The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-09-07
Commercial and Financial Matters,

The steamship Ohilian Cleared yesterday for
Liverpool with 1905 bales OF cotton anti $4,000
bushels Of corn In bulk.
The movement In securities yesterday WIS
light. State Consols opened at 70 aud closed
easy at 72sla79, against 7s@79T on Thursday.
Premium Bonds opened OF 81. and closed ut
goK@s1, against so1s@91A on the previous day.
Comparative tables of the cotton years Of
ts7e.T7 and 1s77.7s at Norfolk show that the ex-
r,orts last year exceeded those Of the year pre-
vious by nearly s2,oooooo
The lumber trade on the Pacific ooast' has
rarely been so depressed as at present.
Throughout the Western and Middls statea the
saw and planning mills continue only partially
employed. -
EKsGov pease OF Texas, now on visit to his
former home In Connecticut furnishes some
interesting items of contrast and growth In
that great state since he went there In 1885, He
has seen the population grow from 10000 TO g.
900 900. A million have been added since the
census Of 1870 Most of this increase came
from the Southern States In the six or seven
years Immediately following the war. but for
some years now the bulk Of the immigration
has been from the Northwestern Sthtes-Wis-
constn, Michigan, Iowa and Minnesota. But
few European Immigrants have come In.
The receipts and Disbursements Of New Fork
for 1.-The year are balanced BY Controller Kelly
In bis statement for the year ended August 1.
1878, Mt se7, 4o3. 2s4 ~. The debt stands
THE total bonded debt, less sinking
The ,b tota b bonded dsbt less sinking
fund, August 1 1878. as above
SHOWN, is. ..--s-''st'-.++ l2ttiV2'a4h a.
Decrease 40 compared with amount
August l. 1877 .....4.......''...a s4.3e4.645 %
The Controller says: "The city debt had ats
tanned It's maximum In 1870, and since that date
hes been largely reduced In amount, On De-
cember al, 1878. the net bonded debt. exclusive
of revenue bonds Issued In anticipation Of
taxes was $l13 7oG, 465 80. and on August ]. 1873
was slog. ,127 81. showing q reduction Of
s4,slB .g3T OBJ" ....
The New York Tribune says that much conf
dence is expressed by merchants In general
improvements the different branches Of trade
this fall. The large crops, Increased foreign
trade the settlement Of public lands and q
general belief that the period of depression Is
nearly ended are given as reasons for hope
funess. very large trade however. Ia not
anticipated. New York hotels are t1lIsd with
guests many Of whom ore Western and Holtth-
ern buyers. The New York Daily Bulletin has
been caryasslng the business men of Its city.
The outlook 10 the dry goods market Ia found
very encouraging. but merchants have been
subjected to disappointment In SO many sue
oessve seasons since the panic Of 1878 that while
perfectly willing to give all proper informa"
ton about the fail trade. SO far as 1t has pro-
crossed, they are very careful about expressing
opinions In regard to the future" The pack
age trade In domestic goods opened as early az
July, during which month the sales of some Of
the leading commission houses were, In money
value 40 to 80 per cent more than those Of July,
1877. There has been nm unusually large disri-
button Of cotton goods. prints. hannes. hosiery.
dress goods. gnghams and many other autumn
fabrics by the package houses to interior job
bers most of whom forwarded their purchase
by water. In order TO secure cheap rates of
TRANSPORTATION. The metal market seems to be
nm exception TO the general steadiness and i'm
provement. There Ia an absence Of buyers of
pig-iron for future delivery. Supplies are large
and the prospects Of profit are not pleasing.
The pig tin and copper markets are about In
the came condition as the pig-iron market.
The wool trade. too. does not show 30 much
general animation "a In the last fell season.
LraHr AS MoToR.-A working model of a
tied in Nav York shop window. It 70 the in
vention of on Englshman, mad consists of four
diskg attached t2 arma radai a from oentral
black and tbe other white: The black surface
absorbs and the white surface repels light thus
zion with the atmosphere. the machine Is placed
under slas55 cqyer r9m s wbeh the cir tas
disks and that the motive power is light alone
10 proyeh by tho fact that the machine will work
even Il placed la gu leo house The, light Of a
and caloum light will incite rapid revolutions.
The model on exhibition is worked by ordinary
daylight. but is ottouched by direct rays of the
sun. 1t ia In the shade.
AMERICAN LARD IN HNaLANp.-The statement
has been made IN one Of the consular reports
,nea in BsIfast Ia pre f 70 American re-
fined lard at increased cost. Leading reAners
here. when questioned on the subject, explained
dice Which exists throughout arept Britain gen-
orally against all American products, and also
to the manner Of paoking This prejudice Is
now large. quantities Of American lard and
other products are freely used 70 Bristol. Lily
Belfast aud some other towns, there is o
comes In The old fashioned wide top diah which
was In vogue q century ego. aud which cannot
e GO q ill., the pure lara e mostly
daoturers at the other aide refine and repaok it
n suit local requirements. There is compare
lively very little Of the refined lard exported to
Gfeat Britain and Ireland. as 1t would not pay
TO make It up In the different kinds Of packages
required by each lonalitV,~-LN. Y Bulletin.
The New York Times Gays Of the bankrupt
law:
At midnight last night the general United
Etafes bankruptcy law ceased to be effective
under the net OF repeal passed Mt the last SEES
sion OF Congress-. and hereafter. or until the
enactment Of q new law by Congress. all legal
proceedings In insolvency must be governed by
the operation Of the State laws In the various