The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-11-09
FINANCIAL AND COMMERCIAL.


vna that prices went up Nc per pound. ana
aa,lers we're happy. The sales footed W $4,000
bnlos making $4,000 bales for four days. There
n m continued boom" or bulge" In the cot
ton market ali the world over. and the eha IL
not vet A most Intelligent Idea OF the posl-
tion" can be obtained by the reading OF "ae's
d Co.'s circular, which we print THIS morninR
At New York the cotton market was aulet 'ahu
Arm. with sales OF l7es bales and 900 basos ~
Iiyerod On contracts. indicating ~ AaVahoo n
III ner pound Futures advanced ~ to 30 points
closing strong ~. ,,a
The Liverpool market was steady WIN ss,es
n, sooo baIes. of which $3.50 we're American. inc
raaeirts MT that port amounted to 12.eoo pales Oh
which "a 400 we're American. Futures were
i -sad better the market closing urn. 49,
Hayre market was firmer. but not duotaDy
higher ,.,..
The tone Of the -four market was decidedly
aoav uaaterdav. Tho demand was slow and the
aalaa amounted to only Iol7 The supply of
medium grades IL small. and 1t 10 believed that
the whole stock does not much exceed 10000
barrels.
Provisions in yesterdays trading ahowed ne
fmproyement. There WINS scarcely any ue-
mand, and the feeling was easy on everything
In the list except dry salted shoulders.
According to the circular OF Messrs. @. ii.
D..
the |, ant week were eoz packages, against 79s We
previous week; Of cheese 72g6 boxes. against
mn, boxes last week. The stock OF butter -
very light .-----
The imports of Bio coffee yesterday amount
ed TO 1880 bags or coal We received 6e7 tons
rom Philadelphia. and we sent away 1l,a62
bales or cotton. and 1a.79s bushels Of wheat ia
bulk. besides large quantity Of other produce.
Tha Galveston News indulges In great jublla-
zion over the arrival Of u vessel direct from
France loaded with wines and liquors and spe-
cialues In French goods. the most extensive
and direct shipment since 1860. The customs
duties upon tho cargo amounted 70 about
$4,000 30 much for Galveston and foreign 10
portations. |
State Consos were inactive yesterday and no
sales OF that class Of securities were reported M
the Block Exchange. They were quoted at 433a
GA. against AK the previous day. In Premium
Bonda there was considerable movement. and
stes. 400 were sold. The closing rates were $3.50
aoE. against 2s7.n2o On Friday. Stocks showed
some activity. and there was something done 10
Waterworks. Crescent City Railroad and Home
Insurance stocks. In New York there was
sale yesterday of $4,000 Mt 4s's.
RECEIPTS or WESTERN PRoDucE-The follow
fnR Ia d comparative statement Of tho receipts
III produce from tho West: Wheat IN bulk ,2sa,-
4q9 bushels, last year asls72 bushels: rye 4os es
bushels last year 25.107: rice fo3.3se barrels.
ast year 40 lot potatoes 40 GAO barrels, last year
3670l; oats "A COL sacks. against o.boi last year
hay s5,e5l bales. against 1880 last year. flour
oy 17s barrels last year lit s72: corn 81 col BUSH
els In bulk last year 39s,3t1 corn IN sacks 5ss
against no. GOT last year cotton seed sacks. 900 lb
~ tG mat
against 1900 last year.
HrpEs.-Tha expectation OF hides to Europe
from this country has reached extraordinary
proportions. The largest customers are Eng
land and Germany. The trade has become per
manent and Il ID rather increased BY the en-
barrassments thrown iii the way Or the Ameri-
can cattle trade In Europe. The shipments Of
hides In nine months amount to about one
million. This trade. like many others. Is OF
recent growth and like others 1t Is destined to
attain to colossal proportions.
REDUCING CAPITAL STocK.-At the adjourned
annual meeting or the Nevada Bank Ia San
Francisco IL was decided to reduce the capital
stock from SO ooo 900 to s3.ooo.ooo. This act has
been In contemplation for several mouths. The
reason assigned Is reconsideration. The re-
duction will save the stockholders about 100000
per annum under the present system Of assess
rnent and still larger sum under the system
expected to prevail when the new State consti-
tuition goes into full force. The reserve fund
iii the same as before = s3.ooo.ooo. The old
officers were reelected.
BOOM IN THE Coal TRApE.-The Philadel-
phia Ledger says the coal trade is booming. :
orders are plenty. prices are steadily advanc-
ing. a losing business has been turned into q
profitable one. Goal operators are Jubilant.
Corporations which two months ago had not
credit enough to borrow dollar without CIV
Ing a dollar and half as security can now OBJ
tain money on pretty nearly their own terms.
and throughout the entire anthracite trade
there are no persons unhappy except those
whose confidence was so great Ia the belief that
ruin would follow the overproahction which
existed In their own Imagination. that they sold
their companies coal for future delivery al
September prices. or ventured their own for
tunes upon the hazard OF short sales Of coal
securities.
MuTTLATED SILVER CERTIFICATES Secretary
Sherman has decided that silver certificates
mutilated to the extent Of one-tenth or more
must be presented for redemption TO the Treas
urer OF the United States. in accordance with
he regulations governing the redemption OF
United States notes-that is. that silver certih-
Gates mutilatad to the extent of one-tsnth. but
not two tenths are redeemabe at nine-tenthS oil
full face value. two-tenths. but notthree- tenths
nc eiRht-tenths Of their full face value; three
tenths but not four tenths. at seven-tenths Of
Ar.t- Iva. anth h1t ar m