The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-12-22

Commercial and Financial Matters.
Tbree vessels cleared hence yesterday for
liverpool, with II .gsT bales Of cotton.
Among the clearanees yesterday we're the
steamship gurbiten, for Bremen. with 14.s25
Bushels, and the bark Minerva. for Rotterdam.
with 24sso bushels OF rye In bulk.
srbe steamship City of Mexico cleared yester-
day with sB2 bales Of cotton for Vera Cruz, the
first shipment of the kind that has come under
our observation for many months past.
The preliminaries for an American display
ut the Paris Exposition are now arranged oy
She passage Of the bill approprating $3.50 wv
and providing for the appointment OF suita-
BILE commission to represent American IN
terests. -
srha so.ealled 'sugar landing is literally
filled with sugar and molasses especially OF the
laat named commodity. Yesterday no to D.
M Tho reeejpts footed up 916s bbls OF molasses
and 1898 hhds Of sugar. The receipts OF mo-
lasaea are larger than those OF any one day
since the war. So we are informed on credible
authority. |
no nroye that cur city has still an export
-FOUR trade we will mention the fact that the
ssboonsr Palma cleared yesterday for st. Marks
with bbls of flour and the steamship City OF
Mexico with Oh bbls for Tuspan. Mexico. How
ever, we will brag little about the schooner Ebe-
raezer clearing for Kingston, Jamaica, with 400
sbls of -four. and the steamship Atmore clear
Ing the day before, for Liverpool with little
over 900 @bls OF -four. Who dare to say that the
export demand for our -four liz not reviving.
The foreign commerce OF the port OF New
York for the week ending on the nth inst. was
AZ fellows. General merchandise imports, In
cludiDg dry goods, 1921 .sss: produce exports.
90 ,583 lgT and specie exports, $1,000 The total
imports since January this year were $780,
ss3 21t against s2se b3l122 for the corresponding
period last year and s3lo, $685. $50 In 1875 The
total exports OF produce since January were
s2so,si7 ESQ., against $3.50, 1911 AIS for the same
period last year, and s24t 9i4 1877 In 1875. The
total exports of specie since January were
ss1 42s ss against s42 9T2 ATT for the same period
last year and se7 sse, o3l in 1875.
The accounts from the country concerning
the sugar prospects continue to be discourag-
ing. rho warm, soft weather has played the
very mischief with the canes. and henceforth
only moasses can be expected TO be made.
From two planters on the coast we learn that,
within the past week, such have been the dele
feriouE effects of the weather, their windrowed
cane will NOT make sugar and their standing
eane will not make molasses. The curtailment
of the sugar crop of Louisiana is most serious
and lainentable disappointment. ~. early In the
season. our planters INDUCED in high hopes o.
q large and most remuneraive crop. Sugar
planting In Louisiana is. at best. mos preca-
rious and unsatisfactory business.
The San Francisco Bulletin has been noting
the advantage aecruing from steamship service
between that port. Australia and New Zealand.
The total exports from California to Australia
for the first ten months of this year amounted
TO s7u7 900, against $4,000 for the same period
last year, and the total TO New Zealand s1sl 900.
against si0s,o0o last year. The Bulletin uues-
lions If the Pacific coast is more benefited than
the Eastern States In the direct results of quick
mails and freights on the Pacific. II says:
New England is buying Australian wool. and
New England cassimeres and tweeds are com
sraltas. Hallway carriages from Troy. New
York, run on Victoria railroads. American
pianos are IN Australian homes, and American
silver and plated wares are on Australian tables
wbilaAmerican sewing machines are going there
Liz large numbers. The tide Of travel between
China, Japan Australia aud New Zealand and
Europe is largely turning via San Francisco
following the quickest mails. Interior indus
tries supported. by the Pacific trade are already
demand S Tor on eoons +
liahed and growing, and the East Indian ports
are developing trade IN these goods that
threatens the supremacy OF England.
The Director of the United States Mint re-
ports that during the year ending June 30 the
value OF bullion deposited and purchased for
coinage was $50. 533 ,0oo-$4s. 7ss 900 In gold and
81. 600 In silver The total coinage was s72.-
600, 400. OF which s44 1913 1879 In gold Between
January, 1875, and November. 1877. the govern
meDt bought 2s,7o7 1884 fine ounces of silver ut
the average cost of lis $40 cents per ounce
The average London rate during the same Pc
Tiod was 100 $40 cents per ounce. The coinage
from this purchase amounted to 800. COS 1888. Civ
ing gain to the government Of s5,s6e714 The
ductuation In the London price Of silver ranged
from lo2Ts cents per ounce July 10, 1885, to 1884
cents December ID. 1876 The average value Of
A12k grains, the old silver dollar was 81 45 cents
July 10. 1876. the old silver dollar was worth In
London 1926 cents. and on December IA
of that year 99.19 cents. The average rel
sAtive value Of gold to silver was II
TO I7.4s. ranging from to 2o.17 to 1911. During
the first six mon tbs of 1877 the London value in
eur gold OF an ounce of silver varied from 127 90
cents, January Is. to ll72s. June 81. The aver
age annual production of the mines Of the
United States is given at ssl $50 s4s 100 200
gold and $50 $50 900 silver. The two mines Of the
Comstock lode have yielded. since their discov-
cry In 1874 to October 81, 1871 s.s52els and are
now producing nearly three millions per
month. The total estimated amount OF gold
coin and bullion in the country Is sl92 72o. 900;
silver. $50 .ooo total s242 1856 o0o showing an
increase over 1879 Of SOL i7s,ooo. BY adding the |
increase from last June to November the total |
OF metallic money resources in this country is |
about s26l 100000.