The weekly democratic statesman. [volume] (Austin, Tex.) 1871-1883, 1879-01-16
Market Reports.
OFFICE OF FORSTER & Co., }
BANKEEs, AUSTIN, TEXAS, I
January II, 1879. }

January II, 1879.
Business has been light in nearly
every article OF merchandise during the
t.tst week, but some increase in lead
.ng articles is apparent.
Resumption has been accomplished |
Eithout any demand for gold what
rer. and, with solid basis for new
noiects, merchants, capitalists and |
.bthers can enlarge their fields OF &C
Eivity and start OUT into new paths,
knowing that all transactions are
|based upon hard money.
The cotton market has shown iiuctu-
tions. which we sntlcipated-a de-
eIfniug market In the beginning OF
Athe week, which improved in the last
NO DAYS. Liverpool reports fair
ybnsiness at 5-10d for middling up
lands and 9 1Gd for Orleans. New
York opens with firm future market,
Abut quiet for spots. Galveston reports
b quiet market, at 8 &c for middling,
Lie for low mIddling and 7-Sc for
.aad <cfdinary.
Receipts at Austin were small and
prices rather firm. We quote to-day:
Good ordinary, 6 IA to 6 3-Sc; lew
mi6dling, "a TO &c; middling, 1-o
to lac; good middling, 1-2c.
Shipments from Austin since
September /, 1873, to jan
nary 4, 1879, bales. 49,. 10, 469
BY international, from jan
uary TO January 10, 1879. GIG
By Houston and Texas Cen
trail, do. ............... loI
Total bales TO date 17,248
The receipts of hides are increasing.
The market is very firm at II 1-2c for
dry flint, with tendency to higher
figures.
Wool ls dull and neglected, ranging
from IL to Ice, according to quality.
Wheat remains firm with good de-
mand, but supplies are scarce. Good
No. Q winter will bring 20 to soc.
Flour is higher. Corn is very scarce
al IS TO COO. Oats are readily taken
ut Soc.
The demand for treasury warrants
continues good. for Immediate use with
the treasury, in payment oil taxes,
which collectors bring or pay II
through agents. Brokers bid 96c. ano
ask o. to 81 12c. With new appro
priahons to be made we look Tor
~passing decline in warrants to 9Oc.
The demand for pension certificate
Is less active; prices are easier, ant
have ranged from a to 7Gc. The hint
given by highly respectable psrtie
who claim to be inspired from 'oI
hioh'' that there will be no appropria
ton made for the pension certificate
NAV be nothing but ruse to depres
the market and buy them up at loV
figures. We have heard it urged b
parties not directly interested that tn
Gomptroller overstepped his authorit
in issuing the certificates, that the ap
preparation of $40, 600 for pension
was a gratuity OF the State, and whe
That Sratuity was exhausted no NOR
certificates ought to have been issued
that many veterans who receive tn
rension are taxpayers, own conslderaol
nroperty and not paupers as the la
would have it; that fraud had bee
committed upon the State IN many II
stances, that the certificates are \
longer in the hands of the origins
grantees; that brokers, bankers an
speculators had bought them up II
nearly nothing; therefore, for the'
and other sundry good reasons, no al
preparation ought to be made. IN
Is all wrong. The State is bound Il
every dollar of the certificates IN what
eoever hands they may be, or at wha
ever price they may have been pu
Chased.
- O. X. accounts are dull, at soc to ST.
and reward o. KS cannot be sold e
cant at a aacrifce.
Land certificates are entirely nom
-,pal.
Slternates sell at $3.50 for sing
Certificates, and are offered in lots
10 or more at $50. 90; round lots cou
not be placed better than S47.a0-
$50. 90. Some demand for straights
Sis5 to $l95 exIsts, but the market
but poorly supplied. lnternatloni
are nominal at $3.50 to $3.50. Und
good remittance demand exchan
Is firm on all points East at l-2 pl
MUM, on Galveston at Ia premium.
Gold, silver and paper being on
par no difference is made by ban
to customers. Outsiders have to subn
TO ia discount for silver, and have
pay 1-2 for gold.
Money is in very good demand
~ 10 "a per cent. Real estate les
are made at IL per cent. per annum
undeubted security.
FRANcIs B. FORSTER