The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-10-02
FINANCIAL AND COMMERCIAL.


TRADE trEMs. ETC.
On the cotton side OF the town yesterday q
fair business was done. The market opened
weak nitdbr the influence Oh nnfavorahe aa-
vices from abroad, and the decline was 4 q per
pound. but later, however, ii better feeling
prevailed and the sales aggregated 47oo bales.
Tho stock In New Orleans is now 81, 6B4 bales,
against 1896 ut the SANS date last year. or
this aB,0aj bales arc In the presses and 4,G4J
bales Tn shipboard. Or these laet sloa bales
e,Ipr Liverpool, 1901 bales for Hasre and
$3.50 bales arc for the North Sea.
AT New York tho spot market declined tao
but closed steady, with sales Of 3322 bass, and
800 bales delivered on contracts. Futures
advanced from one 10 five poInts, and closed
strong. The stock of cotton LII Now York Ii
now 1865 bales,
The Liverpool cotton market declined Va,
with sales of 5000 baloa, III which 64ao were
wAmerican. Tho receipts at that port were
5000 bales, nf which 555 we're American. Flu
lures opened Mt t-tGd decline. but closed
steady. The Havrc market was dull nt lower
prices.
Ia sugar and molasses q small business was
u done. ana the market ruled firm.
Grain was not much inquired for, and In
consequence Or tho light supply prices are
firn.
Flour was quiet but firm yesterday. We
heard Of somo offers on large lots. but this
bidding was below tue views Of sellers.
Pruvlsona. 10 general way. were flrmer on
account Of the somewhat improved demand
Y and the low condition III tile supply. This was
particularly tho CASE with mess pork and
bacon sides.
The steamship II. w. Harris cleared yester-
day with as,0i7 bushels Of wheat In bulk.
United States four per cents ruled yester
day Ut New York ut lots bid and III London
MI 105. The money rate at New York wRs 7
per cent.
State GpnHols closed yesterday at a1' .dQ40.
against 3aato on Tuesday, with ono reported
sale pf $500. Premium Bonds closed at 2711sso0
27ss. against 2714Ga2Tas On the previous day,
with sales OF 100000. At New York Louisiana
GonsolB were quoted ut 39n bid.
The Supreme Court vi South Carolina has
decided that the bonds Issued under the act
reducing the volume VI the public debt arc
valid obligations Of the State. except certain
Glasses Ut bonds issued for the relief of the
TREASURY or In exchange for the second Issue
Of bonds for the payment Of interest on the
public debt.
az tho immense NUMBER Of cattle raised in
Texas some idea nlRy be formed from the fact
that UP 10 August IA lnst $500 head of cat
tie thls year had passed Forth Worth on their
way w tho famous pasture lands III Kansas.
In addition 70 these, $4,000 more were on the
road To Fort Worth. Yoarlings sell In kansas
at $a to $a; two-year olds at s12; thrae-year
Odds ut I'D %. and beef steers at SIS 90.
Dealers In this city we're busy yesterday, |
mote 40 than they have been for mouths past,
tlling orders for city and country customers.
In fact, portions III our city presented u more
lively, hustling appearance than they have
since tho early part VI lust spring. These
signs are heralded as omcns Of good time IN
The near future.
Willie rejoicing over the greatly increased
prosperity that enabled us to export $Ti7 ,oa3,-
1T7 worth Of products during the last fiscal
y year. we are humiliated BY tho fact that only
S1225s9, 5as, or about one-sixth Of that vast
amount was carried LII American ships Not
lass than $4,000 900 probably more than
SI2Ugu0 ee0--wers paid by our producing
classes % the owners of foreign vessels. be-
cause we haven't craftsmanship enough In
this country to encourage the building up Of
q commercial marine. Tho foreign ships that
carry the bulk OF our exports would never
have been built but for governmental encour-
aRement Of the most substantial kind
The Chicago packing since the close or the |
regular season 10 about 900 hogs, against
1,65T 300 to date last year. and 100000 to date
in 1877. Packing operations have increased I
somewhat Ia proportion to the larger receipts
Or hogs. The number 81 houses engaged Ia
slaught has been Increased slightly.
while those houses which have been engaged
heretofore have been cutting d largo number
OF hogs TO provide for outstanding contracts
Cutters FOR the foreign markets have been
running their houses at their usual rate-the
increase being mainly among the houses
curing for the home trade. Lard 70 made
quite freely. as the quality Of the hogs and
the course Of the market encourages its pro-
ductiun Long and short clear sides are made /
quite freely. AZ the stock has been well cleared
IN, and the demand for them is fair. Short
rib sides are also cut freely to meet contracts
made for future delivery.
The New York bank department has caused
somewhat of a futter among the officials of
the savings funds VI New York city by send
ING them q circular asking an answer to sew
eral .punEent inquiries as to what they do
with their funds. The superintendent wants
to know whether trustees are paid for SER
vices as chairman or members Of committees;
whether money has been paid for entertain
no III suppers for the trustees. for gifts to
n ars or others, or the widows Of deceased
officers, or for Christmas or wedding gifts to