The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-08-29


Cuba, brings 294 hhds Of sugar.
The steamship City of Mexico, from Vera
Cruz, brings to this port 40 sacks and 252
bales Of coffee.
State Consols yesterday opened at 7215 and
aclosed weak at 72@722S, against 72s4@73 on
Tuesday. Sales, 100000. Premium Bonds
CLOSED firm at 3o5Ss013os4, against 3o1a@9o5s on
the previous day. Sales, S65,000.
Il The steamboat Grand Lake No. Q, with five
Soarges, reached here yesterday from St.
HIouis. Among the Items Of her cargo we
notice the following: 53,O73 bushels of bulk
wheat, 2s,500 bushels OF bulk corn, 243S barrels
Apf -four 1909 barrels Of corn meal, 1887 barrels
#of grits, 14799 sacks of corn, 1906 sacks of
yats, 1926 bales of hay.
4. On The evening OF the twenty-fiftb instant
II she Baltimore Chamber OF Commerce held a
elief meeting when Gen. Cyrus Bussey,
q president Of the New Orleans Chamber of
4 Commerce, WAS introduced and made O. brief
i address. BY letters from home he was In
Formed that hundreds and thousands Of per-
ons were leaving the city to escape the pesti-
q ence. He thought there WIS no probability
or, when frost may appear. Until then
much privation must be endured by the des-
4 itute. HeIconcluded with an earnest appeal
/ j aid of the afflicted
q The amount of national bank circulation
outstanding is $21 $685. 52 currency notes and
s i, 432, 100 gold notes, to secure which the
Y treasury holds $34s, 921 ,45O United States
I~ RI TpSHo +of IL
eposited with the treasury In the past week
10 secure national bank circulation was
vi, 207 500, and the amount withdrawn In the
same time was S1,041 800. The amount Of
bank notes received for redemption In the
IAaast week was $3, AL 900, against $3,984,G 600
same week last year. The receipts from In
u ernai revenue on Saturday amounted to
Sa,409,297, and the receipts from customs
SSB5624 All.
y The trade dollar" Is now on the carpet to
lie explained, as the Mexican dollar takes
back seat. The acting mint director Is out
Explaining the action Of the government.
al he trade dollar was issued for circulation in
4 )hina. It was never more than legal ten
ter for five dollars, although In 1873 1t was
Worth 1903. 1t was made little heavier than
g Gexican dollars In order that American silver
Night be taken to China instead Of our mer-
Il ihants having to buy Mexican dollars. It's
Asgal tender quality In sums Of five dollars
vas taken away in 1876, and since 1t has had
10 legal tender quality and is worth only
bout 80 cents, The only important point to
d he public Is that it has no legal tender quail
s. II, and hence cannot be forced upon anybody,
" ut may circulate at Its bullion value, or near
4 1, which Is now about 80 cents.
ID 1t is taken as sign Of more favorable
ondition In money circles, and as Indicating
An early return of commercial prosperity,
nat the records of the office of the Controller
I'd the Currency show that the collection of
outstanding assets of insolvent national banks
Ess better than they have been at any time
ince the pagiiea In 1879 IN the last three
months the bureau has been able to declare
Aligher dividends for the creditors of insolvent
banks than they have previously been able to
8leclare from the collections of an entire year.
81 his is considered one of the most reliable
vidences Of an improved condition Of busi-
n ess. Within ninety days dividends have
y zen paid On eleven banks, ranging from to
n 5 per cent, the smaller amounts only where
Hearty all the indebtedness has been can
aelled. Dividends have been ordered on three
banks of 10012 per cent.