The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-04-25

] Commercial and Financial Matters.
The New York banks now hold si7572,s5o
above legal requirements.
The valuation OF the taxable property OF
St Louis Is about $1sO,0OO,OO0
Tennessee has 29,000,000 acres Of land, with
/ GOOo,0O0 only under cultivation.
The shipment Of boots and shoes from man.
afacturing points in Massachusetts In March
was quite large.
A New York auctioneer sold, on Wednesday
OF last week, $780, OOOof the State oil Georgia
war bonds for s41s 40.
"What Is the annual grain crop OF Ken
tucky?" asked foreign tourist Of Bourbon
Kentuckian II can't exactly say" was the
ready reply; "but it's enough to make all the
whisky we want, besides what is wasted for
bread"
The hard times falling upon cities are tell
inp more severely upon their fire depart
ments than upon any other. The Chicago
fire department Is terribly demoralized, and
phi,aaelphja Ia not much better. New York
and Boston are following In the same track
For the first fifteen weeks OF 1878. there
were "a, SCI packages OF dry goods shipped
to foreign countries from New York. In the
same time 16,151 hogsheads and 1898 bales
and cases of leaf and 1904 pounds OF
manufactured tobacco were shipped from
that port. -.
IN former years large portion OF the toys
used In this country came from Europe. NOW
the trade is the other way and theOld World
ia buying largely from America, not only the
peculiarly American inventions, but also the
toys which formerly were made abroad. The
export trade In toys, which amounted last
year to over 100000, began FIVE or six years
ago.
In Virginia City, Nevada. 1t Is unlawful to
inquire more than 80 per cent Of the fair, rea-
sonable market value of any property, or to
Kermit any insured building To remain I'M
oceupied. unless Waterman is kept In or
around such building from o'clock p M TO
o'clock d. m. The idea Is TO prevent incen-
sdlarism suggested by over-insurance, and YIN
productive property
Wooden ships can now be built cheaper IN
orr Eastern shipyaids than OF any former
period In the history OF American ship-build-
iur. and cheaper than the same class OF ships
can be built in other parts OF the world,
namely, $40 TO $45 per register ton ready 1or
sea. The iron ship builders on the Delaware
claim that they can now successfully COM
r,eta with the builders Of iron ships In Great
Britain, but there is some doubt about that.
One OF the items of the cargo Of the steam
ship Gillian, which cleared yesterday for Liv-
erpool. was $4,000 bushels OF corn In bulk
This shiument about clears out the stock oil
hulk corn at this port, though $1,000 bush
els are expected to-day on the steamboat Flu
lure City and barges from st. Louis. Our
Western friends can confidently rely upon
the prompt and expeditions forwarding OF all
the grain they may send here for export TO
foreign countries
The gross earnings of thirty Of the leading
Western railroads In March, as compiled by
7 the Financial Chronicle, amounted TO $500,
2s2. showing net increase of $751; 69 Only
seven OF these roads showed any decrease and
that was small, aggregating only $60,95S.
The increase was largely and chiefly on grain
CARRYING roads. The earnings for the first
euarter. January to March 81, amounted to
$21. 134,745, which Is &c. 100, 1913 more than last
year. These statistics show that the railroads
are doing more business, but as the increase
In earnings Ia chiefly the result of larger grain
movements, IL does not indicate that there Is
much increase in the general business OF the
country.
Apropos OF an article published in this
column Yesterday in relation TO the introduce
ton In Congress OF bill authorizing all rail-
ways to operate telegraph lines along their
routes we may mention that q case was re-
Gently decided by the Supreme Court OF the
United States, at Washington, that shows the
operation on the judicial mind Of the condi-
tions imposed on State intercourse by means
OF railroads and telegraphs. The case was
contest between two telegraph companies
the Western Union Company and the Pensa-
cola Telegraph Company. The law OF Florida
had granted to the latter company exclusive
telegraph privileges in that State. The court
held that the business OF telegraphing falls
within the provisions OF the constitution
giving to- Congress the fright to regulate
commerce that the telegraph has become
Indispensable to the business OF the world
both as to private persons and governments
and tnab IL CANNOT be )iInlteu Vi TeberlGted ".
State law, as attempted by Florida. TIL
Western Union Company had erected it
poles and stretched its wires along the line
of the railroads on which were Transports
the United States mails. This latter fact ha'
something to do with the decision Of tn
court. ..
The Boston Advertiser OF the seyenteent
instant has the following relating TO the boo
and shoe market:
The shipments Of boots and shoes from thi
market to places outside Of New Englan
during the last week has been "a, 34S cases
against 2s,304 cases for the same week las
year.
The total shipments OF boots and shoe
from this market since January are 47o,2lt