The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-13
COMMERCIAL MATTERS, Etc.

The Toronto Mmetary Times says: "As
Al instance of the unfairness of American
drawbacks on sugar, it may be important te
know that the article described as American
crushed can be exported to the Clyde and re.
exported to this country with good profit or
the final transaction"
shows Sc, $40 souls, against 1886 in 1870,
an increase of 1884 in five years. The colored
population is 80 0l2, and the white "a, 528
the increase Of the former having been much
the greatest.
The question, can man who loses season
ticket on a railroad compel the company to
give him another, has been answered in the
negative by Judge Ross Of Norristown, Pa.
The conditions printed upon the ticket state
that if lost or mislaid it will not be replaced
by the company. The court ruled that the
plaintiff having used the ticket was bound To
acquaint himself with its conditions; that he
has no right to call upon the defendant to re.
place the stolen ticket.
The Outlook for Hog Products.
The Chicago Tribune, of Tuesday, speaking
Of the market for hog products and the out.
look for the future, says
1t Is now understood that stocks are small.
the recent suspension of summer packing, in
the hope OF letting down prices on hogs, hav-
ing resulted IN rapid clearing out of stocks
which are now worked down quite low. Then
it seems to be accepted as fact that the ne xt
packing season will open and close month
later than usual as farmers will naturally de-
sire to use an immense corn crop for fatten-
ing, and the number of hogs is small, the
official returns of six Western States giving q
falling off of something like 1890, 900 head.
The tendency of this is to cause a continuous
strengthening in the nearest deliveries, under
the prospect of short supply in the early
winter. while the late options are firm, though
not relatively so strong. There is not much
disposition to take stock in the cry of " a
short hog CROP" because the same cry has
been raised in former years, and was not JUS
tilted by the event. But a short present
stock OF product, with good demand for
what is left, are well recognized facts; and a
late commencement of the packing season is
generally regarded as a certainty.
Business In New York.
New York Grocer, 9th inst.l
There is little new to add with regard to
the situation. The dry goods merchants
throughout the city generally report an in
crease of sales, with a fair margin of profit.
The fall trade began earlier and is lasting
longer than in former years. In spite of what
has been said about no profit, the fact that a
reasonable profit has been realized is reiter-
ated. The improved condition of the West
and South is everywhere the subject of con-
graduation. The propretors of clothing
stores, while not enthusiastic, say their bust
ness is In as sound o condition as at any time
du1ng the past few years, with improving
prospects; and of the boot and shoe business
much the same may be said.
The prospects OF the metal and hardware
trade are reported encouraging; traders in
grain speak hopefully of an improved de-
mand, and We are assured that the business
in provisions was never better. A good,
steady, healthy trade is reported in whole
sale groceries. The coal trade shows an i'm
proyement over last year.
While these facts hold good for the com.
mercial center, the news outside is in the
same direction. In the East things are the
most dull, but the settlement of the Fall
River troubles, it is hoped, will mend matters
there. From nearly all the principal cities in
the country business is reported to be look
ing. up. Many places speak very encourag-
ingly.
''skating on Thin Ice.''
At recent meeting of the creditors of
Moffatt Bros & Co., Montreal, very singular
state of affairs was developed. The insol-
vents made an offer at former meeting to
pay forty cents on their direct Indebtedness
OF about $500, 900, which would show a de-
fciency of over $4,000. The business is
one of very long standing. The Toronto
Monetary Revieao says:
"Some years ago, when the old firm was
dissolved, there appeared to be capital of
$4,000 in the concern, consisting wholly of
real estate, the account of the principal
partner being then overdrawn to about the
same amount but there was considered to be
a surplus value on the property to make a
capital of $4,000. Since then the business
has been so heavily weighed down with ex-
penses and interest that it was stated that the
net profits had been less than $l2, 900 in over
four years. Part of these expenses were for a
general manager for the business. Yet on
such business as this the losses by bad
debts have mounted up to the enormous sum
Of S12O.0OO or ten times as much as the
whole profits. And stranger still, the part
ners had 50 little idea of what the course Of
business WAS that they drew out of it more
than $50, 900 for their own use. The story is
almost incredible, but unfortunately it is the
books Of the insolvents themselves that re-
veal it"
Financial Matters in St. Louis.
Bankers are lending money with great eau
ton, and are disposed to keep matters we'll in
hand until the uncertainty as to the future
course Of financial matters is cleared up. The
high rates for money that now exist in West
ern markets are attracting some attention,
when compared with the low rates prevailing
in the Eastern money centers.
The disposition Of Eastern capitalists is to
make loans on calls only, and they refuse
long loans almost under any circumstances.
This binders Western bankers from borrow
ing in Eastern markets where money is
cheap, as it would be unsafe to attempt to
carry their customers through the season in
excess Of their own ability by the use of bor-
rowed capital which Eastern banks could de-
mand on call or on short time. For these rea-
sons it is likely that, as the season advances,
Western markets will not be in condition to
carry as large a line Of new loans as usual