New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-07-18
FOREIGN.
Hot Weather.

Hot Weather.
LONDON, July 1.-the weather for tn,
past four days has been excessively hot
the thermometer reaching &C. in the shade
There have been numerous sunstrokes.
Robert Nuues and Albert, Brother & Co.
merchants, failed. United liabilities 100000
Gilbert, Wright & Clarke, wholesale hoslers
failed. Liabilities 100000.
Financial Troubles.
The Times special dispatch from Cal
cutta says: The exchange question occu-
pies public attention, to almost the entire
exclusion Of other topics. Whether the
lowest point has been reached, whether
the depression will be permanent or tempo
rary, and whether any and what remedy is
possible, are the main subjects of converse
ton among all classes. The rate now is a
fraction above Is cd Y rupee, go that re-
hitting small sums costs about 81 per cent
Large sums cost slightly less. This tells
severely on persons with fixed incomes and
all having families at home, but the in
avitable rise in prices in all imported ar
ticles makes q serious difference to every
body. The government loss will nearly
equal the gain from the opium revenue.
Except the mutini, this is the worst crisis
in Anglo-Indian history, and there are few
ing and 90 general. If the depression con-
tinues it will probably paralyze the import
trade. The problem before the home gov
eminent calls for the most anxious con-
sideratiOn, and if the depression is to be
permanent it will resolve itself into the
question of how to stave of national bank
ruptcy."
Resigned.
Lord Henry G. C. Gordon Lennox. COM
missioner of works and buildings has re-
signed, in consequence of his connection
with the Lisbon tramways.
Derby on Neutrality.
In the House of Lords this evening the
Earl of Derby, in reply to question by the
Earl of Denbigh, conservative, said: II
can not advise Parliament to abrogate the
declaration of the treaty of Paris, that
neutral flag protects an enemys gOOde, ex-
cept contraband OF war. This declaration
has been in force for twenty years. Eng
land has pressed it upon other governments,
and if che now withdraw. it would raise
the suspicion that she was preparing for
war"
Reports from all European capitals say
Lord Derby's statement regarding the East
ern question has made very favorable i'm
preston.
The Grain Trade.
The Marx Lane Express, in it's review of
the grain trade, save: Wheat promises
fairly both for quality and quantity. The
plant is low strong and healthy. The
probable yield will be something like over
5000, 900 of quarters. Barley continues to
look we'll. The condition of all other
cereals is satisfactory. Our market has
been unaffected by the war in Turkey. No
Intervention by other powers appears
probable. Trade has, however, been much
depressed by the enormous supplies arriv-
ing. Nearly. $4,000 quarters of for
eign wheat have arrived during the
past fortnight, and prices have given
way two shillings per quarter, and
unless the weather or political influences
check the decline, it appears unlikely that |
wheat can maintain even the present de-
pressed values. There is a large trade in
Indian this year and the favor which this |
class of grain has found with the millers |
has caused the consumption of Russian |
and American to fall off much more than |
might be imagined. 1t is not unlikely that |
the future range of prices will be lower |
than We have been accustomed to. The |
numbe of cargoes of wheat off the coast is |
tfty-ejght. But few sales have transpired. |
and the position Of the market is somewhat |
indefinite. Buyers are holding of and !
holders are not reconciled to the low prices. |
A decline of full two shillipgs per quarter |
on floating cargOes has, however, taken |
place during the week. Maize has met |
with limited inquiry, the quotations are I'M
altered. Barley has been steady.
Earthquake.
VIENNA, July IA severe earthauake |
Of several seconds duration occurred at I:3O |
4. NJ. No damage.
A Deputy Elected.
PARIS, july 16.-M. Screpel republican,
as been elected deputy for Roubaix.
The Stolen Gainsb0rough.
Colo CINE, July 1.-THE London CORE.
pOndent OF the Gazette Gays: Messrs. Ag-
en-, art deslere, have letter dated Astor
l0use, New York, offering to surrender the
solen Gainsborough picture of the Duchess !
.tr