The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-06
Commercial and Financial Matters.

Charles street. for officers Of The Southern A.
rs ne resSsa f. W. Ba Tss 'e secteay
II, Alleyn directors, 7. Hooper, /. I. Alleyn.
L. A. Eve and G. j. Merrywether.
The shippng business 81 the port Of to nd p,
gives az Indication Of the dullness Sc 81 british
OF goods taken out BY ships than In September,
1879. The. returns for the first nine months OF
the year show decrease, compared with 1870.
OF sb1 tons.
AT the election for directors of the Louisiana
Oil Company, held Yesterday, the following ,
named gentlemen were elected to serve for the
s sasSa 9e ysar ba ID way sa dp
Forstall, j. A. DeBLauc
These. were, the directors who conducted 50
successfully the affairs or the Company curing
the past year,
During the last nine months the United States
exported to England 81 ls273o pounds. Of fresh
beef and pounds p mntdo H. ae ne .3t
mentioned amounted In, value to sll,Sss,beo;
There were also exported 1928 $40 pounds OF
butter and 7sel7 44s pnnds OF cheese ,a aM 'h-
erty In North Carolina has increased nearly
$4,000 900 since the Democrats came into power.
In 1870 az the Auditors r snd no. te Prop
$l2opiO.2ip. The returns this year show. o yalu-
alton Of slts 5e4, 5o7. We agree with the Raleigh
gbseruer ttat tlis, is pretty good considering
the long panic and low prices.
Virginia invites immigration and is seeking
10 encourage Il, A committee Of the Virginia
Improvement. and Emigration Society, headed
ny roasSSe %th
object OF inducing emigration to the Old Do
mnion AZ pro2f q the rapid s growth OF the
ago had population Of only 2ooo while now 1t
has 10000; and Richmond has Increased from
$1,000 inhabitants in 1860 to 5,ooothis year. Land
Is declared to be chsap, and the profits from
crops large. owing to the ate lying upon the
seaboara, The rate OF taNaion is also lower
from our exchanges. and we presume are au-
. thentic.
We auote from the circular Of Messrs. Miller.
Dolhonde q Co.. dated November 3. the fol ow-
naaa on as
heavy winds which haye prevailed along the
sippi river to the line at Baton, Rouge we have
to report the crops of cane and rice cut short.
mo the damage in Yield and Waste wiz proba,
In the yield and production of molasses and
syrups, but a marked decrease In sugars this
and continues fair and favorable during the
next sixty days. II there is no ice or killing
frosts to canes before the latter part OF Decem-
haps reinstate itself.
COMPARATIVE SrocKs OF suGAR.-The stocks OF
ana BATH Bamore were as f foowS at eomparave
dates: October %, 1877, s4.s46 tons: Oeober 80,
1876, 1920 tons October 49, 1875 ~ 500 tons and
In New Orleans Ct present very small. with
insufficient for the daily, orders on the market.
but we look for fair receipts here to meet
isfaetorily In selections and prices, 1t is be-
lieved. however. that average prices will be
higher and easily realized this season over last
for sugars but lower for molasses. The crop
of sorghum" In the Southern and Western
States l. large, which affects prices OF regular
PROVISIONS generally unsettled now that
the new packing season has commenced. and
the prices Of hogs and i their new products are
declining, with Indications Of reasonable prices
the coming season and the largest crops Of
the farmers sell their packing hogs ut 81 gross
consumption, would increase aud the trade will
Ross sas nhf s
In barrels, smoked and dry sailed sides and
shoulders, lard in tierces and kegs or buckets,
feet and jowls. for the local trade and for
foreign export buyers are for dry s9lted sides!
and shoulders packed In boxes s, and packers
hams canvased. Of 10 to y pounds average. -,
BREADsIuFrs-Aro, quiet and nominal with
nestle markets generally. and until the political
condition OF Europe is settled and more peace
full. buyers viii be timid and have no confidence
Grain movements. especially of corn. at this
port largely on the increase a and foreign
mixed dry corn In bulk at about 55c v bushel;
Whenever wheat is cheaper than flour they will
take It. as there are -four mills In Europe. when
ever 1t fs more profitable to the trade and con-
sumers In that way.
A steamship Line Between New Orleans
and Rio JaneirO.
According to the St. Louis Republican Com
modore Garrison recently informed a promi-
nent ST. outs gentleman that he would place
line of steamships In the New Orleans and Rio
Janeiro trade as soon as Mr.. Eads succeeds in
procuring twenty-six feet Of water through the
NnYyon, 1Inr fhirfnnD
No. steamships. several of which are now idle
and anxious for a trade. Our river interests
prospect beixins to brighten at last. It's a long
road that has no turn"
Similar offers have been repeatedly made as
we understand, by agents and representatives
of an English line of steamers bringing coffee
to this port from Rio Janeiro. but in every case
ceo e. NV
and having no return Cargo are forcedto take
cotton hence to Liverpool. where they load with
angu ar trip II our up the river friends are as
anxious as some of them pretend to be to re-es-
tablish this trade. why do they not seize upon
the opportunity now presented to them Com
modore Garrison's requirement OF 26 feet in the
South Pass, If the alb we statement Is true. is
81 feet are amply an sucent for the Ia largest
steamers that ever come here from Rio.
Corn and Hogs.
A vast amount of money is soon to be invested
in hogs, and packers are studying the problem
OF supply anu demand with an unusual degree
of anxiety. No class of business men in the
whole country have been more unfortunate in
the last three years than winter pork
packers. and another year as unfortu-
nate as either of the three would prove dis
astrous The difficulties of the situation
have been we'll known Of course the prime
trouble has been that packers have paid more
for hogs than they could realize on the product.
In the winter packing season they have been in
& competition with summer packing centers,
when winter product is sold out in great part
before the beginning of the summer season.
The exclusively winter packing markets have
4 had to encounter at that iuncture the rivalry of
manufactured of cheaper hogs. The logical re-
suits have been that consumers have taken the
cheaper and that winter product has been sac
riiced below cost
The Cincinnati Price Current produces con-
siderable amount of timely information on the
interesting question of the corn and hog sup
ply. The gross result 81 the Price Currents in
! quiries may be stated to be the ascertainment