The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-04-04

1877, 3sg2s.
The bark Comtnsse Duchatel, which arrived
Yesterday from Bordeaux, brought quite
large assorted cargo of the products of LA
belle France" consisting of wines, brandies,
sardines fruits, etc.
We have seen dispatch from prominent
cotton house in New York, received yesterday
evening stating that private dispatches from
England represented the feeling rs increas-
ing in bel ligerency, "owing to the advance OF
the Russians and the movements of the Eng
lish fleet"
San Antonio correspondence Galveston
News: Tomorrow 1000 pounds Of copper will
arrive here on q train from Las Cruces, New
Mexico It goes to Baltimore, the great cop
per mart of the United States via Galveston.
This is the first consignment of the kind since
the war.
The official returns of the associated banks
OF nineteen Of the most prominent cities Of the
United States show that, during three weeks
of March, the aggregate clearings amounted
to S531, 54. TO- against S555 ,26o,257 for the
same time last year. Fifteen cities show
New Orleans and Milwaukee show gains.
OF State Consc Ia there were large sales yes
terday, amounting to 1000, and the mar
ket closed firm at 745s604a4, though $4,000
were sold as high as 75is. OF Premium Bonds
the sales footed up S138,500 and that class OF
securities are quoted at "a 40l35. Stocks
were quiet. On the second instant 30 shares
of New Orleans Gas Company mot before re-
ported sold at 1907.
Krupp's foundry Mt Essen turns out in
every twenty-four hours about twelve miles
of rails, with tiers, wheels. axles and springs
in proportion, as well as 1900 shells of various
sizes and constructions. In one month 300
cannon are produced, and since 1S47 $4,000
have been made. The establishment daily
consumes 1900 tons of coke and coal, has
seventy-seven steam hammers, $500 workmen
In tho cast-stee department, and altogether
1920 toiling men. women and children.
The annual report of Henry l.. Lamb ac-
ting superintendent of the bank department
of the State of New York, is just published.
The report states that larger number of
savings institutions In that State retired from
business during 1877 than in any former year
The whole number of savings institutions
which reported to the department January l..
1877 was $50. The real number of savings
banks doing business in the State of New York
Is stated to be 1876 The characteristics of the
years business are thus briefly summarized ::
1. The deposits fell off nearly $1,000 900 in
the last year
O. The transactions of the year were smaller
i'm their volume than in other recent years.
8. More accounts were opened than Were
closed
4. The average amount of each deposit de-
clined.
s. The surplus of the institutions reckoncd
on the market values of Investments in secu-
rites, shruDk.
OF the nine failures of savings banks in 1877,
five of the institutions We're located in New
York city. Mr.. Lamb says that If trustees
have become more alert in late years in the
discharge of their duty, depositors have be
come more nquiring, and they now scrutinize
the administration of each bank sharply.
During the last year there was a reduction in
the total expenses OF all the savings banks in
the State Of $107,6G7
Powers X Weightman, the leading drug
importing house of America, in a note to
Arthur Peters & Co, Of Philadelphia, have
the following to say relative to the high
prices of quinine:
With reference to contracts for sulphate of
quinia the peculiar position of the bark mar
ket in Europe renders it necessary that this
spring. we act differently from usual. From
October last to the early part of this month
the price of sulphate of quinia had been
steadily declining; and, of course, it was i'm
prudent for manufacturers to make large
preparations for spring supply under such
circumstances. To this we would add
that, in common with other industries in
our country, this manufacture experienced
the paralyzing influences OF the ag-
taton of disastrous tariff measures in
Congress. The advance early this month has
taken all, we believe, by surprise. In conse-
quence of some contracts for the article for
immediate delivery pressing upon the Eu-
ropean manufacturers, the price has adj
vanced there two to four shillings per ounce,
and the article IS scacre for prompt delivery.
Banks also have been largely absorbed there,
and hence have become scarce. But should
the usual supplies of these come in before
July, lower prices may be looked for late in
the summer. AS matters now stand, we re-
greet that at present we are unable to make
offers or accept new orders for sulphate of
quina. We are making and sending out the
full average quantity OF last year. While the
demand Is regarded by most as temporary.
yet some few others take different view,
The future is therefore uncertain.
POWERS IL WEIGHTMAN.
Philadelphia, March 49, 1878.
THE KANSAS ITY BARGE LINE-The Kan
sas City barge line project was undoubtedly
inspired by sincere purpose-and it was
earnestly advocated and promoted for while,
but the enthusiasm has evidently subsidized,