The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-06-22
C,om mercial and Financial Matters.

orders, Inc SUOck IL NeW AVAh ooAo1o@o ~
145,477 bales.
AT the sugar sheds there was no change r
the market. Only light business was done
= but prices were firm of our quotations.
Nothing new transpired at the grain land.
inp Yesterday. The supplies on the levee
were fair, but the demand was slow and
prices were easy.
Flour continues to drag heavily, and yes
fArday the trading was restricted to $40 bbls
The tone Of the market was easy at the de-
cline noted la our report Of the previous day
The tone OF the provision market 10 without
\ any improvement. Supplies are fair oil cu'
meats and bacon, and large Of mess pork.
Hams and dry salted shoulders are steady to
firm but other products Of the hog are quiet
and easy. 1"@
The second sale OF Queen Christmas Jewels
has produced 81 100000. One broad girdle Of
sapphires and brilliants sold for $500, and .
magnificent necklace, containing $40 pearls,
brought 1850. .-----
The stock Of pork In Chicago to date is
estimated at $4,000 to 100 900 barrels, and the
supply Of lard ut $4,000 to $4,000 tterces.
The stock Of lard In New York June -, 1879,
was 143,391 tierces against 120, 26t tierces one
month previous. and 81. 40 one year ago.
The packing Id the West since the close OF
the winter season is about $4,000 hogs In ex-
cess III the returns to date last year. The
packing OF Chicago to date is about $780, 900
hoRs against 100000 for the corresponding
time last year. -
Al St. Louis paper says 1t is conceded by all
that the new wheat thus far shown and sold
Oh Change In that city Is eminently superior
to that OF former years, and # y confidently
stated that IL the weather remain favorable
but d brief time, the crop tributary to st.
Louis will prove itself superior to any mar
keted Tor years past.
Parties who have been investigating the
outlook for the fiax crop this season say the
acreage ID the West has been increased about
i 80 per cent, and the crop generally is looking
Hne III Southeastern Iowa and some parts
OF Illinois the yield may be light, but In most
other sections Of these States, and In Kansas
and other States, the fields seem to be In ex-
cellent condition.
Mr.. Bonamy Price, the political economist.
Id paper Id the last number Of the North
American Review, attributes the stagnation
81 trade on both sides of the Atlantic for sew
eral years past to the decreased purchasing
power of the people through the exhausttng
influence 81 wars, He looks for an early Inn
proyement as the result OF the harmonious
cooperation Of capital and labor, largely In
creased production and low prices.
In regard to the condition OF the money
market during the coming summer, the New
York Post says that money lenders appa-
rently look for very easy loan market up to
the autumn, rs IL shown by offerings OF round
amounts to first-class stock firms ct per
cent per annum for sixty days to four months,
and this On miscellaneous collaterals. On
United States bonds the quotation is 2D2L
per cent for the same time.
The total valuation Of property In the city
Of San Francisco for the year 1879 80 Is about
$3.50, 700, 900. The amount OF revenue to be-
raised upon this assessment ID $3,308. 1T and
from other sources 81, 118,397 Of which ~, 52s,-
liz are for the general expenses OF the city
government. The rate Of taxation as estimat-
ed by the auditor Is 81 $50 on each 500, or
slightly less than for the last current year.
Frequent arrivals Of vessels from HayH In
feeted with yellow fever. excite good deal OF
apprehension Ii New York. The sanitary
authorities admit that there is danger Of the
pestilence obtaining foothold In that city
unless rigid quarantine is enforced. It
would be little curious II the first occasion
for using the preventive agencies Of the
national quarantine Law, which was specially
designed to protect Southern cities, should
be found lii the North.
The fare from Kansas City to Chicago,
about 700 miles, or to st. Louis, about 400
miles, was reduced recently to fifty cents by
the Hannibal and st. Joe and the Missouri
Pacific railroads. Then the st. Louis, Kan
sas City and Northern Road followed suit,
and the Chicago and Alton went still lower.
BY night just US train time came the price
went to five cents, and, as an extra induce
ment, people buying tickets were given each
an order on saloon for q glass Of beer. To
beat the rest entirely the Chicago and Alton
finally offered free rides.
Yesterday was q lively day at the Stock
Exchange, and the sales Of public securities
were exceedingly large, footing up $402,o Of
State Consols and $s7, 900 Of Premium Bonds
The passage by decided vote in the Conven-
ton OF the resolution limiting taxation to five
mills had depressing effect On the market
on Friday, and States experienced heavy
tall; but yesterday there was somewhat
quieter and better feeling, and those securi-
ties rallied up little and closed at II adj
vance on the quotations OF the previous day,
viz: 4Oa4D4t, against 4o11s@4oA. In New York
Louisiana State Consols closed at 401a04OA,
with sales OF $4,000. ,
The Illinois railroad commt sioners have
obtained returns from twenty-six railway
companies, which show that the life" OF 9
locomotive engine varied on these railways
from eight years to twenty-four, and that the
general average duration was fifteen and
quarter years. Passenger cars endure from