The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-06-25
fnmmercial and Financial Matters.

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commercial and Financial Matters.
There was nothing Of interest IN the cotton
trade Yesterday. The market was quiet and
wthout the slightest fuctuation In prices.
K TaverpoCl and New York were both lower on
Z snots and futures, but this had no influence
a the market here, except to check trading,
and sales were limited to 200 bales.
The stock Of cotton at this port Is now
~ WIN bales, against 1860 last year at the
same date; OF this ,75s bales are iii the
nreeses unsold or awaiting ORDERS against
n os2 bales last year. On shipboard there
4 "a 5op2 bales against 12,4o9 last year. The
II sfnek Of cotton ut New York ID 1d2esz bales.
Az The sugar sheds yesterday there was d
so,newhat better demand for open kettle
sugar at firm prices, clarified remaining quiet
snd steady. Molasses were only In light de-
raaud 1T unchanged prices.
I,usirless ut the grain landing was very
rnIet. Corn was In large supply and prices
sars weak and In favor Of buyers. For oats
tbsre was only light demand, with liberal
afarings and small sales. Hay was dull and
xsy.
Flour, In the deal yesterday, was duh. The
raported sales showed o little more move-
me1t than hitherto this week, but still were
mueh below the usual average Of this market.
Holders report light supplies Of choice old
winter wheat Hour Oh which. LII view of their
.perdty, they expect to obtain better prices
than rates current now. A depressing intlu-
ma On the market L. the somewhat heavy
amply of spring wheat flour.
proyisions, for tho entire list of hog pro-
daets. were dull and easy. The receipts from
IA west have been fair, and on some staples
Il excess OF the current demands Of trade.
NM market closed quiet and steady on dry
nlted shoulders. but dull and easy on oil
other staple products.
The steamship Algiers, which cleared
hanoe yesterday for New York, takes out
tl,47s In specie.
Earn In Southern Illinois and Kansas ID
promising unusually we'll, but Is said TO
pronaiee but O poor yield In Southern Ohio.
The three American locomotives which were
mt to Australia d short time ago have given
eminent satisfaction, and orders have been
received for more. They are found to be SUI
rerior To English locomotives, not to require
tesr ID much fuel, and to be- cheaper than
Dritish engines OF similar capacity.
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The st. Louis Republican Of Sunday last
asys 1.-THE grand rise that will float the
Nod shipof war Wachusetts to ut. Louis ID
Won the way down from the headwaters oi
tbe Missouri. and will be at the jetties on
Tine Itbegins to look as Ii the navy would
hang its recruiting shingle out under the
shadow Of the big bridge after all"
The aggregate steam power Iii use In the
world Is at present 3,5O0,ooo horsepower en-
poyed In stationary engines and 100000
bOrsepower In locomotive engines. This
torue III maintained without the consumption
cfanimal food, except by the miners who dig
Iii Goals, and the force maintained in their
muscles Ia to the force generated by the
pfoduct OF their labor about one to 1880. This
team power ID equal To the working force 81
E0DNOOD horses, and one horse consumes
three times as much food as one man. The
steam power, therefore, is equivalent to the
Mying of food for 75.000000 OF human beings
The deepest mine Tia the world now worked
bsald To be the AdaIbert lead and silver mine
81 ID Austria, which Is $3.50 feet deep. The next
2 1.-THE Viviers coal mine In Belgium, 2S47 feet
Hwss sunk to the depth Of 1886 feet, but nc
Nsl having been found the working ID at the
Inner level. The deepest coal mines In Eng
Ind are the Dunkirk colliery, In Lancashire,
IA feet, and the Rosebridge, in the same
bality, 1853 feet The deepest mine In this
sountry ID the Yellow Jacket Of the Comstock
bae. IL IL now $500 feet below the surface at
VI mouth Of the main shaft, and 1888 feet be-
r the Gould and Curry groupings.
Yesterday was another field-day at the
Spek Exchange, and State Consols were
heming, the sales footing up $67s,0oo, at an
Mvance OF 1909 This activity In the mar.
and advance In price are owing to the in
Htsed confidence felt on Carondelet street
ht the debt will not be scaled, based upon
Avotes taken on the various propositions
pssented at the conference OF the Democratic
Hembers of the Convention on Monday night.
lhe defeat OF the motion to scale the debt to
ftg cents On the dollar, though by o very
a0se vote, seems to have produced strong
mpression on many operators that 1t Will be
aloHed to remain Intact Gonsnls opened at
krose to AZ, and at the u N. call went
aaFa to 4s11as. but subsequently, rallied and
tased ct 49, 4t0a45s4, against 1904 on Mon
". The closing quotations of the p. m.
aaof the Exchange were 451s@461s. There
sEetWo sales yesterday at 46. At New York
lMlsana Consols opened at 49,, went up to
VII and closed at 441s@44l14, with sales o.
Asooo. or Premium Bonds there were sales
~ of SCI, 900, these securities closing at 251s
W. w. against 25aas125ss on Monday.
LIQUOR AND LIFE INSURANCE. ne Court
Appeals Of the State OF New York last
seek affirmed an opinion OF Judge Larre-
oore, Of the Court of Common Pleas, In the
ase Of Lydia A. Mckinley against the United
Mates Life Insurance Company, which To-
o..