The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-11-14


auT.THs over October. 1878. The earnings sinoe
-IssnuSry were "a ,e7s sss greater than In 1878.
Absorbing 10 Yesterdays dispatches specie
decreased I'm The Bank Of England during the
sseehi1uRt nast esssooo. The proportion Of the
aatsks reaerveto Its liabilities IL 49, per cent
sarafnst 40 per cent the preceding week.
Tfa receipts of all kinds Or grain Mt Bnlti-
j SatsEa for the ton months ending 0ftohnr II
&nt nted I'D a. 4o5 253 bushels. against no9 7G3
hwatEtats for the same time last year. showing d
Eaia OF II ,4ot. 400 bushels, or an average in
aanaaas af nearly 2ooo.ooo bushels In month.
The aeW Touring mill being erected at Min
aasapolis, 1t Is expected. will have manufao
3larifE capacity Of $500 to 5000 barrels Of -four
nssr day. and storage capacity Of 100000 bush
- cf wheat. There will be nothing In the same
inc Id the United States and probably no
sNiaare else. to compare with II Ia size.
There was some little movement In public go
aerffies yesterday State Ccnsols closed at AGO
-, against a Oh Wednesday. with sales Of s4G.-
a1A Premium Bonds ruled ut 2at.@2ah. the
anale as on the previous day. with sales Of ss7-
SFsl Considerable business was done In local
sfu<sks- At New York there was sale of $4,000
aSks
THE FoREtaN GRAIN CRoPs.-The Department
oil State mt Washington Is In receipt OF reliable
Reformation concerning the Russian wheat
arep. 1t will fall considerably below the usual
Hesrsaee. and there. 40 In other parts of Europe.
Ire demand for American grain is certain to be
nRrEss There will be u loud call for American
ax7tfan. also. In China and Japan on account OF
IL short crops In those countries.
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Ths amount Of grain received mt Chicago dur
FfatDhhr fp ia
Spreading month of any previous year. and
ssHls ears more than ia October. 1878. There
wvEw ST. .te5 cars Of grain inspected and 900 100
HHAtsega received by canal and lake without In
EUasaun. The amount of grain received Mt
estsaesRo during the year ended October u was
sesepal million bushels more than that received
sIuriaE the previous year.
TsTEnEsTrHG DEcIsroN.-An insurance de-
aiasun OF interest was rendered on tho tenth In
sEans lin the United States Circuit Court at Pitts
HuEE. In suit TO collect policy of insurance
7ssusd Ivy the Artisans Insurance Company OF
RfH.sharg upon Gov. Washburn . mill property
&C. minneapolis, which was destroyed by IRE
4nd explosion I'll May. 1919 Payment was re-
slated On the ground that the destruction was |
aAsased BY explosion alone. and not BY Ire but
Hsxs court ruled that where IN explosive sub |
Sxsiaee was ignited by fire aud aided ID the de- |
zGrf&ston the damage must be considered to be |
aasaaed BY fire. and the policy must be paid
NEw YoRK Firms SENDING 70 MONTREAL FOR
SsasAR sAMrLEs.-"The position Of the raw
SaEag market" says the Montreal Herald of /
IL one Of great strength. aud those
rho are fortunate enough 70 be holders have
svaFvfhsng 10 their own hands Nine cents Is
new asked here for grocery grades OF Porto
MTaa end Cuba, which IL an advance az '4c since
Wednesday. The demand Is 50 very much Ia
aGaaea OF the supply that we are informed that
Nav Work firms have been sending for samples
sS this market, which Is q decid IDLY new fea-
sMre IN the trade. Stocks here are not large
statsfdo of what Is held by the reflners. still
seInas OF our importers would DO able to accom-
Uadats them ii they really mean business
How THEY GER AROUND IT.v-Tho New York
kaNsning Post Of Saturday last declared that
ne of the New York banks had been lending
H1ssr money last week through third persons
n q commission, that being a device to escape
~ nenalttes for charging more than lawful
interest,". The banks won't have hand ut :
1xsATr. but the New York Herald faoetIously re-
1aaFks that like Moses In the School for Scan t
fat. hey sometimes nave a friend In the city.
lm uneonscionable dog" who will accommo-
knta Abcrrower on pinch. and be as ready to
sIanEe into usury rs duck into water Tho !
Eaw York Post says that 1T is hoped that II this
! done the stockholders OF the banks yet their 9
Image 81 the swag and that the whole is not =
lzsEdsd among officers Of the banks The Jour !
INIT al Commerce says the banks have too much +
ran nahhy with the spirit of speculation. which .
ssEea al but the steadtest men off their feet i
,haT are too ready to make loans On stocks y
Ihfch are the bubble and sport Of the hour u
heE are too indnlgent In certifying brokers' G
sssaks far heyondthe amount Of their deposits. g
u other words. they too freely share !,
rusars risks. In order that they may profit By ii
ruksrs' custom. ALI Of which encourages g
secalators. while exposing the banks to tho 4
zassrs eff losses. and therefore Is, in double ii
xfSe. Injurious to the community. b.
------ Tf
Ga. FIGuREs.-Ths following curious facts n
= kathered from the forthcoming report of -
4 0cuamis siener: The present internal reve-
EHeuatem was organized September /. 1862. | tn
@a that Date the total amount collected from "a N
zNSeo ha cen ss2a $50 ESQ., which la the tax on an