The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-03-15

The steamer Golden City, which left for Gin
cinnati last Wednesday, carried as freight +
that city. 40 bills OF whisky. Very like carryin,
Goals to Newcastle.
- sx.e,,t .ridalr circulated that the II cas-
urer Of the United States will redeem unsigne
national bank notes which have been stoel
and put into circulation with forged signature
is incorrect. -z
The partial resumption Of inland navigation
at the North and West. and the promise of al
early opening Of spring. has given an impetus
to trade In come departments. and the feeling
is generally hopeful. The absence of specula
ton is an earnest OF steady values. and give
assurances OF healthy business on n fair basi:
OF profit.
Counterfeit trade dollars have been dscov
cred In circulation at New York, as they have
been lii Baltimore. Their appearance is sait
to be good. and II Ia hard TO detect them The
had pieces are nearly twenty grains lighter than
the genuine. and a very little smaller in size
They have been so far chiefly distributed among
ahe grocery stores
The Bank of France has TO pay the govern
ment a tax of liz per cent on ite notes In circu-
lation. The rate Of discount is but little more
7
their share of the banks expenses, issuing them
is found to be done at a loss. The bank is
retiring them as a measure Of economy. and is
forcing more metallic money into use. The
people complain very much Of the inconveni-
anee of metal In large amounts.
The Bank Of England lost a6i 900 specie dur
ing The week, and It's reserve was further re-
duced from asss per cent OF liabilities to 80 10
oEa atno oi o
cent. and In the open market prime three
anonths bills rate at Y per cent the week, The
Associated Banks OF New York City report a
gain In the surplus reserve of s1No2, sT5, and the
total reserve now stands car 712. 800, and the
CESS of reserve above legal requirements 3d.
aaa. 1926.
According to the War Department Chronicle
or the ninth instant. the rainfall for the past
week averaged about as follows in the various
districts: st. Lawrence valley. Ole inch; New
England. Ola; Middle Atlantic States. o.o2;
South Atlantic States. eco: Eastern Gulf States.
600: Western Gulf States. o.s4 Lower Lake
region. Ola; Upper Lake region, o,l9; Ohio val
ley and Tennessee. 0g5: Upper Mississippi
valley, Ola: Missouri valley. o.s1; Minnesota.
AUls .a....-
The general idea that the stock of the precious
metals ia the civilized world is increasing year
by year Is contradieted by the Bankers Maya
zine A calculation Ia published showing that
there was decrease of O. 900 900 last year in
the amount of gold and silver ON hand The
entire production of gold for 1877 is estimated
at ef 81 400 nnn on ARainst
this total of $3.50 900 must be offset the exports
of silB goo 900 Of silver to1nda an estimated loss
III the arts and from abrasion OF coins OF s42-
900 900 Of silver and $40 600 900 of gold making al
together 1882 900 900 or 90 100000 more withdrawn
from the stock of silver and gold coin and bull
lion lii the civilized world than was added by
the mines. This unexpected and unrecog-
nized decrease will be likely to affect the prices
of commodities. The price Of silver will also be
more affected than IL would otherwise be by the
new demand following the reconciliation of
silver lii this country.
The barkentine Ventilia reached here yester-
day from Rio de Janeiro with 1000 bags of
eoifee. Several weeks have elapsed since a
cargo of coffee has come TO this port. cor
respondent OF the New York Herald, writing
From Rio under date of February .. reports
serious stagnation of trade at that port and
remarks: The steamship Donati, advertised
for the second, only leaves to-day in conse
auenee of the absence of freight. Or course, so
long as cargoes from the United States cannot
be counted on. unsubsidised steamers cannot
be expected to keep fixed dates We hear that,
besides the New York line and the projected |
Philadelphia line, New Orleans line is being |
organized In the States; but 1t is to be feared |
that for several years they will lose money. We |
hear also that IL the Roach line does not run.
owing 70 Congress refusing subsidy, a British
line will run a monthly steamer to and from |
New York for the Brazilian subsidy of 100000 |
xranted To the Roach line"