The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-12-28


It Buffalo Bill Ia reported to be worth $100,000
already. He invests most OF his money In
! cattle. With the name he has adopted, one
! would naturally suppose he would take to
! i've stock OF some sort.
The Cotton Exchange presented O lively
appearance, and the members seemed to en-
Joy hugely the intelligence published on the
r. blackboard OF strong advances in the price
OF the heecy staple In Liverpool and New
York.
The receipts OF the conscience fund ut Wash
ysington are said to average $25 a Gay. This
| amounts to $9f25 per annum. Now, II five per
centum Of the money stolen Is returned, 1t
would indicate that nearly 100000, Is the
amount Of the annual stealings.
The New York Produce Exchange have sent
\ circular to oil the commercial bodies In the
United States, urging that the pound be taken
IS the unit OF weight In the sale OF oil articles
Of produce. and that larger transactions
should be indicated by the 100 pounds and
multiples thereof.
State Consols were irregular and easy yes
terday ut 69T169s4. against 695S0695s on
Thursday. Premium Bonds were quiet, clos
Ing at 25s4GD255s, against 251iD254 on the
previous day. The sales at the Stock Tx
change footed up $4,000 of Consols and
5$73,000 of Premium Bonds
The people OF New York State are again
surprised to learn. from official reports, that
there has been large excess Of expenditures
lover receipts during the last fiscal year, the
Ereceipts being $12, 359,o43 43, and the expendi-
lures s13,s24,594 H. showing deficit Of
81, 465, $50 6s. The deficiency is due to the I'M
Expected deficits OF the State Prison, amount
Ing TO $406 1876, and to the large amounts
aid out for the new capitol. 81, 075.7O0 The
ew capitol appears TO be almost bottom
Ss pit for the swallowing up Of taxes.
The receipts of cotton at Norfolk, Va, for
the year ending August 81, 1878, were 429 237
bales, against 509,6T the previous year, the
decrease being accounted for by the preva-
/ lence OF the yellow fever the past summer In
. the cotton States tributary to Norfolk, which
deprived that city Of very heavy shipments.
The total bales of cotton exported direct from
Norfolk to foreign ports during the year ag-
gregated 22o,664 bales, valued at s11 los, 156.
In the other departments OF trade the bust
While recently In New York city, Secretary
Sherman had a talk with bankers and mer-
chants about the merits OF new project, de-
signed to avoid the handling Of coin In the
payment OF duties at the custom-house.
The plan proposes that merchants, instead
Of sending In actual coin, shall draw checks
upon certain banks for each entry upon which
they wish to pay duties, the banks keeping
always q balance sufficient to cover the checks
In the sub-treasury. 1t is supposed that
under this scheme.the mercantile demand for
coin to be used in the payment Of duties will
almost entirely cease.
The st. Louis Republican OF the twenty
fifth instant says:
ssAn event OF the week has been the closing
OF direct river business at this port, the packet
and barge lines having withdrawn to Cairo,
where two lines OF railroad, the Southeastern
and Cairo Short Line, connect with them
respectively, and by which the lower river
trade Ia made practicable. The cut OF East
ern rail freights has ceased by a renewal Of
the pool and restoration for the present OF the
tariff OF November 25, and its rates are now
quoted as firm. The river Is now hard and
fast at this point"
The Chicago journals report the supply Of
hog product sof all kinds on hand In that city
as very large amounting to about al, 1000, 900
pounds. against 66,000,000 pounds year ago.
The stocks1 of hog product abroad are said
TO be liberal. and the quantity In transit
larger than usual at this season. The Chi
caQo Commercial Bulletin says
Packers have their product largely con-
tracted for delivery within the next thirty
days. Packers are manufacturing mess pork
quite rapidly, and the impression prevails
barrels. Other cuts OF pork receive very
little attention. as prices are low. Lard is
being made literally, as the demand for 1t on
urgent, Notwithstanding the heavy supply on |
hand. All kinds OF meats are manufactured |
freely. Green hams and shoulders sell read |
fly from the block for shipment during the |
cold weather, and there Is no accumulation in |
the supply. Long and short clear sides are
being made freely to meet outstanding obli- |
cations. Short rib sides also attracted con-
siderable attention, as the sales for future de- /
Other cuts of meats manufactured moderate
ly, but not in sufficient quantities to cause
any material accumulation in the supply.
The Richmond Dispatch, in announcing
that gold and greenbaeks are at par with each
OCneT, says.
There has been no time within forty years
when paper was at par with gold, except the
notes of few banks. So the present gene
ration may consider that they see now what
few of their predecessors in time have seen.
This equality OF paper with gold is resuImp-
ton, and, as the appointed time fer that is
almost here, there will be no surprise, since
resumption Is come before the day.
We are satisfied that the preparation for
resumption Is general and national, and we
<1n hon hat thara will no lie /
turbance in the even course of specie pay
ments But such has been the rigid process
of preparation for the time, that we certainly
can see no reason for apprehension OF any
disturbance to the easy consummatioR of
specie payments. and the steady course of
return to well settled finance and solvency of
government and country.
La this matter we aver, with perfect convie-
ton of the truth of what we say. that silver
has performed an important part and will
continue to nerform it. 1t will be a break