The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-10-16

SGnI6 sOlEblS EHlHh SbtfthN yesterday Ht
T4Am741d, against 74GD7414 on Monday. There
was quite tumble in Premium Bonds. They
were easy at 3n1aG03Oa6, against 31tSm3l2g on
the day previous. The sales at the Stock Ex-
change were 1877, 900 Of State Consols and $4,000
OF Premium Bonds.
A New York firm had the privilege Of pay
Ing $4,000 annual rent for n choice store on u
prominent street, or $500 for one Oh q side
street. 1t chose the latter and spent tho
$450o saved in rent. for advertising, The
step proved one Of remarkable success, and
they are now keeping UP their advertising.
A singular feature Of the law affecting the
redemption Of small coins Is furnished by the
fact that while copper. bronze and copper
nickel pieces can be exchanged for greenbacIs
II presented In sums of &25, the subsidiary
silver COINS rs the law now stands. cannot
either be exchanged or redeemed.
New York exchange states that there are
SO few United States bonds Offering in London
that the operations between that centre and
New York In the bond line are worry limited.
and consequently there is but little demand
for bankers sterling for remittanoes, while
cotton and grain bills are abundant,
A large increase In the shipment Of wheat
and flour has been noted i'll San Francisco
The farmers Of that State are cool and indie
pendent, and sell their grain only when the
price Is good and the demand brisk. When
seaboard markets become depressed they re-
sort to warehouses and hold UP for q rise In
prices. They have large crop this year,
and intend getting for 1t all that it is worth.
The cotton mills Of Columbus. y. G.. con-
aumed during the season Of 1B77-18 II, 7g2
bales of staple. a gain In five years Of 1854
bales. They are expected to consume $1,000
bales the coming season, which at 10 cents u
mound or $50 q bale would make this cotton
worth 1906, 600. This value however. in pass
ing through their mills will be increased to
some $2,2ooo00.
Riazan, Russian town of 5000 inhabitants,
situated about 10 miles southeast Of Moscow
and the capital of the Russian province OF
the same NAME has been the scene Of 4 Chi
cago fire on n reduced scale, and 1t happens
curiously that the burning occurred on the
ninth Of October. Twenty three stone houses,
thirty-one wooden dwellings, and seventy
warehouses were destroyed, the loss being
a-out 81, 100000.
The relations Of grain transactions to rail-
road earnings are discussed by the New York
Tribune, which shows that the total Increase
in bushels of grain exported from New York,
Philadelphia, Baltimore and Boston in Au-
gust and September, 1873, over the same
months IN 1877, WAS 49, 1893 800. These figures
represent al unprecedented business this
year for the season, but they also represent u
business accomplished, and from which the
railroads will receive no benefit later in the
year.
In portion of Brazil rs large as the New
England and Middle States combined there
has not been any rain for months. The wells
and water-oourses arc dry, and the cattle
which are kept In largo herds, arc dying by
thousands. The people have fled to the
cities, only to die Of smallpox, yellow fever,
and other contagious diseases. Vile specu-
lators have proted by the woes Of these
wrccthes, and the police and soldiers have
abused thcm, and they have been transformed
from peaceful tillers OF the soil into outcasts
so brutalized by want and abuse that they
have eaten each other and accepted death az
a welcome release from their degradation
and suffering.
A leading and educated Chinaman. Kwanp
Chang Ling. is writing letters to California
Journals, In which he tells US much
about China that we have not hitherto
known. For instance, that the population is
only 10o,Oo000O OF 10000, 900, instead of 49,
100000. as generally reported; that the coun'
try has reached the limit Of agricultural de-
velopment; that the population and prosper
ity have been decreasing since l7G1: that un
less improved machinery and methods are
adopted from the Western countries, the PEG
pie will not be able to support themselves
since they are already as poor as possible
and live: that the wealth of the empire is in
the hands of the few, and that with a dimn
fishing population and increasing wages al
4 home there can be no great tide of immigra
tion to this country, so Americans need have
no fear.
THE WAR ON FIAx BAGGING ABANDONED
Private advices announce that the New lorE
Cotton Exchange has repealed rule IL. The
meaning of this is that the resolution adopt
ed last spring, which set up discrimination
against cotton covered with flax bagglng, naE
been rescinded, and the sense OF this actor
is that the effort to establish a monopoly 1o
the lute-bagging manufacturers has peer
definitely abandoned. AS New York led Ii
FROM number OF cotton Exchanges in the
East and South her action will certainly bt
followed at other points, and the fight Is prac
tcally at an end. AS to the exchange at New
Orleans, the greatest cotton emporium in The
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