The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-08-19

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usual result. One Of them went suddenly +
the bottom, but fortunately not until the PEG
Die On board made their escape 1t woult
seem that the construction OF ships that vii
keep afoat In spite Of the crushing of holes
IN q portion Of their skin should be within the
possibilities Of modern ship-building science
in the report u Mr. Maynard, the able man.
ager 81 the Clearing House, concerning the
money exchanges Of the associated banks for
| the past week, published in our Sundays IS
sue the printer misunderstood a note attached
to the report Opposite to illegal tenders
Mr.. Maynard remarked s'nO change" This
was interpreted to mean that the decrease il,
the resources Of the banks was the same as
at the end Of the previous week, viz: $4,000,
when the manager intended to state that the
amount OF legal tenders held by the bank had
undergone no change since the previous
week. =.Mm=
All accounts agree that the cotton crop this
year will correspond With the enormous crop
81 wheat just harvested In the Northern and
Western States. This will make business
boom all along the line, and the whole coun-
try will feel the impetus. The report 81 the
executive committee Of the National Cotton
Exchange, Just published, says that during
the last five years cotton culture In the United
States has outstripped the most sanguine ex-
Dectations, that the problem of free labor has
been virtually solved, and that the South
must be regarded as the future reliance ~
the cotton manufacturers OF both America
and Europe
The American consul at the great English
manufacturing town Of Manchester reports
dismal outlook for the people there. The de-
preston of business is increasing, and the
coming winter is expected to be worse than
the last, when more than 10000 persons were
dependent upon charity. The helples8ne8a
which waits for q repetition of such calami-
tous circumstances has something Of GRIM
inality In it. Nothing could be worse for the
lahoring people themselves than to let pau
perisrn thus become 80 general as to obiIter
ate the repugnance with which that state Is
generally regarded It would certainly be
cheaper for the city authorities 81 pay for the
transportation Of their work people u some
country where their labor will purchase food,
than to maintain them another year in
breed vice.
Last year the French government made q
large reduction LII postal rates and telegraphic
charges. Al inquiry was made IN the French
Chamber as to how the reduction had affected
the revenues. In reply to III. Haentjene, the
Minister Of Posts and Telegraphs stated that
the reforms introduced into the postal services |
had been expected to result In deficit of H.
100000 francs fori the first year. 100000
francs for the second. and 6,gOJ,O01 for the
third In the revenue derived from these ger
vices. similar calculation had been made |
Ia the ease Of the telegrapAic service, and @ |
loss Of 100000 francs had been expected. |
The change in the telegraph tariff to q pro- |
word system had produced an increase Of 81 |
per cent in the number OF kilograms sent. Al
regarded the financial result Of the postal re- I
'orm, the deficiency of yield had been only |
100000 francs instead Of 100000 francs.
The Chicago Tribune announces q second /
advance in Eastern-bound freights By com
1ination Of the trunk Ilnes, 10 take place on
he twenty-ffth instant. On the fourth In |
slant the rate III grain from Chicago to New
York vas raised from % to . cents per hun
ired pounds, and to other Atlantic cities In /
and now, after lapse Of only q |
ew days, another 5 cents advance is added F
The commercial reporter Of the Tribune thus 7
speaks OF the effect on the producer Of those
advances in the cost Of transportation;
Liverpool quotations On wheat and corn
have recently advanced about 10 cents per
1ushel, while prices here have declined. The
reason Is that the trans Dortat0n companies
= q - - nT oil -four
weeks ago wheat could be shipped to Liver
Jo0Efnr 30 cents per 100 pounds; now the cost
s fully 30 cents, the cheapest way tt can be
lone, and there j. talk Of further advance.
t Is a pity that the producer cannot obtain a
mall share Of the Increase in prices paid by
he consumer.
The Washington Post Of the sixteenth in
slant says:
The special agents sent by the Treasury
Department to Cuba to examine into the man
factory Of centrifugal sugar" have made a
ul report Of their Investigations to the
treasury Department., which Secretary Sher-
aan says he Will not make public at present
ut having read it himself. The report is
ong and interesting, and embraces an account
t the manufacture OF sugars in Demarara as
yell as Cuba and the "crookedness' dis
1ayed By the manufacturers in eyading the
tl5tons regulations Of the United States
reasury. 1t appears from the report that
le Dutcl cOIOF tests can De no longer de-
ended upon, and it is recommended that the
apartment modify its present regulations, so
S to make the strength Of the sugar the stan
ard instead Of the color. The treasury will
dept the recon mendation, and the customs ,
ranch Of the Secretary's office Is now pre-
airing circular to that effect, which will re-
eve the signature OF Secretary Sherman as
Don as he reads the report.
The Cincinnati Price Current, OF last Thurs
az, says:
There is not much change to note for the
asst week in packing operations at the West,
le total number Of hogs packed at the sew )
al points being about 10000 head, against
1000 the preceding week, and -, 300 during :
Ia corresponding time last year; the total
nee March l now reaching 2,37O. 0G0, against {
225, 900 last year, an increase Of $4,000. The
aality OF hogs now being marketed continues :
3neialiy good. Prices Of hogs have been well +
aIntained III most OF the markets. At cur T
mt values farmers dc NOT seem inclined t0