The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-05-26
(gntsnerCiaI and Financial Matters.

tributed as follows: Steamship Muriel, for
Liverpool. $4,000 bushels of corn; bark Al
phonse and Marie for Rouen, 5000 bushels
of corn; steamship Vidal Sala, for BARGE
Iona. ~. 1916 bushels Of rye and / 900 bushels
of corn. In addition TO this, the Muriel car
red out 1861 barrels Of flour and 57l sacks Of
corn, and the steamship Margaret, for Key
West and Cedar Keys, cleared with 354s sacks
OF corn and s25 barrels of flour
The Financial Chronicle thinks that ii is a
hopeful feature in the present situation that
the loan which Mr., Sherman has placed
through the syndicate bankers, and the as
sWanco IL gives Of speedy return TO specie
payments has 50 increased confidence in our
securities that they are no longer returned to
us for our wheat and cotton and pork but arc
again being taken from us atimproved prices
We have therefore IN our improved credit,
says tho Chronicle, tho prospect OF an in
creased supply of foreign capital at low rates
of interest, 10 help US take now start in
developing our wonderful resources
At no season since 1865 has there been 50
large an area of grain In The Southern States
rs now. This is particularly the case in Viz
gnia whore the farmers In expectation of q
war in Europe. hope TO make more by raising
wheat than tobacco. For the same reason
planters In the cotton States have considera-
bly, increased their planting Of corn and
small grain for home use this year, feeling
how disastrous to them would be the low
price of cotton and tho high price of grain
which European war would occasion. In
the main the grain crops In this section are
very promising, rpening rs well as tho most
exacting husbandman could wish
Concerning the South American trade the
st. Louis Republican Of the twcnt y-first has
the following:
Mr.. A Hofr. who. IA n commercial traveller.
has taken an active part IN the efforts to do
velop tho South American trade out Of st.
Louis, returned from New York on Saturday
last whore he had been eifecting shipments of
goods sold by him to various points in Cen
tral and South America during trip under
taken some six or eight months since In the
interest OF St Louis dealers and manufaCt-
urers. He has established business connec-
lions and routine for future shipments to such
points as cannot be reached from New Or
leans. Mr. HotT saw Mr. John Roach the big
ship builder. and the latter was favorable TO a
line from New Orleans which he would back
to n certain extent, provided New Orleans. ST
Louis and Cincinnati would come forward
with material aid. 1t Is to be hoped some
movement will be inaugurated to test the
value OF these offers and protestations
The annual report of the Bank of France
for 1877 shows that during the year, although
specie payments were legally suspended, the
bank paid out specie to tho amount of $780,
100000, But most of this returned to the
bank, as the stock of specie decreased only
$22, 560,000. The circulation of paper de-
creased. between January 81 and September
10. $73,600,0oo, but an important interior
change in this currency was effected by the
withdrawal of small notes and an Increased
issue Of large notes. The discounts of the
bank were 81 1853 979. 26o in year. Tho aver
age amount of each bill was $3.50 and the aver
age time about one month. Since the formal
resum ption of specie payments. January /,
Che stock Of specie on hand has decreased
$l4.5oe,0 900, and the imports of the precious
metals are largely in excess of the exports.
The report Of the bank April showed Cash,
1929, 55s $50; discounts, $125. $50, 1885, treasury
bonds, $60.l50.O00; active note circulation,
SAT- .6s1 1850; public deposits $50, 1872 1879; pri-
vate deposits, SIT .54S, 961. The proportion be-
tween bullion and circulation was s39
TRADE IN ENGLAND.-Thc London Times
reports that the trade and navigation &C.
counts of the United Kingdom for tho month
Of April are better than any that have ap-
peared for some time. There is o reassuring
variation In the too prevailing gloom to the
extent of an increase of 81 per cent in the
value OF the imports. Tho Times SAYS:
The mass OF our imports II probably rather
greater for the four months OF the year now
expired than for last year, but SO far the
money value Is about Gl,O00,000 less. The
export side of the account would be more sat
isfactory than it is did we not find that there,
also, prices are steadily declining For in
stance, the increase in the export of cotton |
piece goods is - per cent while the increase |
in the value is only per cent; and cotton
yarn has increased over 21% per cent in |
quantity, but only about IS per cent in value
1t Is even worse with jute yarn although |
iute piece goods, possibly owing to the
varying character and qualities of the
keeps up in price but is much down in guam
tity, while WOODEN yarn and wooden cloths are
decidedly weaker in price. 1t results from
this that, as whole, the increase of over7
per cent in the value of the total exports of
the month does not quite represent the in
creased volume OF the trade which has been
done. 1t is, however, satisfactory in that the
demand for iron and steel and machinery and
millwork appears to be healthier, as it GER
tainly is larger, than it was, and throughout
the account there are indications which should
cause US to be hopeful could we be sure that
they are more than mere passing phases. For
the four months the value of our exports is |
about Il 100000 more than for the first four
months OF 1877. and this, coupled with the
lower value of the imports, indicates that our
foreign trade account is approaching a |
rather sounder position
RAILROAD PERSONALS.
Departures by the Great Jackson route this |