The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-08-27
Commercial and Financial Matters.

Commercial and Financial Matters.
Vi Farm produce has reached q lower price in
Raphiladelphia than has been known for thirty
\ years.
II Ali the railroad offices in Chicago have now
been supplied with telephones, which prove
I'm immense convenience and saving Of labor
TO the railroad officials.
III The steamship Emily b. Souder arrived
sHyesterday from Havana with $50 hogsheads
Of sugar, and the schooner Lulu zimmerman.
1 from Sagua 10 Grande, brought 400 hogsheads
of sugar to this port.
Il! There was an exceedingly small movement
4 III securities yesterday. At the Stock Ex-
i change there were no transactions, and those
i On the street were very limited. State Con-
soils closed quiet at 72140172}s, and Premium
Y Bonds 30 $685., the quotations for both be-
4 ing the same us last Saturday.
4. A conductor Of a Northwestern road, it is
Said WAS astonished tho other day at receiv-
ing in payment for fare ticket issued In
t57t. The purchaser had been prevented from
& going after he had procured his ticket, and it
q 9ad lain In his pocketbook seven years, but
stas good yet.
n There has been such an increase of business
on the various divisions Of the Baltimore and
ohio Railroad, that it has been necessary to
4 tprovide ten additional engines for the Par
sss .fsburg branch and double the number here
nxEOfore required on the main line from Ben
twood east, -----
i It is estimated that the cotton crop Of
" Egypt will yield 112,000,000 pounds A cable
n gram from Alexandria, under date of August
Il 10, says that the river Nile is rising, and Is
Il now higher than at any time during the last
year. and tho prospects for crops are excel
II lent.
From the official statement Of the taxable
valuation OF San Francisco we learn that the
total value of all property In that city, real
and personal amounts to $244, 476,47O, against
$25i, 702, o60 In 1877. The total reduction, as
compared with last year, Is $1022G,4o0, OF
which 81 ,S79 1876 Is in money, $685. 715 In per-
sonal property and 81. 537 1896 in real estate
/ Nobel, the inventor of dynamite, is reported
to have devised still more powerful explo-
sive, to which he gives the above name Its
composition is % to 81 per cent Of nitro-glycor-
] inc and 6 to 7 per cent of colodon cotton. It
is tough, but may be made into cartridges,
cakes or balls, and may easily be cut with q
knife or scissors.
Late advices from South America indicate
great probabilities Of o war between Chill and
the Argentine republic The banks Of Chill
have suspended specie payments; the govern
ment having called upon them for q large
amount of coin wanted for war preparations,
thus leaving them without specie enough for
own uses. A commercial crisis Is feared.
The government is constantly making
heavy purchases OF silver bullion for coinage
purposes and will continue to do SO for some
time, tho purchases being made principally in
San Francisco. 1t Is reported from Washing
ton that they are induced by the fact that sill
yer has fallen I'd in London, by which rate
this government Is guided.
The st. Louis Globe-Democrat, of the
twenty fourth instant, says:
Steps are being taken for the resumption of
Y sla Xlgatlon Southwark, the steamer John NJ
Chambers 5sailga n1F 4a!sess City next Tues
day, and engaging freight at 81 fol- flour.
and SOC and Goo for pound freight.
The Anchor Line has also resumed business
and the City OF NickSburg Is receiving freight,
and will leave tomorrow evening, receiving
freights for all points below Grand Tower to
Delta, except Cairo, Memphis and Helena.
All freights in Washington county to be
landed at quarantine. Rates same as before
the boats were taken Off
The Iron Mountain and Southern Railway
is receiving freight for Memphis: Flour at
6oc; car lots at soc; grain at Csc; car lots 22c;
meats 25c. For Vicksburg and New Orleans !:
Flour CSC; CARROTS 6oc; grain 35c; car lots 32c;
meats Csc.
The total value Of goods exported from New
York city in the month of July, exclusive Of
Silver, was $28, 365 267. The value Of the ex-
ports for the same month last year was 500,
J, s59,G93. The gain in 1878 was about five and q
> half millions. The New York journal of
Commerce remarks on this showing: "This
is very large total for midsummer, and is
quite remarkable considering the diminishing
imports" The imports from New York
for the month of July were less than
for any previous July in seven years, except
IN the summer OF 1876, when this trade
was almost at stand The figures for the
first seven months Of this year are still more
remarkable. The exports from New York in
this period exclusive of specie) amounted to
5000 223 500 in 1878, to $685. 31 in 1877, and
to S149, 231 800 in 1876 The increase in 1878
over 1877 was thus over S43000,000, and over
1876 about S51, 600, 600. "These figures in their
magnitude continues the Journal Of Com
merce, "are without any precedent in Our
trade. New York usually imports two-thirds
of the foreign goods landed In this country
and exports about 46 per cent of the ship
ments.
FINANCIAL AND COMMERCIAL.