The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-05-28
COMMERCIAL MATTERS.

Here ara two straws which have some slg-
nificance as showing the financial con %u;ssn
Of the country. The one comes from tnInsy,
economical Connecticut, and the otne1 uo
0uite-the. reverse Chicago. The BANK Oom
missioners of the Nutmeg State repcI r ~ a.
crease in the savings bank deposl.s OF ono 0cn ~
ticut from $40, 10000 to S1S,Ioo,v, Tho
Dast wear. q gain of nearly per cenI. an1
Esv onorterlv statement of the Natlonai
Ranks of Chicago shows that since Jan n anyy -
1874 there has been q gain OF So,OVovVO ~
the Ioans Of more than 81, OOO, wy IN ieeai-
Renders and cash. and of $13, OOO,OOo-more
than fl, ner cent-in deposits. These two re-
norts from widely differing Localities pretty
clearly prove the recuperat!on OF the county
from the panic of 1873, and Indicate sure II
slow approach to an era OF oosinesS p'o'p0A
ity. ra,.,s.
The London Times, in referring 70 ousine 3
In ENGLAND. saws that the continued ease OF
the money market is in some respects re-
variable. Outwardly the aspect OF things
n Chat of community so inordinately rlcn
that no employment can be found Tor mucn
If the wealth it possesses. We have had
.eries of commercial failures, some OF them
verv heavy. which have passed Oft as II they
had no effect on credit whatever. Money
continues SO easy that the Bank OF England
has been forced to go to the Stock Exchange
in order to get some OF 1t lent
There has not been for years, bankers say,
Z greater scarcity Of trade bills, 50 little gen.
ersl demand for the heavy deposits the banks
and discount houses hold. ALI these things
hint specifically at an extreme prostratlon OF
trade. and vet there are other facts which tell
the other way, the chief of which is the con-
tinued and remarkable growth Of railway
trafics Since the beginning OF the year tne
railways have earned 94l9, more tnan .!
the same time last year. Trade ID no douo.
dull in parts and values have fallen gooa
deal; but taken generally, the volume OF
business has not materially diminished; IN
some considerable departments OF business,
especially in the north Of England, 1t mas
been and is increasing.
Frado with the West Indies and SOU
America.
Fred. A. johnson, Esq, in letter TO the
st. Louis Trade Journal, says VIII our MIL
lars and merchants please note the saving OF
freicht to the sea, viz New Orleans. on one
million barrels of flour? Our steamboatmen
can also note the advantage to their boats, as
we'll of the indirect benefit to all classes, from
the laborer to the merchant, at New Orleans
Notwithstanding these ports are nearer to
New Orleans than they are to New York or
Baltimore, not barrel goes hence VIA the
mouth of the Mississippi
It NAV we'll be said that it would be to the
advantage of the land and water carriers OF
the Mississippi Valley to start this line to
Brazil, or to any ports that will tend to the
expansion of our direct trade with the West
Indies and the Orinoco River. in lmlta'ation
of the Pennsylvania Central Railroad, which
established the line of steamers from PAlla.
deIphia to Liverpool, and the Baltimore and
Ohio Road, which has lines of steamers ply
ing from Baltimore to several European
Mr.. Joseph Fry Mogride, the secretary OF
the "Rio Janeiro Steamship Line OF New
Orleans" gentleman who has labored hide.
fatigably in its organization, has forwarded
me the following reliable list OF English
steamers engaged in the South American
trade:
The Booth Line, from Liverpool to Rio.
The Royal Mail Line, from Liverpool to
Red Cross Line, from Liverpool to Rio. =.
The CLYDE Line, from London to Rio.
The Royal Mail Line, Southampton to Rio.
The Liverpool, Brazil and Rio Plate Line,
from Liverpool TO Rio. ...........-.:R
The Rio Parana s. S. Line, from Liverpool
to Rio and Bayres. NEUTRALITY-SUSPICIOUS..
The Pacific Steamship Navigation Compa-
ny, from Liverpool to Rio and Lima. y
Making II steamers, aggregating 96,OO'
tons.
This was in the year 1872, and the numbe
Ia now probably near 100, without including
other lines of English steamers to Soutl
American ports in the Caribbean seas. and tn
Guyana. And against all this array of com
mercial enterprise, the United States can onl!
boast Tor be ashamed) Of having two steamers
Official information from the capital Of tn
United States Of Venezuela, under date
Caracas, March Is, exhibits q wonderful in
crease of our trade with Venezuela, showing
the exports from Maracaibo to the Unite'
States for the year ending September, 1874, t.
amount to s4, 1913, 1OS SO. including NOR
than twenty million pounds Of coffee-bein
an increase of seventy-fve per cent over tn
preceding year. None Of it comes by the wa
Of New Orleans, but it can come to St. Loui
by the river route, in less time and cheaper
-four capitalists will put on the transports
ton.