The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-05-07


The receipts OF tobacco were as on the day
before, very large, and business continues
active among the receivers Of the weed In o
manufactured form.
The railway interests of the United States
represent value of $6,oOo,oOo,0O0. That OF
Great Britain, $500, 100000; that Of Germany.
stoo,0OO,OO0, and France, 81, 900, 100000.
important discoveries Of gold and silver
are said to have been made In the public
lands OF the Indian Territory, and specimens
of the ore are to be sent to st. Louis for
assay
We are informed by Mr.. Hester, the secre-
tary OF the National Cotton Exchange, that
the official statement OF the overland move
nent OF cotton, which at this time ID looked
for with great interest, will be published to-
day.
State Consols closed yesterday steady at
4ssI0497s, against 491a@494 on Monday.
Premium Bonds we're quiet at 25a4@26 the
same as on the previous day. The sales at
the Exchange footed up only $780, 900 OF States
and $4,000 of Premiums. very small
business. -".
The Southern Pacific in Arizona Is com
ing along eastward from the Pacific at the
rate Of q mile and half day, with no sign
Of stopping. At last accounts 165 miles east Of
the Colorado, and 895 miles east OF San Fran
cisco we're in operation, and the rails for 100
miles further are going forward, which will
bring the track about half way between the
Colorado and the Rio Grande.
dispatch from the American Legation at
Rio do Janeiro to the Department Of State
offers some suggestions regarding trade with
Brazil. It says what Is needed most there
are strong business houses Of undoubted
financial character. The present attempts
to secure trade to the United States seem
failures. A mere agency and sample bust
ness will not answer the purpose. An Ameri-
can bank with capital of 81, 00O, 600 or more
would succeed, while one of small capital
would fail. The capital of the Bank Of Bra
I'll ID $16,O0o,OoO, the English bank 100000,
and the Commercial Bank $6, 600, 900, and still
the complaint of Brazil is lack of money.
The receipts from internal revenue for the
ten months OF the present fiscal year ending
April 30, were $S9,024, 1888 81. Last year for
the same period they were $50, $751;, 354 80,
showing a decrease OF $560,471 08. During
April the receipts fell off 81 228, 04 As, or more
than double the decrease for the entire ten
months. Since the first instant the sales Of
stamps have largely increased, and there Is
every prospect that the receipts Of the next
two months will put q large balance to the
Tff ha nfyx,ifh afn mr.
the reduction Of the tax on some Of the lead
ing articles.
According to the Philadelphia Times the
anticipated adoption of the new constitution
In California has almost paralyzed trade.
Manufacturers there and to the eastward are
not shipping any goods to California, and
will not send any more until the result Of the
vote on the seventh Of May Is known. ALI
Industries tn that State are affected by this
condition of affairs. The mining interests
consider themselves threatened, and 1t is
stated that they have countermanded all re-
cent orders for new stores and supplies.
This Is a serious loss to Eastern manufactur-
ers since the mining companies have been In
the habit Of purchasing largely from them.
Flood, Mackay and Fair, the bonanza men,
buy yearly more than three quarters of
million dollars worth of goods of Eastern
manufacturers, and they report that they
have stopped buying for the present.
Advertisements appear In the Paris papers
soliciting subscriptions to the stock Of the
French Paris and New York Telegraph Com
pany," which proposes to lay two lines across
the Atlantic, one from Brest to the French
Island Of St. Pierre, on the coast Of New
foundland, and thence to Cape Cod, and the
other from Lands End, England, to the
Sicily Islands, thence to st. Pierre and thence
to Torbay, Nova Scotia. The capital Of the
company is to be 100000 francs. Among
the directors announced are Gen. z. G. Deas
and =. J. De Brugiere, Of New York. The
prospectus states that the well-known Eng
ilsh house of Siemens Brothers have UNDER
taken the work Of manufacturing and laying
Inc cable and Of building steamer specially
adapted for keeping the lines In repair. The
receipts OF the company when its lines are 10
operation are estimated at 40 per cent OF
tnose OF the Anglo-American Company, or
$4,000 francs per annum.
ID Mr. Conkling's recent speech In the
United States Senate he had the effrontery to
say that, because New York city paid more
than onehaIf of the duties on imports into
eals country, therefore the State Of New York