The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-07-22
crops" Yesterdays dispatches announced
that wheat had advanced 8 cents since last
Friday.

1
Baltimore merchants and shippers, tired
waiting for American facilities to South
America. have arranged with Lafnport *
! Holt, the English shipowners TO have theil
regular Brazilian steamers stop, on both III
ward and outward passage, at that port. The
benefits Of this movement is inealculable, and
gives Baltimore advantages for trade not
possessed by other American ports.
The New York Journal of Commerce, speak
ing Of the sugar market, says: "The I'm
provement Is due partly to the reports from
| London respecting the market for beet-root
sugar, representing an advance In prices for
tho article through crop prospects. and rs
we'll through the temper of the West India
markets, which are reported higher; also,
from the full inquiry from local refiners for
supplies on account OF the good trade Ia their
product"
A sale Of twelve millions worth Of per
cent bonds IS reported to have been made to
London parties, on Tuesday, by the New York
syndicate, at price which yields clear
profit OF Ia per cent on the lot This, 1t is
said, closes out the bonds bought In d lump
profits, probably without the actual invest
ment Of dollar-for the proceeds Of the sale
were deposited chiefly II not wholly with the
syndicate banks-have amounted to about
two million dollars. The banks which en-
ioyed the favor Of the treasuary department
have made O. very good thing out of Mr. Sher-
mans refunding operations
A ..4 xSe
the United States has recently been published
The record is q most striking one, and clearly
shows to the observing person the pit into
which was sunk the anticipated net earnings
OF many years. The list includes not less
than BOT railroad corporations that have been
to 20 into bankruptcy with losses
to creditors varying all the way from 80 to
100 per cent. The enormous sums thus sunk
cannot be accurately stated, but an approx |
lnately accurate statement puts the amount
Of default up TO January /, 1870 at $500 900 900;
md II this estimate errs 1t is III the direction
Df conservatism.
The Supreme Court Of the District Of Co |
Iumbla has just rendered d decision In regard |
10 the liability OF a railroad company. pas
senger on train heard some unauthorized I
person caal out the name Of @ station at which /
10 desired to aiHht and supposing it to be
he conductor who had made the announce
nent, got off and was injured. The Judge, at
he trial Of the suit for damages, instructed
he jury TINT Ii an erroneous and authorized
is made on railroad train it
? the duty OF the company to have somebody
n attendance to correct it, and that In the
lbsence Of such correction the presumption
must be that it was made by On agent Of the
A verdict was thereupon rendered
q favor OF the plaintiff. These Instructions
he Supreme Court have decided to be erro-
leous, and the judgment has been reversed.
The railroad companies have obtained some
cry curious decisions In the courts Of the
'arlous States; decisions that 1t has some
ines been necessary to counteract by Iegisla-
ion, and that the courts themselves have |
cen under thenecessity Of overruling In later
saSe5.