The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-12-05
FINANCIAL AND COMMERCIAL.
ruADE auK IN. ETC.

Yesterday was another lively day on the
cotton eide or town. The demand was ex-
ceedingly active, and the Gdvices from abroad
being very favorable sales OF 10000 bales were
effected at m advance Or Il. The sales OF
the two days foot up 10000 bales, tho largest
figures we have had to record since the war.
The receipts Of cotton Mt this port thus Tar
this week show decided falling on, being
.Gs9 bales, against II ,23a bales for tho Rane
time last week This fact has no doubt had
It's influence on prices
At New York tho cotton market was firm.
and showed an advance Of G,f6c per pound
for Mihdng Orleans. The sales amounted W
800 bales and 300 bales delivered on eontracts
Futures were weak Mt decline OF "
points. with salea Of 10000 bales.
The Liverpool market was active ana ifmer.
at mn advance Or 3-i6i per pound. Tho sal"s
were $4,000 bales Of which i2.30O were Ameri-
can the receipts were g4h0 bales. OF which
5abo were American Az lIayre there was
large speculative demand and prices nd-
vanced. and al Bremen tho market was quiet
and steady.
There was n fair amount Of trading IN Hour
veaterday. Tho sales reached about 1000
made ut very full prices. Tho tone Of the
market was steady to strong. Offerings
moderate.
Provisions continue tO advance for pork.
cut meats and lnrd. tho changes yesterday
showing M advance Of 25I5oo per barrett Oh
mess pork, and "a u per pound ON cut
meats anu lard. Sales fair.
The bark Anna Maria arrived hero yeater-
day from Rlo lie Janoiro with 1854 bags 81
coffee.
Out Of respect to the late MIR. VIM.
G. Black. Formerly lis president, tho Cotton
Exchange was closed ror three hours yester-
day.
state CnnsoIs were lower yesterday. closing
easy at II ,ft4a. against 42tsf0i3' on Woinos-
day, with sales Of $4,000. Premium Bonds
closed at as .02s i. against q 600 Oh the
previous day. with salos Of $4,000.
The members of Tho Cotton Exchange pnr-
formed an act oE simple Justice whom they
reelected Mr. Horny q. Hester secretary Ut
that institution That gentleman Ia Il most
capable. Industrious and faithful officer.
The average Rio crop Of coffee for tho past
live years. IN round numbers is aoOn.0oo bags.
The crop Of 1870 20 IA estimated II A,75o.n0o
bags, showing deficit Of 3'n.ooo bugs. Tho
deficit IN other coffee than Rio is estimated ut
100000 bags.
Vanderbilt sold his Central stock. that did
not cost him over fifty cents on tho dollar. for
I2o. The syndicate that bought IL may unload
at a profit, but shrcwd New York operator
s,,.s.Iiafe that will fypf bnp btc
900 900 shares for less than he sold them for
He can afford 20 wait
L. seems that tho Mexican government has
succeeded in borrowing $lo,0oo.00o from
French capitalists who arc u take charge OF
the mints In Mexico Mexico owes France
now about Sl5O,0O1000 which will never ho
paid, but the French bankers have taken caro-
TO eecure the recent loan.
At the Dutch governments monthly coffee
sale held ut Amsterdam last week. 100000
bags of Java coffee were sold on the basis OF
81 ilorins for good ordinary, being ~ ilorins
above brokers' valuation and r lorins above
the brokers' valuation OF the October sale
The coffee was all purchased for continental
consumption. no purchases being made for
American account
The worlds annual production OF tobacco Ia
about as follows: North America a20,000.0no
pounds Of which 5n0,ooo.o0o pounds are pro
duced in the United States: South America.
s5.00o,O00 pounds; West Indies, 19O,o00,0oO
pounds; Europe and Asia, 495 900 900 pounds
Java and Australia, 80 ,00G 900 pounds; Africa,
100000 pounds aggregate l,300,000,0Q0
pounds.
London newspaper takes pleasure in an
nouncing that an enormous quantity Of steel
has been sold by German manufacturers to
dealers In the United States. the financial
part of the transaction taking place In Eng
land. This Is looked upon as evidence of
revival of the capacity Of Europe TO counter
act the adverse trade balance with the United
States.
Gas AT 81 Is A THorsANn.-By a vote Of
three to one the Cincinnati aldermen last Fri
day declared that 81 q a Thousand cubic feet
il enough to pay for gas. An ordinance pro-
viding for contract with the Cincinnati Gas
light Company Mt III 10 thousand feet camo
up for second reading and engrossmcut. but
after an exhaustive discussion on the cost Of
gas making the aldermen reached tho con-
clusion that there would be d good profit for |
the company In gas at 81 q 4 thousand feet. !
and the ordinance was amended accordingly
before Its engrossment.
Our EXPORTS or AGRICULTURAL PROD |
urTs.-The Country Gentleman has recently |
published a statement showing the exports |
from the United States OF agricultural prod |
ucts for the fiscal years Of 1880 and 1879. |
During the former period they reached So,
on, $780, and In 1879 sos. 5I3.71 an increase In
forty-ni years of SOIL $780, $3.50, or nearly rs
much as our entire money circulation. This |
showing indicates very clearly that our pres
ent prosperity Is owing largely to our great
agricultural resources and bounteous crops
the past few wears, which has enabled us to |