The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-03-28
Commercial and Financial Matters.

Commercial and Financial Matters.
The steamships Et. Louis. from Havana.
brought Gao hogsheads Of sugar. consigned to
Agar g LelonR. ---------
The Spanish bark San Fernando. which
cleared Yesterday for Bordeaux. has on board
95ol sacks corn.
The Astors. OF New York. have twice reduced
their rent since the panic. and now announce
that they will again reduce them on the flrst OF
May
The reason why so few Japanese fmmigrate
to this country is because wages are 50 hlgh at
home, d laboring man In good times earning as
much as 1000 cash day. Up. s.-1Oo cash make
one cent? ----
The estimated value of exports OF American
products from the principal ports OF the United
States last week amounted to the huge total Of
500 600 600 or at the rate Of more than $t,0OO-
100000 year. -.
There are in the United States 1882 custom
houses, OF which there are 1868 whose receipts
the past year did not equal the cost OF main
tanning them. These useless and expensive
appurtenances of the government should be
cut off and the money they cost expended to
some advantage
State Consols closed firm yesterday at N 1s97B.
The sales of this class Of securities footed UP
s52,3oO Premium Bonds were steadier at $500
s6, the sales amounting to 100000. OF consoi-
dated Bonds there were sold $4,000 at prices
ranging from 427s to 4oA. Stocks were active,
and 151 shares changed hands.
That unhappy gold bug, the Cleveland Lead
err says: THE banks are still selling the new
silver dollars at premium on account OF their
being new and a curiosity. 1t Is claimed that
they cost dollar aud two cents. and to make
i even change they ask dollar and five. Thisis
quite fair profit on a coin worth ninety-two
cents"
One Of Chicago's most distinguished clergy
men. Rev. Robert W. Patterson. has gone into
voluntary bankruptcy. with secured debts
amounting to $4,000. and unsecured debts to
the extent Of $4,000; assets. si2,5oo. 1t Is not
often that g clergyman has worldly goods suf-
f1cient to enable him to enjoy the sensation OF q
failure In business.
There have been ffty-six Atlantic steamers
lost during the past thirty-seven years in which
4430 persons persisted. Nine vessels were new
4 or heard from after leaving port. four were
burned, thirty wrecked. five lost through col
lision with other vessels and two by collision
with icebergs two foundered, and two were lost
In fogs OF nationaties. forty two were Brit
ish, Ave American, four French. four German
and one Belgian.
According to the statements of Col. Scott
president Of the Pennsylvania iilroad Com
pany, before the legislative committee Of in
uuiry, the losses Of the company caused by the
Pittsburg riots amount to s2,ooO,OoO, while the
aggregate loss including merchandise. ETC.. liz
estimated at s., 100000. Regarding the cause of
the trouble, he thought 1T was not caused by
railroad employees alone. but by disconnected
men all over the country.
The Cincinnati Price Current. the generally
received authority on pork packing estimates.
in Its issue Of the twenty first instant the pack
ing of the West during the season just past at
900 hogs, against Sol 3os last season-an
increase OF about 1.325ooo The average
yield of lard will show material increase, but
cannot be now definitely stated The produc-
ton OF barreled pork at the six leading cities
viii be about 525 900 barrels. Of which about Ats 900
were mess. The production the previous win
ter was 2210 barrels at these places. Of which
349,9sT were mess.
The executive committee of the proposed new
Open Board of Stock Brokers' in New York
city. held meeting on Wednesday. 1t was
stated that ex-Judge Fullerton had given it as
his opinion that the Gold and Stock Telegraph
Company have no right to refuse to furnish
quotations to persons paying for them. 1t was
asserted that the Western Union Telegraph
Company had agreed to put indicators for the
new Exchange throughout the city. 1t was an.
nounced that definite action had been taken to
form the proposed Exchange. and that build
ing In the vicinity Of the Stock Exchange has
been leased for the purpose at $4,000 per an.
mum. The initiation fee for the first 500 mem
bers Is to be $500 each; for the second 600. not
decided; for the second 1000. $1,000 each. and al
above 1000 $4,000 each. In case of death the heirs
of each are to receive $4,000.
We gave yesterday an epitome of the tables
made up by the New York Public Of the banl
clearings Of the principal cities Of the United
States up to the first of March. We take the fol
lowing table from the same paper. In which the
exchanges for the two weeks. ending March 16
are given. with exchanges for the correspond
ing period last year:
1873. 1877.
New York ......s...s. S778' 1903 0RS 1929, ga
Boston. ..........-...t. sc .6S5 S5,823,22
Philadelphia 62837,776 77,o46,o5
chicago -.-..-....--.--. 3l,525A07 35029,35
New Orleans. 18639.766 1884 ,73
San Francisco. 19,9o9146 1857 go
Cincinnati ........... l9,S2OSO7 2O766, III
Baltimore. .........-- 1885, 3S 20 0S8 66
st. Louis ........-..... II, 403.673 1882 SO
Milwaukee. ..,,....... s434,8l6 6.241 ,96
4 cvi1 q