The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-10-17
FINANCIAL AND COMMERCIAL.
TRADE ITEMS, ETC.


receipts. and the tenor Of advicaa from other
prominent markets cotton ruled strong yester-
day. and indicated an advance Of Nc per pound,
with sales VI ROO bales.
AT New York spot cotton was steady at an ad-
vance or ssc. with sales OF 1871 bales, and 800
bales delivered on contracts. Tho stock Of cot
ton ct that port is now s4ssA bales. The market
for futures was firm showing an advance Of 2
to II points. with sal es of 1877 900 bales.
The Liverpool cotton market was dull aud
easier, without being auotablY lower. The sales
footed up 1000 bales. of which 1900 were AMeri-
can and 500 for export aud speculation The
uavre market was dull and easier. AL Liver
pool futures opened daHrer, but subsequently,
lost the advance, and closed steady.
The sugar and grain markets bore showed no
change yesterday; the supply of those products
being light and prices Arm.
There was a large movement In -four yeHter-
day-tsse barrels being sold. The feeling was
excited and prices advanced laS@ab cents on all
grades. The advance In wheat during the past
four days has been to 10 cents per bushel.
Provisions somewhat unexpectedly claimed
unusual attention yesterday. All leading
staples we're irmer and closed higher with an
active demand.
The stock OF cotton nj all the ports In the Uni
ted States was yesterday 400 ses bales. against
sessIa bales at the same date last year. differ
ence OF only % balee-close figures and u curl
Gus coincidence.
United States four per cents were quoted In
New York yesterday ut 1olAdloe and lii London
at toss. The money rate at New York opened
ut Y and closed al 3 per cent remarkably rapid
Auctuation.
The specie In the BANK Of France has de-
creased for the week 1l.s2b 600 francs. The
amount Of bullion withdrawn from the Bank Of
England Yesterday was fll8.eoo, The specie
decrease for the week amounts to fBfl 900. The
proportion OF the specie reserve I'll that bank to
fta liabilities Ia now 50 Ito per cent. against
SIN per cent last week.
CHANaIEG THE GRApE. New York dispatch
60 Western paper states that at meeting he'd
In that city on the eleventh Instant or the stock
holdera of the Chicago. st. Louis and New Or
leans Railroad. IL WINS resolved to narrow the
gauge To four feet eight and a half inches. tho
standard guage. and to reduce the grades OF the
road bed.
HMoKE CoNsuMERs. American and Buff
falo Grape Sugar Companies. OF Buffalo. N Y.
offer $4,000 In cash to any person who will In
vent satisfactory smoke consumer. This
this an independent fortune awaits the man
who produces the right thing. 1t IL said there
are two successful smoke-eoneumiHg devices
now til use lii Chicago: but heretofore such ap-
pliances have been more successful on paper
than when applied TO furnaces and stacks
ORANGES TN FLoRrDA.Ths price of land ID
said 10 be steadily increasing In the orange
producing sections OF Florida. owing to the
fact that q large number of settlers have come
Into the State These are chiefly young men
who have been out Of employment, and have
set industriously to work planting new orange
groves. The crop promises to be unusually
large. aud btds are already making for the
yields of entire fields. It ia hoped that the
fruit will bring as good price as last year.
which was the best obtained aimee the war.
EMraRArroN AND PuBLrc LANns-The rush
OF emigration to the West is illustrated by the
figures collected In the Government Land Or
fice at Washington, which show that no less |
than s.tso,ooo acres of public land were taken
M for settlement In the fiscal year ending July
1. In 1878 the total was but 1900 900 acres and
and In 1877 only 3.4so.ooo At the rate land is |
being taken up this season the figures for the
fiscal year ending next July promise to show
that fully ten million acres have been disposed
or.
Cont CRor Erc.-The st. Louis Republican, OF
the fourteenth instant. says: Business letters
received here from the South represent that
the corn crop In south Carolina. Georgia. Ala
hama and Texas Ii very short from the dronth
which has prevailed In these States. and that |
large demand will be made upon the North for
supply this year. The crop Of vegetables In
Texas. also from the same cause. has been
largely cut down, and large demand for pota-
toes. cabbage. etc, is making upon St Louis
for them and quantities are shipping there and |
selling at extraordinary prices"
New YoRK TAX LEvY.--The committee on
finance In the New York city council save |
made report approving the proposed tax
levy. together with an ordinance authorizing
the collection OF 1t. The total levy is SOS 2s es
the valuation is sloa4 .oas 900. and the tax rate
"a 50 on the $1,000. The increase over last years
rate Ia 3 cents. The increase IL said to be due |
to additional appropriations amounting to
sa4o ess required BY laws passed BY the last Leg
islature, but the New York Times says this is |
q glazing mtsstatement OF facts"
In the statement OF the condition OF the ma |
tional banks Of the country to be made for Octo-
Der. there will appear q new item which will be |
Of very considerable interest. This item will |
embrace statement Or the number OF bills, |
notes and drafts. which make up the loans |
aud discounts OF each bank. This will fur
nish an approximate showing Of the number Of |
people In the United States who are borrowers |
of money. with the average amount borrowed |
By each. The idea has been borrowed from the
French government and the controller or cur
rency thinks 1t will be a valuable feature to be
In his annual report.
There Ia heavy movement going on In State
0onsols at present. both at New York and in
his city. Various causes are assigned for this
activity In that class of securities which we will
not repeat now. Here Consols. after having
been sold much higher. closed at A5h@4s
against 4ss@4sh on Wednesday. with sales re-
,orded at the Stock Exchange Of $sS.soo. At
New York the sales OF Louisiana Consols footed
10 sl4s, goo, nearly one half OF which amount