davidaulloa/AmericanStories huggingface dataset:
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-12-29
FINANCIAL AND COMMERCIAL
MONETARY.
OFFICE NEW ORLEANS DEMOCRAT,
Friday Evening, Dec. Is. 1877.
NEW ORLEANS CLEARINGHOUSE.


Throughout the week the offerings for dis
counts have been large. and the counter trans
actions of the same magnitude. On the street
but little paper has been offered and rates are
steadier.
Exceptional commercial paper e01o v cent
Al do 12@15: second grade do %: loans on
eollateras so12: Al mortgage paper s01o:
Gold quiet and steady
Foreign Exchange easier and quiet.
Sight steady.
State Oonsols weak at 775s0e7s,
Premium Bonds easy at 33@33's.
Stocks quiet.
Gold opened in New York at 1925. and closed
at 1o2ss here. 1t opened at 102A@1o3. aud
closed at 1o2,.a1osH; sales.ssooo at 1os@1os.
STERLING SALIGS-GsoOo bill lading at 400
@49014, and f250O at 400. Bank sterling, -@492h.
Commercial 4ssh@4s9h.
FRANC .SALES-2Oo.ooo commercial at 5.15
10000 and 100000 do at -. Bank francs -
commercial 5.16A@5.15,
SIGHT SALES ,ooo at Tie p cent dis
count Bank sight 4 y cent discount; COM
mercial 7-16 " cent discount.
STOCKS AND BONDS.
The following are tho weekly quotations OF
the New Orleans Stock Exchange:
STOCKS.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-12-29

We have omitted The unimpOrtant returns Tor
lack of space. The Controllers table. from
which the above is complied, shows that the
the year were ss.l75.960 so. and those of 11os
banks for the last six months, s1 ,757 ,627 40 to-
tai, $40 933. 5s7 &c. The losses for the preceding
year were: for the first six months. S. SOL 1859 80
and for the last six months s13 ait 1856 60: total
s19.719.026 40, showing an increase in the total
losses for the current year over those OF the pre-
ceding year of s214561 81.
This slight increase is of no special import
ance. but the main fact shown by the tables Is of
very great Importance. 1t Is true that the losses
of banking for the past few years have been
exceptionally large. but surely there ought to
be- some change in banking methods, when such
losses as these occur. Take these six great
cities as examples. Their losses for 1875 and
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-12-29
COMM ERCTAL,
OFFICE NEW ORLEANS DEMOCRAT. I
Friday Evening Dec, 49, 1877

GENERAL REMARKS.-Th bad weather to-
day had some appreciable effect In intensifying
the dullness in business which has been the
rule for days past There was, however. a good
demand for cotton. especially for the better
grades and 5000 bales changed hands. During
the week just past. notwithstanding the gen.
orally unfavorable news received from Liver
pool and New York, there has been but a small
decline in prices in this market. and that was
confined to the lower grades. the better quail
ties showing no change and ruling steady at
closing quotations.
The receipts of sugar amounted to-day to
1908 hhds; sales 1893 hhds; q poor showing for
this season. The demand has been good dur
ing the week. and the market closed firm.
OF molasses there is superabundant supply
of low grades and of the frosted article. which
are difficult to sell. The market is dull and
nominal.
The stock of flour continues large. with little
or no demand for export. Transactions are
confined to supply the local trade.
In pork there has been very little done during
the past week. and an inconsiderabe variation
in the market-it opening at s12 75 per Dbl. and
closing at s12 5Ot012 rs.
Dry salt meat has declined i4c y ID during the
week, and the market closed dull.
Hams have declined 1s@1c on prices last week
5se s sPa eaay reached bales
showing that the demand was good. Liverpool
remaining steady on spots and New York high
or on futures, our own market, notwithstand-
ing the enormous receipts OF the week, was
steady at yesterdays quotations.
In reviewing the business Of the week 1t is OBJ
served that the sales reached $4,000 bales.
against 42.75O last week and $500 week be-
fore last AS compared with last Friday. PRICES
show a decline Of 4e on Low Ordinary and Or
binary. and &c on Good Ordinary all the other
and better grades showing no change, but rul-
ing steady at the closing quotations of last
| week. The attention of the reader is directed
particularly to the details Of the movements at
| this and other ports given below. At this port
the receip reached "a 070 bales. which gives us
| an excess In the receipts since tst Of September
! over last year Of 22.745 bales
The official nl0ainp nuntatfnnS of the COTTON
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-12-29

weather. did not get off last evening, but win
leave for ODelousas this morning at 10 q. m.
by Telegraph
vIG1K as s1I Dec. 2s.-To. G. g.. Wayne, Ios
Saturday night. - - IN oA '''' .AA'"
JOHN 8. PATTERSON, Master.
Exchange Clippings.
EVANSVILLE, Dec, 25. s:1o D. m.-River rising
has been good to day. considering it was hoH-
day.
standing. She takes two of her barges to- the,
bends above f. night to load with hay One OF Of
The Robert Mitchell down at s D. m having
lacked fully eoetons Of being loaded. She added Jed
about fifty tons from Hum phrey a Vaugilp.
Southern freigbts are scarce, as the Sam Rob-
erss and baIges have engaged about oil that is
awaiting developments for q trip.
Courier journal. December 20:
1t would seem that too much railroad and too
much barge line has killed the legitimate conn
merce and trsle of ST. Louis and starved out
first Glass boats, as We learn that several of
their bfag packets are forced to load Ct New Or
points Business around there must be- duh.
end Che Boston Of the Vest is letting the
her We Of Koe sit still and fs ssy aYae linn
Tiger Shake him Bulgerp'
Memphis Avalanche. December 81:
The Soudder left for the south last night with
1000 i. O. bales cotton, and was to add $40 bales over
at Hopefeld She had light passenger trip.
The Andy Baum. for the Ohio, with 795 bales
cotton.
The Church passed down during the AFTER
noon without business here.
A part OF the cotton saved by the Hard Cash.
after It went afioat in the river from the broken
guards ofthe Belle Of Texas was brought to
this port OF si5 per bale and part at Is per bale
It was mostly consigned to New Orleans, and
the largest consignee is Magee, Snowden d Vio-
lost. The insurance offices of this city sustain
very triffng losses, the heaviest part falling on
the off .es at New Orleans.
The Port Eads and bargas went Tuesday
morning, adding barge loaded with oil cake
here
:, The little steamer Nodine. Captain Oscar
Postal, came out of the Cache into White river
last Monday with 100 SKIS OF seed for the oil and
seed cake mills at Chicago Ill. The mills at
the latter point are large seed buyers here
abouts, and they ship from here up for about Is
per ton. Their process differs from that i'm
vogue hereabouts. in the fact that the seed ara
strained or boiled, whereby it Is said @ much
larger per oentage OF oil is made
The iron steamer ChOuteau turned back from
Helena. leaving there TOO bales cotton and other
freight, This is 9 sharp dodge to beat Capt.
Frank Hicks. but 1t won't win. A barge is load
ing with cotton here to be towed to Evansville
and shipped over the E. T. Fl. A. r. X. The
Storm No 8 will take it from here.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-12-29
NEW DEMOCRAT, SATURDAY DEoEMBER 20,

statement Is compiled from official returns,
and therefore assesses the merit OF absolute
accuracy. The following table shows the most
important items In the. statement Of the con-
tro1er. It covers the losses for the last six
months OF the period mentioned:
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-12-29
at ports for the week up to

Total ....... -...227 800 232, O52 160,941
Receipts at ports since September L.. .2,345 .22s
Receipts same time last year 1854 III
Receipts same time wear before ...... 2 247 APO
The exports from all United States ports, con-
solidated as per kilograms to the. Cotton Ex-
change, for the week have been as follows:
Other
G.. B. France. for'gn Total Stocks.
ports
This week. rs 5O4 20694 1884 12O582 1856 $50
Last week. rs, 1874 32,716 1886 13l 8O6 820,011
This week
last year. 9,953 227 1864 1884 OIL 800
Since Sep. 1897 O56 2O1 $50 202. 413 110l 449
Same time
last year 1922 400 213 500 165, 548 1901 349 ....
The market In futures at New York was
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-12-29
Rank Losses.

New York Commercial Bulletinl
The annual report Of the Controller of
fhe Currency contains statement show
ING the losses of national banks for
the year ending September ], 1877. The
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-12-29
by Telegraph.

New YORK. Dec. 2s.-Money closed at 4@5 per
cent. Exchange closed steady at 482h@4s6.
Gold closed at 1925. Governments closed
steady; currency SKIES 119@12ols. Pacific Rail
road bonds closed as follows: Union firsts 1o72s
@107a; land grants 1O3@l03h sinking funds
e31s Se4: Csntrals 1O77s DOB In State bonds Ten
nessees were weak and sold down to So; District
of Columbia 3-65s sold at rs.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-12-29
QUOTATIONS FOR GOLD.

,WHISKY--1s easy. city made selling at irreg-
fed at 81 OF p gallon.
ACKNOWLEDGEMENTS stock and demand fair.
We quote New York creamery. fine. 3O@31c;
New York dairy 18@27c, as in quality; Western
repacked 8@17c, as in quality.
CHEESE-Fair stock and demand light. New
York cream 15@15hc. Western factory 12@1ac.
sTAk0H.,lIn 5000 demand at sAc in lots;
WOOL-More stocks Offering than there is de-
mand, and it Is held above the views of buyers,
BURY Is quoted at 11@12c. Louisiana clear 261ac
clear lake 27k029c p ID.
HID ES-Supply fair and market quiet; coun-
try green 8@8hc. dry sailed 13@13hc. dry flint
14(916c.
SALT-stock light demand active. A cargo,
all coarse. sold at SOC per sack afoat. We quote
prices at the warehouse: Coarse s5@90c, fine
81 05@1 10. Turks Island neglected at 32c p
bushel. Table salt In pockets 1A@7iac each. as
in size.
POULTRY-Old chickens 25a4 rs. young
5000 50: ducks So; geese 1907; turkeys s14g16
EGdS-western 15@24c: Louisiana 25@2sc p
RICE-Is In moderate supply. No. 2 3s4@3zfc,
common 4h@4ac, ordinary 5@514c, fair 81 05h,
BULK CORN None Offering, and the market
is nominal 5513c p bushel.
WHEAT-None here and nominally at 81 800
IS y bushel for winter. and 81 2001 Is for
EsGU are selling at 81 400
Dbl cabbages at $60s y 100, and 81 1902 p crate.
BAGGINa-steady at 117sc In round lots; re-
| failing at 12@12ac. Baling Irvine at 1910 in
round lots retailing n 1Ac
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-12-29

Receipts OF cotton at Memphis are now 224, 1874
bales. against 4,5s2 bales last year; decrease
OF A9.75s bales, and decrease compared with the
year before OF AZ, 1874 bales.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-12-29

The receipts Of sugar here UP to this time
foot up 42,95s hhds., against 69175 during the
same time last season. The receipts Of mo-
passes since September reach 1se.41s bills.
against 144.a5o bbls. during tho same period last
aeaapfl.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-12-29

The New York banks have capital OF about
s65 ,O0o, 600; the losses for 1877 were as seen
above, s4.247,9H 6e, or Ga y cent on the capital.
The net earnings for the year were only 50 1884,
$50 50. In other words, the losses were nearly
twice as much as the remaining net earnings.
The losses of the Boston banks were more than
4 y cent upon the aggregate capital OF all the
Boston banks. The net earnings were only
$21s3 b24 49, while the losses were 80, 1872, o53 81
it will be noticed that the losses OF the Boston
banks were more than 900 greater in 1877
than they were in 1876.
1t would seem to outsiders that there ought
to be some way Of reducing these losses. True.
our banks manage to live, and most. OF them
pay dividends-some OF them from their sur
plus-but how much greater these dividends
might be, were better Judgment shown in max
ing loans, and at how much lower rates of in
terest the reliable customer could be accommo-
dated were the loans of better character.
The approach of the annual bank elections
seems to make this timely opportunity for
calling attention to the remarkable facts shown
by the table. If stockholders are content with
such losses. the outside public ought not to OBJ
ject. but stockholders who allow the annual
meetings in January to go by unattended, half
a dozen men or so doing all the business,
should not growl at small dividends. If their
property is badly managed later in the year.
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-12-29

season
AS will be seen by referring to our market re-
ports, the sales Of cotton since last Friday sum
up $4,000 bales against 4275o last week and
48.50O during week before last At the port Of
New Orleans the receipts during the past week
foot up s4.O7o bales which gives an excess in
the receipts since September L. over last year.
for the same time, of 22.745 bales.
The exports of cotton for the week were as
follows: To Great Britain, 1929 bales: to
France. 1850 bales: to other foreign ports.
4782 bales: and coastwise 4647 bales-making a
total Of exports. es,s1s bales.
In the course of an article in this column yes
terday, reviewing. or rather commenting on
a circular OF Messrs. Moody & Jamisop. upon
the relative merits OF Galveston and New Or
leans as markets for the sale and forwarding
of cotton. we mentioned the fact that 10000
bales OF cotton were received here last year
from Texas, of which over so per cent came
from Galveston. On further examination of the
official statistics we find we understated the
amount of receipts. From Galveston alone we
received Ito 600 bales 60 900 OF which were sent
here to be sold. and $4,000 bales to be tran
shipped to foreign and domestic ports. showing
how highly our Texas friends appreciate the
superior advantages New Orleans possesses,
both as a shipping port and as q market for the
sale Of their cottons. 1t Is estimated that count
ing the bales which came here by way Of Red
river as we'll as via Galveston, our merchants
handled last year at least 100000 bales Of Texas
cotton.
The fact Is undeniabe that we have system
lied the selling and forwarding of cotton to
such degree Of precision and perfection that
no other city on this continent can come into
competition with us. The New Orleans types
and standards are accepted the world over; its
system of supervision ofthe handling, sampling,
and shipping of cotton. and the universally re-
cognized ability and fair dealing Of the mer-
chants engaged in the trade. have given the
Crescent City a reputation and supremacy as
a cotton mart. that no amount of detraction on
the part of over-zealous rivals can shake or i'm
pair in the least degree no matter how pausi-
BILE and persistent their efforts may be to &C.
complish that end
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-12-29

The German ship Marie Siedenburg cleared
yesterday for Bremen with 2s.7os bushels Of
.norr1 IN hh1k
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-12-29
Domestic Markets.
fpr TaIoorophi

by telegraph
CHICAGO Dec 28.-The market opened with
wheat quiet at 81 1917 January; 81 III Februa-
~. Corn quiet at ~ January. Pork opened ned
772H February. Afterwards provisions became
easier; pork s11 50 January. s11 62h February
and s11 771s March, Lard easier at 1855 Februa-
ry. Wheat irregular but active At 81 095S@1 o9A
January s. 1o1 Febr4aIy Corn nm nn. .ett at
Union Stock Yards-Hogs-. Official receipts
yesterday "a ,056; estimated to-day $4,000; mar
Ike dull and weak. tending down; prices nomi-
nally 81 o504 10 for light. and s494 Is for heavy
grades.
1870 D. M. Morning Call.-Provisions a shade
easier Pork Sill 40 January; sl1 So February
81 7o@,1 72h March Lard 1872 January;
81 o9h cash; 81 osA january; 81 1os@1 loA
February. Corn steady, 42s@43 cash or De-
cember: 421a@42@ January: 42S42S February
4sl94sI May. Dry salted meats nominal
shoulders AZ !: short rib s.: snort clear els.
$3.50 o. M. Close.-Pork quiet at Sill 42h111 As
January; s,l 57k@11 60 February; s11 Is March
Lard quiet at s507 e7s February. Wheat I'M
changed at 81 o9A January; 81 foX February
Corn quiet at 42A@42M cash or December; AN
The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-12-29
AT COST.
PLATED WARE.

DECORATED CHINA
DINNER SETS,
TEA SETS,
VASES, DESERT SETS.
FANCY CUPS AND SAUCERS.
E. VINET,
zO7............. Canal street. ..... ......2o2
Near Rampant street.
Only during this and next week. fec 1Y
Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1877-05-16
..,TAHsc- SAYS "-o WEST"

If there is a young man in this
audience beg of him "never take q
clerkship in the city Of Washing
tom Don't you do it. Never do
put yourself where you have to
duck your head and take off your
hat to everybody else. Don't you
do it, Don't put your happiness
don't put your fortune-in the power
OF another mans breath. Don't you
do it, You never will have any man
hood; You never will have any ver-
zebra you never will have any real
square spunl you cannot have it;
aud you viii lose confidence, and
You will begin to think, if you can
not have a regular payment each
month Of $9575, that you cannot
possibly make living in this world.
II will take all the pluck out of you.
{ beg OF You not to discount your
.l,ure; beg of every young man,
Lave the courage TO take what comes
.etlt be feast or let it be famine, but
Cont sell the gift that fortune may
A'Fe Tor YOU for a petty salary OF
r1l Or SO or 500 per month. Don't
Ho ut. GO West | would rather
have forty acres Of land and log
house with one room-yes, and the
Woman ! love, and some lattice-worll
over the window, so that the sun
a-a. would tall checlered on the
s..E lag tic ctadie, and a few
l'4yhook at the coruerof the house
would rather have that, and q nice
t..1 leading down to the spring,
Where ( could go and hear the water
-a-ln- / would rather live there
~ DE there than he clerk Of any
a3Earlnaut on earth.
Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1877-05-16
,,-- THE RETURN c. GOOD TINES.

Those who are anticipating sud-
le,, or rapid revival of trade, indus
,,t and commerce, are destined to
fi.anpointment. The process will,
the contrary, be ''slow but sure"
ND the more that every individual
lien shall DO to produce aceaAh,
l,y making or producing that which
- can exchange for money, the
s,oner will the .'hard times disap-
lar, ana the sooner will the co I'M
rvs general condition be rest ored
- prosperity and thrift.
Confidence, as has been ofte n said,
!. a child of SOW growth. Like q
,raa that has been abbreviated Of its
mir proportions 10y the pruning
l,pife and the saw, it can be restored
- i, former wide-spreading conoi-
ton only by giving it time to draw
ram the roots the nourishment nee
essaly for new growth of twigs
and branches for the roots of pub
he confidence like those Of the tree,
are sunk in the earth, and thence
,nu.t come the needed nourishment
fur its development and restoration.
Unjust come of arorh, whence comes
al wealth-trom the mines, the titled
falds. the factory and the workshop,
Il is not thing of chance or specu-
Iation, or anything intangible or
unreal Good times" will not come
again without the production and
t54t diffusion of that wealth which
is the very basis of confidence and
the very motiye-power of trade and
commerce.
Hence we suggest to that large
class OF easygoing souls who are
sal hugging the ragged edge Of
hope, expecting the early return of
the era OF remuuerative speculation
ia real estate, stocks or produce,
that they might as we'll abandon
their baselcss dreams first rs last.
The trade and finances of the coun-
tIy-we may say of the entire civil
lied world have reached "hard- pan"
the very bedrock. The era Of Kite
flying, of lucky ventures, of getting
rich easily and suddenly ; in short,
the era Of Giving by ones wits" has
departed, and every man who ex-
pects to break the "hard times
either for himself or the general
public, must ga to ,corh and produce
his own wealth, if wealth he aspires
to. The games of chance" in the
avenues OF trade are "played out"
Every man must hencelorth earn his
own prosperity by honest effort, for
he will not be able to do it by luck.
The sooner everybody-cspecially
the great army of hoping and do
nothing advcnturcrs and specula-
tors-shall see, understand and act
upon this stubborn aud indubitable
TACT, the better for themselves and
the public generally.--E,c.
The Cairo bulletin. [volume] (Cairo, Ill.) 1872-1878, 1877-09-08
TIE ME-
Postage free to all Subscribers -
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Back numbers can be supplied a. any time
The Volumes Ol the Magazine commence with
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y Complete SET of Iiarpcr's Magazine, now
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VIII be sent by express, freight AT expense OF
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a Complete Analytical index to the first fiity
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The Cairo bulletin. [volume] (Cairo, Ill.) 1872-1878, 1877-09-08
THE WONDERFUL
EGYPTIAN BL00D-PuRIFIEk.
HEMAR.

This incom parable DEPUR1TII
a po,ccrfm L LiIRdIitE, TONI, ~;
INT, combining rirtueS Which Ten""'
Il inraiuabie aud neuer- failing, an ~
its continued use ,cuI thoroughly .'d't
cate all diseases Of the blood. It's tHTre.
dients are of % purely harmless eJf"..'-
ton, the products gathered PROM r'h'"i"
LJvptian Prorinces, and 'rhere th're
tie slightest faint or disease .tn me -J.-
tenn, Il nersr Jaits ia JeotinJ that d"e''r
through tho medium OF tie skin, or -
J,eitinD u through the many and rdr.pr'
ohanmeis Of he body, ,McrebD dHoG,'p.
n"d, i"dsea' J@re"g a az i sgg""I t" '
dtion. a reru brief space OF tinno u'it
conrince any patient using II, Of as an
doubted reliability and tronderjM curr-
ably, The rery acme Of medical tri"nD"~,
and the greatest discovery Of the Ircs""t
age. IN The treatment Of esery disease
srhero he blood itself Is primariic .hc
SCROFELI and the thousand and QUO
causes that lead 20 this terrible dHirtioH,
Of t-hjch oil rlriii=ed communities az"
oognI=dnf, for Eibiieat Truth has dsssTt-
ed that The +" Sins Of no fathers shan
ris;t ercn unto the third and fourth J.'-
eratioHs," and 10 BROkEN- DOM 4 NJ
ESFEEBLED Constitutions u - "
7,OrrerJh rciureHator, causing ne rr.cE
OF man once more To assume the God ~
JOFtH Of manhood. -
TorCTTISEO Us DISEASES, UEIS-
ARY DISORDERS. CONSTIPATION or
COSTIJESESS, LITER AND kIDiEi
COMPLIISfS, GENERAL AND NM
OTs DEBTLITF, KHE UM ITIAD,
GLfNDULAR ENLIRGEMEhIs. J.: :
1HELIOHITOUS CiNCER, SttRl
AFFECTIONS or the homes. JNcnr
LENT ULCERS, EN- 1LE COW
PLANTS (aHd to the gentier ser I, IS {
bonn tong sought FOR tD sensitive, sus''l /.
Gitte. aud delicate 5cm.a. , as q %t u,
mn FORMS or SHKOkIC UTSI -