The weekly democratic statesman. [volume] (Austin, Tex.) 1871-1883, 1878-10-10
Market Reports.
OFFICE OF FORSTER & Co.,
BANKERS, AUSTIN, TEXAS, :
OctOher = 1879

October 5, 1878.
We have to report a good general
trade for the week under review, and
the activity now prevailing bids fair
to continue.
last under more favorable advlces from
Liverpool, but the advance was soon
lost as the days wore until figures have
reached the lowest of this season.
Liverpool comes lower for spot and
futures, with New York and Calves
ton to follow. The quotations to-day
at 1915 P. NJ. were at Liverpool very
fiat; middling uplands, 6 Sd; Or
leans, 9-16d; at New York. October
sold at 1875 to 10.37c; November,
1922 to 10.35c; December, 1924 to
-0.37c, with a declining tendency.
Galveston Is easy, with 1908 bales
sales middling at 8 4c; low middling,
8 1-2c; good ordinary, 9 lac.
We have repeatedly drawn attention
to the depressing influence on cotton,
and we have no reason to change our
views. Cotton will go lower still, and
as soon as receipts begin to increase at
New Orleans, Memphis, Vicksburg
and other places of the Mississippi val
ley, then, and not till then, shall the
lowest figures be reached.
Our market shows more liberal re-
ceipts the last few days. Prices touched
z 1-2c for low grades, up to 8 lac for
middling and above.
Shipments from Austin by Interna-
tional:
Bales. Bales.
From September to Sep
TENDER %. 2452
From September % to Oc-
tober A Qnclusive). 49,. 501--2973
By Houston and Texas
Central, from September
to September %. 1911
From September % to Oct
tober 4 Gncluslve). 353-- 1864
Total shipments from Aus
tin to date. ... 4S17
Shipments from Round
Rock, from September
to October %. .247S
Prom September % to Oc-
tober Gnc)usive) 80. 729
Total shipm'ts from Round
Rock to date ... 1907
For Round Rock shipments we are
under obligations TO agent of Interna-
tional railroad.
Wool begins to arrive in/small lots.
For six months clip, )tkree-quarters
meriHo, free of burs End very clean,
IL 1-2c per pound WAS paid. We think
such prices are very satisfactory. and
hOldaro OuOht 70 raaIi1a
We have nothing to report in the
hide market, which is dull and nomI-
nal.
Wheat is neglected for want of offer
ings. Some samples of inferior quail
lty brought 45c per bushel, while good,
sound wheat would bring so to soc.
Oats are in demand at % 1-2 to SOC,
and corn sells at same figure, with ten
dency to lower rates as soon as farm
ers find time to bring it to market.
Money is easier, local capitalists
lending at 10 to Is PER cent. per an
mum. Loans on real estate are made
at IL per cent, but large margins are
required to make up for shrinkage.
Gold has taken an upward turn in New
York on account of the miserable tri-
fling with the finsnces by the Secretary
of the Treasury. The silver dollar was
to go into general circulation on the
sixteenth ult., and gold declined I'M
der the order from the Treasury. The
knowing ones bought gold at 100 Is,
and as soon as the ''ring" was loaded
up, the order to pay out standard sill
yer dollars for greenbacks was rescind-
ed and handsome profit realized on
the advance.
Silver is steadily declining in Lon
don, where it sold at 81 7-16d per
ounce. At this rate the Mexican dol
lar is worth SO. cents.
Securities have been dull, with but
few transactions. Pension bonds are
firm at 10l Ia to 1O2, with interest.
Travis county bonds are not on the
market; quotations are nominal. City
Of Austin bonds are wanted at 100 to
101, with no offerings. Treasury war
rants show more firmness, with 80 lac
bid and 95 1-2 to 95 SAC asked. the
supply of the first having been readily
absorbed. Pension certificates are adj
vancing; 81 1-2c has been readily bid;
this security is held at Csc for small
lots; round amounts would bring
more. o. KS range from Il to 7Sc,
according to issue and appropriation.
FRANCIS B. FORSTER.