The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-03-29
:. :, orciaI and Financial Matters.

,mercial and Financial Matters.
h 80 Duke OF Newcastle Is sold to have
no s bis life In different Offices to the
a,nt of s2,5OO,ooO.
r.o steamship City Of Mexico arrived yes
a., from Vera Cruz and other Mexican
Az with 2732 bags and I'LL bales OF coffee;
q s8tOs 30 In specie
rho Mobile Register says: at present
- Orleans is devourng the cotton trade
Mobile: out of the 331 la bales received
II "a IN b Maro4 7, 6.199 bales went on
rough 10 New Orleans for SALE"
rool promises to be unusually low this
: ,o,no summer. The coal production Is far
,oad Of Iastyear, and 1t is stated that all the
!. xostern companies have contracts ON hand
bIoh will run well into the season for sup
; wing Goa, at present prices.
= state Censols closed firm at 49, Dt91S s-the
hme as on Thursday. Premium Bonds were
rm at 2f114dD24I, against 2414 012assS on the
reyiops day. Sales at the Exchange aggre-
eted $4,000 of States and $3O,50O OF Pre-
HUNS. Outside sales were $4,000 OF States
bid $4,000 OF Premiums,
The Miller, OF london, England, says the
pward tendency In wheat has fair prospects
being continued SO long as the Continent
Europe can absorb 10000 qrs. weekly; and
ussia apparently will not undersell Amer
IA or home supplies In either England or
rance. -
Boston reports an active fish market and
avg that In addition to the regular trade
om the South and West, there has been an
Give demand for dry packing fish to go to
nba where prices have ruled very high.
rces of Goldfish, hake, choice makerel and
erring have advanced.
The total tax levy OF Boston this year is
Rs726. 3i1--a increase OF $537,8e3 The as
essed valuation OF property is about $780,
MOOO--a decrease OF over $30,e00,000. This
increased expenditure and decreased valua-
hon will cause the Boston tax rate this year
y be near 81 43 per S10O, compared with 81 IS
|ast year
A Northwestern travelling correspondent OF
he New York Commercial Bulletin writes:
There is no doubt that the acreage of the
bat crop will be materially reduced the pres
ent spring. There is just as much labor re-
hurried to raise a piece of oats as piece OF
Wheat. The one crop has brought on an aver
bge sixty cents. and the other fifteen cents
FLAX. In a measure, will take the place Of oats,
Ind the farmer will only SOW generally an
hCreage sufficient for home consumption.
/ A man In 81 pall1 foak ont a life inSuranna
policy for $4,000, one of the printed conditions
being that the company need pay nothing IL
De committed suicide. He became insane,
and killed himself His widow sued for the
|$5OOO on the ground that, being driven to self
Slaughter by insanity, a disease does not
constitute violation of the suicide clause,
(which can be applied to criminal self
truction only. The Minnesota Supreme
Court decides for the widow.
The New York journal OF Commerce says:
The reduction of the tobacco tax has operated
tn itself to raise the price of the leaf, and this
% urged by manufacturers as reason for re-
|ducing the price only three cents pound In
Bower, and four cents on the better grades.
The average retailer will, however, be slow to
accept this conclusion, and we shall not be
surprised II the ultimate reduction In manu-
facturers' prices corresponds with the change
I'm the tax.
Ex-Congressman Peddie, OF New Jersey,
states that during a recent visit to Ireland he
could not fail to noticethe demand for Amer
lean goods. The preference for them over
those manufactured In England amounted
almost to enthusiasm among the people, and
this feeling is rapidly growing. The largest
hardware store In the city of Dublin has
prominently displayed on the sign american
Ironmonger word ''ironmonger" being
used In that country In the same sense that
hardware merchant Is here.
The business OF marine insurance compa-
MES ON both sides OF the Atlantic Is In a de-
pressed condition, the statistics for the last
two years showing an excess OF losses over
gains in the case of the great majority OF
com panies. This is explained by the marked
depression Of the shipping interests, the
losses sustained In some cases, and the COM
paratively small earnings in all, rendering it
for many owners to do part Of
their own underwriting, while an unusually
large amount of tonnage is left wholly uncov-
cred.
1t Is noted as significant fact that re-
Gently Western butter has been selling In
New York city at prices considerably higher
than the favorite Estate" butter which has
stood at the head Of the market for 50 many
years. Western butter factories running
winter and summer. make it hot for the old
New York State dairy system.
They turn out butter by the carload. Of uni
|orm quality, freshly made, and transac-
lions in 1t are oftentimes made for thousands
of packages at a single sale" The reason
Tor the superior quality of Western butter
Is the fact that Western cows are fed largely
on the heavy grains, oats and corn meal, and
never on the lighter feeds. such as hran