The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-08-21


grown In Calabria and Sicily for those OF Bor-
deaux and Burgundy. Accordingly the Nea~
politan wine merchants have already begun
TO establish agencies in Canada, the United
States, Mexico, Brazil and Peru, and have
shipped thither numerous consignments OF
wines.
Lyons is rejoicing in plentiful crops OF silk
and In abundant demands from the United
States and the richer countries of Europe for
The manufactured article. Manufacturers are
putting up new looms and re-engaging dis
charged weavers in order to enter at once
upon period Of active work; and thus the
markets for raw silk in Germany and Italy
are feeling the stimulus of an unusual RISE
An effort is making to have receiver ap-
pointed for the South Carolina Railroad Com
pany on the ground, among others, that the
men now in charge of 1t are unskillful and in
efficient. From the companys reports, how
ever. it's misfortunes seem to be owing rather
I'd uncomfortable circumstances than to bad
management. With a sharp competition at
numerous vital points, and consequent de-
crease Of gross earnings from 81 100000 In
1873 to 81 100000 in 1877 the percentage Of
operating expenses has been reduced from
go per cent Of the earnings In 1878 to So per
cent in 1877, so that the net earnings In 1877
were S427 600, against $4,000 In 1873. This
showing, moreover, Is better than that Of the
Georgia and Georgia Central Railroads, both
Of which are regarded as among the best man.
aged roads In the neighborood.
A LIQUID for testing gold may be made, says
the Jeweler and Silversmith, with two ounces
OF nitric acid four drains OF water, and one
scruple Of muriatc acid-the articles to be
well mixed together and kept ready for use In
O. stoppered glass bottle, and the stopper to
have glass prong dipping into the mixture,
so that, when 1t Is taken out the article to be
tested may be touched by this prong with
some of the liquid upon 1t. But before touch
ing with the acid, a file should be drawn over
some part OF the article, SO as to make GER
tain that it is not gilt or plated and the liquid
should be applied to the place of the file
marks when. If the metal is base, the fact
will be Immediately detected, as the acid would
have no effect on gold. Qualities above nine
carat will stand this test. The acid would
boil more or less green in inferior qualities;
IL alleged with an extra quantity Of silver
they will only partially stand this test, but
the color OF the gold would then be considera.
bly, paler.
Immense quantities of American made
cigars have, within the past year. been sold
lii England, where they are eagerly pur-
chased as cheaper and more suited to the
popular taste than any cigars heretofore Inn
ported into that country. On one day in
March last single shipment was made ag
gregating 141000, and it is estimated that the
trade already returns at the rate of S4,00O,OOO
per year, equal to an annual profit Of 100000.
One firm in New York city has even started
factory exclusively for the making of cigars
for export to England. The foreign demand
for American cheese exhibits a growth un-
paralleled by any farm product, except per-
llaps, cotton. AS recently as forty years ago
the exports amounted to but Ali, 1888 pounds.
Last year they reached the enormous aggre-
gate Of 107 1854 ,666 pounds. Nine-tenths Of this
vast amount finds market in Great Britain
which formerly stood pre-eminent In the rep
utation of her dairy products.
The London Economist joins the London
Times In warning the public of the danger of
low reserves In the Bank Of England. The
Economist goes farther than the Times, and
points out that the gold reserves of all the
principal European banks are growing
smaller. The reserve of the Bank of England
Is decidedly weak, and raising the rate of dis
count has not yet produced any considerable
Improvement. At the same time there is
much greater probability of heavy drafts on
the cash on hand. New loans and new sub
scriptions for new undertakings have been
greatly stimulated by the certainty of peace.
The following table shows the great increase
In June and July Of this year of these de-
mands upon the floating capital Of London:
NEW CAPITAL OFFERED FOR SUBSCRIPTION.
1876. 1877, 1878.
First months .E22. 1923 s95 f1s761 $40 GA 4s5 732
June and July. 9,12s,664 8,sl6.9o0 2o,314 1880
Total for seven
months .es1 1862 $50 s22,57s BIO f34. 300 o92