The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-09-11
THE ORLEANS DEMOCRAT THURSDAY sEPTE1TB 1879

| stskim" expresses, 1t ID said. the peculiar idea
involved, the Invention being mainly paseu
On the fact that, II vessel can W il't'ue
nv the mere force with whlcn ~
moves IN ride over the waves instead
of driving through them, there ls Pruhd
foc;e raason To believe that mueh hlghef
sneea than ANYTHING vet reachedis attalnable.
A. IA ,5 INA bottom of the vessel Ia made
In consist at n series Of inclined planes Ihts
~ ,,,,aol ex,ert,pnnted with had It's bottom
oomnosed Of two parallel and consecutive In
oluad planes, or the vessel may be descflhed
ne made III Of two wedges, Tho thick ends
~ which are placed abaft the thin ends.
According to this mode OF construction,
there Il III the centre Of the vessel q ridge,
where the thin ends Of the sternmost wedge
ab,ts against the thick end Of the foremost
ANY floating body thus shaped must, when
driven roreiblv through the water, tend to
rise. and II the speed Is high enough 1t will
rise on the surface Instead Of driving through
the water. In the experiments made the pro-
polling power was a slx-ounce rocket. In one
trial the model ran distance Of 100 yards in
tb,ee seconds. LII another trial IL ran 4s0 feet
rppled by strong breeze, but In spite Of this
the deck was found To be dry.
There are persons who think that England
has been largely drained of gold The fact Is
she has continually gained gold, and has now
a larger amount than there is any use for
For England has no large circulation Of pa
uer money to create standing fear that the
lrtrf fnpf tam.
House returns show that In the year ending
June 80 we exported five millions more gold
than we imported. The British trade returns
show that Id 1878 Great Britain exported to
the United States gold and silver to the
amount OF sp5350o0. and imported from the
same to the amount Of 81, 100000. During
the last three years England has gained In
specie from the United States nearly S350O0,-
600. Gold is now coming from England. but
che can stand any sum that Is likely to come.
She will not lose gold to any alarming extent,
nor should we desireit for that would create
q panic, and we have found that calamity to
one commercial country ID diffused through
all.
The government of Holland has recently
made an interesting report upon It's exports OF
dairy products. In 1873 the exports Of cheese
were &c. 365 600 pounds, and 6G,G27, 400 pounds
the year before; OF which Il ,s429 900 pounds
went to France, 3.445, 800 pounds to Prussia.
81 1851 ,soopounds to England. 70, 5a5s 300 pounds
to Belgium, 81. 600 pounds to Russia. 3.s5s.00o
pounds to Hamburg and 100000 pounds to
all other countries. England is Hollands
largest customer for her surplus cheese. and
the same is true In larger proportion, IA
applied to its butter. The total exports of the
latter for the year were 57.S77 900 pounds.
against 81 100000 pounds the year before: and
Of this quantity 1884 900 pounds went to
England. But II seems that not over half OF
this was genuine butter. More than half was
artificial butter. known ma bosch, but passed
by the boaItis Of trade Of both countries re-
CARELESS of law, as butter. The London Gro
cer says that out Of 10000 packages of conti-
mental butter lately received ia England no
less than 1G. 900 were artificial.
The petroleum trade has cut into other oil
interests In an alarming manner. The whale
fisheries especially feel the inroads that have
been made. Petroleum is now used instead of
whale oil for various purposes, on account Of
its cheapness. This is seen In the large deci-
nation Ill the whale fleet. Despite the re-
duced number of vessels engaged In this ser
vice. 1t is claimed that there is little profit i'm
the enterprise, and the question is seriously
agitated OF abandoning the business. There
are now several vassels at New Bedford whose
owners are awaiting returns from the Arctic
fleet The measure of success attending
operations this season will determine them
In the disposition OF their property. Should
the catch prove unsatisfactory, these vessels
will be put to other service or be dismantIed
and laid up. The trials and risks OF the
whaler are too heavy for tho results. There
is probably profit In the maaufacture y
carbon oil, even at the present low rates. The
number Of flowing wells III operation is well
maintained The predictions that the supply
would be exhausted appear to be as far from
realization as when they were first made,
years ago. The export movement of refined
carbon continues large. This is evident from
the continued large charters, and the demand
for home consumption Is increasing, but
prices continue very low In sympathy with
the raw article, and there Is not much pros
pect Of an early advance. The most OF the
refining capacity has been employed for some
time past, and will, no doubt, continue to be
50 the remainder Of the year.
The revival Of the American demand for
British exports continues to be one OF the
principal themes Of all financial reviews and
articles In London. The Economist, discuss
ing the question In connection with tho ex-
port Of bullion, points out that there can be
no doubt that business Is rapidly reviving In
America, but that for the present 1t IS not
easy to say whether the demand for British
goods will spring up in time to take the edge
Off the export Of bullion. A feature In the
return OF the Bank Of France is the decline tn
It's cash reserve. The bank Is now selling
gold coin at one per mill premium for export
tn London for The limited StataS No re-