The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-04-23
Commercial and Financial Matters.

commercial and Financial Matters.
. rico mill ID to be established at Jackson
.,,lla Fla. There are produced now In Florida
about 100000 pounds Of rice annually
The sumpter Fla) Adeanee says that the
orange crop will be twice az large this year
AZ Ii was last.
Tho daily consumption OF milk In New
York city and IFS suburbs approaches 400, 900
rnarts, and at least $25,Oo0O00 are invested
~ farmers Id That Industry alone.
There are Mt present sixteen Incorporated
companies digging and mining phosphates In
fhe streams and waters Of South Carolina;
some have exclusive and other general rights,
and representing an aggregate capital of
about $l,000,o0o.
Tho president Of the Cotton Exchange has
been authorized to appoint committee OF
three members to attend the labor oonven-
tion to be held at vicksburg on the fifth Of
May. lie IL also authorized by the Exchange
III subscribe TO the fund Of the Sanitary Aux
Hilary Commission.
There was another tumble in State securt-
Ties yesterday. State Cunsols opened at 49,,
and closed easy at 4sC14sts, against 4aasG4p'4
on Monday. Premium Bonds closed steady
mt 2sd2Gt5, against 26t 4dl2G9s on the previous
day. The sales at the Exchange aggregated
ADJ. 800 of States and $4,000 VI Premiums.
The shreveport Times of Saturday last
saws. 'Tbe reports from the river planta-
tions. above and below, are highly gratifying.
The late rain was pretty general and proved
of incalcuabe advantage. The hail storm
Injured only few places and those In the Inn
mediate vicinity of the city"
Portable gas Il cold and delivered In Eng
land like milk. People In the country and
villages receive their gas in copper vessels
from the city, and the German railroads are
lighted In d similar manner. Tha method
derives much of Its popularity from the fact
that it dispenses with the erratlc and de-
PRAYED meter.
DR. Phillips. a London physician, who was
iii lucrative practice III the West End, has re-
covered verdict OF $4,000 against the
Southwestern Railroad Company for injuries
Ii his spine received In a collision in Decem-
ber. 1sTT. He will never be able to resume his
practice as partial paralysis is coming on.
For three years previous to the accident his
professional income averaged $32,50o year.
The greatest activity prevails in carrying
out the preliminary measures for the con-
struction of the submarine tunnel between
Calais and Dover. No less than 1911 sound
inga have been taken, which have brought up
1907 specimens of different geological forma-
tions. The tunnel, which is to be twenty-five
and three quarter miles long, will be dug
through stratum oi gray chalk.
About sixty of the choicest paintings OF
the private collection of Mr. w. II. Harrison,
of New York. we're sold In that city Thurs
day evening. realizing $n6a5. The highest
price Of the sale was 5000. for landscape by
Jacob Ruysdale, which cost 1880. A land
seape by Corot, which would not have COW
cred q mans two hands, brought $3.50. Roth
ermell's Little Beggar Girl u plaintiff face
and a ragged dresR-drew out but few bids,
and those below $50, until it was remem-
bered that his Battle OF Gettysburg" brought
S25,o0o: then there was a bold jump to $145
at which the picture was sold
The hard times of the last few years have
some lessons Of economy. but they still have
much TO learn. The economy OF laying down
steel rails instead of especially such
+ iron rails as have been made of late years-is
now very generally recognized by railroad
v managers. and on most roads having any
7 considerable traffic steel has been, O.. Is rap
idly being, substituted for iron. Iron and
steel are also destined to enter largely into
other uses than road beds. IT has been
of tubular iron, while weighing much less,
will carry a heavier load than wooden cars Of
the same size. and SO far as they have been
tried, promise to be run much cheaper and to
wear much longer. The cost is, of course,
somewhat greater than that of wooden cars.
but there liz a great saving OF dead weight to
he hauled a saving III the number Of cars re-
quired to do the same volume Of business, a
/. saving in the wear of engines and rails. a
sure saving Ia repairs, and probable saving
In renewals Of cars.
III the New York World of the nineteenth
instant there are several columns containing
general review OF the business affairs of the
country, from which We take the following:
Yale 4 Bowling, Of New Orleans, have a
representative at No. Sc Worth street who re-
ports: "The situation In Louisiana Is very
hopeful, and business this spring has been
better than for the past eight years; and this,
too, notwithstanding the quarantine OF two
months to which we were subjected last fall,
which OF course hurt us very much. ] have
no reason, however, TO fear for the future and
all the departments of business within our ex-
perience at the South are in a healthier con-