The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-12-12
Comm ercial and Financial Matters.

Commercial and Financial Matters.
The Princeton (Ky1 Banner says "Major
Clement, of Crittenden, left for New Orleans
yesterday on flatboat starting from Weston,
carrying 5000 bushels Of Irish potatoes, 100
hogs and other truck which he will coast
along the river and wind up In New Orleans.
State Consols closed yesterday iirmer at
727s0l731s, against 721a0G7274 on Tuesday
Premium Bonds closed quiet at 26' shD26 :,
against 263sN2Ga. on the previous day. me
sales at the Exchange amounted to S2l3ooo
of State Consols and $4,000 OF premium
Bonds.
North Carolina seems to be taking steps In
the right direction by raising less cotton ana
more grain. In 1877 q, 800 acres of land here
fofore givop To cotton were devoted to cereals,
producing 525, 900 bushels OF corn, 100000
bushels of wheat, 5000 bushels Of rye, 100000
bushels Of oats and 5000 tons Of hay more
than IN 1875.
The st. Louis Tmes-Journal says: Thirty
four steamers at the New Orleans wharves
all at one time, waiting for grain from st.
Louis, testify silently but most effectively to
the fact that the great barricade to the com
MERGE Of the valley Of the Mississippi lies be-
tween us and New Orleans and that it Is no
longer to be found atthe rivers mouth"
1t Is said depression of business in England
is putting life in the protective tariff move
mcnt in that country. The kentish hop
growers are calling upon the government for
protection against foreign rivals, and mutter-
ings of discomfort against the free trade
system are heard at the great manufacturing
centres. The agitation OF the subject has
reached a point where its discussion in cabinet
meetings has been deemed necessary
An official statement submitted to the Vir-
gnia Legislature shows that the total State
debt proper Is S29, 3G7, 95S, Of which $S,00O,0O0
is held IN Virginia, Sl3,00O,00O In other States
and the remainder In Europe. The House Of
Delegates has instructed the Finance Com
mttee to inquire whether the present State
of Virginia is liable for the whole debt of old
Virginia, which includes the one-third set
apart as West Virginia's quota.
The Philadelphia Times says: or late the
skill of our cheese makers has so much i'm
proved that we can make any OF the cheeses
OF the world Much of the Swiss cheese of
various brands which is eaten IN this country
is made in New Jersey, and the Stilton, long
the pride Of Old England, is successfully im-
tated within n few miles of this city. Even
the far-famcd and odorous Limberger Is said
to be produced somewhre near New York in
all the strength Of the native and genuine
article.
AS the law provides that coin received for
duties on imports shall be applied first in
payment Of the interest on tho bonds and
notes of the United States, it may occur that
the despised silver dollar will find its way to
the pockets OF tho bondhoders, who now SO
foolishly decry the old-fashoned coin. As
the Secretary Of the Treasury Is given no op-
ton In the matter, and as silver is received in
payment Of duties on imports 1t must, in the
nature Of things, flow out in payment Of in
tercst. Mr.. Beck's resolution Is intended to
cover this point
In his opening address before the Interna-
tionaI Dairy Fair in New York, Horatio Sey-
mour gave the dairymen an idea of their i'm
Sortance by stating that "our dairy product
Ennually exCeedsiin value the $500, O0O, 900 of
bank currency, and by showing how the foot
hold OF our butter and cheese exports in Brit
ish and other markets is to be made porma-
nent by our cheap and fertile lands and better
methods Of manufacture" At this fair there
were 10000 packages of cheese from all parts
of the world. and one huge pyramid consist
ing of ten tons of foreign and domestic cheese
of different colors, and surmounted by the
figure of an Attorney COW, resting on ten
cheeses which weighed three and half tons
On yesterday cotton in Liverpool went
down to 81 8 pence, and in New York to 3-16
cents the lowest point that the staple has
touched since the war. Thinking that it will
prove interesting to our readers, we publish
the following, showing the fluctuations in
prices during the twenty years prior to the
war. These figures are taken from 'statis-
teal view Of cotton" compiled by Mr.. George
Foster, formerly Of the firm of Foster 4
Gwyn, of this city, now planter in Concorda
parish: