The New Orleans daily Democrat., 1878-02-05
Commercial and Financial Matters

Commercial and Financial Matters
III seems to be settled that Congress will not
reduce the tax on whisky this year and that the
time for paying the tax will not be extended.
The bark Louisia, for Rouen, with 25.579 bush
els OF corn In bulk. and the steamship Caradoo
for Liverpool, with 2s,6ss bushels, cleared yes
terday. Total. 40 2e5 bushels Of corn In bulk.
When thesilver resolution was on its passage.
Monday of last week. in sixteen States. casting
Ios votes not negative vote was found, and all
these States are west OF the Aleghenies and
south Of the Potomac.
According to the st. Louis Republican, the
trade dollar is becoming familiar to the people
OF that city. and 1t is 50 strkingly like the dol
lar OF our daddfes," which we lost sight OF yours
ago, that 1t is welcomed as IN old friend.
Epseis IN the Bank of France increased
47oo.ooo francs. and the imperial Bank OF Ger
many gained 1210oooO marks. The Associa cd
Banks OF New York City. In their statement OF
Saturday last, report an increase In the reserve
of s1 45s 275, which makes the total reserve s67.-
4a4soo, and the excess of reserve above legal res
,nuirements, st5 6a2, 900.
The wholesale grocers OF Cincinnati. at the
regular meeting of their association Wednes-
day. resolved that tho present national bank
ruDt law In its practical working fs unjust to
creditors, pernicious to business integrity and
disastrous to honorable integrity and they
recommend to Congress that it be uneondition-
ally repealed. The first proposition submitted
was that 1t be radically amended: but this was
not acceptable. and repeal was substituted.
During twelve years Albert Meyn OF Boston,
paid the premiums OF $4,000 Of life insurance.
This burden was the cause OF his bankruptcy: !:
but he struggled hard and made the payments
believing that by 30 doing he was securing his
family against poverty after his death. Within
two years one after another of the companies in
which he was insured have gone to pieces
and when he died. several weeks ago. all his
policies were worthless. His wife and children
are penniless.
According to the official report OF the Con-
trollsr. General OF Georgia. there are s4,164
.eolored voters in that State. They own 1885
acres of land valued on the tax list ut 2441o4.
and city property to the amount OF 81 l,1o9.72b.
Their household goods. etc. foot UP s48e b29. In
horses. mules. hogs, sheep and cattle they have
.s241 .to6: and In agricultural implements. s125,
no. They have In bank 500 699; and besides oil
this, says the report. they have s2.1oo,oOo In
other property not enumerated" SO 1t would
appear that the eolored population Of Georgia
are In very comfortable pecuniary cireumstan-
ceB . quite Dis comfortable, probably, us their
white neigh bors.
The people OF San Francisco are fighting the
usual battle with the gas company. The city
paid to the company last year for gas 1901 800,
and the 10000 families consuming gas paid
sf10o.O0o, making sl 401 500 In all. And yet 1t Is
said that the whole works have not cost over
$4,5O0.ooo. and new company has offered for
s7,DoO,0o0 TO put up works three times as extern
sive as the existing establishment. and to sup
ply consumers with gas at lower price. The
cost Of making gas is declared not to be over
st as per 1000 feet. but the company charges the
city 70 so and private consumers 90 rs per thou
sand. A bill has been passed In the California
Senate requiring the price to be reduced to o.
and exacting that the gas supplied shall possess
q sixteen. candle power. which Is far above the
quality OF the San Francisco gus.
s7fs$ a-----4----
There we're yesterday arrivals of four steam
boats, with barges. from up the river, with un-
usually large cargoes OF grain of bulk corn the
Storm brought 25sOO bushels. the A. j. Baker
$4,000 bushels. and the John Gilmore 4es1o--
making total of 12s.6to bushels. In addition.
the steamer Barnard brought 1883 sacks Of
corn and 1850 sacks OF oats. The Storm had
1884 sacks Of corn. 1905 sacks Of wheat. and the
unusually large amount. for this time of 1887
barrels of pork.
The Baker had also $4,000 bushels OF bulk
wheat and $4,000 bushels Of rye. besides $500
sacks of corn and 1000 sacks of oats.
The Gilmore brought in %. .2s4 bushels of RE
In bulk, 5osl sacks OF oil cake es4o sacks of corn
and 4ssT sacks Of oats.
We give the above as exhibiting the largest
receipts Of grain for one day that we can re-
member In the history of New Orleans.
+ TIsa r