The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-07-20

Flour was moderately active ana Hfner
prices were fairly sustained. Sales 1880 bar
rels.
Provisions, In the trade yesterday, con-
Anued To decline. The jobbing demand was
active and d few round sales4were made 81
pork, bacon and dry salt meats ct sharply re-
duced rates. Values were q little better de-
lined than on the previous day, but the feel
Ing was weak at the close.
OF tobacco and cigars from Cuba the total
exports are $4,000, 900: to the United States
S6,5oo,ooo, or so per cent.
The stock Of lard In New York is reported
mt ,755 tiercea against 143,391 tierces
mont ago, and 67,s15 terces year ago.
Large numbers Of mill operatives are emil
grating to America from Lancashire In con-
sequence OF the long-continued depression
there.
State Consols were quite active yesterday,
and sales Of S157 900 were effected. They closed
firm at AZ da44h Il, against 43a4 @44 on Friday.
Premium Bonds were dull. closing at 2Ga8@
49,, the same as the quotations Of the pre-
Fiuus day. Sales $4,000.
The American passion for invention shows
no sign of decay, but, on the contrary, more
than keeps pace with the growth OF the coun-
try The applications for patents now num-
her over twenty thousand year. OF which
about two-thirds are granted. against only
ak or seven Thousand applications twenty
years ago.
Indiana and Ohio show condition Of extra
ordinary prosperity among the farmers
Their crops Of wheat are the largest known
for years, and the good price offered for the
product has induced q volume Of shipments
which strain the utmost carrying capacity of
the railroads.
The number of wheat-laden vessels passing
the Dardanelles from June Id to June 26 was
100. OF these only two were destined for the
United Kingdom, while the astonishing large
number Of filty-one were destined for Mar
HeIlles, thirteen for Italy, and tWentv-one for
the Adriatlc and Mediterranean. We note
nine for MALTA, three for Gibraltar, two for
Belgium, two for Holland, three for Spain
and one for Italy.
Georgia's Treasurer seizes the occasion Of
his annual report to indulge In some quite
iustflable boasts over the excellent financial
condition Of the State. A million dollars OF 4
per cent State bonds for refunding purposes
were recently marketed ut a total expense Of
only about 5000; the public debt Is only
One-twenty-sixth Of the valuation, and under
the new constitution cannot be increased, but
must be steadily diminished, and al branches
of industry are prospecting.
Although Alaska has thus far proven any
thing but rich speculation it liz now report
ed that there have been discovered along its
coast for distance Of 600 miles, an almost
continuous series Of banks like unto those of
Newfoundland, wbereon the cod and halbut
have disported, increased and multiplied from
the earliest ages. These fish, 1t Is said. have
now become SO numerous that they are only
waiting for the hook to thin out the crowded
family.
Russia has many and varied troubles 1t
Is estimated that the cattle plague will inilict
loss OF s24,0 00,0 900 upon the empire this year,
and millions of bushels of wheat are being
destroyed annually by small beetle. for
whose destruetiveness no sufficient check has
yet been found. AS an inducement to the
people to destroy the insect, a reward was
offered for every quart OF them that were
brought In, dead or alive: but SO, 100000 has
been expended In this way without effect.
"A San Francisco letter In the Chicago Times
estimates the product of gold and silver in
the United States for the current year at
SCI, 100000. OF which S32.o0OouO are gold and
S35,n0o,0oo are silver. Putting this with the
figures Of production from 1870 to 1879, in.
elusive we have S3S1,405 In gold and
500 $50 III silver. Yet we have statesmen
American product, and that our government
should discard gold as a foreign metal
The Mississippi Valley Emigration Com
pany have sent an agent to New York to look
into the matter OF securing good white labor
Tor the Southern plantations. The CORE
spondent of the Philadelphia Ledger In that
city says of this venture: las far az can be
ascertained he Is not authorized to offer any
thing Va the way OF Inducements apart from
good wages. 1t is doubtful whether this will
accomplish the end IN view. It does not nc
far enough. A permanent interest In The
land and its products ought somehow to be
guaranteed In order to overcome climatic and
other objections The Argentine Republit
Is acting on the plan Of partitioning the land
and the consequence Is there has been
steady stream OF European emigration t
the farming districts on the River Plate fol
the twelvemonth past, and the movement Il
still In progress
The London Economist. in its semi-annua
review Of the state of trade, says:
Six months Of the twelve have now passed
general character Of business since the com
1nencement OF the year. Money Is. general,
speaking. extremely easy, but this arises
from the absence OF anything like . real In
Qury. The slight demand OF a short time
s,ncs has proved utterly hollow. Money, g
the rates quoted In our city article. show, i
also very abundant, both on the continent and
In l. sS ~lrH1YA ~ ttnr