The New Orleans daily Democrat., 1878-08-10

Commercial and Financial Matters.
The steamers Souder and Lord, from Ha~
vana, and the schooner f. l.. Richardson,
from Matanzas, which arrived here yester-
day, brought cargoes aggregating 1906 hhds,
s70 boxes and $50 bags of sugar.
The steamship City of Mexico, which
reached here yesterday from Progresso,
Vera Cruz, Tuxpan and Tarnpico, brought So
tierees, TIC bales and G3t sacks of coffee, and
$10S13 in specie.
There has been fair movement in securi-
ties during the past week, aud rates have
been irregular. Yesterday State Coneols
opened at 1928, and closed easy at 731sh17377S,
against 731%0l74 on Thursday Premium
Bonds opened ut 3t1s. and closed quiet at
3OT&013t16, against 310i314 on the previous
day.
The real estate valuation Of the city Of
Boston this year is $40, ,36G, 300 as against
$481 407 900 last year. q decrease Of S41 04O 500.
The total personal valuation Is $40, ,0CO,91O, O.
decrease in twelve months Of SIS ,372,5O0 The
total tax levy, city and State, is S7,879,15O and
the rate per $1,000 &12 50, @ reduction Of 30
cents from 1877. The poll list of $3.50 also
shows slight dminution.
The panicky condition Of the New York
stock market caused numerous dealers, who
were away rusticating and enjoying seaside
pleasure, to hasten to Wall and Broad streets.
In some cases they found it necessat to put
up larger margins, owing to the marked de-
x,t,t ir ~ In, re- ~
fancies alone the aggregate shrinkagn from
the highest quotation Of the present year
sums up one-fifth, or 20 per cent, of the en-
tire valuation.
The New York Express says the Swiss
watchmakers have been stirred up by the
Philadelphia Exhibition Of matchmaking
skill This is the way the Express puts it:
American watchmakers so frightened the
Swiss watcbmakers at our Centennial EXIT
btion in Philadelphia that the latter re-
doubled their efforts to excel the former.
Consequently Switzerland alone has received
o. grand diploma OF honor besides nine gold
medals, for it's watches Mt the international
Exposition at Paris. Waltham must now
watch Geneva more closely than ever if she
be bound to keep time with her Swiss rival.
One Charles Montague has been arrested in
New York, and in default Of bond of $25 900
secret society called the Montgomery Ten
ants Mutual Society, the object Of which was
to burn property belonging to persons who
made themselves obnoxious to tenants by ex-
acting prompt payment OF rents. One gentle
man comes forward and proves losses am CUNT
Ing to SAG 900, burned by the society. Detec-
tives testify to the existence of the organiza-
tiOn and are confident Of their ability to fas-
ten numerous incendiary crimes to the pris-
Oner.
Tho wool clip for 1878 is about 8 per cent
greater than it's immediate predecessor. New
England fell off about 8 per cent, the three
North Middle States 3 per cent, the Pacific
States per cent. All other sections show an
increase. The heavy decline on the Pacific
coast Is due to the reduced production in Cal
ifornia, and the great increase in the South
west was in Texas. The Liberty, Fla, CORES
pondent of the department reports that the
clip Of that county indicates an increased
weight per fleece and an improved character
of fibre. In WaIworth, Wis, the fleece is
mostly long staple and strong fibre. A con-
siderable weakening of prices is Indicated.
We are indebted to tie committee on infor-
nation and statisti<s Of the New Orleans De-
partment Of tine National Cotton Exchange
for thefoIowing report of the cotton crop for
loJuly:
55 Louisiann- returns from this State
i parishes, dating from July 27 to August 4, in
elusive. Average date July 81. Fifty per
cent of the reports represent the weather since
July as unfavorable, and the same number
as favorable-the low lands generally suffer
ing from too much rain, causing the plant to
she'd From this cause, also, the condition at
the close Of July did not compare favOrably
with that Of the same period last year. The
I,t uac
In about half the parishes the plant is form
ing, blooming and boiling well, but OF her
parishes all complain of shedding, caused by
too much rain; Fully, per cent of the lands
, put under cultivation in cotton in this State
have been abandoned. Several parishes report
the appearance OF worms but no damage has
resulted as yet. On the whole the present
condition and prospects OF the crop in Louis
lana are not 50 favorable as last season.
Mississippi-Our correspondence from Mis-
sissippl embraces 1873 replies from thirty
three counties, average date July 81: The
weather since July has been decidedly un-
favorable more especially during the first
fortnight, owing to continued rains in most
counties An average Of per cent OF the
lands planted in cotton, since the beginning Of
the season, has been abandoned. Compared
with last year, from the beginning Of the sea-
son to the close of July, the weather has not
been so favorable. Some injury to the stands
has been sustained through freeing the fields
of grass, but on the whole, though not good,
they may be considered as fair About one
half of our correspondents report that the
plant is not blooming and forming well, the
other half state the reverse AS 9 general
thing the bottom crops are poor, and large
percentage of the lands abandoned are Of this
description. The crops are partially grassy,
though much has been done to improve them
since the rains ceased, in many sections,
Smith, Claiborne, ,Copiah and Covington coun-
ties report the appearance of the worm, but
no damage as yet
Administration reports from this State
embrace forty-four replies covering twenty
one counties-average date July 81. The
weather since July has been good, but from
commencement of the season up to the close
~ J,,1r hoe lace fav han ri nv