The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-03
Commercial and Financial Matters.

Commercial and Financial Matters
During the month Of December. 1877. the ar
rival or steamboats, at our levee averaged II per |
fav. and the eipts eaeh day during that |
month, summed up ssle bales Of cotton. s744 |
sacks of cotton seed 6s5 hhds of sugar and 53g7 |
bbls Of molasses.
The National Treasury is Just now letting |
loose d yast volume Of money for the payment !
III current and accrued expenses. The officers |
Z and men Of the army have received the greater |
part Of sso.ooe.ooo since the passage Of the army
bill, and the Treasurer Ia now engaged In pay
Ing out over s2a. 100000 In gold on account OIL the
interest OH the public debt-making total Oh |
over 1000 600 put In circulation within the past
six weeks.
Ships are daily leaving here for European
ports with grain. and they have quick dspateh'
Yesterday the following vessels cleared from
this port: steamship Palmerh for Corr Win
iii 400 bushels of wheat, In bulk, ana le.ooo
bushels In sacks. the steamship Tiara, Tor LlV-
erpool with $4,000 bushels of corn, in bulk ana
tha bark veuesza for Queenstown. with 9o.155
bushels Of wheat In bulk-making about 92,56o
bushels OF wheat as the days expectation.
The st. Louis Republican of the sist ult. con-
tains long and eireumstantial account OF the
marine losses on the Mississippi river aud Its
tributaries during the year 1877. From this
carefully kept report we find that during the
naat vear the losses on these rivers foot up
sb 1890. 900, which includes sa,moooo OF Ice and
1oalboat disasters on the Ohio, We have not.
at present, the data ut hand from which we can
make hi, exaet comparison with the Losses Of
L former years; but we can safely say that tho
H mast year has proved to be a lucky one. and that
fewer losses have been sustained by river men
and insurance companies than usual
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The New York papers. more especially the
Tribune, Ii giving publicity to the complaint
that the Increasing manufacture Of 'taow
butter or oieomargarine. has had an effect to
reduce the market value Of genuine butter.
The makers Of oleomargarine have. 1t is alleged.
adsuted d plan recently Of mixing small
amount OF ureHm sud ttity httttuf with ther
PRODUCT The result is that the article thus
manufactured cannot be told. even by Dealers
from genuine butter. It is stated that 10000
pounds Of this butter Ia used In New York city
daily. From a long article on this subject We
lake the following from the Tribute:
FORK, there Ia q large establishment in Phi Ia
lelpbia, which produces about 1000 pounds o
lime Id baltimore. and others have been estab
lished recently n Chicago, st. Louis. Cin ,in-
nAti Boston Pittsburg Pfoy , and New
manufacture OF tallow-butter is 100000 pounds,
while the. starting, OF contemplated factories T.,
\ The shipments Of the oil to Europe are largely
10 Holland. although England takes consider,
able. Quotations from London prices current
e all secondary grades Of butter, whether OF
american q home manufaoit1,,,lre and the prices
hundred weight than those of the best cream
simple that tie United States Dairy Company.
sSs,tf aru tha
NV nS snA s 'o rights 0n' usu n on ali
sidss. and while the figures given above relate
ent, no idea can BE- gained as to what extent
Tie articleiis made by unlicensed persons. In
hg city alone two args s t6 sa re S tho
United States Dairy Company s obliged to
keep detectives on the watch to report others te
on the watch near each OF tho two factories
mentioned but no entrance can be made, and
therefore, no infringement can be proven. This
company has brought suits against persons fol
infringement In bridegroom and New Haven
q0n BhE H nns o and }fsssy f paees
III New York city. Its detectives are scattered
about The eountry wherever there Is z factory
under the patent, for MT these places other FAC
Tho law prohibits the sale Of oleomargarine
.aw wha s e. sme y
ally used to place the name In an obscure part
the flrkin or package. and ottentmes tois Il re
edge that they have bought the oleomargarin'
foT coed butter on the assertion of men whom
they thought they could trust
The Louisville merchants have had an erpe
renee similar to that of those OF New Orlean
In their efforts to establish Board of Trade
Several attempts have been made in that wide
awake, progressive city to lay tho foundation
Of such an institution. but UP to this time thes
have proved to be signal failures. There ar
some OF our prominent merchants Il
Af4x na1N in fha WAGta
produce business. who cling to tn
idea that Board Of Trade can b
instituted here that will prove great advsn
tARe to the mercantile community in genera
Uesparing OF establishing 1t on an independer
basis they wish to build 1t ap on the very pre-
earious foundation of that moribund corpora
tion called the New Orleans Chamber of Com
merce. Our Louisville friends. however dis
covering insurmountable obstacles In the wa
OF the establishment of Board OF Trade. seer
determined to utilize commercial body fo
many years In existence in that city. and by er
lmginR its sphere of action. convert 1t into
society that will subserve tho purposes whic
they aim to accomplish. and which they came
obtain by new and independent organization
= On this subject the Louisville Manufacture
and Merchant says:
There la. however. q disposition manifeste
And which il growing stronger, to strengtne
n the MHnutnetufefS ana merchants ESenAng
and It IL hoped that in time this will prove t
basis of a still more influential and valuab
trade organization. The members of the Il,
change have been most liberal in their col
duct have offered TO cooperate with the move
fer new Board of Trade and even TO r
organize their directory in order TO have o rel
resentative board. The new movement. hoy
ever having failed of its purpose. it seem
therefore the most direct and feasible pntl
way to success IL by taking the Exchange as
mi nucleus and building upon it slowly. but sur
MI III. II has the advantage of permauency-be
Quoted economically. and l. entirely out t.
debt. IL has already done grant good for u