The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-06-05

ately active The arrivals were fair and the
market evtncad signs OF an easy tendency,
with but little disposition on the part OF
buyers to operate.
The movements Id the flour trade were re-
stricted yesterday. Buyers seemed disposed
to bear the market, and declined to operate
except In q very small way. On the other
side of the deal, however sellers manifested
no inclination to lessen their pretenstons, and
withlwheat advancing inithe West they regard
the position Of the market as being strongly
In their favor. Sales $50 barrels.
Provisions claimed fair attention. There
were some heavy transactions In bacon at full
prices; but 1t was In the iobbing and order
trade where the movements we're most en-
couraging, all dealers reporting an active de-
mand for pork, bacon and cut meats gem
orally.
The price for silver bullion at the New Or
leans Mint continues to advance and Is now
81 15ls per ounce for fine In lots OF 10000
ounces and less.
There was marked decline yesterday In
State Consols, those securities closing easier
at 41asdl41s4, against 4311sD434 on Tuesday.
Premium Bonds ruled steady at 25ssd1251s,
the same as on the previous day. The sales
at the Exchange footed Up s117,5o OF States
and $4,000 Of Premiums.
The amount 81 United States currency out
standing is as follows: Legal tender notes,
S346, 631 DIG; one and two-year notes, S87, 3s5
old demand notes, SCI, $50; fractional curren-
ey. s15,874,78t Al, and compound interest
notes, s261 geo; total, $3e2,eGe322 45. The
amount OF national bank circulation outstand-
Ing Is s32s,O72,s11 In currency and 1,4e6, 600
gold notes; total $500, 539,4t
The refusal Of tho Ways and Means Commit
tee last week to consider the question OF repeal
Ing the tax on quinine, was q gross Injustice
to the South and West, which are enormously
taxed to support and enrich two Or three
manufacturers, one of whom died recently In
Philadelphia, leaving fortune OF s20,000.000,
made out OF the extortions Of his firm from
the sufferers In malarial districts.
The st. Louis Republican proudly says:
".rrade has not been all that could be wished
during the past five months, but i June Is
up to the mark so far maintained, the record
of st. Louis during the first half Of 1879 will
be better than that Of any other city, big or
little. In the United States. There Is no
other city whose bank clearings show such
an extraordinary increase In comparison
with 1878. and the six months record prom
ises tobe one we may be proud OF.
The production vf gold and silver will not
this year, In the opinion Of the Director Of
the Mint, exceed $G5,00o,0oo, against s95,o0O,-
900 during last year. The loss Is about equal
ly divided between the two metals; but the
decrease In silver Is met by an increased de-
mand from Russia and Spain. The subsidiary
coinage Of Germany is to be increased. The
result ID. the price of silver Is rapidly adj
vancIng: and bullion dealers In San Francis
TO are unwilling to sell at present quotations.
Here In New Orleans the price offered for
bullion by the Mint has been advancing for
several days past.
4------~----4-~-~ss~---
The San Francisco papers are complaining
about the scarcity Of silver five-cent pieces
In that city, which IL explained by the fact
that the street railroad companies have re-
ceived them az fares and refuse to part with
them unless they receive gold In exchange.
One company has, 1t ID said, $4,000 on hand In
five-cent pieces, and other companies are
similarly supplied. As consequences Of this
scarcity, the five-cent nickel Is being extern
sively used, particularly III beer saloons and
corner groceries. Heretofore the fastidious
citizens OF Frisco set their faces like flint
against the circulation Of the nickel-wouId
not soil their hands with base metal. It seems
thnv ia va hnnn driven tn If. at last
A decision has been recently rendered In q
case tried In Wisconsin which acknowledges
the legality Of transactions In places known
as bucket shops, where stocks are dealt In on
small margins. The suit was brought by q
party In connection with deal In Western
Union stock, which went against him to the
extent of seventy dollars. The case was de-
cided In favor OF the defendants. The judge
held that the business was conducted, accord
ing to the testimony, on the same principle
and in the same way as transactions In wheat
and other articles at the Chamber of Com
neree, and In stocks at the Offices of brokers,
when there IL no intention OF delivery being
made and the dealings are settled by the pay
ment Of differences one way or the other.
Capt. ERds has written letter to the New
York Tribune informing that paper that no
dredge boat has been used at the South Pass
ietties during the past ten months, all reports
to the contrary Notwithstanding. The Cap
tain says: 1.-THE latest official report Of the
channel through the ietties, made by Capt. M.
Z. Brown, United States engineer, stated that
d practicable channel, having q least depth of
twenty-six feet, existed through the bar at
The mouth Of the pass at average food
hides, and that the least depth on the
bar at the head Of South Pass at low water
was twenty five and one-teEth feet. The sur
veg at the mouth of the pass was made on the
thirteenth and the one at the head of the
pasg on the third of the month OF May"
The Chicago Times gives the particulars OF
The most remarkable case which has come be-
sore the courts Of that city for years. It was
that CT a man who had been for several years
No.