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


the principal establishments at Paterson' y.
j., the largest number furnished IN one year
being 39S in 1879. Last year only Ao' "e1o
turned out in the three shops
We see it stated that the government VIII
not put in circulation any OF the silver COLI
age, in pursuance Of the Resumption ac,,
until gold has fallen to about 1lo, as VIII
gold ranging above that quotation the coin
would be bought up for export Inc same
authority intimates that the govelnmen' ~,
thorities. at the next session Of Congress, will
sanction the introGuc tion Of bill to repeal
the silver resumption clause. II this be 50,
Il Is 10 be expected that the Secretary OF the
Treasury will use his discretion IN respect to
substituting silver tor the fractional currency
according!y and be temperate in his pur-
chases of silver between now and next De-
cember.
1t. Louis, New Orleans ana Brazil TRADE.
[st. Lou Republican, 2d.l
This ia the caption Of an editorial in q re-
cent New York Daily Bulletin, having for its
object the proposed and preparatory move
ment making for direct trade between -.
T,ouis and Brazil, and New Orleans and the
Valley of the OrinOco-the former by means
Of the Mississippi Valley and Brazil Steam
ship Company, and the latter by the New
Orleans and Orinuco Steamship Company.
These proposed enterprises, and their advo-
cation by the press OF the two cities inter-
ested. seem to have melted some interest in
New York, and some of its journals, but
especially the Bulletin, have made the st.
Louis project now particularly the subject OF
occasional notice, referring to the latter as II
it was believed to be a decided movement
and in process of preparation, which it may
be regretted here at least is not really the
fact; while it is satisfactory to infer from the
tone Of those journals that they regard such
an enterprise with just and liberal view.
The proposal has indeed been made to the
merchants and capitalists Of st. Louis, and a
company with the style OF the Mississippi
Valley and Brazil S eamship Line, incor.
porated. We believe but thus far no actual
movement has been made to put it In the
form Of prac ical factor at least no prac-
teal response has yet been gwen Dy the
merchants and capitalists to make the pro-
. nosed enterprise an accomplished fact It
hangs fire for the want OF suitable response
tom those who can give it the desired
momentum, and whether there ever will be
realized direct trade between ST. Louis and
Brazil, as proposed, is at present matter OF
question. Certainly there will not by means
Of the present Mississippi Valley and Brazil
Steamship Company unless an equally active
spirit shall take the place Of the present
apathy.
Inc 0ftlcl0 IN tu9 DuuctlU IoIcEI0u " dUOSc
treats this project very sensibly. adopting the
arguments in lis support which have been adj
yanced, and presenting none in objection. As
one of the resources OF this city toward build
ing up trade with Brazil, -four so extensively
manufactured and Of such high quality is
prominently and deservedly noted, and what
the Bulletin says Of il is both true and compli-
mentary, a. also true wha: it says of certain
brands of the manufacture having for years
been in nearly constant demand in the Rio de
Janeiro market. "Apart," continues the But-
Letin, "from the question whether st. Louis
should pay tribute always to the Atlantic ports
and the railway lines, attention is called to the
single commodity Of -four, Of which that city
is the largest manufacturer in the United
States.
At present there are two sources OF supply
which furnish, practically, all that is con-
sumed by the West Ind,es and South America
Richmond, w., and EnglAnd. notably the
latter. Az to England, the United States we
are reminded is called upon to supply an an
nual deficit over and above her home produc-
ton, which amounts every year to very con-
siderable por ion Of our total crop. This
means that the Mississippi farmers send .
portion of their surplus wheat to England,
there to be m de into -four and shipped al
most to their very doors, instead Of sending
the same flour direct from American ports to
the nearby consuming markets. The aues-
ton thew are asking themselves, therefore, is,
is it wise policy thus to allow British mer-
chants to practically monopolize trade that,
as if by right Of contiguity, belongs to this
country
.Referrirg to the large and profitable traffic
in dour through Baltimore to the Brazlls, We
are also reminded that there are certain
brands of St. Louis which have for years been
AC nd hvy "a "a
market. and wh ch have in ne .riy all instances
been cold through Baltimore houses having q
trade with South America. st. Louis millers
who have ma 10 specially Of -four for the
Rio market testify that grades thoroughly
sdapted to the wants OF the South American
trade can be made in St. Louis full as well as
in Richmond.
The rea' tronble all along has been, credit
ing the confessions Of the st. Louis trade
journals, that mere hants tEsre have been
content to sell their -four to and buy their
coffee of Baltimore, because there has not
heen Sufficient energy or confidence in their
own powers to take sueh chances as the bust
ress men Of the nearest seaport have not
hesitated to accept.
"A plau .ible case is here made out, ana
if the merchants xnl capitalists bu. warm q
to the enterprise as z -alously ss the New
leans and ST. Louis Commercial Journals
there is no reason to question that it can b
pushed to signal success.
Liverpool Cotton Market Report.
We take the following from the Live 90
Weekly Cotton Report Of Messrs. w G
Watts & Co., dated April 16:
The Postum, etc.-We have in sevs kal o
our recent reports EXPIRE ssed the opiai tina
the stock Of cotton in Europe wou mex
autumn be very much smaller thar at tn
corresponding period last year. MAKE
this moe apparent submit the blowing
tables, showing the movement at all the En-
ropean ports from the LIST Of Apr to 3Otl
September last year-six months Ind Gu
estimates Of the movement for % SAM
period this year. Figures in 1000 bales
Actual Estimated
ls1l 1875.
Stock in Europe 3lst March 1870 1897
Imports mon. his ...... 2.73 400
Deliveries Great Britain
months " 1884 1910