The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-01-30
commercial and Financial Matters.

r,ommercial and Financial Matters
rive vessels cleared yesterday with eargoe
If cytton aggregatiDg 1889 bales.
The shipment to Europe yesterday iron
tbls port Of oil cake footed up 1858 sacks.
three ships cleared yesterday for Ney
York with 1874 hogsheads and 4575 half bar
rels III sugar.
American coal undersells that of Frame
and Germany In some parts Of Europe
Notably In Switzerland. This looks like an
.Aher American market.
American beef, butter, cheese and uthe
produpts are imported into Buenos Ayre
rom England We have no line OF steamer
10 that port. There are eleven lines RUNNING
regularly between the Argentine Republic
md European ports.
State Consols opened yesterday at 63t
and closed steady at 63t4 @G3le, against 657
@65t, on Tuesday. Premium Bonds coset
easy at 2s11s@2s1I4, against 2sl4N2sls On The
1 tlCNtVaS uhys AO SthfcS ut GItS 9bpGh Ella
change amounted to 100000 OF State Con
sols and $4,000 Of Premium Bonds.
The Coptroller Of the Currency has cal led
Tor report Of the condition Of the national
banks at the close Of business January 1,
1879. The report Is called for that date for
The purpose of obtaining as nearly as possi-
BE the condition of the banks on the day Of
the resumption Of specie payments.
There was an unusually large cargo OF salt
arrived here yesterday. consigned TO Messrs.
Jackson a Fitzpatrick. The ship Glen
anart, from Liverpool, brought cargo Of
leo5 tons OF salt, amounting to 1850 sacks,
one of the largest, II not the largest cargo Of
salt ever received at this port.
In New York, on Saturday, three steamers
81 the Unicorn line were loading for Europe
ii the wharves OF the New York Central Rail-
road-one for Hamburg, one for Liverpool
md one for London. These vessels will carry
between GoOO and 1000 tons Of miscellaneous
freight.
Statistics are constantly disclosing some
thing interesting. This time 1t IL table On
tliG HUI bhNb1 VI bift uttSttHh GVuubfIHS VI
Europe, showing the yearly proportion Of
deaths In every thousand Of inhabitants. It
was compiled by q Russian, who makes Nor
Hey and Sweden the healthiest countries on
HE continent, their death rate being 1s2
Next is Denmark, 1885, then Great Britain.
M8; Belgium, 237; Switzerland, 2gs: France,
ss. Germany, 27.8; Italy, sos: Spain, 305.
Austria, 913; Wirtemburg, 3t.7, Bavaria, SIT;
Hungary s72: Russia, s7.5. In the city of
New York the rate for last year was 1928.
Hon Judah p. Benjamin. according to q
London correspondent, occupies an elegant
Euit Of law chambers, and has a practice
which yields him $4,000 annually. for which
ieasen he would decline q iudgeshlp, which
only pays $4,000. Mr.. Benjamin Is repre-
sented as saying that he could easily secure
aaeat In the House Of Commons several con-
sdtuencies having given him very Hattering
Invitations to represent them, but he has no
desire TO 60 into Parliament for the same
reason that he would decline judgeship 1t
Involves too many sacrifices Mr.. Benjamin
has house in Paris, and always spends his
summer vacations there.
The Providence tRhode Island) journal re-
cords very noticeable Improvement in the
business situation at Fall River. The feeling
among manufacturers is characterized as
mot only hopeful, In view of better prospects,
but by present substantial gains. That this
bsomething besides mere rhetoric ID plain |
when the writer adds: :" We do not hear Of one
q the new mills that has made less than
soooo for the past quarter, and most of them
we made very much more. The profits Of
the smaller mills for the quarter range from
3ao00 to $40. 900. and there Is not mill In the
NV that Is not better off at the end of the
quarter than 1t was at the beginning" Con-
Rasted with the dismal outlook Of this time
- year, this liz certainly very encouraging |
Hshows quicker progress back to prosper
- hines, all things considered, than even
We most sanguine could look for.
Inc amount OF per cents authorized by
NC act of 1870 is 81 .0oO, 100000. The amount
pld up to date Is $33T. 100000. SO that there
now remains to be sold but $663.ooo. 900 OF 4
pr cents which is not enough to refund all
We b2os, 1o-4Os and 60 OF 1881. Legislation
nll be needed to authorize the issue of more
per cents. The per cents of 1881 cannot be
noeemed, excepting SIS, 415.O0o on December
u next, before 1881. when 1914, 921 $50 of them
~ due. The only way Of reaching these 6
cents before 1881 would be by purchase In
open market. After the Gs OF 1881 come !
5s OF 1881. amounting to $5os 44o, $50 The
lowing is summary Of the bill now before
President for his signature. passed BY both
uses OF Congress to facilitate the refund
gof the debt: h
authorizes the Secretary OF the Treasury.
NE process OF refundlng the mai ipnal debt ,
Exchange directly at par the bonds Of The I
lted States bearing four per cent intarest 4
the bonds commonly known az fya- A
niles outstanding and uncaled, and directs
whenever all such tive-twentv honda J
" be redeemed the provision of this sec. ]
and all existing provisions Of law author 4
the refunding OF tho national debt. shaIl
ply to any bonds bearing five per cent r. ] =
her rate of interest that may be redeem +
In any exchange made under the nro- n
lOns Of this section interest may be allayved
she bonds redeemed for period OF three 9
nths y ''Aos
q applies to the outstanding bonds. as fol- 1 1
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