The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-01


Commercial and Financial Matters.
pasaan 's "a 4gT 3d. Of Philadelphia s55 $780,
s7l 10 ali exclusive of sinking funds.
The Bank Of France. October II. held cash
and bullion sla2s5ssa; discounts ~
circulation was s4si, 975: Its public deposits,
sae Ga2 70. and priva deposits ssl $751; 1874. The
proportion of cash to notes was 1915,
Yesterday. In delving into mass Of Old news
paper relics, we came q ross a copy of q New
orleans Pride Current. Commercial zateHipence,'
and Merchants Transcript. of August 6J 1s42. In
which we noticed something which. by contrast.
proved interesting. For Instance: flour, SUI
perfne g % y bbl molasses 2tc gallon: sn-
gar axe y i,: mess pork " v Dbl huns sc y ID :
reoted ise gallon i Eas India basgns ~
Spanish si2aas = 1000. The exports OF cotton
1919, amounted to 75s377 bales: the exports of
tobacco for the same period summed up 64,6l2
hhds; -four 2e2 1913 bhls pork is5 674 bbs; bAcon
gust o. 1s42, there were fifty eight vessels in
port. all but eight square rigge i: at this time.
November |. 1877. there are ninety two vessels
ut our wharves, OF which eight are not square
rugged.
As In every city in the United States. there is
n general complaint here OF hard tim and
duh business, but we think that we denizens OF
graduate ourselves. Business, generally. -
dull. for reason which are obvious +, the most
obstuse minds but there are some indications ms
OF improvement " hich we deem 1t n cessary 70
call attentionto From the 1st OF september 10
the present time we have exported $40 Bag
bushels OF corn. against 1862 bushels last
year showing an increase In this article Of 2s7.-
Oe4 bushels over last year. OF coffee we have
received from Rio de, janet alone 63,7s6 bags,
boxes and hogsheads have rea he'd us from
Cuba: last year up to this time we had rteplved
from the same source 66s1 boxes ana hogshe a.
there has been most graf wing increase IN
our expectation of corn and In the receipts OF
coffee not abiding to articles OF minor import
A dispatch from st. Louis. dated Oct a. pub
lished In the Chicago page s. STATE that 900 goo
that market on that da. for expectation by way
Of New Orleans, but the stock was not there
We have here O full supply Of tonnage: send on
your grain, friends of the West, anu we Will see
that 1t goes forward.
AT the present time there are in this port II
steamships. SO slips. 70 barks, brigs and ,.
sehooners and sloops in the New and Old Basins.
There are II steamships and 81 sailing vessels
domestic ports for New Orleans. 30 It can be
seen by this showing that we are not likely to
be short OF tonnage during the present season.
Fraudulent Assix nments In New York.
Enormous swindles are perpetrated in New
o se sas
Some coiiusive friend. and then defraud their
creditors. Registering Bankruptcy John Fitch
practices. and showing that In the last two years
nearly one thousand assignments have been
filed In the county clerks office. The liabilities
on these amounted to about $500 600. the
nominal assets to about s15. 900 900. and the ac-
tual discoyerable assets to $7O00.000.
Reserve of the Bank of England.
The London Economist OF October Is. in com
menting on the advance TO per cent. in the
rf ENGLAND
Ii Is almost impossible yet to cay whether
the raising the rate to per cent will be sufh-
cient to prevent an effl1x Vt bullion. The rnts
OF exchange on France has slightly responded
to- the call-the rate on Germany has done so
with q little more briskness. The fact that the
eagles, which 1t held q hHlf-penny per ounce,
has sufflcsd to cause q demand for those, coins
to be held over for the present. But the ex-
change with America may again decline to q
point at which the export of eagles even at the
enhanced price, may prove prolltaPle AT al
which are ire hanging oyar us; and il i well to
bear these things in mind The reserve of the
Bank OF England. we have continually to re-
peat is the one available source Of supply to
meet any demand for ready money in the coun-
try. and reserve of anything less tn 2 tioooo.
600 is very small one for the Bank OF England
The Future Of Hogs.
Gyifftlt's Live Stock and Produce Reporter Of
Chicago in its remarks upon provisions, has
the following concluding paragraph,
In view of the near approach OF November
the stock yards, there is a gradual eakening
of prices. which must. as we reckon. be sus-
.ained until hogs can bs bought at sut11 lent.
ly low price to enable packers to lay by stocks
for the trade of 1878 at safe and consistent hg-
ures. And, as with packers, for November; sc
with dealers in. the product now, we lind
ha Sfrrsnt ws opasrs on tare Beas @
disposition to have barrel of pork or side OF
bacon more on hand than will be wanted foI
present or Immediate use. In add ton to this
retar ling action in the trade of the present. We
are having continuance OF very, mild weather
for the season. and such rs will prevent am
there Is very little disposition shown amone
packers thus far to incur usual risks. and tn
impressio on Is largely received that heresite
winter months which have been act apart hith
erto, and instead. that packers will distribute
their operations more evenly through all tn
March and April as well as the previous white
months.
Decadence of the British Iron Trade.
We printed the other day q noteworthy arti
Gle from the Birmi ngham Post. in which tina
journal mourned The successful competition o
American hardware manufactures with those o
its own city. Now comes Mr.. Crawshay. of Cy
fartha. known in Wales rs the Iron X ing, tn,
head of q manufacturing house that has beer
in existence for 200 years and has stood ut tn
very head OF It's department. He says in lot
ter to a friend:
HTrade is worse than ever it was, and Sc
not the slightest chance of Cyfartha, startin
again. / think SO badly of trade altogDthe
that have no wish to see my sons remain in !
I do not think can possibly live very long, an
ii / am able shall sell the works before 1 di'
There is nothing now to bind me to them. for
have been estranged from them by the condut
die With the works going and the same feelin
among the men for their employers as before
but things have changed and all is different an
to gearv y od "a" are
The London Telegraph quotes this letter. an