The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-03-22
Commercial and Financial Matters.

OVMM6TClh &uu luuuCl6l WHtIerSs
The steamship Halcyon cleared yesterday for
Bremen with IS 600 bushels of corn In bulk.
In the United States alone, $50 ,ooo, 900 are In
vested In the Ice business. and not less than
5000 600 tons are consumed annually.
During the past nine months 1889 PERSONS
mostly from Ohio and Indiana have settled in |
Tennessee and principally In East and Middle |
Tennessee. but few of them coming to the
Western District of the State.
The immigration to Kansas this year tar ex-
eeeds that Of any previous year. and all the
Missouri lines to the West are taxed to their
utmost to accommodate the travel Ii 10 SAID
that 5000 people located in Kansas last week.
The Texas immigration still continues large. |
but the season is almost past for so Southern |
State --
The stock market o-day has exhibited more
than its usual activity. The shares sold summed
ND $685. among which we noticed shares of State
National Bank, ranging from $4,000. Factors
and Traders Insurance Company at 1o3'E, and
other sales. which will be found given in de-
tail in another column. under the regular head
ing.
There was considerable animation yesterday
In the Cotton Exchange and on the street in the
matter Of State and city securities. as we'll as IN
some descriptions Of stock. In State Consos
the sales amounted to s572,50o, at prices varying
from 7gto 773l-and the market closed at 775SGg
77H. In Premium Bonds there were sales foot
ing UP 1901 900, and the market closed easy at
36@36A.
The milk dealers. within radius of fifty
miles of New York city. are trying to induce the
Legislature of New York to fix a maximum rate
of one cent per quart for the transportation OF
milk to that city by rail- They claim that the
Erie Railway earned $4,000 last year from the
milk traffic. of which $4,000 was profit. and
that the total profit of the roads running into
New York city from this source was over $4,000,
600.
In round numbers the public debt OF New
York city Is $3.50. 100000. against s34 1000 900 ten
years ago. Below Central Park the World says
the city has nothing to show for this increase of
SIG 900 600 but broken pavements. dirty streets.
rotten wharves and iecaying docks. So great
have these evils become that the city must in
crease its debt still more for needed improve
ments. or be prepared to see the harvest Of the
West and the commerce of the sea slip from its
grasp. and it's real estate reduced in value by 80
per cent below its present rates.
novel and singular branch of business has
been inaugurated in Boston, viz. the public sale
of patent rights DIT auction. The object is to
bring inventors and buyers Of patent rights to-
gether, and to this end models and inventions
of all sorts are to be received, placed on exhi-
bition. and put up at public auction on regular
and stated days. The firm which has taken it
in hand is an old established one. and. accord
ing to Boston papers, the enterprise promises
to prove of great advantage to inventors and
those operating in patent rights.
The Union Dime Savings Bank of New York
has been calling In a large amount of its mort
cages. This is tune to strengthen the hank
against any run that may occur, and to meet
the request Of those mortgageors who wish to
reduce the rate of interest they are paying.
The bank has paid out $15oo.ooO to depositors
since January l. 1t is reported by the Bank Ex-
aminer. Best, to have s425,OoO surplus. and it's
trustees claim they could pay every claim and
have half a million dollars left
The United States Consul at Brussels reports
to the Department Of State that while staple
American articles of cheap supply meet with
ready sale, the special productions and inven-
lions are meeting with slow success on account
of the baekwardness of the people Of that coun-
try to take hold of new inventions. This fact
suggests to the commercial industry of this
country the necessity of better organized ef-
fort In pushing trade with all foreign nations.
The establishment of depots for the exposition
of American wares. and the employment of
capable men to represent American interests.
are of vital Importance
Says the Shoe and Leather Reporter: Our ex-
port trade in boots and shoes is. in volume. far
from what it ought to be. Instead OF 100000
to $4,000 900 year. it should be $2o,oOe,00o. We
lead the world in the line Of manufacture. pro-
ducing over S150,oeo.OOO worth of sale work
yearly and our manufacturing facilities, rem
dered unapproachable by low-priced materials
and most effective labor saving machinery,
place us in the van Of competition. Our enter
prising boot and shoe merchants and manufac-
turers will do we'll to look more closely to their
interests in the direction of cultivating foreign
trade.
The New York Tribune says the Southern
claims" amount to s154 0OO. 900. They ought to
amount to good deal more according to the
Louisville Courier Journal, than that. if the
South had justice done her in the way of inter-
nal Improvement The government has spent
more than 1854 900 600 OH New York and its har
Dor, and the Tribune and other journals of that
city now calling for SAC, 1000 or $4,000 900
more to cut canal across New York island blow
up He'll Gate and improve" Harlem river-all Of
which work is merely to enhance the commerce
of New York. We advise the New York Tribune
to get out of its long baby clothes and be manly
enough to confess the weakness of its position
and the selfshness of its motives.
The following opinion of the United States
Supreme Court. delivered by Judge Hunt. may
be read with profit by those who are appointed
to adjust losses and measure damages: 'Insur-
ance agents. as well as other persons know
with what partially most men estimate their
property. and how much more valuable they
esteem 1t when their own tran when it is their
neighbours. They do not object to this princi-
pie when the premiums are received for issuing
policies. 1t is only when losses occur that they
seek to apply the more rigid test of actual