The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-24
Commercial and Financial Matters.

Algeria. with 90 33e bushels Of corn In bulk, and
the steamship Delambre. for Liverpool, with
M ssh bushels of commanding O total of ship
ments Of 60 904 bushels.
The New York Herald publishes table show
ing the fluctuations in the value Of silver for
the past ten years. 1t shows that from 1866 to
1878 the price was remarkably steady. ranging
from Ga pence to 90 u ounce.
/. The Philadelphia Board of Trade is coming
to the front with amemorial to Congress, ASKING
the passage OF u law to fund legal tender notes
In forty year per cent bonds. the funding to be
done ut the rate of $40 per month. or until
legal tenders shall be at par with coin.
We are glad to perceive that some Of the ships
coming here lately from Liverpool, instead OF
loading with ballast, are bringing salt to this
market. Yesterday two ships came In with salt
viz: the Cosmo, with 5000 sacks, and tho Endy-
mion with 1850 sacks-making total of 1880
sacks.
dispatch from Cincinnati states that pc
titton Is in circulation among the wholesale
grocers Of that city. pctitioning Congress to
make the duty on sugar so much per pound. re-
CARELESS Of color or quality. We deem 1t mop
perfume to comment upon this petition until
we get 1t published In full. though wo are in
clined to think. from its general tenor as given
BIZ telegraph 1t is aimed at the Northern re-
finers. and may prove beneficial to our sugar
interest.
The proposition of the Tennessee bondhold-
ers to accept sixty cents on the dollar Is heartily
endorsed by many Of the State papers and will
no doubt be generally approved by the people
Senator Harris in a letter from Washington
expresses the earnest hope that the Legsla-
ture will promptly accept the terms of adjust
opI nd ba tbar
give up every dollar Of property he possesses
than see the fair name OF Tennessee furnished
with the stain of reputation" Postmaster
General Key also addresses Gov. Porter to the
same effect
The coffee war between the New York iobbers
and the Western buyers still goes bravely on.
At meeting held in Cincinnati yesterday a
large number of dealers Of that city. in this ar
ticle, resolved to resist to the bitter end the Of
forts OF the New York brokers to control the
shipment Of coffee from that city, ut the same
time expressing a determination to send to
Southern markets for their supply of the ar
ticle Here Is chance for our New Orleans
coffee men to extend their trade. and we earnest
ly hope that they will seize upon tho oppor
tunity with promptness and avidity.
Statistics of the increase of population from
natural causes. that is to say. from the prepon-
derance Of the birth over the death rate. are al
ways interesting, and Messrs. Sadler. Hofacher
and Banlanger show that where the age of the
husband much exceeds that of the wife, ia boys
are born to 100 girls. Their researches tend to
the conclusion that the usual ratio is LOG to 100
in Europe. In tae Mohammedan countries Of
Asia and throughoutthe Turkish Empire. how
ever. there are more males born than
females This is singular. because it
hne a~alI,, ,t.I that ,,I,n.
ever polygamy is tolerated there the
reproductive energy is shown chiefly in fe-
male births 1t is nice question for the invcs-
tigation of psychologists. While upon the SUBJ
ject of statistics, it is worthy of remark that,
according to the latest returns. the Mohamme-)
dams of Turkey number as nearly as possible
SO per cent of the total population. and that in
Russia there are great numbers of Calmuck,
Bhuddists. Shamans and other heather who
maintain with the utmost pertinacity their
idolatrous rites.
Cotton factors few weeks ago were complain
Ing Of buyers having no orders. What eff rts
Buyers have orders for five times the amount
of cotton that is here and are expecting MORE
[Vicksburg Herald. 22d inst.
The statistics of the foreign trade for the first
quarter OF the current flsca year show the eX-
cess of merchandise exports over imports to
amount to SIC O32 ,613, against an excess of a.
s7oe7e in 1876 and deficit Of s22 l2Ssl7 in 1875.
So 270 213 in the first quarter of 1877, against So.
!ssssi in 1876 and $3.50, $50 in 1915 The
Combined. IN The first quarter Of 1877. was SIS.
sos l62. against an excess Of s37 459 $40 in 1876
and deficit OF 3d. 1922. The September ex-
cess In merchandise exports was Sl4 927, 1O1,
against an excess Of 50. 1882 in August and
a deficit of s2,s64 900 in July. In September
the imports of specie and bullion exceeded the
exports by $567 271.
The Memphis Market.
While the financial ket is gradually get
ting easier and currency is more plentiful. yet
the confidence recently felt, as being on the in
Of the Weather Which p png
havoc with the cotton prospect-our only re-
source to square off unpaid accounts and keep
is sensibly felt in the financial market and its
slow shipment to the East influences Increased
depression in all business circles. Oul' bankers
report moderate volume of currency, receipts
from the east and free shipments Of the same to
the interior for the purpose OF filling, the de-
mands OF country tradesmen and cotton buyers,
as compared with the wretched weather for
gathering that still in the field, is not Calculated
to inspire bright feelings for some time to come.
Owing to the. gloomy prospect for gathering
cotton, and the fact that credit has been to some
cof ny ys sss as
that they laid in liberal stocks of goods in the
fail. in anticipation OF lucrative fall and win
ter trade. grave fears are now entertained re-
garding the ability Of many small dealers to
weather the storm and carry their creditors
over another season. Their only chance is for
the weather to clear up. SO as to enable planters
to save all of their crops and thereby SQUARE UP
their unpaid accounts.
The rate of interest is steady att to 10
per cent for moneys loaned by the banks and
other corporations having surplus funds to
spare. Very little paper offers in the open mar
ket but discount rates on the street ARE stiff
from 10 to IS per cent.IMemphis Avalanche,
22d inst,
Corn.
The receipts of corn for the past week indi-
cate that the movement from agricultural dis
tricts is not as heavy as it otherwise might be
for the season of the year, as only 1873 $50 bush
els were received during the week, as against
1862. $50 bushels for the week previous. The mar
ket. as a whole, has not possessed much life in
any salient feature of its demand, whether the
same was local or Of shipping and exploring
character. Values were not changed TO any
material extent but the tendency. however, was
moderate quantities for some days past. the de-
mard for which has been quite light-[Ste Inllis