The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-10-03

only point is in tho stupidity of at
tempting to prove that the ietties cannot
succeed, when their success has become al,
established fact.-St. Louis Times.
The Times Is mistaken when it says we ad-
vocate u canal from New Orleans to the gulf.
We have published an account Of the survey
| of such canal, but those who are advocating
| it are not asking Congress to appropriate the
peoples money to it.. II any one wants the
Barataria canal opened. we are willing he
| should open it. AS to the success Of the jet
ties, we would be glad to see little proof Of
that. 1t would be well to show that any i'm
provement of water on the bar is not tenn
porary, as at the mouth Of the Rhone, or the
| that calls for our admiration in the move
ment Of the dredges from tho Southwest to
the South Pass Cincinnati Commercial.
| 3Oth ult.
Tho Commercial need not vex It's soul about
the jetties. We advise it to examine the re-
port of the United States Engineers. pub
lished In yesterdays New. Orleans papers,
and we think that the only reasonable con
South Pass is gradually but surely becoming
more adapted to the admission of the largest
ships that visit these waters. A glance at our
marine column will satisfy the most skeptical
on that point.
Silver has advanced in London to 55 pence
per English standard ounce of nine hundred
| and twenty five thousandths t. $3.50 fine deduct
ing therefore 2ha pei. cent in this price for
| tineness over our standard, which is 1901 nine
| hundred thousandths fine: and estimating
sterling exchange at the par of "a 80 per En-
gish pound sterling, the bullion in the ancient
dollar OF 412& grains would have u gold value
| of $093. while the bullion in tho trade dollar
| Of 400 grains would have a gold value of
| S0.g5.
An official statement Of the foreign trade of
| the United Stataa for the Eaypn mont he end
| ing July l, 1877, shows that the total imports
were S309, 1881 ,219, against 1868 269 635 in 1876
the Increase in the imports Of merchandise
being In round numbers $35, DOC, 900 over 1876,
and In coin and bullion $6,3Oo,000. The total
exports for the same period in 1877 were
S373, 331 ,731, against $500, GIG, 149 in 1876 The
decrease in the value Of merchandise export
ed this year being over $s,000,000, and in coin
and bullion about SO, 500, 0sO. The value of the
exports shipped in American vessels was less
by $4,000 600 than in 1876 whilst the proper
ton OF exports was in the ratio of sj,OO0,OOO
IN American vessels, against $2S7, 100000 in
foreign vessels. With regard to the volume
of trade, it Is probable that the proportion Of
our exports will increase materially in the
last half OF this year.
The commercial supremacy of this city is
rendered very clear by the statistics for the
fiscal year 1866 In that period the exports
OF the Union were lomitting the odd hgures)
S555,OO0 900. or this large sum the share of
our port was $780,, 100000; the five ports of
next Importance ranking as follows: New
Orleans, Ss3, 0,000 Philadelphia $40, 00O, 600
Boston, S36,o0o,ooo Baltimore, S31 100000,
and San francisco, sos, 100000 In the
import trade our relative share was still
greater. The total imports that year were
S4760C0,000, of which our port received $3t1,
100000; the amount at the five other ports
named above being as follows Boston, $37,-
200: San Francisco, $34,000.0O0; Philadel.
phia, S22,000,00G Baltimore, S22, O0O, 900; and
New Orleans, 81 100000. The sum paid here
for duties was, of course, correspondingly
great, $l01, 100000 having been collected at
this port of the 46000,0O0 received at all the
custom-houses. Judged by the return of
trade, which the foregoing figures indicate,
this city is the best place to buy foreign
goods as well as to ship domestic products
| n. Y. Tribune, 10Th ut.