The weekly democratic statesman. [volume] (Austin, Tex.) 1871-1883, 1879-03-27
HIarket Reports.
OFFICE OF FoRsrER e. Co., !
BANKERS, AUSTIN, TRx1s.
March 90. 1879.

March 90, 1879.
We have to report q dull buAinees
during last week, except in cotton,
which has steadily advanced IN all the
markets, and especially SO in Llxers
pool. AS the season advances II BE-
comes clear that even a Eve and
quarter million bale crop is not too
much for the demands Of tho world,
and prices are not yet at their beat.
though a reaction is likely 10 take
place on account of too .apid "a al
vance.
Liverpool reports the market Cup "
New York hesitstes. but is higher;
New Orleans, Galveston, and Housfan
are all buoyant aud stfoaf. = Our own
market 10 excited and fguEea 70 no
booming, witd kilograms from IN
quarters to buy, bat unfortunately re-
ceipts are small. We quote: 0fdi-
nary, 1-2c. good ordinary, 2 Sac.
to Sc. low middling, 1-2c. to SO 4c.
middliDg, &c. to 0 lac, with d marked
tendency to higher prices.
Shipments from Austin since
September 1, 1878, 70
March II, 1879, bales. 23.045
By international, from March
IS to March 81, 1879.
By Houston and Texas Cen
trail, do. 81
Total bales. {. 20, 500
Values for wool show no change.
The outlook is unpromising. The trade
north is quiet; mills are well supplied.
A large clip is anticipated. and We be-
lieve that lower prices win rule, the
drst sellers will obtain the best prices.
Hides are dull and without change;
ten TO eleven cents ia the ruling price
for dry flint.
Corn continues firm, stocks are small
and sixty cents 10 bid. Data bring fofff
cents readily, and wheat seyenfy-lve
cents from niillers. Flour Is IN ample
supply, and our Texas -four taxing the
place OF Northern products.
There was a slight decline In hoe
products in the lightning Of the week
since recovered. Bacon Is quiet At
O lie. 70 GS-4c. for clear sides. lard
brings 3-4c. in fierce and &C. ia
buckets. Good hams are scarce a.
90. TO 10c. The lower grades OF eoffs6
have improved lac. 5alt supplies
here are full. Sugars are in good de-
mand at reduction Of lac. 70 lie.
on all grades.
The monetary sltuelion At present Il
one Of stnngeDcy. Az eyes IRE turned
toward the Legislature. o. X. &C.
counts have declined 20 S2c. 70 e3e.
state warrants bring Csc 70 9Be., with
sales Ut &c. tor low renif-
tered numbers. Pension Certificate
CSC. 70 zoe. and Halls Ger,
tIfcates are Insaleab.e.
We have the firm belief that TIE
Legislature will provide Tor every insl
claim against the State, and b1ne the
finances Of Texas for once upon The
1rm basis Of expenditures being
squEled by receipts. The de6cioncg
bill bags fro Il
he committee room. Its aeenitude
. perplexing the hoDonbls mem
'ers how 70 meet its Feqlin-
nents; with the new tax bail u
operation, much more revenue VII Le
'aised and the people feel il bat fn1is
cctly, yet Law ought 10 he passed ,
which the deiicierties, II any. cah b.
'srertained from the cofnp'roller's g..
,ort ~ glance. Asit noH stands, no
ne knows, NOT even tue Cofap-
roller himself, how much the bfafn
ives on valuable and jast claims. This
going Il blind in liaaDce u. 70 say
be least, q very dan zeTous method
nd calculated 70 lead tie bafe inlo
IgickmiFes aDd deprecistsd credIt.
FRAscEs y FonsIER.