The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-12-31
THE COMMERCIAL AND FINANCIAL
CHRONICLE

We extract the following from this invalu-
nhle magazine Of December a.:
UNITED srAfER BoNDs.
The market for government securities has
been atrong, and Il a now Thought TINT there ie
no immediate prospect Of Mr., Hharman'a
attempting to negotiate more 4 per cents In mn
tictnation OF the maturity of the per cont
bonds, which fall duo IN isst.
THE NEw YORK MaRNEr AND FINANCIAL srru-
ALTON.
The financial situation, as tho year draws to
n rioae, iB characterized by steady and conf
dent tone IN the markets with M, Wad.arnte vol.
load w with stocks nj this period. In view Of
the ciose working Of the money market md
scarce until after the frat week of January and
even those parties who profess 70 believe IN y
January rise. are RELUCTANT to purchase iust
now. and aeem TO prefer the rak of haing Obliged
ifthey wait till few weeks later But. how
ever etrong the stock market may be next year.
Il Ia we'll for our readers TO remember that We
shall start out with rriocs on m entirely differ
emit basis from that of January t. 1872. and there
is no such margin now for an advance "a there
waa ut that time.
RECEIPTS or COTTON AND THE CROP.
Receipts must stop showing weekly In
crease very coon or alaa some Of our friends
question very materially. Weare now say only at
the close Ct December, and YET what an amount
81 cotton has come n sight since September II
We make uD the following statements before
our weeks figures AFRO received. aud the
items, will therefore differ slightly from the
actual:
Receipts to Dec DC bales. 1910 900 2.a16oOo
Increase In interior stocks,
on Dee. &c, s....e... a... $4,000 2an 900
Overland to mills 20 Jan. L. $4,000 I74.Oan
Receipts from plantations at
ter Dec 2H, ,-..s....... | hSt eco ISL 600
Overland after Jan, l....,.... 3a0oho 500 900
southern consumption 10000 $4,000
Total. ....-....s...,.. bales h.7alo1o b.oTaooo
This we must rem emher. would be the crop
III there IL no increase or decrease hereafter.
that fl III every movement subsequent u lhia
date was the same as last year. tn make tho
comparison palmer. suppose we bring the two
years together. These receipts at the ports and
overland are the Chronicle figures. not those OF
the Cotton Exchange
We do not offer this rs an estimate. hut AZ a |
basis for our friends to figure upan III course |
the majority of the trade think receipts are 60
ing to fall eff now very rapidly In fact that |
has been the prevailing opinion for two months |
III they do. the foregoing will be a convenient I
total from which to make deductions La con- |
Sidering the future movement, however. It /
would not be wise 70 ignore the bayou or river I
region In the Southwest The 'tall has been a
splendid one for carting long distances and we
have no doubt that all tho planters that could i
reach railroad have done 80. But III our In
formation Is correct. the yield In that section
has been remarkably satisfactory. and there is
very considerable amount to come out when
the rivers rise. Late adyicss show higher |
water, and some nortion-and perhaps large
portion-may arrive at the ports the coming
month.