The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-25
Commercial and Financial Matters.

rbsre we're f,fty-twofailuies In Boston turing
r,ebember last, with liabilities OF salW 900. and
assets Of s2s7o.ooo.
The steamship Roumelia from Liverpool,
which arrived here yesterday, brought a5so
eanka Of salt besides miscellaneous cargo.
The elevators ut st. Joseph ere in full blast.
IT Ii true that 81. 10 merchants we're organizing
d barge line TO carry their grain cheaply down
the Missouri oSt. Louis
Silver il the instrument and measure OF com
meree In oil the civilized and trading parts OF
the world. Il is the instrument OF commerce
by itH intrinsic value.IJobn Locke.
Many Of the large farmers In Alabama nre
engaging laborers at SEQ and $50 per annum.
furnishing houses and rations. These rates
ara is to 40 per cent below what they were last
rear. .----
The Alabama and Great Southern Railroad
has Ind recorded the lrst mortgage for s.175.-
600. to secure the payment of bonds Issued for
+ the purpose of paying indebtedness and to
equip the road.
The long continued strike OF the London
rnasons will probably cause return to stuo-
coed house fronts. which were giving place TO
outsstone masonry.
The total trads Of Chicago for the past year
amounted to seal 800 900. and reckoned on n
gold basis. wns an advance Of / per cent upon
the business Of tho previous year. The manu-
features foot M sao4.oooooo.
One Of the Chicago papers declares that the
actual figures taken from the books OF the
Palmer House. in that city. show that It has
paid net profit Of Salt. 900 during the last year,
which IL more than per cent on present valu-
atien Of the building and appurtsnances.
The immense grain crop raised last year
BY Southern Russia and Bulgaria has been UNI
able TO find an outlet through its usual chan
nela. and late accounts state that 1t has been
already seriously damaged by hasty and in
sufficient storage. and will, to great extent.
become rotten and useless
The Albany, N. Y. Journal mentions that the
Bupreme Court Of the United States has Just de-
cidsd that bank officer who refused to permit
Il collector TO come into the bank. and look over
the checks which had been paid in. to see If he
could Hnd any which had no atamp s on. did per
Iectly right and was liable TO no penalty for his
action. --..-
The amount OF national bank circulation
outstanding Ia s3leb57 0te currency, and 81 49,
12o gold notes to secure which the Treasury
holds ss.5, $50 United States bonds. Within
the past week United States bonds to the
4 amount af s4s2, 600 have been deposited with the
treasury TO secure circulation. and the amount
withdrawn I'm the same time was 100000.
Chicago failures for 1877 foot up $50 1857 e3s. oil
which 90, ,st3 comes under the head Of "real
estate. and 81. e62 1856 under the head Of banks
aud bankers" Builders and contractors were
stuck to the amount OF 81 .oib.eo6; agrcutura
implement dealers. 81 .be4 roo: iron and hard
ware men, s2.123333: commission merchants
s4e4o9o. and grocery dealers. st7a.e4s. 1t was
altogether hard year for Chicago trade.
The city Of Louisville has had to encounter
the same obstacle In Its efforts to keep up O
Board OF trade az we In New Orleans have hat
In the establishment Of a similar institution
The mayor OF that city In his message deliver.
cd on the 21st instant deplores. in most lugu-
brious terms. the futile attempts OF the mer-
chants OF Louisville to establish and properly
maintain Board OF Trade. The mayor sug.
gests an q substitute that bureau should
be created by the city government fol
collecting such statistics as would Mt leas
afford an approximate idea Of the extent OF the
manufacturing and commercial interests OF The
city. He thinks that the city Of Louisville
might contribute $4,000 for two or three years
until the advantages OF the institution could b'
seen and the board become sustaining
Here In New Orleans, we want Board of Trad
that will not only give us statistical information
In regard TO the trade of the port-the publi
prints now give this as accurately as can b.
done--but to be- vested. with the authority Of
appointing inspectors. establishing standards
and forming committees Of arbitration. etc
An act OF the Legislature looking to these end
IL what we hope for.