The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-10-16
FINANCIAL AND COMMERCIAL.


GU an advance oil NO per pound. In The morn
Ing the market was firm, but the tenor OF the
reports from other prominent markets caused
1t to close quiet.
At New York spots were firm. and TIL bales
were sold and t7oD delivered Oh contracts. The
stock now ~ that port IL ss7a1 bales Futures
declined To II points, with sales OF 1871 900 bales.
the market closing weak.
The Liverpool cotton market was steady. With
sales OF 5000 bales. OF which 1900 we're American,
and 1000 for export and speculation. The re-
eeipty DIT that port yesterday were 1850 bales, OF
which 5000 were American. Futures opened
irregular and rather daarer. but closed weak
The price Of Middling Orleans cotton at Liver
pool is now 15-16d. against a.tBd at the same
date last year.
Naturally, at this season Of the year. the sup
ply of sugar and molasses ls very light and
holders are very firm
The stock III grain continues very small, ows
Ing the difficulties OF navigation from the low
water In the upper rivers The inquiry Is
good. and prices remain firm.
Flour yesterday yielded to the strong pres
sure OF the advance In wheat at the West. and
was marked np t2taGp25e per barrel. with sales.
holders at the close generally retiring all strict
fancles from the market under limit of ~ 25p
SO per barrel The demand YVES good, and
the sales exceeded 1900 barrels.
In the line OF provisions there was nothing OF
interest yesterday. The movement was heavy
and prices barely maintained The market
was bare pf bacon sides. but dry salt shoulders
and mess pork were In good supply and easy.
The Clyde Ehtp-huilders have advanced their
rates for the construction VI new vessels about
q HoyereiRn per ton to meet the advance In Tue
price OF iron.
The frnn nhca iHo
penses of his department for the ensuing fiscal
rear Mt about s4o,nonooa, or about $4,000 600 In
excess OF the appropriations, This large
amount he says, liz neeessitstsd by the inereas-
Ing demands Of the West
The improved demand foe iron has led to
great activity In the English trade and the effect
In perceptihle In an advance. not only In prices
but In the wages Of workmen. The business
"hoom" seems to be gradually reaching them
over the water.
GoIEa Ur.--Reai estate s on the advance III
New York city, and many new buildings are
going TIP all over the town and Its suburbs |
Thus far 1850 new buildings have been erected, |
the aggregate value of which Ia GIG s51 ,tl2. The
real estate boom Is coming Ii will reach New |
Orleans In 9 few days.
In State Consols yesterday there was more
Tor the past two months. The sales aggregated
sleeeee. and the market closed eteady Dit A IA
&5as, against 44ssee ~. Oh Tuesday. In New
York Louisiana Gunsois sold az high as 4GA
the sales La that city footing up $4,000. Pre-
MUM Bonds showed an advance closing at
27ss@as, against 2Tsf@2Th on the previous lay.
Sales $685. $40.
During the past fortnight there hive been
fffYs6f faf1 rt,oFp
shops" but are also denominated blackboard
exchanges Ia New York and elsewhere, These
have fourished during the past two or thfea
years lii Chiergo, New York. Philadelphia Gin
rinnnti Milwaukee, ut. Louis and perhaus
other cities. Their business Ia to afford facil-
Ties for gambling on the prices of grain. Pre-.
visions and socks.
4S--------~------~
From thu report OF The United States Agrfoul-
iural Bureau of the condition Of The cotton crop
this month, a. compared with the preceding
one. published IN another place In this morn
fng's pnper 1t will To seen that only one State
South Carolina, shows an Improvement aud
that OF only per cent. The reports from he
remaining cotton q ates show II deatease ra ng-
Ing from ner cent to Fer cont Louisiana
showing the heaviest Decrease
EToCK SPECULATION. The New York Tribune
comparatively quiet yesterday the transactions
having aggregated hnt ass 900 shares. the lowest
Of the week, Taking the week as a whole how
eve. the aggregate IL unprecedented Ia tae
Pnnals OF the Stock Exchange. having exceeded
2,Toouuo shares. representing n par value VII
over s9oo.uDonfa. The dealings Ia Eric stock
alone amounted to nearly l.ooo.ooo shares
Commercial aavices from Franco ate taat
fhA In ibnrt, N
continued Increase Of Temperature hnvs very |
favorahy affected those crops which have nat
vet been hal vested and particularly III the vine1
distrtets. where the vinteTe Is expected to be
small but pretty fafr Ill quality. The iron trade
~ hardening Slightly but generally and tho
tendency To improve n heenming more marked,
The woolan aud cloth trades are more act lyn AZ
the cold weather draws near, though prices arc (
very unremunerattva and the same may be
said OF the silk trade. The cotton Industry il
sadly depressed, and several Of the auinning
In the neighborhood of Rouen have \
been closed for time. Tn consequence of tho Il
losses sustained. 5@MMs5 m5 =
Tar BUSINESS Or Ellr Es.-The exchanges st
the TWENTY-FIVE cities having clearing houses !
for the frat week In October. amount. accord \
Ing to the Public TO saft1ss n1s. az egaina $685.,
sSs, $3.50 same week year ago, an increase Of All
per cent. Outside Of New York they we're s2l7,-
30, $40, Hs against slga Bog year ago an In
,rease or 90 per cent, giving very satisfactory
evidence Of business except as to San Fran
cisco. The returns Of all the other cities of
arga commerce show important gains In COM 9
parison with those Of tho corresponding weak n
]f 1878, and ct several points the jncreS SO u q
peculiarly encouraging The large increase
d transactions At New York for the last week
vas, Ill part. due to the immense magnitude
" stock operations. but the increase In cx-
'hangea arising from other business IVES prob. ii
IDLY over 40 pei cent, The gain of 3Ss per y
'ent at Chicago was nearly Bs large at CIeve-
and larger al. and at New Orleans despite
he distractions to trade which low river and
Quarantine oecasionad. the gain II $40 por
'ent. The PittshurE return ia unusually small |
or that city, where gains have been In order re-