New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-07-29
MARKETS.
Domestic Markets.

NEW YORK. July 28.-The Posts finsncia
article says: The excitement which pre-
vailed yesterday in Wall street has been
succeeded by quiet feeling, and now that
the matter is better understood, it is I'D
parent that there is no reason for expecting
other important suspensions on account of
that of Duncan. Sherman g. Co Very little
that is new is known in regard to the affairs
OF that concern, and probably little more
will be known until the appearance of
statements which ex-United States Judge
Shipman, assignee. ia preparing. The losses
on cotton undoubtedly had much to do
with the suspension. it being understood
that over 100000 will be lost on present
holdings. In regard to London GORE
apondents Of the firm, the Union Bank Of
London and Barring Brothers e. CO., it is
Understood that both are protected, and IT
said that both had been guaran iced by Mr..
Alex. Duncan. father Of William Butler
Duncan, and gentleman whose wealth in
computed by millions sterling.
Only moderately active business is do
ing at the Stock and Gold Exc ,anpes to-
day, and there is an absence OF excitement,
although an effort was made to create q
furry by reason of the stoppage of the
Commercial Warehouse Company. Secu-
rites are generally higher than yesterdav.
Gold opened at 1l3A. advanced to ll4E.
declined to ia and has since sold ut lI4M a.
ll4A. The changes in the premium have
been influenced by foreign advices. Those at
the first were to the effect that English hsr-
vests were loekinelbetter and gold advanced.
Later came private advices to bankers re-
porting buOyant market in London for
United States bonds, and gold declined. OF
course the market is more sensitive than
usual. On gold loans the rates have beeu
l-3201 l-l6 and l-64 v day for use and
tat. Foreign exchange is nominally 81 81
and "a ~ for prime bankers sterling, with
"a S6h "a ~ and "a S9ls 04 80 ae working
rates.
Government bonds are 10 a u higher. In
tho money market the quotation, for CALI
loans is v and prime mercantile paper 3A
05.
Soon after the openir of business it was
knO IN that the Commercial WarehousA
Company, had stopped payments. This
company began business May l, 1867. with
owned mostly in Cuba, and the main
business was advancing on sugars. The
O1hcers OF the company say that the sus.
pension was fastened by the political
disturbances in Cuba. although directly
caused by advances on sugar. that the in.
debtednees of the company js held in Cuba.
where said stock is held; that the company
had no connections nor relations with Dun.
can, Sherman T. Co. Its correspondents
are In Havana and other points in Cuba.
1t has no European correspondents nor any
agencies in this country. The failure.
therefore, has no significance as respects
Duncan, Sherman &'Co. and none outside
the trade with Cuba. Particulars as tn
liabilities were not furnished, the vice pres;.
aonts say ing mat they were not accurately
known as yet.
Stocks active, with better feeling, New
York Central lO3A; Erie las; lake Shore,
6OA: Illinois Central 97k.: Pittsburp 81
Northwestern, common, 40b, do preferred
SAN; Rock Island lO4A.
subtressury balsnces.-Gold S35> >ls6.si7;
The sub-treasurer paid ont slO6, 900 on ~.
count of interest, and 81, 900 tor bonda.
Customs receipts to-day $685.. 600.
Cotton closed frmer; uplauus I4Ae. JIr.
leans 4Ac. Sales GAS bales. net receipts
none; gross q; consolidated net rsceiDts
1888; exports to Great Britaiu 445: tc.
France 636;. to the continent 400.
Futures closed strong; sales 81 900 bales. ~
follows: July l3 1916; August I3 81 -320
lac; September l3 IS l6 l3 81 &c: O,tobe.
l3 90 32c; November I3a. ID Is SO: Dscem.
Der l3 25-32c; Jan larv I3 81 81 "a Ac; Febru.
sry IA 3l60H 732c; March ID 7-l60.
IA Is 32c; April Ii 2l-320 q 14I: :.I6c: Nav l4z
q IA 20 32c; June Is lI60l5Bc.
Flour dull and heavy; i0Q l5c lower;
Southern iOur-COmmon to fair extra S. 6s
u y ~; gOO0 TO cnOlC0 extra $6 4508 2y
Wheat closed frmer: better inquiry: fher,.
is large demand for spot and deliverr
this week, chiefly for filing contracts: 81 81
al 40 for winter red Western; s. 4ISk AZ
for amber do; 81 30l As for white West.
ern. Rye quiet; 81 l20l ID. Barley quiet
and steady. Corn-Betrer export and fais
home trade demand; 82083l1c for steam
Western mixed; 81 0S6c tor sail do. Oats
irmer; 6O0 Gle for mixed Western; 6.
06sc for white do. Coffee-Rio uuiet
and very firm; l7h 02Oe gold for ear4oess
IN 2lc gold for job lots. Sugar dull and
in buyers favor; Z y 08Ac for fair /. good
refining; Sasc for prime: no sales of msenis
tude reported; refined dull and easier: ljs1e.
for standard. l07s o lie for granula, I'd. liz
0ilAc crushed and powdered. Aloiasses,
4u,ss rns"., an9 nsm. no Kosln firm; g. 7o0l IS.
15034c; Texas l5u35. PORK
closed firmer; new mess go 25oal lard
heavy; prime steam No. Whisky st...dv >
u u. FreiRhts frmer; cotton Ad.
CHICAGO. July q -Flour aulI snA sror,.
I002fuU1D on 1oUE1R Rkoa1