The New Orleans daily Democrat., 1878-02-21
Commercial and Financial Matters.

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Commercial and Financial Matters.
State Consos we're easy yesterday at s474 TO
a5 and Premium Bonds we're stiG at 37is 70 317s
The passage Of the silver bill in the United
States Senate seems to have had no effect what
ever upon Wall street markets.
The British steamship Ben Moore cleared
Yesterday with 1000 sacks of corn Tor Rouen.
and the bark MeWhorter for Liverpool with 9l7c
sacks Of oil cake.
q The stock Of cotton held by English spinners
on the first instant esimen,ed at '7sooe oales'
against 25s 600 last year and ~ 900 the year be-
fore at the same date.
One-thirf Interest in the Kimball House. At
lapts. was sold to Gen. Robert Toombs on Tues
day last for ss1 COO The hotel Is now owned ny
three gentlemen and is valued at sl5o.ooo. 1t
cost sG50.0oo. z---.--
The following is the New York bank state
mant for the week ending last Monday: Loans
deorease sfe7 400; specie increase, sssa7oo;
legal tender. decrease sst 500; deposits. In
crease s4ta .ooo circulation. increase. sa4'4oo;
reserve Spcrease s72s,s5o. Banks now hold s14.-
7ss. .1gs In excess Of legal requirements.
The actual consumption q cotton In Europe
last year. according to Mr.. Ellison. the well
known statstcian. was 5,s7oooo bales, 2.2oo.o95.-
900 its Of this 5000 600 bales were used in Great
Britain and 2.950.ooo on the Continent. The
statjstins indicate the deliveries to Continental
SINNERS last year to have been s3s 900 bales less
than the year before.
The claims Of the Texas Pacific Railroad to
the favor Of Congress rest on such broad. ma
tional grounds that we regret it should need to
he strengthened by the statement that the
Southern members are for 1t. The revival of
business prosperity throughout the country Is
closely interinked with the prosperity OF this
among other enterprises. .9[Pittsburg CONNER
cia Gazette.
The estimated consumption of cotton for all
Europe during the present year is 2,245, 600 900
pounds. This is an increase over last year OF
per cent. This would average AZ. 900 pounds
per week This estimation would indicate, ac-
cording to the stock on hand and expected re-
seipts a supply on hand on the thirteth Of Sep
tember next OF 10000 or 900 900 baes. less than
was on hand last year al the same date.
i. The stock Of cotton at Liverpool on the first
instant was divided as follows: American. $50
bales; Brazilian, s4.55o bales; Egyptian, 81 .g2o
2b,b4o bales total. 541 ,4l6 bales Decrease. com
pared with last years stock. 25a, $40 bales The
total visible supply at the same time was 2.51o,
p7o bales decrease compared with last year,
1865 bales, and compared with the year before,
3G0. $40 bales.
We often see II tannounced that the South can
not compete with the North In cotton factories.
We have already mentioned that the Eagle and
,,,il1 (frI, ,h,t, Io ALA aI
esl5oooo last year, and. now we find this in the
Enquirsr Of that town: Mr.. W. f. Young in
formed us yesterday that although the factor
les were running on extra time still the de-
mand could not by any means be supplied, and
that many orders could not be touched at all.
He says that they are months behind. and that
with the new mill in operation the present de-
mands could not besnet
The comparative table OF French imports and
- exports. published bS the French government,
shows that the total trade Of 1877 was $G4 200
less than that of 1876. The French do not bother
themselves @with the balance of trade but COM
pare aggregate imports and exports. The i'm
ports of 1877 were s757 .27s,6oo; the exports. $685.
s0t GOO. The total ii 44s osB 2oo is less than the
total Of 1876, in which the imports were s7e7.-
s72 26oo, and the exports 300. The heaviest
decrease will be noticed to be in importations
Iha returns Tor December exhibited gain.
which it Is hoped, will continue in 1875 The
great obstacle to trade revival is the night
mare of European war on the Eaa' ern aues
ton II that fear were dspelled there would
be an instantaneous renewal Of prosperity.
The st. Louis Republican of Monday last in
its review Of the week s business declares that
the market generally in that city was dull to a
degree that amounted TO stagnaton The Re-
publican further states that the aggregate clear
ings for the week were smaller than have been
known In st. Louis for many years past. with a
very poor prospect FOR a speedy Improvement.
That paper adds:
Advices from the country represent that under
the most favorable circumstances the roads
cannot be in good condition inside of a month
and all reports agree in stating that they have
Of that mythical personage the Oldest in
habtant. As some indication Of their utterly
impassabe condition, 1t may be stated that a
case Is related OF a farmer near Richmond in
Ray county who had both feed and stock il in
closures separated some little distance but
could not haul the feed to the stock or drive the
stock to the feed, on account Of the mud and
mre. lie was ultimately compelled 70 buy
farm to keep bis stock from starving. the in
closure In which they were being near the rail-
road and on road in better condition than the
one leading to the corn.
The silver nil NOT To he vetoed.
Il is the general opinion here o-dAy that the
President will not veto the silver bill. as the
majority In the Senate and the House ID suffl
cient to overcome the veto; besides. the Presi-
dent Ia credited with sufficient respect for the
will of the sovereign people as to not inter fere
with what Ia now nainlv their will a sa1