The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-10-09
Commercial and Financial Matters.
The accounts from the interior In regard to
the crops continue to be most encouraging.

The accounts rom INC 1HL6TiOE LII EspaEu M
4he crops continue to be most encouraging.
This being fast day, appointed by the Gov
ernor. there will be a general closing OF ex-
changes. Cugtom-House and stores.
Nine national banks In Boston passed their
sl,vidends October |, and nine made reduced
dividends. The October dividends payable
In Boston amount to $4373,728, OF which the
banks pay $1,i5s,50o.
Forty-five millions Of pairs of sewed shoes
and 55.ooo.OOo pairs Of pegged shoes we're
made md sold by the manufacturers OF the
United States In 1877, and 85 per cent OF the
work done on these shoes was done by ma
Chinery. --------.
State Consols were steady yesterday OF 751s
G175s1S, against 7514 d1751a ON Monday, showing
a slipht decline Premium Bonds were easy
Mt 3t1a6a3tZs, the same as on the previous
day. The gales OF the Stock Exchange we're;
syonsoIs $4,000 at 75l4, and $4,000 Premium
Bonds at 31h. ..-.-.-
The decrease In the shipments OF currency
10 the country Is still o. feature OF local
finances. This, 1t LIZ claimed by the North
western CORRESPONDENT of the New York
Daily bulletin, "shows O healthy and sound
condition of the West. Soon after harvest.
Che great shipments of grain were made to
nay old debts and pressing claims. These
facts no longer exist, and we find that the
farmers are not obliged, as o. class, to crowd
their surplus on the market ut the present
dow prices. But, on the other hand, there
seems to be O good, healthy flow OF the crops
towards oil our grain centres'
Thirty failures were reported In New York
qlty during the past month, In which the ag-
rrepate liabilities we're $4,3O7 O72, with assets
estimated at 81. 7oa,41 This Is the smallest
record OF failures for any one month for over
m year past, and, compared with the same
month last year, shows decrease In the
number OF 80 per cent, the total liabilities be-
ing about the same figures. Twenty-Five as
sIenments were recorded, In which eleven had
preferred creditors, who took all the assets In
d majority OF the cases, leaving nothing for
the general creditors.
The recent orders Of thepostmaster general
sllat gold shall be considered maiable mat
Ter. are said to be causing great dissatlsfac-
zion among postmasters. 1t is felt that the
liability OF packages OF that metal to disas~
near from the mail bags is much greater than
shat of other matter and that the loss OF q
few packages on o mail route would be likely
10 bring suspicion upon oil the Offices along
she line. Some Of the postmasters also OPP
pose the shipping Of gold by mail on moral
grounds because Of the temptation 1t will put
ln the way Of honest and virtuous young
clerks.
The actual figures SO far summed up as TO
the liabilities Of the City Of Glasgow Bank
show the enormous sum Of $20,000,000 and
those of other banks and companies Involved
lin the failure foot up, SO far as heard from,
Sl9,0O0,D00. There are probably several mil
lions not In the estimate, many banks and
mercantile concerns that are deeply interested
not having made any statements. 1t will
probably be several days before any report OF
assets can be made. This Is one Of the most
st,1pendous failures on record. The total OF
the amount involved, furnished by the cable,
as above given, Is $39,0o0.O00, but other esti-
mates fix the limit ut S5O,000,000, which may
prove true when all the facts are collected
The New York Public publishes some COM
parative statements, showing an enormous
Increase In our exports Of agricultural and
animal products since 1873. The following
sable shows the quantities Of certain exports
during the years ending juno 30, 1878, and
June 30, 1878: