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

al aaaler prices The ttade generally aonnpte9
over rates On tho leading atapea.
Tha I,etbechllia have la'ely paid In England
aims oeo probate and ttaanoa Legacy duty.
rhe New York Herald says that coal Ia selling
n that eity from fifty TO seventy five cents hoow
the schedule price.
The cipnng diaeount rata for money roatet
day In New York was per cent. which Indicate ga
All abundant supply N the nandfnl III that city. |
The exports OF grain from thia tort to Eu.
rnna yesterday were exceptionally large. N
4nluiing apsIs bashels OF corn In bulk aud "a.
loo bushels OF bulk what.
The decrease oI erecie III the bank ~ eng
land for The week ending Yesterday WINS fla.,aoo,
and the proportion of the reserve tn liabilities
waa aT tt-tH aaalna lNA Last week. The lie
crease Of specie in the Bank OF France for the
weak amounted teE ,aSn 900 franco
The market for public aecurI lea ynaioriay
waa dull and the movement was light State
Gunanls nloaed ut lGf.abAais, tho same ~ ~ tho
prnyioua day Premium Bonds ruled n lpAto
aptk against ppalps on Wednesday. Tho Hales
wprs sat,nnn W state Nonana, aud aW.hnn nt
prpn,ium Bonda. AZ New York there waa n eae
of sio, 900 Of Louisiana handa nj 4es.
The New York dry goods imports fnr tho
eleven months OF 1912 have been ttft}otp In
excess or laat yenr, tt.74opa 2 mnr" than for
taf7 ana 81 ppp 4pI greater than fnr iRif dnanr
pamnariHona show the axoeaH over last yaar
made up aa tolowp. Manufactures ~ wool, q.
aan pH Or cotton 81 ppa npA of ailk Sam inn. ~
1ax, sa.9.a.1qo. aud miscellaneous dry goods
faa9 top Increase
4 i.,.,i
reyivea the old reserve, amounting nj THE time
to about cute 600 900. Under existing laws tho
caah reserve Ia about ava oop.ono. Shouih the bill
uasa Il would take ses.unanon Of silver from the
lrennury aud nut In circulation An equal
amount 81 sreenhacka. Tho measure will he
severely attacked 10y the advoeaee Of contran
tion.
The government auditor of railway accounta
ln hls annual report shows that for The ton
months ending October n. ,aip there were built
In the United States 1900 miles of new railroads.
Of which over 5000 miles we're west If tho Mis-
siHaippi. while the average Of new construction
Tor the FIVE yeara previous, taking. OF nourRe.
emily the tlrpt ton months Of each year. amounted
to emily Iano miles.
The change that haa haeu aifaetnd IN the fer
alun commerce Of the United States of late
years Ia more marked In the volume Of com
mnditien imported and exported than In the
value. During tho laat tlacai year our exports
aggregated In weight u,lua.noo tpna OF 22io
pnundH each against $500 900 tone In tho fiscal
year ending June 10, isfp. while tho imports III
the same period increased only from 3.ron. 900
Iona TO q ano 400 tone.
The United States producea annually hntwaon
n of tll
Tho worlaa annual product n eatimated al
from 500 900 900 TO 1000 900 900 pounds. In Tho
United Atatea fully 10000 pornons arc employed
III tha manufacture Of tobacco earning siinon.
600 In wages, and turning out product worth
az GOO nnh Tobacco ranks niSth on tho lai 81
our exports Hnd last year We snut abroad about
500 900 900 worth. Germany Ia our best custom
or but Great Britain follows olosey.
~--4-4-----
-. rhiladelpba made u good pront ont Of hnr
Pennsylvania Railroad stock Tho original sub
aorlpHnn waa for sE NM0nn. or lm.oao ahnrna
Thla was Ia 1910. when the company was chart
efed. From time to time portious nf tho atoek
were dlanoRed of until on December y lafn
only az, t4a shares rcnaiued. Ths was srld iii
u lot TO the company at par. bringing within
fraction of San0o,foo, Tho account with Tho city
focts up AZ follows II has received III dividends
ss.7la CAS- and a. 30. lua from the sale OF stock
making st6.l3e faa In NIL Deduct ihe original
dost. seeo 900. and The interest On tho same S.
at1,0o0 and there is balance OF se,l3E TAI not
proilt 10 the city.
INTERsrArE COMMERCE. Sapp Of Iowa
has introduced. and had referred 10 tho Com
mittee on Commerce. bill te regulate inter
state commerce. II provides for tho creation OF
u permanent commission. to be nominated Ivy
the President and confirmed ~ the senate ~
consist of one from each OF tho nine Federal
j Judicial Districts Of the United States. tho reg
uation Or the rates 10 he paid for the Transport
taton of persons and freight TO bs committed to
this commission. Their jurisdiction for this
purpose will extend to all railroads croHainE
the borders OF States In which They commenee
into other States or Territories and will en-
brace regulation Of the tariffs " Nil interstate
comnon carriers The only restriction upon
the determinations Of this commission IL thai
they shall w reasonable A penalty IN from
$500 to stooo for tho first ofrense and from s30ea
70 sio,eoo for every subsequent infraeaon Of the
rate 80 To be established n to ha collected from
the offending CORPORATION MS debts Of the United
States ARE generally secured. MIR. Reagan |
bill on the same subject. Watch IL much better
measure, will also be pressed to i vote this ses-
sion.
from Washington says that the Treasury Pc
partment officials claim there are some vary
Objectionable features In the new bank reserve
bill proposed by the Banking and Currency
Committee OF the House. They say In the first
place. the bill r quties the banks TO hold q re-
serve on circulation as we'll as on deposits
requirement that has not existed IN the law
siace June 10. 1870 The effect of this pro-
vision would be to increase the aggregate re-
serve required 10 he held In the banks BY about
As. 200 co., and. ~ far as that Is composed OF
legal tender notes or Of coin withdrawn from
The government hy the deposit of legal tender
notes. It would be a contraction of the cur
rency Secondly, the bill. II 1t should become
gaw. would require all country banks % keep
ona.half az All their reserves In cash (ooin In
thair yaaltsh while now they are required to |
raan only two t1fths Of those reserves. and the
- = ia ..-o,sA Ia on circulation and deposits. I