The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-06-04
Commercial and Financial Matters.

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OF sugar the receipts yesterday from Ha'
Vana were Aa9@ hnus.- ..-L-.L.--.t ~ II t3&
New wheat from Texas Is quite common
in st. Louis markets nowadays.
The New York Bulletin says one firm alone
IN that city controls capital about equal tt
the whole importing capital OF any other OF
tho large Eastern cities
The grain area Is larger In the South thar
IL Inns been ut any time since 1866. The pros
meet of n F,1ropenn war has induced farmers
to nlant wheat instead OF tobacco and cotton
There are already ninety-one signatures II
The charter of the Cotton Exchange Mutua
Aid Association, and the permanent establish
mont of this life insurance organization Ii
Considered to be assured.
Competent judges of the coal trade predict
that an output Of 900 tons In tho month
OF June, added to the large stock already or
hand, will so overload the market that a
heavy break in prices will occur.
The market in State oonsoIs yesterday was
in an unsettled condition. They were sold ae
4,
and closed at T4GD7IH. Stocks were dull
and only one sale Of twelve shares was re-
ported.
The imports of coffee yesterday from Vera
Cruz and Tuxpan, by steamships City of New
York and Orator amounted TO 1877 packages,
G39 bags. 4l9 bales and 157 mats-the largest
receipts Of Mexican coffee we have had for
some months.
The New York Bulletin says that not since
1SGG-the year in which the national insurance
board was born-has the average rate of
premium been so low as 1t was last year and
is to-day. Meanwhile losses keep up, while
premiums stay down and business decreases
in volume.
The Galveston News of the first instant
SAYS: "To-day's mail brought from
Colorado county fully formed boil
of cotton three inches in Circumier-
ence 1t Is specimen from field
of 1Gg acres, and which, It no disaster occurs,
will be ready to be picked by the first of July,
which is remarkably early oven for that lati-
tude."
There are forty millions Of people In the
United States. If each ono economies but
$1O-saves that amount In food or clothing,
Of travel or luxury-the sum OF that economy
is withdrawal of $40O, 00OO 600 from the circu-
laton Of the country, and worse than that n
subtraction of 100000, 900 from the necessity
of production. In other words, IL is para
lytic stroke. II this be done several times
we have q succession Of paralytic strokes,
4bn t,,F hu
At O meeting of the Produce Exchange, of
New York. during the past week, attention
was called to the fact that New York last
year showed the smallest percentage of total
receipts of the country for the last twenty
years. New York exports annually 5000. 00O.-
600. of which one-third Ia produce The rail-
road discrimination against that city was
also charged, declaring that New York Is the
only city on the Atlantic seaboard which is
Disseminated against, by which the trade Is
drifting Westward
The secret of the great commercial success
OF England, says an exchange, lies In the fact
that she has learned to adopt policies which
shall at all times work the greatest good to
the greatest number, and that she has never
hesitated to change such policies as are nee
essary to carry out the success of that prln-
ciple.. Thus, by long years of experience, she
has been enabled to organize her commerce
so as to make every factor tributary TO the
English wallet. She makes every transaC-
ton profit from beginning to end. Not only
does she reap a profit In the manufacture Of
wares for export, but in their transportation.
prvIic CHI hyrF oh tInr
do the great bulk of ocean transportation, and
England gets the profits. When this country
puts business on the same basis, then will our
profits be doubled on our export trade doings
The s t, Louis Journal of Commerce makes
allusion to the growth of the bulk grain OK
port trade of St. Louis, as exhibited by the
report of the secretary of the Exchange of
that city, giving the amount OF shipments
from that port to New Orleans from Septem-
Der /, 1877, to May %, 1878. This amount Ia
stated at 1901, 30t bushels In the period
which compares with the movement of the
whole Of 1877 very favorably. The only def
cheney of the report is that 1t does not give
the different descriptions of grain and their
proportions. But the larger proportions
NVAN HlophpLy tNlhpoStd vi tplu buu Wi1edb,
although rye eventually assumed an impor-
tant position in the movement. The total
shipments of grain from st. Louis to New
Orleans in 1877 included 40O1 1893 bushels, as
follows: 3,578057 bushels of corn, 351 ,Si3
bushels wheat and 1888 bushels rye. So
that In less than nine months, from Septem-
Der to May 1S, the shipments of bulk grain
have been 100000 bushels greater than for tho
whole Of 1877, while the most notable increase
of it is demonstrated from December
We have already alluded to the depressed
condition of Brazilian finances. As efforts
are now being made to bring us into more
direct and Intimate commercial rcla-
lions with that empire, her financial situation
nnssnaSsns nt this tiLnnn nrIi ;,,Acr