The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-04-27
commercial and Financial Matters.

Commercial and Financial Matters.
ma steamship LevelBone cleared yester-
III. rar Antwerp with 3a,57t bushels q corn
II bulk and 1906 huehels OF wheat In puih.
During March, 1879 the United States es-
parted provisions bacon, hams, beel, poia'
lard hntter. cheese and tallow valued ~ e.
1sa 135 Il decrease Of 81, 473,309 lloih tlia n
norris of the articles named In March, 1872
An Eastern paper says: Inc n'aue.p -.
back tax collector makes $25e,ooo yea. ~
III H. ,,fYino There IA come weak talk 81 put
tIna tbe fellow On q salary, put ne ~ 1ieh
ono,,ph to buy up the Legislature
,,,., o,,,etarv Of the Treasury declines 10
- iii. bankers who have taken all the
80 eant bands offered, to gobble the slo
~, which are Issued only to those
,.,,,o xvant them In Gums OF less than $loV.
A armed steamer has been dispatched to
.,.sHa Int recent news from Sitka IS OF the
noat nacilic character The steamer, now
,,.e,. IL to be made useful In cruising about
among the islands, and protecting the gov
.rnments interests In the fur seal and fishing
business ----
mo reserve Of the Bank OF England is
go ooo 600 sterling higher than 1t was at the
corresponding time in 1878, and the accumuia-
linn of loanable funds In London is getting To
IN aueh that all good securities are IN unnsnai
domaud American bonds LII London are active
and firm. ---
rho New York Public says of the national
,,,ht "rhe yearly interest was $150. 977 ,6aI "
" August 1866 and S12s 459 59S IA IN 1868, when
sa.ratary McCulloeh had com pleted his work
n will he reduced In July next to $SS. 3o5,3
yearly. provided no part of the debt should be
Maid meanwhile
state Consols yesterday closed firm at 5ots
sa5nt,. against 49s4m50A on Friday Ere
,nium Bonds closed steady at 26o1261s,
auajnst 255sa26l4 on the previous day. The
aales AT the Exchange footed up $s2,5oO OF
atatea and All 600 Of Premiums. There was
Gale Of Consolidated Bonds (Crossman) at al1s.
rho California and Consolidated Virginia
,n;nes which three or four years ago were
aelinr at $2oo,On0, 900 To $250,000, 600, are now
ouoied At about $50, 0000o0 The two mines
have paid ST. ,0Oo 900 in dividends. 1t is stated
that The only persons who have made money
o,,t of the mines are some OF the original
owners. -
The ten dollar refundng certificate = the
noor mans bend-was not intended, says TIE
Washington Post, TO be gUbbled by syndiea1es
and sold at O premium TO the working classes
Annie time must be- allowed for the people
81 invest In these bonds. Such investment
ahould he always available, and there should
he no pushing or crowding. no declaration
that the Door who want chance must pe III
d hurry. OF they will have to pay commits
siou to a combination Of bankers.
The American wheat supply is still liberal
though gradually diminishing. and prices are
not likely to advance to 81 1o-the average
Chicago April quotation for No. spring
wheat last year. There are over 6,oVV,ooN
bushels of wheat In store In Chicago, and 164,
600 bushels loaded in vessels in the hafbof
while d year ago the Chicago elevators heelo
but 100000 bushels OF that grain. Inc amount
Of wheat In sight In the United States ant
Canada liz reported as considerably exceeding
100000 bushele being about 10.5N,oot
some of the receipts at this port since Sep
TENDER /. from the interior, are as follows
Sugar 165,695 bhds, against 110,93l hhds fal
the came time last year: wheat 1,4o1, ~
bushels against 6G1 sol bushels last year: 20
bacco 1910 hhda, against 3435 hhds last year
whisky 25.so7 bbls against so615 bbls las
wear: rice 227. 554 bbls, against 2l0,l 1873 bbl'
last year; pork 1888 bhls. against 4l,ss
bbls last year: molasses 40, 4ls bbls agalns
3Og,1 TIC bbls last year; corn 2,953,o 900 bushei'
lin bulk against 3.76O,45s bushels last year
cotton seed 1,o3o5n Sacks against 1,7406o
sacks last year. ...
Indian corn has been one Of the items Ia on
exnort trade for half century, but two yes
sells could have carried In single trip tn
yearly export of this atticle until 1916. when
for the first time, the exports reached 100000
bushels. In the year of famine that folloWe
the shipments were 100000, but from tina
time until 1871 the demand did not seem t
increase at all. Then. for the first time. In
dian corn became one of the staple articles {
food for live stock, and the shipments ros
from 25, 100000 In 1879 TO 65.oo0,0o0 last veal
and the farmers Of the West received fror
$40 600 900 to $50, o0o, 900 for corn alone sent
Europe-by far the largest part of il to Grea
Britain.
The Turkish gold tira, or pound, the nom
nal value of which Is 100 piastres, ha
risen to HOO piastres in paper money. In OIL
ar words. the piastre, the nominal value I
which ID 4Ls cents, has fallen to 39-100ths OF
cant. and the distress that ensues In the Turl
ish capital and provinces Is said to be terrlo
TO witness. The Porte has made gref
many efforts to regenerate its finances, an
the Sultan has sent his gold and silver plat