The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-06-18

commercial and Financial Matters.
rotton yesterday was subjected to fur
III decline OF w Id value. Adviees from
.hroed were not unfavorable, but the feeling
~ easy. and holders offered freely, under
sh,eh position OF the market prices receded,
I'm sales amounting to a20O bales. Futures
.avanced at New York twenty points ON July
aaliyeries, eighteen points for August, twen-
tv.aye points for September, fourteen points
IN october, nine points for November, and
IN points for December.
T'fe stock Of cotton Id the presses D; this
o,tv unsold, Ia ~ Sal bales, against 29,37O at
tha same date last year. On shipboard there
"a 12,12t bales, against 1869 last year,
T,ha stock ut New York consists of 161 ,655
bales.
sugar and molasses are without any quota.
III change. A moderate business was done
il s,,rar. but molasses WIS quiet and steady.
The trade is well supplied with grain and
hreadstuffs On the landing. Yesterday there
90 only d limited demand, although prices
uare itaac lower on corn and oats and 2@sc
loTer on bran. Buyers claimed further con-
eaaslof, lii prices, which holders, up To the
close last night, did not grant.
Flour was dull. The sales amounted TO 100
barrels, made chiefly a. former prices On
liz high grades. Low grades are dull and
neglected. Receipts from the West thus far
this week $500 barrels. Corn meal, owing to
the liberal receipts, which amount to 825O bar
rels thus far, was dull and easy, and prices
/ were barely maintained.
Provisions have come In moderately this
week, and the demand being fair prices have
necome steadier on all the leading staple
nroduets OF the hog. Dry sailed shoulders are
] armer and 1sc higher than 1T the close OF last
week. sugar-oured hams have also advanced
and are now strongly held at rates 10 above
mutations current last Friday.
state Consols again advanced yesterday,
closing firm at 4411ssD44aas, against @4s1ss
oh Monday. There was no changein Premium
Bonds. The sales ut the Exchange amounted
TO S2ss, 900 Of States. AT New York Louisiana
uonsols opened at Az and closed ct 4s@4s1ls,
with sales OF $4,000.
The Richmond Wing says that lection goes
up as the negro moves from Mississippi and
louisiana toward Kansas Let the mutual
movement proceed. The South can stand 1t
II the North can. On with your exodus, II
That Ii the way 1t works! Providence has
opened compensation Office, 1t seems"
ks s. t---~---------=---
Some samples OF new winter wheat from
several counties of Southern illinois have
been received at Chicago, and 1t Is stated
that the crops will run from ten to thirty
Two bushels To The acre, and that the berry y
excellent and promises much better inspec-
] ton than last year.
The shipments of boots and shoes from Bos-
to, to places outside OF New England during
lsst week foot up q, 296 cases, against 1873
#for tho previous week and IL .977 for the corre-
spending week last year. The shipments thus
! iar since January foot up an aggregate OF
II Tlso e2 cases, against 603,so4 Tor the CORE
spending period last year.
kilograms from Washington say that here.
4 aiter the Treasury Department will receive
and I'LL orders for standard silver dollars To
those desiring them In as low a sum ns $500.
Under regulations heretofore existing not less
than $1,000 could be procured. Any person
desiring $500 Id standard silver dollars can
I procure them by depositing their equivalent
! with national depository, and In due time
the money will be shipped.
A new Wreck Recovery and Salvage Com
1 pany'' has been founded In London, with
capital Of E1oo,ooo sterling, which has taken
over the Leitner contracts with the German
government for raising the iron-clad Grosser
Kurfurst, sunk BY collision with one ct her
consorts last year off the English coast, and
i With the Insurers for raising the steamship
u pommerania, DIT the Hamburg and New YORK
/ line
b The cheapest railroad ride offered In this
country to-day ID from Kansas CITY, MO, 70
] Chicago. The distance L. 500 miles, ana tne
fare is fifty cents. The usual cost OF ticket
h from Kansas City, Atchfson and other MIS-
souri, river points to Chicago ID $15 3D. or
Monday the competing lines began to cut
rates, and the figures by Wednesday had go,
&down TO 50. Wednesday morning one roan
karne down to So, the others soon followed
Ind toward the close Of the afternoon the
I Hannibal and st. Joseph line hung out tnt
notice. Fifty cents to Chicago, ana the req
followed suit, Atlast accounts people were
hanging around the railroad station waiting
3 u See which line would offer the highest re-
ward for passengers to Chicago.
Speaking OF the great revolution that ha'
taken place within the past few years ID ~
meth dds OF doing business, the Boston pos
says: 1.-THE ways Of traffic are not the on
ways; wooden ships are going out 81 date
and sailing vessels are giving place to steam
currency il superseded by commercial credits
the cable and telegraph have brought Market
49,. It,.rn "a 1nr3ua their ffHiQn