The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-04-07
Commercial and Financial Matters.
New potatoes from Bermuda are selling In
philadelphia at so so per barrel.


Philadelphia at so 80 per barrel.
The Pttsburg Board Of Fire Commission
ers report for 1877 sets down the losses by
ordinary fires at s607,4e The losses Incl
dent to the July riot are: Private property
100000; mixed property, including freight
$i,1OoOOO; railroad property 81 5000 tota
by riot, s3O60,00O.
We learn that three Of the -four inspectors
have sent in their designations Messrs Bou-
ligny and Judson retaining their positions
Gov. Nichols has, we understand, appointed
Mr.. Arthur poincy, nm old and experienced
Hour merchant, to I'll one Of the vacancies
thus created. The action Of the Governor In
this case is deserving Of commentator.
Whilst the efforts now being made through
out the United States for the prevention Of
intemperanoe are Of an unprecedented char
acter, the evil Of drunkenness in the United
Kingdom has gone on increasing until TO-
day IL has reached TO nm alarming point. Ac-
cording to n recently issued Parliamentary
return IL appears that In one year duty was
paid on 29,8ss, 176 gallons OF homemade
spirits for consumption In the United King
dom as beverage, being an increase for the
year In England alone of 414,a47 gallons,
whilst for the same period the consumption
IN Ireland WAS G,O4T,9O5 gallons, or 400, ITO
gallons decrease ON the consumption for the
year 1876.
"A vt Louis contemporary. of the third in
slant, says "The recent disclosures respect
Ing the position tho New York banks have
taken on the resumption question have Oc-
casioned considerable discussion in the bank
Ing circles Of this city. and 1t will be Of inte-
rest to state that all OF the strongest banks
here take directly contrary views as to the
effect of silver on resumption. The manag-
Ing officers OF three of the largest banks of
the city have heartily favored the remoneti-
zation Of silver oil the time, and the presi-
dent of the only remaining bank which can
be ranked with the three referred 10, is now
fully In accord with Secretary Sherman as to
the feasibility of resumption at the date fixed
by law and of the assistance which can be got
from the issue of silver. although he still be-
lievcs demonstration was mistake. 1t is
safe to say. therefore, that the government
can count on the friendly support Of the st.
Louis banks in carrying out the existing laws
relating to the currency"
The Baltimore Sun, In an article on silver
currency. says:
Gold not being necessary TO pay duties, now
that the silver performs that Junction. and
being la limited demand even to go abroad as |
yet, has literally now no market among us.
Its legal value in our home affairs Is no more
than silver. What may be It's market or com
mercial value hereafter. depends altogether
upon the turn OF the foreign exchanges either
by change In the course OF trade or the in
How OF our bonds from Europe. Therefore 1t
y not surprising 10 see how the free intro
duction Of silver as legal tender currency Is
working, just at this time. At many stores
gold dollars are given in change, and this in
terchange OF gold, silver and greenbaeks on
a s equality appears at present as Z it were
likely to go on, Mt least until something shall
occur to occasion largo expectation OF gold.
Otherwise the absence OF any demand for
gold In payment Of customs duties will CON
tinue to keep silver up TO the level Of gold in
general circulation until such time as the
supply of silver coin has increased largely In
excess OF what 1t now Is.
The Legislature Of Pennsylvania has passed
an act prohibiting the employment of waiter
girls In all saloons, or other places where in
toxicating liquors are sold. The bill received
u unanimous vote I'm both houses on final pas
sage, In the Senate on March %, and that day
received the signature of the Governor, and
became a law. 1t " to take effect Immediate
ly. The most important provision of section
first of this act prevents tho employment of fe-
males as walters or lady conversationalistsa at
any place where intox iCating drinks are sold.
Section second provides that any person vio-
Iating the provisions OF this act shall be guilty
Df misdemeanor, and upon conviction shall be
to pay q fine OF not less than 500
nor more than $500. for every female EN-
ployed, or undergo an Imprisonment of not
less than three months nor more than one
year, or either or both. Section third pro-
vides that no license shall be granted for the ,
sale Of intoxicating liquors to any person OK
cept on the express condition that the person
applying for license shall swear that he will
not employ waiter girls. Should he do SO !
the oath, his license shall
be taken from him. The mayor of Pittsburg '
has already announced his intention to en-
force the law in that city. In the meantime |
ihe friends of the law, with many charitable j,
aides, are at work to secure employment for 1
'he girls now engaged as saloon walters.
Recently there has been much said about q
5he increase in price of quinine, drug that l.
s In general use by inhabitants of Southern
,limes. A recent number of the Chicago
Tribune says:
Recently, the Russian government. antici
pating either another war or a lengthy occu-
patton OF a malarious district, gave an order q
or 100000 ounces of qunne. The order came ),
ls a sumner upon the market and set 1t all in y
! Hurry. The drug began to RISE and in few U
lays advanced from So 90 to So rs The Lon
Ion market was completely stripped and b
hen attention was directed to New York. But I
OF this great mart, the boasted jobbing centre a
ft.Na NN,,t 1,.tA
hough its life depended on it. Where, then, a
lid New York turn? Why, naturally, to s
chicago, and n day or two ago one OF our p
irms was drawn upon for 5000 ounces, at an
ldyanca of nearly 81 an punaa Thfs firm ;,