The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-01-08

s
Commercial and Financial Matters.
The steamship Mourino cleared yesterday
Tor Liverpool with $1,000 bushels OF wheat In
bulk, besides other cargo.
The brig Henry b. Cleaves, which cleared
yesterday for Havana, carried out good
cargo of grain, viz: I467 barrels and 1900
sack of -four, 1464 sacks Of corn, 100 sacks OF
bran and 200 sacks Of oats.
The present amount OF outstanding green
back currency Is $346, 6s1 016, and the amount
of specie In the treasury for redemption ID
$224 1885, 79. With such a reserve 1t Is impos-
sible to prevent resumption from remaining
\ flxed fact.
Y The statistics of sales OF postage stamps
Tor the last fiscal year show the following
order Of precedence In the amounts realized
from fourteen cities New York, Philadelphia,
Chicago, Boston, st. Louis, Cincinnati, San
Francisco, Brooklyn, Baltimore, Plttsburg,
Cleveland, Detroit, Louisville, Indianapolis.
There was quite tumble In securities yes
terday. State Consols closed easy at 600
ety. against 6s1&@6sA on Monday. Pre-
MUM Bonds also closed easy at 3ls413111aa,
against 33ssSS033H on the previous day. The
sales ut the Stock Exchange footed up
$12S. 800 OF State Consols and sos, 800 Of Pre-
mirm Bonds.
Russia has deviated from the general policy
of manufacturing nations, In imposing duty
on cotton. Raw material that cannot be pro-
duced at home Is generally admitted free Of
duty. The course Russia has adopted will
tend to iniure young industry which stands
IN need OF nursing, and as cotton cannot be
grown in that country home industry will in
no way be protected or encouraged.
A heavy falling Off In the production Of pre-
cious metals is shown by the annual report OF
Wells, Fargo d Co., probably the best author
tiles on this subject In the United States
The yield Of gold in 1878 west Of the Missouri
river, including British Columbia and part OF
the east coast Of Mexico, was $38, 956, 231, and
Of silver $aS TAG 391. lead $3,452.OoO. The total
was $81, 154,622. The yield Of precious metals
ls said to be less by $17.267, 1872 than in 1877.
Atvices from Washington are to the effect
that the House Committee on Commerce. not
withstanding Its previous determination to
the contrary, will probably report river
and harbor bill soon after the reassembling
Of Congress, making an appropriation Of not
less than s3.0OO,OOO. The ground of objection
to making such q report at this session was |
the Illegal discrimination Of the Secretary Of
War against the South In his expenditure Of |
the last appropriation, but the misunder-
standing on this point Is said to have been
satisfactorily adjusted.
A scheme has been presented to and ap-
proved by Captain General Campos, Of Cuba,
for the colonization and encouragement of 100
plantations, near a bay called Nipe, on the
northeast coast Of Cuba. A plantation capa-
BILE Of making 400 hogsheads Of sugar will
only cost $4,000, Of which $4,000 Is payable in
cash. The Agricultural Bank will furnish the
balance, taking mortgage or the plantation.
The scheme contemplates favoring the plati-
tations by exemptions from contributions and
Import and export duties for five years, grant
ing permission to bring In immigrants, build
railroads and towns and establish an agIl-
cultural bank. The scheme will be laid be-
fore the home government.
The following are few Of the items show
Ing the business Of the port OF Philadelphia
for the year 1878, as compared with the buei-
ness Of the year previous: Exports Of petro. |:
leum 70, 1896. 72O gallons, an increase of over
26,000,000 gallons; shipments OF breadstufgs, E
1892, 624 bushels. and increase OF $4,000, GOO e
bushels; receipts of cotton, ISL $40 bales, an 81
Increase Of 1000 bales; receipts of flour.
g79 $50 barrels. an increase OF more than $780,
boo barrels; receipts OF all kinds OF grain,
70, 577, $50 bushels lin corn alone, 1885,, 800
bushels), an increase OF over 1000, 900 bushels;
receipts Of malt, 100000 bushels, falling off
Of about 10000 bushels, and the wool receipts ,
we're 113, 1922 bales, falling off Of $1,000 bales.
New York merchants complain loudly OF !
The manner in which the Union Pacific Rail- | /
road uses its monopoly power, In combination
With the Pacific Mail Steamship Company
md the railroad across the Isthmus. Mott
,ontent with charging excessive rates for CAL
fornia freight-thls being but natural in car /
.ying company without ompetitors--it insists, s
lswe learn from memorial addressed to Con-
yress by New York merchants, on obliging Its !
shippers to contract with 1t for sending all
heir goods, OF whatever grade, on penalty of
having higher rate charged for what they t.
10 send. The Philadelphia Times thus COM
nents on this: 4
"The obvious remark to New York people
vho complain Of Pacific Railroad overcharges =
Q that they should address themselves to the 0
of their city, which pretend to Y
egard 1t as little less than crime for Con. B
yress to aid the construction OF any other y
abroad to the Pacific, since the line which. ?
vas first built secured Its fat gifts from the '
'ublic treasury. One line only will be mo.
lopoly, and will act like one; nor will the
ase be bettered by the pretence OF a COM
'eting road, owned In reality by officers OF b
he first. Let the New York m archanfs oct