The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-07-08
FINANCIAL AND COMMERCIAL.
RAD ITEMS, ETC.

FINANCIAL AND CUWMEItGlAL.
TRADE ITEMS, ETC. S4=
Cotton yesterday was quiet, and buyers
showed no disposition to operate, anticipate
no lower prices. The sales, including 300
bales on Saturday, were $50 bales, the market
closing quiet at Saturdays quotations.
The stock Of cotton now at this port con
stats of q, 1854 bales, against %. 236 bales at the
same time last year. Of this 5545 bales are
IN ehipboard and Is, s19 bales In the presses,
|1nsold or awaiting orders.
At the sugar landing the market was unin-
keresting. There was but little trading and
prices were unchanged.
There was but a slow movement yesterday
At the grain landing. Corn was In good sup
bly, and easy. Oats show a decline since sat
urday Of 1@tac; the supply is large and the
demand light. 5# @.==.=
Provisions yesterday commanded falr at
tention at steady prices. The consufnpuVe
deInand promises to be active, ana g large
movement on country orders ts expected our
dnR the current week. Bacon and cut meats
ARE scarce and in demand at strong prices.
The flour trade was extremely quiet yes
NMA AAe 1ASAA
farday. and the sales we're limited to 735 bar
ITels, Prices we're steady, and Oh the high
orades strong. We note the arrival OF new
wheat -four. the first 100-barrel lot coming
from Hopkinsville, KY, consigned to Messrs.
William Fl. Mathews y Bro. Corn meal Was
y shade frmer, and choice qualities sold at
E$2 1902 50 per barrel.
The purchasing price Of silver bullion at
The New Orleans Mint Is 81 Is Clio per ounce.
Only $3.50 of the 100000 United States 4
| per cent refunding certificates are undisposed
of. and S28, 632, GOO have been converted into 4
per cent bonds.
For the year ending June 30 the total OF In
ternal revenue taxes collected in the Chicago
district was 50, 10000, of which S. 1876. 600 was
for taxes paid spirit stamps.
The coal product OF the Schuylkill region,
Pennsylvania, for the year thus far, foots up
the enormous sum of 11,76s, 755 tons. against
&, ST., 541 tons for the corresponding period OF
last year, an increase Of 4 1892, I'll tons.
The Manhattan Gaslight Company, of New
York, have reduced their rates for gas. Con-
sumers OF less than 10000 cubic feet Of gas
per month will hereafter be charged 50 per
1000 feet; those who consume 10000 per month
will be charged only 81 80 per 1000, and a still
greater reduction will be made to larger con
sumers.
There was an improvement In State Consols
yesterday, though the sales we're compara-
lively small. They opened at 43A, and closed
firm at AZ against 44044I on Satur-
day, with sales at the Exchange OF $61 ,OOO.
At New York Louisiana Consols opened at
AZ with coupons, and closed at 47@47I, with
sales of $50, 900. Here Premium Bonds closed
at 1871, against 267s@26A on Saturday. Sales
$4,000. =$S#
"A few figures show how the q%uinine mo-
nopolists coined money, under the tariff duty
they lobbied through Congress. A million
and O. quarter of ounces were sold every year
ct So 40 per ounce, the protection duty being
worth from fifty to seventy cents an ounce.
Every person who took q quinine pill paid q
cent on it to the Philadelphia ~monopolists.
They made off the duty 100000 q year and
The government only got $4,000.
Alexander n. Stephens has q project in
mind to introduce a bill to provide for
printing twenty five-cent and fifty-cent silver
certificates. The main object, Of course, Is
to have a currency for fractional parts Of q
dollar that can be sent conveniently through
the mails. Still there doesn't seem to be an
urgent demand for q restoration of the shin
plaster currency, SO long as silver can be had
as abundantIy az it is at the present.
Senator Bayard says 100000 peoplein the
United States use tobacco. tn New York
Times thinks the estimate Is too lOW-that
the total amount Of tobacco produced in the
United States In 1876 was 1853, $1,000 pounds,
OF which 1874. DOC, 900 pounds were consumed In
this country, an average consumption OF over
four pounds per annum by each person. It
assumes that of our 18,00O,0 900 adults not more
than /, 1000, 900 do not use tobacco. Thus the
13, OOO,O 900 persons would have to use an aver
age of IA pounds each. 1t Is stated that $780,
600 900 human beings use tobacco.
An important project has been submitted,
or will shortly be submitted, by the Cuban
government to the authorities in Madrid,
which is as follows: To distribute about forty
thousand men of the troops on the island
among the sugar plantations to work as field
hands at fixed wages per month, to be paid
by the planters, under the supervision Of their
officers. This measure would In the first
place secure the tranquility and protect the
estates during the period Of the gradual
emancipation Of the slaves. In the second
place, 1t would afford occupation to the SOL
derry, who, thereby getting accustomed to the
field work on Cuban soil, would form anucleus
For FREQ labor on the dav when elavprv shall !!
have entirely ceased; and lastly, 1t will en-