The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-07
Commercial and Financial Matters.

h GENERAL misunderstanding the mar
S1ets were generally dull. although there are
Y lAnmistakable indications of a sure and steady
improvement in all departments. The bottom
has certainly been reached. and hereafter the
tendency will be onward and upward
The large sales of wheat in New York, as re-
ported, and the advance of lie on spring and &c
on winter. indicate better prices In -four In the
near future. In the local trade. the prices of
flour can be represented ms unchanged. supply
strong and no anxious sellers. receivers prefer
ring to send goods to store rather than force
sales at present prices.
9 The movements in provisions are still linn
Z tied on sales from first hands. but dealers are
pretty well engaged, and in jobbing way the
aggregate going into consumption is quite
large.
We observe some improvement in the tone of
the market regarding mess pork and bacon
both being steadier. though ether articles of
the same class continue dull and easy.
Business at the grain landing was only mod
crate. The supply of corn is scarcely suffi-
Gent for the demand, and prices rule firm
!. There was but little attention paid to oats,
4 bran and hay.
Business at the Sugar Sheds developed no
feature OF interest to-day. There is not much
demand for sugar, and. consequently, prices
had an easy inclination and there was some
fnctuation. 1t was otherwise with molasses.
The receipts consisted only of low grades for
which there we're no buyers.
III On the cotton side of town business there was
Il d fair showing. There was good demand and
the tone of the market. If not intrinsically
better than yesterday. was certainly not any
worse, although the nominal quotations are
easier.
n 4
E That little town of Cairo has commenced to
think it capable of. There is cargo now on its
way from that place. which is due here Ia day
on e 81 Means r
barges, sold to arrive. The shipment speaks
for Itself, and at this time we make no comment.
1 According to the New York Times there were
sixty one failures reported in that city during
the month OF October, the largest number OF
any one month this year. but the liabilities.
which are In round numbers $a,6o0ooo, are not
Der 81 failures has Increased about thirty per
CENT oyer the record for the month of Septem-
Der while the aggregate liabilities Is smaller by
100000.
We have recently heard frequent complaints
from importers that the Naval Office at the
Custom House, has not the requisite, clerical
force engaged In passing entries which G suses
getting their permits for the delivery Of their
goods. This Is q most serious cause of com
plant. and we sincerely hope that the authori--
have the matter rectifled.
Heretofore the Northwestern packers Of pork
have generally used in the process Of picking
the white sugars. which they have inyAriaby.
bought from New York, Yesterday re hesrd Of
Miller q Doihonde) of thirty hogsheads of
white Louisiana sugars. to be shipped to a
as rss cam R
kthese sugars to the above point at ut least. 10
per cent less than they can get the same from
New York.
The tobacco trade of France, which is entirely
such dimensions as to necesstate the erection
Of sixteen extensive factories. The way In
which this industry came under governmental
control constitutes an amusing incident in his
tory. In 1910 Napoleon noticed that a certain
lady wore maenifcent diamonds. 1nguiring
about her, hs learned that she was the wife of a
tobacco manufacturer. In the following au-
4 tumn a decree was promulgated making the en-
tire trade Sta Q monopoly.
In 1875 the quantity OF wine made in France
producing lis,ooo,ooo6 gallons. and the whole Of
France no less quantity than s4s. 600 900 gal
Ions. In. 1876 the quantity produced In the
Gironde fell to 100000 gallons, and that OF
France generally to 924 600 900 gallons. This
year. from all appearances there will be q con-
siderable increase In quantity over that 81 1876
withstanding that the appearance OF the vines
and the cold and wet weather up to almost the
close Of July had given rise to tb Is Tears 81
j 1877.
While the export trade Of England to the
United States is rapidly declining. her. import
! trade from the United States is increasing year
after year and these imports are goods which
she must have. while her exports are goods
| not actually necessary to us. During the year
1865 England imported from the United States
sS4 ZOO 600 land exported thereto 1922 900 900,
balance OF trade in favor OF England OF over
$37 100000. During the year 1876 she imported
from this country goods TO the value Of 1857 1884,
600, while her exports hither amounted to only
a balance of trade in favor OF the United States
of over 1895 100000.