The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-07-04
FINNCIAL AND COMMERCIAL.
TRADE ITEMS .

Tday being o dies non, banks, exchanges
andhll public institutions are closed and
pu4ess brought to complete stand-still.
Wetherefore, make our weekly report up to
Thursday night instead Of Friday night, as
lis cetomary.
Otton during the past week has ruled
sMdy, the prices to-day being the same as
onlast Friday. In the deal yesterday the
top Of the market was firm, and the demand
beng fair 600 bales changed hands. The sales
fdthe week foot up 1926 bales, against 2775
bleS last week and $500 bales the week be
ffe.
Only moderate business has been done at
lie sugar sheds during the week, neverthe-
kas prices have advanced &c and now rule
steady at the improvement. Molasses
throughout has been quiet and easy.
The changes at the grain landing during
The week show an advance Of 1c In corn, nc
III bran and 81 per ton in hay. Oats have
been easy throughout On account OF the
liberal supply. Yesterday corn was active
and steadier.
During the week flour has not fuctuated In
the least. Receivers continue to hold all
choice old wheat flour at firm prices. The
stock has moderately increased, but still the
greater portion of'it consists Of undesirable
binds, for which there isscarcely any demand.
Altogether the tendency has been favorable
I TO holders on the high grades, while the low
grades are steadily becoming more and more
unsaleable. Receipts this week, TO- 756 barrels
aof flour and 3270 barrels OF meal.
Provisions were active early In the week,
and throughout the consumptive demand has
y been good, with prices firmer on bacon at an
advance Of &c for sides. Hams have also
Improved nc for choice qualities Mess
pork, being In large supply, Is quiet at q
nominal advance of 121ae, while cut meats
and lard rule steady at rates current at the
close OF last week. The receipts from the
West have been as follows: Pork 1850 barrels,
against 1856 barrels last week; packed meats,
bacon and dry salt, IS casks and SAG boxes,
/ against 6S casks and 996 boxes last week;
hams 42O tierces, against 326 tierces last week !;
I lard 563 tierces and 496 kegs, against 500
\ tierces and 500 kegs last week; bulk meats
!. 114,34O pounds, against 115,06O pounds last
!. week -------
~ Texas has a debt OF S6,oOO,0 600 on which she
pays interest at the rate of 8 and 10 per cent,
kthe annual interest amounting to 100000.
Georgia has debt Of s1o5o0,oOO OF various
series and Issues OF bonds, at A. g, ana per
cent, mostly per cent.
I'll The Galveston Board Of Health has granted
I permission to the Morgan Line to carry di-
rectly to that port large number OF imported
Y cigars. which have been In New Orleans for
several weeks, and are destined for Texas.
The gratitude Of the Southern people is due
] to Mr. McKensie, Of Kentucky, who intro
duced and pushed through the House OF Rep
resntatives, the bill abolishing the duty on
quinine. -
In spite Of the reduction Of the tobacco tax,
and of United States Commission Raum' s
gloomy predictions, the receipts from Internal
revenue were over three millions larger Id the
fiscal year just ended than they were In the
proceeding year.
The act of the last Legislature making 6
per cent the legal rate Of interest In New York
State, has been signed by the Governor, but 1t
does not go into effect until January l, 1880,
neither does it disturb contracts or obliga-
tions made before its passage
Last year not pound Of cream Of tartar
was Imported. A few years ago millions OF
pounds came annually from England and
France Manufacturers at home now supply
all that the country needs, and prices are
80 per cent lower than formerly.
England Is just now getting hearty dose
of America. Her agriculturists groan under
d surfeit OF American beef and cheese, while
the tool makers and cotton manufacturers of
Manchester and Birmingham are distressed
by the presence Of American goods better and
cheaper than they can produce.
The Land Agents Record states that the
real estate sales in England, officially reported
from January to April, 1877, were G3,16G, 065.
For the same period Of 1878, E2,149795; for the
same period of 1879, G1,O16.270. The decrease
Is attributed to the unwillingness Of owners
to sell at the low prices which prevail.
The secret service division Of the United
States treasury at Washington has received
from New Orleans what is said to be the best
counterfeit silver coin ever made. It is a half
dollar, and the work on it, including the
mlllGu tHBeS. ID ItClhIEu pSlItCI, buu VIC bOioA
of the metal exactly that Of silver. 1t weighs
a little less than the genuine coin.
According to the circular Of Messrs. g. Ell.
Lawrence d Co. the receipts of butter and
cheese at this port for the week ending July
were as follows:
Butter
Fks. P'kgs Tubs.
NsW aork: :2 g. s ~ So So 1,2 =
Total ......324 4ot 977 l199
There was an advance In State Consols yes
terday, but the reported sales amounted to
only S6O,OOO They opened at 4s114, and closed