The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-08-06

DN&sA
prices.
The Freedman's Bank at Washington had
thirty three branches In different parts of the
country and before the exact status Of it's at
fafrs can he aseertained, about nine hundred
ledgers Or GOO pages each have to be gone
through with One fact Is painfully patent to
the dapositors however, without any exam
nation Mt ALL which is that they are 70 per
: cent out of pocket, and that over two millions
Of their money have been stolen.
The New York Commercial and Financial
Chronicle. of the second instant has this to
say Of the dry goods trade:
| There was slightly improved demand for
u few descriptions of autumn goods during
the past week, but the general market con
tinued quiet, taking into consideration the
large number of out-oftown buyers now in
the city, Operations JIM staple goods were
mostly OF q hand-tomouth character and
printed calicoes were less active than expect
Cd; but there was an enlarged movement in
worsted dress goods and gipghams, fall
styles OF which were opened by leading
agents. The most staple cotton and wooden
fabrics were steadily held, but the late lull in
the demand has apparently checked the up
ward course OF values for the present Mt least.
| Large lines of white and Turkey-red cotton
handkerchiefs were disposed of through the
Iauctton-rooms, and as the sales were well ut
tended fair average prices were obtained.
There was somewhat widely extended de-
mand for brown, beached and Colored cot
tons, cotton HanneIs, grain bags etc, by in
terror jpbbeTs, but selections wers chiefly
restricted to small lots. transactions were
only moderate IN the aggregate and the Job
bling distribution was comparatively light.
Stocks are still well In hand, Notwithstanding
the limited demand reported of late, and
prices are firmly maintained as the rule.
Print cloths were fairly active and prices ad-
,.,..lf, b, lynt
G3 9-1Gc cash for 5Gx6os. Dark prints were III
irregular demand and, on the whole, sluggish,
but there was fairly satisfactory movement
in ginghams, new fall styles Of which were
placed ON the market by agents representing
the most popular makes.
The London correspondent of the New York
Chronicle. In tho course Of his last letter,
says: 5...-.z
A correspondent writing to the Daily News
says that the consumption of potatoes in
England Is SO great that in the course OF the
} last three years we have imported something
like 100000 tons, representing II total value Ut
nearly Ga, 100000 the weekly consumption Of
London alone being equivalent to 5000 tons.
Every country Of Europe contributes more
or less to the supply, but the largest quaint
ties are imported from France aud the re-
ports from there are the reverse Of encourage
ing 1t is estimated by very competent
authority that even If the rain ceases ut once
the potato crop will be very bad
one, and that the yield will not ex-
coed Goo00,00o sacks three bushels caclD,
while the consumption Ill France averages
about T5 100000 bags. IT. follows, therefore,
that Ii this estimate proves correct, the
French will have tn import instead Of export
The districts In which the most potatoes are
grown Is tho Vosgas and the country about
Cherhourg. and IT is IN those districts that the
rainfall has been particularly heavy. An
other correspondent IN reply says that the
larger quantity Ut potators imported into
this country is from Germany. For q few
weeks about June we get potatoes from Cher
bourg, but as soon as they rtpen here our
trade with France ceases, and then large
quantities are brought from Germany be
tween the months Of August and the follow
! ing May. According to the Board of Trade
returns our imports OF potatoes int the
| United Kingdom amounted last year to
s,751,lH cwt., against 7,a6o,136 cwt. in 1873,
aud 6031 34l cWt. In 1876 In the first Fix
months Of this year they were only 3,039 1913
cwt.. against 6 Bill 1893 cwt. in 1S7S and $780,
5s7 cwt. in 1877. The countries whence we
received those supplied are not designated.
The Galveston News says Of the reduced
charges Of cotton in that city:
An important reduction Of the cotton press
charges to cotton factors goes into effect from
this date. The details arc given ia the adver-
Using columns. This action on the part Of
the cotton presses named will doubtless cX-
ercise potent influence in retarding the d.
version of the crops Of 1879-S0 to other mar
kets. 1T is believed that the reduction will
| place Galveston at p considerable advantage
| over any other market III or ont Of the State
! that Is competing for consignments. The
| cotton presses of Galveston are the most
powerful in the world; the cotton yards OF
| the city are high and dry and its system Of
weighing and handling, and the thorough su-
pervision exercised over every bale by the in
| spectors and supervisors of the cotton ex-
change are in themselves guarantee to the
| farmer and interior merchant that their cot
ton is well cared for.
Buyers operating in other markets Of the
State freely admit that they can afford to pay
more for cotton in Galveston than at any 9th
er point, and placing this to say the least 1ac,
| to the credit OF 500-pound bale OF cotton,
would make a material difference in
4 the net proceeds on recent sales MOI
better evidence Of the. determination
of the business men of Galveston toI
| hold the cotton trade Of the State can be sub
mtted than the simple statement that the
charges in account sales of cotton shipped to
| this port 90 not now exceed 75c BALE which
| includes storage for one month, samping,
drayage, weighing and insurance. Add to
this the commission. which varies from 81 to
| ST Is per bale, and the entire charges do not
exceed 50 bale. Considering that the cotton
commands fully 1sc more than in any other
market in the State, this would reduce the
above item to less than 81 40 per bale
| The BRITISH COTTON INDUsTRY.-The cot
| ton manufacturing interest in Great Britain
| IL passing through another period OF extreme
| depression. The demand for goods had just
| begun to show a slight Improvement when
| the rise in cotton began, and 1t has since been
| found quite impossible to obtain an advance
| in goods at all mpnsurate with the rise ia !
the raw material. The greatest depression
at present is in the yarn mills, but this Will be
communicated shortly to the cloth mills. 1t
is reported that the only mills which are do
ing a fair business are those which run on
goods adapted to the China trade.
review Of the export business OF the Brit |
ish cotton mills for the past six months shows
that there has been a good deal Of variation
for the different countries, but on the whole
an unfavorable condition of affairs. The 4
countries of Western Europe have taken
fewer British cotton goods than during the