The New Orleans daily Democrat., 1878-09-24
Commercial and Financial Matters.

bs State Gonsols closed steady at 7sa4G74 against
MI y3A@7SX ON Saturday. z. 49, -
n The British steamship Muriel. which cleared
for Liverpool carried out 2s.424 bush
If els Of wheat In bulk.
On Sunday night two barrels Of new syrup
III were received by steamer st. Mary, from the
~ plantation Of Mr.. McGrath, back OF Baton
81 Ronge consigned to Messrs. I. l.. Harris Il Co..
III of this city This consignment the first By
river this season. was sold to Messrs. A. Thom-
9son & Co. Last year the first receipt of new
sss syrup by the river on the first of October.
s THE latest letters from Melbourne say that
the numerous unemployed men there have
i held street meetings and sent deputations to
1.-THE government. The London Times says
Il 4. The springs of prosperity were dried UP by
Y the drought OF last year." There have been
good crops In this country-that is not the cause
Y of trouble here.
I The st. Louis Times. of the twentieth instant,
@g gives the following among the shipments by
b river from that port;
A@ II. 9. Yaeger, for New Orleans, with $50 tons
sa35 pieces bagging. 23 sacks bran. So boxes
cheese, So bags coffee. 662 barrels corn meal. 98
MI 40 roo pounds lard rs sacks malt, 1919 sacks OATS
Hi 40 packages onions, 3G2 barrels pork, III 500
M pounds bacon. 57oo pouncs hams. "a packages
All potatoes, 68 barrels sugar. 81 boxes SOAP oil
Il III whisky
nj The Idaho mine at Grass Valley California
a must be pleasant institution to own stock in
#| Its yield for the month Of August was $50 600
III and the monthly dividend was s5 share
amounting to s15,4oo This is less than the
III usual dividend, owing to the heavy expenses
II the company have been at In providing new i'm
u improvements. Still, 1t is the one hundred and
rEaEtx mi ~
it'll and makes the total amount of dividends de-
Al clared and paid to stockholders So ooo 1t is
cheerfully stated that there is every Indication
II that the mine will continue to yield profltably
n for years to come"
VI The New York business men are complaining
III of the total cessation Of trade with the South
that is they are selling few goods. But they
ri are anticipating heavy sales of tickings, bed
clothing blankets. ETC.. after the first frost. The
South. despite the terrible plague that has laid
Hi its destroying hand upon her cities, Is teening
with wealth, and abundant crops will enable her
d to repay the generosity OF other sections. The
II sugar crop will perhaps reach 100000 hogsheads,
or GO 600 In value, In excess Of any previous
year. The cotton crop, 1t is estimated. will
reach 5.250.ooo bales. Our future commercial
prosperity seems to be assured. For the pro-
\ ducts of the North and West there will be eer-
tain demand, and reciprocal call will be made
for the staples Of the South.
In the past seven months emigration to the
II United States has increased 9OA7 over the emf
grafton for the same period of 1877. OF the emf
grants arriving at Castle Garden. New York, In
/ August. ireland furnished 1442; Prussia, 1921
England, 97T; Sweden, 800; Italy. 243; Hanover,
218; Wurtemburg. 217; Switzerland. 202; Rus
sia, 200. OF the arrivals 3O7S were destined for
M6gyyV Dar mi ,,ric
357 for Ohio. 247 for Minnesota. $50 for Massa-
chusetts. 22s for California. 2l5 for Nebraska,
100 for Wisconsin, 1856 for Texas. 149 for Mis-
souri, LAG for Iowa. and 3748 for other States.
This is q pretty good showing, considering the
accounts Of hard times which have been con-
stantly transmitted to the old countries, since
the panic by foreigners already settled here.
A statement compiled from records In the
bureau of statistics at Washington was put in
evidence before The Wood investigating COM
Y mittee In New York on the seventeenth instant
which shows great frauds in sugar importa-
tions The Jay commission found after careful
investigation that the New York importations
grade above No. 10 Dutch standard. About 73
Der cent of the importatons for the whole
country is made in New York. Hence it follows
that at least 73 per cent of the total
grade above No. 10. and the average duties
should be 2.8125 cents per pound. and the aver
age on the total importations should be 2.7281
cents per pound. The duties actually paid
averaged 2.41 cents per pound in 1876. 236 cents
per pound In 1877 and 313l cents per pound in
1878. The total importations In 1876 were 1.561.-
ssO,545 pounds and the duty collected was
| Ss7, ,625. .o64. At the correct average rate above
stated. the collections would have been $40 610 :
053, or $4,984987 more than they were in
fact. In like manner it Is found that
the collection fell short of the correct
amount s5, 449 in 1877, and s457s553 in 1878.
making total shortage of s14930991 for the
three years. That Is defrauding the revenue to
q pretty lively tune. It is some comfort to know
that IL the vegetable department Of the govern
Il ment succeeds in inducing all our Western
farmers to make cornstalk sugar. no more
frauds of this kind can be committed. Us no
sugar will be imported. But meantime the
Treasury Department will do we'll to stop the
frauds and get all the sweet they can out oGf
Z sugar scheme to Its con summation.
1t costs in New York to put grain from cars
/ TO ship or steamer y cent per bushel for weigh
II ing h cent per bnshel for elevation, and ST per
/ 1000 bushels when delivered on board an ocean
vessel with single deck, Or s8 for the same
relieve the buyers by deducting from the IN
vo1ce half the weighing and elevation charges
or cost of delivery from boats. The charge for
livery to ocean vessels. If the grain is ordered
4 to be inspected there is additional cost of 80
cents per 400 bushels; and If screening and
L blowing are required, there Is another charge
OF ID of cent per bus hel, which the buyer has
TO Day.-[N. z. Journal of Commerce, 10th.
Cheese and Butter Exports.
New York journal of Commerce.l
The fast increasing American export trade in
II cheese is nearly all done from New York. For