The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-02-26
Commercial and Financial Matters.

Commercial and Financial Matters
@ The ntitish steamship Ch'swick cleared yes-
terday for Dunkirk with eos.s bushels OF eoin
In bulk.
The suspension Of The we'll known cotton
house Of ieeus. achereh It Antey, Of this city.
was announced Yesterday, .
a aenutitiae pra a little Of, and State roneols
nrre,a,nly siSadr Mt ~ isGas}a, Premium bonds
are lower and elsv at a1is@31as. Stocks are IN
fair demand. -------
Tho abatement Ia made TINT l5o,ooo,ooo ct Ties
are now in lisa upon the ra Itonas, anh " 70
estimated that 1000 900 Of actes Of timber are
@ required to replace those worn out
Q According to Watts 4 90 Liverpool circular
III Tho nth inat Tho ptonk IF Cotton in the hantrSt
nf Enalisb enlpners was estimated to he III .noo
halsa against siE 900 last year and t7aoo1 The
hatGre at came date 0
THE At Louis Republican. " The 22l int. IL
review If the ltsuor ard wne trade q thht
city for tlia nast year, states that the aggregate
Ia about The same ~ f,r 'aTH, while prices have
been reduced to The least margin Of profit
II Ia ofrlnalv stated that the New York Cen
ttal Railroad Grmpanya January earnings
were taon,ne more than my previous month IN
the hiatptr of the company. and the total earn
inea for the past four months aggteaatina
O sloooo.ooo. ---
The eroaa earnngs Of the eighteen Western
roads during the month Of January show to-
TAI Increase Of u pG3 o3B, Those Of nine Western
roads SLOW total decrease of slis,s1s leaving
the mel Increase on twenty -seven roads saao 200
This s quite encouraging.
The Baldwin LOCOMOTIVES Works, Phiiadels
nhia now employing about 1850 men. divided
into RELAYS one In daytime and the other ut
night to finish the forty locomotives for Rus
eia They expect to finish twenty really for
shipment on the twenty afth ot this month.
The British iros trale continues in an ex-
tremely depressed condition, aud there is talk
OF the necessity Of further reductions In wages
10 enable irnn,npkera to keap their works
going. out ~ p14 blast furnaces existing In the
United Kingdom. only $40, ~ iust about one
half we're In blast at the noseSof 1917.
A bill TO prevent discrimination in freight
charges is before the House Committee Oh Com
msrte. Three propositions atn involved i'll this
bill First. to prohibit charging lower rates Of
freight for loteer than for shorter hauls;
second, TO prohibit the payment Of drawbacks:
and third, to require the publication Of rates
and notice Of Ave days of any proposed changes
in such rates.
TIP 10 The 2lst there had been packed in the
sis great cities Of the West. since November L.
l.aln.opo hoes, Oh l,i9o,oOo Ia excess Of GORE.
spending date laet year. The Cincinnati Price
Current. Of TINT date, says. I'm seven business
taYs the season will close, nj which time the
running accounkot the ak cities will be up
ward of 44op ,1nh. and the final returns may ap.
nrotimate 4.h'n,ono. or 1opo.no more than the
prevailing opinion of packers at tho coae Of
December regarded probable
The great gun making 1rm Of Krupp renew.
ing Its insurance the other day, did 30 In the
sum Of AZ 900, 600 matks-G1 100000. This num Ia
divided among twelve insurance companies
and the premium amounts 10 AZ, 400 marks. The
assurances have been effected for the space Of
Ave years, and the stamp duties upon the poll
nes amount to 1900 marks. in other words
se,soo,ono worth Of property inuch Of II Of tho
apaolal hazard clasal, ia insured for five yenrs
for All average premium Of about $4,000, or nh
average of about la. cents per slea,
The deepening Of the mouth Of the MissaHip-
I'll and the rapid and extensive increase Of the
export trade In grain Of New Orleans have
stimulated many Of tho towns and cities IN the
upper MisRissippi Valley to take STEPS towards
effeettng the concentration Of corn, wheat and
ether graina al all good receiving and chipping
places on the river for The purpose of forward.
ing the same TO our city for shipment to foreign
nnrta.
The Quincy TN, Herald, in abiding to the
change In the current of through grain trans
portation from railroad to river chapnela pre-
diets that thatoir Ia dnatined to become one Of
the most important marta for tho cereals in the
Upper Valley and says
Tho superstition 10. of courHe hased on tho
fact that we may look for steady increase In
the movement Of grain for export to New Or
leans instead Of New York which of late has
become 40 manifest, and on the further fact that
with the completion Of the great pana Of river
Improvement now on foot. the cbeapnesa and
expedition with which the erops of the valley
can ha moved aouihward BY river win give that
mode Of Transportation 40 great an advantage
over the trunk railroads Eaat that tho great
bulk OF tho grain will be- sent to tho Now Or
leans market The revival of trade III that port.
consequent nron the settlement Of tho political
troubles of Louisiana and the probability that |
peace and good order were to rule III the future. |
has been far beyond even the most sapgutne
expectation"
Concerning Our small Gems
1T Ia worth while to turn for m oment from
the discussion OF the dollar Of the tnthers to |
consider the other coins of this country II ia |
evident that they are not superior artjpticallf |
and that n remedy might be fuunN for their de. |
ieeia, IL sseems that nearly every alteration |