The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-11-20
FINANCIAL AND COMMERCIAL.


Az Liverpool spots were steady. With sales 9
1000 bales, Of which 56Go were American. ~
reeeipts were 5000 bales, Of which 1000 Wer
American, Futures openea aearer but suisse
anently lost the advance ma closed hn'' nh'
stendy AT Havrp the demand for cotton Wa
moderate and prices were i'rm.
The New York SPOT market onanad nnlet rs
closed dull and easier with No change ~ quota
lions The sales amounted 20 only WY bh'ee
with 300 delivered On contracts. FUTURES mao
heavy tumble. declining 30 u ~ points. IN
tone of the market was weak. the sales tootihs
ur 100 900 bales.
There wes not much trading ut the sugar
ahe.,s Yesterday. the demand being small mn
thu market eaay The receipts were e9a hhds D
sugar and 1890 bbls OF molasaea.
The sass Of aour amounted III i49G bha. The
feeling Ia quiet and previous prices were full,
sustained Notwithstanding the lnrge receipts.
Provisions continue to command good attnn
ton especially for dry sailed shoulders and
bacon. The supply Of the former on the spot
Ia limited and The shipments coming In yeeter.
day were quickly taken UP III JOB lots at higher
prices.
The amount Of bullion Withdrawn yesterday
from the Bank Of England was large. t2eoono
Ths price cf silver III London was baA
We learn from the at, Louis Republican that
river rates down from that city we're reduced
on the seventeenth instant. Barge ratee to New
Orleans ore now: for -four, soc: grain ETC., 2Ee;
pork T6e. and hay. aoa.
Another evidence of tile great business boom
ID found III the fact that New York has Imported
more specie and merchandise during the month
OF October than during any other October ~
the history Of the port
Spectators In grain operated In Milwaukee
during the month Of September to the amount
of ta1 900 nnn-an increase Of 40 per cent over
the operations Of the corresponding month In
1sTs.
AT a meeting OF the board Of directors Of the
New Orleans Cotton Exchange Mutual AID So
ciety, held on Tuesday the following officers
were r. eleetad: ]. i. Genny. president; Thos.
II. Hunt. vice president. and Henry q. Hester,
secretary.
Some o. the largest Touring mills la Ct.
Louis have suspended work owing To the dia-
crepaney fiji the prices Of wheat and -four. the
latter product failing to keep pace with the al
vance In wheat There are twenty eight -four
Ing mills In at. Louis employing large num-
her of hands. z..#==1
All iron plate. said to lie the largest ever
turned out In Western Pennsylvania, was rolled
Thursday morning mt the Union Iron Mills
pittsbHrg. The plate, which ls thirty Inches
broad, three inches thick thirteen feet In
! enRth and Weighing 5000 pounds. Ia one OF
thrly-six, to ~ used In plating government mt
vessels at Chester. Ia,
PUBLIC SECURITIES There was nothing done
yesterday Ill State Console. they being quoted Mt
tnnf IN
York there we're saes Of $4,000 nj A. and sac 900
Mt AA Premium Bonds closed at apA t02a2T. the
same as ON the previous day, With sales OF
ssT aan Stocks were active The sales cf Water
works stock footed up 2ao shares at an advance.
ls5 shares being sold at m.
AN OPINION William II. Vanderbilt. the
richest man and probably the largest Spectator
In the country, gives this as his opinion OF the
financial situation: Unless there is something
to interrupt the progress Of values UPWARD
such as d foreign war or some unforeseen dis
astar Mt home can conceive Of ne reason why
good healthy securities should not remain near
the point they have attained. even II they do not
ascend higher. The country II full OF growth
enterprise and money. Those three words
mean oeperty. We have entered on n frnah
career, and locking all around me- certainly
feel hopeful.
ButKHEAps--The eseape OF the iron steamer
Arizona after having heen stove In at tho bows
by running into IN iceberg: aud that Of the
iron ship Octavia eimiarly broken by eolliaion
with tho CHAMPION, is attributable wholly to
the efficiency OF their bulkheeda. Many iron
ships have sunk at sea notwithstanding thcy
we're provided with hulkheads. and the notable
occurrence If two ships saved on the same day
by reliable bulkheada, after bel ~ stove In for
ward. confirms the popular judgment that the
loss Of many ships under such circumstances
has been Justly attributable to an lnexcuaahle
fault III construction or to the criminal neEi- |
gence of the maaters in leaving open tho gates
with which such hu kheads are provided
A Coon REsnLT,-An immediate result 81 the
laying Of the new French cable the European
connection IL lie American Union Telegraph
Company-is an announcement on the part of
the Western Union Telegraph Company that
cable tolls arc TO be decreased from rs cents per
word to 1ats cents Perhaps this very low rate
may not continue but II Is certain that the day
Of extortionate cable tolls III at an end. An I'M
nortant feature or the charter Of the new cable !
company ID that IL shall not amnlgamate with |
any other company. nor combine with any
other company for the purpose Of doing what
liz euphemistically termed regulating prices
and this proviso Il . guarantee OF the continu-
anee of a wholesome competition that will keep |
the rates within reasonable bounds
PUT THE STAMPS QN.-A circular has been |
issued by the Internal Revenue Department
advising collectors that the law relative to
stamping perfumeries. tooth powders and cos
metics ID III many instances disregarded aud
inviting attention 10th statute. which provides
that perfumeries. tooth powders and cosmetic
articles twhnther imported or dcmesttcl are
liable TO stamp tax, without conditions or eN-
eeptious-those that are compounded or pre-
pared according 70 published formulas. no less
than those which are or are claimed to be. !
patent or proprietary. A manufacturer Of any
article liable TO stamp tax Is required to stamp
every package. Large or small, In which he de- /
1ivers such article 70 the purchaser whether he
furnishes the bottle or package himself or fills
a t,ottIa ar naek,Ke furnished hy the purcha aer I