The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-11-30

Tbere was large expectation Of cotton
vegtertjav to European ports, Six vessels
cIeared, with cargoes aggregating "a, 0Oo bales.
State Consols closed firm yesterday at 1874
o77o against 781Sll782G on Thursday. Pre-
MUM Bonds we're weak at 1874 0g28Is, against
289z042851 on the previous day.
In Buenos Ayres they have plenty OF paper
money, but 1t takes $31 81 OF it to buy eo'o
dollar. A thousand dollars Is not an extraVa-
CANT price to pay for q suit OF clothe7' anu iol
$1,000 or $1,000 q year man may ieh' '0A
snug cottage. -
Tho New York World is running Tree en-
n1ovrncnt and intelligence Office III mas no"
heen omen five weeks, and during that Time
o245 servants and 1t7G employers have mace
,,se of IT, In to this time 800 employers nave
hoon provided with competent servants and
con eervants have been put into good places.
ar this large number only fourteen servants
have expressed dissatisfaction with the places
found for them, and twelve employers have
complained of the servants engaged by them.
The work Of the bureau is increasing, and
from 80 to 300 letters are received daily.
There is no lack Of confidence among the
TREASURY DIIlGIL, vi tlit hotltpy ~ o" ~'D'NAN
qnent to proceed with resumption on and
after january ], without the slightest
hesitation or difficulty. With $33G,e0O,oOo OF
greenbacls nominally outstanding, OF which
about S1OOO(O,00O are now in control OF the
government, and not liable to be presented
for REDEMPTION, besides $2o,0o0,00o lost or
DESTROYED the available coin supply OF
s14O,OoO 10000 will cover the entire liabilities
with the exception Of $8G,OOO,0oO. Inns Short
age OF coin is not likely to ever be felt, since
the S9G, 900 900 Of greenbacks unproVid6d tof
would remain in the hands Of the people ana
71nnrnsented for redemption if only 50 Of legal
tender paper currency were retained by each
inbabitant Of the United States.
There are 300 private bills on the House
calender Of the United States House Of Rep
resentatlves, besides such important meas
1,res MS o. bill to establish postal savings
deDositorv as H. branch Of the Postoffice De-
partment, and to aid in refunding tho interest
bearing Indebtedness Of the United States !,
bill to provide ocean mail steamship service
between the United States and Brazil; Dill 70
transfer the office of Indian affairs from the
Interior to the War Department.; bill relating
to taxes upon tobacco incomes, and other In
ternal taxation; bill granting pensions to
certain soldiers and sailors OF the Mexican
and other wars named therein; bill for the
restoration of wages In the government print
ing office: bill to apply the proceeds Of sales
of public lands to the education Of the people
bill to retire the circulating notes OF the ma
tional banks, and for other purposes 1t ta
believed al the bills will be passed before the
fourth of March.
A decision of interest to brokers and joint
stock companies wss recently rendered in the
United States Supreme Court, at Washing
ton in the case Of the Western Union Iele-
graph Company against Henry W. and kath-
crime J. Davenport. The question involved
was whether or not a joint stock company Is
liable to an individual stakeholder for q cert1-
ficate Of stock which has been stolen from him
and which the company, upon q forged power
of attorney, has transferred upon its books to
another party The court held that there can
be no question as to the right OF such stock
holder to have his stolen shares replaced and
aproper certificate issued to him therefor, and
to receive all the dividends which shall have
accrued thereon since the unauthorized trans
fer. Forgery, it is held, cannot confer any
power or transfer any right. The officers o
the company are the custOdians OF the stocf
books, and it is their duty to see that al
transfers Of shares are properly made, e1thel
by stockholders themselves, or persons hay
ing authority from them. If, on presentation
OF a certificate the company is in doubt as Il
the authenticity Of conveyance or the iden-
tity of g. person, it can require the genuine
ness of the one or the identity Of the other tt
be satisfactorily established, but in either cast
It must act upon it's own responsibility.
While the commerce Of the country does
not terminate for the year until the thirty
first Of December, there are number o.
branches that close with the termination o
navigation. Lake navigation In the North
west virtually closes on the last day OF No
yember, and the New York State canals viii
officially close on Saturday, December 7, I'M
less navigation is suspended at an earlier
day by ice. The season has been O busy one
with the bontmen; and yet they have, on tht
whole made but little money, owing to low
rates, excessive terminal charges, etc. Elk
ports from the seaboard continue fair, and the
New York Bulletin says that the four trans
Atlantic steamers which sailed from that pOr
on last Saturday for European destinations
in each instance were loaded to their full ca
pacity. The export Of grain was consider
ably below the average, amounting in all t.
but $4,000 bushels, while Of butte
there were 1920 packages all told
A new feature Of the foreign business
WIS q consignment Of oysters to Germany
the first shipment Of II barrels being sent t.
that destination by the Bremen steamer
There were in addition 900 barrels Of oyster
for the English market on board the Liver
pool steamers, and fair sized consignment
OF eggs for Scotland by the Anchor Lin
steamer. There were no cattle, but the re
frigerators had stored away $40 tons and 100
quarters Of fresh beef, together with 200 cal
of OH bc National too