The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-04-12
commercial and Financial Matters.

Cnmmercial and Financial Matters.
yesterday being Good Friday the banks,
Lahanpas. insurance offices and public instl-
..,,,ons generally were closed and business
s,,,ost entirely suspended
mao Consul General Of the United States at
-ndon communicates some interesting facts
n tha Department Of State relative to the In
eroased consumption Of Indian corn In that
o,tv. It is used mainly as food for horses.
r,or hard worked horses corn is coming to he
Considered the best food A market for sew
orol hundred millions Of bushels of one OF our
most abundant Of products may, with proper
srertions, be successfully cultivated In Great
Britain. -
The New York Commercial Bulletin states
that the steamers which cleared from that
mort on last Saturday for ports In Europe
carried out the largest aggregate quantity Of
breadstuffs, provisions and general mer-
chandise that have been sent abroad on any
one day for long time past. There were In
Ell seven steamers sailed, two OF them being
destined for Liverpool, and one each Tor the
ports Of London, Glasgow, Bristol, Rottef-
dam and Bremen The cargoes In every IN
stance were full and diversified, and 80 much
freight was offered that some had 20 lie over
until this week,
IT la announced In dispatches from London
that the required capital for the new French
Atlantic cable. 42.O00.ooO francs, has been sub
n scribed and fourth Of the sum actuallypaid IN.
The addition of facilities for telegraphic com
m,,nIcation with the Old World ID needed for
effect in reducing prices to reasonable rates,
II not for the actual accommodation OF In
creased business. With the knowledge OF
submarine biography, the durability OF
cables etc, acquired by experience, 1t should
be possible now to bring that means OF cor
respondence into active competition with the
mails for all important business. As every
new cable that is laid should, and probably
will. bring material advance toward that
condition, the business public have reason to
he Interested In the success OF the French
company just organized.
For several years. since the financial crises
which came upon the country with the Jay
Cooke failure, emigration to this country had
perlty 1t increases again. According to the
report OF the Bureau of Statistics the number
Of emigrants landed at the port OF New York
for the quarter ending March 81 WAS IL, Ia,
exclusive of passengers not classed as emf
grants. For the same period last year the
number was only 1856. For the whole year
ending march 81 there had arrived $3.50
whereas the year previous there were but
G7,s1s. This emigration is very far below
what II was In what was called the flush
times when the number swelled up to 100000
a year or more; still, there Is a continuous
and steady increase 1t is a curious fact. too
that both the decline and increase correspond
with the depressed and improved condition d
the country,
The New York Commercial and Financial
Chronicle, In an article on the change ol
opinion In Europe In favor Of the demonetiza-
tion of silver. says: .=.a =-...z.M.=.-.. ..
It Is not necessary for us to explain the
manner lii which Great Britain. and tn fact
all Of Europe, is suffering from this, single
cause decentralization of silver.l England is
the greatest sufferer, being the largest pro
Queer, trader and creditor. She shares In the
depreciations OF every country where her In
dustries penetrate, and, most OF ALL In those
markets are being closed to her, and, as a
consequence thousands upon thousands
of her laborers. are out OF employ,
while very much OF her machinery, a
short time since SO active, is lying idle. We
can see, therefore. how urgent and forcble the
appeal has become which the Manchester
spinner and the Liverpool merchant are to-
day urging upon the attention Of the govern
ment Progress in France Is also very inti-
mately connected with speedy solution D
this question. Some French speakers ano
swriters are advocating single standard, but
they arG mainly influenced by q supposed
necessity which has overtaken the world IL
these latter days to disuse one Of these
metals, and by the hope Of being able to ge
rid Of their silver through the action OF the
United States. So long, however. az France
has 5000 900 Of silver In circulation (th'
latest estimate. of one ct her economistsl sh'
must Ii we do not extend to her the hope OF {
market, continue anxious to follow the lead o
Great Britain In establishing with the Unitee
States an international ratio.
Capt. j. Il. Price. Of vt Louis, is still work
ing at Washington to get up his fast NAL
route on the Mississippi river from ST
Louis to New Orleans His first move was tt
get up monster petition. signed by some
$4,000 citizens living along the Mississippi
which has been received at the Postoffice De
partment and is, by the way, the longest pc
tition ever placed on file In that department
The petitions are on sheets about twenty by
twenty -eight inches In size, each sheet having
a double column for names, and upoI
the side n map of the Mississippi rive
from st. Louis to New Orleans Thes,
petitions were filed In handsome style in
bound volume. and inscribed: Memorial IL
the interest Of commerce. to the President O
the United States, the Senate and House o
Representatives, signed by the citizens 81
the Mississippi valley. praying for rapiC
transit daily river mail between ST. Louis
and New Orleans" Upon being presente,
to President Hayes he referred 1t to The
Postmaster General, who strongly indorsec
1t. From the Washington correspondence 9
the Cincinnati Commercial we take the fol
lowing relating to Capt Prices scheme: