The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-02-15
.,.mercial and Financial Matters.


rns exports Of cotton yesterday were quite
- Eight vessels cleared for foreign ports
VI. caraoes aggregating 23B26 bales.
y sbefIied England the year 1873 has
-, Tho most severe ever experienced In the
- trade and merchants and manufacturers
40 now prepared 70 execute orders at lower
ss,ea than are remembered to have been pro
yIousy quoted -------
The net passed by the Legislature Of Ten
....oe repeaIIng the charter Of Memphis
ua.,a all the property Of the city In the State
M suit ia tho United States Court IL begun
n. M, view TO make this property liable for
he DEBTS Of the city. The questions 10 be
decided are interesting and important.
According 10 the New York World the
rimes Of that city informs its readers that
"a project has been entertained by some gen
,io,nen prominent IN financial circles TO test
~ oopstitutIonalty of the law for the reissue
a the legal tenders" and that 1T is known
!. be the opinion Of eminent authorities that
tbs Supreme Court must condemn the Law"
There was very little done In public securl-
aoa State Consols ruled steady at 5D'4 GlG0.
srainst 5ga.0@eo14 on Thursday. Premium
Bonds closed easy at 25I4@25,ss, against 25lls
ans. on the previous day. Tho sales Mt the
gtock Exchange amounted TO 81, 900 Of State
ronsols and $4,000 Of Premiums. On the
.traet were sold $4,000 Of State Consols at
baJ., and $4,000 Of Premiums at 259s
In the West Virginia Senate on Monday
i,,tr ,nl IA t.,t In for
,o,ture of the charter Of that huge concern,
tho Baltimore and Ohio Railroad. The reso-
lution seems TO be based upon the recent ma
iority and minority reports made by the joint
committee OF the West Virginia Legislature
on tho mooted subject Of DETERMINATIONS and
unlawful charges.
In Liverpool. England, the number Of strik-
ora of NIL classes is estimated Mt fifty or sixty
thousand men. A large proportion Of them
arc connected with the shipping interests of
tbe city, which Htp necessarily paralyzed by
The stoprage Of work on the docks. Inevi-
tably. tho tendency Of everything Of this
character IL TO drive trade into channels not
subject TO such Interruptions
Each year the sessions Of the Northwestern
Dairymens Association increase In interest
and Importance In proportion as the dairy
interest increases I'm magnitude and product
iyeness. Tho total value Of the butter and
cheeEe produced in the United States during
the past year was 5D,OoOOOo or s5o,O0o.ooo
more than the value OF the entire wheat crop
Of tho country, and the gentlemen who are In
Chicago Just now to talk about 1t are in an In
dustrial and commercial way persons Of con-
siderable importance.
The English cattle importation regulation
has been 80 modified by an order In council as
10 prevent the introduction Of live cattle from
American ports after the third day of March.
This will not be likely to interfere with the
shipping business as extensive arrangements
are already in progress looking 10 the slaugh-
terlng Of cattle Immediately on arrival. and
I'm cases where disease has manifested itself
on shipboard II will be to the interest OF those
engaged In the trade to see that tho cargo is
properly auarantined in order to prevent
more serious consequences.
During tho week ending last evening. the
fourteenth instant. there were received at this
port 22,273 barrels of flour, against IL 300 bar
rels last week, stock on sale estimated NJ
$4,000 barrels; 2s77 barrels of pork SOC
pounds of dry salt meats against 222.575
pounds last week 500 casks and 3l5 boxes oil
bacon. During Monday and Tuesday the
market was unusually active, and there has
been an advance In prices I'm all Of these art
clea. Pork has gone up 500D75c per barrel
there has been an advance Of tso on dry salt
-. itlp nj nj J. nm n
last weeks prices for bacon.
The Financial Chronicle publishes the gross
earnings of twenty-eight railroads for The
month Of January, compared with their bust
ness for the corresponding season last year
The result is not flattering one, owing partly
20 diminished traffic. caused by the partia
suspension of travel by snow blockades III the
earlier part OF the month and the unsatis
factory attitude Of the trunk lines and theil
dependencies on the question OF freight ap
portionment. These adverse influences were
not operative in January, 1878. few OF tbs
southwestern lines make exceptionally favor
able returns including the Atchson, Topeka
and Santa Fe, Central Pacific and lnterna
tional and Great Northern. The heaviest
falling Off Ia In Illinois Central Chicago, NIL
waukee and St Paul, Chicago and Northwest
ern, Missouri, Kansas and Texas. ST. Louis
Iron Mountain and Southern, Wabash. ant
Great Western (Canadal.
The revenue bill. reported from the Finance
Committee OF the United States Senate, has
been printed, and makes quite volume. The
changes from the bill as 1t passed tho House
are as follows. The sections In regard to to
bacco are TO 80 into effect April |, instead Of
March 4, as the manufacturers desired The
export bonded warehouse section and the ex
port bonded factories section are both stricken
from the Senate bill. The tax on snuff, az
already stated, IL "a cents; cigars. SO pei
1000; cigarettes, 81 u per 1000. Tobacco
men, IN commenting on the great increase II
the manufacture of cigars and cigarettes, SAY
there are now annually made in the United
States 2.00O,O 900 cigars and 16o.OoO,oO Ct
uareltna or the 10 600 600 pounds of manu-