The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-03-28

-, ,+oa mship3 Baltimore arrived mere yes
IN IN, from Rio de Janeiro with 81 1893 bags
Of coffee
Late accounts from Kentucky indicate that
~ deposits Of petroleum In that State are
very extensive. -
Nearly 100000 cattle, mostly young, will
u driven from Texas North before the hot
heather OF August begins
A San Francisco letter says: ga powerful
.onnany Is organized to light our city with
eectricity The most approved apparatus ID
m hand, and numerous patent Fights are &C.
eured. Ex-Gov Latham Is at Its head and
that means business with dispatch"
State Consols closed firm at 49, 494911Is, show
inc no variation from the preceding day.
Premium Bonds closed easy at 241465245s,
against 241sQ24A on Wednesday. There was
but little movement In the market. At the
Exchange $4,000 of Premiums were sold, and
outside the sales footed up 100000 OF States.
Canadas imports have declined from S127,-
5f4, 594 IN 1873 to $91, 1857 In 1878. and this
loss, 1t is stated, has fallen almost entirely
upon Great Britain, which has been crowded
out OF nearly half OF her Canadian trade In
that period, while the United States has more
than held Its own, selling across the line last
year S48, 631, 739, while Great Britain's ship
ments.had fallen from $68,Oo0,000 to 81, OOO.-
boo. What Is worse for the mother country ID
The fact that It's heaviest loss has been In free
goods.
The cultivation OF the sugar beet In this
country has received q fresh impetus from
khe success of the enterprise In Maine, and
klready the Connecticut valley farmers are
considering the feasibility Of substituting this
crop for tobacco The latter Is q reasonably
sure crop, but it exhausts the soil, and the
profits are very small at present. The beet
d easily grown, does not make nearly SO
severe draft upon the soil, and yields fair
income on the capital invested. The amber
cane has been tried by some farmers, but 1t
Is rather failure than a success, and will not
prove as profitable as the sugar beet
II Is estimated by Auditor Holiday that
the total assessment Of Missouri for 1879 will
not exceed s523, 9s2,773, which is not likely
to be increased by the State board of equali-
cation more than SIC, 900, 000 The aggregate
returns of the assessors for 1877 were $780,
56S, 1874, which was afterwards increased by
the board tot 1884, 1915; consequtnely the
falling off In the assessment this year from
what 1t was two years ago cannot well be less
than $5O,O00,0O0. This will cause decrease
In the State revenues of about $40O, 900, and In
the opinion of the Auditor prove of serious
Embarrassment to the treasury.
Tho Eropab onpo,pi+faa If tho AoaapabIp
which has been In permanent charge of the
revision OF hetariff Is composed Of o majority
81 protectonists, but nevertheless they are
not extremists, since they have just voted
very largely In favor of continuing the
treaties Of commerce with England, Austria
Belgium and Switzerland, and OF renewing
those with Spain and Italy. These treaties
hre treaties Of reciprocity and are much more
mpregnated with free trade principles than
Is the case with the French general tariff, to
(which they are exceptions, and which con-
tains many prohibitory clauses.
The New York Times has done very good
Service In collecting from many States and
business centres, reports OF the actual condi-
ton OF the trades, manufactures and other
Industries. The result In all directions, and
In nearly all interests, is favorable and en-
couraging. Factories which have stood the
test OF the long depression are running at Q
fair profit those which have closed are re-
Stunning work. Sales are abundant, and col
ections more easily made than at any time
since 1873 Greater caution is exercised, with
the result of securing payments more prompt
ly and making failures less frequent.
-----------------
The New York Journal of Commerce be-
lieves that the notice by the Secretary Of the
Treasury that the Treasury Department will
now redeem called bonds to the amount OF
$50 900, 900 embraced In the calls maturing
from the first to the eleventh Of April, inclu-
sve will afford comparatively little relief to
the money market unless money should be
30 active as to rule above per cent on gov
eminent bond collateral. Banks will not be
likely to 60 to the trouble and expense Of
sending their called bonds to Washington
simply to receive the principal and interest
70 the date OF redemption, unless they can use
their money to advantage In the market, and
Tor the same reason there will be little object
In sending forward the 6 per cent bonds to
pave the proceeds applied upon the subscrip-
lions to the per cents. The proper way to
relieve the market the Journal thinks, is to
prder the u per cents paid at the New York
Bub-treasury.
We have Just received copy OF the annual
report OF the Chief of the Bureau Of Statis-
tics, from which we gather the following In
eresting statistics:
The gold value Of the total exports OF mer- |
ehandise from, and Of the imports Of mer- |
ehandise into the United States during the |
iscal year ended June 80, 1878, was as fol- |
ows:
NERO HANDIsE
Exports of domestic merchandise. $3.50 100 oss
Exports of foreign merchandise. ID ia 400
Total exports OBSERVATION-DISCLOSURES 1894 ss5 7ee |
Imports of merchandise. .............. 4s7 0b1 539 |
Excess OF exports over imports s257 al "a
! From the year 1868 to the year 1879 the |
Ealue OF net imports OF foreign merchandise |
largely exceeded the value OF the exports of