davidaulloa/AmericanStories huggingface dataset:
The New Orleans daily Democrat., 1878-11-08

reached but passed the specie level, ana were
on the way toward that hard-pan OF prices,
the lowest point ever reached IN this county
since 1926, which was touched only Id 1913,
and from which the upward rebound WAS 81
rapid In the years 1844-4S.
It is well known that there has been con-
siderable farther decline In average prices
since May 1, but perhaps the full extent 1i,od oi
the change may not be gencrally reailIeu.
Wheat, selling at II cents for NO. 2 at Chlca-
90, has touched the lowest point known lor
many years. 1t is twenty-seven years since e
the price has been as low IN THIS Market aS az, ~
was last week. Excepting in June, 1861,
corn corn has not sold in this market as
low as 46 cents since june, 1S45, and
The only previous quotations as low
were in July, 1923, and January and Febru-
arv, 1926 1t is twenty-three years since cot
ton has sold as low as it sold last week:
| Mess pork has not sold as low as it sold last
week since june 1874. These striking 1acts
have suggested q preliminary, comparison
of prices in advance of the usual halt. yearly
review which we shall prepare in No
| vember. The method pursued Is the one
repeatedly explained heretofore, viz, guantl-
ties of each article corresponding as closely
as possible to the quantities believed to enter
| into commerce throughout the country are
supposed to have been purchased on the tWeil-
tv-fourth of October, and at other dates men
tioned. at the wholesale prices in the New
York market. Without giving details at thls
time, general results may be thus stated
| The assumed quantities Of about fifty Leading
articles of commerce could have been pur-
chased here, May /, 1878, for s., ,974, 700, 900,
and could have been purchased October. "a,
1878, for about ST., 178O0O0O, o decrease or IL
per cent The comparative cost OF some OF
! The leading classes Of articles at the dates
named, and in 1860 may be shown In millions
The New Orleans daily Democrat., 1878-11-08

These figures, for which only approximate
correctness is ciai med, as they may be modi-
fed upon more extended comparison OF quo
tatioDs, point to the conclusion that the gen
eral OF prices Is u per Get M lower e noW
lower now than 1t was in 1860. But it should
be stated that the figures for November J.
1860, have not yet been prepared, ana inc
com parison is, therefore, with the quotations
Of Nav l. 1860. The advance in the general
average OF prices from that year to 1864 was
as was shown two years ago in this, journal,
about l25 per cent, SO that 500 would buy as
much in 1860 as could be bought OF the same
articles in 1864 for 1926: From 1864 TO 49,
| considerable; on the first of May, 1873, it is
| estimated that S132 would have purchased as
much Of the various articles quoted as
| could have been purchased with $225 In 1864.
| In 1876 the decline had proceeded much 1ar-
| ther; it was then calculated that SIP was the
equivalent in purchasing power, of Sl0O in
! 1860, or 1925 In 1864 IN May last the average
of prices had fallen below the Level OF l96o,
and S93 go was the equivalent OF Sleo on the
old specie basis. Now, If these computations
are correct the decline has been so great thas
| $S1 40 will purchase the same quantities OF
over fifty articles quoted, at wholesale rates,
rs could have been purchased in 1860 with
S1OO It is of course understood that in all
these comparisons the quantities purchased
Of each article are supposed TO !; pe p[opor- ,or
ing into commerce, and not to the quantity
entering into domestic consumption. ,
| If we have so far passed "the specie basis,
on the downward movement Of prices, what
is to be expected for the future? No reason Is
perceyed for expecting a general upward
movement until alter resumption has either
been accomplished or has failed; Even then
the changes may neither be rapid nor easy tc
predict. 1t will be observed that, while the
extreme low price of agricultural products
causes the entire difference in average prices
between 1860 and 1878, the prices OF all othel
articles quoted in the aggregate, are st,l
somewhat higher than in 1860 AS usual tn
main difficulty is in securing an equable al
iustment of prices to the specie basis, ant
this does not yet seem to be altogether &C
complished, nor can it be fully white two dis
turbing forces remain. Those forces are
tion and. second, interference with prices b.
government through tariffs designed to ham
per free exchange with foreign nations.
The New Orleans daily Democrat., 1878-11-08

Total thus far. S4,34G,98S IA $52G646 "
We quote exceptional paper 1908 p cent;
do 9@1O: second grade do o.: loans on COL
laterals sos; Al mortgage paper 8h@lO; Sec
ond grade do % U cent per annum.
Gold is quiet.
Foreign Exchange steady.
Sigh In light request.
State Consols firm at 75A@7G.
Premium Bonds steady at 29h@3o
Stocks doll.
Gold opened In New York at 1904 and. closed
at 1O0A. Here it opened at 1oO7s@1Oo7s, ana
'STEaLING-Bank bills -@481: commercial
477(Q478.
FRANCs--Bank francs -, commercial 5.27h
SIGHT-Bank counter rate II p cent, COM
mercial d p cent discount.
NEW ORLEANS STOCK EXCHANGE SALES.
FIRST CALL-1O A.
States 751s@757s: Premiums 292z@29zs.
SECOND CALL-12 NJ.
50 shares Mechanics and Traders Insur-
ance Co 40 w
States 757S@75N: Premiums 292S@3o
THIRD CALL-2P. M.
s15 900 State Consols (S 6O). 75a
States 75&@76: Premiums 297a@3o.
[By Telegraph
New YORK, Nov 7-Money closed easy at 3h p
cent. Exchange heavy and lower at 4S07ag4s57a.
Gold opened and closed ut 100A: Governments
closed strog; currency 6s l2l1s g122 OH9n
ing funds 1O725@1O7h. C-ntrals 107 A@107>&.
Clearing House statement - Currency ex-
changes, $80.74l $50; currency balances. $685.
COG.
Gold clearings at the N. B s., N. Y.-God bal
ances. So. 1893. .684; currency balances, S2356.ohl
gold clearings s14,O-8 900. State bonds-Tennes-
secs sold at 80 for old and 25h@253s Tor new
The New Orleans daily Democrat., 1878-11-08
MARKETS BY TELEGRAPH.
By Atlantic and Pacific TELEGRAPH ComDan
EBDFss GaC1Cs

New YORK. Nov; 7. II a. ,m.-Coffee quiet;
mids quiet: sales $50 Maracalbo: sugar ga
basis 715@72S for refining fair to good fair. Re-
fined sugar steady. and in fair demand. Mo
la.ses dull; English islands 3o945, New Orleans
12:4o D. Notwithstanding e6@s1. winter $50
81 OF; Corn--46A@47, 44@46,s: Pork s. 1908 So
CHICAGO. Nov. 7, 900 a. m.-First Call-Pork
Sc 1906 TAX December, ss o23z bid, s8 o5 asked
January. So Il 1a9s Is Febru try. Lard 5.727s@
5.72h@5.75 seller year, 5 90@5,92R January. 6 bld,
e.o5 ked February. Dry salt meats-short n rlb
cember. Corn opens at s22s asked December.
Union Stock Yards-Estmated receipts OF
hogs $4,000: off 3ial yesterday 81 col; do ship
ments 1888 Receipts Of cattle $500.
2:3O o. -Wheat-9o4 bid November, s2A
bid December. 83A January. Corn-3lA Novem-
ber, 3lA Decembers 315@ January. Oats1Il9%
The New Orleans daily Democrat., 1878-11-08
The apple crop this year is immense beyond
Prices Below The specie Level.

L4V6W lUTK EUUIEU.l
Prices have tended downwards very rapidly
since May /. At that time it will be remem-
f,pred, In an extended review of the changes
in prices since May, 1877, we noted a general
decline, and gave full tables showing that the
average quantities of the different articles en-
Taring into commerce being taken into &C.
count, was Ga per cent lower than the aver
age in 1860. In other words, we had not only
The New Orleans daily Democrat., 1878-11-08

Net receipts since Yesterday. ........... I1,777
Receipts from other norts. .............. 1,433
Net receipts last Thursday. y............... 5,16l
Net receipts same time last year. 3,o42
Met receipts since Friday. 25 o52
Net raceiDts same time last week. :. .... II OCT
Me- rnceiDts same time last year........ 46 238
Net receipts since September 1.......... 11G,113
Net recejnts Same time last year.,...... 1853
Cotton on shipboard as per account OF the
Cotton Exchange Is as follows: Liverpool 4546,
Havre 8712 Bremen $685. Mexico -. Spain 1l5,
Baltic ports l2 114 Mediterranean 2O62. North SEQ
427 coastwise - bules; total 34,273 bales. This
taken from the stock at noon. as noted at the
Exchange, leaves in presses 34.h49 paes,
The receipts at all ports. consolidated. as per
kilograms to the Cotton Exchange show totals l
from noon Yesterday to noon to-day Of 81 808
hales aeainsf 81 s24 same time last week, 22037
last year and 27 1878 the year before
The movement at ports for six days up TO
N ", todov ;s given below:
The New Orleans daily Democrat., 1878-11-08
OFFEE-Is quiet and unchanged.

CORN-Good supply and quiet. White b5c,
yellow 55c y bushel. Sales yellow at 55c;
$50 white at sec.
OaTS0Are qu ct but steady at 34c u bnshel.
BRAN-Is in light request and steady at 727ac
y cwt. Sales-4O0 at 72c: 100 at 727sc
HAY-Flrm. Choice sl6@l7. prime s14h@15h y
BULK CORN--There is only moderate in
quiry at 45046c for No. mixed.
at a4a 95c for Texas and choice No. Western.
WHISKY Market qniet and steady, we quote
choice Cincinnati 81 080l %. fair to good west
BUTTER-DuIl New York creamery fine
27@28c. New YORK dairy prime 23@25c, New Yor-
dairy good l7@19c, Western creamery 25@28c
Ohio factory 8@o1<c % ii.
STARCH-[n fair demand at 3@3Ac In lots.
POULTRY-Old chickens So so; young 50 50
az IS ducks 50 5O(93; geese $5@6; turkeys 81
'iS EGGs"Western 6 sS1Vs: 15@18c; Louisiana 25o p
RICE-Q Quiet. Prime e@s15c, good 5Mc, fair
and No 3@315c . H:
SALT-Messrs Jackson & Manson have kind
ly furnished US with the following quotations
Demand limited Stock ample. Three cargoes
have arrived and are stored in bonded ware
house. We note sale u one cargo. al coarse
at toe p sack afioat, and another on private
terms. We quote dealers rates from Wareh0use
at 771z@80c p sack for coarse. 95cC9s1 for tne
Turks Island neglected; quoted nomlnaIlly Igat al
FISH-Messrs. G. q. Lawrence & %, have
obgngly furnshhedd nf VIII the 2fa foN4Hne NV ne
| Bbls SIS. halves 50 50, qucrters IS. kits 50
mnckerei No 1-Bbls sl2. ha,ves s6 25, quarters
8 25 kits s. 25 mAckereI No. 2-Bbls slo so h2veS A
large-Bbls So halves 81 49, quarters 50 60 kltS
81; mackere No. 8, medium-Bbs, Sc So halves
| So SO, quarters So. kits csc: mackerel NO: :
small-Bbls IS. halves 50 rs. quarters 81 rs, Kits
The New Orleans daily Democrat., 1878-11-08

The New York journal of Commerce states
that gentlemen who have critically examined
the reports of the Western Union Telegraph
COMPANY. regard as absurd the assertion that
The stock is to be increased to $50, ,00O 900, and
that per cent dividends can be paid upon
that capital. An expenditure OF at least
$15O0O,0O0 has been made, says the journal,
In order to preserve the monopoly which ex-
lists to-day, and prudent management would
suggest that @ sufficient reserve DE left on
hand to purchase any new inventions or to
absorb rival lines.
The New Orleans daily Democrat., 1878-11-08

state Consols ruled firm yesterday at
i51m76, against 751s@7524 on Wednesday
rernium Bonds were steady at 291aS9'o'
gainst 201 a02924 on the previous day. 1he
ales at the Stock Exchange were $25,ooo OF
tate Consols at 75a4.
The New Orleans daily Democrat., 1878-11-08
numerical and Financial Matters

Fne steamboat Chouteau arrived mere Se7.
day from up the river with 50oo t'ales VI
Hon. the largest load OF the season mus lar'
The New Orleans daily Democrat., 1878-11-08
ANNUAL STATEMENT
OF THE
NEW ORLEANS INSURANCE COMPANY.
UP to December BI, 1877.

RISKS. ,.........-.-. SSb,O57 80
Return premiums. 1880 18
Reinsurances. ............... 2O.742 So 1890 10
Net earned premiums. s2s1. .7es
Add interest and salvages.-...... 41,s29 81
ssos.Bs9 40
DEDUCT
Fire losses. ...Ss6,A AIT S5
Marine lOsSes.... II. .722 90
River losses..... 1890 85- 800 AGO 20
Rebate &C. Is percent.... 46.4e9 oA
Genera expenses. 54,214 40
State and city taxes and
license. ....,......... 10.242 10
Board of Underwriters. s.... 6.759 55- 1sA,17s 4B
Profit for the year .s10o &1e 81
Deduct
Profit and loss. ............ 58.606 %
Dividend. June
80, 1877......... .s25. 900 90
Dividend, De-
cember 81, 1877. 1900 CO. 10000 90
Balance..... ,,..........-.- 800 &c. 109.415 "a
ASSETS OF THE COMPANY AT THEIa
MARKET VALUE
Cash In bank $58.065 76
Real estate. ..s............ 118.276l'
United States Gold Bonds,
New Orleans City Rail-
road Company. Jackson
and Great Northean Rail-
road Company tlst mort
gage bondsl. Bank and
Insurance stocks and
Louisiana State Consols. 195sso "A
Bills receivable (for pre-
miumS) ......,.......... 11t42o 36
| First mortgage notes and
| pledge notes. ...-....,.. 166.523 "a
| Premiums In course Of col
lection. 70210 g--S619,6 1916 40
The above statement is a true and correct
transcript from the books Of the company.
J. TUYES. President
J. ". HINCKS. Secretary
Sworn to and subscribed before me, this six.
teenth January. 4. D. 1878.
JOHN LAREsCHE.
Third Justice Of the Peace.
| at a meeting OF the Board OF Directors held
on the tenth instant, 1t was resolved to pay the
mi-annual interest DIVIDEND OF FIVE PEE
CENT on the capital s2ock to the stockholders
Or their legal representatives. on and after the
j. W. HINCK5, Secretary.
New Orleans, January 49, 1878.
DIRECTORS:
Ernest Merilh. H. Gally.
Charles Laftte, Ant. Carriere,
Charles E. Schmidt, jules Ald1ge.
! D. Fatio Pierre Poutz.
a, Schreiber. Jules TuVes.
| ia1e
The New Orleans daily Democrat., 1878-11-08

The above statement Is a true and correc-
transcript from the books Of the Company.
THOS. A. ADAMS. President.
HENRY Y OGDEN, Secretary.
The New Orleans daily Democrat., 1878-11-08
FINANCIAL AND COMMERCIAL,
MON ETARY ".

OFFICE NEW ORLEANS DEMOCRAT.
Thursday Evening. November 7. 1873
NEW ORLEANS CLEARINGHOUSE.
The New Orleans daily Democrat., 1878-11-08
COM WI 4 ERCHAEI.

OFFICE OF NEW ORLEANS DEMOORAT,
Thursday Evening. November 7. 1878. J
COTTON-There was a fair inquiry to-day.
and the sales aggregated 1850 bales at un-
changed figures.
The following is the official closing of the Cot
The New Orleans daily Democrat., 1878-11-08

The New York Herald says that we pay for
peace and good will, and that when our fish
ermen are robbed and their property de-
stroyed, and themselves driven from the
fishing grounds, it is the duty Of the British
government, with which, and not with New
foundland, we have a treaty, to see to it that
She perpetrators Of these outrages are
promptly and signally punished, and that q
British man of-war shall, II necessary, pro-
tect our fishermen in the exercise OF their
rights. -
The New Orleans daily Democrat., 1878-11-08

The directors Of the Chicago Board OF
.ade Friday suspended several OF the mem
rg for twenty-four hours for dIsorderly CON
act On the floor of the exchange on Thurs
III afternoon. The gentlemen suspended III
Ide three or four prominent members ana
I'D understood, an ex-directOr.
The New Orleans daily Democrat., 1878-11-08

& & During the past three or four days there
/ has been O. marked Improvement in the retail
trade of this city, as is evidenced by the large
attendance Of customers at the stores on
Canal and other principal business streets
The continuance Of the quarantine RESTRICTIONS
at many of the points along the river and III
the interior has prevented thus far any great
revival In the wholesale trade. but our mer-
chants are confidently looking forward to an
early i'm provement and lively times ahead.
The New Orleans daily Democrat., 1878-11-08

--llast Friday was field day In the 6alVes-
cotfon market. The receipts amounted
aDver 5000 bales, the exports exceedea 'oo'
a the sales were over 5000 bales. freV'y
I'D for little Galveston.
The New Orleans daily Democrat., 1878-11-08

OMAHA RHUBARB WINE,
a valuable aid In case Of
Indigestion and all Stomach COMPLAINTS
q Purifier of Blood
This wine contains in an agreeable form all
the medical properties Of the plant from which
1t Is expressed, the valuable qualities Of which
are we'll known to physicians.
that this wine possesses all the fine aromatic
and stomachic properties for which the plant hag
been esteemed It's benefits are decided and
healthful. It's use is strongly recommended to
persons attending sick rooms. as 1t Is believed
to be preventive during prevalence Of fever
and other Infectious diseases
Put up In pint bottles, champagne style. With,
two dozen In a case.
The New Orleans daily Democrat., 1878-11-08

Sworn to and subscribed before me this
tWenty-second day of May, 1875
ALFRED INGRAHAM,
The New Orleans daily Democrat., 1878-11-08

The Board Of Trustees this day resolved that
after paying the annual dividend of TEN PEB
CENT on Capital Stock Of Company, that g
dividend of TWENTY PER CENT In cash be
paid on Monday, June 10, to those parties On.
titled to receive the same.
The New Orleans daily Democrat., 1878-11-08

The movement of all grain in bushels by
rail and by lake, during the four weeks end
Hng September 29 and the three weeks ending
October 10, shows that the entire movement
this year since September 1 has been greater
by 100000 bushels than that OF last year,
Notwithstanding the enormous crop OF 1877
came forward with unusual rapidity, and
speculators insisted, as late as the end OF
August this year, that the wheat crop was
small
The New Orleans daily Democrat., 1878-11-08

Another period of idleness and distress,
with no prospect Of q gain In tho long run
lhat shall compensate for the intervening
loss, Is about to be inaugurated in one of the
English cotton manufacturing centres, The
"a operatives on Saturday voted unani-
mous1y to resist the reduction Of 10 per cent
Edeereed by their employers, and 10000 opera
faiyes and 100000 spindles will remain idle
unless one or the other yields.
The New Orleans daily Democrat., 1878-11-08

During the winter of 1877 the packing
buses of Chicago used up 2,5o1, ,285 hogs, ana
t1rfng the past summer 2,093,00O, making the
Unprecedented total Of 4,5o3,0N hogs packed
1.-THE city in one year, being nearly 1ooo,ooo
aore than the previous year. The number
mi be larger next year If present indications
I'D rnneints 90 for ANYTHING.
The New Orleans daily Democrat., 1878-11-08

The steamship Remus, which cleared hence
1etober 26 for Rotterdam with cargo OF
D.2g5 bushels of wheat and returned on the
;wenty-ninth ultimo in distress, cleared again
yesterday with the same cargo. On Wednes-
Iay the steamship Vanguard cleared for LlV-
srpool with 2o,o33 bushels of corn In bulk as
mart Of her cargo.
The New Orleans daily Democrat., 1878-11-08

The Secretary Of the Navy estimates the
aiue OF the yards, buildings, machinery,
hips materials, supplies, real estate and
very other kind Of property connected with
he Navy Department at anywhere between
noe. 600 900 and $50, 10000. The value OF the
s,ips Is placed at only $50, 1000, ,0o0-much sack
o so small quantity of bread.
The New Orleans daily Democrat., 1878-11-08

Mayor Pilsbury has sent to Secretary Hes
6er. to receive signatures from the members
at the Cotton Exchange, paper compliment
ing In deservedly high terms Mr. D. Il. CLARK,
The superintendent of the Chicago, st. Louis
and New Orleans Railroad, for the many
eourtesies and accommodations he extended
Ito the afflicted people living along the line Of
the road during the prevalence of the epidemic,
The New Orleans daily Democrat., 1878-11-08

Raceints ut ports since September II 144 500
Reoeints Same time last year ...,.'-- S8g9l1
Raceinte same time year before. ...... i 1l9 1875
The consolidated report for six days gives
exports to 1 rro.a, u+oo,s
rhis vveek. 52351 1854 1869 1856 479332
Last week.. 54,457 8,h9S 2e,4tI 5,ooo 4z''''o
This week last o o-, ,o, r4o
Richland beacon., 1878-05-25

ua, Gideon, David and Solomon hav,
seen the rise, grandeur and rapid fal
of Nineveh, Babylon, Memphis
Thebes and Kranac. The son O
Shem might have rested under it
palm trees and eaten fruit from its or
chards, and watered his camels from
lis wells. Cyrus, the great Kin.
camped under its walls. and Alexan
der IN bis conGuests rested within it.
gates. 1t has witnessed all the grant
and remarkable events that have tran
spired on the earth since the time O
". the son of Aram.
Other cities have been so entirely
destroyed and obliterated that their
very situation and even names are
matters of doubt and fable.
Every belief, and religion and faith
that ever appeared in this world could
have been witnessed by citizen of
Damascus from the time of Job and
the ldumean shepherds 10 our own
time. a citizen of that city might
have spent several pleasant days with
the old nabOb Job, and handsome.
faclnating, fast Young citizen might
have fiiried with his lovely daughters.
and taken a pleasant Sunday even
ing camel ride through the forests.
and talked love beneath the silver
moon under the shadow of the noun
talns. These young lovers could have
told in unbroken tradition the history
OF creation as banded down from
Adam.-They could have painted to
them the lovely garden and the match.
less beauty and ariless charms of Eve.
The teri Ors of the flood would be fresL,
IN the memory of the older citizens.
Damascus could have handed down to
our own time a tradition from crea-
tlon repeated from generation to gen.
Grafton. Some of the older citizens
when the city was bull, could have
talked with Sbem, and he with Noah.
and be with those who had conversed
with persons who had talked with
persons who knew Adam.
How wonderful, how astonishing,
how almost incredulous, that CITY |
now large and important should be q
link between US and the
first man Adam.
There are men there now living
who are following the same calling
md living upon the same land that
heir ancestors settled near four thou
'and years ago. They show walls
md wells and trees that tradition tells
we're there before AbraEam's dav.
What a wonderful history, and the
mind is overwhelmed by the rush of
Mighty events.
Richland beacon., 1878-05-25

He alled for the senior and Junior
wal deus. who bad neglected to guard
the door, ana found them absent.
Alter searching some time he found
where they were hid, and demanded
OF Adam what be was doing there in
stead of filling his official position.
Adam replied that he was waiting for
Eve to call The craft from refreshment
to labor again. and that the craft was
! not property clothed. which they were
making provision for. Turning to-
Eve be asked her what she had to
offer in excuse for her unofficial and
unmasonic conduct She replied that
fellow passing himself as a grand
lecturer had been giving her instruc-
tlons. and she thought it no harm to-
learn them. The Grand Master then
asked her what had become Of his
gavel. She said she didn't know, un.
less that fellow took it away.
Finding that Eve was no longer
trustworthy and that she had caused
Adam to neglect bis duty and had let
IN one whom he had expelled, the
Grand Master turned them out and
set Tyler to guard the door with a
ilamlrg sword. Adam repented his
folly, went to work like man and
good mason. in order to get rein
stated again. Not so with Eve; she
got angry about it and went to rails.
ing Cain. Adam, on account of his
Information, was permitted to establish
lodges and work in the lower degrees;
while Eve was allowed to join him
in works Of charity outside, she was
never again admitted To assist in the
regular work Of the craft. Hence the
'eason why woman can not become
IN inside Mason.
Richland beacon., 1878-05-25

The AttOrney-General decides Q
Postmaster can not withhold from The
mails letters supposed to contain ad
vertisements of lotteries, for the
reason that under the Revised Stat.
utes, except in the case of letters on
which postage has not been prepaid,
there is no power conferred on post
master to withhold letters from the
mails. He further states if the post
master-general is satisfied by evidence
that any person is conducting any
fraudulent lottery through the mails
ne may instruct the postmaster at
any olhce at which registered letters
arrived directed to any person to re-
turn the letters arrived directed to
any person to return the letters to the
postoflice at which they were mailed.