The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-04-13
Commercial and Financial Matters.

Commercial and Financial Matters
The figures concerning the business Of til
Georgia tstatel Railroad show that its gros
receipts for the past twelve months wei
10000 less than for the year previous, but
decrease of s172,0O0 in expenses have made
gain In net earnings Of $4,000.
There was quite IN Improvement yester
day In The market for public securities. Stat
Consols advanced. closing firm at 5O14@501s
against 49sssaD49L, on Friday. Premium Bond
also showed an Improvement, ruling strOni
at 2Gs6o12G,s, against 25ysGD26 on the previou
day. The sales at the Exchange aggregated
S75. 900 Of States and $4,000 OF Premiums.
Real estate auctionoers inform us that re
Gently there has been very perceptible ant
encouraging increase In the inquiries for city
property, particularly for small houses. Thls
fact we hail as good omen of a restoration
of confidence and Of an enhancement d
values generally.
The insurance case Of Col. Dwight, Of Bling.
hamton, n. Y. has again come to the front
He had his feinsured for $265, 900. III he had
died On the fifteenth Of the month, On which
he did die. the proceeds Of his Insurance would
have gone to his creditors, he being dis
charged from bankruptcy on that date. If he
had lived Till the nineteenth, the policies would
have Iapsed, for he could not have paid the
premiums on them. He had just three days
to die In SO as to benefit his family, and he
died punctually on the night OF the fifteenth.
Notwithstanding the pressure Of the food
+. question, the emigration from Great
Britain has been small during the last five
or six years as compared with the previous
similar period. The total emigration In 1868
was 223, 75s, OF which number 1858 came to
the United States. The proportion coming
to the United States steadily increased year
by year until 1873, In which year the total
emigration from the United Kingdom reached
310,612, OF whom 233,U75 came to the United
States. Tn the last two years the total immi-
grafton to this country from the whole
United Kingdom has been small. In the year
to June 30, 1877, 1t was only 80, 150 and In the
year to June 80, 1878, ii was only 3s,082.
The st. Louis Republican Of the tenth In
slant says: Something OF commercial i'm
portance to st. Louis, 30 far as Its foreign
imports and exports are concerned, as the
facility for both is increased, is the act Of the
Treasury Department In bonding the New
Orleans Anchor line to transport from and to
New Orleans goods without appraisement;
and the first shipment for export In this way
occurred Tuesday by the City of Alton COM
priSing a lot Of Anheuser q Co.'S bottled beer,
via New Orleans to the City Of Mexico. This
companys beer was some time since intro
duced to Mexico; but heretofore IL has had to
pass regularly through the Custom House at
New Orleans. while now 1t can be at once
transferred aboard steamer direct for Vera
Cruz"
An Ottawa telegram to the New York Mer-
camille Register states 1t is understood that
MIR. Bentley, Brazilian Consul, who has been
In that city for the past few weeks, has en-
tered into an arrangement with the Canadian
government to substitute line of steamships
to ply between Halifax and Brazil, by which
1t ID hoped to develop direct trade In
sugar, tea and coffee between the two places
1t Is also understood that the Brazilian gov
eminent have signified their intention of
granting subsidy to the line similar to that
given by the Canadian government. A small |
trade has of late years been carried on be-
tween Canada and Brazil, but shipments have
been made via New York and Boston. It is
said the first steamer will sail In September
next.
The agitation for a new bankrupt law Is
extending. The Boston Board of Trade has
appointed committee to prepare the draft
of q new national bankrupt law, and
merce OF New York and similar organ
lzations in other cities to cooperate
In securing the passage of such o. law. The /
New York Chamber has decided to appoint
committee for this purpose. The objection
to the law which was repealed was that it
protected one side and defrauded the other.
As the Boston Post we'll says, 1t spread out
thickly for deceit and fraud. In
consequence, 1t seriously deranged business
by unsettling its foundations. The people
grew weary OF seeing such practices pro-
tected by 1t as were visibly multiplying in all
to the confusion Of all legitimate
trade relations. They preferred by far the
outright abrogation Of the law, with a space
for reflection. Now the great need
Of q national bankrupt law that will operate
squitably on the debtor and creditor is ser-
rusty felt, and a general movement has been
to bring about the adoption by
congress of such measure.
|
The New York Financial Chronicle discusses
lie cotton trade az follows:
The chief element OF strength has been the
statistical position. conveying the impression
hat at the present rate Of consumption sup
lilies will not hold out for the remainder of
he season, and that there Is no alternative
'ut to force prices up until consumption be