The New Orleans Democrat., 1876-06-03

such large business was done the fret fort
night in March that the stock OF goods and
| yarns was pretty well cleared off and many pro-
dueers put under contract for some months
ahead There may be another such period OF
activity just ahead of US If the stock OF goods
and yarns are large as some would have us
| suppose. then the consumption of cotton must
have exceeded the current estimates. and as n
| consequence the supply of cotton held by spin
ners Is correspondingly smaller. That there arc
n good many orders in Manchester for both
goods and yarns awaiting execution. as soon as
| holders think prices have touched bottom. we
| do not doubt Exactly what Ia TO bring about
this impreesion-that prices will go no lower
or what VIII restore confluence, no one can ten
1t may come any day, and 1t may be delayed tor
weeks.
From America our latest advices indicate that
there will be larger decrease In the acreage
| planted this spring than is generally believed
on this side Some few here talk about an in
crease in the area planted and Of crop of five
/ million bales next season. The astonishing
yield Of the past season gives color to such est-
mates. In a few weeks we will have the reports
! Of the several Cotton Exchanges and Of the Ag-
| ricultural Bureau, which may have marked
| influence on our market. If. as we suspect.
there is no increase-and perhaps slight de
crease-in the acreage, this as compared with
| last wear. in the Gulf States and n decrease of
about ten per cent in the Atlant States, the
effect will. we doubt not be to strengthen our
market: and the more especially will this likely
be the case if the crop has made an unfavorahle
start. owing to the cold and rainy weather. as re-
ported to-day in several private telegrams.
From Bombay the decrease in the shipments
to Europe since lst January last now amounts
to 32l 900 bales and as the quaint ty on shipboard
is now about the same rs one year ago we can
expect no material change in the CURES before
the setting in of the monsoon.
This evening our market is depressed by the
reported suspension Of n firm here. with con
nections in New York and known to be largely
engaged in the cotton trade Should this report
prove to be true. ii may lead to further complica-
ions. and tend to cheek any restoration Of con
tdence.
The stock of cotton hold by English spnpers
we now estimate at $4,000 bales against 202 900
last year and 25d the year before at same date.
At Manchester this week there has been 20
relief from previous depression Buyers hold
aloof or only mako bids at very low prices. and
producers postpone making concessions from
day 10 day in the hope of doing better. Quota
tons therefore are not tested and remain nomi-
nailF steady, we now uuo,e, ~ nll'It,hg ~
I'D to s. I'D per piece; No. 40 Mule Yarn iod. iqd
and ND for common good and hest seconds,
32's Twist Sid to lOsd per ID.
At Bombay, for tho week ending 18th inst. the
receipts have been Al 900 bales. against G2.00o.
and the shipments to Europe 53.e00 against 70
600 same week last year The total receipts
from Jan. 10 18th inst have been $4,000 bnlos.
against 1.o1G,o0o, and the shipment to Europe
5l1o0o again $4,000 same period last year
Stock on shpboard si 900. against $4,000 last
year. Latest quotations are: For good fair
0omras 4',d. cost and freight. and for 81
shirtings 4r ia at Bombay, and IT iia at Calcutta
FINANCIAL
Op' quotations are co,7'ected from Hte last safes
1'ppotfef a. The Sfoch. foton ard Me-rhaHts' Er-
changes and fi',lu other authentic sources. OiT
fttancjdi, cohoa and commercial teiegraDts are the
i1test receired
The demand for discount is moderate, both
in bank and on the street, but without any
quotable variation in the ratios Of commercial
paper. We now quote exceptional commercial
H. and second grade 15ot1S.
First-class mortgages continue to rule ai 9@to
per cent per anpum. while second grade are en-
BANK CLEARINGS-Da cearings. sa27.-
900 81 balances. sr6i 66s 80.
GOID-Now rules Mt lt2's@ll21s, against 49,
at New York. The market exhibits less activity
SILVER lt-Amcrican half dollars are quoted
nominal at lOnu i00la currency, while Mexican
dollars rule Mt 81 oI6o1 0lls currency
STERIING-O Offerings light; demand mod
crate; market lower. Commercial quoted here
counter rate -@552. Commercial Mt New York
ut is5 isots6ls gold. bank 4s7 ',t@ts7',.
FRANCS-Dull. Commerciai quoted here q
$40 s@51s'i gold. bank 5.167s @515.
= NEW YORK sIGHT-Quiet and unchanged
premium. Commercial sight i4@e-32 premium.
STOtkS-Dull and without any new feature |
to notice. excepta marked advance in Carroll |
STATE CONSOLs-Lower; quoted nominal |
" CITY PREMIUM BoNDs-M Moderately active
STOCK ENCHANGE-Last sales: 6s shares |
Sugar Shed Company s73 30, Carrollton Rail /
road slo5 50. 1000 new state Gonsols G5sa6G. |
s27 900 Premium Bonds 35 9n35 =, 5000 old City |
Consolidated six Per Cents at 45.
COMMERCIAL.
COTTON-Unaer a steady feeling at Liver |
pool. and an advance of l-l6 in spots at New |
York. together with nm improvement in futures
and liberal business there factors are quite
stiff in their pretensions here. but buyers do not |
seem worry anxious to meet their views, conse-
luently the demand Is limited and nothing has
ranspirod on which to base any change in
quotations: but when we left the market prices
were generally considered stronger and it was
believed that quotations would have to be raised
his evening.
THE COTTON EXCHANGE-Reported sales
1000 bales Market steady. quoting
~ follows: Low ordinary 7lac ordinary sac,
good ordinary 9'S low middling loic, middng
1sc, and good middng 12ic.
DAYS net receipts of cotton here 9l3 bales.
against 3l5 same day last year
Days exports here 15lo, against 1856 same
late last year.
stock IN presses hero $1,000 balae Es-
imatcd amount unsold 10000 bales, against
Net receipts here since Sept /. $50 l6G bales
lgainst 9131t5 same time last year-increase
91 321.
Exports from here since Sept 1. ACC. .l61 bales
ganst l,osG.571 same time last ycar-increase
81 $50
Receipts at all ports since Sept l. o2o .372 bales
against 9.658.794 same time last year-increase
81 ,55S
Exports from all ports since Sept. l, 29C8 GG5
,aeS. against 2,46g 797 last year-nerease 49s .8G2.
Stocks ut all ports 4oi3il bales. against 293.553
ast increase llo6s8.
TOBAttO-Market active and strong. but not
uotably higher. Stock sale 10000 hhds. Low
ugs 5ls@6lsc good do. Gi@71e. low leaf 8la@9isc.
Medium leaf tola@1l}ac. good leaf I2@13c, fine
eaf 135n15c selections Is s0plGc African -p16sc.
LOUISIANA SUGAR-DuI and unchanged;
.ood common -17iac T. III fair -a72. good fair
-eo8c, fully fair -6osi4, prime -@pS1ac choice
-6e9c. yellow clarified 9@9Yac. white clarified 4
Ism1Oh.
REFINED SUGAR Standard A 1olzc u h.
11c crushed and powdered HE
ut loaf ia.
LOUISIANA MOLASSES-Quieta and steady; {
ommon 3sgt2c y gallon. fair 43@46c. prime 81
95lc. choice 55@57c
REFINED MOLASSES-Co Common 4oe fair 45e.
rhine soc choice SOC, golden syrup SOC = gallon {
LOUISIANA RICE-Scarce and quiet. No.
24ma4c, common 4i4094lac, ordinary 474M5c,
air sos lec, good 54@6c. prime 6A@6lsc. choice
al &c z ib. :
MERCHANTS EXCHANGE = Yesterdays
ales: 500 sacks white mixed corn (burlaps) Csc
50 do. 66c; $50 white. 67e and $50 mixed corn. /
&c: 1l10 sacks yellow corn 73e, and 150 sacks St. !
.ous oats. 40c. Sales to-day: 5000 bushel corn
. bulk to arrive. 55c: $50 sacks mixed corn, Ode;
30 do. Csc: $50 white. Gee. and 800 choice white ,
Ic: 150 sacks st. Louis oats. 40c, and $50 Galena
o.. 45c, and 300 bran 92lac
FLOUR-Quiet and strong. with some de-
land for export: common -0Qs3 90 y bbl, fine
50G3 rs. supfsfine "a 81 double extra -0s4 so.
wv do 81 75a5 90, good do. S. 25a5 50 choice do 6