The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-05-23
commercial and Financial Matters.

commercial and Financial Matters.
r.o ..bears" claimed possession OF the cot
!. market Yesterday. There vas very little
un us,ng however, and prices were only nomi-
III, maintained. The true inWardness OIL
4he position Is still unaseertained, holders
.aa,ntaining that the break Is only huctua-
LIN while buyers contend that 1t Is decline
y ,rornool opened dull and easier at 7Ad and
.,osod ut 3-1G, with sales OF 5000 bales, OF
1s;ob 1000 were for export. Arrivals were
We cheaper and closed steady. New York
1ata onened dull at IS 9-16 and closed at 49, Z,
.aoinst 1875 on the previous day. Futures
sroned at decline and closed weak. Junes
oiooed at 1342-43, against t3.59-60 on Wed
nosday; Julys 13.6o-61, against 13.79-so. and
Auo,sts 13.76-77, against 1895 on the previous
day.
The stock OF cotton In New Orleans Is 59,112
bales, against So ,29l last year OF this H.493
bales are on shipboard, against E4,701 last
Gear. and 41,6t9 bales In presses, against
6o593 last year.
Sugar and mOlasses continue firm, but there
Al only o moderate business doing In these
staples.
At the grain landing d good business was
done yesterday In corn: the demand was 1alf-
" active and prices were steady. Oats, bran
and hay were quiet but firm at prices 81 the
previous day.
Provisions are In large supply OF cut meats
and bacon, and the position OF the market "a
the leading staples ID favorable TO buyers
Old pork is now practically out Of the market
there being no supply here except In the hands
IN one or two dealers.
Flour ID without any change In respect TO
rrices. The feeling is steady to strong, but
huyers operate less freely than In the earlS
nart Of the week. The sales yesterday wels
limited to about 1900 barrels.
Cow peas came In for heavy deal yester-
day. the sales amounting to over 5000 bags.
This movement caused q strong feeling, and
Tho market closed with holders asking an ad-
vance In prices. -
dollar is worth only three cents in gold, and
asmall loaf of bread sells for So In paper
The Secretary of the Treasury has given
notice that the $40 registered andecoupon
honds eonsols OF 1867 and 1863 embraced In
the ninety-fourth, ninety-fifth and ninety
sixth calls will be redeemed at the Treasury
Denartment on the first day Of July next,
with interest to the date Of maturity.
We learn from the New York Evening Post
that 5000 immigrants landed at New York
last week. The arrivals for the week preced-
inn were about 1000. The whole number for
April was some 10000. These figures show a
rate of rapid increase and the probability OF
largely augmented immigration for this
year.
No banking institution has ever made 80
remarkable an exhibit as Is the last one pre-
sented to the public by the Bank Of France
On the twenty-fourth of last month the note
issue of the bank was 2,t87.oo0 francs, and
/ the cash on hand was 2,1i9,0o0,000 francs; In
other words, the bank held in cash an amount
equal to 9814 per cent OF the note liabilities,
sum nearly three times greater than that
III the vaults of the Bank Of England On the
same day.
The Natchez Democrat says: while IN
other counties the labor has been 90 disturbed
lis to cause serious loss to agricultural inter-
tSlS ulINIblys hlih AtIt5ShIll9 lhaILNIt ipSoD w
all other interests, In Adams county we have
enjoyed almost entire immunity from any
such disturbing causes. The advantages we
have enjoyed in these respects have been
mainly due to the fact that In Adams county
there has been cultivated good feeling and
confidence between tho races"
The South, according to the Cincinnati Com
II IL tod mr.
migrants ever go there, and yet, In the sin
gle State of Texas, the annual average in
crease Of population for the last five years Is
! $4,000, or 1,250, 600 during that period. That
comes from immigra ton, and Texas will be
entitled 1t Is estimated to not less than nine
representatives, by the results of the census
ofls80.
The New York Financial Chronicle OF last
Saturday publishes statistics OF the rail
roads, showing the large decline In freight
charges for several years. According to these
figures, the Michigan Central has reducedits
average freight rates considerably more than
ouehalf since 1870, and the Lake Shore and
Pennsylvania average rates have been re-
duead more than one-third since 1873. The
New Yorls Central now charges an average
Of about nine mills per ton of freight per
mile which Is less than one-half the rate of
1870 and not much more than one-quarter of
that in 1865.
The quietness and inactivity which have
Dr some time past pervaded the Stock Ex-
enange, experienced a decided change ester
Jay, ana things In and around that institu-
uon assumed q lively aspect. Stocks and
bonds We're sold freely. and in some cases at
advanced prices New Orleans City Railroad
stock, which was regularly quoted last Fri
day at 1o611s11os1's, opened at the Exchange
Yesterday at llO and went up to lis, the sales
amounting to fifty shares, while outside
slxty-eght shares sold, the price reaching