The New Orleans Democrat. (New Orleans, La.) 1875-1876, 1876-05-19
FINANCIAL AND COMMERCIAL
OFFICE N. q. DEMOCRAT. !
Friday Evening. May ~. 1872 y. m. J
weekly Review.

have occurred uurfng the past week hHFhS ""y
boariug on our financial or commercial affairs;
The refusal of Judge Billings to grant re-
hearing In the suit Of Morris Hanger vs. the cfiy
81 New Orleans applying for y nandaInus U,
e,rs TIE ci,y y rny the grncra ana 'n'"fps. ,a
to meet the same. the appointment OF Judge i.
w Cpllons. Master IN fhaneery. to examine the
accounts Of the city and his notifying the city
authorities that he was rendy to commence The
examination Tho formal placing Of Louisiana
state Consols on tho New York stock bxchange;
the National Cotton Exchange statement ~ lita
cotton movement ~ the United States Tor nine
months. from Sep I, 1875 t. April 10. 1916. more
markets continuance ~ unfayorable tobacco
crop accounts, and further advances ~ pfiees -
Northern ana Western markets. and the hhfd
ening ~ our hour market un1er ahvle"s OF IN
pryveneni in western wheat
The general market has exhibited only q
moderate degree of animation With cotton nnd
tni,aHeo fnatora and wholesale dealers carrying
rather heavy stocks. which created - fatr demand
for discounts both In bnnk and on the street.
, When the offerings have born ~ good snort
Hnper, hey have beeu READILY done hy The banks,
una when Al long .easiy negotiated on the street
Mt onr quotations. Goid rnled mt pretty steAdy
fnioR ~ e. yesterday, when. under y more
liberal supply. The market 1eciined. Hna faiF
business wss done Foreign exchange 0uCtu
afpd IN sympathy with the course ~ gold ut New
York. pnd closed to-day 20 higher than last
Fridays quotations for sterling, with only
limited business having been oonsummafed. ~
Atacke hnys continued dull City premium
bonds have been stcader and stronger Sthte
opnsolR fell on materially nj the opening ~ the
wook. mt subsequently. under thor being
plneed rmally on the New Orleans stock TX
change, advanced fully ~ por cont from The
lowest point they hnd fallnn to. and now rue ~
an Improvement Of about per cent uYer last
weeks closing quotations Of the Now orlohna
Stock Exchange Other city bonds continue 70
be quoted on the bass of city premium bonds,
with tho exception of Old six per cent city con
soldnted which rule qt uaib. and wharf i'm
proyement issues which ara entirely nominal
owing to no settlement having b""n arrived al
hrween the bondhoIders. the city aud The les
secs ~ tho whaTvpa.
Tho cotton marked was rfegul9,, easy and e
lower on Saturday. eteAiier Monday luio'
Tuesday, steady and In good demand Wednes-
day, yesterday and to-day. The week shies
ply was estimated On the 18th by the Financial
and fhronicie nt 2.sGa 0Ot bales against 7sl igD
last year-increase only 25.a95 bales. kilison
| Go q latest English circular computes the
world r supply for the year ending Dat /. 1916 ut
| 2. 2.2ss. 100000 pounds, and the consumption nj
22o2. 900 900 pounds. leaving surplus o 400
pounds, or 2p2 200 bales ~ 400 pounds each. The
stock of cotton held by English spipners was.
according to Watts n Co.'S circular of April 3s
iei 900 bales, against 22.ooo last year and $4,000
/ the year before
| A fair business has beon done in tobacco ai
| full prices. and. under tho continuance OF IN
| favorable crop accounts and advancing priees
| in the North and West. the market is showing q
strong upwardtendoney, Sugar has baon weaker
| and moinsses stronger, but without Inueh
| weak at the opening of the week. but aubse-
1uently. under Western advines quoting ~ i'm
| prDynmeDf in Western wheat the market nara
oned slightly. Cornmaal has shown n material
advance. Grain has been without any marked
| feature 10 notice. nyeept tho advance - huik
| corn Provisions have shown little animation
and scarcely any variation. except in pork
! which has fallen of moderately.
FINANCIAL.
| IN, quotations nrp co,roctpd from ne lnsi snlcs
! repnyi,N af The bioet roifnu and Merchants Er-
| rHa8gca nud from other authentic sources. DlF
fnapciai cotton aad ooms,eciat tetegra"s are ne
intest reoeired.
on tho street continues uf fhir eHteni. with tho
/ rntss Of commercial paper unchanged. We now
i fioie exceptional commercial paper at Ha per
cent per annum, Al DO. i0@i2. and second
There is very little doing in mortgages. except
in FIRST einsa whirb rule ut eeeto per cent per hi-
BANK CLEARiNGs Weeks cleeriues, 81 7Gs.-
b7a 80 balances. 1924 ,jlG g.
NJ New York The market exhibits more activity.
| SILVER American half dollHrs nro sfil
quoted at loo%@loi's currency, ,while neNiean
/ dollars continue IN rule at 10, gold.
7 RTERT,INu Offerings light. demand fhir .
market higher. Commercial quoted hcte at
Sisfebip currongy, hank mb.2 hgnt counter
| rate -mbb21. Commercial Ht Now ORR M 4R5 z,
| misGtb gold. bnnk ~ 'sNeips Il.
! FRANCS Stronger "a fcW sales Mt small quota
nnl. Commercial ut Now York 52o5s@5IHA gold
NEW ,YoEK SIGHT scarce aod II reauest;
premium. Gold checks on Now York sold yna-
te5alay q par , s per- per- cont ,rEftm,a n ,r ,oatnr,
to notice. Last salns prr share sun Insurance
0Gsr's'pf sTXT2f CoNRoLs weaker; quoted e7.acsl
W CITY T''l'T TrnEMIiiM BoNps-Moro IN rcauca
md stronger. quoted ~ s5a a5t y lnsi aidos N
'y'''' couuEHtrsL.
COTTON Market unehonGed; assortment
continues poor; demand fair sales thus tar ~
bales Yesterdays sales embraced $500 bales
ut stnndy rates with the exception Of Il fcN
small dpsirahIe lots which brought u shad'
etifTcr prices. We continue to quote: Lon
Ordinary 7c Ordinary r. Good Ordinary ? .gr
Low Middling iohe. Middling lla4e. Good hld
N"t receipts Of cotton here yesterday 1881 bales
against 3GO same day last y"af.
Exports here yesterday j53s, against fiio SAM
date last year.
stock in presses here Yesterday lG6. .42i bnlns
Estimated amount nnsDld 100000 bal"s, again
Net raeeipts here since Sept. l. 1,g75.743 bales
against o65 CIV same time last year -incr"as'
Exports from here since Sept /. 1.us.5lo bales
against o52. .75a same time last ycnr--increhs'
366, 1876. o. .a. :, :,
/, against ass t44 same time last year-incroHs
625 ,p5J. . 49, -
bales nganst 23i3 9l2 last year-innrease 5i7 ,5JH
Stocks ut all ports I73aG7 baies. against 379 40
last ycar-incrcaSc "a b3l.
Market tending upwards Stock on sal'
10 900 hogshcads. Low lugs 53a@G}sc, eoo'
do C,@7bc. low leaf s'a@a'bc medium leaf % io,,@
llisc. good eaf 12ntl3c, fine leaf I33m15c. s"lcc
tions ib,,@lGc. African -.@1Gfe
LOUISIANA SUGAR ~ Unchanged, Goo
common ,.6p7t,c y ID, fair ARK. good lair q
&C. fully fair -Gsa. prime -Gslac, choice -@
pc yellow clarified 9o91sc. white clarified ofsm
REFINED SUGAR Standard 4 1ol5r 7 p
granuated lie. crushed and powdered II q
LOUISIANA MOLASsES- Dull: common 3
a.2c 4, gallon. fair 4514sc, primo 59@'2r. ch0ic'
ba0p51r.
REFINED M0LASSES- Common ioe fair he
prime soc, choice 55c. golden syrup SOC z gallon
LOUISIANA RICE--Scaree and aulet. M
. 23,GpalAe, common 4t@4j.c, ordinary 43.@j1
fair 5ns.se. good 5i,@Gc prime 6l4@G1sc. choic'
1mT}sc Y h. .
FLOUR-Quiet and firm: common 80 75g- .
bb fine s3M3 80. superiine q ~ ~ donbef1trl
ass 25 low do. - 50tgs 49, good do. $500 70
choice do S. 500G, choice extra 81 25a6 y. rhoIc
family s7aT 80. 49,
CORNMEAI1-In demand and strong. Whole
sailing at --ns3 25 aud Jobbing at -ms5 80 y hb
-. g..r Il