The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-07-18
THE NEW ORLEANS DEMOCRAT, FRIDAY JULY 18 1879

mill yards, and as the newcomers are KEEP
free from the strikers, the corporations have
found little difficulty In filling, and It Is prob
able that next week quite number Of mills
will DO running full.
/ The Secretary OF the Treasury has ad
dressed a circular order to local inspectors o
/ steam vessels that is very pertinent at thi
time Of the year when SO MANY passenger
are carried by steam vessels. The circular
says that local inspectors are informed tina
It il part OF their duty to ascertain II vessels
are supplied with two copies OF the steamboat
laws, as required by the statutes. They vii
also notify masters that d penalty Of $40 at.
taches to failure to keep the laws on hand
or o refusal to exhibit them upon the reason.
able demand Of any passenger on board.
| The Chicago Tribune, abiding to the de-
| pressing effect on the markets OF that city
of the late Memphis yellow fever scare, says
There was general disposition In provision
| circles 70 regard the recent excitement MS UNI
warranted by the facts In the South. But 1t
was also asked II the sharp decline did not
prove that the market had previously ruled
higher than was justified by the crcum-
stances OF the case. Such big stocks, with .
liberal rlai. supply OF hogs every week, were 9
many feared q tumble, but did not dare to
operate III that direction. "The crowd was
long On stuff. and upheld the market, for
that reason, till the sharp blow came which
rendered them poWerless, when the previous
strength became the greatest element OF
weakness.
The European demand for American fruits
Increases with the supply and proves to be
very generally remunerative. There ID fruit
enough raised in the United States to supply
both our own country and Europe. The first
expectation Of apples was made thirty years
ago. when the apples commanded from Sc to
So barrel In Liverpool. That city now re-
eeives 10000 barrels Of American apples annu-
ally. The value of fruits exported last year
was $2,9s7 o25. The expectation of canned
fruit is rapidly increasing. The supply of
dried fruit has never been equal to the de-
mand. The extraordinary increase In the
production within the last few years has been
met BY still greater consumption. No census
OF this trade has ever been taken. New York
fs the largest fruit-produclng State, and the
bulk Of it is marketed at Buffalo. At Chicago
the trade in dried fruit is very large, as it is
point OF considerable Importance
for the West and Northwest. The secretary of
the Board OF Trade in Chicago in d letter to
the Department OF Agriculture, states that the
receipts OF dried fruits In 1877 were as follows
Dried apples, 10000 barrels, Of 300 pounds
each; dried peaches, $1,000 barrels, Of $50
pounds each; dried bIackbsrrfes, bpUU bttrreis, |
of 200 pounds each. A proportionate amount
u the smaller fruits and berries was received I
bo pnr 4rnH in, ri r.,
the demand being supplied within |
I few years by the increase In canned goods. /
The enormous shrinkage In the value or |
real estate IN the West during the past few
years is strongly illustrated by the fore
closures OF mortgages by insurance compa-
nies-the mortgages being unable to liqui-
date the obligations held against them. We
copy some recapitulatory figures from an ex-
change:
We take first the largest Of the companies,
,he Connecticut Mutual, whose real estate is
set down at more than seven millions and
lalf S7515, 066). Foreclosures have led to the
lcqufsiton Of nearly the whole. Ia Chicago
he property thus acquired Is stated at
,olis, 81 ,04o,s34; in Detroit, s27s,518; in Kan
'as City, $s3,So7. The Itna company has
attained ia the same way what Is appraised
i 81, 800 Ia Illinois, and $67,42f In Indiana.
The Connecticut General seems to have Jared
ather worse In the City OF Washington than
q the West. In the latter region it's real
state, obtained as In the other instances, is
catered through Illinois, Kansas, Michigan
nd Ohio, with Illinois as the principal. The |
continental company has about one-tenth Of
Is assets in real estate, the product Of fore
losures. Illinois appears again in the largest !
Gale, and Kansas is represented by modest
cures. The Phoenix deals In larger figures
together, and its acquisitions BY fore
losures have q wide range. They make
Dtal OF S654,96S OF which Chicago has S173.- !
95. and other parts Of Illinois S9595o; Michi- 1
an, S187 04s; Indiana, S93,657; Wisconsin, s
40 300; Kansas. 81, $50. Even the Travellers,
fe and accident, has not escaped the commond
tie. All its real estate, of the life department,
18th the exception Of the Hartford offices, is !
le result Of foreclosures In Ohio, in Illinois, :
Indiana, Wisconsin and Missouri.
--e%% r
MONETARY.
OFFICE OF NEW ORLEANS DEMOCRAT, I