The weekly democratic statesman. [volume] (Austin, Tex.) 1871-1883, 1879-04-03
aEarket Repor,s.
OFFICE or FORSTER 6 Go,
BANKERS, AuST,N, TEXAS,

. March 20, 1879.
The dizziness IN trade continues, ve'
, there is a bu' yAucy in fiaanclsl arc
commercial circles that argues favora-
bly, for the future.
The activity in Gotten reached 1. Toe
fever heat during the week; prices,
with the exception of one dsy. went
up, and holders We're smiling. To.
iay'S reports are not 50 favorable. and
G reaction Is in order. The rtc-ipts
this year are 2SS, 6o6 bales more ,hsn
they were to the same day Of the noah
in 1878, and $50, 3s3 bales more than
to same day 10 1877; yet the visible
supply OF cotton from all sources up
10 March 81 STOW declSase Of
=9e,o s3 baIes as compact with
the same date of 1878, and decrease
OF 900, S26 bales as compared with tie
corresponding date of 1877. II we
compare prices current in Liverpool at
the same time, we fad mi3dlug I'd
lands on the twenty-second of Na-sn
1879, 5 5-Sd; same grade and same
date, 1878, Sd. This is the jis:ifca-
ton for our belief that pr ces are not
yet the highest OF the sessos.
Liverpool reports a quiet msrke.
with slight resction. New YORK
spots ruled dull, and futures easier.
New Orleans was firm, and at Calves.
ton buyers and sellers were apart At lOc
for middiing. Our market is Quiet but
tirm, with small offerings. We cuote |
ordinary at 81 10 s.; good Ordinary, |
IA 10 lac; low mrddling, s 3 1 10 |
&c; middling, 8 IA To Lac.
Shipments from Austin since sar-
tember l, 1878. to March 81, 1879.
%, $50 bales; by International from |
March % to Mach 2S, 1879. 5 bales;
by Houston and Texas Central sos
bales; total bales to date 80. 961 bales.
Wool is inactive at the North. Low
er prices have TO be accepted IN order
to make sales, for manufacturers buy
only for absolute wants.
Hides arc somewhat firmer. The
stock which arrives IS more or less
damaged; dry flint brings 10 to lie;
greco sailed to &c.
The demand for grain continues
good. Corn, in sacks, sold at CSC, and
oats at 4Oc. Wheat is scarce at IS to
SOC.
There is less activity in hog pro-
ducts. A good deal of Texas bacon,
shoulders aud hams are coming upon
the market, which interferes with the
sale of Northern productions. We
are very glad, indeed, to see this COM
petition and hope the business of cur
ing and selling pork and rendering
lard will continue to grow.
Flour is In good supply and prices
are easy.
Coffee has advanced about lac for
the lover grades and sugar is barely
steady.
Money remains in good demand;
rates are stiff at l to ? 1-2 per cent.
per month. according to collaterals or 4
names offered. Everybody watches
re action of the Legislature, for il (
will largely depend upon that body to L
yet large amount of money aflont. t
*. accounts have declined to Soc, n
arge lots changing hands at that price. s
treasury warrants bring 81 to 81 1-2c., il
according to numbers. Pension Ger
ltcates have been selling at 65 to G6c. 8
Bonds are dull and lower. Pension v
ponds are offered at 10l with 100 bid y
or small lots. City of Austin bonds j
ire firm at 102 bid, with none Offering.
There are no Travis county bonds on e
he market. They are held as an invest 81
nent. City water works, 2is, are Of b
ereo at Toe, but cannot be sold; we o
uote them nominal, ct SOC. b
Land certificates are dull and lower. o
Alternates are offered at SAG to S4S q
or round lots. Straights bring, when b
wanted, 500, aud InSernationa!s sold il
t $3.50. T
Exchange is quiet at 3-s to 1-2 per il
emit. premium on all points. II
FRANCIS i. FORSTER.