The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-10-14

Inc prpba lie requirements Uf Europe, bpnth
America Hnd tho West Indies afe calculated
10 am .,,iut to sBB,oon,01o bushels. leaving a
DELI I'D N itA,ooo,0n0 bushels over and ahuve
th y greatest possible expectations from tho
tinted States. Russia. British india, ANS
tsalla, uhili and Canada II II HunpoHea, have
d surplus for export estimated nj bl ODD 600
bushels, thus iaaving an absolute deficit OF
b!,. 900. 900 bushels. which must ba met ny re-
duued consumption These figures. u n to be
PROMISED, are not altogether trustworthy, DO
Ing III n measure ausssa- work. % At thn bret
merely appfaslmatng thu actual results,
hut they are sufIlulpn ly elusn to Tho facts ~
show that there ID Il large deficiency IN tho
wheat etep III tho world and ready market
for every bual,el Which the United States can
spare fpr export.
Conn dotHS+ The United Atatas mints arc
hnsinnlng the rather extensive coinage ~
eagles. half.sagles and dualter eagles IN gold
There Ia little call Tor double4sagles. and most
81 Tho gold III tho hands Or thn tlnitra Htatas
treasurer Ii In that form. Hence tho need Of
more small gold. Il Ia designed IN pay out
these coins til tho payment NJ government
drafts. aud thus to allow gold TO gat Into cir
uuatlon. This Will have ~ be dpnn ~ ti'a
expense 81 amal notes. All national banks
organized nlnae January AFRO denied Tho priv
ilrgn nf lHHnlng any notes under ths dat,n''i-
nation or 49, But there Ia over #ln.hdh,0 900 ~
legal tenders Of tho denomination Of ~ and
Aa outstanding. Wafa the government ~ call
thaHn In and nonoel them. IL would mako
variutn for thu circulation Of standard dollars
aud small gold w corresponding estont.
TIM NEW BUSINESS ERA In tho course Of
mn article with this heading the Nav York
Htnr saya;
Que feature Ia particularly worthy or notice,
"A few years aAn IN was euntnnii occurrence
to Hei! goods on tweles months tiina. FRttlea
without n hundred dollars In pnah purchased
large attrhH aud trusted In n favorable mar.
ket u, nnttle with tliat ntaditnra AL tha end nf
the year. IL proved u dear experiences to
thousands of sellers. aa tho long line of hank
ruptnleH that followed the panic of INA Will
Attest ubedlant tn the more prudent iule
which now prevalla, the average tl.ne has
been reduced tn alstyaiiva days. aud young
merchants who daslra w start ~ buallirss
must learn To accumulate by habits ut fritz
gality and Industry their purchasing capital,
triiatinA nothing tn chance aud resting all
their operations Oh n Hblid foundation This
abridgment Of tha credit ayHtrm ID typical uf
tho new spirit which has infused itself into
cur commercial economy, and which promises
to keep the huHlness interests Ut the country
upon d legitimate hHas for years tp come.
EFFEuIH or SrHulE lMrunTATtoS44=Iha
effects Of the great importation Of specie into
this country arc already vlalhla In the advances
Ut prices aud Increased llnpurtattons. Mar-
ctanta are giving large orders for foreign
n n,
tuips show h rapid rlae III quotations. Tae
advances In manufactured iron has been not
loas than 40 per cent. while other ARTICLES Of
various kinda have shared the same upward
tendency, II ls not unlikely that gold will
begin I'd low out Of tho country before tho
end IL The year, nor need we look upon such
a result m au unmlxed owl. II could not be
expected that wa would ~ nn for y long Pc
riod taking the Htorea of specie from Europe
and It would not ha best for our prosperity 80
be carried 10 fat AZ 10 impovcriah the uouh-
trica with which we trade. To be good ctia-
TONERS for Va, France and England md other
nations must have money u spare The
civilized world. tho trading world has come
To be ono common nnighhorhood. M coun-
try can suffer extreme depression Without In
luroualy affecting all tho rest 10 some extent.
SUMMER PonK -PAcKlNa. -- The following
la the Cincinnati prioo Currents weekly IT,
ylnw fpr the week. ending October 2. 1s7p:
Notwithstanding tho midsummer warmth
of the weather during the past week. there
haa been All Increased business IN packing
operations til the West. both M compared
with the previous week and corresponding
time Last year. Az Chicago there has been
l 40
kanpas CITY there has been d material
ipcraase ia buslnsas The raturne received
show n total Of about 3,t25,nnn hogs now
handled by Western packers ainca March 4,
sss, 600 Gbtoago has overtaken her last
yeara record and will close tho aeason with y
gain Vt. Louis will allow IN increase Or
about 15o,oon for the summer aeason. and
thare will he more or lsas Increase vt Cinein-
NATL Kansas CITY, Detroit. Daa Moinas and
Sabula. white Cleveland will make u gain Of
about 10000 head and Atchiaon will cut about
16N0 0n where no packing waH done last stunt
NOR. ana Omaha haa Killed 1890. against
mono II year ago. milwaukee, will probably
Cedar Rapids will b. considerably short.
In regard 10 the new season there IL nothing
new 10 offer. There Is scarcely any complaint
Of disease from nny section. Corn Ia ripen-
lug up finely. md will ~ IN excellent feeding
order. There IL nothing on which IL decreased
supply OF hogs. compared with Last winter
can safely be calculated upon. There la how
ever, growing feeling in the trade that
prices of hogs will rule higher that last Win
ter, but any material enhancement In value
will likely have the efact to enlarge the mum
her brought into the winter marketing, aud iii
this manner tho hazard to tho packer who
lays In stocks 70 hold at high prices will BE-
Increased. There are some packers, however
who have confidence IN prices being but little.
Ii any, abovelast year.
THE BANK or ENGLAND RESERVE Tho
London Economist. September a.. says: The
amount of the reserve OF the Bank of England
deserves u passing notice this week. III the
largest published sum hitherto on record as
held In that way, being now nearly G2aST5-
hiuher tI,n Hill I'M me I, nsoh !"
probable that the present amount may prove
TO mark the top OF tho tide on this occasion.