The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-06-23

tive at S22<6183, against 811SC0S1L on Fri
The sales were $215,O0O at the Exchange,
and $4,000 outside, making a total of
$T25000 Premium Bonds opened at 80. and
closed at 331$@931{, against 325s@33 the
previous day, the sales amounting to $144, 600.
The New York Journal of Commerce thinks
that the doings Of the international none
tary conference will not command very high
respect In any quarter, II Germany, Great
Britain, Austria and Belgium persist in TAX
Ing no notice Of our invitation. France
Greece, Hungary, Italy, the Netherlands,
Russia and Switzerland which have CON
scented to participate in the meetings, by no
means embody the highest financial expe-
1aence and wisdom OF Europe"
The strike Of the Lancaster England opera
lives, which is reported to have come to an
end, is q fine commentary upon the strike
business During six or eight weeks 10000
people were voluntarily out Of employment
and, Rs their wages averaged So o week, they
lost not less than $4,OO0,00O. They have
gained nothing In the useless struggle, but
on the contrary, have impoverished them
selves and their families, while the mill pro-
prietors have, as usual, maintained their posi-
tion, and now secure these foolish people at
the rates offered them when they struck
One OF the items In the general appropria-
lion bill passed by the present Congress is
$4,000 for investigating diseases of swine and
lnfectious and contagious diseases to which
all other domestcated animals are subject.
According to the st. Louis Republican, the
chief object Is to find out what are the causes
Of and what is the remedy for hog cholera,
the Texas cattle fever and the pleuro-pneu-
moniar-these being the diseases whose rava-
ges are subject of the greatest concern to
farmers. The murrain, known as pleuro-
pneumonia, has been confined almost ex-
eluaiyely to the Atlantic States while the
hog cholera and the Texas fever prevail
chiefly in the West Very little has been done
70 discover the causes of the last-named dis
eases. although one of them-the hog cholera,
as IL is generally and improperly called
causes an estimated loss of S200O,0O0 a year
TO the farmers of Missouri and Illinois alone.
TIE Scientific American describes the silver
wzntng district of Massachusetts It has an
area OF ten square miles, and produces about
200 tons day, in ALL of productive ore. This
product is most of it piled up at the mouths
ef the different shafts, as the owners have not
the capital to set up the necessary machinery
The Merrimac mine has been the best worked
and has paid twelve dividends, aggregating
900. 1t produces gaIena, silver and gray
copper 1t is now operating vein of galena
which yields $40 atom. A pocket of gray copper
found some time ago yielded eight tons, which
sold in Liverpool for over $4,000 a ton. The
China mine, since its opening last fall, has
produced 300 tons OF silver Gre, worth S2UU a
ton, and some gray copper assaying $1,000 per
ton Auriferous pyrites containing 500 of
gold to the ton is found In the Noyes mine,
and Ralena assaying S26 ton of gold and sill
yer is abundant In the Newhall mine, and
throughout the entire district
The Cincinnati Price Current states that
many OF the Western boot and shoe manufae-
tuners are contemplating reforms in their
Nlanner OF doing business. They want to ar
rive at the general agreement to shorten the
terms Of credit, to abandon the practice of
dating bills ahead, and to limit the system of
drumming All these are good suggestions,
and might be carried out with advantage in
0NuSE ULhuCH5S Vi puSln6SS besides Lnat OF the
boot and shoe manufactures. Dating bills
ahead, which is simply another mode of Civ
ing long credits and increasing liabilities, is
pernicious custom, and one that has always
been fraught with danger, and this danger
can only be minlmized by returning, as the
boot and shoe manufacturers now propose, to |
short credits. The number of drummers sent |
West, not from the Eastern States alone, but
from all the great cities on the seaboard, is !
declared to be nuisance that ought to be
abated. while the system of underwriting re- |
sorted to in the competition for business not
only lowers profits below legitimate figure
but makes business itself precarious and un. !
certain.
The leading editorial In the London
Economist of late date contains the follow |
ing on the question Of Specie and the Pos
sible Demand for IT,"
There is an influence at work this wear
which may cause demand for specie here |
or at least diminution in the supply that |
might otherwise have come here which may
have considerable effect ON the stock of bull
lion held, and this is the resumption of specie
payments in America. Secretary Sherman
anticipates that he will want to obtain &c.
900, coo of gold for that purpose between this
time and January next, and we believe he
will obtain it. Whether this Is done by