The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-04-05

Commercial and Financial Matters. 4
Nine hundred tons have arrived here from
Boston within the past tWo,years.
The steamship Thessaa cleared yesterday
for Liverpool with 1880 bushels OF corn in
bulk.
Three vessels which cleared yesterday Tor
foreign ports carried away 1926 sacks OF OIL
cake. This article of commerce Is increasing
In importance with remarkable rapldlty
The failures of business houses in Louis
vile, during the first three months OF 1878,
amounted to 80; liabilities, S2,2O9,133; assets,
S3.014437 For the same period In 1877 there
were % failures, with liabilities Of 81, O24,305,
and assets of S762,956.
State Consols were quiet yesterday, and are
quoted at 7414@174la, with sales OF $4,000.
Premium bonds are easy at 345s0D347s;
sales $81 600. One hundred and eighteen
shares of Factors and Traders stock sold
at 1903.
The gold yield In the colony OF Victoria
Australia, continues steadily to decrease In
1866 it was 1885, S1 ounces, and it has fallen
gradually to 792,839 ounces in 1877 The de-
cline in the gold yield is mainly attributed to
the lessened production Of the Sandhurst or
Beudigo quartz reefs.
Four hundred and lightweight bales of cot
ton and eight car loads Of cattle were con
sumed by the burning of the Red river
steamer Dawn. This accident occurred yes
terday thirty-two miles above New Orleans.
The cotton and cattle were insured in this
city. The boat was valued at $4,000.
The goldites of New York are making
mountain of the mole hill of 100000 ship
ment Of gold to Europe on Saturday last, and
point to this as one of the evil effects of the
passage of the silver coinage bill. These gen.
tlemen seem to have forgotten that In 1871 we
shipped In coin and bullion Including silver
bullon) s33 s42, 1896, an average Of over $65o,Ooo
for every week in the year.
The government may fairly call itself
S10,000,00O the winner by the experiment with
paper fractional currency, for there is more
than that amount of the first, second and
third issues not yet presented for redemption.
It is very plain that it has been burnt up,
worn out or otherwise destroyed, SO that
there is no chance that the government will
ever have to pay $50O,OOO of this S1OOOo,OOO
nominally outstanding.
1t was pleasant to notice yesterday re-
turn Of life and animation in the cotton
market. Over 5000 bales were sold and at an
rI, l..
our feecy staple which we have not had the
pleasure of announcing for weeks past. We
sincerely hope that this change is based on
solid foundation, and that it will prove a
truthful indication of an early and peaceful
adjustment OF the existing difficulty between
England and Russia.
In anticipation OF the opening of the World
Fair in Paris, the landlords and landadies.
and whoever has furnished apartments to
rent, have notified their boarders and tenants
that after the first of May they must stand
an advance of rates or find other quarters.
The prices have been put up to such a figure
that the Paris newspapers begin to remon-
strate, and warn the people to be careful, lest
they kill the goose that lays the golden egg
We should suppose the experience of Vienna
In 1873 would not be lost upon the Parsians.
The St Louis Republican publishes the
following item as indicative of the far-reach-
ing trade Of that city:
The steamer Red Cloud left this port yes
terday april y for Fort Benton, distant over
5000 miles, at the head of navigation on the
Missouri Among the cargo Of $50 tons is
$4,000 pounds OF sugar, 5000 pounds Of BEANS
5000 pounds Of dried apples, 5000 pounds
OF salt, 10000 pounds of hard bread, $4,000
Of MoT, in, tbo
Canadian territory OF the Northwest This
was all purchased in st. Louis. The same
party will purchase some 300 barrels Of -four
and $4,000 bushels of oats for the same desti-
nation. 1t is to fill contract with the Cana
dian government. The same house will p1lr-
chase In Montana Territory 100 head Of beef
cattle.
New York is making a strong effort to get
Congress committed to the Harlem river i'm
provement, which they now announce is a
necessary supplement to the He'll Gate work
They want the river deepened so that the
largest vessels can pass through from Long
Island Sound to Hudson river, and grandilo-
quently announce that its national import
ance Is established by the fact that it will
save at least two cents on every bushel OF
grain exported. The St. Louis Republican
aptly remarks that they neglect to say, how
ever, that even with this saving grain will
still go for little more than half as much by
the way OF New Orleans, or that the same
amount OF money expended on the Missis-
sippi river would result In an immensely
greater reduction of the cost of exporting
grain.
Notwithstanding the number of the new
dollars sold as curiosities, few of them are
ever seen; yet, though they are practically
not in circulation, the reconciliation act is
doing all the good that was expected of it in
Keeping down the price of gold The govern.