The New Orleans Democrat., 1876-05-26
FINANCIAL AND COMMERCIAL.
OrrItH N. o. DENocRAr.
II Ia. - - :, sKr Sts-a n :. -.


weekly Review.
| Tho week has passed without any remar kable
| event occurring In financial or commercial cir =
cler. The movement In the general market has
| exhibited only moderate degree Of animation.
with the demand Tor money both in bank and on
| tho street less liberal
| Gold has fiucttiated slightly IN sympathy with
tho market Mt New York aud closes to day l-iec
higher than ON last Friday fair BUSH ess has
beep done
Nilvnr Is now quoted entirely nominal
Foreign exchange followed the course of gold
ni Now York. md waH quoted at tho close to day
at about last Ffidays quotations. owing to tlio
moderate movement in cotton. the movement
has icen rHihrr liutsd
Tho offerings Of New York SIGHT have been
lib0taf. aud, though met by pretty fair demand
tho market has declined slightly for commercial
Securities hays shown fair degree Of api-
mutton.
More activity has boon exhibited IN sincks
Sfnte opnsuls hnvo heen less nntiye and little
lownr. while city prem, ium issues have rul"d nt
itregulnr rateH. bat closed te- day stoadv and
strong. Nothing has been report IN Old sig per
cont city cOusuidntad. but thny nre held at about
A.. while whatf Improvement issues continue
entirely nominal
Tho Fnpinfs and Traders Insurance Com
many has declared u semi annual dividend "
10 per cent on Tho capital stock aud 20 pet cent
10 stockholders on their not earning paftieipnt-
ing premiums. and tho Crescent Insurance
COMPANY. hiior pnyng tho annual Interest of 10
y "
dividend Of 20 per eopt payable IN cash On and
AFTER The 18th day uf June. 10 those parties in
surfing with the company entitled 10 receive the
sumo.
Under depressing intelligence from Iivarpool
and New York cotton hns . exhibited but mode
tn,n degree Of animation the week snlns sum
ming NJ thus far only il,~p bales ut Irregular
aud lower prides. On saturday tho market nd
ypuend ',e for iowotdinary and 'sc for ordinary.
closing sendy. but Monday lost 80 II The
Improvement, not only on low ordinary and or
dnarv. but on nll other grades HlsO. closing dull
and irregular: Tuesday y continued duli nnd
Irregular. md closed IT, lower on all grades :.
"Wednesday il ruled ut unchanged prices, clos
ing Slender. Thursday il wns H. lower Tor good
ordinary, Icy ,pidJlng nhd middli1g and ~
For good niddling. clpsng easy, ana to-day II
has ruled thus inr ni irreA ulni nnd easiet raes.
Tho worlds visible supply. "a made by tho
Now York Fvtnpciul amt tpyurapteiai Gfyonisie
In last Friday was 2.77q 27p hnios. against 2.sI5.
mp last year decroase AG."3e.
Watt Co.'s Liverpool cotton circular. Of May
g. saya:
The demand for cotton has continued very
limo1 but not sufficient to absorb tho aunnt
" pressed for snle md hence prices hayo rnlod
Tho further decline teleeraphed from iiver-
pea,l during The week has. no doubt. boon due to
stocks of cotton hnll by English spinners on the
9Th estimated nj iG2 oop baics. against 2jJ oop
last ycar and 2a6 900 the ynnr before.
In consequences Of uniavorable crop nj
yanres aud u good domnnd, md advancing
prices NJ all mnrke Tobacco has been stronger
hero. md The sales that hnve beon consurninnted
instances NJ slight advance, but the advance.
bowesor. has not been sufficient b. requiro any
change In our quotations.
Sugar and Molasses have continued quiet and
unchanged and little movement Is expected
until June.
Flour hns continued firm Mt unchanged prices
and Is only In moderate request for export aud
the local trade. and has been without any new |
feature 10 notice except the arrival ~ half saok
flour, sent tp the Merchants Exchange from |
Tpdd's Mils, Dallas county. Texas made from
wgen rHiaed this year In That Sthto.
lnat week advaneo IN corn meal hns not |
been maintained. md Tho market now rules |
fully 75c per hushel lower.
Grain md iaad have bcen moderately aetlye, |
but without any marked feature to notice except
some large sales of bulk corn Ir lower than Inst |
week. Tho market is now bare. and arrivals are
bsld ahGe
Owing to discouraging Western n1yices Pro |
Visions have boon uniot and weak with n fow |
aalea nj slight decline from Inst week . quota
ions -
O,t' g,,oiafious are eo,yecfed from he Inst saies
report,d ot he Stock, foffOn ami NcyeidAfs' Er-
changes and f-om ottp authentic sources Oeu'
financial, coHon and commercial frfegrons are the
'dcst rereired
The demand for discount is loss liberal both /
In bank and on the street. but without any
luoiable variation in tho rates. of commercial |
paper. We now quote exceptional commercial |
paper n, sGb por cent per annum /. Al do. 100
u, and second Crude lb6aI8.
First-class mortgages continue to rule nj pb 10 |
per cent por anuum. while second grnJe ate en-
irely nominal.
BANK CLEAHINGS-Wcek clearings, ~. .i5i.-
2B 90 balances 1854. .4s3 40
GDbD-Now rules Mt it2a@tt3 aghinst Il2a
1t New York. The market exhibits more activity.
SILVER American half dollars ,are, ,1uotod
lominal at i00's s1l01 currency. while Mexican
iollars now rule ut 81 0l@l 029s currency.
STERLING Offerings light: demand mod
rato mnrket stronger. Commercial quoted here
ate --60s5i. Commercial Mt New York Mt 49,
bpG y gold. bank 4s7s@tas1s.
FRANCb-Stronger: n fow small sales mt quota
(,HmmarpiUj uuOtpd |
,orpinal. Commercial Mt New York 5207s eob1sa
,od, bank b.1e. eo5,lsH.
nd less demand. md custer for, commercial.
tank checking rate on New York :. per cent
'remium. Commercial sight Aco0-32 premium.
STOCKS-Dul and without any new feature
STATE OONsOIs- Lower quoted e7l@c7i
CITY PREMIUM BONDS-Active and firm
HyiSa sTOcR ExCniANGE-Las. sales: $4,000 City
'remium Bonds nj 35iD36. and 800 per diem
tate Warrants Mt ~.
COMMERCIAL.
COTTON Under IA fht and irregular market
I Liverpool. and quiet feeling ut New York
40 demand is moderate and prices are rrcs,u
lr and oasicr. Sales thus far 500 bales.
THE COTTON EXCHANGE Reported sales
esterday. $500 bales. Market easy ut tho close
nd tsc lower for Good Ordinary. Low sliddiing
nd Midd!ng, and Ac for Good Middling and
,nry % re &C. good ordinarys4, low OWN %middng io3c, Il
,iddling llsc and good middIing i2ic d
Days net rcceipts Of cotton here $50 bales y
Ranst iGl same day last year.
Days exports here 1900. against 200 same j
ate last year.
stock in presses here ZOO bales Es- {
mated amount unsold 10000 bales. against
800 same date last year.
Net receipts here since Sept. I. 1866 O56 bales
gainst 97O1O0 same time last yenr-increase \
u. 9Gd. 8
Exports from here since Sept. l. .422 ooG bales,
yainst on .3s9 time last ycar-incrcase 3,
i .G1T. n
Receipts Mt oil ports since Sept l. 4oot 2t5 bales
sainst a375.4sl same time last ycar-increase
" ,7GI.
Exports from all ports since Sept. 1. 1882. .377 J.
,lcs against 24tG. .oOG last yearincrease 515. Al
Stocks at all ports 1872 800 bales against 3G.408 >
st year-increase So .901.
stronger but net 1uotably L
ghcr Stock on sale $500 hhds Low Jugs 3 l,6e
sc. good do. 6l@7sr, low leaf s1sm91sc. medium l.
af lolam1t19c. good leaf 12Gt3c. fine leaf 49, .
15c selections lb1sMlGc. African -Gp1Glc. >
LOUISIANA SUGAR-Quiet and unchanged:
,od common 7'a@71 1,c y 10 fair -c@7A. good fair
Gesc. fully fair -0p8a. prime -as1zc. choice
@gc. yellow clarified 9@91zc. white clarified s
sM10k.
REFINED SUGAR-Standar A 1oj9c . Ii. s
4