The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-03-12

The schooner Bushrod w. HILL which cleared
yesterday for Boston. has, among other freight,
10000 cocoa nuts.
The Sun Mutual Insurance Company of New
York. In thirty-seven years Of business paid
3O00o,0oo losses. ...@
According to the San Francisco Alta Cali
fornia the Central Pacific Railroads profits
during the nsst twelve years have aggregated
s45 100000. -
Tha steamer My Choice" with barges, ar
rived here last night from st, Louis with 1880
bushels Of corn in bulk and 100000 sacks of the
same commodity. --.
We suppose rents must be coming down In
New York Morton, Bliss Co.. bankers. have
removed from an office where they were paying
,s25 900 to one where they pay $4,000.
Some person Is uneharitable enough to ex-
plain the cause of the burning of SO many cot
ton mills in England. Of late. by stating the fact
that the average dividend of forty Oldham cot
ton mills was 81 per cent in 1877. against Ii per
cent In 1876.
petition is circulate ng among the New York
merchants asking the Board of Aldermen to
permit the use of steam on the belt lines OF
road In that city between in the evening and
In the morning. The object these gentleman
have in view is to increase the terminal facili
ties In the city.
The prospects for a fine crop of wheat in Kan
sas saysthe Kansas City Price Current were
never more promising than at The present time.
The acreage is larger than last. year and the
mild weather of the past winter has been very
beneficial. Look out for a splendid wheat yield
In Kansas this year.
Official statistics show that The losses by fire
In the United States in 1877 reached s6s 265, 800
against $63, $50 5000 the previous year, of which
1851, 9es gg0 or little more than one half. was
covered by insurance. The subtraction of so
much property from the realized wealth Of the
country, OF course has much to do with the
continued hard times.
The United States have direct pecuniary in
terest In the termination of hostiliies in Cuba
and In Europe. The sum of our exports to
Cuba and imports therefrom is no less than
sss,700.ooo. Our totaltrade with Turkey amounts
to s6,so0ooo. and that with Russia to sl4 200 900.
This is total OF 500 700 600 s72.ooo 900 of it i'm
ports which Is Immediately concerned in the
restoration of peace. This Is about one tenth
of our total commerce.
1t is said that returned Cinnamon. who have
learned on the Pacific slope to prefer wheat to
ing not only the taste for it. but also its culti-
walton in their native land. For the past few
years considerable quantities of wheat have
been exported to China but is said that the
home production is increasing SO rapidly that
there will soon be a surplus for export. So
careful and close is Chinese agriculture, that
the wheat never yields less than 40 bushels to
the acre, and even at 25 cents bushel this pays
well.
According to the Richmond Dispatch, the
financial straits Of Virginia are not as desper ate
as might be inferred from the recent statements
Of the Auditor. s1.o0o,ooO is due at the treasury
on the fifteenth of June, besides $500 900 on
licenses and about $780, 900 from the Moffet
liquor-register tax, making the revenue soon
available nearly s1.boo,ooo. Of this amont it Is
estimated that not over 5000 900 will be paid in
coupons. leaving a handsome sum with which
to meet the greatly reduced accruing expendi-
lures. The finance committees OF the two
houses of the Legislature have determined to
report bill providing that all license taxes
shall be paid in lawful money of the United
States.
The Chicago Tribune publishes a table of
figures culled from the annual statements of
the New York fire insurance companies. which
presents some startling facts concerning the
condition Of the business in that city Out of
eighty two companies only eight show q gain
during the year. seventy -four exhibit a de-
crease. The loss amounts to 81 .722. 900; the gain
to s25o,66o No disastrous fire occurred in 1877
to cause this loss of more than per cent of the
surplus accumulated in previous years. 1t is
the result of the cutting OF insurance rates
down to an unremunerative point. This com
petition has been at work for years and has re-
versed the profits of fire insurance to the extent
of converting a gain of 100000 surplus in 1874
into loss of 81, 100000 in 1877. Gloomy predic-
lions are freely made among insurance men in
New York as to the ultimate effect of this zen
dency upon all but the very strongest com
panies.
Shipments were made from New York on the
It'll inst for England of 41.ooo cigars. trade
has recently been started with England for the
sale there of American made cigars, which
already aggregate $4.ooo.ooo per year. Clauses
have been inserted in the tariff and internal
revenue bills now before Congress permitting
the establishment of bonded cigar factories in |
which foreign tobacco intended to be made I'D
Into cigars for exportatlss can be stored free Of
duty. There Is already q drawback of Sc per |
thousand on cigars exported, which enables |
retailers on the other side to sell the cigars at
nearly the same price as in New York after pay
ing freight and duty
bill Is now pending in the Ohio Legislature.
which. If passed. will give the judgment debtor.
in all cases without any guarantee or security by |
the latter to other parties in intereso for the
use rent or proceeds Of the property the privi-
iege of remaining in possession for two years
after sale on execution or by order of court OF
any real estate. aud also to allow the judgment
debtor, or any party having equitable interests
adverse to the judgment creditor to redeem /
the property so sold at any time within two
years from such judicial sale by rendering the
price at which 1t was bid off and interest
& The Salt Tax.
-, Senators and Representatives in Congress
from the Western and Southwestern States
ought to bear In mind that free salt will be one
OF the most effective agencies in connection
rivers the trade ,hey are fairly entitled to. The