The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-08-02
FINANCIAL AND COMMERCIAL.
TRADE ITEMS.

TRADE ITEMS.
relative to the cotton market but little can
~ aid. The movement throughout the week
nos been unusually small as compared with
any week during the present year. Under
M influence of the unsettled position Of the
markets abroad and the free offerings, the
market has ruled easy, with decline OF 4c
ner pound on all grades.
The demand yesterday was limited, and
holders we're anxious to make sales for the
reason that they We're forced to accept de-
cline Of 1sc on the previous days closing,
with sales Of only 200 bales.
At the sugar sheds holders have not mani
tested much disposition to get rid OF the
small stock now remaining in their hands.
For sugar the demand has been fair with
strong feeling prevailing in prices. The move
ment In moasses has been light, with
steady feeling in prices.
III grain the demand has been small ana
confined chiefly to the home trade. o.
stocks are large and the 1eelllg III pli'o0
easy.
Provisions, all things consldeTeu, nave uono
fairly we'll during the past seven Gays. lc ls
true. not many round sales were mace, out
business In q jobbing way was active through
out and prices steady.
There was nothing particularly new or IN
teresting In the flour trade during the week
which closed yesterday. The trading was
largely done in q iobbing way, with fair and
moderately satisfactory movement and prices
which. although somewhat lower than on last
Friday, showed increasing steadness at the
close, with sales yesterday OF about 1000 bbls.
IN corn meal there has been moderate inn
proyement In prices. m..
The new bale of cotton, the first of Louis
lana ginned received here was sold at the
Cotton Exchange yesterday at 1875 per pound.
To-day and MOI day will be observed as
holidays at Liverpool; consequently no mar
ket reports may be expected from that port
until Tuesday.
The stock OF cotton in New Orleans Is now
Ge57 bales, against 1858 bales at the same
date last year; OF this 3779 bales are In
presses, unsold or awaiting orders, and 2S7S
bales on shipboard.
we learn from Mr. j. W. Harmon, acting
record clerk, that the coinage at the New Or
leans Mint during the month OF July,
July, amounted to $4,000 in standard silver
dollars, and $4,000 Of double eagles.
Twelve millions Of dollars are invested in
Coney Island improvements, while 1t is esti-
mated that $4,000 would have bought the
whole island ten years ago. So much for
changes III fashion.
The amount of national bank notes re-
deemed at the United States treasury dur
ing the fiscal year ended June 30, on account
Of failure, going into liquidation and reduce
ing circulation, was 81 1864 5.-.--.. .=
The Louisville Courier-Journal prints an
interesting account OF one Of those wonderful
California wheat fields. The farm In ques-
ton, belonging to DR.. Glenn, the Democratic
candidate for Governor, includes $4,000 acres,
of which Al, 900 are In cultivation.
State Consuls closed steady yesterday at
361 1885,, against s67s@365s on Thursday,
no sales being reported. Premium Bonds
closed at 23a4@235s against 2324@4 on the
previous day, with sales Of $4,000 AT New York
Louisiana Consols closed at 36s4@37a4, with
sales Of $4,000.
Among the daily occurring indications and
proofs Of the fact that prosperity is returning,
the statistics Of railway earnings for the past
year are extremely significant. Advance
sheets OF "Poor's Manual" show gross earn
ings for the year Of 100000, 500, against S473-
100000 for the preceding year. Western rail
roads have an unusually large share of the
total and the increase, both In gross and net
earnings and lii the dividends declared.
Secretary McCrary asserts that there is no
foundation for the story that the admlnstra-
ton has determined to withhold any portion
OF the sums appropriated In the river and
harbor bill for public works. 1t would be i'm
possible he says. for the government to pay
out the whole S9000,000 at once, and as
measure Of relief to the treasury he has be-
gun by authorizing the expenditure Of sums
appropriated for the works which are most
urgently needed.
Official returns show that during the
twelve months ending June, I1 ,93l emigrants
arrived at New York, against 100000 the year
previous-a gain of 3ss69. The New York
Commercial Bulletin says:
"A The outlook for the year to come is even
more favorable, all the steamship lines, who
are always well informed in this matter, an
t1cipating q heavy increase from the British
Islands AS well as the continent. Bismarcks
tariff and military preparations must stimu-
late the German movement, while the agri-
cultural distress in Ireland and the industrial
depression In England can scarcely fail to
swell the exodus from that quarter.
n The new postal law, says an exchange, In
regard to the prepayment Of postage on let
tiers, went into effect this week. Heretofore,
as our readers are aware, all letters INSULT
sciently stamped have been forwarded to their
destination and the amount due collected of
the person to whom they were addressed. The
amended law requires posNmasters to place