The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-06-12
Commercial and Financial Matters.

COmm0TClal anu FINANCIAL MaLCorS.
The bark Cecile Anger Croix cleared yester
day for Antwerp with 25,913 bushels Of wheat
In bulk.
Cincinnati Is the largest coal-distributine
point west of Pittsburg. Over 00O0, 900 bush
els Of coal were handled by the dealers Of
that city In 1877.
The shipments of butter and cheese from
this country to Europe are rapidly increasing
One day last week the steamship City Of Der.
LIN, for Liverpool, carried out 10000 boxes Of
cheese
The number of white and colored polls In
North Carolina who paid taxes in 1877 was
White 1O3,7O2, eolored 50, 1882; in 1876, white
103,2O7, colored $1,000; in 1875, white 99,427,
eolored 6O,755.
State Consols yesterday were stronger at
71@71A, against 707s@711S on Monday-the
sales amounting to $392,5Oo. The sales OF
Premium Bonds were $4,000, that class OF
securities being weak at 3O7s@31, against 310
3114 on Monday.
The camels imported into Texas from Afri-
ca in 1916 are doing well, and are found to be
very useful. Camel breeding in that State Is
said to be profitable. Some Of them will
travel 100 miles In day, and one made $50
miles In "a hours.
Taking the New York Wall street quota
tions OF stocks we find that the value of
twelve OF the leading railways In this country
has increased $146,OOO,OO0 from the lowest
point reached In 1877. This is very hopeful
sign Of the times.
As showing what may be done by iudicious
efforts to build up trade with friendly people
who desire to exchange products with u.s. it is
worth noting that in 1859 our commerce with
Japan amounted to just 1895. Now it amounts
to S1G,00O,000 annually.
AS the Postal Union has recently completed
Its arrangement for the new International
treaty and established its bureau OF manage
ment In Switzerland, 1t would certainly be
advisable that the department in Washington
should communicate the changes to the gen.
eral public.
We take the following extract from letter
TO a large cotton factor of this city, received
yesterday from Mississippi correspondent:
arrived home safely, and found the country
from Goodman to Walden, the county Carroll
deluged with water, and large portion Of it
had been visited by q terrible hail Storm and
exceeding damage resulting to corn and cot
ton; much of 1t irretrievably ruined"
Yesterday two vessels left here for foreign
ports with IL 800 sacks of Oil cake and 551s
sacks Of cotton seed. few years ago the
superintendent supply Of the seed OF our
deeey staple was regarded as worthless ex-
cept as o fertilizer; now it, with its manu-
featured product, has become most import
ant item in our export trade. Scarcely ves-
sci leaves for Europe that does not have as
portion Of her cargo cotton seed in some form.
The frequent and destructive disasters In
the coal mines In England show that the dam
ger line has been passed In the workings This
is another way Of saying that the quantity
Of coal required In England Is so prodigious,
that In order to supply 1t the conditions Of
safety are disregarded. Tt is said that the
coal supply of England will last several CEN
turtles, but the peril Of mining may become SO
great as to increase the price Of coal and
check It's consumption.
The st. Louis journal of Commerce says:
HThe shipments Of bulk grain from ST. Louis
to New Orleans from September 1, 1877, to
May 19, 1878, amounted to 4501 ,301 bushels.
These figures are certainly sufficient to con-
vince any reasonable mind of the great trans
portation route afforded, If capital can be had
to utilize it, This is only a portion of the
grain shipped down the river, since q large
business has been done from other river towns
above this point"
Some idea Of the enormous extent Of the
cereal products Of the West, and the business
resulting from it may be gained from the fact
that the receipts at single point Chicago,
but lately amounted to 100000 bushels
week. In one day more than million BUSH
els arrived. Fancy the amount Of capital re-
presented, the labor required, and the inter-
ests involved in handling 1000 car loads of
grain day, and we can have some notion of
a business whose grand annual aggregate al
most exceeds conception.
One Of the strange incidents that are
brought around by the whirligig Of time is
shown In the case of q man and his wife now
living in New York in utter restitution. Only
few years ago the man was one Of the noted
confectioners OF San Francisco, was worth
over 100000, employed one hundred persons,
gave $40 day to the poor Of the city, and
$1,000 year to the churches. Now he is DE-
pending ON the charity Of others for some
thing to eat. Dishonest clerks did it ALL The
story Is not new, but is none the less instruc-
tive as to the mutability of earthly affairs.
1t may interest some of the disconnected
working people in this country to know that,
according to a reliable correspondent of the
Chicago Times, common laborers in Italy are
working for Is to 80 cents day, and skilled
mechanics for so to rs cents. Provisions are
higher in Italy than in the United States,