The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-05-11

about $2nOnO 900 and turning out yearly
abolt 5o.Ooo,oOo barrels of flour, of which
100000 are exported TO foreign countries.
State consols were In fair request yesfei-
day, and the sales amounted to $l5H. 500, indi-
eating slight improvement In prices. Ihey
opened at 77is. and some sales were mao" al
77Ts and ~, but they closed steady at "Ss@
77ss, against 776677' on Thursday Oh Pre-
MUM bonds S3t $40 were sold, aud thiity-two
shares of bank stock.
It does not occur to congressman In pur
suit of economy through cutting down the
nay of minor employees, that by reducing
their own annual pay from 5000 to $4,000
they could save nearly $4,000 per annum 10
the tax payers Of the country few years
ago Congressman considered himself weN
paid ut $4,000 per year.
The wealth Of San Francisco IL shown Ivy
the dividends diabursed there every month.
The list for April ls as follows.
1877. 1878
Ranks Ss5, 800 &l3l 800
Gas and water companies. 100000 l5O,Oon
Jneuronnn COMMANDED ~ 500 10 500
Powder companies 2s.oVU lS'"uo
Street railroad companies. 10000 ..-.....
miscellaneous opmpnuica n 800 LOCO
Total ...-....... Sl,G43.G00 81, 300
One If the most successful counterfeting
schemes is to issue small quantity Of notes
on certain bank with the name of the place.
president or cashier misspelled. Upon dis
covcry the bank sends n warning through
the country. pointing out the error Then the
rO,lntprfcitols make u second issue with the
name or names spelled correctly and circu-
late them boldly, knowing that merchants
and store-keepers will look only for the in
dictated catch
Favorable reports como TO us from the in
terror regarding the condition Of young cot
ton and corn. In some districts cotton
growth has been slightly checked by cool
nights but on the whole il is in good order.
In the valleys the young cotton plant is under
going the scraping process, whilo stands are
reported to average well and to b" unusually
good I'm sections. The prospect Is all that can
he wished The area in cultivation is fully rs
large as last year.
The failure Of the large banking house of
Levy. Bing a. Go. caused much surprise in
France The head Of tho house has been ar
rested The liabilities are estimated ut from
$4,000, geo to 250O0,oOo francs. and as only one
half OF the stock tG,0oo.o00 francs had been
subscribed. the stockholders will have to pay
UP the remaining 6,0O00N0 francs II is said
that the Bank Of France loses 5000, 900 francs,
and that at one time it had advanced as much
as 10000, 600 francs to the failed house,
The Senate Committee on Appropriations
has added amendments TO the postoflice bill
increasing the amount apportionod by the
House $SbG,000, making the total 1913 G.373,
of which amount the revenues OF the Depart
ment are expected toprovde all but Si,962,2H
The amount appropriated, even with the adj
tlition proposed by the Senate committee, IS
two-and half millions less than Department
estimates and 100000 less than was allowed
last year.
The Washington correspondent Of Phila
delpbia paper says that interest on United
States bonds is now frequently paid In green
backs, and adds that one holder recently took
100000 In paper money in preference to gold
Considering that government deprociates its
own paper, by refusing to accept it in payment
of duties this statement of preference of
greenbacks 70 gold is in proof that govern
ment papctHnoney is not only as good but
better than gold for all domestic purposes.
The total dry goods entries at the port Of
New York for January. February, March and
April are $50 735, S9i, or nearly S2,o00000 short
of last years figures. The Withdrawals show
decline of over $4,000, 600, and the entries for
ti,n no inCtI
falling Off in the consumption of any one class
of goods is in silk fabrics, followed by cotton
goods, while the other descriptions have
shown only moderate decline. There is a
noteworthy increase in the miscellaneous dry
goods figures, the warehouse entries being
largely in excess of tho previous years.
The wheat crop has been damaged by rain,
fly and rust, especially III West and Middle
Tennessee The extent of the injury in some
localities is said to be as much as 80 per cent
though on the whole 1t will not amount to
that. In Illinois and Missouri there has
been damage from the same causes as also
in Alabama and some parts of Georgia.
Throughout the Northwest and as far north
as the British possessions the farmers are
jubilant over their fields, which are thick and
green with young wheat, now vigorous and
healthy, and nearly a month in advance of
last year, and promising 25 or 30 per cent
greater yield. Other crops are in equally
good order.
We are glad to hear that Mr.. NJ. $. Robin
son, of Dubuque now visiting this city, con-
templates establishing here in the fall a
branch of the large grain house Of Bush,
Robinson Il Co. of which he is a member
This gentleman informs US that many of the
largest shippers of that section of country
have expressed a willingness to send their
grain direct to New Orleans, thereby avoid
ing the expense Of reshipment at St Louis
To accomplish this they realize the necessity