The New Orleans daily Democrat. [volume], June 20, 1878, Page 2, Image 2

About The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880

Image provided by: Louisiana State University; Baton Rouge, LA

                
mmOnercial and Financial Iatte
The highest recorded price of gold durd
the Confederate war was $, on July 1, 1
and the highest price of cotton was $1 91
pound, on August 27, 1884.
There has recently been organized in Eng.
jahd an association for the ultimate establish
ment of a line of steamers for the importa
tion of horses from this country. It has a
eapitt1 of a million dollars, and persons of
high rank are giving it their aid. This trade
is becoming an important one, and in a short
tIme Is likely to be one of large profit.
A Chifago commercial paper Is crowing
ever the superior solvency of Chicago mer
chants over thoseo! Boston. It declares that
the failures In Boston last month, as com
pared wlith those in Chicago, afford an ind(ex
to the relative condition of business in the two
citles. In Boston the number was fifty-four,
with liabilities aggregating $1,254,019; in
Chicago only eight, with total liabilities of
$107,188. The Chicago paver falls, however,
to mention the extraordinary number of fail
ares and bankruptcies in that city during the
month of April.
'bhere was a large movement yesterday in e
5tate and city securities, with an advan in ti
rates. State Consols opened at 77/ and went I
tip to 18, $115,000 being sold at that figure, but 9
afterwards slightly receded, closing active s
and strong at 77'/,@77%/, against 76'/4@70y on P
the previous day. The sales footed up $727,
'O0. Premium Bonds opened at 33 ,, and a
. losed steady at 331 i@33l , against 93%3@33% v
the day before. The sales of this class of P
aecurities amounted to $150,000. Stocks were p
Mh moderate request, but only 32 shares are p
isportedis sold, of which there were 7 shares f
od St. Charles Street Railroad at 79, which, we
believe, is the highest price paid for that tl
stock for many months past. r
The ninth annual report of the Cincinnati d
$oard of Trade, just issued, shows that in
1817 there were in Cincinnati 5183 manufac
turing establishments, emplo'ying $57,838,592 r'
} ash capital, occupying $47,464,792 worth of b
S a.l estate, employing 64,700 hands, and turn
.:aig of $135,129,768 worth of products. The b
i dwiot is a little above $2000 for each hand 4
i loyed. It reports 6023 houses built in Cln- c
- UaDt during the year, of Which 497 were )
ack and 126 frame. There were made dur
iE.tg the year 86,309,400 cigars and 1,204,00Q9
l-Cgrettes. In the tobacco line, 4,093,411 p
pounMds of fine-cut chewing tobacco were man
i~trtUred. The cash capital invested in man- n
is $16,000,000 loss than in 1875, and I
t 7;evalue of real estate occupied by manufac- n
1d49r is $15,500,000 greater than in 1875.
It will no doubt be interesting, by way of t
*0nparlWon with the expenditure of our own t
government, to give those of a city like a
tiore. According to a recently rendered 13
report the appropriation bill passed a o
Sdays ago by the Baltimore city council
the support of the city government the a
. geat year appropriates $7,197,889. Of q
kils $1,951,000 is for interest; $1,888,000 is v
oor the payment of tomporary loans and other 9
ltoting indebtedness; $175,000 is for the lire t
Sdepartment; $246,000 is for the health deprart- a
s1ut, including street cleaning; $179,000 is for t
the city commissioners' department--street, t
eswer and other similar work; $210,000 is for t
$4ke harbor board; $751,000 is for general ex
penditures; $637,000 is for the public schools;
195.,000 is for the police; $167,000 Is for the
poor and $254,000 is for the courts. The city f
tax; rate for the present year is $1 90 on the
lO0." , which, with the State tax, 18 cents, r
takes a total of $2 08oH on the $100. Balti
r1, unlike most other cities, has an income ]
derived from intereot and dividends on Its in
; vestments; it is estimated at $2,314,000 for
the present year; so that the amount to be
Aig ed by taxation is only $4,4063,000.
Though we are now in the dull season of
year, we cannot but observe many signlfl
It indications of a revival in business 3
"throughout the whole country. Officlal re- j
'crtc and private letters from all sections in- J
- aliably represent the crop prospects as
being exceptionally bright and encouraging.
, The decks are pretty well cleared of all mer
Sentile "lame ducks," and conlidence, the I
great foundation of business, is being most 1
rapidly and generally restored. In fact there
" are just grounds for merchants, bankers and
commercial men geonrally to take a hopeful
view of the present condition of btisiness, and
`.to speak to each other In a more eneour
Saging tone. There Is altogether too much
S.croaking. Let us have done with it. The
aggregate bank clearings of the principal
mIties for the first week in June are encourag
ing, showing a perceptible gain In the amount
of business done. The figures themselves ex
hibit a decrease on their face, but this appa- a
rent loss is converted into a gain when it ap
pears that the decline in prices has been
greater than the decline in clearongs. The
igures of 1878 represent a larger business for
.-, every $100 than those of the year before. The
following from the New York Publicshows the
amount of exchanges during the week ending
June 1 at San Francisco, and June 8 at eolgh
teen other cities;
1878. 1377.
New York ....... $374,239,182 $404,159,247
.Dton .. .. 42,181,604 42,455,112
ladelphia.. .. 39,002,223 36,780,310
S cago . ....... 20,806,845 23,034,218
t ............ 9,950,917 11,332,228
aFrancisco*.... 9,838,364 5.665,740
BLtimore.......... 9,791,223 10,276,017
t. Lous...... 9,622,721 10,263,709
Shew Orleans..... . 6,490,280 7,602,059
Miwaukee 4... 4,532,128 4.881,862
Louisville...... 4,123,267 4,717,309
Pittaburg..... 3,930,734 4,026,142
Providence............ 3,182,600 2,934,200
leveland....... 1,218,29 1,377,32
' Indianapolls.......... 1,069,318 9(59,245
Tew Haven . 701,207 754,619
. Joseph . 350,000 6(;,783
owell.. 238,530 273,500
S Total ....... . $514,618,441 $577,145,354
Outside New York. 167,377,259 172,986,107
On Thursday there was an emigrant ar
rested in this city for passing two $50 bill sin
United Istatrs currency. This man had re
cently arrived in our city, and asserts that he
received these bills as a portion of a remit
t.noo from the "Old Country" through his
consul in this city. Numerous cases of this
kind have been recently reported in the jour
male of New York and Philadelphia, and it
has been found out that a deputation of
s: sharpers have been for some months busily
"', engaged in Europe in .palming off to emi
', nte counterfelt bills in our currency for
d and silver. This subject should engage
particular attention of our national au
. The New York papers are filled
of innocent emigrants and trav
.-ti ng thus victimized. A young girl who
arrsEt , ai that city from Hamburg during
Spast .wee brought with her two $2 coun
i blls sh* wa m ed ar . m
'4- a
young Amerl.an gentlemaWt, who arrived
from the same city, brought with him two
worthless $50 bills. A oonsiderable amount of
the illegitimate paper must be in ciroulation
at some German ports. Unless steps are
taken to suppress the nefarious traffic, not
only will emigrants be swindled out vt their
little money, but many of our citizens, who
are now enjoying themselves in Europe, will
return to their homes much poorer than they
were when they left the other side of the
Iocean.
t Messrs. W. P. McLaren & Co., well known It
authorities of grain, write as follows regard
ing the wheat prospects:
From none of the winter wheat States, say
Californa, Texas, Tennessee, Kentucky Vir
ginia, Maryland, Pennsylvania, New York,
New Jersey, Ohio Michigan, or Southern.
Illinois, are complaints current, while from
the great spring wheat section. Minnesota,
Wisconsin, Iowa, and parts of Nebraska, Kan
sas and Illinois, the prospects are thus far
generally good. It would, however, be folly
to argue from this that with the new crop s
wheat is to become an article of such abun
dance as to supply all the world and his wife at
prices far below present limits, and still leave
a large surplus unconsumed. Accidents may
yet befall the new spring crop before har
vest and threshing time have come round,
and experience has shown that the first pre- K
dictfions of abundance are almost certain to be l
exaggerated and that with increased produc
tlon comes largely-augmented consumption.
It has been seen that despite the large yield
of the 1877 crop, stocks as well as reserves in
farmers' hands are light, and it would be ab- ,
surd to count on unlimited supplies this cam
paign before the extent of the yield has been
ascertained. Individuals who travel over "at
least 75,000 miles" within one hundred days N
and who have discovered the proportion of
winter wheat raised in this country to be 75
per cent-whereas those practically acquaint-,
ed with the facts estimate it at from 50 to 62i
per cent--may comment as glibly as they 0
)lease on the unheard-of abundance and at
fabulously low pricer yet common sense will r6
guide the opinion of those really Interested be
In the trade, and load them to the view that nc
the chain of events accompanying the matu
ration, marketing, and disposal of the 1878 t
orops is not likely after all to be so entirely i
dissimilar from that of preceding years, b
The St. Louis Republican has this to say 12
regarding the increase In the value of green
backs caused by the bill passed by the United
Statee Senate, and the effects of the same:
The Senate has passed a bill making green- u
backs rpceivable the same as coin for 4 per ai
cent bonds, and after October 1, next, re- 01
ceivable for customs duties. It is the com
plement of the silver bill, and Js Intended to '
facllitate resumption. The House passed B
a bill to repeal the resumption act, hut the N
Senate took a wiser view of the matter and
passed the present bill instead. The differ- V
once is Important. The repeal of the re
sumption act would degrade greenbacks by
making coin more valuable than they R
whereas the Senate bill adds to the value of I
greenbacks by givin them powers they did
not possess before. Heretofore an Importer e
could not pay duties with them, and a citi
zae could not buy United States bonds from T
the government at par with them. But now I
they are available for both these purposes,
and their value is correspondingly increased.
The Eastern financiers have been asking of
late how the treasury is to avoid a depletion B
of its gold after resumption begins, if gold vi
shall be worth even a slight fraction on the Fi
dollar more than greenbacks. They have Y'
assumed that if gold continues to be one
quarter above par the holders of greenbacks X
will demand it for shipment abroad for the L
purpose of making the profit. But the Sen
ate bill goes far towards answering the ques- T
tion. By investing greenbacks with all the
attributes of coin, and giving them power to ai
r do anything and everything that coin can do ,
the premium on gold will be destroyed and o
there will be no demand for it after resump- e
tion. The people will just as soon have
greenbacks as coin; indeed, they will prefer T
them, on account of the greater convenience
of handling and carrying them. The whole o
0 volume of them now In circulation will, there- 4
fore, remain in circulation after resumption,
and the coin hoard in the treasury will re- o
main there as the ultimate guarantee of their ti
redeemability. e,
15
FINANCIAL AND COMMERCIAL. a
MONETARY.
OFFICE NEW ORLEANS DEMOCRAT. 1 s
Wednesday Evening, June 19, 1878. I
iNW ORLEANS (CLEARINO( OUVL
ClOarings. Balances. n
Junel5 ............... $11r1.748 38 $154 271 58 r
June 17.......... 1.21i9.381 04 196.48 97
June 1H................. 1,116,291 30 183,131 61
June 19 ................. 1.508,373 30 327,069 29 n
Total thus far .......$4997,798 02 $860.811 46
The offerings of commercial paper are small
and notes for money are easy. In securities a
e large business was transacted, and rates ruled It
t firmer at a further advance.
e We quote exceptional paper 7@8 V cent: Al
I do@eto; second grade do --@-: loans on col
I laterals eOs; Al mortgage paper 8K@10; second
grade do --@- N cent per annum.
Gold Is steady. e
Foreign Exchange quiet.
Sight steady.
8 State Consols active and strong at 77Y@77%. I
Premium Bonds steady at I33~@::3.
Stocks In moderate request.
t Gold opened in New York at 100J. and closed
at 1003,. here it openod at lo10101!. and s
closed at 101( 10134. Bales-52000 and $1000 at e
STERLING-Dull. Bank bills -@4885K, com
mercial 4M4 @485.
n FRANCS--Bank france -. commercial 5.1754.
SIGHT-Bank sight Y. commercial and bank
ers' 1-16(3-3-2 F c nt premium.
NEW ORILEANS STOCK EXCHANGE SALEH.
B0EOND cALL. 12 M.
$ 512.000 State Consols.....---............... 77
1.009 State Consols. ... - ..................- 77'
Io.(w,) State Consols (8.30)............ 77 1
THIRD CALL, 2 P. M.
7 shares St. Charles Street R. R. Co. 79
100 shares BSate Bank, on basis of old
. stock (4.78) ..... . ......--..-. . 57
2$7,500 Stat COoesols................. ..... 77
0 1o.cDo SHato Consols. ..................... 77%
810,000 Premium Bonds (B.to drawing) .. 33:
i Privilege on $10,00ooo0 Premium Bonds...... c e
OUTHIDE BALEB.
7 es shares N. O. InsuranceAssoclat'n 27
9 35.0 oooPremium Bonds ................... 83
S70.000 Premium Honds........ ....... s93
2 35.o000 PremlIum Bonds ................. ...3
S .6000o 8tate C ,nsols ( .6o)............... 76
2 3.o000 State Console (8. 60o) ............... 76
so ooo 8tate Consols .... 7Te6
so oo0 1tate Consols....................... 7s%
20.000 SBtate Consols..................... 77
5 2a.540o State Consoles.......... ......... 77.'7
9 115000 State Consols .................. 78
12 145.000 State Consols ... ............. 77
3 25.ooo State Consols ................... 77
c 250,000 State Consols ... ..............77
IB, Telegraph.l
r LONDON. June lo.-Consols-For money :a5 7-16,
17 for account 95(.
1Bar silver is quoted at s3d per ounce.
r l'is, June 19.-Rouentes 11f 60o.
COMMERCIAL.
OFFICE OF NEW ORLEANS DEMOCRAT, I
SWednesday Evening. June 19. 1878.
Is GENERAL REMARI8--Thls has been a very
Is hot day, but the heat was somewhat tempered
r- by a steady southerly breeze which blew during
t most of the day.
of Owing to unfavorable advices from abroad the
y feeling in the Cottonmarket is easier, and sales
d- were restricted to only 350 bales.
, To day there:was a sale of 5o00 bbls of Flour
for export to Liverpool, but beyond this there
was but a light movement, sales footing up 956
bbls-the market ruling quiet and unchanged
in prices.
The reported sales of Corn Meal were 195 bbls
o at from a 246 to . 0 s; the 0to bbls sold at the last
Snamed figuare being city meal. The prices of
"' goodto oholse Westera are rallsng at U 42
n-per bbL
and the market is slightly easier. The sales
amounted to only 1150 bags, at from 1co to so 0a
per bushel. N
Provisions generally continue to exhibit an
upward tendency, and there are more buyers
on the street than sellers. Holders of Pork will 1
not sell at less than $10 o 'P bbL r
There was to.day a further advance of #c on
Dry Salt Meat. the demand being good and the ac
supply small, while Bacon is 3e higher, with a {2
good demand and light offerings. SI
COTTON-There is no particular change to
note in this market, with the exception that the
feeling in prices is easier. Influenced by the
unfavorable diespatchs from abroad. The st
1 transactions tOday were confined to 960 bales,
The following is the omicial closing of the Cot
`on Exchange:
To-day, Yesterday.
Low Ordinary ................ 9`. 9 b
Ordilnary ...................... .4 93
GoodOrdinary...........t0 10
ow Middlin .............. 10 6
M ddlin .... ...............U UI 30 3'
iood Middling............12 12
Middling Fair .................nom 0c
Sales to-day 850 bales. Market dull. '
COTTON STATEMsNT. 7
In store and on shipboard Sept. 1. I77. 21,856
ross receipts since yesterday 259
Gross receipts previously ..... .1,7,974-1.,658,232 l
Excess in actual stock made from
linters, loose, etc., since Septem
ber ................................. 12825
T otal supply.............. . .. ...- . .. . 1,692.413
Exported to-day ............. 4,670
lxported previously. ... 1,047;626-1.652,296
Total stock this da ..................... 40 117
Total stock this day last year... .... 80,376
The exports to-day were 3487 bales to Liver- 1
pool and 118 to New York.
sret receipts since yesterday ........... 258
elpte from other borts.........
et receipts last Wednesday .----. . - .- 246
~t receipts same time last year...... 329
Net receipts since Friday ....... . .. 1,442
et receipts same time last week...... 1.784
Net receipts same time last year...... 1.604
Net receipts since September 1......... 1,.:3,329
Net receipts same time last year....... 1.173.202 t
Cotton on shipboard as per account ot the at
Cotton Exchange is as follows: Liverpool gi
9447 bales, Havre 89,8 Bremen 527, Mediter- 01
ranean -, Spain-, coastwise 725; total. 11.95 7,'
bal Thistaken from the stock at noon, as n
not at the ohange. leaves in presses 29,022
The receipts at all orts, consolidated, as per l
telegrams to the Cotton Exchange, show totls n
from noon yesterday to noon to-day ot 1561
bales, against 1920 bales last Wednesday, 1372 .7
last year and 1299 the year before. St
The movement at ports for five days, up to L
12 m. to-day, is given below: 3
Received Same time Same time I
since Friday. last week. last year.
lew Orleans .....1,442 \ 1.784 1,s504 s
avton ........ 879 1.1R 821
Mobile............ 372 711 467 (
Savannah. ....... 1,513: 1,3' 1.135 el
Charleston ........ 127 279 125 P
Wilmington ....... 207 13.5 22
Norfolk ....... .... 778 1.166 263 4
Baltimore ......... 9 17 23
New York......... 47 118 204 A
oton ......... 46 167 1.047 3
iladelphia ...... 23 0 494 2
Various .................. .
Total......... 6,725 7,869 5,0C6
Reeeiptsat ports since September 1.... 4.190.11 A
Receipts same time last year.............39o4,o03 (
Receipts same time year before........ 4.044.36 A
The consolidated report for five days gives g
exports to
G. B. Fr'e. Con. Chan. Stocks
This week..... 10.767 .... 1,o6 .... 19...3A
Last week-...... 9,347 3,944 5,184 .... 229.436
This week last 31
year.......... 9,817 4.002 100 3,209 2!'9,472 A
OCEAN FREIGHTS-Are quoted as follows:
By steam-Cotton to Liverpool 5-16dc®8P to Re
vel -d; to Bremen -d; to Boston, Providence,
Fall River. Philadelphia and Baltimore, via New
York ia; to New York go; grain to Livernool
4sed., and - to Bremen w quarter.
By sail--otton to Liverpool 5- i6ad ; to Havre
1c; to Bremen :c; to Genoa 4@le: grain to
Liverpool 7Md.
dUOAR-Receipts 1s hhds. Sales o o hhds. a
There is a fair demand and prices are firm. C
We quote: Inferior 4406@53; common to a
good common 6'~ase' : fair to good fair 8%@ b
7%4c; fully fair 7%@(70;o prime 7Xc: strictly k
prime 77@6i Ro; gray clarified -@--o" yellow c
clarified, as in quality, s18%@8o: off whites, '
good to choice. o9: white clarified 9@9'4. 9.
MOLASHES-Rece opVs a5 bbls. Bales 20 bble, u
The market is quiet and steady. 11
We quote: Common 22l2;o: fair 25'l9:
1prime a2@8cs strictly prime ae@s:0; choice a
FLOUR-There was a sale to-day of 50o bbls of
flour tol go forward to Liverpool. but, apart 7
from that transaction, the market was dull and I
the movement light, with prices ruling qulet, I
easy and unchanged. Sales--8 bbls at 13 75:
125 at 4 50:2at 5: 60o att 26: Io 0 and lOe at 5s 4: 1
50, 05 and so at $5 6o: 26, 40 and 76 at s5 76; 200 to g
arrive on private terms, and 500 for export on
private terms.
We ucote: Fancy choice (o 50@ 75; family sl i
@5 60; trebles, low to choice. $4 50@5 f
doubleextras at 2594 60; single extras $3 76@4;
superfine 800o@a 75; common IS. Dealers
in their trade obtain an advance of 5c 'P bbl on 6
these trices. t
CORN MEAL-There were some sales of city
meal made to-day as high as $2 60. but the 1
s range of the market on good to choice Weotern i
7 was quiet and steady at $2 45@2 so I bbl, ex- t
landing. Dealers still jobbing and retailing
Snout of store at $2 75 , bbl. Hal s-40 bbls at
- $2 45; 26, 40 and 50 at $2 60; 4o at 32 do F bbl.
S (GRITS-There is a steady demand and prices
. continue to rule firm at t$3@3 256 bbl fr good
to choice Western ox-landing in round lots.
On job lots dealers obtain t3 25@3 so, as in qual
lty and brand.
CREAM AND PEARL MEAL-S3@3 10 '
bhb as in qunallv.
HIOMINY-Wholesale $2 75; jobbing $3.
COW PEAS-The stock being greatly reduced
and the season about over, the market is very
dull and prices have heavily declinrul. We
quote low grades 50@0oC, good mixed 75.c@.1.
clay $1 25.
PORK-The upward tendency In prices on
provisions ontinues, and to-day we hear of
more buyers than sellers, Bilds or $lo on Mess
Pork wore freely made on lots of 100o. o20 and 25o0
bbls, holders, in view of the limited supply on
the market and the upward tendency in prices,
declining to sell at less than $10 25. Early in the
Sday one receiver sold 75 bble in lots at $o10, but
Ssubsequently held firmly for an advance. Deal
t ors' rates are still quoted S1o 50@10 75 in the or
der trade.
- DRY SALT MEAT-The strong feeling in the
market noticed in our reports yesterday was
followed by a further advance of 3c to-day.
SThe supply is small and the demand good. We
now quote shoulders 4%e for loose and 4%c for
packed, dealers charaging an advance of %'0 on
these prices. Sales--3 car loads boxed shoulders
(last eveninu) to arrive at %c. 50 boxes do to ar
I rive at 4%c ' lb.
S BA(ON-The market is stronger and 3e
4 higher to-day, with a good demand and light
offerings. We qluote shoulders 3k4('46':c. clear
rib sides Ie., nd clear siders 6k4c. Dealers' prices
are 3o higher. Salpes--2o boxes shoulders at
5sc; 5 casks do at 5%c; 5 boxes clear sides at
Aan e.nd a annr. rel at Po
6o~. and 4 nasi(s o at Ge.
HAMS-Although prices have sharply Im
proved they are still below a proper parity with
the West. The feeling is strong and values stead
Ily improve. We quote plain hams s; ,@9c and
choice sugar-cured at lo@ie. as in size, qual
ity and brand. Dealers' prices are ..l1c above
these figures. Sales-25 tierces at 8%c.
LARD-The demand for lard shows a mod
erate improvement and prices are steadier but
not quotably higher. We quote refined lard 7V
S756 for good to choice, and packers' prime
steam 6X%7c; kegs 71Xj c. and pails 7%@8c.
Dealers' rates are Mc higher.
BREAKFAST BACON--The supPly on the
spot is scar'e. and the market is easier for
choice goods at 7%@71c; dealers are charging
7%@s,48( for small lots.
FULTON BEEF-Half bbls $9 75; extra West
ern mess $10@112 bbl.
PACKERS' HOG PRODUCTS-Dealers are
selling on orders in the job trade at, $5 75 i
half bbl for pig pork, s 50 so bbl for prime mess
pork, $8as 25 for prime pork, and s8 6o for
rump nork.
COFFEE-There is no material change to note
in prices, and the demand is moderate.
QUOTATIONS FOR GOLD.
Oargoes. Job Lots.
Prime............ .16%@17 17 @173
Good........ .. ..16 @16tc 1%C@(1ýC
aair ............. ......153015 15x@155
Ordinary...... ...13%@14 14 w14t4
Extreme range..... .............. 11(ilt17
TOBACCO-Sales 45 hhds. The stock is es
timated at 6100 hhds.
QUOTATIONS.
s Inferior lugs............................ 2 2
Low lugs ........... .................. ... 2
Medium ............... .. ........ 354@ 9K
Good to fine .... ......... .......4 4 4X
r Low leaf ........... ....................... 4@ 5%
SMedium .. .... ................. 7
G ood .......... ..... . . .......: . . .... . 73 @ 8%
6 Fine ..... .......................... 9 @1o
I Selections .........................10 @12
CORN-Slightly easier and in moderate re
Squeet. Sae'a--s0 sacks Yellow mixed at 51c, 200
yellow and soo white at 521, 200 do and 150 yellow
at S3e bubshel.
i OaT$-Are in fair demand and the supply
0 larg. S.l's-S· o bas (laleis at 313e, and 2oo
I$ 1oBi rbegest. 800 bags sold
HAY-Large stock on sale and market quiet.
1hoie 40; rime $11 500312t ton.
BUL)K CBN- Th- market is dull. We quote
No. 2 mixed at 4@44c.
BUTTEtt-FaI .stock and in moderate re
quest. N'w York creamery fine 230250. New
York dairy prime o09 2c. New York dairy good
18Y19 ; Western creamery 1820.o, Western dai
ry 11®160c' lb.
CHE HE--Is in light demnnd. New York
cream 12c. Ohio factory 7c 9 lb.
POULTY - Old chiockens 4@04 25: young
$2@s; ducks $20@ ; geese $4@5; turkeys
1lo012 N dozen.
MTAR3fl--In fair demand at 8io in lota.
POTATOES- Western nominal at -@- P
bbl. Of Louisiana potatoes there is a fair
stock, with a light demand; prices easy at
$1@1 25 P bbl.
ONIONS - Western nominal. Louisiana
onions are in good demand at $1 75@2 25 P bbl.
SWEET POTATOES-Nominal.
CABBAGES--Are steady. Louisiana cab
bages are quoted at $2 00oa 3 50 ooe.
BEANS--Northern 3a2@l, Western 2%@2%o
EOGG--Western lo@l1.; Louisiana 1@leo 'P
dozen.
RIIE-Firm: demand good; No. 2 4c:o;
common 65Gasl5N,. ordinary "i(45ec fair a6'4
%ci, good 6s@0%c,. prime 06%@7c. choice t7hi
71 'P lb.
SALT-We qnote dealers' prices from their
warehouses at 85@900 P sack for coarse; $1 06
@1 to for fine. Turk's Island dull and neg
leoted; held at .u@rca ' bushel. Table salt in
pockets I @13 eac1 h as in size.
WHISKY--The demand for this article is
moderate and in prices scarcely any change
from day to day. We continue to note old
stock neglected and dull. We auote choice
Cincinnati $1 0a@1 0, fair to good Western and
Louisiana six per cont $101 08oa.
WOOL-SmalI lots of the new crop are coming
in, but meeta poor market and nominal prices.
We quote burry 9@lo; Louisiana clear ls82oe;
lake 21@22C ' m.
COTTON TIES-Are quoted at $2a 'P bundle.
with discounres acording to quantity.
**-- ~c---
MARIETS BY TELEg.APH. K
Domestic. d
NEw Yox, June 19. 10:50 a. m.-Coffee dull;
sales-8796 Burgomaster, 2(000 Horrax and 2100 I
at New Orleans, B. M. Welsh on v. t. Raw su- li
gar quiet and firm eatles-700 hhds and fi
others rumored: refining fair to good fair 7@ II
7?i. Refined sugar moderately active: prices ti
nominally unchanged. Linseed oil-57458.
S3:25 . m.- Coffee-Nothing doing: prices ti
nominally unchanged. Raw sugar qulet. Ite- s
fined sugar moderately active; prices nomi
nally unchanged.
CnlOAOO. June 19.- Wheat opened at 91'4
I July. Corn-306% July. Pork-S9 45 August.
$9 cotl 65 September Lard-6.lYr August.
Later-Wheat-92- 4 July, 64' August. Corn
37 bid July. 87' August. Pork-0- 20o9 I22
July, $9 37K August. Lard-6.8s asked July.
6.95 asked August. Dry salt meats-Looseo-
short rib 5.2o. short clear 5 40.
Union Stock Yards.-Hogs-Estimated re
celpts to-day 18,000; official yesterday 15,7RA;
shipped 2030: light $3 05R'3 65, heavy mixed
packing $h 55@3 90 for common to chol.ce; heavy
shipping 3 70@(3 lo. Cattle-Estlmated receipts
4509; market dull, r
1 . m.--Mrning Call-Wheat-a96' bid June,
92% July, so% August. Corn-36's?'a(7 June, 37 t.
S3725 July, 37.@4a.7 August. Oats-24t (cash.
23" July, s'3 August. Pork-S9 27'1 July, t:
e$9 42.t 45 August. Lard-6-.85@6871 July,
6.95t~6 97J3 August. ,
3:3o p. m.-Close-Wheat--24 July, @s6,r@
August. Corn-37~ June, 3752(37'0 July, 37;4
(037% August. Oats-2Zt5 June 23~ July, 2:54
August. Pork--So 17W July. 69 3254(9.35 Au
gust. Lard-6.85 July, 6.92% August.
fT. LouIs, June 19.-Oponlng-Wheat-87% bid t
SJuly. Curn-35% bid July. 1
1 p. mr.-Wheat higher--No. red 89 July, 88
August $1 01 cash. Corn higher-.-36 bid July. 1
a6o bid August, as5 cash. Oats flrm- 234 I
August, 94t1bi925 cash. Pork stronger--jobbh g I
at s$ 40(459 6o. Bacon bett, r--thoulders 5a5t%,
clear rib sides 5%( ;, clear sides n..5 . Cut
meats very firm. held at--Shoul'ers 45., clear
rib sides x,1, clear sides R.@54. Whisky higher
at $1 06.
1:15 p. m.-Wheat-s89O July, as August. Corn
36 July, 36N August.
Foretgrn.
LiviE.rooL, June 19. 12:30 p. m.-Cotton 11 ull
and easier; Middling Uplands o6d. Middling
OIleans 6 7-11ed; sales-800) bales, of which 1000
are for export and speculation: receipts 69oo
Sbales, of which 550 are Ameriran. Wheat mar
Slet firm, though millers are buying cautiously;
cargoes of spt ng off the coast In fair demand-
i, No. 1 9s ed, No. 2 9ls ii: Western spring as lOd@
95 4d, do winter 10o1@o0 3d; California club
. nlet; prices unchanged; market sff.cted by
light shipments from America. Flour-Western
canal 92n1@4a. Corn quiet but firm, with a light
a speculative demand prices unchanged: new I
22s@225 6d. old 278 a3d27s 9d. Weather rather I
f unfavorable. Oats-2s 941. Pork-Prime mess
Western 421 6d. Lard-Prime Western ass ser.
Bacon-Long clear 26s 6d, short clear 29s. Tal
low-American 875 34.
1:45 pD m.-Wheat steady-California club i
los ldOUdB 2d., do average los odolos 1od. Corn
3 quiet.
S3 p. m.-Bae'on-Cumberland cut advanced 6d
and firmer at 278 ad, Hams-Long cut advanced
5 is and firmer at 45s, shoulders advanced 64 and
5 firmer at 248 6d. Beef-india mess deelined is
and dull at 849. extra India declined 14 an 1 dull
at 934. Cheose-American choic' steady at 455
D 6d. Wheat dull and lower; spring as lid, win
ter 9s 9d.
y LONDON, June 19, 2 . m.-Flour dull at 25s.
e Wheat-Cargoes off coast s'eody: several taken
n for the Continent; Chicago 43.s404 6d, red win
ter 475. California 494; cargo'"s to arrive-Cht
g cago 41s. California just shipped 47s, nearly
t due 48s ,d. Corn-Cargoes off coast steady at
23, 6d; to arrive henvy at 21tp 6.
s Imports into the Ursited Kingdom during the
d past weIek: Flour-Upwards of 110.io qouarters;
4. wheat-upwards of 395,000 quarters; corn-up
wards of 350,00.o quarters.
Mark Lane-Wheat and corn heavy.
u. _m s
THE SINGER
Sewing Machine,
Acknowledged by all to be the best. It is the
only machine unscrupulous men have ever at
tempted to imitate, which is sufficient evidence
of its superiority over all others.
Beware of worthless Imitations.
No second-band machine dealor has the new
Genuine Hinger Machine for sale. Those they
offer are either BOGUS. or OLD ONES painted
over to deceive.
No "Singer" Machine is genuine without the
above Trade mark on the arm of the machine.
The company have but one office in the city.
The Singer Manufacturing Company,
myl4 2m 85 Canal street.
TO THE LADIES.
B.D BILLE has returned from Paris and
opened an office at 195 Vanal street. betwee
Dryades and Ramvart. Dr. Blle has the Be.
cret of Ninon de l'Enclos, who, up to her deatt
in her seventy-second year of age retained th"
beauty, vivacity and spirit as when she war
twenty years oi age. By Dr. Bille's treatment
which is pleasant. even enjoyable, ladies can do
away with all cosmetics and paints, as the skit
becomes soft and white. the eyes reafin their
wonted lustre and strength, and vivacity re
turns. The old become young, and the young.
who have ruined themselves with late hous
and excesses, become beautiful and full of the
vigor and fire of youth All diseases ant"
troubles peculiar to liaies treated by a harmies4
and painless 'method. Oonsultations and cor
repsondeace strictly confidential.
deetf DR. RTT.T, . P a... 'nnal qt- .,
FOR THE VERY BEST
- AND -
NEVER FADING
PHOTOGRAPHS
GO TO
LILIENTHAL'S,
21 ........... carnali 5isnwt .. ..121
U -qao.m~na3
CITY COUNCIIr-:.0FFICIAL.
ADJOURNED M3gTINg.
CITY HALL, Nsw ORLEAN,
Wednesday. June 19, 1878.
The Council met this day at 11:30 o'clock
a. m., pursuant to adjournment.
Present: Hon. Ed. Pilibury, Mayor, pro
siding; and Administrators Brown, Cavanac
and Denis.
There being no quorum present, on motion
the Council adjourned to meet to-morrow at
10 o'clock a. m.
THOS. G. RAPIER, Secretary.
SUMMER RESORTS.
TEGARDEN HOTEL, MISSISSIPPI CITY,
Miss., under the management of Col. J. O,
NIXON, is open for the season.
Rooms large and airy, offering seclal ad.
vantages for families, assuring them all home
comforts. Fish. Oysters and Crabse and Fruits
and Vegetables raised on the plac6, In abun
dance. Beingdirectly open to the Gulf Halt
water Bathing is at all times certain. 'Terms
moderate. e 2mam
POINT CLEAR.
HE CITIZENS OF NEW ORLEANB AND
vicinage will beglad to earn that the superb
new Hotel at POINT LE will be oqened b
May 1. POINT CLEAR tar
combines more advantages both for the seekers an
after health and pleasure. tian any ther water- m
ing place in the iouth. Situated in Mobile Ba an
within a stone's tbr,ow of the Gulf of Mexico, lof
boasts surf bathing, pure, health-giving salt set
air, the finest fish in the world, fineboating and On
driving billiard saloons and ton-pin alleys. of
The Hotel is new, and has, with its surround '1
ings, been so improved as to make it a most de- frc
lightful residence for summer. The beds and col
furniture ore also entirely new, and the cuisine 1
is especially excellent. There is oommunica- No
tion with Mobile twice daily, and iarties leavi ngs
New O0 leans in the morning arrive at the Hote rol
to dinner. The charges are moderate an€
special terms made for families.
For particulars address TI
H. 0. BALDWIN, Proprietor,
Point Clear
Baldwin County. Ala.
or PATTISON & BOVARD. A
72 and 74 G' avier street. re
ALFRED FRELLSON.
api 3am 67 Carondelet street.
H1ONTROSS ANDI SHADY GROVE, ch
BILOXI, MISSISSIPPI,
Now Open For the Reception of Guests.
THE UNDERSIGNED TAKES PLEASURE
L in announcing to his friends and the
traveling public generally that he i able this se
season to offer increased comfort and addi- Dt
tional accommodations to his many patrons. Dl
Having leased the SHADY GROVE HOTEL for wl
a term of years will keep same in connection th
with the MONPRO,1 HOUtIE. Both hotels
have bein thoroughly renovated and refitted, in
situated directy on the beach, affording a fine es
view of the Gulf of Mexico. and offering boat
Ing, bathing and fishing of the finest descrip. hi
tion. No expense will be spared to make the w'
Montross and Shady Grove Hotels first-class in ill
every respect. Terms reasonable. Special ON
Rates to Families and Permanent Guests. in
Meals to Excursionists $I. with privilege of m
bath-houses free of charge Adodress
P. J. MONTROSS. Proprietor, no
or E. H. FARQUAR d'
mys 4m P. 0 Box 1977. new Orleans. at
GRAND ISLE HOTEL.
JOHN P. KRANZ..............Proprietor
OHS KRANZ....... ..............Clerk A
I JOHN H. KRANZ............. Superintendent o
SITUATED ON THE GULF OF MEXICO.
THE MOST DELIGHTFUL BURF BATHING
IN THE SOUTH.
I NOTED FOR ITS HEALTI-RESTORING tt
QUALITY. L
rrHE HOTEL HAS BEEN ENTIRELY RENO. t
t vated, a large number of new cottages added
to the former hotel buildings, and entirely re- a]
rfurnlehd in elegant style. A new railroadand
cars have been built. connecting the hotel with a
the steamboat wharf and the beach, and addi- o
tional bath-houses built. The roads have been cl
thoroughly repaired. Good facilities for fish. tl
SIng, bathing and game. n
For further particulars apoly to C. STROBEL, ti
No. 44 South Peters street, near Poydras. ,
myl7 3am
BARNES' HOTEL, f
1 MISSISSIPPI CITY. ti
/r1HE UNDERSIGNED HAVE LEASED FOR
I a term of years this celebrated Watering w
Place. n' ted for its he.althfulness, beautiful
scenery, FINE SEA BATHING and FISHING, .
semi-distant from New Orleans and Mobile, on
the New Orleans and Mobile Railroad. a ride d
It from either city of only two and a half hours.
and accssible by direct railroad and tele
g'aphic communication to all parts of the
country aund with accommodations unequaled
by ANY HOTEL ON THE GULF COAST,
We have completely refitted the house, and
intend to make BARNES' HOTEL the most
comfortable and desirable house in the South.
both for SUMMER and WINTER RESORT. I
Invalids will find every delicacy, comfort and it
attention while the votaries of pleasure will be I
furnished with both BItASS and STRING
MUSIC. TEN PINS, BII,LIARDS, SHOOTING A
G LL tRIES. APRCHERY, CROQUET, AND
ALL OTIIEt GAME8 productive of health
Sand amuslement. t]
The Bar will be furnished with Wines and a
Liquors, PURE and of the best to be pur- I
chased. d
We appeal, by right of our past reputation as
liberal Hotel managers, to the generous sup
port of our neople, for whose beneflt we make.
as below, our rates as low as consistent with
keeping a FIRST-CLASS HOUSE.
Guests will be received at any time from date.
The House will be fully opened on the first of
June. TE
TERMS:
Board. per day . ......................... s o a
Board. per week............................ 15 00
Board, per week, per month.............. 12 00
N. B. - FREE OF CHARGE.-Excursionists
and other parties will find at Barnes' Hotel J
magnificent Picnic and Encampment Grounds
of fifteen acres, shaded with live oaks, with
privilege of Bathing and Fishing, and are
cordially invited to partake thereof
CHAS.E. SMEDES Agent,
JOHN E. ROWLAND,
mvi 2m Proprietors.
Warm Springs,
8 WESTERN NORTH CAROLINA,
Is NOW OPEN
For the Recepteion of Pleasure Spekers
and Invalids.
rHIrq LOVELY PLACE IS SITUATED IN
id Jhe beautiful valley of the French Broad.
a within eight mies of railroad.
e- We have a fine Band of Music, attentive ser
tL vants. and all other accommodatlons to be
' found at a fir-t-class watering plae. .
For particulars, applp for dscritptve pam
t thleet. W. H. HOWERTON. 1
S my29 Im Proprietor. I
ir STOC-KTON IIOTEL,
a. CAPE MAY. N. J.
SCH A RLES 1UFFY,
II (Of Continental Hotel. Philadelphia.)
a Proprietor and General Manager.
r SeasOn 1878 -O-pen June Is.
REDUCED RATES TO PARTIES REMAIN
- Ing one Week or Lonaer.
NoTy.-Wetake great mdlasure in informing
our patrons that a new Passenger Elevator and
Eletrlric Bells (in every room) have been added
to the Hotel. myI25 2m
SIs acknowledged to be the
) BEST AND CHEAPEST OF ALL
SOAPS.
It is manufactured with BORAX, free of any
ADULTERATIONS.
Pstented and manufaetured bv
5. H. EELLER.
sets tr sa Serotarterstead
CATHOLIC. LOAN.
STATE OF LOUISIANA.
DIOCESE OF NEW ORLEANS.
Loan of $250,000
Issued by the Board of Administrators of the
Roman Catholic Church of the Diocese of
New Orleans, at their meeting of the eleventh
of January, 1878. with the authorization and
approval of the Holy See. bearing date, No.
vember 8, 1877.
Said Loan consists in an issue of
2940 MORTGAGE BONKD
Divided into four series, as follows:
Series A, 40 ]onds of $1000 Each.
Series B, 10 ronds of $200 Each.
Series C, 1000 Bonds of $100 Each.
Series D, 1800 Bonds of $50 Each.
These Bonds, dated January 1,1575 are s gned
by the President, the Treasurer and the er
tary of said Board of Administrators, with the
seal of the Society affixed to eh a
are paraphed "No Varletur" by Octave e Ne
mas, a notary public in this city. They bear an
annual interest of 6 per cent net from the date
of issue to maturity, which interest is payable
semi-annually as per coupons attached. viz:
On the first of July and on the first of January
of each succeeding year.
The capital is payable at par in twenty years
from date by drawings to be effocted annually,
commencing January 1. 1882.
The interest and curtallment are payable in
New Orleans. New York, Rome Parts. and in
several other cities of the Unit Htaes and Eu
rope. which will be hereafter designated.
THE SUBSCRIPTIONIS OPENED IN
NEW ORLEANS :
AT THE ARCHBISHOP'S BESIDENCE, 0Se
retary's offlce.
AT A. CABRRIEE & SONS, Commission Mer
chants.
AT THE PEOPLE'S BANK,
AT THE HIBERNIA INSURANCE COMPANY.
OBJECT OF THE LOAN.
During the crisis which followed the war of
se.ession and which weighed so heavily on the
State of )oul'yiana the Administrators of the
Diocese of New Orleans assumed liabilities
which they have determined to lluuldate. In
the past year a betb r state of affairs loomed up
in the financial sltuati in of the Diocese. That
improvement will Increase as the rate of inter
est claimed by Its creditors Is lessened.
The conventional rate, in Loulsiana, Is too
high for a religious society the revenues of
which, though entirely secure, are nevertheless
limited, for, such a a ci'-ty cannot look for
eventual profits in contingent undertakings or
in speculations altogether inconsistent with its
missi'n of benevolence and charity.
Therefore It is not with a view of creating a
new debt that this loan is negotiated, but in or
der to unify and consolidate anterior liabilities,
and obtain their gradual and regular extino
tlon by means or the ordinary revenues of the
Diocese, and without endaingerir, the ohurch
property, although affecting it. Such is the
plan positively approved by his Holiness Plus
r IX and unanimously adopted by the Board of
Administrators of the Roman Catholic Church
t of the Diocese of New Orleans.
S SECURITIES.
The Diocese of New Orleans, a corporatiin
constituted under the laws of Louisiana
the name and style of "THE ROMAN CAT
LIC CHURt:H OH THE DI(OCESE OF NEW
ORLEANS." affords to its creditors securities
that are both material and moral.
As a corporation legally instituted, t Oto0.0
all the rights and privileges of a civil body, It
can contract debts, acquire, borrow, alienate
and mortgage its properties, whether movable
or immovable under the prescription of its
charter. At their meeting of January 11. 187
the Council of said ooriety unanimously deter
mined, for the reasons above stated, to issue, at
the rate of 6 per cent, a single loan ot $2a0,oO,
secured by a special mortgage on all tile mort
gagable real estate of the Dioocee; and there
fore by a deed dated January 2, 1818, passed be
fore O. de Armas, notary publin in New Orleans,
the above resolution was carried Into effeqt, by
the granting of a speclal mortgage on all the
mortgageable real estate of the Diocese to secure
the Bonds thus issued, which said mortgage
was duly recorded, as will appear by certifi
cates of the Recorder of Mortgages annexedto
said act in the oflic9 of said notary
Besides this solid guarantee, said cororatio .
pledges its honor and good faith for the faithful
edischarge of the above obligations.
REAL ESTATE OFFERED AS
ri SECURITY.
From the official report recently made to the
Holy Oee, the Church property of this Diocese
d is divided as follows:
Independent or unmortgageable prop
3 erties valueII at about................$1,020,000
3 Morgageable properties valued at its
D minimum rate........................ ,0 000
h This latter, the only real estate affeted by
the mortgace aforesaid, and worth double the
d amount of the loan, inclndes several buildings,
lots fields and other productlve properties not
dedicated to the worship of God.
PAYMENT OF INTEREST - RE
DEMPTION OF CAPITAL.
At their meeting of January 11. 1878, the
Council of the Corpora lon ascertained that,
outside of the u ual and irregular receipts, the
annual secured revenue of the Diocese, after
deductl n of the costs of administration, leaves
a surplus of s$iio.oo that can be disposed of semi
annualy; and it was resolved th 't
1. For the punctual payment of tht, Interest on
b the loan a sum of $12.500 shall, from the first of
al January, 1i87. and thenceforth yearly be re
l served. appropria ed and deposited in bank to
meet theose interests.
e 2. A rimilar sum of $12,500 shall also, annu
ally, from the first of January, 1882 be reserved,
appropriated and deposited in bank for the
gradual curtailment of the capital, andsoon
every year until Its entire extinction.
a. That. in no case and under no pretext what
ever, these sums reserved, appropriated and
deposited shall be used for any other purpose
than those above expressed.
9 SUMMARY.
From what precedes it follows
That the loan is negotiated with the sole
object of liquidating all former debts.
r That it repre-ents the liahilities of the "'o
diety of the Roman Catholic Church," which are
thereby unified and consolidated with a re
duced Interest.
N That It is secnred by a special mortgage on
d. properties worth five times as much as the
amount borrowed, and therefore amply sul
rcl dent to guarantee both the payment o interest
)e and the redemptlon of the capital.
Consequently the Mortgage Bonds of the Dlo
- cease of New Orleans constitute a flrst-class In
vestment, with moral and material securities
but seldom offered to capitalists.
-tN. J. PEIRCHE, ArchbishopD
MuLtr. V. G..
Administrator of Finances. asp2~
Furniture
-AT
JOIIN BOIS',
d I.t, 154.......uCamp street....... 15, 1i4
" Is now prepared to sell fine as well as ordinary
New Furniture at greatly reduced prices.
Country orders respectfully solicited.
P. 8.-Also Furniture taken on Storage, and
Second-Hand Furniture bought, sold and en.
changed. One price only on each and every
article. No deviation. Country orders prompt
Iv fllluel. mhila am
JIAMES LINGAN.
ATTOrcBNEY AND COUNSELOR AT LAW,
Ne. 1e enrvrsr assre,
, isWe 1W ORLEASB. IA.