The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-04-13

Of Premium bonds, there were sales OF
$4,000. and the market was easy at 3i4f035,
against 350135h on the previous day.
The CITY Council OF Chicago have passed q
general gas ordinance for that city, throwing
Tho door wide open for competitive gas COM
NAMES. One condition of such competition Is
that no company operating under the ordi-
nance shall charge above 81 so per 1000 cubic
foot for gas OF never less than fourteen candle
mower. and never including government or
other tax. .
The amount Of subsidiary silver coin now
in possession of the government Is S5,5OO,0OO,
which the department regards as sui11clent TO
redeem all fractional currency that will ever
he presented. There Is still about SIT, 0O0, 600
~ fractional currency outstanding, but the
Treasury officials thinks that less than one
third OF it will ever be presented for redemp-
ton, ---- .m
Official returns made to the Bureau OF Sta
tistics show that during the month OF March,
1878. there arrived at the port of New York
45ss immigrants, Of whom 324 were males
and 1882 females During the three months
ended March 81, 1878, the total immigration
into the port was s7S6, as compared with
1850 arrivals during the corresponding period
OF 1877.
Wall Il Bigelow, OF Milwaukee, have re-
ceived replies to numerous inquiries ad-
dressed to points In Wisconsin, Iowa. illinois,
Minnesota, Nebraska and Dakota In regard
"a wheat prospects. The general tenor OF
renorts Ia to the effect that wheat seeding is
about finished all over the States named, and
a large increase OF acreage is reported from
most points About one-quarter to one-thlrd
sof last years surplus appears to be yet I'M
marketed, and many points prognosticate
liberal deliveries by farmers during the last
half of this month
The amendments made by the Governor to
filI the vacancies on the Board of Flour In
spectors are universally applauded by our
merchants engaged in the trade. The ap-
pointees are Just the men for the business,
possessing, as they do, the requisites OF abili-
tv. experience and integrity. Notwithstand-
ing their general acceptabilty, the flour re-
eaivers manifest determination to test the
eonstitutionalty of the law under which the
board acts in the matter OF the inspection OF
flour. We learn that meeting OF prominent
parties engaged in the trade was held yester-
day. at which q resolution was adopted de-
elaring that they will hereafter resist the col
lection Of cents per barrel on all flour which
the INSPECTORS are not specially called upon
to examine.
There Is striking similarity ir the condi-
tions of the British and American markets
The London Times, of March q, says that at
Manchester a moderate amount of business
Is offered at very low prices, and quotations
-I \ IT,, eIynJl NKny
considerably in the past fortnight. Manu-
facturers, however are not prepared 10 con
cede the full reduction for which buyers holo
out and the transactions are not extensive
Some relief is hoped for from the projected
reductions in weavers' wages The prevail
ing uneasiness in the yarn market is rather
increased by the prospect of strike in North
and East Lancashire.
The recent issue of 5O,000,0O0 roubles o.
Russian treasury bonds was successful The
public subscription was skillfully managed
Inv the Russian Finance Minister. The entire
loan was taken up in one day. From 10 a. m
to3p. m. was allowed for exclusively public
subscriptions. no single applicant to receive
more than 100000 roubles and this resulted il
applications for more than fifth part Of TIN
permitted from private banks, large capital
lists and the Imperial Bank and other govern
~ 111,,nt institutions, and thug the whole fssu
was applied for. The bonds have six months
to run, and bear interest at the rate of AZ
per cent per annum. Ii the exchange valu
of the rouble rise within the next six months
the holders of the bonds will secure more thai
their AZ Der cent rate OF interest
The imports of foreign dry goods at tn
port of New York for March were $S05,68l les
than for the corresponding month last veal
For the three months of the year the tota
imports show a decrease of 81, 1884, 319 as CON
pared with the same time last year, while th
total Of goods thrown on the market in til
same time is nearly 100000 in excess of th
total importatiOns, a difference which til
New York Journal of Commerce asserts show
that the reduced premium on gold has ena
.bled importers to press their merchandise
sale with more haste than usual. The arges
dry goods imports at New York were durin
the nine months that followed the close of GU
civil war and the decrease for the mir
months OF 1877, which was very strongl
marked as compared with the same period j
1876, is more than maintained during the nil
months now ended.
The Chicago Tribune, in commenting on tt
money stringency in New York city, says:
For something more than a week now th
New York financial circles have been yer
much worried over a stringency in none,
which it was at first supposed was due smpi
to the temporary outflow of currency to tt
country to make the first of April settlement
but the rates remained so firm all last wee
that some fear began to be entertained lie.
it might turn out to be something MOI
than momentary condition OF til
market Rates on regular commercial papt
were not affected much, but rates on ca
loans ranged all through the week from pt
cent to and bonus of 1872 per diem, eve
government colaterals not getting bett.