The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-04-06
tommercial and Financial Matters.

COmmOrCtal An0 flnalClaI mAJI0Tb.
M state Consols the sales amounted to
x4s2 900. at prices ranging from 745s to 75A.
Df Premium Bonds $4,000 were sold at from
a5 X to 551<. The sales Of stocks footed mp
1874 shar es, including 10 shares of Tentonia
Insurance Company at 81; II of Mechanics
and Traders Insurance Company at 74ts and
157 shares Canal Bank stock at 91H.
The Cotton Exchange of this city have ap-
pointed special committee, consisting Oh
Messrs. j. i. Harris, r. l.. Airey ana ". a.
Given, to confer with the Mayor as 10 the
proper and most ef1icacious steps 10 take 10
have an adequate amount Incorporated In the
river and harbor appropriation bill, now be-
fore Congress, for the Improvement OF the har-
bor Of New Orleans In this bill Memphis and
Vicksburp are taken care of, but our port, far
more important and needy in every respect,
il loft out In the cold. We earnestly hope that
the proper influence will be brought to bear
upon Congress whereby we can obtain o
noiety of the appropriation contemplated by
this bill. We certainly need and deserve it.
South Carolina supplies nearly half the rice
produced In the country. Georgia Is next, or
100000 pounds ahead of Louisiana. Nearly
all the rice comes from these three States
Chicago commission merchant has been
ut the pains to collect comparative statistics
as to the estimated amount of wheat that will
be on hand in tho leading warehouses in
Nebraska, Wisconsin, Iowa and Minnesota.
Twenty-one warehouses in Nebraska, nine
teen In Wisconsin-excusive Of Milwaukee,
fifty-six in Iowa, rty-four In Minnesota, q to-
tai OF $40 warehouses, reported 2,011 900 bushels
as the estimated amount to be on hand April
/, 1878. against 900 bushels on the cor
responding day last year, an increase OF
673,eO0 bushels. The same report shows de-
crease of 1,457 800 bushels in Milwaukee, and
1904, TIA bushels in Chicago, or 3452,604 bush
els in both cities on March 49, 1873. as com
pared with the stock on had in these cities on
the corresponding date in 1877. This report
also estimates that the farmers in the dis
triets in which these 140 warehouses are
located still have from one-fourth to one
third Of a crop on hand. Minnesota reports
the largest stock in warehouses; also the
largest roportion-one-quarter to one
half--of the last crop held by farmers. This
is by no means an exhaustive report.
Our wine importers are naturally very
much exercised in mind on account Of the fea
lures of the "Wood" tariff BILL now before
Congress, bearing upon this department o
trade The duty on imported wines is now
forty cents per gallon. The ordinary cIare
received here, measuring sixty gallons to ths
cask, pays, therefore, 1924 to the casl. This
wine does not cost, when purchased in France
more than $1s to $40, so it is seen that thu
duty is greater than the original cost. Thu
new tariff contempates retaining this duty
on ordinary wine, but imposes a tax on wines
valued above forty cents and under seventy
five cents per gallon, and on wines worth owe
and above 81 per gallon duty of 100 cents
This, Of course, is proposed in order to pro
tect our home made wines, and thereby shr
out foreign competition. But it strikes u
that the manufacture Of American wines ha
not reached that volume or degree of import
ance to require such a sweeping measure o
protection against the competition of wine
from Europe, which are SO largely consumes
by the people of this country, especially thos
inhabiting the Southern portion thereof
this excessive increase of duty, as contem
plated in the Wood tariff bill, should b
adopted, it would prove q severe and mos
disastrous blow to the wine trade of New Or
leans.
The records of the imperial statistica