The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-10-24

a. meat n This nractice ID not In accord
anee with sound business principles, but inc
hanks never feel called upon to Interfere or
nrotaat I'm Paris, however, tho question y
looked at from wholly different standpoint.
an1 public opinion has brought about the
enartment of II law which DEGREES that. IN
order To make q check or draft valid. the
drawer must ut the time of its making have
Ia Hi credit III tho possession " the d,aWan
n sum sufficient To pay II. The law received
n forc'hIe Illustration II case that haa lnst
been decided by the Paris Tribunal OF Com
mcrcs where the holder of draft the maker
of which had abscnndnd. was not permitted t.
share In the insufficient balance which tho
bank had on hand NJ the timo the draft held
| by him was drawn,
A COOP SHOWING The record Of clearing
house transactions continues toahow grow
Ing volume of trade as well 40 al advance m
prices The record for October j. az published
| BY The Public. shows all increase ni ~ per
cent In nineteen cities over tho corresponding
week last year. Tho gain ~ New York was
74s per cent Il largo portion OF which was
duo to speculation Ill stocks. Tho Public es-
timatea The incrcaaa due To othar business at
nearly 36 per cont. The gain outside q New
York was 10 per cnnt But excluding san Fran
oIsco where there was loss vi ~, per cent tine
gain outside If Now York was neatly RO7 per
cent The heavy falling-oT IN san Franc'sco
was doubtless due u. great part to tho effect
Of tho anticipated Legislation under tho new
constitution upon tho business Of dealing IN
mining stocks. The galn IN Chicago was $50
|
| tho average gain exclusive OF
New York and San Francisco. Tho largest
gain was TG,4 por cent, IN New Orleans. this
Is an extraordinary gain, notwithstanding the
fact TINT business Wns unusually depressed
Ill October last year. Tho manufacturing
cities do not mako 50 good q showing a. the
commercial cities. Pi'tshnrk gains only a
per cont ana Providence less than per cont.
| while Lowell loses snven-tnnths Ut | per cent.
4 But for NIL that, III il u Mallknown TACT that
the manufactures Of this country are now
more furnishing than they have been ut any
| previous timr since tbs collapse ut 1874. Tho
gains In exchanges Hre largely duo. no doubt,
to m advance IN prices; but there is reason
to relieve that they IRE mainly duo to in
crease I'll business.
"A YEAR OF IMMIGIsATloN.-O the 100000
immigrants who have found d home In the
United States during the last thirty yearp,
6,00oAoo landed IN Now York. This proper
tion OF three-quarters Of tbs whole Ii favor ~
Now York has Of lato years been largely aug
mented immigration attalns it, fullest vol
ume In the spring. For instance, this year,
though January and February brought over
nearly the same number or immigrants.
1906 aud 1858, there was mn Increase Of a.
most 100 per cent la March. and another
augmentation again, OF not quite 100 per
cent In April. when 1t was 14,2aS. May
was the largest month Of immigration yet
recorded for 1879, when 1t was 22,O4a. In
June the number diminished and was 1906;
III July 1T was l6. 26J, TO increase u thousand
In August. until last month IL exact figures
for New York were 81 755. making n total for
the nine months. up to the first Ut October, OF
l26ia9 persons. This month tho indications
are that the total Of immigrants will be very
nearly as large as in May, somewhese In the
| ncighborhood of $4,000. Tho New York Times
| thinks II Ia quito possible that during the
| coming months of November and December
immigration Will diminish, but with such
4
gathered from the secretary Of the board
Of commissioners Of emigration and
| from the steamship companies. fully
| 10000 moro people may be expected before
New Years. The total Immigration, then,
for 1879 will be very nearly 10000 persons.
| This mighty influx will compare closely with
| the Immigration vi the year 1863 though
I'm, 900 less than that during the most memo
rahle year Of 1872, when 294.5S1 foreign per-
sons landed III New York. there having been d
single day Of 5000. Last year 1873 may be
called the commencement of the turn In I'm
migration. After 1872, the influx Of foreign
ers had declined. year after year, until III 1877
| the minimum of o. $50 had been reached. In
1878 the first jump was taken, al increase Of
over 10000,
! AS to division Of nationality, during the last
| nine months tho Germans stand first Ills to
numbers, being "a, 2ls; the Irish next, 16, G5S !,
the English are "A, 2l3, Swedes, 99i7: Scotch.
| 1900; Norwegians, Ass; Swiss, 37u3, Welsh,
| 1856, and French, 1864. Russia presents u
| fair number Of Immigrants this year. having
sent US SO far 2t3s. II immigration is some
what capricious III Its movements, 1t seems to
incline To very gradual approximations but
with sharper declines. Between 1863 and
1870, from 49,. s44 to 2oi G39, the increase was
/ 1Sa, 1885, but from this maximum 1t fell III 1877
period Of only six years, to something not
much over 700.
| Hoes. by request we publish tho follow
ing circular, issued by Mr.. Henry Memory,
provision merchant and foreign shipper, OF
Chicago, for the benefit OF his European cor
respondents:
The Commissioner Of Agriculture reported
that the number Of hogs In the United States
on the first Of January, 1879, WAS two and
one-half millions greater than the year pre-
vious, while the Strengthening up to October
shows but slight increase over the same
months Of 1873, which, with the probable in
crease since January, will leave tor the winter
packing season two to three millions or hogs
more than last year, and on account of the
Il anormouS proiurtiOn of corn. it la to be pre-