The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-07-23
IFINANCIAL AND COMMERCIAL.

RrINANCIAL AND COMMERCIAL.
TRADE ITEMS. ETC.
I ,rbera was little more activity on the cot
4 . tan side OF town yesterday. The market
S rnjad weak under the influence OF the free dis
IA .x,.a,tion to sell manifested ON the part OF
Il hnidsrs. The position of the future market at
New York was barely steady, with sales Of
ass.0sDO bales, at decline Of GOT points on the
cloafng quotations Of the previous day. A
asbetter feeling prevailed in spots, with q
marked Improvement in the sales. Liverpool
rallied little and closed steadier, with sales
II 400 bales, of which 1000 bales were for ex-
Il uortand speculation. The Manchester market
was quiet and steady. At Havre cotton was
dull and declined fraction.
y frhs stock OF cotton now at New Orleans
comprises II, 808 bales, against 1878 bales az
Y tie same date last year. OF this g542 oaies
are Id presses, unsoid or awaiting oraefs'
land 1855 bales on shipboard. The stocK ~
u New York is 1o4, 395 bales
81 The demand for open kettle sugars con-
! tIn11eg good, and holders are not much y
clined to sell unless they can feailzA tnelf
price. There Ia no improvement 70 the e.
mand for molasses; the market contlhues 20
I rule steady.
The fn,r trade yesterday was dull, SO far
as sales were concerned, but the rapid recoy-
xYe cry of prices for wheat In the markets OF the
west inclined holders to firmer Ideas. The
= s.reeeipts thus far this week have been 719O
u barrels. Stocks are light.
81 Provisions have been unsettled all the week
@ and prices have sharply declined on all
Y stables. The changes, compared with last
Friday, show decline of 50175c on mess
4 nork. re on bacon and cut meats, Ic ON lard
and 11sas4c on sugar-cured hams. The adj
vices from the West yesterday indicated that
i The downward tendency in prices had re-
& neiyed q check, and that tended to check the
q decline here. The supply, however, is accu-
mulating, and prices are easy, there being
i hut a limited demand for round lots.
@ The purchasing price OF silver bullion at tn Q
NJ New Orleans Mint Is now 81 IL $40 per ounce.
Tne death Of the Prince Imperial, 1t Is said,
has improved the credit OF France. French
per cents are higher than ever before.
number Of first-class passengers to Europe
!. decreases, the tons Of freight increase. That
means good money in our pockets.
AT London yesterday the money rate was
AsaH per annun; silver stood at 81 4, and U.
j 81. per cents at 1855 At New York 4 per
& cents were at 1o2ssN01O211as; In New Orleans at
Il i02Ga1024.
State Consols opened at All, went down to
No. and closed weak at 4o116s094oss, against 4214
4 arr on Monday, with sales OF S2o4,eoo
Y Premium Bonds closed at 257sf926, against
25z9012g5}s on the previous day, with sales Of
j $4,000.
Mr. William FL. Vanderbilt purchased on
the nineteenth instant at the sub-treasury at
New York $400O000 worth OF per cent
United States bonds as q personal invest
msnt The bonds were Of $4,000 each. The
treasury clerks say 1t Is the largest invest
ment In securities by an individual on record.
IS For the first six months OF 1879 France I'M
ported nearly SIS, 0oO,0 900 worth more OF food
supplies than in the corresponding term last
year. The indications seem to be that this
rate OF importation, ut least, will have to be
Kept up for the remainder Of the year. There
y should be some comfort In this fact for Amer
\ lean farmers
4 The st. Louis Republican, abiding to the
enlistment Of boys at New Orleans by the
captain Of the Wachusett, somewhat petu-
y Iantly asks: isn't this D risky sort OF busi-
9 ness, by the way, for our worthy Secretary OF
Y tile Navy? The first thing he knows the New
York Tribune, or some similar organ, will be
threatening to keel-haul him for putting rebel
boys In the service"
The more that is learned about those al
1 Pged fishery privileges for which the United
States were compelled by the Halifax award
topay five millions and half, the more
Z evident does it become that the blue-noses
got decidedly the best Of the bargain. The
latest Investigation shows that the value Of
all the mackerel caught In the Gulf OF st.
Lawrence during the five years covered by
j the treaty does not reach one-fifth the amount
aOf the award.
According to the San Francisco CONNER
eal Herald, the foreign export Of wheat from
B that port for the year ending July amounted
q to 10 100000 centals equivalent to 100000 TONS
Or 1861. 900 bushels. The reports for the
y preceding year were 100000 centals, and for
1867 they were 10,425,000 centals. The ag-
gregate exports OF wheat and flour last year
amounted to 100000 tons. tits estimated that
i the surplus available for export this year will
not be less than 100000 tons, and many esti-
4 mate that it will reach 100000 TONS The
1 wheat is generally Of better quality than last
q year.
The science of railroad building out West Is
.developing some new methods. The old sys-
hm Of getting road-bed over great eleva-
ton was to distribute the grade over as much
space as possible, which necessarily made the
work very expensive. The new plan Is to fol
low the "lay of the land as nearly as posi-