The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-09-18
HltANCIAL AND COMMERCIAL.


Z
prices. The stock LII this city 10 a657 bales,
AeAinst 1896 ut the same time last year. W
ahis s2T6 bales are In the presses anu lsol Oh
shipboard. In New York spots were oui',
and declined 1-l6e, with sales o. W. Dates ana
moo bales delivered on contracts. Futures
showed decline of 10 points on september
sallyeries and ftnm . to 4 points Tor other
mfmths. The tone Of the market was barely
Htaadv. with sales Of 100000 bales The stock
NJ cotton ID New York 10 81, 100 bales.
The Liverpool market was dull and easier,
with sales Of 5000 bales, OF which 5700 were
American, at decline Of Lied. Futures we're
a-tCd cheaper, and closed weak The receipts
at Liverpool yesterday were 5000 bales, OF
which 1900 were American
The sales OF sugar and molasses are limited
In consequence OF the small supply on sale.
The stock of grain liz light and the market
firm.
( There was only moderate Inquiry for flour
yesterday, and prices ruled firm.
The demand for bacon clear sides was fair
and prices for them ruled higher, closing at
m advance Ok 1f@l4c. Other Glasses Of the
hog product were quiet and steady.
~ Ab NOV IUEhs ytbIeiuHyt 0np'u g"ep5S
iDur per cents ruled at 1n20io2l4, and at Lon
don at 104%. At New York the money rate
WINS per cent.
The steamship Explorer cleared yesterday
fcr Liverpool with 3o,ga5 bushels OF wheat In
hulk, besides 2l2O bales cotton. 2O23 sacks OIL
cake and 5a2s sacks OF flour.
Ii il thought that within the last five years
Rhe acreage of cereals I'm the United States
ahat Il. the land under cultivation has
Increased from $4,000, 900 to 95,oOo,0Oo acres
A French authority on sugar says that
whatever may be the result Of the beet crop In
France, the yield Of beet sugar throughout
Europe will be equal 10 that Of last year.
Norfolk is fast becoming one Of the most
nnterprslng ports In the South. Not content
With daily lneto New York, she has secured
steam Heet large enough to dispatch yes
sei every ten days direct to Liverpool
There was an arrival yesterday-the first
81 the season-of new sirup Two barrels
were received by the Morgan Railroad. from
Mr.. Clement Darby, of New iberia, and were
cold BY Mr.. Richard Milliken to Messrs. A..
Thomson u co. Oh private terms.
The annual report Vi the Mobile and Ohio
road for the fiscal year ending June 30 is just
out. Ii shows receipts from operation OF the
road, etc, 81. $50 $40 az; expenses Ia conduct
ing, etc. 81, 2es. 742 DC extraordinary expenses,
*ts2 4f0 ~: leaving net balance Of 1878, 46s Gs.
The total number Of miles operated was 506.
Glass sleepers for railroads is the newest
thing In that line Ia England. The glass is
knghened by process discovered by Fred
srick slemens, of Dresden. the cost per ton
being about the same as that OF cast iron, but
there are three times as many sleepers In .
bon, owing 30 the specific gravity being only
sne-third OF that of iron. 5.
There was no movement yesterday IN State
CUnsols, and they were quoted at 37la@3a.
against 3711,l3sl4 Tuesday. In Premium
Bonds the animation III the market continued,
aud the sales amounted to $4,000 They
aaoeed Mt 26ts G2614, against 255 s025a4 on the
previous day. AT New York, Louisiana Con-
sols were quoted at 370D9sa4, with no sales re-
ported.
The demand for silver dollars Is increasing.
The Treasury Department is In receipt OF
large aud unexpected orders from oil parts 81
The country, though the principal demand
comes from the South and West. The dis
hnrsements this month amount thus far to
nearly S1,0p0,oOo. In the month Of August
over S2O00,O00 In silver was paid out. This
N np to the coming capacity of the mlnts.
Under the heading Of Too Much Sugar, ~
the Boston Herald says: "The Sandwich
Islands sent us 30 much sugar In August last
that. had 1t been subject to duty, 1t would
have yielded q revenue Of $150,0o0. There -
n suspicion on the part Of treasury officials
ahat sugar is being shipped to the Sandwich
Islands and then reshipped to San Francisco
10 evade the payment Of duties"
More complete returns of the English har-
vests confirm all that has been predicted as
fD the loss entailec! by the bad season. It Is
estimated that the loss on the cereal crop Is
SIS, 100000; on the potato CROP G15,o0o,o00: on
the hop crop Fl, 2 900, and on the hay crop
.Ei5O0O. 900. grand total OF 100000, 900! As
the Pau Mall Gazette pertinently observes,
..there IL no reason for further inquiry as to
how it comes about that the manufacturers
are fairly alarmed at the prospects of the
home trade"
An interesting table is published showing
The percentage of working expenses to gross
receipts Of the four great trunk railways, the
Pennsylvania (main linel, New York Central
Erie and Baltimore and Ohio (main stem), for
the past eleven years. The average Of the
road IL as follows: Baltimore and Ohio SO 50;
New York Central, 6372; Erie, 1854; PENN
sylvania, 5935. Although on the general
average for eleven years the Pennsylvania Is
lowest. yet In 1868. 1872 1876 and 1878 the Bal
hmore and Ohio was lowest, and In 1869 the
New York Central.
Inc difioulties under which farmers in
England, Scotland and Ireland labor In the
way OF rent and taxation are illustrated by
some statements Of actual fact published in
The Mark Lane Express, the London organ
Of agricultural interests. An owner Of om