The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-01-18

Commercial and Financial Matters,
The bark Elieser cleared yesterday for Dor.
deaux with 7,142 bushels Of corn In bulk.
| The balance Of trade Ii still largely In our
favor. During last week the imports at New
York were 2,22s, Asa, Of which 81, 5sG, 2o4 were
general merchandIse and the remainder dry
goods. The exports Of domestic products for
the week were valued at s4.429,575.
Those Michigan people who are terribly
distressed lest an appropriation will be made
by Congress for the Improvement Of the great
Mississippi river are pressing that body 10
| vote $5IOO0,OOO to cut canal across the State
OF Michigan, for the benefit Of Detroit and
| Chicago.
State Consols opened yesterday at GA. went
up to 64H,, and closed at G3s40o64, against $50
63h ON Thursday. Premium Bonds closed
| weak ct 2p4@291s, against 309s@305s on
the previous day. The sales ut the Stock Ex-
change amounted TO $4,000 Of State Consols
and 500, 900 Of Premium Bonds.
Notwithstanding the recent enormous in
vestmeDts In government bonds, railroad
stocks, etc, In different parts Of the United
States. the banks still hold good deal of
money. The last weekly exhibit Of the New
York banks is favorable for an easy money
market at that point. the total reserve having
been increased last week s1,to9ooO, and the
surplus reserve st.i2t. 700, the latter now
being Sl2,397, 25O.
M inn r. ,l,,..
twenty Of the principal Western railroads,
including the Union Pacific, the Central Pa
clflc and the Kansas Pacific for the last year,
compared with the preceding, was 80, 292, 294.
The comparison Of the gross expenses Ia not
announced. The Central Paoiilc gross earn
ings increased s7OO,0oo those of tho Union
Pacific $22s,OOO, and those OF the Kansas Pa
cifio s495OO0
The Baltimore American and Baltimore
Sun. both avowed opponents of the Texas
Pacific bill, because, they aver. IL grants
subsidy 10 private corporation are earnest
ly advocating government subsidy of
$4,000 or $40 900 for the purpose Of cut
ting ship canal from Delaware Bay to Chesa-
peake Bay. The CourIer-Journal says: "The
ship canal projects In various States. which |
the virtuous anti-subsidlsts are now advocat- |
ing, will cost the national treasury more than
the construction Of solid lines Of levees from |
Cairo to the Gulf Of Mexico on the MISSISSIPPI |
pi river. Let that levee bill be pushed with |
zeal"
There has been lively fight lately between
cotton buyers and sellers In Augusta, Ga,
and business was almost stopped for awhile.
In f.ttn f,
know the basis upon which the difficulty was
settled. The following was the treaty Of
peace agreed upon:
I. All Weighing must DO done by duly sworn
2. No reclaim tions shall be made by buyers
Tor loss In weight unless the cotton shall
have been weighed within three days sue
wedding the day Of purchase, weather per-
hitting, Sundays and holidays excepted.
.. In rewelghlng no account shall be kept
,f the discrepancy In tho weight Of any bale,
lnless the same shall vary from the weight
billed TO the purchasers more than one pound;
md no reclamation shall be made upon the
seller unless. Nter making allowances for
rains, the Losses shall aggregate ut least one
half pound to each bale weighed. except In
,sses OF glaring error.
T. The seller may have the privilege OF re-
aiming In bis possession properly ticketed,
Vi sale samples until the cotton shall have
hall become the property OF the purchaser.
The Cleveland Herald says:
The private claims for war losses now pend
~ III the present Congress are quite large, ,
nd II paid would only prove the opening |
wedge for thousands more Of q similar char. |
cter The total amounts asked for by private
laimants from the several States are about i
9 follows: Alabama, $4,000; Arkansas,
100000; Florida, $4,000; Georgia, 100000;
..entucky s5O0,OO0; Louisiana, 100000
1aryland, $25O,000; Mississippi, $4,000 /
llssOuri $1250O0; North Carolina, sl75,0O0;
ennessee, $1,5OO,0OO; Texas, S675OOO; vir-
inia, $4,000 District Of Columbia, $780,
10; West Virginia, 100000. These amounts
70 only specimen bricks Of the mass held In Y
sserve, only waiting the good old times Of
return Of the Democracy to the control Of I
10 government u secure prompt and speedy /
ayment
The Herald Ia Republican journal Of the /
ttreme order, and we suppose IL has looked
YER tho Southern claims business pretty !
thoroughly. III It's statement Is true, that OF
10 New York Tribune must necessarily be
ise, and Intentionally SO, for political pur-
)ses. The Tribune makes the amount of
Duthcrn claims $35O,0OO,0 900, with ''probabili-
es' Of 81 SOC, 000, 600. The Cleveland Herald D
N II no tho alu inns all told or b7h Inn