The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-07-31
FINANCIAL AND COMMERCIAL.
TRADE ITEMS. ETC.

ing an advance Of Lied, with sales OF 12,o0D
bales {s75o Americanl, Of which 1000 were
taken Tor export Oh speculation. Futures were
flrner. At New York spots were quiet at
decline Of Lice, with salss of 1852 bales.
The stock OF cotton now In New Orleans Is
1887 bales against Ss47 ct the same date last
year. or this there are 44o4 bales u the
presses, unsold and awaiting orders. ana 3a9s
bales Oh shipboard. The stock at New fofk
comprises o6, $40 bales.
AT the sugar sheds business generally was
quiet. The demand for sweets was lihlteo
and prices remained unchanged.
There YEAS d small movement at the grain
landing for the local trade. Stock are large
and prices are easy.
THE -four trade yesterday was dull and In
active. Prices inclined favorably to buyers,
and previous quotations were barely main
tained.
Provisions, lii the deal yesterday, were
somewhat easier. Large, or round lots, were
nearly unstable, but In q iobbing way the de-
mand was fair, prices showing no change.
Agrarian disturbances are reported In va
rious districts of Poland. but no lntlmation liz
given as To their cause or extent.
The sheriffalty Of New York IL said to be
worth $4,000 a year ito an honest man."
How much It Is worth to q dishonest man we
. are not informed.
About five hundred tons OF fresh meat,
either alive or In refrigerators, left New York
for England on Saturday last--enough to give
every adult Britisher full meel.
mn ~, 4, nat
has right to live beyond the means OF his
creditors This ID healthy philosophy;
Il every mans desires should be bounded by
moderation, justice and reason
Within one year the price Of iron rails has
advanced SIS per ton, steel rails So and pig
iron So. The product OF rails, pig and bar
iron this year bids fair to exceed that Of any
other In the hist tory Of our iron interests.
According to Rhenish newspaper the Met
ternich property, Schloss acknowledgements
Rhein with It's famous vineyards, has been
sold for 100000 marks (S50O000) to Baron
Rothschild, of Vienna.
The Galveston News says "A large grocery
establishment Of this city on Thursday sold
to d st. Louis house three carloads OF sugar
the first important sale Of the kind made In
that quarter. This would seem to indicate
expansion Of the trade OF Galveston"
State Consols opened yesterday at 37h and
closed weak at ae2sta36s44, against 81 M3s on
Tuesday, with sales OF $11GO0o Premium
Bonds ruled at 24sst024as44, against 2fssatD25h
on the previous day, with sales Of $29, 200.
There were sales ut the Exchange Of 200
city ten per cent bonds (fundable) at 2411z@
24sz. At New York yesterday Louisiana Con-
soils opened at 3714, and closed at 36@36llas,
with sales OF $4,000.
We learn IRON the New York correspondent
OF the Cincinnati Gazette that the assignees
of the once famous hanking-house Of Duncan,
Sherman & Co. have declared a dividend OF 5
per cent. This makes Is per cent In ALL after
three years spent In liquidation. What hand
some settlement Of claims against q house
whose founders left it wol th three millions
It seems that the successors to the founders
neglected banking for petroleum schemes and
paper railroads, and the natural result fol-
lowed and ID now before US. A capital OF
$4,000 900 has been sunk, aud the extreme divl-
dend to the creditor Is Is per cent This may
be termed wrecking in earnest.
The rate of discount at the Bank Of Eng
land continues at the rate OF per cent, at
which 1t has stood for some time This is a
certain index as to the state Of the money mar
ket in London. The last official report states
that there is superabundance Of capital, for
which scarcely any employment Is offering.
1t Is found very difficult to place loans, even
for small amounts; the quotations given are
X to y, but this Is quite nominal; In fact, adj
vances can be obtained almost on borrowers
own terms on approved security. Discount |
business continues very slack, and three
months bills are quoted at q to per cent.
ConsoIs have lately fiuctuated between 072244 |
and 9s1s. AS the interest on national securi- |
ties is only 8 per cent per annun, the hig |
price OF consols instead OF showing prosper
ity, Indicates that money, in the language Of
Change, IS a drug" at this moment.
The Louisville Board of Trade has very
gracefully invited Memphis men, who have
been forced to close their establishments In
that city on account Of the yellow fever, to
make Louisville their headquarters, and con-
tinue their business there during the season
OF misfortune at home. AS to the effect Of
the fever on the business Of Memphis, the
Courier Journal says:
Business will be suspended in Memphis for
the next two MONTHS whether the yellow
fever continues its ravages or not but the vi
tally Of that community Is 80 great. and the
business opportunities SO good during the
greater part OF the year, that the opinion
which has been freely expressed in the North,
that the old town has received the coup de
grace, ID palpably and necessarily erroneous.
When the fever has spent its force the bust
ness houses there will s'boom" as usual.
Wherever men can make money they will do
business Business sticks to Vera Cruz not
withstanding 1t is the hot-bed OF yellow fever,
and business sticks to the great cities Of
British India and Asia, Notwithstanding the
repeated ravages Of that dread disease, the
cholera.