The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-07-26
crop. The corn crop 81 the West promises to
be- enormous.

Mr.. Jones' United States Consul at New
castle. fl d recent dispatchsto the Department
of State, transmits report on iron and steel
a. produced in the north Of England. The
iron rail- trade, he says, hasss fallen from sM,-
COO tons Id 1878, TO 1000 ties 10 1873. Inc
ngate trade has increased fl n 10000 tons In
1878, to 2ss, 900 tons IN 1873 Steel has super
seeded iron for the manufacture OF rails, and
Il steadily snpplanting the old iron ship
plates. ship can now be built OF steel
plates for e1s,0o0, of iron plates for $1,000.
The steel ships Wonld weigh about r. tons
less than the iron. The gross tonnage Of Eng
land ID stated to be- $1,000 iron, $1,000 wood,
and 447o steel. A great struggle Is now CO.
ing on between iron and steel In what Is called
the Cleveland district.
The value Of immigration ID shown by the
arr wal OF the four hundred Russian M ennori-
ties, already announced, ct New York on Sun
day last. The Mennonftes are among the
most thrifty people ID the world, and Wher-
ever they have planted themselves, from the
Crinea to Kansas, they have saved money.
The present body are said to bring with them
100000, or about $1,000 each. They comprise
70 West, invest their capital In land, houses,
implements and labor, snd they and their
children will ELL the new lands thus brought
into cultivation, and add many thousands Of
dollars annually to the productive resources
Of the country
The St. Louis Republican Of the twenty
third instant says: .sTf1e presence Of yellow
fever In Memphis has, Of course, shut off
trade with that city only, and only restricted
1t with other netghboring towns from appre-
hension, but il the epidemic shall develop
into an extended sphere of river and neigh
boring interior towns, d very serious irnpedi-
ment Of the Southern trade of st. Louis will
result Already neighboring Southern States
are alarmed, and goods anywlse exposed 10
the contagion will not be permitted to 90 into
or pass through them. Monday the st, Louis,
Iron Mountain and Southern Railway Com
pany issued 8 strong caution to st. Louis
merchants to refrain from shipping any goods
not positively known not to have been Id
Memphis, as there il great excitement in
Arkansas and Texas, and that any neglect Of
this will not fall to close all trade comnnuniea-
ton with them. This is at present the serious
aspect OF our Southern trade"
An account has been lately published OF the
way IN which the indemnity paid BY France
to Germany, on the conclusion OF the war OF
1901, has been expended. Altogether, In
Guiding the war contributions imposed upon
Paris and the departments occupied by the
German troops, Germany has received from
France som ethfng over one thousand millions
Of dollars, the precise sum In francs being
1854 100000. OF this sum $3.50, 1900 was set
aside for imperial purposes, and the remain
der divided among the several States forming
the German empire, the old North Ger
m an Confederation (which includes PRUSSIA
receiving the greater portion. or about $780,
100000. Bavaria got about sixty five millions
Of dollars, Wurtembsrg twenty millions,
Baden fifteen millions and Hesse six millions.
Of the half billion dollars reserved BY the
Imperial government, nearly one-fourth went
to form q pension fund. seventy millions TO
AIsaee and Lorraine for railway purposes and
Qualifications, thirty millions WAS placed on
the Imperial war treasury, three millions ln
grants for eminent services and million and
half to Germans expelled from France,
while smaller sums have been devoted to q
variety Of purposes.
The great tunnel under the British Channel
with which 1t Is proposed to connect England
and France, has not yet been fairly seom-
meneed, but the engineers have sunk shaft
near Sangatte In order to ascertain the depth
and currents Of the water. When these pre-
liminary experiments are concluded the work
Of making the tunnel Itself will begin. The
shaft now being sunk has diameter Of about
nine feet, and Is to 20 q depth Of 2G0 feet
Work III the shaft has been suspended for the
last three months, as the water comes In 50
rapidly that it has been necessary to con-
struet machine which will extract 900 gal
Ions per minute, or double what the machine
first used could remove. This shaft has
already been sunk to halt the proposed
depth. The walls Of the shaft are being lined
with small oak pIanks, with backing Of
concrete. The earth which has been e1ea-
waited is OF white, chaIky nature, and very
hard.
The financial situation In England takes It's
complexion from the weather and the crop
prospects, and Is gloomy enough. According
to the London Times OF July 9 q depression
OF spirits among the investors and specula-
tors alike seems to hang over the markets on
the Continent, but 1t appears that, until the
anticipated deficiency 10 the harvests is act
uaIly realized, prices will for the most part
continue to be supported, because holders Of
stocks prefer to run the risk Of a possible fall
to having to find some new employment for
their money, which Is not an easy matter just