The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-01-07

About half million barrels Of corn meal,
vvp -four. horniny and grlts are annually
manufactured Id 81. Louis, there being four
spn mills engaged In this industry. The
larger portion Of these products are sold
South. z----
~ state Cunsols closed steady at G8l4D6sa4,
+ asajnst 6ssIG66gA ON Saturday. Premium
bonds closed easy at 335sGs31a, the same as
IN Saturday last The sales at the Stock
nxehange were $4,000 OF State Consols and
sMooO OF Premium Bonds
III new York, last yenr, the gross amount
n liabilities involved In mercantile failures
v,aa reported at $63,g5s ,403. The assets sur
rendered were OF the nominal value OF
ais, $685. 31 Probably the net Losses to cred
ltors considerably exceed s5O.00O,ooo.
There we're 1869 business failures In Great
Britain last year. that number exceeding the
Bankruptcies Of 1877 by A,037. The arctic wave
struck and froze to death no less than 2,643
financial, wholesale and manufacturing con-
cerns. The outlook for the present season 10
sven gloomier than that Of year ago.
The treasury department received from the
mint bureaus on the fourth instant the sum
Of s575,O0o, which represents the profit for
three weeks only on the coinage OF the stand
ord silver dollars. IL seems that the govern
ment has Melted on the silver dollars 80 far,
after buying the silver, paying for all costs Of
iniHting and allowing for wastage and steal
age In the mint, the sum Of 81 100000.
Oneof the incidents of presumption day"
Is Washington was the application 81 Con-
gresham presumably Greenbacker; any
one else would have known better-fo
small amount OF gold In exchange for legal
tenders. He did not get IL, Of course, the law
only permitting redemption Of greenbacks at
The New York sub-treasury. The applicant
probably knew nothing about the law. or sup
posed that the treasury officials would con-
slider his special case, and disregard 1t for
Mis- benefit.
The resumption operations at the sub-trea-
sury III New York continue to bring In more
gold than Ia paid out. On Saturday $4,000
lE gold was exchanged for legal tenders, and
100000 In gold taken III exchange for them
net gain Of gold, sl2o,OOo. At this rate the
government Golfers will become plethoric
With the metal, which already appears to be
. drug In the market. The Becretary's big
stock Of gold is not likely to be drawn on at
Ill. and the sums now being taken ut New
York In excess Of disbursements would
amply suffice TO put actual epecie payments
II operation ut Washington and al the sub
TREASURES throughout the country.
-------------
/ From Venezuela comes the gratifying In
telligence that in the Dutch, English and
French possessions of that country the Gin
ehona or quinine trees are being successfully
cultivated and on q scale Of considerable
Holland has 100000 and the
English q, 900 trees, and the French are
also embarking In the business with flatter-
Ing prospects,. II Congress- will remove the
lilly and ridiculous tariff on this article, II Is
possible to place 1t IN reach OF the poorer |
Dlasses Of this country, the frequent victims |
Df malaria, against which, both as a remedy |
md preventive, quinine Ia almost alone Ell |
oacious.
Under the rule OF consular correspondence
bearing upon our commercial relations "a |
rule established by the present Secretary Of /
5tatsl our Consul at Barcelona announced
arrival Of the first cargo Of American wheat
It that port. The cargo--72. 900 bushels WAS
fair article Of Minnesota wheat, ths freight
'harge being $4,000, and was carried In an
English steamer. There was considerable
excitement created by the arrival, and one
lrm immediately ordered three additional
Argoes Tor Barcelona. The opinion of Con-
Jul Schenck IL that the new trade will prove a
lveiy one during the season. In this connec-
ION We Will state that last week we had 90
ASTON 20 note the expectation from New Or
cans Of cargo Of wheat In bulk.
During the ten months Of 1878 ended Octo-
'cr 81. England, the United States and France
u gained more OF both gold and silver BY ,,
than they lost by expectation. )
ne excess OF Imports over exports in those
ountries Tor that period has been stated An /
blows:
Gold. SiIvar
,ngland ......... SIG $4,000 s1e4 600 {
Infted States. 1.l3S.565 4.s7s3o4
rance. ............... A,3440O0 81 169 600 q
Totals. -. 80. $59, ,565 SAG. 234 3o4
The excess OF imports for the three coun- {
lies, both metals included, was $50, $40. 500. !
hese figures are the more remarkable be- !
Iuse this country, the greatest producer Of
old and silver, instead Of contributing az 9
eretofore to the supply Of England and /
rance. drew. like them. from the general =
ock.
The recent rapid growth Of our I've cattle q
ode with England has given rise to new Z
int which has recently been made the sub
ct OF an important decision by the Assistant
cretary OF the Treasury. Formerly cattle e
ere only passed between the two countries {
T breeding purposes, and the business was a
mparatively small. Tho shipment OF live
tile to England has. however, recently
own Immensely, and the English govern 9
emit now, by Law, requires the owner or con-
ynee to procure certificate Of the sound I
ndition OF the animals, otherwise they must
slaughtered Immediately on landing. As &
+ customs arrangements with England did 9