The New Orleans daily Democrat., 1878-11-23
Gommercial and Financial Matters.

Commercial and Financial Matters.
The Austrian bark Limo cleared yesterday
for Havre with 1879 bushels Of wheat In bulk
The schooner Frederick J. Collins has
cleared hence for Havana with 1929 bbls and
1900 sacks Of -four.
State COnsoIs were easier yesterday at 77C@
77tt. the Same as on Thursday. Premium
Bonds were steady at 2o}4 002oH, against
2o940120i1 on the previous day. Tho sales
amounted 10 only $4,000 Of State Conso]s
Ton years ago over /, 900, 900 acres OF Ireland
were devoted to potato culture; now ohly
about $40 900 acres are thus eInpIoyed Inc
decrease is attributed to uncertainty o'
crops and The growing Importance OF cattle
raising.
Immiyrati0u statistics for the past thirty
Two years show that Ireland has sent us
ooo 600 of her jovul sons and blooming
dauuhtere md That 3 100000 sons and dauEh~
tors nr "Fa,Ierlond" hnvo found homes in the
United States.
Sheen h,lsbandry in Western Texas has
grown al marvellous rnto. In 1866 San An
tonic received but G0000o pounds of wool
wbilo In 1877 she received 2,000,00O In 1866
there were shipped from Corpus Christi GOO
600: this year there will be shipped G,5O0,00o.
Our cotton planters would do well to take
notice TINT bagginy in New Orleans Is now
10 lower than in ST. Louis or any OF The
other Western cities Now is the time for
our planting friends TO buy their bagging IN
this city For thoir benefit we throw out this
suggestion.
II Is understood in Washington that the
work Of re,Ieemng legal-tcnders in coin on
and after January /, 1870 will be confined to
the New York sub-trcasury alone, and will
not be undertaken at tho various Western
and Southern sub-rcasures, At tho latter
coin drafts on New York will be given in ex
change for Iegal-tendcrs, but tho coin ITSELF
will only bo paid out in New York, which
alone Is named In the resumption act us tho
place OF redemption
Tho N. Y. Bulletin states that lending Foreign
bankers, whlo approving generally Of the &C
tion Of tho Clearing II ouse on specie resump-
tion, arc yet doubtful whether the payment
of legal tenders in silver may not cause them
to deprccinte, In which case they would be
as heretofore. And among the larger import
ers adds the Bulletin. there is doubt whether
it would be safe to dispense with an available
fund of gold, until it has been ascortaned
how far tho use of silver may cause United
States notes TO fall below gold.
Tho now gold discovery In India is described
as follows: Within on area Of twenty-five by
thirteen miles ninety outcrops were discov
Orod Of auriferOus quartz from two to four
Eeot thick, yielding from q few pennyweights |
to two hundred ounces per ton. The richer |
stone shows, when broken, fine and coarse
seams and Jagged pieces tho size of q pea In
some reefs much Of the stone will probably |
not pay for working. but 1t Is believed that,
on the whole o very large and profitable in
dustry will be insured, with the aid Of capital
and good management, Wynnad Is healthy
and pleasant for Europeans nine months out
OF tho year, but fovors prevail during three
months.
About sixty years ago The paper mills then
in existence in tho United States employed |
5000 people, and tho annual product repre-
sented q money valuo OF $5,000,000. In 1880
the number of persons employed was about
10000, and tho value Of the annual product
was ~, ,O00,O 600, Since then there has been o
steady growth, with tho exception of the past
two or three years In 1860 the number OF
persons employed was $4,000, and the value of
the paper manufactured $2i 100000. In 1870
this amount had increased TO $48 43G, ,GG5, and
in 1872 the last year for which there are com
pLete records, the value of the amount manu-
facturod in 1000 mills, employing 10000 per
SONS, was $GG sos 1876. Between the years 1860
and 1870 thcrc was q general revival In the
book business, and the paper makers pushed
things with great energy.
New York and Chicago papers are deter
mined to convince the people who are seeking
homes in new country that the Valley OF
the Red river OF tho North will be tho great
wheat fold Of tho future. correspondent
Of the New York Tribune shows to his own
satisfaction that the wheat raised In that val
lev this year commands tho highest price of
all raised on our soil. Tho Tribune, moreover,
declares that tho increase in population has
boon SO rapid that tho whole valley along the
limo Of the railroad is already almost u continu
GUS wheat fold, md that beyond it lie vast
regions where soil and climate are believed
to be evcn bottor adapted to the cultivation
Of grain. This year, continues the Tribune.
moro than 5000 farms, counting 160 acres to
each person. have been taken along tho line of
tho Northern Pacific Railroad.
The Iron Age has becn at tho pains to COM
pile a tablo showing the value of the imports
and exports Of oil nations in 187G-cxcopt
Switzerland. From these tables we take the
following compilation, all sums being
In $1,0O0.OO0. thus 5,GlOA means
500, 100000;
Imports Exports Totals.
Europo ...... 5Gt04 4,i4G2 9,976,6
America ..,.... ?2b l,l212 Z,loOo
Asia ... 4SD0 Gl1.6 l,130G
Australasia .,.. 1888 22l1 dG27
Africa. ......... 13l,4 1865 29lu
Totals w T47O9 G,4S60 139GO.g
LII .itA11c Ia1.r is q fnlNNa,