The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-09-25
FINANCIAL AND COMMERCIAL.
TRADE ITEMS. ETC.

n
TRADE IrEMs. ETC.
large business was done in cotton yester-
AN. the sales aggregating 1900 bales, 81 which
I'm were sold on the previous day. The tone
u mo market was stronger, being influenced
fovorably by Geographic advices from abroad.
The sales yesterday were the largest We have
had to record for any one dny since the sec
and Of last May, when they footed Up 1900
hales. The stock at New Orleans is now 1881
bales against IL ,221 last year.
At New York spot cotton closed steady.
showing nm advance Of TIC, with sales 81 Wy
bales. and 1900 delivered on contracts. Flu
tures advanced from ID to 2G points, closing
firm 80,
The Liverpool market was steadter, Win
sales 81 10000 bales, of which 1900 we're
American. The receipts we're 1850 bales, all
American. Futures opened 1-32 cheaper Due
subsequently recovered, and closed qu .,
at Hayre holders we're pressing sales. 80
Bremen market was fat and Irregular
III sugar and 1nolasses nothihg "as "oho
yesterday to admit of comment.
There "a only small jobbing business 90
ing In the grain trade and prices are hrnh.
Although there was breakdown In wheat
az the West Yesterday, 1t did not have any
material Influence on flour here. Inc &C.
,nand vas rood. and the sales reached 1850
harrels To the local trade at full prices. Buy
ara appear disposed to take the property
readily. and snap up bargains whenever
offered.
The movement In provisions was rather
allow. but In other respects the strong features
If ne market noticed In our previous report
we're maintained. Stocks are light, and In
iobbing way a fair amount OF property Is 60
inp into consumption at full prices.
------
United States per cents yesterday at New
York ruled at 1929 0o1o2ls; ut London 104'4.
The money rate at New York was s per cent.
The iorgest cargo OF rosin ever exported
from this country has just been shipped from
Savannah to Liverpool 1t was valued ut
$4,000, and comprised $3.50 barrels.
Texas now ranks third In the Union rs
wool producer. and one OF her counties
fNueces) has moro sheep 10 It's limits than any
other county on the continent.
The Chicago Daily Commercial Bulletin
gives returns from the Northern States con-
cerning rye and barley. The former - small
crop. the acreage in all the States being re-
ported smaller than ia 1873. The barley crop
ls supposed to be about an average one.
State ConsoIs yesterday closed steady at
s9I04o1s, against s91aH04o9s on the previous
day, with sales Of S2550o Premium Bonds
showed Improvement closing ut 275s@27TS.
against ~ on Tuesday Sales, $t25,oo0. At
New York there were sales Of $1,000 OF Loulsi-
ana Consols at 40, and $1,000 at 400.
Ten million salt barrels are used every year
at Syracuse, N. Y. The coopers there arc on
strike for an increase Of wages, demanding
sx instead of five cents per barrel. Az there
IL no prospect OF an early settlement OF the
difficulty 1t Ia feared the salt interest may be
seriously affected.
"A Cincinnati paper says: Several samples
OF the new corn crop have been exhibited on
Change which were dry enough To be mar
ketable. These came from Kentucky. Indiana
and Illinois, and IL they arc fair samples Of
the crop 1t will be of exceptionally good quail
ity 1t is generally thought that the yield
will be above the average.
Nothing could better Indicate the reduced
condition of England than to find thorough
Engllshman like Lord Derby acknowledging
that England's only remedy for hard times
consisted i'll economy and emigration. Ut If
somewhat surprising to bear OF q great Eng
lish landhold telling the English people that
there Is 10 room for them on English land,
and that the best thing they can do 10 to
leave.
The Chicago banks are beginning to got
savage over the scarcity of small bills. and
treasury officials ct Washington come In for
q good share of round abuse for not aifOrding
them relief 1t seems they have found out by
trial, since 1t was announced last week that
the government would only furnish small
bills through the New York sub-treasury,
that there ID no chance Of getting enough
from that source to relieve the pressure. Al
any rate IL appears that the concentrated
funds OF the New York sub-treasury have al
ready been exhausted and Chicago bank
that ordered S1OO, ooG small bills from the Now
York Office the fore part OF last week was In
formed that $4,000 was all that could be
spared. This incident prOvokes the Chicago
Tribune to lively outburst Of wrath, and II
goes for the government officials In fine
style, as follows: "Thts at d time when Chi.
cago Is sending 100000 day into the Int.
rlor to move the food Of two continents !"
TO show the profit which the shlpownel
may derive from the application Of mild steel
to ship, the following example Of trans
Atlantic freight steamer, carrying $500 tons
'(dead weight Ia given: * Of iron, the hull vii
weigh about $500 tons, and the entire ship viii
cost about S350,ooO; of steel, the hull vii
weigh 1000 tons, the total cost being S330.Oo0
Reckoning per cent interest, and per cent
depreciation. etc, on this $4,000 extra cost
we have $4,000 per annum As an Offset t.
this the writer estimates as an extra freigh