The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-06-08
COMMERCIAL MATTERS.

CUMMEhClAU Nal 1ANcs
Columbus Ga, has already 35,OO cotton
spindles running, with another mill OF a9,oOo
spindles in process OF CONSTRUCTION AAeSo
are owned by Southern capital
The Chicago papers notice an increased &C
tivity in the real estate market OF that city,
and some large trainers are announced OF
State street property in the most valuable
business localities.
On the LIST inst there were Al, 242 barrels
mess pork in New York and Brooklyn packing
yards, against 60878 barrels on June l, 1874.
The supply OF all other kinds OF pork was
20, 17S barrels. against 10, 9O1 barrels year
ago. leaving the total supply on the LIST inst.
81, APO bsrrels, against 71,779 barrels year
ago The stock of beef was about the same.
The stock Of pork declined 5522 barrels in
May.
According to the annual report of the Board
of Managers of the New York Cotton Elk
change, the sales of spot cotton in the twelve
months ending May 20, 1875, were 43n, 419
bales, and the sales Of futures Z, 944, 600 bales
The brokerage and commission on this amount
of business may be estimated at $4,000 600,
but only the larger portion OF the trading
actually done is reported. The reported sales
of futures since the organization Of the Ex-
change are "a. 448, 500 bales. It will be OBJ
months under review footed up twice as many
bales of cotton as an average crop, but every
margin deal involves two sales. The mem
bership Of the Cotton Exchange reaches 400.
and the receipts for the year were sos, OBS %.
The Cincinnati Price Current gives de-
scription of q new lard tank, invented by
Cincinnati gentleman. by which more prime
Hard and less grease will result from render.
ing. This is accomplished by skinner
within the tank. The object Of this skinner
is to facilitate the removal of the prime lard
frona the tanks by bringing into operation
mechanical pressure for forcing through the
draw-off cock all of the lard which has be-
come separated from foreign matter-the re-
suit being to greatly hasten the emptyin OF
the tank and largely decrease the proportion
of lard to 60 into grease.
Making Business.
The Boston boot and shoe manufacturers,
as if to compensate for the inactivity Of home
business, are making earnest exertiOns to ex-
tend their trade in foreign markets, particu-
darby in South America and Australia. We
are told of one house that disposed OF some
$4,000 worth last week for Venezuela and
Brazil The English and French manufactur-
ers heretofore have had monopoly there,
but there is no reason why New England en-
terprise should not obtain fair share OF the
sHN~>
be cultivated to advantage in various othe
branches of manufacture and trade. Ii bust
ness at home is and continues slow, an excel
lent way to quicken it is to open up new mar
kets abroad wherever there is opportunity
Sugar Frauds in Cuba.
my. Bulletin, I'd inst.]
The Spanish organ, Ell Cronista, calls at
tention to system Of evading the payment
of the export duty on sugar and molasses IN
the Cuban ports, by which the government
of the Island appears to have been defraudeo
OF important amounts of revenue Yesterday
we made close inquiries into the matter II
the sugar trade of this city, and find consid-
cradle confirmation Of the representations
made by our Spanish contemporary. Il
appears that in these cases Of evasion OF duty
che statements of cargo made by the Cuban
exporters for presentation to the Custom
House at the place of export contain only
portion of the entire statement; and the
Lronista states that, in some instances, thu
proportion falls to a mere one-eigh!h OF thu
cargo.
AS the design is only to evade the Cubar
duty and not the duty charged in our owl
ports, q correct manifest is furnished for The
captain to be used at our own ports. BY
comparing the statements OF cargo gwen <
the Cuban custom-houses and printed IN the
journals of the island with the manifests Q
the same vessels on arriving here, there il
evidence enough apparent to support thu
charges made against the Cuban exporters
and It seems marvellous how the utter made
duacy of the statements of cargo reported t.
the Cuban customs authorities should hav'
failed to attract their attention.
So far the matter has not come much un
der the direct cognizance of the sugar trade o
this port. It is not necessary to the consum
nation of the frauds that importers her
should have any knowledge Of the illici
operations; on the contrary, there are stronl
reasons why the dishonest shippers shoul'
conceal their frauds from the foreign con
sipnees. And yet it is q matter that some
what directly concerns the importers OF tn
goods in this country. The export duty
about equivalent to half q cent per pound
and q Cuban shipper who evades that dut
can afford to sell his goods for correspond
ingly lower price.
The result is that sugar is brought her
which can be sold for much below the cost Z
such as may be regularly exported, and q
element of illegitimate competition IS intro
duced which may demoralize our market an
cause loss to importers. This may accoun
for the fact that sugars have been sold mere
prices SO low as to suggest remark IN .ne sogs
trade, and raise suspicion OF necessity on 10
part Of holders whose standing has been ur
doubted the truth really being that the
could we'll afford, under the circumstances
to sell below the figures required upon sugar
regularly exported.
Again, it is not impossible that consignee
of sugars sent to this country might becom
very inconvepiently involved in proceeding
taken by the Cuban authorities against shiI
pers engaged in these frauds. When til
American consignee has got absolute POI
- L. L. hrrk Nfh
wise he may be far from safe. His goods
for instance, may be seized in Cuban ports 0
account Of these irregularities on the part [
the shippers; and if he should not happen
be informed of such seizure, he might a.
cept the draft against the detained and poss
bly, confscated goods.
Or his agents in Cuba might be arreste
and otherwise summarily dealt with to hi
detriment.' Or, possibly, it might be q
tempted to institute legal process throug
agents of the Spanish Government in OF
.>r.kc ooo;uct frou1u1ork ooruooc.