The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-07-16
THE NEW ORLEANS DEMOCRAT, WEDNESDAY, JULY 16 1879

Is not expected TO cause any perceptfbie dis
turbance Of the money market. The national
banks, through which the largest subscrip-
| tfons have been made for the 4per cent bonds,
| will simply tender the called bonds to be
placed to the credit Of their subscriptions,
and there will be but little actual transfer Of
cash In The financial transactions Of the first
Magnitude which the government will be
required to make during the present month.
| cotton mill was started at Atlanta, Ga,
last week, capable Of producing 23,40o,000
wards Of manufactured goods a year, which
will require 10000 bales of cotton. All the
Georgia mills have been running profitably
for ssome years, while the New England
mills have been losing money, as
shown by the Fall River Mill Company's
losses. At Natchez, Miss, large cotton
mill Is In successful operation, and there
seems 40 be no doubt that the business OF cot
ton manufacturing will extend rapidly
In the South owing to the great difference in
favor OF that section on account OF the prOx-
unity OF the raw material. The Augusta,
Ga, cotton mill has just declared dividend
Of per cent on It's capital stock after paying
all expenses. The sales for the last fiscal year
amounted to sS32,o00.
The following Is from the Cincinnati Price
Current Of last Thursday:
There Is no essential change In the general
outlook for the crops Severe storms last
week In Iowa. Minnesota and Wisconsin re-
suited in some local damage, but generally
the wheat which was Frustrated righted
again after the storm, and the prospects are
daily improving for full crop Of spring
wheat.
Oats are generally heading out better than
expected, and 1t Is quite possible that the
crop, like the winter wheat will prove to be
exceptionally good in. most sections OF the
The accounts from all parts OF the West re-
garding corn are decidedly favorable. The
weather IN this vicinity is OF that forcing
character-damD and hOt-Whtch Is 50 disa-
greeable in Cincinnati, but which fairly makes
sickly infant to a proud, healthy maturity.
with tassel In Its cap, surmounting its suit
Of emerald verdure and ready to put forth its
strength In the production Of golden grain.
e hs 10 weeks
and similar conditions are reported In Indi-
ana, Illinois and lowa-the three rs which
give character to the corn crop of the West.
The yield OF winter wheat this season Is q
disappointment to farmers generally, but 1t Is
one which they can bear without exercising
an unusual amount OF fOrhtude. They ex-
pected at first that the crop would be a failure;
then that they would get half crop, and
when the harvest commenced they thought
1t might be an average yield, say twenty
bushels to the acre, but, on threshing, it
proves to be far more. Some fields in Indiana
are turning out sixty bushels per acre, but
this is exceptional; many crops in Ohio,
Kentucky and Indiana 60 at thirty to
forty bushels, and it is seldom that
one falls below twenty bushels per acre.
Not only is the yield very large, but the quail
ity is unusually good. Kentucky has consid-
cradle smutty wheat, but the quality other
wise is excellent, and the smut can all be
taken out, SO that it does not greatly impair
it's value. A much larger proportion Of this
almost say that when properly cleaned all OF
it will be up to that grade. II other sections
OF the country have done as well we have the
largest and best winter wheat crop known In
the history of the trade.