The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-24
Commercial and Financial Matters.

Commercial and Financial Matters.
The bark Vancouver. from Liverpool. |
brought In yesterday 55os sacks Of salt
The Norwegian bark ayller cleared hence
yesterday for Liverpool with 27.25s bushels OF
wheat In bulk.
The receipts OF cotton In Atlanta, Ca. this |
year will exceed that of last by about $1,000 |
bales, which will make the receipts over 100000
bales. -
Gold yesterday. in New York. was lower than
ii has been for eighteen years-being, early In
the day. only IN premium afterwards IL rallieo
slightly and closed at ~ premium.
Who dares assert that our trade with Mexico
ID lot being revived? Yesterday the steamship
Nurie reached this port, from Vera Cruz. with
the immense cargo Of $4,000 In specie and 454
hides. ---
arch IA the crowded condition OF our wharves
that we learn that the wharfngers have within
In the past two days. been compelled to remove
To warehouse 10 900 sacks of cotton seed from the
upper levee.
At The request of the Commissioner OF Agri-
culture, at Washington. the New Orleans Cotton
Exchange will send samples OF cotton handled
In this market TO the United States Agricultural
Department, to be exhibited at the Paris Expo
sation OF 1878.
Alabama, Georgia. Louisiana. Maryland,
North Carolina, Virginia, West Virginia. South
Carolina and Tennessee. with population OF
little over 100000 have an aggregate state DEBT
OF s17g,443 .2U7. or over s22 per capita, to say
nothing Of the great municipal debts OF Balti-
more. New Orleans and other cities.
Kansas City Is a live place. Her business men
held q meeting last Friday to consider the prac-
tjcability OF establishing line of barges on the
Missouri to st. Louis. The meeting was q
large and enthusiastic one. and 1t was deter
mined to at once form stock company. with
capital Of $1,000. to carry out the project
The United States sued exGov. Smith. OF Viz
.ginia for $4,000 ia gold alleged to have been
taken by him from the Confederate treasury on
the day Richmond was evacuated. The United
States Circuit Court at Richmond decided that
II he did so take the money the United States
were entitled to judgment. but the jury failed
to agree and were discharged.
The Nashville American says: "A shipment
OF 1000 barrels OF -four for Liverpool. via Pensa-
cola, Fla. left here Friday evening on theiLouis-
ville Nashville and Great Southern road. There
was very little difficulty in raising the ship
msnt. which is the second OF the direct trade
movement with Liverpool II is very probable
another large lot will leave Nashville Tor that
point at an early date"
The steamship Memphis. OF which that able
seaman and cultivated gentleman. Capt. Mel
lon, Ia the commander. has Just made the quick
est trip on record. according to our memory.
nrlu aoI Tiyorr
left tho Passes on the evening OF the
eth inst having cargo Of 55s7 bales OF cotton.
and arrived at Liverpool on the evening OF
Tuesday, making the run In sixteen days and
ten hours, The Memphis Is q splendid ship.
and the many friends of her noble. generous
hearted captain will always be glad to hear
favorable news Of his exploits. nautical and
otherwise.
The largest and most profitable railroad In
the world-the East Indian. from Calcutta to
Jubbulpore and Delhi-will be sold early In
1879, and the Indian office is already provided
for 1t. The first twenty-five years Of it's exist
erce have expired, when. under the conditions
OF Its incorporation. the Secretary Of State has
the option of taking 1t at cost price. The CAPT.
tai is ESQ $780, o0 and the annual dividend has
reached nearly per cent. while the working
expenses are lower than on any other line. As
the government guarantees per cent on the
capital. and advanced not q little in the earlier
years of the railways history, the account is
somewhat complicated, and the interests in
volved. alike to the country and the sharehold-
ers. are Of some magnitude.
THE wooden man ufacnrers, dealers and i'm
porters of Massachusetts have learned some
thing by the present depressed condition OF the
wooden interest. They find that 1t Is largely
due to the operations Of q tariff which. by i'm
posing heavy tax on imported wool increases
the cost of making WOODEN fabrics in this coun-
try. SO that when the home market fails. our
high priced fabrics cannot be sent abroad to
compete with the manufactures Of other coun.
tries. They have, therefore. united In n memo.
rial to Congress asking that the duty on wool be
greatly reduced or removed altogether. The
coarse woods are not grown In this country al
all; they are imported from abroad. and as they
enter largely into our manufactures, the memo
rialists ask that they be admitted free Of duty.
The Cotton Exchange and the Pacific
Railroad.
Mr.. Henry G.. Hester. the able secretary OF the
institution, has given official notice Of Il genera
meeting OF the members OF the Cotton Elk
change to be held this Thursday evening, t.
hear the report OF the committee appointed BY
that body, on the condition and prospects OF thu
New Orleans Pacific Railway Company. 1t Il
earnestly hoped that there will be large attend
ance of members on this occasion. We ma!
indulge In speculations concerning our trad
with South America. Cuba and the Spanish
Main, but. at this period. our most immeG lat
relief, as far rs New Orleans Is concerned. is Il
be found In the resuscitation of our trad
with Texas, more especially with tn
northeastern portion OF that State.
To bring about this contamination. the com
pletIon OF the New Orleans Pacific RailWa