The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-06-11

Great Britain from the United States durin
1887. The bulk of 1t was sold by the butcher
as prime English beef.
During May s,5O0,ooO silver dollars wer
eeined at the various mints. Most of th
mints will suspend work for about thirt
days on the fifteenth Of the present month
In order to make up their annual settlement
and repair machinery.
The offerings OF state UonBOi5 yestBrtia
were large, and they closed easy Of zS01711
against 6sA669 on Saturday last. The sale
of this description Of securities amounted
$4,000. OF Premium Bonds the sales foote
up 1921, 900, themarket ruling quiet at slCo911
1.-The same quotations as ruled last Saturday
The total nominal capital invested In al
Che railroads Of Great Britain Is nearly So.
300,O0O,G00. This is at the rate of $500, 900 ne
mile Of railway in operation. More thai
$190,000,0oO Of capital pay no dividends
$270,OO0,OOO less than 5 per cent, and only
$26.O0o,Ooo more than 10 per cent.
Gov. Robinson, of New York, has signed th,
bill, passed April 2, 1873, repeating the act O
1853, which compelled State banks In the city
of New York to publish in newspaper
weekly statement OF the average amount o.
their loans ahd discounts, specie, deposits anC
circulation. This does not effect the quar-
terly reports which banks are required by Law
TO make to the superintendent of the banking
department
According to the latest official documents,
the machinery now employed In France
reaches a total strength Of 100000 nominal
hte Il. =
motive power of 81 100000 men. These figures
contrast significantly with the $4,000 horse
power OF 1868 and $4,000 In 1852 The first
steam engine put to practical work in France
was built by the firm of Boulton Il Watt, of
Birmingham, and Yves used at the waterworks
OF the city Of Paris.
The late light demand for trade dollars for
export to China excites some attention, and
the reason for it is not clearly understood.
From the introduction of this coin, about five
years ago, the export inquiry has been
steadily charging up to a recent date. Since
then the exports have fallen off to an alarm
ing extent. Various reasons are given by
those who have been consulted In the prem
lses One gentleman says that 1t Is because
OF the famine In China, which has produced
hard times in that country. and thus restrict
ed the ability of the people to circulate
money.
In regard TO the wool product, we copy the
following from the circular of Messrs. Fenno
Son d Co., Boston:
The clip win probably be about the same In
amount Ss last year. viz: 200, 900 pounds
There will be a decrease In California, offset
by the increase In Texas and the Territories,
and the older States will hold their own. But
little foreign has been brought in, and most
Of that sold at q loss. Unless the tariff is
year. The product Of the newer States and
Territories, while Ii Is rapidly increasing, Is |
fast becoming popular with manufacturers, |
and many clips received last season compared
fayorably with the woods OF the Australian
colonies In quality and condition, but were
somewhat shorter in staple.
A suit presenting some queer facts, brought
by Lydia Mckinley against the United States |
Life Insurance Company, was argued recently |
on appeal before Chief Justice Daily and Judge |
Lawrence, in the Common Pleas general |
term, New York city. The action was brought |
10 recover the amount due upon two policies |
Issued by the defendant upon the life of |
Charles E. Mckinley, the plaintiffs husband |
The first was for $4,000, and dated April 49, |
1866; the second was a paid-up policy for $1,000,
dated January 10. 1871, issued for dividends
then due on the first policy. MCKINLEY died /
at Celina, o., April IL, 1875. It was claimed |
by the defendants that the deceased falsely
answered certain questions relative to heredi-
tary diseases In his own family and his own
health, and particularly as to whether he was
q temperate man. The defendants claimed
that his answer to this question was unouali-
fiedly false, and that he was a constant and
excessive drinker, and died from the effects of
such habits, The court below, however, gave
judgment for the plaintiff for $6,0O7 SIS.
As to pork packing at the West, the Gin
cinnad Price Current, the universally &C
cepted authority on that subject, gives In its
last issue, as the result of its reports from all
the prominent packing points in the West,
from March to June 6, a total Of 81, 1855, 223.
against $1,o19,49s. The Price Current makes
the following comment:
The aggregate packing during the psst
week at all points in the West has reached 4
about 130, 900 hogs, against 100 900 during cor
time last year. It is difficult to !
the amount Of meat or lard /
made, as there is continuance of the prac- |
tice OF rendering a large part of the hog into /
lard. but it is not likely that the amount Of !.
meat made has equaled the corresponding {
period last year. It is now apparent that The
lard question is having an important influ- !
ence on the summer Strengthening, and likely
TO continue doing so, If manufacturing i
profit remains between prices of hogs and
the amount realized for the product Take.
for instance, Kansas City. where few weeks i
ago, it was regarded that 10000 head would
be the limit to which the summer killing I
could pc carried, under the scant supply of
Ice; this number is already exceeded. on ac-
count OF the extent TO which tanking has \
been done. This policy at other points will 4
result In 2 modification OF the previously APP
parent effect of the short suDpIv of Ice on the
hog killing business.
As compared with year ago the total pack '
ng since March shows an increase now of
10000 hogs, The, quality is generally we'll :
though the averages are some 3
What lighter than year ago. Here at Cincin- Z
lati the average for May was 213 % hounds q
against 2l975 last year: since March 4 S1n