The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-11-05

cotton.
i The steamship Jamaican cleared yesterday
with loo76 bushels OF wheat In bulk beside u
large cargo Of cotton.
The sharp advance In certain stocks has had
the good effect % driving three New York
bueket-shop keepers and two Philadelphia
concerns to the wall
| State Coneos closed at AZ. against 43'4GoA on
Monday. with sales OF $4,000. Premium Bonds
closed yesterday at 27a02s. against 277st92sSs
on the previous dry, with snles OF $4,000.
| There have been seyeral recent arrivals from
Atlantic ports Of coal, aud we note tho arrival
yaseIda of tho schooner John Proctor. from
Baltimore. with $50 tons Of coal.
| CoCHINEAL.-T article commands ad
vaneed figures owing to tho failure Of tho Hon
duras crop. which Ia estimated Mt only about
one tenth Of the yield 81 last year. though
adding tho Peruvian and South Pacific crop.
| the falling or ID reduced to about one-Hfth or
| one sixth tho average supply.
CoTToN FACTORIES IN NORTH CAROLINA.--
There arc filtv-threo cotton mills ii operation
1 In North Carolina, and tho consumption for the
past year s estimated At e. ~ bhes. II 297 800
| pounds. There was au Increase OF tG.Gtt bnles
over tho previous yoar. Throa largo mills are
now being erected, with tho prospect that others
will b. added within the next twplve months.
| Georgia and tho CarnllnRs ure mixing aubsan-
| tial progress III the manufacturing Of cotton
goods. while Louisiana hns not built n cotton
| factory since the war =@4~a. =."r .a.@
GOLD. Tho total yield or gold in tho United
States during the yenr 1873. as estimated BY tho
mint authorities wns S4G.72f.3lt. the largest
yield of any one year since 1870: yet much
| groater amount than this annual product OF our
| own mines has been shipped to the United
| States from foreign countries In coin during
| the last three months. the aggregate receipts ut
Now York being UPWARDS OF Nifty millions. with
nine or ten millions Of the October shipments
| vet to arrive. -a5n.a5.@m=5 ..m-..
| SHIP PRoPERrY.-Tha improvement In
| freiKhts at most Of tho loading ports OF the
world is a good augury for the shipping inter-
ests and with the prospect Of revival Of bust
ness all over tho world. will doubtless render
ship property remunerativo. The only danger
| ia that tho Improvement In freights will lead to
a too rapid revival OF shipbulding. Tho pro-
| tracted depression of the shipping interests
| has been mainly u consequence OF m excess OF
tonnage: and If ships are to b turned out too
| rapidly 1t will be vain to look for u permanent
reaction In freights.
| THE BooT ON THE OTHER Leo. - Several
| months ago there was a great scare In this
country over the alleged prevalence of pleuro-
| pneumonia among cattle In various States Ono
! Of the.rasults OF this cRuseless sxctemant was
government order from Canada prohibiting the
| i'm poItnton Of cattle from tho United States
| into the Dominion. This order involved a very
serious injury tothe cattle trade Of this country.
/ Mr. Il a
monia ID reported ii Canada. and at cabinet
meeting In Washington It has been decided to
prohibit tho Introduction of Canadian cattle
into the United States.
| THE TURN or THE TIpE.-Fifty years ago
there was q general depression throughout
this country. but 1t was temporary and re-
covery speedily followed. This was followed
by the financial crises OF 1897 1913 and 1857. and
| from these there was also speedy recovery.
but the oldest merchants aver that during all
| these fifty years there hns been nothing In
their experience SO remarkable as the present
reaction from the long depression since 1873.
From other crises the recovery came within o
year or too. but these last six years have boon
years OF unparalleled shrinkaRe and depres-
sion and whom the first CLEAN OK prosperity
shone out there had boon q pretty general
| cleanin out Of surplus stocks for new start
| ing and now we are making up for these six
years. and 1t will be long, at the present rate Of
consumption before the markets again become
glutted.
A SURPRISING STATEMENT, Tho semi annual
meeting of the New England Cotton Manufac-
tnrers' Association was held In Boston last
! Wednesday. on which occasion Mr. Edward At
kinson made what to most people will seem
i ~I,Ix rtntn thof
| engaged In the manufacture Of hand made
fabrics than are employed at machine made
cloth and steps have been taken by the Secre-
tary Of State TO procure through the conBuls Of
/ the United States abroad three sets OF specl-
mems OF the native made fabrics 81 all foreign
countries one set to be deposited with the Smith
sonian Institute. another with the New Eng
land Association. and the third with museum
which Is projected for the special exhibition Of
4 hand and machine manufactures. Mr.. Akin
4 son also called attention to the fact that the
sum of $50 900 Is about to be expended under
the direction OF President Claiborne. OF Will
Hams College. In the compilation o. q volume
OF about 1000 pages devoted wholly to the man
ufacturinR interests Of this country.
| APPREHENsroNs or WAR IN EURopE-The
merchants who take an interest in European
politics more especially the great bankers and
merchants who have more or less Intimate bus.
mess relations with Europe and the continent.
are apprehensive Of trouble. ere long. between
| Great Britain and Russia. growing out Of mill
tary operations In Central ASIA and between
| Russia and Germany. growing out of the alli-
ance the latter Is said to have formed with Aus
| tria with view of restraining Russian designs
on Turkey. Special importance Is attached to
/ the cable ANNOUNCE mont from st. Petersburg
| that the Gar and the Empress are going to pass
the winter In France. inasmuch as 1t may
spossibly imply counter alliance between
Russia and France as against Germany AS
everybody knows. the continental nations have
all been increasing their ornaments to the full
extent of their resources. and the talk is. 1t is
not In tho nature Of things nor in harmony
with precedent. that these ornaments are to re-
| main long nnemployed. In all large CONNER