New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-09-11
New YORK, September l0.-The following
is the comparative statement of cotton Tor
the week ending to-day:
MARKETS.
Domestic Markets.

New YORK, September l0.-The Posi-,
financial article says: The feature of the
day is the rise in gold aud the decline o.
foreign exchange, both resulting from the
same causes, to wit-the scarcity of gold
and the high rates established for it's use
by those who control the stock in the mar
ket. Gold opened al lI57s, ruled at 1853 a
ll6 until 1910 A. NJ, when the price ad-
vapced to l16ls, and at 1919 A. NJ. to l164
and remained at 1l6ls 0ll6k until 1910 A.
NJ, when it advanced to 1l6as, and at 1O:47
A. NJ. TO ll6l9. At 1857 A. NJ. it declined
to 1868, and at HOY A. NJ. to ll614, and it
has since sold at ll6ls a 1l6l., the quota
ton now being ll6Qil6is.
The opening rate for gold loans was JIG
y day for use, since which the rates have
been 80, H. 3-l6 u and ZIG, the last rate
having been 3-l6. FOREIGN exchange
continues wholly demoralized. The leadiD z
bankers opened their nominal or posted
sterling rates at $4S3lR for sixty days and
81 S6la for demand. Bills and have since
reduced them to- "a S204 ssh while there
has been little or no business done for first
class bankers. Demand bills have been
offered in second hands at 81 81. and sixty
day at 81 80. The market is in that condi-
ton that it is not fairly auotable and we
may say there are no quotations for COM
mercial bills.
In the money market call loans are 2 a 2ls
v cent, and there is no chan GO in mercan-
tile paper, sac p cent representing most
of the business in good names. Government
bonds strong and higher than Yesterday.
The stock market, excepting Erie which
was up q, was lower at the opening. Erie
Immediately fell % and advanced ", and
thep, with the general market, began to de-
cline. and by eleven o'clock prices had fallen
Y 0ls v cent.
In the next hour there was a recovery of
Il m vuh iah has haan In. Loaf
noon the market has been free from excite
ment, and outside of Erie, Western Union
Telegraph and Northwestern and Lake
Shore, has been dull. The extreme sales
have been a. follows: Erie 1873 al 1874: Lake
Shore 57k 056la; Western Union Telegraph
81 079N; Northwestern 4Ols 1891; Pacific
Mail 3SA 037as; ST. Paul 36as a 1864; pre-
ferred, s3s 0S3A; Ohio and Mississippi
1914 q 1914; Union Pacific 1914 0727s; Mis-
.eouri Pacific ASA DAG, and Atlantic and
Pscifc Telegraph 81 v 02las.
Cotton closed quiet; middling uplands
l4asc; Orleans l4a4c; receipts to-day, gross
50 bales; receipts for the week, net 2OS,
gross 3098; sales to-day 1867; exports to
Great Britain 1909; to France 10; to the
continent $50.
Futures closed firm: sales l9, 900 bales, as
follows: September 10 1882 q 10 7.l6c; Octo-
Der - $3.50; November 10 81 80 a l3c: De-
oember IL 81 1870 l3c; January Is $500;
February 1874 a 10 9-32c; March ID 1920
l314c; April Is ll-l6 a 10 23-32c; May 10 80 80
0l3 Is ice; June IA 3 80 a 40; July l4A q
IA 9 SIC; August 14aa o II 7.l6c.
Flour dull; still sligbtly ia buyers favor;
superfine Western and State "a sos 50;
Southern Hour quiet and heavy; common to
fair extra s. 1896 30; good to choice extra
70 850S 50. Wheat quiet aud firm; limited
inquiry; III 350l AZ for winter red West
efn; 81 1901 "A for amber do; 81 400t SIS
An~ stA l.