The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-05-18
Fam ,nercial and Financial Matters.

fho market and the "bears" are sucking thell
naws IN quietness and disgust. Yesterday
under the influence OF favorable advices from
abroad. there was good demand and tht
market ruled strong.
business at the grain landing was quiet TO
day. The stocks are not large, and receivers
are holding for higher prices.
At the sugar eheds there was very he,ie
business transacted. and the tone OF the n'ar-
ket was firm and unchanged.
The feeling In -four is stronger. Dut tIals-
notions are restricted tn consequence vi tne
small supplies Offering. Corn meal 10 u sooo
demand and five to ten cents per barrel h'gher'
In nr,v,siops we note larger movement,
and tbe feeling in prices La iirtner.
The steamship Delos cleared yesterday fof
rivarpool with $1,000 bushels OF corn Ia buiK'
State Consols closed yesterday at 4s1sta
aa75. against 4gA@sO on Friday. Premium
Rnnds were uulet ut 25kD2e the same as on
the previous day, The sales at the Exchange
amounted TO $4,000 of States.
one Of the most profitable investments ever
made seems to be the New York Elevated
Railroad. According to Its president, u car
ries 100000 passengers and brings Into the
company $1,000 every day. He thinks that
The road Ia In its infancy as yet, but, should "
only average the above amount, it will realize
over $2OOD,oO0 a year. The COST OIL the
road was but $4.ooo.ooo.
The freshest statistics about the city "a
London inform us that 1t Is spread over 7ooo
square miles; that In every four minutes
there il one birth, and one death In every SIX
minutes; that the growth OF the population Is
III the rate Of 2O5 day, or $4,000 year; that
the total length Of the streets La 1000 miles. 10
which are added twenty.sight miles OF new
streets yearly; and that the number oil new
houses built annually Ii 1000.
The fox In England liz an expensive enemy
OF course he must be considered az an enemy,
for he calls out the allied forces OF men,
horses, dogs and guns ID the realm, so he can
hardly be regarded either pet or friend.
According to careful calculation the fox
causes s50oo,ooo year to be spent In Eng
land. and we believe that this does not IN
clude damages to land and crops.
Those familiar with the subject, estimate
the number OF cattle driven from IexaS our
Ing the last ten years at 3,573,bo5, besides that
those were shipped by rail- The most extern
Bive drive was during the year 1870, when the
drive numbered 100000. Taking the average
net receipt 10 stook-raiserE ut 81 per head,
the estimate is the vast sum Of $25,ol4,5 500
worth Of cattle converted into money In
Western and Southwestern Texas within the
last decade. The drive for 1879 is variously
estimated at froas I'll 300 to 20B, 900 head.
lii recent article In the Paris Debdts, M.
Paul Leroy BeawlieH. one Of the chief tinan-
cial authorities OF France, comparing the out
cry about industrial distress with the facts OF
the increasing exports Of manufactures, the
increasing traffic on railroads, and the In
Creasing revenues Of the Republic. winds up
by saying.
Are not we French d curious peoplee On all
sides we hear Of ruin. agriculture iB rui ned
manufacturers are ruined, commerce Ia ruined.
the factories are being closed, salaries are
being reduced; aud yet his ruined people sells
more man ufaetnrad articles to the foreigner
Than ever. fflla the railway trains more than
ever with passengers and goods. travels more
an ever.gr eater thirst which II never lacks the
rapans Of uuenehtng 1t pays more th n ever
to the State and still 1t has savings which drive
up the funds 10 unheard-of prices. 1t must be
admitted that these are curious symptoms OF
ruin