The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-12-11
Commercial and Financial Matters.

Commercial and Financial Matters.
The bark Vanadis cleared yesterday for
Rouen with 1900 sacks and 21.327 bushels Of
wheat In bulk. z.m.5a.=. .z
The steamship New Orleans sailed from
this port yesterday for New York with ITO
hogsheads Of sugar and $3.50 barrels Of molas-
ses, besides other articles of cargo.
State ConsoIs closed weak at 72le0l72a4,
against 74074'4 on Monday Premium
Bonds ruled at 2eIa02Gs4, against 2G1a0o2Gsa
on the previous day. The sales at the Stock
Exchange summed up s373,oo0 Of State Con
soils and $4,000 Of Premium Bonds
Great Britain last year imported oranges to
the extent of 3,533,7al bushels with money
value Of S., 73s, s25. This is an Increase since
1860 of 2, 379, 7s1 bushels, showing that the con
sumption III eighteen years has multiplied
threefold.
The steamboat Future City, with bargcs
arrived here last evening with the following
, items Of cargo 81 800 bushels of corn, 43,o57
Y bushels Of wheat, 2O306 bushels Of rye, 1853
barrels of -four, 7s49 sacks Of corn, G747 sacks
OF wheat, go bales Of cotton, 1923 sacks of Oil
cake; also a large amount Of other freight.
At q meeting Of the Board Of Directors of
the New Orleans Cotton Exchange, held on
the ninth instant 1t was
Resolred, That the dividend declared pay
able on the tenth of january. 1879. shall he
payable only to such parties MS stand on the
books as stockholders January i. 1879.
By order Of the board.
IT, q. HESTER Secretary.
The Paris Exposition did not pay as largely
as our Centennial show, but 1T amused d
larger number Of people. The total admis-
siOns to the Paris Exposition We're 1902, 725,
against total for the Philadelphia exhb-
tOn OF 9,910,gGG. The Paris affair was open
more than q month longer than the one at
Philadelphia, and the actual receipts at the
latter place were about 50 per cent larger
than at the former
Trade at San Francisco and along the Pa
cific coast generally is much more encourage
Ing than 1T usually is 50 late Ia the season.
The latest Price Current puts it in this way
We hear no complaints Of dull times, but
rather Of small profits on the large amount of
goods trusted out and sold to interior mer-
chants and traders. With full average crops
and good prices for grain, money is quite
plentiful, and, on the whole, business affairs
/ gre satisfactory outside Of the mining stock
7 ing
DR. Little, State Geologist of Georgia, and
q competent authority, estimates the yield Of
gold In Georgia for the year past at fully
100000, or more than one-half Of CALIFORNIA;
great yield In 1872. In that last named year
Georgia mines yielded but $4,000. Hall,
White and Iumpkin counties contain the
greatest deposits tho three lying side by
side, running from east TO west. Dahlonega
Lumpkln county Is at present the most i'm
'portant mining point in Georgia.
L Yesterday a telegram was recei we'd from New
York stating that the newspapers of that city
state that the average increase of cotton In
Louisiana outside of the river parishes is
eighty per cent and asking whether this re-
port Is correct and how many river parishes
there are. To this Mr.. Hester. the secretary
u the New Orleans Cotton Exchange replied
chat reports from fifteen river parishes had
beer received, the average decrease Of which
s estimated at 81 per cent Reports from nine |
Upland parishes show an average increase Of
rs per cent The report of the Associated |
Press of 80 per cent, instead of IS per cent, is
grave and inexcusable error
The distresses Of Great Britain's business
interests are emphasizedb by each days report,
hough the cable is silent as to many Of the
most serious details. The closing of the Gale
lonian Bank In consequence of It's liability |
or the deficiency in the City of Glasgow
yBank--if that Is the real reason and the
ecent news that another important
provincial bank, probably the one whose head
effiee Is at Bristol, is in difficulty are wrecks
o great that no care can conceal them: but
is undoubtedly the present effort Of the Brit
sh press to avoid, as far as may be, publication
I the full chapter of disaster. Since the first
October. say London letters dated Novem-
Or 81, over one hundred and fifty failures
I've occurred in Scotland, traceable directly
indirectly to the Glasgow Bank, and that
ese are Of high Importance in the mercantile
rid Is shown by the fact that forty of them
We aggregate liabilities Or $12O,OO0,OOo
% depreciation in bank stocks has itself
N frightful, the capitalization of
en- leading Scotch banks stood in
market quotations at $12o.OO0,OOO
October 1, while on November 1G it had
lined to $94,00O0O0. In the ClytIesdale
k the fall had been SGlO per share, and In
others from $175 to 1925. Such disasters
hese are appalling In their magnitude:
'orical emphasis to make them more dis s
or illustrate their seriousness Is uncalled !
LII may be safely said that such expe- {
'es as Great Britain now endures, day by s
and from which there appears no prom 4
early escape, never have been known in d
nited States, even in our years of worst 9
5Ssion.
ANCIAL AND COMMERCIAL. 5