The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-06-02

years. ..... s2,G54, 92e 385 10 s2gs 554 149 81
The New York Cotton Exchange held It's
annual meeting on the twenty-eighth of
May, and reduced The annual dues Of the
members from $75 to $50 The present mem
bership of that institution Is 354, falling of
of thlrty-one members since last year, of
which number six died The average number
of deaths among the members of the New
Orleans Cotton Exchange, numbering about
200 members since Its inauguration has been
four per athum.
AT the meeting alluded TO above reference
was made to the growth in sales Of future"
contracts In New York from 5,G0O739 bales
fol- the year ending May 27, 1872, TO 1850, 500
bales for the year ending May 81, 1873. The
actual sales of cotton since last report showed
falling off.
new trade has recently sprung up be-
tween this country and Germany which prom
ises TO be an important branch Of American
cummerce-the expectation of cattle to be
fattened and sold In the European markets,
Novel as IL may seem TO u.s. on the rich and
fertile lands of Schleswig- Holstein thousands
of lean cattle from the Danish markets are
and Great Britain; but It seems the supply of
cattle has decreased, or the prices demanded
are too high, consequently the attention OF
stock dealers on this side of the Atlantic has
been called TO the matter. Large cargoes are
being shipped there weekly, and will continue
TO be during the coming season. The trade IL
an important one and VIII no doubt be pro-
ductive Of good and profitable results.
From September to the first of June the re-
Ceipts of grain at this port have been "a fol
lows: Corn, 1862 904 bushels, against 1,8lG. 1876
for the same time last year-showing an in
crease of 2,553,01S bushels The exports of
corn have been 4,73l,045 bushels, against
1852 500 bushels last year.
OF wheat we have received S74, 755 bushels,
against 9,725 last year-an increase of 7sl, O30
bushels The exports have been 500, 565 bush
els against 130,G69 last year
The receipts of rye have been Sal. 1873, against
none reported for the same time last year.
OF Lhour. since September 1 we have re-
ceived 5o7 ,692 bills, against 500 COS last year.
Pork, As, 462 bills. last year 5S997. Corn. in
sacks, 1,074,971; last year 947, 800. Tobacco.
TOSS hhds:, against 38l4 for the same time last
year Potatoes, 1898 bills, against 1876. 77G
s2,474.
The Galveston News, referring to state
ment made by New Orleans paper that we
have now no less than fourteen cotton seed
oil factories in our midst, some of them giving
employment to $50 hands, makes the follow
ing sensible remarks:
The efforts being made in New Orleans to
establish manufacturing industries show more
surely than anything else that she has struck
a vein in her career likely 10 lead to q revival
of past greatness and SplendOr From the
most prosperous city on the continent New
Orleans dwindled to place of comparatively
minor importance. The war and its results
tons. Twelve years of experience and disas-
ter have taught the business men of that
city that the day had passed when
they could rely for success upon the
simple profits resulting from the sale of
few leading staples. With the passing away
of the institution Of slavery passed away
likewise the days Of my merchant" COM
missions for supplies advanced and upon
produce soid-the come and go svstCm-are
no longer admissible in the changed condi-
tions OF the farmer and the merchant must
be satisfied with less in this direction and
must seek for heavier returns upon capital
invested in productive industries New Or |
leans stood out against the change as long as
she could, and sought to keep up the old DAYS |
commissions, until poverty stripped her Of |
the means. And doubtless there are many Of
the old school there yet who find it hard to |
realize that they cannot secure the old pros |
perity upon the old plan. But that a new
life is being infused into business in that city |
there is evidence on all hands. New Orleans !
is assuredly on the mend.