The New Orleans daily Democrat., 1878-11-27

Of the cargo Of the steamship which cleared
yesterday for Vera Cruz we notice the item o
1895 bales Of cotton.
According to a salesman Of experience i1
one of the largest New York houses, the aver
age woman wears iive-and- d-ahalf shoe.
Collector Smith has Informed us that all ol
the customs offices ut this port will be closed
on Thursday Ho-morrov) which has been ap-
pointed BY the Governor as Thanksgiving
Day.
I'm the Flour trade ut present the only no
ficeabIe feature Is the continued demand for
the EXPORT trade Thus far this week the
sales OF this commodity for that trade
amount to 2G0o hhls.
Our aaccharine product keeps moving
Northvard Yesterday the steamship New
York left for New York with 938 hltls Of sugar
and 1853 bbls of molasses; aud the steamship
Hudson for the same destination with 1877 lhds
of sugar and 30tl hbs Of moIasses.
In State Ionsos there was no material O,
1uOtable change in price yesterday. They
closed at 79M7R4. Premium Bonds were
weak at 2R1 pG12974 the same as on the pre-
vio1ls day. The sales at the Stock Exchange
comprised $GG. 900 Of State Cuueols and $4,000
OF Premium Bonds.
The rumor that the one and two-t}oIIar
treasury notes were to be withdrawn from
circulation proves to be false, Secretary
Sherman having given assurances that 1t will
not be done. These notes are among the most
valuable Of the paper clrculation,e and with
out them great Inconvenience would be oc-
casioned.
The Baltimore American is "ruttlng up
because II is now discovered that coin eau
only be gotten for legal tender paper IN New
York after the first of January. This re-
sumption trick is then one hy which the city
Of New York can turn an honest penny, and
lis brokers do the business Of exchanging the
paper for specie.
United States Commissioner Raum In his
forthcoming annual report will oppose the
proposed reduction of the tax on tobacco
from "a to Is cents per pound-for two rea-
sons: First, because in the present low state Of
the revenue from this source the money could
not be spared: and secondly. because he con-
siders 1t extremely unwise and incxpelent
to unsettle business interests by any congress
sional agitation Of tho question.
Philadelphia is making special effort to
secure to that city the largest share of the
foreign fruit trade, which has heretofore been
enjoyed by New York. The fruit dealers Of
the former city have manifested energy and
determination In this matter. and have re-
Gently made arrangements to cope with New
York, by which a line of steamers are to leave
the Mediterranean every ten days. loaded
with choice fruits, and return with cargoes Of
grain.
The Montreal journal of Commerce relates
an instance Of subscriber who wanted his
paper stopped because he could not afford 1t
but acknowledged that his generosity had
caused his trouble. in these words: II regret
to have to stop your paper, as it has given
me more knowledge of business; but about
three years ago / committed the folly Of Civ
ing accommodation paper and, unless | can
make some arrangements to go on. | will
have to give up There is lesson In this
which it will pay to heed.
The discussion that has arisen over the use
Of glucose in refining sugar will certainly be
of public service. This product s largely
used, it seems, in the manufacture of candy. |
syrup, honey and beer. Three concerns in |
New York manufacture $50 tons a day of the
STUFF. 1t s largely used by brewers, furnish
ing the saccharine principle of malt and also
by tobacc0nists. who make free use Of it in |
swcetening the weed prepared for chewers
While glucose can be made that is chemically
pure, 1t is admitted that much ia made that
will not stand under chemical tests It is GER
tainly we'll that we should understand the
nature of an article that is forced upon US in
dozen sly and subtle ways.
TIE RISE IN GOLD.-In n recent article the
London Times discusses the fall in tho bullion
value of silver in England, as compared with
the value of legal tender gold coins London is
the chief silver market OF the world, and tho
Imports of silver for the first nine months of
this year from all countries have been onIv
60 ,oS3,ooo, while in tho corresponding period
of 1877 the importation was G17 172oo0. The
Times says
If other circumstances were now the sa,no
as In 1877, this dminution OF supply would
almost certainly have produced n cOnsdpra-
ble rise in sill lver. We must look, therefore,
Tor a change in some other direction to ac- |
count for the actual facts II ia e,l,yprstnd
that there is such a change in the greatly in
creased amount Of Indian Council bills which
nave been offered this Year; but the Increase, !
thonEn important, in consequences OF tho d.
mlnutlon OF the borrowing necessitatcd by
the famines, is still Il good deal less than the ,
falling of of the supply of silver Another !
explanation must be sought, and that ex-
is the inactivity of the Indian trade.
of the export trade from India. as r
compared with last year.
The prices Of cotton and other raw materials 7
are less than they We're, SO that India has had ]
less to draw for. and until lately there was no s
cessation in the exports to
India More recently another cause has CO. {
operated-th strngency of our own money
market. Early i'll August the bank rate hero T
was raised to per cent and for more than a 7
fortnight the rate has been per cent with the 7
open market all through closely following or I
the bank. Such a state of our !
money market tends to check remittances I
abroad, and consequently to reduce 9
the demand for silver, which is one :
OF the means Of remittance to silver 4
using countries. This is much the same