The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-01-15

10
on the privious day. The sates at the Stock
Exchange were $4,000 Of State Consols and
$4,000 OF Premium Bonds-a coincidence.
bankrupt In the town of Houghton Mich,
was present when the final dividend was de-
clared from his estate, which was just 81 10
short Of yielding an even per cent To save
the commissioner trouble the insolvent mag
unanimously paid the 81 70 from well-filled
pocketbook.
The Corn Exchange National Bank of Chi
cago has informed the Comptroller Of the Cur
rency OF It's withdrawal from the national
banking system. The formalities OF the law
will be complied with in about sixty days, and
thereafter the institution will do business un-
der the State law as the Corn Exchange Bank.
The reasons for the change are the heav-
mess Of the taxation Of national banks, the lack
of profit In the circulation, and the supervis-
Ion OF national banks by examiners.
Apparently the damage to adjoining prop
erty inflicted by the elevated railways In New
York is more imaginary than real. At any
rate there was q very successful sale of Sixth
Avenue real estate last week, which the New
York papers say upset the oft repeated pro-
locomotion. 1t is simply new order Of things,
and that Is all that has come about, the ele-
waited roads having brought such crowds OF
people to the streets they run on that they
have done quite as much good as harm, II not
little more OF the former
The exorbitant charges of Partisan trades
men and the growing practice OF feeling
every porter or grocer's clerk who delivers q
package has led to the recent establishment
Of giant concern on the cooperative prin-
ciple by an English company, which employs
eighty or ninety persons, and deals In almost
everything required in the housekeeping line
The capital OF the concern is half million
dollars. A similar society In London did
business OF 81. 100000 last year, and made .
profit OF 100000, though selling from 20 to
80 per cent below ordinary prices.
The assets Of the defunct Freedmen's Bank
by which SO many Republicans got rich at
the expense Of the gullible black brother
were originally estimated at 81, 5OO,O OO They
have probably shrunk to half that amount by
this time Meanwhile the expenses OF wind
Ing up" the rundown institution during the
last five years amount to $31s,753 The wind
ers-up evidently have soft thing" but it
promises to be hard enough for the deposit |
tors. The friends OF the negro" know how
to make him dance when they get hold OF the
financial fiddle.
The receivers OF Western produce are loud |
In their complaints about the expeditions |
and unceremonious manner In which their |
property Is hauled from the leyee and stored |
In warehouses by the wharfingers They |
CI0ip, hot ~ - - - &.I
the landing OF grain, etc, is at this time but |
slimly occupied, and that there Is no prospect |
Of the arrival OF boats from the upper rivers |
Tor at least eight or ten days. Notwthstand- |
Ing this they declare their produce Is hurried |
away to warehouses without reason or cere-
mony. They are Of the opinion that thoy
should have some little Indulgence at time |
like this when they are blockaded by mud |
here and by ice above.
The New York Post has been making q
series Of calculations showing the prices Of
food and labor from the beginning OF the war
until to-day, and demonstrating, by figures,
that we ought to be happy. Pork, for instance, |
was s1s SO per barrel in 1860, SO In 1862, and |
$40 (the maximum) in 1864; to-day it is at It's |
minimum, 81 81. Lard was 12ll, cents per |
pouhu III looo, LII 1901, % III 1000, huu 10 |
day 1t Is at its minimum Wheat was 81 q |
bushel In 1860; at Its minimum, So cents, In |
1861; at it's maximum, ST 80, in 1866. Corn |
was 40 cents bushel in 1860, q in 1861, 81 "a |
in 1864, and is "a cents to-day. In 1866 the |
staple articles needed by family were IS per |
cent higher than they are to-day while wages |
were only 66 per cent higher. II there is any
thing In figures, we ought to be enjoying |
wonderful prosperity just now.
The average grain product OF Europe is re-
ported at 5000, OOO,O 900 bushels, OF which Rus
sia raises one-third, France and Germany
800 900 bushels each, and Austria 800. OOO,-
Ooo The United States produce 100000, 900
bushels about the quantity that Russia does,
which, in proportion to osr population, is a
much larger production than any other coun-
try can boast of. Counting our inhabitants at
10000, 900. we raise 40 bushels per head and Eu-
ropes inhabitants at 800, OOO, 900, she raises but
16 bushels per head. Russia has &c and Great
Britain only bushels per head. The amount
OF grain consumed being generally Is bushels
per mead, we praaace nearly three times as
much as we want, Russia only twice what
she neeos and Great Britain not more than
one-fourth OF her requirement. Thus It will
De seeh' mat the production far exceeds the
consumption, but the excess is absorbed by
breweries and distilleries. at home and
abroad, which, more than any other cause.
keep up the price of breadstuffs. So men
have to pay dearer for what they drink than
for what they eat
There are twenty eight four-miIls In ST |
Louis with twenty-four hours capacity OF
1,75O barrels-two of tnem the Yaeger Mill
ing Company of 1900 barrels and the Atlantic
OF 1000 barreis-the highest OF the others I
being $50 barrels. Ont, first day Of the
year the total manufacture OF the city was
given at 1911, Os1 barrels, but a corrected
account makes it ,916, 900 barrels-the largest
production In the history of the -four manu-