The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-05-29

Commercial and Financial Matters.
The Italian bark Giuseppe Quinto cleared
Yesterday for Antwerp with 32,95o bushels OF
wheat Ia bulk.
Tt has been proposed 10 the Khedive OF
Egypt to convert into paper the cloth OF the
mummiee. of which it is calculated 420.W0,ooo
must be deposited in the pits OF Egypt.
The New England Farmer says that efforts
ore making to breed off the horns from stock'
as the domestic COW certainly has no need
for horns, beitg only inconvenient and dan
gerous.
The reduced rates on freight from Now
York to St. louis will not go into effect the
order for tas, reduction having been revoked
The rates wilf therefore remain the same as
heretofore. ~
A Newrl oxk;1iispatch states that Mr.. f. ).
Dunning. lax1er, who had made an assign
mont nag re- established himself. having paid
an average of ninety cents on the dollar on
nearly .1,ooo'"o"' -" "
virtue of dunnngr
The mill and machinery of the lnman Man
ufacturing Company, of Warren, H. L. anu
the land on which the works stand, have been
sold for $40. oOO-a depreciation OF about % per
cent Oh the original value OF the corpora"
stock. -
Thorc was a slight advance yesterday IN
state consols. and they closed stcadicr at 74Ts
oa7aa, against 1924 074 ON the previous day.
ri, coles amounted TO $4,000 or premium
honds there were sales of $75,0ON and they
oro ouoted easy at 34G34ts just as they
stood on Monday.
Five hundred new cheese factories, IL Is re-
ported. will be started in Iowa this SPRING at
other points in the West cheese factories are
also rapidly multiplying, and New YORK
paners mention the same TACT from 'ha'
state The steadily increasing export Ut
mand from the various countries OF f"rol'e
il no doubt the principal cause OF thls
increase in checse-maklng
The steamship Muriel. which cleared last
Saturday for Liverpool, and lelt This poto vi
Monday. was run aground few miles pe'ow
tbc ctv AT the Battle Ground Flats, where
she remained until o'clock yesterday alter
moon when the tug N. NJ. Jones succeeded LII
hauling her off The Muriel sustained no
damage and proceeded on her voyage. she
has on board 800 bales of cotton, 1861 barrels
If flour and 32OoS bushels of corn in bulk
Tho Pacific Rural Press reports that at the
recent shearjng at the Merino ranch, in Ala
meda county. California. the clip OF wool
fypm
wounds 26 averaging 81 pounds 6 ounces,
while Is rams averaged ~ POUNDS ounces
per fleece, some shearing SO pounds. some
of the leeces show length of staple OF over
four inches.
Tbree members of the Latin Union. Bel
rium. Switzerland and Greece have accepted
tho invitation OF the United States to an In
ternational Monetary Conference. Nothing
has been heard from Italy and France, the
remaining members of the Union. or from
Germany or Great Britain and there is very
little probability that either OF these powers
will agree to enter such conference.
The Cincinnati Price Current publishes adj
vices from summer packing points which in
dictate a scarcity and prospective dearncss Of
ice. which will probably exercise an influence
on hacking interests. Packers will either
have to bear the prices of hogs or advance the
nrces Of product The result will depend upon
the regular supplies of hogs Offering The
Price Current says of pork packing: From the
first of March t. the twenty second of May
the packing in the West amounted to ,o27. Sc
hogs, against s47, 500 for the same time las
year.
In the magnitude of the law suits brough
in her courts, San Francisco bears Off the
palm. Think of one for the princely sum o
S35, 634. 33s! One day last week complain
was filed in the Twelfth District Court of tina
city. by John H. Burke against the member
of the firm of Flood & OBrien. trustees o
the Consolidated Virginia Mining Company
Nevada Bank and Mill Flume and Waite
companies under control of the Bonanza firm
for the recovery Of S35 1913, alleged to hav
been wrongfully diverted by the defendant
from the stockholders Of the Consolidate
Virginia in their management of the mine.
The Baltimore Sun quotes New York pre-
vision dealer as saying, "hogs are nowhere.
Ii he had said that just now there is too niue
hog in the form of pork and bacon. and tina
the price for this great Western product is to
low, he would have stated the same fact tina
he leaves to be understood by implication
The over production of hog meats has I'll
doubtedly forced down prices far below wha
they ought TO be; but this has not been a
unmixed evil, for it has largely increased TIL
foreign demand and opened markets tina
might otherwise have been closed to US. I
what extent exports of our hog product
have been stimulated by low prices the con
narrative statement furnished by a conten
porary will show:
1s77-7s. 1876 7
Pork, pounds. .,..... 39,7s0,ooo 3s,l25, On
Racon hounds .. 39I ,2l5, 600 3G323O,0