The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-10-23
FINANCIAL AND COMMERCIAL.
TRADE IwEsIs. ETC.

cotton was very active yesterday. and ia 600
bales changed hands. the market closing strobg
OF MI advance of 30 per pound. The sales
were ihe largest of the season. The nts
yesterday were sts7 bales. ngainat C7l2 bales for
the corresponding day last week.
AT New York spots advanced I'D, cloaipg
steady, With salee Of 1887 bales. and 300 bnes
delivered on contract. Futures advanced " to
% points yesterday. with sales of 22lopp bales
the market closing active and strong. The
stock Of New York is now an ,54 bales.
The Liverpool spot market opened ateady
and closed firm and fraeionally dearor. though
no change 10 made In quotations. Tho snlee
amounted To 10000. of which aato halsa were
American. The receipts were 1850 bales. of
which T20o were American. Futures opened
cheaper. but afterward partially recovered and
closed strong. Some months ago the condition
OF the Liverpool future market had great
effect On the New York market now tho tables
are turned and the Liverpool future market Ia
greatly dependent upon and controlled by the
New York market. AT Hayre the demand for
cotton was moderate and prices were firm
Flour was In tho dumps yesterday. Tho
movement was not large. although tho offerings
were rather more liberal than usual, and the
market was quiet with prices ruling In favor 81
buyers. Sales 400 barrels.
The interest In trade yesterday was largely
confined It'd provisions The demand was 1.-Two
throughout md from tho opening In the morn
Ing until tho close In tho evening. prices showed
upward tendencies. Mess pork passed entirely
out under the instruction Of shippers not to sell
In large lots, ..@
The grain market continues. owing ID low
rivers to be poorly supplied; demand Ia good
and prices arc stiff.
The receipts of molaases yesterday were 4
tlllt.- l.. 4.
ready sales. or white sugars brought ssac, aud
yellow clarified sac " IT, A lot or 9s hhds Or
new kettle sugar. fully fair. was sold Mt 77sc D
-. Molnsses. new and strictly prime. was sold
at zoe y gallon.
The imports Of fruit yesterday from Belize
Honduras and Ruatan wore quite large
amounting to 1924 q eoanuts. a0,6+ plantai ms
aotp lunches Of bananas. pineapples lines. etc.
United States per cents were quoted yester-
day In New York at 1o2'.@io2s. and in London
at ioba4. The price III silver IN London WINS
b2k and the money rate In New York was per
cent
An net OF the Georgia Legislature limiting tho |
rate OF legal interest to per cont went Into
operation Oh Friday Inst. Tho banks denouDce
the measure. and some threaten to close up
their business.
hleaHrs Pialey & Abell. prominent London I
bullion dealers, estimate that tho exports of
specie and bullion from Europe To the United
States from July TO September 10 amount 10
: &k2. roc. 600
The San Francisco Price Current says trade
there during September was the heaviest OF
any month this year. md that the move
mont Ii visible Ia nearly all lines. The exports
during the month were very large eonsist-
ing principally Of wheat. wool and quicksilver.
State Consols closed yesterday at u decline,
being quoted mt 44s. against 4bMA51s on the pre-
yious day. No sales AZ the Exchange were re-
ported OF this class of securities At New York
there were sales Of $1,000 OF 20 and OF SO 900 at
Aux. Premium Bonds closed at 2eA@29'a.
against 2s12ea. with sales OF s1s4ooo.
How the speculative fever RACES In Paris Ia
shown by the circumstance that. on the oeca-
sion of the recent Issue 81 new shares OF the
Credit Foncier. the throng OF applicants OK
tended an immense distance into the street.
and there were similar thronRs Mt the office 81
every money changer who received subscrtp-
tionH. ------
. The Chicago Tribune says that mining stocks
are beginning to have an important place
among the dealings on tho street IN that city.
Six months ago there was not b. oker In the
city who would touch the stock Of any COM
pany not on tho New York or San Francisco
boards. Nov local mining stocks are being me-
gotlated there every day. "
THE GERMAN Tariff Tho late protective
legislation OF Germany Ia causing much dis
content among the popuace and much dlRan
pointment among the statists. Unwilling to
abandon the scheme Blsmnrck'a government Ia
endeavorinE to frame q sort Of continental
union. after the model Of tho Zollveren, and Ii
trying at present to induce Austria to unite on
ii tariff and freight basis common 70 tho two
nations.
INJURY no WHEAT According to the Louis
vile Courier Journal. II IL reported Ivy farmers
from sundry counties of Kentucky that the fly
has appeared In new wheat, doing considerable
damage There are similar advices from Ohio
and Northern Indiana. An experienced dealer
Ia of the opinion that threshed grain In all
portions Of tho country will DO found to be
much injured by the black weevil. The warm
fall weather IL the source Of both evils
THE PRopuoE BooM-The Chicago Inter
Ocean Of Saturday says that the impression II
prevailing Id grain and provision circles that
the present contest for the control of the pro-
duoe markets lies between wealthy capitalists
oil the West and large and wealthy oombiDa
lions In Wall street. SO far the latter have had
control. because they have had MI the markets
manipulated In their favor-virtually tho CON
troll of the movement Of cars. and own a good
share OF the property ut the central markets.
The whole trade is conducted on The Wall street
plan, and there Ia no surmisng what may be
the final result.
nt,1