The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-07-12
FINANCIAL AND COMMERCIAL.
TRADE ITEMS, ETC.

day was rather all uneventful one LII bue GU
ION trade Scarcely anything Of much note
or interest occurred, beyond fiuctuation 81
TIE on the down side of prices with sales
apgregating $500 bales, against 1925 bales the
PREVIOUS week. The week, however, closed
With an improved feeling in prices, and buy
ers eyinced more disposition to trade than on
4he previous day. Sales 400 bales.
The stock of cotton now Ia New Orleans
comprises II, Sal bales, against 21,O38 bales at
the same date last year. OF this "A, 785 bales
are in the presses, unsold or awaiting orders,
and 2756 bales on shipboard. The stock IN
New York Is 122, SIT bales.
Throughout the week the sugar market was
firm with light receipts. Yesterday there
was an improved demand and holders oi1eIea
lbera1ly only at advanced rates.
Very little Of interest has taken place ~
any time during the past week at Inc grain
landing. Trading throughout has oeen llgnt'
and stocks being large, prices nave ruleu 49,
favor Of buyers We noted yesterday az ~
proved feeling In white corn ana nlghef
prices ,
,The fluctuations in flour during the week
have related only to the products Of OLD Whetst
and TO strictly choice grades Of Hour. On
s,1ch there has been an advance Of 25g5Oc per
barrel on account OF their scarcity. Otner
kinds and grades Of flour, however, remain
very quiet. with sales OF fancy new wheat
brands at Sc 1906 Is per barrel to arrive.
Provisions early in the week advanced on
mi, meats 1401s1c, and on bacon sides 1s@4c,
being very scarce and In rather active con-
s,1mptjye demand The somewhat liberal re-
ceipts since then quieted the market, but the
sr,bseonent decline at the West on account Of
the Memphis yellow fever scare caused buy
ers to suspend their operations In the expec-
tation of a lower range Of prices being
reached. There is still very little
business doing, and our quotations
are In large measure nominal. The receipts
from the West. this and last week, compare
as follows: Pork 657 bbls against 1852 bbls
last week; packed meats. dry salt and bacon,
900 casks and $50 boxes against 70 casks and
GAG boxes; lard 865 tierces and 475 kegs against
563 tierces and 400 kegs; hams, $50 tierces
against 41s tierces; bulk meats. $500 pounds
against ia $40 pounds last week.
The schooner j. d. Robinson cleared yester-
day for Rouen, with 23O14 bushels of corn In
bulk.
France and England have the consolation
that they have plenty Of gold to buy bread
stuffs from the United States to make up
their deficient harvests. And we have the
consolation that we have plenty Of wheat
and we want their gold.
According to the Chattanooga (Tenn)
Times, the wheat maeket is becoming SO
thoroughly demoraized as to create some
anxiety among buyers as well rs growers
The trouble seems to be on account Of the
great supply furnished by Georgia.
Ferdinand De Lesseps has been going over
his estimates, and finds that the Panama
canal will only cost $50,0O0,000 instead Of
100000, 900 as at first stated by him at the
Paris Congress. This Is a tremendous fall IN
construction figures.
Another cargo of arms, manufactured by
the Providence Tool Company, is said to be
ready at New Haven for shipment for Turkey.
It consists of 100000 rifles valued at SIT so
each, and 3O0,oOO,oo0 cartridges at 3 cents each
the total value Of the cargo being placed at
$19,5OOOO0.
The steady and rapid growth of our export
trade In leather is an interesting business
sign. 1t only began as an experiment ten
years ago. but it has now reached about
25,OOOOOO pounds year, valued at 100000.
The amount sent abroad during the first six
months of the present year was larger than
ever before by over million pounds, and the
business seems destined to grow to still
larger dimensions.
At the Cotton Exchange yesterday there
was exhibited the second bale of cotton of the
new crop received at New Orleans. It was
shipped b. G. H. Ameche. Of Dewitt county,
Texas, and consigned to Fl. Daneel & Co, Of
this city. This bale classed Good Middlng,
and was sold at private sale to Ed. $. Levy,
at 1873 cents. 1t was forwarded by express
last evening to Scharff Il Bernheimer, st.
Louis.
The prospects Tor the American spring
wheat crop are now highly encouraging, but
prices are likely to rule remuneratively high,
as, in consequence Of the poor crop reports
abroad, Europe will need more Of our surplus
wheat than heretofore. The Agricultural Bu
reau at Washington estimates the entire
weld of the country at 35OOOO,O0O bushels |
While this Is short of last year, it is claimed
by many that the supply OF old wheat yet In
the hands 81 producers and the increase In
the visible supply will make up the deficit.
In the United States Circuit Court at New
York. Monday, Judge Choate dismissed, with |
costs, the libel suit Of IT. A. Fleischmann
against the German steamship Ham N onia.
This gentleman, with his family, sailed in
1873 IN this vessel for Bremen The child had |
the smallpox, and the whole family were
isolated from the other passengers and con
fined in one room. Fleischman complained
Of this treatment and brought suit for
damages, but the court sided with the cap
tain, holding that he acted for the health of
the other passengers.
During the week there has not been much
movement In State Consols as compared with