The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-06-29
commercial and Financial Matters.

commercial and Financial Matters
rrhara 1paa q favorable turn Id cotton ye
tardav. An advance on spots ct New for
and on spots and futures at Liverpool ~
parted d good tone to the trade and stimula
al Tie demand, which took 1125 bales, u
market closing firm at the quotations
the previous day
Sugar and nolasses moved moderately ye
terlay In the local trade. prices remainin
quiet and unchanged. n,
There was large supply OIL grain on VI
landing, and prices were quiet and easy; on
moderate business was transacted.
The -four deal showed no further change
The market was quiet, and the sales, inclu
tng 600 barrels the previous day, We're restr1e
ed To 400 barrels.
= provisions lii the trade Saturday we
o,,iet and unchanged on oil staples exec
j. clenr and clear rib bacon sides. which, befT
tn light supply, were held higher, sellers as]
Ing nm advance Of 1SD1c at the close.
The number Of trade dollars circulating
the United States is estimated at Less tha
SIX millions. .
The annual crop of tobacco, raw leaf, IN th
country ID estimated ct 42o, 100000 Los. Abol
two-thlrds Ia exported.
The directors of the Imperial Bank OF Gle
many have passed q resolution declaring
Increase Of silver coinage imperativeiy nece
sary. .-----..-
liz, tHlff;tt cargo 81 inhsters for the LondC
market cleared from Halifax, N. g., recent!
lii the blIgantlne Genoa. The cargo consiste
Of SAG cases, valued at $4,000.
A new counterfeit legal tender fiv'
dollar note has appeared In Wester
New York. tits executed on a painted INIT
ton 81 fibre paper, which ID lighter than tx
genuine. -- n
The Cuban tobacco crop OF the las!a.
years has been very poor, from the Ahclal
the growers were induced to t'sfy Iahh'
manuring which made thee eAcepelon-
This year the crop promiseR
ally fine. .4Itlon by the Con-
49, - s. !, "a - +hs treasurer not to pay
yention instructirt the 1unded aepe n. .no
The July interst question had peen seteleu,
stats untIl taie cause Of the slight drop ~
$500. ! s,r,asyr State Consols yesterday.
the msw York Cotton Exchange will DO
n on Thursday. Friday and Saturday Of
.week, In order to get ready for the "glori-
I'LL Fourth and to get over the effects Of the
elepration. The dry goods houses OF New
FORK will be closed On Friday and Saturday.
he fourth and firth 81 July.
State Consols yesterday opened OF 47a4,
puched ASA. and closed weak ut 4G11 aa6n4655s,
gatnst 4711400a7ss4 on Friday. The sales
howed d great falling of as compared with
hose Of the i've previous days, aggregating
l6S,Doo. There is. NO change In quotations
ii Premium Bords, OF which there was only
40 reported sale Of $4,000.
The grain receipts at New Orleans since
eptember have been encouragingly large,
nd no doubt would have been much larger
we had had during The past month a greater
mount on tonnage In port to carry the grain
,rWRrd to European ports. OF corn In bulk
b have received 3.s44,934 bushels, against
I78, 3s1 bushels last year. of wheat In bulk
54s,248 bushels against e3,725 bushels last
ear; OF rye 396,719 bushels, against none
81 year.
"A New York dispatch states that II is I'm
erstood that the Secretary OF the Treasury
ii directed the indiscriminate use OF silver
ollars III hts payments The estimates vary
] to the amounts which can be circulated at
1eir nominal value, which Is the same as the
ominal value OF the gold dollar. Mr.. Sher-
an Ii quoted as saying that SIC, 100000 can
D circulated without depreciation 10 the bull
1n value. Others think $5o,0o0,oDe would
Tee the price down to the value Of the bullion
them. t,
The Secretary Of the Treasury has had TO
sue instructions to United States customs
electors to enforce the clause In the treaty
Washington forbidding the fitting up OF
.uisers In American ports to be used against
lillian commerce, the Bolivian authorities
aving sent emissaries to this country to Sc
are privateers to seize CHILEAN property on
eutral vessels. The law forbids the use Of
merican ports by the belligerents as a base
naval operations against the other, our gov
nment being at peace with Chill.
"a large corn crop is expected, and late re-
orts concerning oats are more encouraging.
he broomeorn and hop crops will be rather
mall, and both staples are held firmly. a
lew York hop circular reports q backward
ondition OF the vine, and adds: This, added
) the indifference shown by growers In the
are and cultivation Of their grounds, render
arly prospects unfavorable to large yield.
kh.,n Rn.. naax