The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-06-13


be entirely neglected.
The feature OF interest In the markets yes
terday was the somewhat active demand FOR
provisions and the advance In prices on dry
sailed meats and bacon. The former ad-
vaneed &c and the latter 1So, with q strong
A feeling ut the close.
The purchasing price for silver bullion has
been raised to 81 14111s per ounce.
Five sailing vessels arrived at Baltimore
last week from Rio Janeiro, bringing In all
83,679 bags coffee, replenishing the stock,
which had run down.
We learn from the circular of Messrs. q. ii
Lawrence d Co.. that the receipts OF butter at
this port for the week ending June 10, were
82s firkins, 5s7 packages and 1853 tubs-all
but 1865 packages were from the West.
------
II Is reported that the national banks In
New York and vicinity are seriously think
Ing Of withdrawing circulation to the extent
OF $2O,ooo.o0o In preference to paying heavy
premium for per cent bonds.
-Four hundred and fifty Thousand ounces
fine silver were shipped from New York on
the ninthfnstant to New Orleans to be coined
into standard dollars 10 reports tho Wall
street correspondent Of the Baltimore Sun.
From statistics 1t is learned that there are
In the United States about $40 paper mills
which turn out yearly an aggregate OF nearly
s75,O00,O00 worth Of paper, Of which nearly
s2,0O0,ooO worth ID exported.
City of Mexico advices state that the inter-
national exposition scheme seems to be
definitely abandoned. The provisions levy
Ing Increased duty on foreign raw cotton has
been withdrawn. The provision for an in
creased duty On foreign manufactured cotton
has become q law.
There were considerable sales yesterday OF
State Consols, those securities closing 41sD
~, against 4114@411l on Wednesday. Pre-
MUM Bonds ruled steadier at 2eD26ss, against
2e026I on the previous day. The sales at the
Exchange comprised Of $ss, 500 of States and
$4,000 Of Premiums. Outside ste, 900 OF States
and $4,000 Of Premiums were sold. Stocks
were active.
A Cincinnati manufacturer died nine years
ago. His business had been prosperous, and
1t was supposed that bis estate was worth
$4,000; but his widow could find only
q
nately, and finally lost. Lately che became
needy. and son visited her to arrange for her
removal to his home. In packing her effects
he discovered 100000 in good railroad bonds,
In which his father had invested.
The Philadalphia North American Of late
date says
The quantity OF cheese made In the United
States and Canada the past year was the
largest ever known, and our export demand
has increased correspondingly. Prices, how
with several sharp declines, kept business In
this line quite unsatisfactory, both to the
producers and middlemen. This branch Of
industry Is no longer confined to the States Of
New York and Ohio, as In former years, but
has been extended over the entire Western
grazing country, and is now considered the
second branch OF industry OF the United
States.
Judge Buckner, chairman OF the Banks and
Currency Committee, has introduced bill In
the House Of Representatives for the repeal
OF the tax on friction matches, wax tapers
and cigar lighters, the annual income from
which amounts to about million and half
dollars. He proposes to provide for his
revenue and some twenty-four millions beside
by placing tax Of one-tenth OF l per cent
bonds of whatever description, to be assessed
and collected at specified times by the district
collectors. In the Forty-third Congress bill
OF this character passed the House by over
two-thirds vote, but was buried in Senate
committee.
The Memphis papers say that the current
receipts Of corn In that city from the North
west show beyond dispute that the farmers,
instead OF planting relatively more corn, are
planting each year less. During the first five
months OF this year, for example, $4,000 more
sacks OF corn were received In Memphis than
during the first five months OF 1873. 1--WE
have reason" adds the Appeal, ito fear that
less corn has been put Ia this spring than on
that OF last year. There appears to be an ex-
element about raising cotton that paralyzes
the Judgment, and that blinds the mind to
future consequences Let heavy Southern
demand for corn become prevalent, and some
time Id the course OF three or four years. an
overwhelming call for It will set In from Eu-
rope ct the same time the South Is needing
large supplies; then where will the 'all-cot-
ton grower be-? He will be crushed, and
among the cotton stalks there will be heard
weeping and wailinR and crashing OF teeth"
An interesting table has been drawn up TO
show the fluctuations In the production OF iron
throughout the world during twenty-seven
years. Since 1850. 1t appears from the figures
read at meeting Of one Of the societies inter-
ested Id metallurgy, there has been very
large increase In production Of pig iron, 10 re-
Spouse to q demand produced by the growing
uses Of the metal, and By the formation Of
vast constructive works Ia every quarter Of
the globe. IN 1850 the production Of pig iron
IL the world was believed to be about