The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-08-01
Commercial and Financial Matters


Tha Asiatie market for flour with San Fran
cisco. on account of the famine, Is becoming
irnnortant. The next two steamers from that
mort to Hong Kong hove made engagements
for all the flour they can carry.
A tramp few days ago begged q piece OF
bread ut the house Of prominent citizen OF
Erie. When the proprietor came to the door
he recognized former oil prince whose bust
ness capital recently was $200,000.
The committee on railroads of the New
Hampshire Legislature, to which was referred
the bill providing for o tax on the market
value Of the stock and property of railroads,
have reported the bill as inexpedient.
Mr.. D. G.. Morey, the freight agent of the
Chicago, st. Louis and Now Orleans Railroad,
has kindly finished us with tabular state
ment of the receipts {by months) OF cotton at
this port by that road since the first OF Sep
TENDER. The total this season amounts to
352,B10 bales against 0.0G1 for the same time
last year, and BOG, 325 bales the previous year.
There was but O. small business done yes
terday, and rates continued irregular. State
Consols opened at 711s bid, and closed steady
oft 73o07314. against 72072A on Tuesday, Re-
ported sales $4,000, all outside the Elk"
change Premium Bonds opened at a12s, and
closed easy at 301ao3OA, against $4,000 on
the previous day. Sales $66,500, of which
$4,000 were sold at the Exchange
The steamboat Pargoud which arrived yes
terday morning, brought one bale OF new cot
Ton raised on The plantation OF Mr.. G. T.
Keinstea. Adams county, Miss, and shipped
to Messrs Hugh Allison 81 Co., of this city.
This Is the second bale of the new crop re-
ceived here this season. The firstbale reached
here on the first of July from Brownsville
Texas, and Was forwarded to New York.
The latest accounts from the wheat-grow-
inc regions Of Northern Iowa and Southern
Minnesota present O. gloomy picture OF the
crop outlook In some places the wheat is
d total failure and not worth the cutting; in
others the average per acre Is said not to OK
coed eight to ten bushels of No Q and No. 3.
Further north In Minnesota the prospect Is
much better, while in Dakota the yield in
general Is large and the quality fine.
The mayor Of Louisville, KY, has vetoed
the City Councils appropriation ordinance,
+
interest ON the city's floating debt. He point
odly informed them that he would approve
no appropriation bill which does not In the
fullest protect the honor and credit of the
city, and will fight this reputation of in
ferest to the bitter end in the few short
months yet remaining of his official exist
ence. BY q vote of nine to nine the council
sustained the veto.
The Engineering and Mining Journal is not
so confident Of an Improvement in Che coal
trade as 1t was o week Or two ago. 1t COM
plains that the present prices are not what
were ''promsed semi officially, viz: a steady
advance in prices and curtaiment Of pro-
fuctton that would permit Of the same" The
journal further says that 't Is now pretty
generally acknowledged that q grand mis-
take was made In forcing the business up to
100000 tons for the first six months of this
year.
The Alta California complains that the num-
Der Of women spectators in San Francisco is
II constantly increasing, and that their attend
a1lce at the boards is just as punctual and
regular as that of the opposite sex. 1t says
that "day after day in the galleries Of the re-
spectiye stock boards can be seen the bag
gard countenances Of the female stock specu-
lators with cares Of home, children and hus-
band evidently left behind, their souls
wrapped up in the mutations of their favorite
Investments
The important decision of Secretary Schurz
that the lands granted to the Pacific railroads
are, three years after their completion sub
t,,t r,tr nal