The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-12-15

shin Nuremberg. for Bremen, carries out
1924 bushels Of rye in bulk and 10000 bushels
of oats In bulk.
The Wall street New York. correspondent
of the Baltimore Sun, III his letter Of the
tenth instant, says:
Lousianas opened with offers to sell at 10,
and this figure was obtained for $4,000. 1t
looks as III this market was being fed from
New Orleans. Later the bonds sold at ".
New Orleans men I'm business here assert pos
itively this afternoon that one of the directors
of the State Bank Of Louisiana had written
here saying that the bank (which is the Fis-
cal Agent would be unable to meet the Janu-
airy interest on the consols. IL does not fol-
low that the interest may not be finally Dor
rowed from some other bank. 1t Is believed
II this six months interest Is out OF the way
the coast hereafter will be clear.
New York has prospect Of q further re-
duction In It's expenditures for gaa. Tho bids
this year for lighting the public markets,
buildings and offices of the city show gen
eral reduction In tho price Of gas. The com
panies offered to furnish sixteen candle power
gas for from ~ Is TO 50 per 1000 cubic feet
the lower price being limited to the gas fur
nished to places consuming 10000 feet month
Iy Several bids at 81 20 per 1000 cubic feet
for gas was $2, and for that sum one of the
companies agreed to furnish gas of twenty
candle power. Tho bids of last year were
none Of them lower than 81 80, and some of
the companies then asked 50 81 and 81 rs per
1000 cubic feet
The cable is laden with frequent coniirma-
ton OF the striking sketch recently given by
I AZ AZ hn RAJ
Sun of tho difficulties that beset Great
Britain's trade and finances That country
seems to be losing its grip both upon the
manufactures and the commerce Of the world,
and its once unquestioned supremacy in trade
seems about to be challenged, If not shaken.
The changes In the cotton market are very re-
tnarkable and significant. Between 1920 and
1872 the Quinquennial increase in the exports of
British cotton manufactures ranged from q to
AZ per cent, equal TO from "A to SO per cent
per annum. Between 1879 and 1877. on the
contrary, the Increase was only per cent, or
Is per cent per annum. In 1919 the total cot
ton consumption of tho world was 2,514 900
bales, OF which Great Britain took ,372, 000 or
81 per cent Of the whole. In 1877 the total
consumption was 7,los,Ooo bales, of which
The United States now manufactures more
bales Of cotton than Great Britain did in 1912.
Since 1870 Great Britains annual consump-
ton of cotton has only increased 100000 bales, |
while that Of the continent of Europe, the
United States and India has increased $50,
600 bales. The consumption of cotton In
Great Britain last year was lSi. 600 bales less
than IL was in 1879. The decline which these
figures mark may be assumed to be more or
less permanent, since all the countries that
have ceased to take British cottons, or havere-
duced their imports Of 1t. have done SO In con
sequence Of manufacturing for themselves.
THE FARMERS AND THE PRICE OF PRO
DuCTs.-In some places the farmers are COM
planning of the low prices of their products.
There Is no doubt that prices have declined in
common with those Of other commodities;
but II the money receipts of the farmer are
less, his household expenses are less also,
so that falling market Is not without
its compensatons. Those who COM
pare the present prices of agricul-
turrl products with the prices obtained
in the flush times OF the war and afterwards
should take into account the fact that all
other things were eorrespondingly inflated,
and that what cost two dollars then can in
many cases be bought now for one dollar,
and perhaps less. If they compare
their condition with what it was fifty or
sixty years ago, they will have still less rea
son to complain. In 1890, says Virginia ex-
change, Valley farmer wanted to buy in
Staunton a saddle and pay for tin its equva-
"a ,Nfl
wheat. The cost Of tho saddle was so, and it
took forty bushels of wheat to pay for it.
The price of flour at Staunton ranged that
year from 50 50 to s. per barrel. and corn and
rye fetched but thirty-three and third cents
per bushel The best butter brought but ten
cents pound and eggs but eight cents a
dozen. 1t is well to remember these things,
and to remember also that those commodi-
ties that the farmer had TO buy, with the
exception perhaps Of sugar and coffee,
were higher then than they are now. There
never was time when cotton goods We're
lower than they are at present, and the same
il the case with clothing generally and when
farmers compare their condition with that of
tradesmen who have passed through four
years of almost unoxamplod depression, they
will find that II they have made but little
money, they have at least lost little or none;
and If they have been forehanded, have kept
their family well together. have lived off their
land, have had no house rent to pay, and are
so situated that they can wait without anxiety
or harassment the change that better times |
will bring to all Baltimore Sun, twelfth in
slant
d. III. HoIMEs-AdvertiseS in another column |
he has Just received. per steamer Oberon from
foreign ports a new assortment Of silks and
dress goods in colors. besides a very handsome
assortment OF laces. ribbons. ladies' ties hand
kerchiefs In silk and cambria infants robes.
piaue dresses ladies' skirts. childrens ready
L., IL.