The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-03-30
Commercial and Financial Matters.
The Austrian bark sofia cleared yesterday for
Kouen with AZ ,s4e bushels of corn In bulk.

The Austrian bark sofia cleared yesterday for
Rouen with ~ SAG bushels of corn In bulk.
The steamship America. from Havana.
Brought 1000 hogsheads of sugar TO Agar & De-
bng. ----------
The steamer John Means. with barges. which
arrived here Thursday from st. Louis, brought
10000 bushels of corn in bulk.
Virginia and Tennessee last year went far
ahead OF North Carolina. which has long headed
che list 90 producers OF peanuts. The estimated
Ealing OIL this year In he three States is ST. 900
Bushels. or more than one third of good crop.
Massachusetts has passed stay law In favor
FAVOR Of the people instead of tho banks. what a
howl there would have been about Reputation.
honor, and one thing or another.
The statistics Of emigra ion and immigration
Dor 1877 have lately been published In England.
The total number Of emigrants was 119.971-a
aalling OF .2b1, as compared with 1876 The
total number of immigrants was 81 .84s. reduce
sion Of 11.7oo from the wear previous.
The capital inv sted in the shipping of the
world was in 1874 calculated to be sbo8 327 600 In
sniI and s3O2 ole 900 ia steam tonnage. total Of
$500 600, coo. The value of the steam tonnage of
Great Britain il about s25OOOO.Ooo and is greater
Blan that or all tho other nations combined.
Z The Chief Inspector of Grain in Chicago re-
ports the receipts for six and one-fourth
snoRths ending March /. 1878. to have been larger
ahan ever before. The number Of cars received
was 1oo.1s3, an increase of 1898. over the same
Slssriod Of the preceding year. The increase In
bushels was $4,000.
a balance of trade In favor Of tho United States
hi noticeable from the report Of exports and i'm
ports. Ships are coming to our shores with
partial loads and going away filled to the upper
deck. Nothing moro surely indicates a revival
2m business. AS long as this state of affairs
o0ntinues times must improve.
Statistics show that the export Of silk goods
10 this country Is rapidly declining. American
failks are gradually taking higher rank. and our
manufacturers are taking courage In their
adorts to afford to this country everything
Iaaeded in the way of frst-class goods. All Of
which iB for the benefit of American trade gen.
aEaily. ---
f The chief exports of the United States to Rus
tsIa are mewipg machines. locomotives and
railroad cars cotton this Ia by far the heaviest
aSeml firearms, leather. naval stores and Pc
eroleum. Cotton supplies ninetepths of the
value. and petroleum nearly one-twelfth these
these two making nearly sl1 100000 of the sl1.-
1000 shipped In 1876.
The coal production of the world has in
ereased enormously since 1876. In that year
Great Britain produced S1.5O0.0O0 tons: in 1874,
155,oa3.00o. Belgium. 1s4b 4.96o.077: in 1874 a.
6as0o0 France. 1s45, 414l.87; In 1874. 49, 49 OOO
Prussia. 1896 100000; 1874. 41.7s4.GOO. In the
United States the production In 1874 was nearly
bBn times that In 1916.
Of State Consos the sales yesterday amounted
10 $75. 600 the market being quiet and weak at
s6x@76H. There were $4,000 of Premium
Bonds sold. with a tendency to a further de-
aiine. and are quoted at 351s@s5es. Of City Con-
solidaied Bonds the sales footed up $4,000. at
from 4o5a to Il, OF Levee Warrants there we're
1880 sold at from 81 to ON.
The Public. politieo-fnancial journal at
New York. says: AS to further legislation in
Congress on financial matters. prominent
Senator Is quoted as saying very positively
shat no bill for repealingtthe resumption act. or
DOR the issue of silver certificates against de-
posits OF bullion. on any other matters affect
aRg materially the present financial status.
Sculd possibly pass the Senate this year.
1t used to be considered. says the Louisville
terrible thing among mer-
Ehants for man to 60 into bankruptcy. even
when he was utterly unable to meet his notes. |
Under the present bankrupt act men disencum-
Boolness by paying from ten to fifty cents on |
me dollar on their Indebtedness They make
The act a mere convenience to enable them to
take fresh start In business.
Tho success and reputation of the London !
Daily News has been largely acquired out of
lEo wars. Previous to the Franco Prussian
conflict the paper was not considered profitable |
property. Its expenses for war kilograms and |
correspondence during the past year were
enormous. but Its prestige has been wonder |
'nlly increased. 1t has just erected eight Wal |
~ presses. with capacity for printing los. 900
s0mpleted copies per hour.
The total American tonnage engaged In |
anreign trade does not exceed 3663. 4os, while |
'orefgn vessels doing our business have a ton |
mage OF nearly 100000. The loss to this |
country BY this foreign carrying trade dur
ilE the last ten years is estimated by com
estent authorities as exceeding $500 GOO 600,
Previous to the war American vessels carried
dom &c to % per cent of the trade, while now
hey carry only about 27 per cent.
In case decided on Thursday of last week
"a the Virginia Court of Appeals the opinion
armed on this point: Can property which |
has been set apart by a householder and head
n family by his deed OF homestead duff |
neorded. be subjected by his subsequent deed
d trust. his wife uniting therein. to the pay.
nent Of his debts. In other words is property.
dfer 1t has been SO set apart. exempted by the
constitution of the State from sale under the
Heed Of trust" The court answered the ques-
ion afflrmatiyely, and reversed the decree Of
He circuit Judge SO far as 1t gives precedence
o the homestead deed over the deed of trust.
md to affirm 1t SO far as it Is not inconsistent
ruth the opinion.
The New York Bulletin says: The railroads
are getting 1t" on all Sides Can't Eads recent