The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-10-12
G Commercial and Financial Matters.

The flour trade, as far as expectation Is
concerned, Is now at very low ebb. Espe-
cially is this the case as regards Cuba. There
seems to be little or no demand for that
island. The fact is, as we are informed by q
prominent merchant OF this city engaged in
(. the trade, who has been recently spending
several weeks In Cuba, there have been large
shipments of -four to the island from Spain,
and the stock on hand, when he left, amount
ed to 1000 barrels or sacks--all from SPAIN
Some Of our Western contemporaries are
felicitating the country In general, and COM
mercial communities In particular, on the
opening Of the South Pass by means OF Eads
jetties, which they contend will afford new
and advantageous opportunities for revlvlng
trade with Central and South American ports
4 These gentlemen evidently forget that the
numerous vessels which in ante bellum times
piled between New Orleans and those ports
were, of necessity, small draft, drawing but
few feet Of wat water t At all eg ana "
water on the bars at the mouths Of the Misss-
sippi, whether at Southwest Pass or Pass-a-
f0utre. The requisite capital and enterprise
are the only things needful to re- establish
this once most lucrative trade.
AS is well known, the city Of New Orleans,
prior to the war, was the great coffee market
81 the United States; its imports OF the
fragrant berry far exceeded those Of any
other city Of the country. There was o com
bination of circumstances which led to this
result, OF which, at this time, 1t is unneces..
sary to make mention. Now New York and
Baltimore have the call, there being but q
very remote chance chat New Orleans will
ever resume it's old supremacy In this trade;
But this season has commenced well, and
arnfsy h4 pp t ihs time Ws 6Sye
.ceived from Rio Janeiro $4,000 bags, against
10000 bags last year for the same period,
showing nn excess of 80 600 bags, while there
are now on the water from the same place, en-
nrf fhp la m
OF 10000 bags. Notwithstanding this excess
or receipts over those of last year, our mer-
chants engaged in the trade find no difficulty
In disposing of their stocks at remunerative
prices The supply of coffee has not been,
nor Is there any likelihood Of its being, In ex-
Gees OF the demand.
Quite a large proportion of the coffee
brought to this market comes In steam YES
cargoes Of cotton. and thence to Rio to load
4 for This market. If our Western friends are
SO anxious for direct trade, why do they not
soharter these ships to carry flour and other
produce to Rio? More anon on this subject.
specie i'm Germany.
Since Germany became consolidated em-
4 pire and determined to wipe out the old mis-
scellaneous coinage Of the many principalities
/ of which Germany iscomposed the amount of
new coin struck Is $3.50, 100000 The popula-
ation of Germany is not SO great as that of the
United states, neither Is the commerce of
Germany SO extensive as the commerce OF the
United States, therefore the proposition to
xITA $50, 600, 600 Of silver dollars and exchange
\ them for greenbacks does not, as some might
suppose, involve any over supply OF specie In
this country. Several years would be con-
sumed In effecting the exchange, during
would quietly absorb the silver and would
have only 81 each, counting the population at
\ 40, 000, cool How much better 1t would be to
/ wipe out the greenbacks with silver dollars
AItsr, rfff A ma, ppfhr Rxy mr.
4 we pay debt off. BY the other we exchange
n small debt for big one.
Planters and Merchants.
tvicksburg Herald, 1oth.l
we understand that some of the planters
near Edwards have joined the band of the
foolish organization and intend refusing to
deliver their crop to the merchant unless
I allowed the price of fifteen cents per pound
4 difficult to imagine. The merchant in good
faith made the advances on the planters
i crop, and is just now pushed to the wall to be
1 able to meet his outstanding obligations
/ The law gives him the right to the product of
1 the planter under the lien law and that right
has, in nearly all cases, been carried out in
4 the best interest to the merchant and pro-
5ducer and with view to sustaining and fos-
I tering the planters interests from year to
I year.
Just now the action Of the planter is
fraught with considerable injury to the mer-
chant. and If persisted in, will lead to wide
spread feeling of distrust between the parties,
and in numbers Of cases to bankruptcy. What
effect it will have during the next crop year
! II not difficult to imagine. Planters will be
unable to 20 ahead with their operations,
merchants withholding. the necessary means
I IL properly G arry on this great interest.
I 1he cotton news continues to be good from
Eday to day. English spinners who have kept
souf Of the market SO long have becoTae fright
ened over the probable scarcity during the
Snext few months, and are daily heavy pur-
9f.besers on the market. With their entry on
gthe boards Of purchasers, comes the opportu-
lrifv for spectators to go In, and both to-
e.,nfher have rapidly advanced quotations
amounting during the past week to 3-16 OF e
sso,snv nfi pound. cable dispatch received
II n 1Tssl flrlnans ON Saturday stated that the