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Show TUB IHVUOBArlO.w. TeatloaoDjr Itefore the Joint Con arreaalonal t.onauillle. Washington, Dec 31. Senators Chandler, Jlale and Powers, and Representative Owen were tho only members ot the Joint congressional committee on immigration present th rcornicg when the Ittvestiga-Uoh Ittvestiga-Uoh IhlS the pufrhiSa bf Aetlcail industricaby foreiglTeaplUl beguu, C A. Pillsbury, tbe Mluncsota miller, mil-ler, was the? first tr'tners. He was examined at some Jength. In response, to question by Senator Sen-ator Cbanuler, wilhl jrffX'Co to thesaleor the PHlsbory auv WasliH burn mlfle" and ..lllw nroi-rtr. I witness said llicrrjnvrvo wav, made to Carey A Whittredgeof New York, representing a London company. com-pany. .The property sold included I'. A. rillSbUry ft Co.' itilllt) with nominal caiaclty of about IO.Ovd barrels a day, and tho Washburn Comjiauj's mills, with a nominal capaeity of about 3000 barrels, an I mills at Minneapolis and Anoka, Minnesota. The total nominal capacity cap-acity was nearly 14,000 barrels, and the actual working capacity about 12,000 tarn Is a day, ot the value of about $50,000. Iu connection with three mil In there were sold about 130 elevators belonging to the Min-neaiolis Min-neaiolis Elevator Cotnny aud lying ly-ing nlmg the line uf the Great Northern Railroad, the Minneapolis Mill Comnny aud the SL Anthony Water Power Company, owning water rights, and stock lu the small Atlantic Elevator Coiujany, near Su Mary rlvaf. The to!rtlcotiidera-lion to!rtlcotiidera-lion wa about $S,OW,00), aud in tliis amount was included $1,730,-UUO $1,730,-UUO in cash left by the sellers in tlie business for a wotkluu capital. D Qereut terms were made with eat h or the parties iulcrested In the concerns sold. WiUcss employed 7eJ or SOU men and the pay roll averaged $J.50a day per man, which was Increased tj $3 17 by a voluntary distriUitiou or profits by tlie firm. About half t the employes were natiaei-orn and Hie other hair were foreign born, including Irish, bcaudi-uavians bcaudi-uavians nud Germans. The Pillsbury mills and elevators brought al-out $t.V00,Oi)0, of whicli the Pill-hurt a took $&X),(KW In slot k and S-'SOO.P.'O In debentures of the e-oiniswy formed by tlie syndicate. The balance waslu cash. Tho syndicate syn-dicate comny Issued $5,0Mi,J0U In tock and 1,I),U0J In debentures. cachsharcreprescntingXlO. Among the American stockholders were Morton, Hli'a A Co. He thought the largest jnrt of the stock was ow tied iu England. PilMiury said that under the terms or the sale be agreed to man-ago man-ago the prui-rtli. for five year, thougli he suposed his serIct could lis dIpenM-d with earlier. TTle liiterlenit vtonl lleortor,a lteelaw. HostoX, Dec. 31. The -tmcrfcan Hoof Hcpurttr, lu Its annual review of the wool traiU of the Unittd State, will say tomorrow: "lTleatuoant of wool on baud lu most if tho primary markets In the Uulleil States is not excessive. The supply in H'ton is considerably lighter than a year ago. A recap-iiulaliou recap-iiulaliou of tbe storks in tlie prinri-pal prinri-pal tuirkcts, to which Is n Ideal tlie estimated amount In other mar. kets, concealed supplies of wool and In pullers hinds gives tbe total supply 9J,SII),SSk' lounds agalnt 09,23 1,659 a year ago. The tljures fr the first ten munths uf IS0rcr Uio whole United States show the total importations were S7,9tl,19l pounds, in comparison with 110,lU7,4l&rbr the corresponding correspond-ing time lat year, and lit consequence conse-quence or tbe amount of foreign wool ou tbe market and the fact that there ha very m irked Im- firovement in tho woolen goods bus-ness, bus-ness, tbe supply of wool In the United States cannot be considered burdensome. The only weak spot in tlie outook Is the probability or increaseJ importations or foreign wools after the beginning of tlie year. Tlie Teart lallurre orison. New Youk, Dec 31. Thebu! ness failures occurring throughout the United SUtes for 169.), as reported re-ported by Dunn, are 10,907 In number, num-ber, Ulng but 13 greater than 1SS9. The liabilities show a aery large increase in-crease overlS59, ling $IS9,0iXI,00V a against ?lS0nOI00, an increase or $11. 000,0(10. These are the largest liabilities Kintf 1654, when they amounted to Ji.'fi.O'sl.lO"). |