The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-05-29
Commercial and Financial Matters.

We have To record u further decline Ut &c
In cotton yesterday. The market was quiet,
and buyers showed very little disposition to
operate. The sales were only 200 bales.
The stock Of cotton ut this port amounts
now to 57,5Gt bales, against 49, 1853 ut the same
time last year. ar this 23,oi7 balea are on
shipboard, against 27.gT7 bales last year, ieaV-
Ing "a ,5l7 hnles III presses, nnsold. against
ST, iol last year The stock ~ Now York ~
| 15a,o67 bales.
| business Mt the sugar sheds was without
my material change. The tone OF the mar
ket was quiet and stnady, and only amoderate
amount Of trading took place
| At the grain landing there was good lie
mand for white corn, bit the sales were re-
strleted BY reason 81 the limited supply. Oats
are also In light supply md firm
| Provisions took favorable turn to-day. 80
| far az concerned the demand Tor bacon me
uaIea If that article exceeded 100 packages,
chiefly to local dealers. These movements
Ind d favorable influences on tho market, and
tho demand continuing good. the tone OF the
market at tho close was much ilrmer. Mess
pork wns also In fur request.
The flour deal continued to attract great at
tention, and tho sentiment was oil but uni
yersnl that prices must soon dobetter. Stocks
are very low, md tho promise Of considerable
fresh supplies from tho West are lit regarded
as being very encouraging. The sales yester
day were 1860 barrels.
Tho steamship james Gray, which cleared
yesterday for Liverpool, has On board, be-
esides other items III cargo, 1867 bushels 81
corn In bulk.
u To tho twenty sixth instant there had
been 9972 hOgshends OF new tobacco sold In
Louisville, against 25,sii In the correspond
Ing period Of tho last crop year.
Tho export movement Oh provisions Mt the
seaDoard continues liberal, though hardly up
to the movement Of last year ut this time.
The exports since the opening Of tho winter
season show an increase Ut lD7,O00.UDn lbs OF
pork and meats, and decrease Of lG 900 900
lbs Of lard.
A contract has been made for the erection of
iron works ut Titusvlle, PA. The fuel to BE-
used u petroleum, and tho production will DO
d very superior quality Of wrought iron. 1t
III anticipated that petroleum Will be largely
used by iron workers. being cheaper than
coal. and making more and better Iron from q
given quantity ~ crude material.
IL IL announced TINT the authorities Of Nep
York, New Jersey And Pennsylvania will
work III unison I'M the effort tn stamp out the
cattle disease. How important 1t is TO pnr-
sue this work may be gathered from the sta
tistics Of peuro- pneumonia III England, where
GOo0O0n head Of cattle have been lost since
1862 representing q value Of about S5DD,0GD,-
900.
Drunkenness Is on the increase In great
Britain Withls@ine years the numbero Of ar
rests for drunkenness more than doubled,
and the amount expended for Intoxicating
liquors rose from about $420,nOD,O00 ilf~I860 to
about S736,Ooo,GDO In 1876 The increase in
drunkenness among women has been very
marked.
There was o decline Of N yesterday In
State Consols and an advance Of an II in Pre-
MUM Bonds. The former closed easy at
49, 401i9, against doN4o'4 on Tuesday, and
the latter were firm at 261a112G5s, against
26oo ao026la on the previous day. The
sales at the Exchange footed up $4,000 Of
States and $4,000 of Premiums There was
a sale Of 5000 United States funding certifi-
Gates at 1O2.
Two men were recently arrested at Baxter
Springs, kans., by q secret service operative,
for passing counterfeit fiye-dollhr bills on the
Farmers National Bank of Virginia, Ill.
One of the men when arrested had on his per-
son sixteen of these bills. The counterfeit Is
change from the old counterfeit ftves on
the Traders Bank of Chicago printed. The
name Of the Chicago bank has been erased
by chemicals, and the name OF tho Farmers
Bank substituted.
The Philadelisk ia Times takes most hope
full and cheering view Of the situation. 1t be
lieyes that the foundation of the present re-
yiyal OF business is 50 broad and 50 impreg-
nable, that spectators and gamblers are
poWeress to turn back the advancing tide
With the national credit SO firmly estab-
lished that none but helpless lunatics will
heneeforth question IT. the fountain OF ma
tional prosperity must pour out it, healthfnl
streams into every circle Of industry, and
gradually increasing thrift is inevitable.
The Chicago Tribune OF the twenty-slxth
instant, says: "A new stock soon to be
quoted on the Stock Exchange - that OF the
New Orleans, st. Louis and Chicago Railroad.
The property has been favorably passed upon
by the committee having the matter In
charge. Ehe road y Southern extension Of
the Illinois Central line and the stock Is said
to be chiefly held by the company and IN Ger
many. Although In the hands Of q receiver,
the interest upon Its bonded debt has been
iaithB1ly paid
The annual meeting and national conven-
ton Of the United States Board Of Trade,
Manufactures Commerce and Agriculture,
will he held In New York On the eighteenth Of
June. The meeting ID expected to tie OF ma