The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-05-09
1899.

The foregoing shows an increase during the
Rhe eopo ns n yga ron March q
August. Inclusive. Of wheat and -four were
5se72.397 bushels. including 10. 40 2s4 bushels Of
Last year the harvest was nearly month
earlier than usual. This year the indications
are that the harvest will be late. During jan
nary and February 1879. the export movemen
bushels Der month the monthly average 9ae'i Tor
the six months from March to August. 1879, will
Recent advices from Kurrachee. British In
the prospects for the wheat crop In the section
somewhat improved The shipments Of wheat
March II. 1879. had been 1877 tons. vs. 7920 tons
for the corresponding period la 1878,
.Adylees from dalatz. Houmania under date
maize at that shipping port from the Upper
two weeks IN April had been cold and rainy,
which further retarded spring sowing. but
the autumn sown wheat however. does not so
the southwest where the plant shows yellow
tinge caused by the excessive moisture
The amount OF wheat on passage for Cont
WIS 533 600 quarters Vs. s.7e9 quarters April 8,
ls III Included u the amount; April -. were
Belgium and sso quarters oT ' Portasa 81 tie The
amount for France $4,000 quarters were from
United States ports.
In California the prospects for good crop Of
wheat are all of d favorable character. and on
the Atlantic slope there have been few or no
complaints OF the prospects of the winter wheat
crop; but Of the spring wheat crop there begins
to be serious aDprehensfons on account Of
drouh, which has for several weeks extensive
ly prevailed In the spring wheat States.
Both houses OF the Illinois Legislature have
passed law for the regulation OF savings and
deposit banks. fashioned somewhat after the
Missouri law. the substance Of which we have
given. The Illinois law contains one feature
that the Missouri law lacks. After providing
that any bank officer who assents to receiving
deposit when be knows the bank Is insovent.
shall be subject to q fine OF double the amount of
the deposit lost. or to imprisonment In the pen.
itentiary. 1t makes the failure Of the bank within
thirty days from date CT receiving the deposit.
prinn tacie evidence of intent to defraud. In
stead Of the prosecution having TO prove that
the accused was aware OF the insolvent condi-
ton OF the bank. this knowledge will be as
sumed, provided the outright failure took place
within thirty days after receiving the deposit.
and 1t will devolve on the accused to overthrow
this assumption by contrary evidence-a thing
very difficult to do This feature OF the Illinois
law Ia esteemed unreasonably harsh, says the
BIT Louis Republican, and. indeed. the whole
law, If strictly enforced. will require the busi-
ness OF savings banks to be conducted with the
most careful circumspection.
On the second instant. Mr. q. e. Powers
superintendent Of the New York Cotton Ex-
change. was presented by Mr.. J. M. Scott with
a beautiful ivory gavel. Mr.. Scott who was
formerly d member Of our New Orleans Cotton
Exchange. had promised to make this present
when cotton sold on the calls at 10 cents. a
promise he promptly redeemed. This little
episode Is gratifying to our cotton men, many
OF whom have. on visiting New York, been the
Of the generous and princely hospi- |
tality OF Mr.. Powers.