The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-10-29
FINANCIAL AND COMMERCIAL.
TRADE ITEMS. ETC.


TRADE ITEMs. ETC.
Early yesterday the cotton market wa,
easy, owing to unfavorable information con
corning tho New York market: but latcr II
revived and closed firm, though showing q
decline Of 1sc, the sales being over 10000
bales.
AT Liverpool spot cotton was ulitn nomi.
nal, splnners holding OF. the sales amount.
ing to 5000 bales of which $500 were Amn,l.
can and 1000 taken for export and speculation
The receipts were 5000 bales. Of which
10000 were American. Futures opened weak
and closed dull and steady
The New York spot cotton market was
quiet. with sales of only COZ bales and 400 de-
llvercd OH contract. Tho decline In prices
was 1sc per pound. Futures declined points
Oh October deliveries. and advanced | to .
points on those OF subsequent months. The
tone OF the market was firm, with sales of
fT1,00O bales.
Tho receipts or sugar and moasses were
not large yesterday The demand was good
and prices were steady.
At the grain landing there was but little
activity. The inquiry was small except for
white corn, which is scarce.
There was no important trading III flour
yesterday. Buyers are stil lodging the deal
expecting to obtain lower prices. and receiv-
ars are holding steady under instructions OF
shippers The feeling was quiet and the
market easy ut current quotations.
Provisions were slow yesterday. The feel
ing was weak and prices eaaler on all staplcs
except dry sailed shoulders. Bacon Is In bet
ter supply, and 80 &c lower on sides,
Silver has still further advanced In London,
and is now quoted at 53'4
The bullion withdrawn yesterday from the
Bank Of England amounted to G264,0oo
The purchasing rate of silver bullion at the
New Orleans Mint Is now II IS per ounce
fine.
fresh demand for silver s sprnglng up
La India, and the price Of the precious white
metal liz up In London,
State Consols yesterday were weak At AZ.
GD43llas, against a. s0G43'4 oh Monday. with one
sale at the Exchange of $1,000 Premium
Bonds closed at 2als6l29t4, against %, .6D29ls
on the previous day; sales $4,000. At New
York there were sales or Louisiana Cousos, |
amounting to $4,000 Mt Az y, and $4,000 ut Az Y.
or tho total Of 1881 sets OF wooden machin-
cry Ia the United States iilS are III Massachu- |
setts, 3al In Maine, sos in New Hampshire, |
ITO IN Vermont, 400 In Rhode Island and G69
III Connecticut q total for the New England
States OF more than IS per cent Of the wooden
machinery Id the entire country
The pile OF gold in the United States treas
ury October was the largest Ia the world,
$16a, COG a95 81, 7o, 4a5 larger than the reserve
In the Bank Of England Tho silver In the
sank Of France has been increased. and the
gold has declined until tho coin value Of
French silver reserve is greater than that of
the gold.
BANK LoANs.-A good suggestion to bank
officials liz offered by an Eastern exchange to
the effect that their loans instead of being
made to spectators, who not only produce !
nothing, but impovcrish those about them,
should be placed In the hands Of men who are
engaged In legitimate business. Bank de-
posits should be for tho uses Of regular GUS
TONERS. who will use tho money to the ad-
vantages Of permanent business, and not
leaned To street spectators.
INITIATING THE MOTHER CoUNTRI.-Grcat
Britain will have to look out or come Of her
colonies will go ahead OF her lii the line Of '
public debts Some figures as to the indeht-
edness of the South Pacific colonies lately /,
collected are quite startling. For instance,
New Zealand, which hasn't half the popula-
ton OF California, has debt OF S1O3 DOC, 900, [
end proposes to make II $25, 100000 larger.
Queensland. which has II population of less !
than two hundred thousand, has a debt of ,,
nearly 100000, and wants to run 1t up to |
$95,oo0,0oo tits an interesting question how ]
much further this sort vi thing can be carried :
W. POLAND AND IRELANp.-,Fhe depression In !
Germany and consequent emigration OF I
skilled artisans has powerfully contributed tx !
advance the industrial prosperity Of Poland. !
Only few weaving and spinning mills had n
existed previous to 1877. but since then seve- c
raj have been erected. The largest cotton !,
mill employs $500 hands while the linen mills !.
Of Helle Il Dttrich employ 1900 hands. Ire S
land, too, Is beginning to experience q turn (
for the better in the business situation, cable -
grams from Dublin reporting that "signs Of I
improving Ia the condition Of the country y
are becoming more apparent daily and that !
favorable accounts of the harvest are being /
received from all parts .=-..z .= t
ANOTHER GooD SIGN.-One OF the most ,
encouraging signs Of increasing prosperity Is !
found in the sales OF public lands to actual d
settlers, and entries under the homestead &
law. 1t is said that during the first three .
years after 1878 there was little movement to j
the public domain, and the land office reports II
possessed little Information Of an encourage II
Ing nature. In 1872 however, the purchases
covered $3.50 19 acres, and the entries under II
Aha homestead and timber eult,,re iaws am is