The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-07-10
FINANCIAL AND COMMERCIAL.
TRADE ITEMS

TRADE ITEMS
Cotton yesterday ruled easy throughout
the day. The adyices from alI othsr trade
centres were ola disrouragng character, and
caused holders to offer freely ct going rates.
ssales 1000 bales including D1a bales sold the
previous day, but not then reported.
The stock of cotton ut this port comprises
gp.2sG bales. against 90 s7s bales at the eorTes-
bonding date last year. OF this t4,oss bales
arc Ii, the presses nnsold or awaiting ORDERS
and 529s bales On shipboard- fof Liver
pool and $3.50 for Hayre. Tho stock at New
York IL now 1aa, $50 bales.
There was very little animation at me
sugar saeds* and no change III prices iot
sweets.
AT the grain landing yesterday there was
nnlv a 1nnierate amount OF trading. Prices
were easy and unchanged.
Provisions we're Id moderate request, and
fair aalea of property TO arrive were reported.
,rha tome IF the market On bacon was a shade
easies ID sides III consequences Ut some fresh
arrivals from the West. Other produ1ts O
the hog were unchanged.
Flour was Id fair demand yesterday, and
There was some speculative trading The
fnne of the market was tirmer. and sellers
generally obtained better prices. Sales, 1920
barrels. -
The French Minister III Commerce estimates
Tint the demand Of france for foreign grain
during the current year will not fall short OF
sE2o,0oO,0DO. -
The acreage in potatoes In Indiana Is very
large and The prospects are favorable for
good yield. end Ii Michigan the indications
nre that this crop will be one Of the largest
ever produced In that State The advices
from Illinois are likewise favorable to o good
crop.
The bank Uf AZ. Gardner Il Co, at Cham-
naign, ILL.,, which passed the panic Of 1879 In
good shape, went down on Saturday under
clear skies and without d signal Of DISTRESS
The unsecured liabilities amount to $4,000,
and the money Is understood TO have been
lost In handling grain.
There was considerable movement yester-
day iii State Consols. and sales we're effected
amounting to $25aooo at o decline. They
closed steady at az &ta434s, against d41la09a4a4
On Tuesday. Premium Bonds closed ut 2601
2Gsss. against 2eit7as112Gas on the previous day,
with sales Of only SG46D Ia New York Lou
isiana CDnsols opened DIT 45 and closed ut 1870
Al, with sales OF 100000
The hoard OF silver iii tile Bank Of France
since resumption has Increased SO rapidly
Tint IL now considerably exceeds the gold re-
serve, and fearB are expressed for the eontin-
ua1lee III resumption The silver LII the bank
exceeds 5000 0oo.oOO. England gained s2t. 254,
600 In silver In the last ten months. receiving
S25.AIS.Go0 from Australia, and Sts7n00 net
from this country, and exporting $tG,39soOo
to Germany, which sent In return $1D,gD5 DD0
Ruinously low prices for cotton goods are
diseouraging the English manufacturers
Manchester papers intimate that IN effort to
remedy this condition vii be made by reduce
Ing production, and that TO this end, there is
likely to be d general resort To the short.tlme
system. III the nature of things it is tmpos-
sbls that such an axpsdlent ean have any
permanent relieving effect, II the pressure
OF goods upon the market IL materially
abated by tho temporary closing OF factories
In England, or by the curtailment Of their
production manufacturers III other countries
will quickly supply any deficit that may fol-
low 1t is no longer possible for any one
country to control the worlds markets.
The tobacco crop In Tennessee Is promising
but will not, It Is ASSERTED. be SO large rs last
year BY probably one third. The Courier
journal represents the tobacco crop IN Ken
lucky as being materially brighter than q
fortnight ago. That paper says: 1--WE esti-
mate the area as follows: Cutting district, 10
to rs per cent of an average; Henderson and
western districts, 65 per cent; Glarksville dis
trict, GO per cent; Middle and Upper Green
river 40 per cent. The area In the State may
be estimated at GO to65 per cent. The area in
Tennessee may be q fraction more relatively
To the acreage but that tn Missouri and Illi-
nois is less. The crop Of this State which is
ordinarily about 20 per cent Of the crop OF the
United States, has the further disadvantage
OF being three to four weeks late"
We take from the New York Public the fol-
lowing statement Of tho cearings of the
clearinghouse cities for the first six months
OF 1878 and 1879.
1879. 1878.
New York s12 AL LEI 4sS 50 $50 9t3, se3
Boston -s+-.. ..4..... a2l 5i5 n69 144t ,fs t6O
Philadelphia --....... ss53T1 $50 st2,G1 1853
Chicago ..4,+s.....-.-. E35 1853 100 d55, Jos, Ss2
San Francisco ,,,..... 2G6 2n5 A2G 273,372 20s
Cincinnati. -..+...---l. aG4 SUI 2ai G6s. 1913
st. Louis .............. ab7 22f TIA 224 1873, gGT