The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-10-27
Commercial and Financial Matters.


dav FER liverpool, had q large cargo. the larger
portion Of which was 5z73 bales Of cotton.
The towboat Warner, with three barges,
arrived at this port yesterday from 1T. Louis,
bringing large cargoes. We notice the following
articles: 49, 400 bushels Of bulk corn, 6S4B sacks
OF corn aud 1868 sacks OF rye.
We are informed that the receipts for taxes in
the First District OF this city, from insurance
companies and agencies alone, amount already to
the sum OF $4,000, against $3l 900 last year.
This is most gratifying exhibit. indicating q
Willingness on the part OF the insurance COM
psnies to pay up promptly their taxes, and con-
hdence on their part in the good faith and hon.
esty OF the assessors and tax gatherers.
There hasn't been q bank failure in Holland for
forty years, nor the failure Of al Insurance COM
pAny. Paper money 10 at par. There is no pee
ulstion. Railroad passes are never granted.
Once in great while dishonest Off DIAL or mer.
chant IL discovered, promptly punished and for.
ever disgraced. The four millions Of people are
happy and contented. They live within their in.
come.
A letter was received here yesterday from Rio
de Janeiro, under dste of October 10th inst, an
nounoipg the loss off the Little Cayman, on Sep
TENDER ~, Of the Swedish bark @. d. w., on her
way from that port to New Orleans with 5000 bags
Of coffee The information 10 from the Swedish
Consul, and mentions the arrival OF the captain,
who brought the Information, with the news OF
the safety Of the crew. The vessel and cargo are
buppQsoQ W DC tOtai lObss
Al IL well known there are very few OF our
sugar planters who are now rolling, owing to
the unusual greenness Of the cane; in other
words, the want OF saccharine mater IN the
juice. The acreage planted IL large and the
prospect Is encouraging; but there is no neces-
sity Of concealing the fact that the planter has
great risks to run before his crops are harvested
and his sugar made. The rolling season has
been put off from two TO four weeks and it is safe
to say that large majority Of our planters, es.
pecially In the lower portion OF Louisiana, will
not commence grinding until from the first to
the tenth OF November. Last year, on the fifth
of November, there had been received in New
Orleans 5000 hhds OF sugar, and on the eleventh
OF that month there was ICE in many portions OF
the State, neoessitating the winrowing OF the
cane.
a correspondent of yesterdays Times writing
on the subject Of the coffee trade men ions ss
most gratifying incident connected with the
growing commerce Of our city, that Of the very
recent arrival at steamship from Rio de Janiero
with $4,000 bags Of coffee. aud expresses the
hope thAt this will be but pioneer steamer from
the same port. We most respectfully announce
10 this writer that the arrivals Of steamships
with coffee from Rio are not SO unusual or infre-
quent ss his communication would imply A
glance ct the following list Of steamers and their
cargoes, which have arrived here during the pre-
sent year, 10 convincing proof of this q ssrtisn:
January II, 1877, the Gsssendi, 1884 BAGS Of
coffee; February "a, the Lssnde, H. Si bags;
MArGn lOs We lHai6ss lz,O(U DsBs, mhTCu ~, Gnt
Wimbledon, 44s2 bags: sep .ember IL, Tho Ru-
bens, IL, 942 bags; October l, the Memling. TO-
600 bags; October 20. the Lsla"de, 1854 bas g,
making the tot receipts OF cofee by steam vesseIs
from kio de Janeio, slnce the Lot VI Januar,
last, amount to S9,54l bags.
The way the protective tariff protects Amer
lean manufacturers is exhibited by our trade
with Japan. We buy largely of tea, silk, and
other products Of the country, and pay for them
In coin. Great Bri ain selis largely Of manu-
fsctures TO Japan, and takes her pay in Amer.
lowing as regards the trade OF the
three countries: During the year 1876
theimports OF cotton and WOODEN fabrics by japan
from England amounted TO sl2,244 683, while
her exports to England amounted to only $780,,
403. During the same year the imports into
Japan from the United States amounted to only
1911 1888. while her exports to the United States
amounted to s6,SS7,3O7 II the American tariff
WAS reformed 80 as to remove the tariff taxes on
raw materials and chemicals used in manuflc-
turing, this country would quickly run out the
English from Japan, and practically monopolize
that large, growing and valuable trade. We say,
!" IL the tariff )" but will Congress reform1t?
Treasure Export From San Francisco.
The San Francisco Bulletin gives q table show
ing the coinage and shipments OF the precious
metals from San Francisco for the past nine
gold, 81, 269 500; fine silver, IS 4s4 60; silver
coin, s3,074 300; trade dolIa's 1927 100; Mex
can dollars, $2,217, 100; gold coin, $22 826, 200;
gold dust, 800; total. f5,l2l,4IO.
Yield Of Precious Metals.
II lie estimated, according to Off ,aI advices re-
ceived at the Treasury D partmeut on the 23d
inst, that the yield Of the precious metals in
Nevada and California will aggregate for the
present calendar year s33, 000,0U0 OF gold and
$27, 100000. of silver, as follows: Mines Of the
Oomstock Lode Silver, $40, 000, 600; gold. ST.
600 900; rest OF State Of Nevada. Sc 0OJ0OO sill
ver 81 0OOG GOO gold; State of California, 5000,
600 gold and 81, 100000 silver,
Indications of Greater Activity in the
Loan Market.
The banks of New York, Boston and PhllAeel-
phia held on the second week of this month
week Of August, and s2,457,0,0 more Of specie
Last year the decrease Of legal tenders in the
same time was So 076,00O, and of specie So, 1884,,
COO: The aggregate OF specie and legal tenders
nj the period Is SIS 800 900 less than the same
time later last year. The deposits have decreased
1873, 900 during these six weeks in 1877, but in
creased $685. 900 in 1876.
Cincinnati Finances.
The Cincinnati Commercial, Of the 23rd inst.
says:
astonish our business men than that the financial
affairs Of this great city are conducted without q
well organized, complete system Of accounts
There are, ss we have been informed, no books
showing clearly the debit and credit accounts
one of the important funds or accounts that re-
present the city's financial status. Such cond-
ton OF things is, to say the least, simply marvel
GUS. How the sinking fund commissioners are
to see through such q middle as exists in the
accounting Offices OF the city is an interesting
question. Doubtless, before they get to the bot
tom of things-and they are the kind OF men who
will 60 there-they will have some interesting
suggestions to make as to systems OK accounts by
which those who pay the money may see where
1t goes to.
southern Claims.
the Chicago Tf5une' Of the 2sd inst. saws: -
The last Congress, in the sundry civil sppropr-
alton bill, allowed 1000 for the payment Of
claims brought against the United States by mail
contractors in the South, who went into the re-
bellion, for service Performed in the insurrec-
tionary States in 1860 and 1861. But Secretary
Sherman has made no use of the appropriation,
baSnu Of the orininn hat ha at mo, ,ot sr,es