The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-07-14

8
Commercial and Financial Matters.
riFtaen hundred pounds of hair, trimmed
4,o,n horses at branding, was shipped from
Tso,,Inont. Texas last week. 1t Is worth l21a
cents per pound In New York
1,ro,n Massrs, Small Il Co.'S weekly coffee
...a+oynant we learn that from the first OF
.Jnlv to Yesterday there had been no sales or
s.,,,,o,+s ~ Rio or Mexican coffee at this port.
Tbe stock of Mexican on hand Is 1900 bags.
rho Shah Of Persia only took with him to
paris thirty-six boxes Of gold coin, valued at
so4 600 per box. Few people would object to
receiving such box in the ear.
According to Dun, Barlow Co.'S mercah-
tile agency circular there were ninety failures
in Louisiana during the past six months,
with liabilities amounting to $4,O8O,7O6,
against thirty-one failures, with S44,518
liabilities, during the same period last year.
In State securities yesterday there was
fair movement, with an advance In rates.
State Consols were firmer of 49, a07S7s, against
77Ssm775s on Friday. The sales footed up
S34. 900 at the Exchange, and $358,OOO outside
Premium Bonds were very easy at 337sN331s,
against 331S039a4 on the previous day. Sales
$4,000. -
Paper money In France has the same value
as gold coin, It consists of Bank OF France
Enn- l
notes Of the denominations OF 30, lOO 300 ana
1000 francs. The current gold coin consists
of pieces OF francs, 10 francs and 20 francs.
During the French empire large pieces OF 40,
80 and 100 francs each were issued, but the
present government has discontinued coming
them The silver coin issued is In pieces OF
20 confines, "a franc, franc, francs and
francs; the copper coin in pieces OF and 10
confines each.
A number of complaints Of hardships en-
diured by parties from the United States In
Brazil have recently found their way into
print, and now q Para correspondent OF the
New York Herald writes that "the Emperor
frankly stated to an American civil engineer
who waited upon him by invitation at his
palace in Petropolis, that, owing to the pow
erty and general drainage OF the resources
OF the country, this was no time for foreign
ers 10 come to Brazil. The government was
expanding about 100000 per month to re-
move the starving inhabitants from the
Dlague-stricken province of Cerea, and must
commence public works and extensive inter-
nal improvements to employ these men,"
The reduction of the price Of lager beer in
Cincinnati to three cents glass or five cents
a SCHOONER" was brought about by O. long
controversy. Chicago man went down
there and began selling good beer at five
cents schooner" For long time the price
has been Ave cents a glass, and schooner
Ten cents. Thereupon, when the ChfcaEo man
advertised that he sold schooner for five
cents. 1t produced almost as much sensation
in oil circles of Cincinnati business and social
life as IL the price Of bread had been reduced
pne-half The other retailers Conspired to
crush the foreigner by cutting off hissupplies,
and the Cincinnati brewers unanimously re-
fused to sell beer by the barrel to man who
would sell it for five cents schooner.
The man from Chicago transferred his
patronage to brewery in Coving-
ton, just across the Ohio river, and
obtained beer that great many drinkers
Thought to be better at s cents schooner
chan the Cincinnati beer at 10 cents. But the
Cincinnati brewers bulldozed the Covington
brewer 10 that In little while the reformer
Nould not get beer In Covlngton. Nothing
Haunted, he then sent to Milwaukee for his
s,,pplieg and notwithstanding that he had to
nav freight he yet sold SCHOONER for 5
cente Now the Milwaukee brewer enjoys a
reputation hardly Inferior to that OF Cincin-
natl, and the sale OF It in Cincinnati at half the
price Of Cincinnati beer was not at all reIished.
The Cincinnati brewers made statement OF
fhe facts to the Milwaukee brewer, and re-
uuegted him to sell no more beer to the Chi
cago man. That Milwaukee brewer wrote
back that he brewed his beer to sell, and when
anybody paid him what he asked for it he did
not care what the purchaser sold 1t for. The
Cincinnati brewers realized that they were
beaten, aud reduced the price Of barrel OF
beer to sc and OF keg TO 81 80, whereupon all
the retailers reduced the price by the mug to
3 cents. -
Credible authority estimates the total yield
Of precious metals In Peru from 1880 to 1903
at S1,232, 100000, of which three mines-the
Cerro de Pasco. Hualgayoc and Huantaxaya-
welded In round figures $S50000,O00. Nearly
fwo-ffths of this enormous sum was the
uroduct Of the Cerro de Pasco mine. But the
S340, 100000 yielded by this historical mine
was the aggregate for q period OF 173 years
Between 1545 and 1889 the total yield of Potosi
was s1,OOO,0OoOOO. The present yield Of the
thousand or more mines in the district Is less
than S2,5OO,O0O annuolly. Compared with the
product Of the bonanZas, says the San Fran
cisco Post, these mines, which placed Spair
IN the front rank Of the nations of the earth
and through which only her great military
and naval achievements were possible, thes'
tales Of almost fabulous wealth pale into In