The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-02-28

Sewn vessels cleared yesterday with careoes
aegrseatlngg 2a,1e. bales Of cotton.
Tho British steamship King Arthur ceareas
Yesterday for Dunkirk. France, with 3S'Ao
bushels OF corn in buk.o
A prize OF 1000 marks is offered by the Vere1h
Sur Teuschen Gewerbhess for simple ana
Sxact method of Stecting the adultefa''oh VI
q beer with glycerin.
The stocks Of raw sugar at Boston. New YORK
Phjladephia and Baltimore were as follows at
corresponding dates: February al. 1878. 35,eil
tons; February %. 1917. 1908 tons.
Tho following il the amount Of national bank
. circulation outstanding: currency notes 1920
800. 1870, gold notes. e1,432.12o. The amount Oh
outstanding legal tenders is s34a,llo 44.
The steamboat John Means. with three barges.
arrived here yesterday from st Louis with the
following cargo of grain: 46775 bushels OF corn
In bulk. 14725 bushels of rye. 20o1 sacks OF rye,
14o2 bushels OF corn and 1894 barrels of -four.
The London Economist says There is every
appearance that tho adoption OF silver in
America as legal payment Of bonds will be fol-
lowed by the adoption of that metal for other
payments and widely that the value OF the
dollar must rise perhaps to par.
The Gar demands Of the Porto the trltllDg
sum Of si ,226. 900. 900. The Porto has an empty
TREASURY and owes sl.2oo,oooooo to England.
Austria and France. England is a creditor to
the extent OF 5000 900 600 The Porte Is decidedly
bankrupt and tho Gar will probably take real
estate and iron clads for his claim.
The freight capacity of tho government ships
Constitution, Supply and Wyoming being in
sufficient to accommodate the goods offered for
the Paris Exposition. tho ship Portsmouth has
been placed ut the disposal of Commissioner
General Mccormick All space in the Ameri-
can department has been assigned.
The mldness OF the winter has greatly inter
fered with business and the marketing of the
crops in tho West. The corn crop in Illinois
alone is estimated at 10000 900 bushels and the
wheat crop at s25oo.ooo bushels The greater
part OF this still remains to make traffic in
some form for the railways and steamboat
lines.
The business done by six Hartford Comm
FIRE insurance companies during 1877 sums up
thus: Paid for losses s3.s53,7s7 SO: dividends
si.233,b 72; gross income, s7.5t2676 I'll gross as
sets. January l. 1873. st5.745,480: total surplus
over liabilities ss9l22 ss These companies
paid out in losses slo,777 aday for every day in
the year. including Sunday: $40 an hour for
every hour In the day. 81 4s d minute and 121s
cents a second.
A telegram from London says that the Times
attributes the recent rise in the price of silver
To have been the result for the most part, of
speculation. Its maintenance consequently
depends upon the present holders being re.
relieved Of their purchase by the actual de-
mand. The Economist says that the rate of dis
count In the open market has been firm at Ia
per cent on a rise In the price Of sayer. which
- 10 due to the passage of the Bland silver bill,
speculative absorption of India consols paper
and the purchases by Russia from Germany for
coinage purposes
Q The Boston PRODUCED exchange has recently
expelled q member for issuing false market
quotations. and 1t is stated that many OF the
members of the New York Produce Exchange
are moving to protect themselves against q
similar reprehensible practice theEe. 1t is as
serted that. to obtain consignments. market re-
ports o-calledl are" issued by dealers naming
figures materially above anything that ca n pos
sibly be obtained; and the country shipper who
is too careless to investigate. comparing these
with returns made under corresponding date
by the honest merchant. feels aggreved and
changes his oonsignee. On the other hand IN is
management In the handling OF consignments
Is said to be covered by the tone Of circular
under quoting the market rates, or giving such
other false representations as may be necessary
to accomplish the object In yew
The gross imports of the United Kingdom OF
Great Britain for 1877 exceeded those of the pre-
vious year by the sum of S94 600 600. OF this in
crease. $4s4oo 600 for articles of food for hui
man consumption. The total import OF such
articles for the year amounted to more than
This md lyo nj, nj,
intended for food meats Of all kinds. wheat and
Uour. Indian corn rice butter, lard, cheese
eggs, fish and potatoes: and does not include
tea. coffee or sugar. In English custom house
parlance these last named are not articles Of
food. In view Of the present attitude Of Great
Britain in relation to the Eastern troubles. her
ability to sustain herself as far as regards food
Is OF great interest. AS pertinent to this sub
ject, we take the following from the London cor
respondence Of an exchange. dated February 9:
Thirty years ago the import of food was not
seriously large. In 1916 foreign breadstuffs
were imported to the amount of only seventeen
pounds per head Of the whole population Of the
country; in 1855 1t had increased to seventy
pounds in 1865 to ninety three pounds; and in
the past five years the average annual import
peem oyer o for h each IN the
consumes a little more than five bushels. or 800
p 2?Ih1phds OF wheat or other grain yearly. aud it
nearly, wothirds of their breadstuTs from
abroad: It should be noted. however, that three
seasons OF the last five have been rather indif-
ferent ones. and the average may be abnor-
mally high in some measure. Nevertheless the
increase is uniform and rapid and Great Brit
ain Is fast nearing the time when fully two
thirds Of her bread supply will regularly come
from foreign countries. 1890
the future prosperity of the country how this
comparatively new condition of things Ia to he
#borne, 1t is nothing less than a revolution.
Less than nifty years ago England may be said
to have produced the entire food supply Of her
then insigniti ant in comparison with the bo Ma
product Now, the former relations are fast
t nIelng reversed. Some economists Insist that
10 one OF the esseHtial features of nationnl