The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-08-07
FINANCIAL AND COMMERCIAL
TRADE ITEMS, ETC.

TRADE ITEMS, ETC.
The position of the cotton market yester-
day was unsettled and weak, prices being re-
duced 15c further under the influence of the
large offerings. The demand was only mod
crate and the sales aggregated AS bales.
AT Liverpool spot cotton was heavy, at a
desline of I'd, with sales Of 1000 bales. Fu-
lures opened flat, with no buyers under the
3-l6 decline, but closing firm. At Havre hold
ers were pressing sales, and the market y
reported as declining rapidly. At New YORK
spots were steady; sales 1893 bales.
The chief topic of remark yesterday was
the sudden and unexpected advance q futures
at New York. For several days previously
they had been declining, but yesterday ~
=nbuIIs,' were in the ascendant once more. Inc
reports from New York represent the aaVauce
Id futures to be % points on August aeilNe.ae''
% points on September, Il on Octopet' po,i1s
November. December and January, anu -
points on February and March deliVeries.
Az usual On Wednesday, there was very
little business done at the sugar sheds, ana
prices ruled steady
The demand for grain was moderate and
prices were easy, ruling IN favor Of buyers.
Trading In -four yesterday was not very
spirited. The sales covered about 1900 bar
res, and nomnally the market was steady.
Provisions In the deal yesterday were a
shade firmer on cut meats and bacon, and
steady on other products Of the hog.
The Increase of flour mills In the four States
OF Illinois. Wisconsin, Iowa and Minnesota,
t1--A tS1
The stock Of cotton at New Orleans Is now
1928 bales against $3.50 at the same date last
wear OF this, $500 bales are in presses and
1903 on shipboard.
II ID stated that more of the public domain
has been taken up by actual settlers during
the past four months than ever before In a
whole year.
The area of arabic land In the United States
Is estimated at 100000, 600 square miles. The
amount LII actual cultivation ID only 275 100000
square miles.
The annual drive OF cattle from Texas Ii
about 175ooo head, and there Is no question
Of the ability OF that State to keep up that
large supply.
The arrivals Of new cotton at Galveston yes
terday were 21s bales. This cotton, we learn,
was from Indianola and was intended for
New Orleans, but owing to the yellow fever
scare 1t was sent To Galveston instead.
The Cincinnati Commercial insists that the
price OF a postal order should be reduced from
twelve cents to one cent, and that such orders
should be Issued by every postoffice, making
the postof1iees the clearinghouse of the peo-
pie"
The demand for shares In nj. de Lessepss
Panama canal scheme according to foreign
dispatches, Is not excessive in any part of the
world. Cautious people cannot soc how the
company ID to divide S5,oD0,0o0 a year among
the shareholders during the five Or ten years
employed In the construction of the canal.
--4-
The public debt has increased over six mill
lions OF dollars in the last month. The fact
that d large amount was paid out for arrears
of pensions partially accounts for the increase,
but not wholly With reduced interest on the
public debt amounting to more than three
millions month, there ought to be a better
exhibit than the one published.
State Consols closed steady yesterday at
/,
with sales of S360O0 Premium Bonds ruled
at 2211s0122a4. against 231s@239s on the pre-
vious day, with sales Of S17,50O. AT New
York Louisiana Consols opened at 80 and
closed at 370g3s1a, with reported sales OF only
$4,000
The Galveston News, of the fourth instant,
says: The hot. dry weather is forcing the
niv,tr a,I ,,,,ln hare oyn
great changes for the better in the way Of
general rains over the State, 1t is calculated
that heavy falling off will be experienced
Id receipts about the middle Of next Novem-
ber"
The St Louis Journal OF Commerce pub
! fishes letters from most OF the Western and
y Southern States, par ticularly from country
merchants all of whom note large Increase
or business, rapid restoration Of confidence
among all classes abundant crops, general
prosperity, and bright prospects for the fu-
ture In all departments of trade
The actual annual commerce OF Mexico with
other nations according to the latest official
data, Is as follows: Imports, $40, 100000; ex
ports, including So 100000 of precious metals,
S2s, 900: total, S5s, 100000. Compared with
the population the total equals So 80 for each
inhabtant, while the United States equals S27
per head, Cuba Sl20 per head, Spain SIT per
head.
The debt and interest of Tennessee Is S24,
S57,115, though the debt Us scaled will amount
to little over S12,000000, the interest to
about 100000, requiring tax Of less than
IS cents on the $780,, in addition to the amounts
from other sources, such as privileges and
the 100000 from railroads, to pay this and