The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-08-12

II is well authenticated fact that prior to
the discovery of this country by Columbus
there was no cereal in America approaching
In nature to the wheat plant
The act authorizing gold dollars is dated
March 3, 1s49 and the first coin "a small one
was issued that year. The size was after
ward changed, making the piece thinner but
of larger diameter
Detrot's credit almost reaches that Of the
Federal government. She has just marketed
a loan of 100000 bearing per cent interest
n $4,000 at par and $4,000 at a premium Of
one-tenth Of one per cent.
correspondent of the New York Evening
Post, now Ii Germany, gives avery discouraR-
Ing view Of the wheat prospect on account of
n the long eontinued wet weather. Large areas
y OF the growing grain are in a condition unfit or
impossible to be saved There are similar un-
favorable reports from Russia, especially in re-
gard TO the rye crop.
There was some Improvement in public Sc
curities yesterday, though the movement was
limited. State Consols closed steady at 371a
@3724, against 365s03714 on Saturday, with
sales Of $4,000. Premium Bonds ruled at
232s0l235s, against 231s02314 on Saturday,
with sales of $50, 900. At New York Louisiana
Consols opened at 81 40l3S, and closed at 3S1s
G13S14; no sales reported.
According to official reports the paper
money circulation in 1878 in Switzerland was
Sc 20 per capita; In German, SIS per capita; in
Great Britain and Ireland, 81 90; in Belgium,
S12 90; In France, S12 rs. Our paper money is
In somewhat greater amount per capita than
that OF France but the vast extent OF our ter
Titory, and the consequent slowness Of effect
ing exchanges, calls for more currency than
Is necessary in a more compact nation.
The active and successful competition of
American skill. capital and improved machin-
cry has wrested from Sheffield the supremacy
in the manufacturing of cutlery, and to-day
there are so 900 men In Sheffield to do the work
that 1000 men can do The result is that the
alternative Of exodus or starvation Is presented
to the unemployed. and they are in large num-
bers choosing the former On the sixth instant
there arrived at New York 1870 Sheffield cutters.
with their families. and 500 more from England
and Germany are expected soon.
The supply of quicksilver exceeds the de-
mand, and the prices have fallen to 33 cents a
pound In San Francisco, which is 20 per cent
less than it was ever known before. The Alta
California states that the managers OF the
mines have been too anxious for immediate
results and made more than the world is in
the habit OF taking. They have also been
making improvements In the methods Of ex-
tracing the metal, so that while the ore has
been decreasing the product has been increas-
ing.
The gain in foreign immigration at the port
OF New York In the past year was 30, 500. From
the Bulletin we learn that the outlook for the
coming year Is greatly more favorable, the
various steamship lines anticipating heavy
Increase from the British Islands and the
Continent The last novelty In immigration
was colony of several hundred Icelanders. |
The surprise at such an arrival in the United
States Is not greater than that created by the
statement that the colony brought in money
an average of $4,000 head.
The corn crop of this country in 1878 was |
1850, 600, 900 bushels The crop Of 1879 will
probably equal If not exceed the crop Of 1878. |
The export of corn from this country from /
September /, 1878, to August 81, 1879, will pro-
badly reach SIS 00O, 600 bushels. Fed to swine I
and cattle slaughtered for export, 100000
bushels more and in the manufacture of do
nestle distilled spirits for export, 5000, 900 to
100000 additional bushels, making the export /
of corn, directly and otherwise, from 14l,oo0.
900 to 143,O00,O 900 bushels, thus leaving over
100000 900 bushels for home consumption.
The elevated railroads in New York haven't /
got down to uniform tive-cent fares yet, but
tits only question of time. Some OF the
directors have been investigating the amount
Of receipts during the five-cent hours and the
ten-cent hours, and they find that travel falls
off seventy-fiye per cent every morning as
soon as the lower rates stop. What becomes
of this travel appears from the fact that the
patronage of the horse-cars during the ten
cent hours on the elevated roads Increases
sixty per cent. The financial moral OF these
figures cannot long be resisted.
The exports Of locomotives from the port OF
New York from January to June so were
forty-five engines, valued al S3l20 1000, against
only thirteen last year, valued at Sl15,ooo.
During the first half of the current year there
were also shipped one hundred and tifty-seyen
Passenger and freight cars, valued at Sl43, 600,
against one hundred and six last year, valued
at sSs,200. Car wheels shipped from January
y to June 80, this year, two thousand seven
hundred and eighty. valued at $25,3oo, against