The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-07-19
Since last Friday. though there have been


change. Last Friday they were quoted at
A3ssss@4355ss, and yesterday they closed firm at
bsAA@A. The sales during the week foot up
seQ,oOO against s489,0 900 last week. The sales
Of Premium Bonds amount to $4,000, against
8eQ,i6g the previous week. Yesterday the
salde of States were S235,000 AT New York
louisiana Consols opened ut 1917 and closed
at AgHs 144, with sales Of $4,000.
We have received from Mr.. d. Webster, the
agent In this city, the semi-annual circular
Issued by the mercantile agency Of Dun,
Barlow Il Co, giving the number of failures
10 the United States and Canada for the past
quarter and the past half year. The figures
are extremely encouraging. The total fall
ures in the United States for the first six
months Of 1879 aggregate 405S, the amount OF
liabilities being $65, 77a,3O0. These figures,
! compared with the first six months Of 1875
show 1869 fewer failures and a decrease Of
$s5, OBS 1916 In the amount of liabilities. The
hilures for the three months ending June 80,
1879 were only 1884, liabilities S22, 666, 725, be-
ing much less than In any single quarter OF
the past five years.
The average Of liabilities Is also much
mailer than heretofore. It is q very whole
me sign when the loss or locking up OF
money by bad debts is curtailed thus rapidly.
1ne circular, after contrasting 1878 with 1879.
Eenarks that "never before In our experience
- the compilation OF these statistics has the
0ecfease In mercantile casualties been SO
marked; In no previous period has the COM
pefison of losses by bad debts been so favor
sDie as at the present hour" The decrease in
ne amount OF liabilities, or, in other words,
" the amount OF money locked up by bank
nptcies Is virtually gain Of 65,0o0,O 900 to the
working business capital Of the country in
ne past six months, but. the best effect Of the
nRures exhibited will be found In the return Of
eonddence which they contribute to promote.
me circular also comments upon the In
efease in the volume of business, as indicated
w the lncreasein the exchanges OF the BANKS
lhs Increase Is equal to 20 per cent in the
Ast SIX months, and shows that the general
Consciousness OF improvement In business
throughout the country Is not coniectural, but
nas q substantial basis Of facts. This in
stpssase ID business, 1t is claimed, has had
sleat deal to do with the decrease 10 failures,
niusI now be done at a good profit.
11e st Louis Times contains az abstract
~ an interesting article from a Northern
magazine on The Foreign Indebtedness Of
sne United States" by Willard Brown, which
presents some important statistics with 9
oeainess not often attained by writer's on
pollacal economy. Taking the fiscal year ct
lses IS his starting point, that being the date
= .ne last careful reports bearing on the sub
s.ecs air. Brown puts down the amount of
VI. aAeHcan securities, other than United States
oonus held abroad at s435, 500, 600, and of gov
pment bonds, $685., 900, 900, making our total
s.slen debt, June 80. 1869, s., 13O. 100000. The
s Is course Of this debt Is the subject
IA study. There are four ways 10 which
teased: By interest On debt previously