The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-04-29
COMMERCIAL MATTERS.

COMMERCIAL MATTERS.
The New York Jour~c, OF commerce sta'es
that it is understood that Secretary bfis.o"
will not approve the decision OF the oonclt ..
of the Treasury, that internal revenue on
GERS are authorized to examine natlonai oanAs
to zee that checks passing through the san1
have the two cent stamp attacheu' 80 W
decide that national bank examiners are the
only proper Officers to make l,uch examina-
ton.
The following notice isconspicuously posted
over counter in q savings bank IN Cnnton
Place: "Neyer stamp check Def0.e pre-
sentinp it at the bank, but give the teller two
cents and ask him to lick the stamp AID can
Gel it. The teller expects to hex all Stamps
as it saves buying lunch, and is therefore dis
appointed when not allowed TO 90 SO.
The increase in the cultivation OF beet-root
in Europo for the manufacture Of sugar, is
said to be- causing great loss to the sugar cane
planters IA Cuba, who have been at an enor-
nous out1y for machinery and labor to pro-
duce the fine class of sugar that is expected
from thence. Should the European manu-
facture ana consumption of beet sugar go on
increasing as it has done daiTing the past four
years, seroa;s changes are anticipated IN the
cane sugar productions all over the West
Indies.
Bre d-tuli.- Their Po.ittsa ard Prospects,.
In the co.rse of an article on this subject,
the New York Commercial asaG Financial Csr0a.
,;cle Of the q IL inst, has this to say:
As regards The quantity Of wheat to come
forward at the Western markets, opinions
differ THERE'S no doubt that last April was
znfavorable to the sowing of spring wheat,
and that the Cast crop Of winter wheat has
been pretty well exhausted. The small stocks
in English max,-ets render it certain that
Great Britain MIST be q steady buyer for
several months to come. The course of the
Continental markets does not promise her any
considerable supplies from that quarter. 1t
seems certain, therefore, that it large guam
tity of our last crop Of spring wheat he yet to
come forward, Il will meet with ready de-
macd.
Nuch of the reCent,strength of the market
has arisen from the late and unfavcrable
planting season and the reports Of damage to
the winter wheat by tic severe weather: The
past winter was characterized by prolonged
and,ia.ense cold, but, being accompanied BY
deep snow, no uneasiness was felt The
weather this spring has, however, been quite
unfayorable: thaws have been followed by
severe, erosts, which ware calculated to throw
the plant out Of the grounG.or smother it un-
der ice. Besides this, winter wheat has en-
counte:ed new danger.
The SNOW and frost of Saturday and Sun
day last extended so far Sorth as to Oveftake
the plant in middle latk.udea, SO much ad-
vaneed that the stalk wea susceptible OF fatal
injury. reports that it was SO injured have
been crrEsnt on our Produce Exchange for
some days past. There Is nc question that
April has Ieen unfavorable tc the sowing ct
spring wheat in the more northern ATTITUDES
of the Western States It may be added that
the acreage planted to corn will probably be
increased ct the expense OF that sOwn to
spring wheat; and, that California had a bad
season for the early growth Of the plant,
which was partially redeemed by subsequent
rains. In Great Britain end on tho continent
no improvement in crop prospects over last
year IL asserted.
There is want of speculative spirit, lack
Of confidence in the future of the market,
AMI a sympathy With the quiet, cautious tone
pesyading business circles, which are often
more potent in their effect upon the course
of prices than the ElOst conspicuous facts, and
it by no means follows, from the exhibit
which is made in this review of the situation,
that any considerable advance in -four and
wheat can, with much confidence, be relied
upon.
The Cotton Movement.
According to the tables of the New York
Chronicle, Of the oath inst. there was de-
crease in the cotton in sight at that date OF
100. O58 bales As compared with the same date
of 1874, and an increase of 43, 9O6 bales as
compared with the corresponding date OF
1878
They also show that the interior stocks had
decreased during the week 1912 bales, and
we're ON the oath 1913 bales less than at the
same period last year. The receipts had been
1894 bales less than the same week last year.
The figures indicate that compared with
last year there vas Q decrease of Is. 600 bales
this year in the weeks shipments from Bonn
bay to Europe, and that the total movement
since January l, shows an increase in ship
ments of 80, 600 bales compared with the cor
responding period Of 1874.
Failures Of the Firae Three Month Of 1873.
From Dun e. Co.'S Forthcoming CIRCULAR
The very general interest displayed by the
public in the statistics of failures, which we
have hitherto presented at the end of the
year in our annual circular, has induced US 10
direct special attention to the compilation Of
these figures, and ct the request Of prominent
commercial authorities We will hereafter pub
lish the returns at the conclusion of each
quarter of the year.
We present below the number of mercantile
failures throughout the United States for the
6rst three months Of 1876, together with
amount Of liabilities:
No. Of Amount OF
States. Failures. Liabilities.
Alahama Is 1866, 900
Arkansas. $1,000
California 81 1911
Connecticut. n @.s,sua
Delaware. Oo,oov
District Of Columbia. 2s,s2 ~
ClOflda. ....... '.........' no,s 500