The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-07-17
THE NEW ORLEANS DEMOCRAT THURSDAY, JULY II, 1879

consumer III first hands SIS 50. AS Cuba does
not raise wheat, the effect Of this high duty
and tax can be easily realized. The rate Of
taxation In Cuba per capita, Tor the entire
population. is $50 rs, and including only the
free population 1t Is $53 50-the highest OF
any country In the world, the rate In the
United States being SIS 81 per capita.
The business men of Memphis complain Of
the haste with which several cities estab-
ltsbed quarantine against that unfortunate
! place. They declare that the three or four
! fatal cases of fever reported furnished no
sufficient ground for the Immediate Interrupt
ton OF all commerce with the city. These
gentlemen should attach the blame to the
Memphis board OF health, who became I'M
necessarily frightened and issued an official
notification to the citizens to leave town-not
to stand on the order of their going, but to
go at once.
comparison between issues OF stamps.
stamped envelopes and postal cards. for 1878
70, shows the total value Of this years Issue
10 $29, $50 05O an increase OF 1911 1865 over the
value OF last year. The increase In the num-
Der OF ordinary postage STAN ps issued Is only
429 per cent as compared with the increase of
7.6G per cent for 1878 over 1877. This compare
tive falling off Is due to the effect of the new
law for the compensation of postmasters,
| which, having for its basis the number Of
stamps cancelled instead Of the number sold,
has put stop to the speculative purchases.
There Is decrease In the value and number
Of newspapers and periodicals, stamps and
stamped envelopes and wrappers. There we're
| 221 807, 900 postal cards issued, an increase OF
more than 10 per cent. The Increase In value
OF sales to the public between the two years
| Is 81 ,0O3, 218.
The standard weights Of the United States
were made in England and transferred to
America about the year 1890. They are exact
limitations of the present English avoir-
dupois and Troy. weights, and by them
every subsequent weight was regula-
ted. Mr.. Kramer, the scalemaker in
Philadelphia, Is the only man that has
ever been entrusted with the government
weights and that at time when certain dis
crepancies had found their way into the as
saying departments Of the California minis.
The weight of the gold and silver bullion, as
weighed at the mines, was constantly differ
! ing from the weight as found after weighing
| In the government scales at the mint. The
difference in the weight was finally regulated
/ by appointing an expert to make exact dupli-
Gates Of the standard weights, which are care
| fully guarded In d strong vault Of the Treas
ury at Washington. The duplicates were
made by Mr.. Kramer, Of Philadelphia, and
with these exact weights, and the skill and
experience of an expert, the irregularity in
| the weighing OF gold and silver was over
come.
| The San Francisco Bulletin reviews, under
the title OF "A Mining Disappointment" the
history Of the Union Consolidated stock DUR
| ing the past year. It was selling year ago
at IS per share. In July the range was from
So to So. The best quotations on the thirty
first Of July was 81 8711aa per share, or at the
rate Of S787, 800 for the whole NINE This was
more than double the value 1t sold for in the
previous May, and attention began to be
drawn toward the stock. Starting at SO on
| the first of August the price steadily rose to
$50 In about four weeks, though in forty-eight
hours thereafter 1t fell to $50. Opening on
the first day of September at Sal, it rose sid
on d single call, and before the end of the
month 1t was close up to 5000 per share, or at
that point the price descended In irregular
gyrations to s37 per share in less than three
months. Since then the stock has been at
tempting the feat Of getting to the point from
which 1t fell. 1t was up In the sixties last
December, but fell back into the fifties. In
January, 1879, it again rose to the Sixties and
In February to the eighties. In March it was
back again In the fifties, but rose to the seven
ties In April and to the nineties In May. A
desperate effort was made to reach 100 at the
opening Of June, which eliminated on the
third at 1913 per share. Since then the stock
has been on the down grade, and on June Is it
sold as low as $40 per share, and July I
at $34.
MONETARY.
OFFICE OF NEW ORLEANS DEMOCRAT,