The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-08-21

late wears arc estimated annually Mt bstWeef
SIXTY and seventy millions 81 roubles, Or, 81
the present value Of the ronble, between 3D.
oOO. 900 and ss5, oOoopo Estimating the value
og eaeh house destroyed at $50, which - Q
very high figure In such o country as Russia,
hearing In mind thaf most 81 the houses are
fn rnraI districts and remote tOWng~it would
follow that 10000 houses are yearly burned
down. md consequently that as many families
are rendered houseless, or say go 900 men,
women and children, allowing five persons to
each family. -@m
/ The quarterly report IF Mr. Allan Camp
bell, commissioner of public works of New
| York city, emphasizes the fact that the water
supply ~ that city ID barely sufficient for It's
present needs, and that additions must be
made 70 Il III the near future New York now
| consumes between oD,606,000 and 10000 900
gallons Of water per diem, and the supply
| has had to be eked out from the reservoir re-
serves ever since June 81 The Croton aque-
| duct cannot safely carry more than s0,DDDOt0
| gallons so that the storage lakes and re5er-
yolr5 are called upon for between 30,b5O0g0
and fo,0oO00D gallons daily. II II proposed
| to Increase the daily supply 20.0oD,600 gallons
n cost OF nearly S3,6oo,6oo, and providing new
reservoirs with capacity II 3, 800, Go9 900 gal
| Ions. This Will answer for present needs but
| + ls evident that New York cannot long trust
| to the small surface tributary of hsr Croton
system for an adequate water supply. The
commissioner proposes To economics water
by introducing meters In oil public places,
but nj the same time he warns the city that
the time Is rapidly approaching when water
| must be sought elsewhere, and the Housatonic
river is suggested M the most available
source for the winter VI the future. That river
will supply iGo0100D1 gallons daily, and, sup
plenented with the proper reservoir SYSTEM
will afford New York daily 10000 600 gallons
Whatever royalty American cotton ever had
seems returning to it. Ihe last crop was
large and exccIent. The Egyptian and East
Indian crops, that rose to an enormous
amount during our civil var, have shown
their infefiority, and suffer from the proof
while the decentralization If labor caused by
their enlargement has told In reduced food
crops and In farnnea and In general suffering.
IN the last four years the BRAZILIAN cotton
crop has declined 80 Der cent, and as thlg
falling off occurs In the very morning oY
emancipation there, its continuance and
growth are IT, be calculated The experiments
made In the South were not fortunate, and
very little Is heard from Manchester missions
Ia Central Africa, and were the crops else
where more abundant the inferofity of the
staple runs against their adoption s55gltzer-
land alone having last year decreased her
purchases of Egyptian and dropped her In
dian bales, but bought over 51,G09,GG0 pounds
mora Of American than the previous year.
There was also larger German and French
demand This decrease in Egypt, where the
loss is likely to continue through political
and financial troubles; In Brazil, where ths
growing cause should tell in the conBe-
nlIences; III India AM al~nrrhara cannot fall
to tell upon the profit Of the American crop
and make it more profitable to the planters
and serviceable to the country.
TIE Vicksburg Herald, of the eighteenth In.
slant, says OF early cotton picking and sales
little attention 70 the course Of the New York |
market for futures" Not tHnt they should |
operate in futures, but that they should, at
favorable times, regulate the sales 81 their ac- |
tual cotton on hand or OPEN II the field, ~ |
the manifest course of the Neg YORK market.
The situation at the close of business on Sat |
,lrday, August 10, 1870 strikngIy shog8 that
every cotton raiser should pick, gin, ship and
sell as much of hi5 cotton in August and Sep !
tember as possible. Why? Spot cotton in
New York, MiddIing Lplan1e, closed BIT
II 7-1Gc September futures" ciosedat Il .45c,
the same as II 7-1Gc, very nearly 1l1ac per
pound. At the same moment Octobar .'fu-
lures" closed ut 10.47c, not quite l0Ic, and |
December futures" closed at l0.1lc, not quite
1O4c per pound.
The New York Commercial Bulletin, Of late
date, says there Is powerful clique 'bnll I
Ing" September and bearing" October. that |
Is, forcing up the price Of September cotton
and forcing down the price Of October. This |
clique will be compelled to continue their
manipulations and will keep I'D the price
during September and then put it down far
Their In October. There IL q difference Of
about one cent per pound between September /
and October, and difference Of about one
cent and quarter between September and
each OF the months Of November and Deem
Der. In other words, the cotton raiser who
ships and sells his cotton in August Or Sep
TENDER will receive H. cents per pound, and /
he who sells In October will receive only 1914 |
cents, while he who sells in December VIII re-
ceive only 10l4 cents. |
Early picking and immediate sales should |
be urged upon cotton growers by the whole /
press of the South.