davidaulloa/AmericanStories huggingface dataset:
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-30

New York Journal of Commerce, Nov 25.l

New York Journal of Commerce, Nov. Isl
The week opened with an advance in the price
of the Sprague dark prints to 6h4c.. which was
no less a surprise than at the opening of the
week previous the Hamilton fabrics were re-
duced to sac. The action of Messrs. Harding.
Colby q Co. was generally applauded, a.. be-
sides giving an improved tone to the marke, 1t
exhibited the fact that in a very quiet way they
had distrbut d large stock of medium and
other styles Il opened the eyes Of croakers to
without disaster, and the next movement must
be upward. The action was operative upon
other goods than prints and already its favora
action for 613c prints. exhibits steadiness of
tone in the market for cotton goods generally.
though no special movement has to, be re-
marked. except an increase in miscellaneous
shipme nts for export.
With all houses that distribute goods of which
the selling value is dependent upon. the de-
STABILITY of styles and cOlorings, the last two
weeks of November are known az repentance
weeAs," as all goods thought perishable through
HOSPITAL and disposed Of on the al" sell eta and
repent" principle, During the two weeks re-
ferred to many goods are sold, but the loss is
often as great as what is received. hence many
overbOught tneir outlet in order to secure
terms and prices. The month of October was
of many styles and qualities Of dress goods,
and as a consequence prices have been very low
on many standard makes.
Icy of reducing stocks to the lowest possible
amount, while what we learn from those of the
interior shows like course being practir ed.
and the end Of the year will probably show
smaller stocks with distributors than have been
seen for many years.
The various manufacturing branches Of
trade are showing some signs of activity, but
still we find them moving in a more cautious
manner than usual. With the most responsible
houses this is specially noticeable, and to some
extent is making credits dearer with the weak
or ones. There is too much comp petition on the
part OF small houses in this market and large
ratio of expense makes it extremely hazardous
to houses with small capital. several instances
have been reported this week, and in the case of
one house the expense &C cunt was double as
large as that of an older house in the same line
of trade. but doing a business of three times the
amount.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-30
Causes of Bank Failures in Chica~o.

The opinions, of a number of the bankers of
Chicago as to the causes of the recent collapse
Of financial institutions, here. are reported in
the Times to-day. 1t will be seen that there is
no disposition to charge these failures to the
recount Of The governments financial policy. or
troll of the managers. Most of the broken CON
Germs have gone down under the weight of
criminal recklessness or positive, willful scOun-
drelism. In an exceptional case or two honest
stupidity, ignorance and incapacity, without de-
iberate rascality. may have been the rocks on
which shipwreck has been made; but nothing
short OF a financial earthquake or a miracle ever
ruins bank that has been managed with hon
esty and business tact and Intelligence. In the
conversations referred to there will be found
some shrewd. clearly expressed ideas on the
subject, which will interest business men of all
glasses. One prominent banker attributes the
late disasters to the vicious practice of loaning
the money OF banks to their own officers or
stockho lders-a practice which he thinks should
Pc utterly abolished This opinion will doubt
less be almost universally indorsed though a
gentleman OF great experience controverts it
with the remark that it doesn't seem to make
much difference who borrows money-if the
solaterals are good" And it must be confessed
there Is good deal in that.-[Chicago Times,
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-30

1t is announced that the Switzerland Marine
Insurance Company will contest its loss upon
a policy issued by it's agent in St Louis for
$4,000 on the steamer Grand Republic. Tnle
policy seems to have been issued in good faith,
but under a misapprehensiOn by one of the
company's representatives in st. Louis in the
eief hat the comp ny desired and intended
to write policies upon huils. This agent Was
authorized to accept risks on cargOeS, but some
how was persuaded that marine business
included hull policies, and accordingly issued
a certi ate of ms urance covering the fire risk
on the boat in ques ion. The manager of the
company for America is the Swiss Consul
here and when he heard of the loss,
was amazed beyond mea lure. He is an iras, l.
bic individual. aud when, a few days after the
loss the claim was garnisheed by the sheriff on
behalf of st. Louis creditor. the SWITZERLAND
manager gave him sound lecture upon his folly
in attaching a company which would not pay.
Since then the attachment has been raised. and
other companies here have paid their claims
but not 50 the Switzerland. 1t appears that
when the certificate was issued the company
had not then fully complied with the Miss uri
law and received the : ate authority to transact
business, and now it Is stated that the company
will DEFEND itself against the claim for loss on
the ground that the insurance was granted by
an agent not au' h0Tized to do bus ness. This
is rather an extraordinary defense for any COM
pany to offer, but the circumstances are pecu-
liar inasmuch as the Switzerland does only q
cargo business, and never gave liberty to any
of its agents to write upon hulls.-ISt. Louis
Republican, 9th inst.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-30
leans: Steamer Robert Mitchell will arrive Sun
day night. DAN MOORE, Master.
Exchange CliDpings.

l EACHHuSc CHpPlu6bs
Cincinnati Commercial, Nov 81:
Two OF Gray's Iron Line barges broke loose
| from their moor ings at the Belmont Mills at
Wheeling Yesterday morning, One of them.
| Bellaire bridge and sunk, while the other, the
lronsides No. 2 was picked up by the Nail City
and landed. The sunken barge contained 2a7
tons OF glassware. shipped here. and 1000 kegs
OF nails. ia ken on at Wheeling. The former
was insured. 1t is not known here whether the
nails were insured or not The barge was val
ued at $500. and was not insured. The John L.
Rhoads, upon her arrival, will load for New Or
leans.
yesterday. Capt: Shinke says she will be ready
TO make her trial trip Wednesday afternoon on
which his friends and the pubic are invited
She will commence loading for New Orleans on
Thursday and leave Saturday.
The Cincinnati Louisville and New Orleans
Packet Company will probably send out three
Capt. Harry &. sommers, of the Magdalena
river, South America. passed through the city
will return here in about three weeks. when he
will finally determine the matter about building
his new boat for the Magdalena river.
st. Louis Republican. Nov. 81:
Grand Lake left for New Orleans with three
barges. 10000 bushels bulk corn and wheat She
EXCHANGES lows with the Port Eads which reach
1t was stated yesterday that there was no bulk
grain IN any OF our five elevators, and yet Capt.
was offered AZ. 900 bushels but that was too little
to tempt him to New Orleans. He has barges
here to carry 10000.
Memphis Avalanche, Nov. %:
The Scudder has full cargo in sight at
points below. She takes 1000 bales OF or-ttnn
from here. and could have as much more If she
had stowage rooIn
The t0wboat Sam Roberts. with her IA pieces
loaded with apples potatoes. cider, cabbage
chickens, turkeys and men. women and chill
dren. got under way for below Yesterday FORE
noon. after add ing 1888 sacks of oilcake at Hope
field opposite here
J. Philo Young. formerly clerk On the Grand
Republic. has become insane and has been
transferred from the st. Annals Asylum, st,
Louis. to place of the same kind near Cincin-
natl.
Capt. James Tschudi has been i'll for MANY
months past. and still fingers in low state Of
health at his residence near st. Louis.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-30

We have no particular change of Importance
to note in the demand for money or the tone OF
the market The former is fair and the latter
easy. We quote:
Exceptional commercial paper -0lO p cent
AL do 10@12; second grade do o.; loans on
collaterals 900: Al mortgage paper 901O;
second grade do % p cent per annum.
All transactions in Gold and Exchange were
made on the closing dispatches of Wednesday.
To-day, being a holiday in New York none
were received.
Gold steady and quiet
Foreign Exchange fairly active and steady.
Sight IS lower and quiet
State COnsolS are weak at S6At@S7.
Premium Bonds easy at 3624@37
Stocks are quiet, with the exception of ordi-
nary kinds. which we note sales of 500 shares
Levee at 81 IS and 200 do at 81 80 per share,
The New Orleans Stock Exchange and the
Crescent CITY Open Stock Board adjourned
their meetings until Friday morning, the 30th
inst.
Gold opened at 1o27sa1os1S and closed at the
opening rates. SaleS-S80O0 at 103G1O316, $4,000 at
STERLING SALES-f3oOO bill of lading at
491, f4o00 do at 491. and $4,000 clear at 1903.
Bank sterling -@494 commercial bills 1880
49Oa.
FRANC SALES-3OO00O commercial at 5142S
05.13A $4,000 and $4,000 do at 5.142S and IS 900
do at 5.13A. Bank francs -, commercial 5.143S
G5.13a.
SIGHT SALEs-s4o,ooo bankers at 1872,
100000 do at q, s15 900 and $40 900 commercial at
7-16 q cent discount. The banks are checking
at d q cent, ana commercial sight quoted at
7-16@38 q cent discount.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-30
COMMERCIAL.
OFFICE NEW ORLEANS DEMOCRAT. !


GENERAL Enthusiastically was de-
lightfully bright and cool. Our Northern and
Eastern friends were SO much taken UP with
their observance of Thanksgiving Day, and the
discussion of their turkeys and cranberry
sauce, that they did no business, and conse-
auently no kilograms concerning the markets
In those parts were received. They. seemingly,
have more to be thankful for than we have down
here; they shut up their shops, banks and
other public institutions, and give themselves
up to hilarity and gastronomic enjoyment.
For causes stated above operators here in
cotton were. to certain extent, working in the
dark, and the market was without spirit.
though exhibiting considerable steadiness In
prices. The sales reached 54o0 bales.
At the sugar landing and sheds the market
ruled easy and irregular. The receipts, sa5
hhds, were comparatively light, and the sales
reached ss1 hhds.
There was some little business done in pro-
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-30
NOTICE TO STATE TAX COLLECTORS
PARISH OF ORLEANS.
ASSISTANT ATTORNEY GENERALS OFFICE,
State of Louisiana,
New 0rleans Novamher IA 1877

ASSISTANT ATTORNEY GENERALS OFFICE,
State of Louisiana,
New Orleans, November IA, 1877.
For the purpose of bringing suit for taxes and
licenses due the State for the years 1s73 1874 and
1875. the Tax Collectors of each district of the
parish of Orleans are hereby directed to pre-
pare and file in this Office. on or before the first
day of December. 1877, a report of all delin-
Quents for said years. according to the books
and records of their respective offices. and in
cases where the delinquent list OF the Tax Col
ector's office is incomplete said report will be
made from the record of delinquents on file in
the office of the Recorder of Mortgages
ALI delinquents are requested to settle said
taxes and licenses with the collectors of the
respective districts or before the first day of
December, 1877, and thus save costs and ex-
penses. J. G. EGAN.
Assistant Attorney General.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-30
Deet sugar.
Foreign adyices report:

The sugar market in Germany has been dull
during the week ending November A. owing to
the opinion, which is spreading. that the beet
root production will be larger than expected.
ton of beet sugar at $50 900 tons for the Cont
Ynent, against 1.059OOo tons in 1867, and
900 tons against 1876 and a minus Of "a 600
tons against 1876. In Germany some 7,1OO,O
centners Of sugar will be made, against 1924 600
centners in 1867.
The Journal DIES Fabricants de Sucre esti-
mates the French yield at 1926 900 tons. against
2430oo and 900 tons in the two preceding
years. AS the colonial yield is admitted to be
inferior to that Of ordinary years, there will be
greater demand necessarily for beet sugar
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-30

visions: in fact, there was more done than for
several days past More attention was paid to
dry salt meats which were held at firmer prices.
In regard to mess pork buyers and sellers are
at loggerheads as regards prices and in conse-
quence the movement in that article of Western
produce is restricted. Bacon and lard are dull
and easier.
COTTON-This being legal holiday through
were received at the Cotton Exchange. and for
that reason we are unable to show the receipts
and movements of the markets at ports. Some
private dispatches, however. were received
which reported Havre firm and Liverpool quiet
On spots and firm on arrivals, with sales esti-
mated at 10. OOG bales.
BY reason of the facts stated this market did
not show as much activity and interest as
usual. The feeling was steady, and sales
reached 800 bales.
Ilhe fficial limitations of the Cottan Exchanpa
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-30
moderate and market firm.
QUOTATIONS FOR GOLD.
Extreme range. .

CORN-Is fairly active and steady. Sales 500
yellow at 6oc. 500 white at 62c. and $50 white
OATS-Quiet with an upward tendency. Sales
$50 bags choice Galena at 40c . bushel.
BRAN-Neglected Sales 100 bags at 92Rc q
HAY-Dull $50 bales strictly prime sold at
" BULK ncoRN-None Offering, and the market
is nominaliy 55]4c o bushel.
WHEAT--None here, and nominally at ST 800
35 . bushel for winter. and 81 goal % for
EsCULENTs- Potatoes are selling at 81 sop
IS: onions at 81 25Cg2; apples at 81 5og3 q
Dbl eabbag9s at $500 = 100, and 81 1902 y crate
failing at 12A@13c. Baling Irvine at 1910 in
round I9IlG lots; RECALLING at 14c s.u
Western are in light supply and in fair request.
We quote New York creamery, fine, 30931c;
New York dairy 19@28c, as in quality: Western
CHEESE-Demand fair and prices steadier,
with only moderate stock. New York cream
15@15Hc, Western factory 12@14c, as in quality.
io5bing at s2@4c 2'R t. u0n@no d. '|z' III ''''
WOOL-More stocks Offering than there is de-
mand, and it is held above the views of buyers.
clear lake 271a029c p tb.
HIDES-Supply fair and market quiet; coun-
try green 89Shc dry sailed 13@132c, dry flint
TALLOW-scarce City SC: country 7c . ID.
WH1SKY-Dull, easy and !, Irregular Ta; La Good
made at 81 o5@1 o6 gallon.
SALT-Stock lightw good demand. Since
our last report one cargo all coarse. sold at
721sc per sack. af1oat, and one to arrive ON pri-
waite terms. We quote cargo price at 5o(975c, ac-
cording to filing Dealers are selling from
warehouse at 759sOc for coarse, 95c@s1 for fine,
a. in quality and quantity. Turks Island neg
lected; held nomlnaiy at 32c p bushel. Table
salt in pockets 1A@T1sc each. as in size.
POUITRY-Old chickens 81. young 1908;
ducks So: geese S.: Turkeys s90f2 p dozen.
EGGS-Western 1s@2oc; Louisiana 20@2ac D
dozen.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-30

Welearn from the Louisville CoW'ier-Jom'nat
that Mr. Eaton, of Connecticut. has introduced a
bill In the United States Senate authorizing the
establishment OF mail steamship service be-
tween the Uni ed States and foreign countries.
3 IT provides that whenever it shall be brought to
the knowledge of the Postmaster General that
mail communication has been established by
steam vessels owned by American citizens be-
tween port or ports of the United States and
any foreign port or country the Postmaster
General SHALL at his discretion. declare the
same to be q marine mail route, and shall con-
tract for the passage Of the mails thereon at
a rate not exceeding the rate paid for
mail carriage upon the trunk lines of railroad
of the United States; provided that said vessels
shall be of the requisite tonnage and rate; and,
further. that the owners thereof shall give the
requisite bond for the faithful performance of
the contracts. This bill is of great importance
and its passage would do much to open UP a
lucrative foreign trade for this country which
England and France and Germany are now en-
Toying because of their liberal subsidies to
steamship lines. England has paid over So, :
100000 to steamship companies during the last
ten years while our government has not paid
fvpr az 0OD ooo
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-30
Important insurance Dec1sions.

The following decisions were made by the
United States Supreme Court at Washington on
the 26th inst:
A.. New sYork Life Insurance Companv VIC.
Davis error to the Circuit Court for the eastern
district 81 virgnia.In this case it is held that
g 81 pulatlon ID policies of insurance that all
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-30
- GREAT CHANCE TO MAKE

GOLD %sasz j.. " s5s ssP e s%SJ5
need person In every town to take subscrip-
lions for the largest, CHEAPEST and best Illus
trated family publications in the world Any
The price is so low that almost eve -ybody sub
scribes. One agent reports making over $3.50 in
week. A lady agent reports taking over 400
subscribers In ten days. All who engage make
money fast You can devote all your time to
the business, or only your spare time. You
need not be away from home over night, You
can do it as yell as others. Full particulars,
directions and terms free. Elegant and ex-
pensige outfit free LII you want profitable work
to try the business. No one who engages fails
| 10 make great pay. Address
SEQ 6m Portland. Maine
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-30

Mr. Robert Woodward. of Arley Castle, Glou-
cestershire England said at recent meeting
OF the Severn Valley Club that Great Britain
and Ireland had under cultivation this year
ss4o.ooo acres, which averaged 81 bushels to the
acre, giving yield of only s,767,5oo quarters.
Deducting az bushels to the acre for seed, and
dedueting also 8 per cent for inferior quality,
leaves only $50, 900 quarters for food. making 1t
NECESSARY to import 915 900 quarters, or nearly
40 ,oOoo 900 bushels from abroad. British India
will send about 1000 900 quarters. but the United
States will be heavily called upon. He stated
also that many of the forward sales made by
parties on this side Of the Atlantic of wheat at
4ss 6d@5os per quarter to arrive at ports OF call
have been cancelled by the payment OF IS per
quarter by the parties who sold it. He told his
hearers that they could get Sos by holding ON
ito their wheat, and advised them to do So
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-30
A Board of Trade.

Wenotiee that the Louisville merchants are
much exercised on the subject Of a board of
trade. They have a Merchants and Manufac-
turers' Exchange. but that institution though
very useful in advancing the mercantile and
manufacturing interests of the city. does not
exactly fill the idea OF board Of trade On the
26th inst there was a large meeting of mer-
chants held in that city, for the purpose of in
augurating such board. and one of the speak
ers referred to the fact that Louisville had no
representation the National Board of Trade,
an institution that had great influence On the
commercial legislation of the country. He
compared Milwaukee. a city of $4,000 people,
with Louisville: that city had a Board of Trade.
with SIS members. and its expenses 1000 per
annum. were always promptly met
We have here in New Orleans Cotton Ex-
change, consisting of about 800 members and a
more honorable body never existed 1t is COM
posed Of men who are scrupulously honest
In all their transactions, and take great
pride In preserving the fair name and fame of
the institution to which they belong. But this
Exchange embraces only those who are en-
gagged In the cotton trade and there is seriously
salt here the want of a board which will take in
y Western produce interests. Recently an
It has been made to resuscitate the old
T.r of Commerce. which has been for sew
A
~. 81 r, appointed to devise ways and means
~ Sscolto make it live, active and useful
n Biz earnestly hope that this consumma-
Gragsbe reached. But. if it is not imperti-
4 Adsnake suggestion. we advise the par
Soriving this matter in charge to
nnee the charter Of the old Chamber
dmmerce; have it run and controlled
n board of directors like the Cotton Ex-
IN. nigel. and not have too frequent meetings. at
kEsnich ambitious members can air their crude
| ideas. gushing rhetoric and sonorous eloquence
This chamber as we understand its constitu-
lion. embraces members belonging to all classes
Of mercantile life; and If properly reorganized
will be the great commercial institution of our
city. If this chamber should follow the course
OF that of the great city Of New York. and es-
tablish high court for the trial of all mercan-
tile cases and disputed points arising between
its members, it would save vast amount of
litigation and consequent expense. 1t could,
by its great influence have a law passed by our
Legislature. as has been done in New York. by
which a capable, honest and reliable Judge
could be appointed to preside over such court
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-30

( Yesterday was Thanksgiving Day, but 1t did
not have any perceptible influence on business
here except that the lack of dispatches from
the North and East, it being dies non in those
parts, kept our cotton men in the dark to a GER
tain extent, but, notwithstanding this draw
back there was considerable activity in that
line of business.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-30
RIVER NEWS.

OFFICE NEW ORLEANS DEMOCRAT, |
Friday. Nov. 80. 1877.
Daily report Of the stage Of water, with changes
in the tWenty-four hours ending yesterday
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-30
Commercial and Financial Matters.

Tn Cincinnati the Grocers' Exchange was or
oanized on the Goth inst, and member re-
ported that he had purchased 800 sacks OF COT
fee at Mobile, under New York prices. with adj
ditional advantages In freights and time OF
shipment
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-30
AND FARMS FOR RENT
OR SALE.
OR SALE.

CITIZENS BANK OF LOUISIANA !
New Orleans Nov. 90 1877 I
The following Plantations and Farms are Of
fered for sale on reas enable terms; or for rent
for the year 1873. Proposals for rent to be made
to this Bank on or before 10th December next
PARISHES. PROPERTIES, DESCRIPT'N AREA
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-30

New American Sewing Machine. 1856 Canal
treet
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-30
FINANCIAL AND COMMERCIAL
MONETARY.
MONETARY.
OFFICE NEW ORLEANS DEMOCRAT
Thursday Evening. Nov. 20, 1877.
NEW ORLEANS CLEARINGHOUSE.

Total thus far. .....s 80, 144. 1888 90
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-30
Important
AUCTION SALE!

From the great auction sale of last TuesdaF
and Wednesday. at which the entire stock Of
Messrs. e. Molinie & Co. Oarge importersI was
sold at the highest bid, we took advantage OF
this extraordinary opportunity, and will offer
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-30
Will Offer Tomorrow
THE ENTIRE STOCK.

Without going into Details we would cali your
attention. among the MANY EXTRAORDINARY
BARGAINS, to the following:
FRENCH CORSETs,
At so cents pair.
BOYS FULL FINISHED FRENCH SOCKS.
At Is cents pair.
VEIL BAREGEs.
Worth go cents at Is cents a yard.
WHITE TARLATANS (Frenchl.
At 81 rs for 1914 yards.
ETC. ETC.
We would also call your attention te