The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-11-26

are exceedingly light and agents decline 70
accent orders tpr goods 70 arriyo save -
were very active. and higher. soy Ah@4Ao for
we're II steady demand md nMaa,ona stooas
nunnell's) we're closed out TO leading lobbing
house Advanced prices were made by agents
t9h h. Aer rais ana hae Were az
vanCad 20, as were some makes of cotton dross
goods.
spring woolens ut f1ret banda. buyers having.
~ a rule, completed their early purchases: hut
liberal deliveries OF fancy cassimeres tnhieflF
III low and medium Rrados} worsted onninga
aud eheviota were made TO tho clothing trade
in execution OIL back orders. Prices of clothing
woolene arc very firm and atneka arc unusual
" wnl IN hand. many makes being largely sold
to arrive. Heavy oassImores and overcoatines
were onl IN moderate demand and oloahngR
moved slowly but renellents continued - fai1
Hlngelsh, but many makes Of dnoaksne are
heavily sold to arrive, and prlnaa gre. steady
aatiueta haye received . fair share Of attention
and sonsldernblo sales of lightly weight goods
were reported ~ agents. For flannels and
blankets there wac steady demand At the la,e-
pr1ss or so'ds Y
ruled quiet. but felt skirts were. In good re-
quest. and very firm; Woratad dress goods
ing makes ara closely sold ~, and consequent
ly firm IN price,
the Chicago Commercial Graphic. Manytpac-
,latora net only III Nav YORK, but here In ChI-
Gage having got u little nervous about tho fur
thor advance In rnilrond auoka, have switched
OF into the speculation In cotton. and we hear
Of a numher " orders to buy In New York for
Chicago account. Cotton has thna far in tho
crop year had nh experience similar to wheat.
II was first depressed by the general report 81
al unusually large crop, VIZ: s,ioo.ooo halee
that hens the largest crop ever ralsa ,as
bales Tho effect Or tho presumed In
crease Of production was tho same M In tho
nnsa Of whaat-it caused an immense rual, Of
lie nov product TO market. and tho rooeIpa %
cotton had tup To November - been about $50 n
900 hales IN excess 81 the previous year PVT
tho situation Ia cotton is similar to that ~
wheat. VIZ; the small stock In Europe, This la
shown by tho fact that on October L. tho total
supply Of cotton al London. Liverpool and AL
the continental points VIA only 900 halaH,
against ese 900 hales At Tho snme time In ia1a
and l.oo1ooo at the 'rrear9nding time In
1877. At the present time the belief Ia gaining
ground that tho crop Of cotton for 1879 was
somewhat overeaimatad and though at oil
times the estimates Of The cotton Drop are n
great deal more nearly correct than the cot y
mates of the grain crops. IL Ia thought possible
that the cotton crop ~ 1917 may not prove to 10
larger than that OF 18TH
FopErN EIrHAnaE. Y, Evening Post j.
The nrmnneR 1T exchange Ia due to he scarcity
of documentary trommarcian bills. and these
arc soarca because the ahaurd speculation,
which has ragged IN mnrohaniiae with the anne
fury aH In eharaa Ind 80 advanced IN our mar
kata the prices Or exportthle commodities "a u
greatly reduce the volume Of our exports. We
are told In tho matter Of wheat alone there nra
now stored In and about this city fully 10 600
OF bUshala. or about five times the usual stock.
This Ia only y sample nf tho stocks Of conmnd-
itiea which IRE now being carried Oh spaenln-
ton for u rising market. A evidence Of tho
accumulation Of the stuff hora. tho banks arc or
fered more paper founded on advances on mer-
chandise than for " long time This paper H. III
course thoroughly Legitimate. and we do not
mention Il to aiiEmatirs tt. but only to- Illus
trafe the fact that speculation In merahandtae
haa 90 interfered with foreign exchange aa to
wipe out tho profit on importing gold. Tho
remedy for this atRte of things ~ either q do
cline In the prices If merchandise Rnd export
able products here Or an advance In foreign
prices Tho latter Ia, comparatively speaking.
beyond our control. A breakdown OF the NOR
Rneculation. similar tn tho collapse Ut
the Stock Exchange TO dav. would give relief at
once and would start gold imports again. And
here We would remark that several Of the lots
OF gold on tho way here from Europe chow no
profits. Speculation In every department has
depended for bank facilities. without which II
could not have been carried on Mt all, upon the
foreign Hpeoie which has come h re- 10 the
of $4,000 600 this year, all OF 1t except
about ts.0on,ooO having arrived within the laat
three and half months