The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-11-13

i PnarnrF,rH RECEIPTS. If the Notable
etTacts of the general business revival IN the Ia
crease III the receipts Ut the uosufiees through.
cut the country for the fiscal year ending June
| ~. taTp. Owing to ta yellow fever vlaitatons
| Memuhla Ia the only ono nf NIL tho cities la the
country that shows a decrease, tho postal re-
! aeirta for taTa amounting to ~ sb4, against
| sbnp It In 1879. All tle other Southern nilea
show marked increase OF raceipta. Nashville
reports ss2 nl2, against sbH 4ss III 1872: Atlanta
advances from ana ZIG 10 st1 ahp. gain rf nearly
$1,000. Baltimore, from s9al ora tn tar4,nip; New
OrleaDs. from s1p9 tHs 10 tipE EGt Louisville.
from slla252 tp slEa GAY Chicago takes the
second rink next 90 New York, dIauaelng rhil-
ndalphia. heretofore ooeupying that position.
There In great uniformity In the rate Of In
crease. the average being about 10 per cent
ahe reoeipfs fer 1879 If the principal cities are
"a follows. New York. sq,ppR2p7, Chicago
81 0Ea 3oa Philadelphia Al OFT ts7. Boston Ell ,n2a,-
90. ST, Louis sEit,ait, Cincinnati SAT 563, San
Francisco f4af.4a1. brooklyn slnl a74.
THE ABOLITION or 1HH rRnHENr RHrprtaa
LAWS New England ana Nav York are strong
" pushing The movement y promote the mari
time lntereatn Of the country nv removing the
onerous laws designed ostehaibly TO protect
American ehiphuIllerH and promote the build
Ing nf American ships. but which have actually
destroyed our merchant marine and forced ne
to depend upon foreign shu owners TO do
Our ocean carrying Three4fonrths and
mora of American exports are transported
on foraian vessels al M expense 10 this
country af not lesa than 2nUun.noo annually
while the New England ship yards are idle
aud during the eleven yenra since the building
of iron ahinH was commenced only 2nE ena tons
OF all claaeea If vessels have been launched AZ
against the i,G1T 900 VI British iron tonnage
The cause Of the downfall Or our chipping In
tnraaia may be read In snnttona i19 to 4laG Of
the Revised Statutes Of The United States
whereby Americans arc prohibited from buying
shIns where they can buy them cheapest md
are cooly informed TINT II they want 10 be
Rhtn owners they must buy from Amer
lean ship builders, and pay the prices
they choose ~ ask The Boston merchants arc
moving for the abolition Of the present shipping
lava 20 are the New York merchants. They
want cheau ships. They want to buy ships
where they can get them cheapest. They want
tho duty on ahiphuil'itg materials removed
that American shiphu,lers may be ahIo to
compete with Great Britain. Germans buy
It'd, ir ahipa largely ia England because thny can
get them cheaper there and during the at
twenty tnnta the German to mage haaarin-
nroaaad rem 100000 to 40 600 tons hy the free
ahtn ayRthm.
THE ADVANCE TN EroeKs. The Public ID con
apinuoua among New York pagers for percaiv-
Ing that the rise In atocks Ia the result Of tho
regeneration Of the country nj large. and not
the mere nTnrveacenrn IF speculation. n aaya
Thua there Inns haan ateady outao Of stocks
from the street one year M rauidIy advane
Ing nrlnes. Money has been com ng In tn tax
AWAY atneka formoflT deemed nearly watth
Less. Athe oloaa " The long period Of di-aster |
the street held vast lnnutity Ut stock, # which
the market value had fallen 80 7 " that only |
sh7 nNn oon was loaned ~ ral ~ Oeohaf. 1879 by
the national banks of this city on III other
Probably 'le market value of MI stoeka held In
speculative hania III the atrea ~ thn' tme was
~ rhan stsn,noooon, Fully half of hat stock
III former marSa'v l,ln has heen taken NV ~
~ investors, rreos have 40 advanced thai the
c,eh paid tu the atrent for the atoot taken away
hHs been nearly or quite double the market
ing, tho street has nfeedy. rneaivah in
solid oaah evory dollar that al its
IN Inv we, "M Worh IN sep'emher ,s7s and
pio ka remaining to The atreet "a Il
whoto could be given away or burned up Ia Il
night, nnd s'i tha street wouli be about aa wall
mon sanae, how can \ panic " brought about
ii such \ state Vt thugs2 There can and doubt
run down rapidly weak holders will hasten to
sell. But the condition Ut the market, ns n
Thnla. IA extraordinarily strong. and n most
'Dncupiye proof If tho fact Ia seen In the rapid
'nrosery which follows every temporary de-
slime. The secret IA tha- there are men who
lold very large realized prof'ts In cash. which
b are nj any time ready IT, invest when a
moderate reaction offers u favorable opporfuni-
". Even If they hold stocks recently bought at
'iga prices. they hold mainly or wholly upon
'ralts actually realized hy, previous sales q the
anne or other stocks. and can Witness with q
aim md philosophical spirit y decline which,
X other times. would convert them into bears
VI "a IA WI |
lo.d its stocks wholly Or mainly upon clear
srola, how ~ any serious rania posshe2
MONETARY.