The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-04-27
COMMERCIAL MATTERS.

COMMERCIAL MATTERS.
1t is stated by the New York bulletin, on
authority from Washington. that the govern.
ment has decided not to put out any OF the
newly coined silver as long as gold is above
10
1t is said that the recent order OF the Cana
dian government restoring the import duty
on raw sugar has been countermanded because
Of it, discovered illegally, on account OF add.
ing to the true value, upon which nd udloren
duty is levied.
Capt. James Rees, ST., of Pittsburg, has
been slngularly unfortunate in his steamboat
stock of late. About three weeks since the
stern-wheel steamer Paragon burned at the
St. Louis wharf Just as she was ready to leave
for New Orleans. The Paragon was the larg-
est stern-wheel steamer ever built and Capt.
Rees was her principal owner. The Exporter
was the second largest stern-wheeler, and was
also destroyed at this port on Friday last
valued at $40, 900. but insured for but $40, 900.
Suicide in Life Insurance.
Another and more recent case involving the
validity OF insurance claims on the life of q
person who has died by his own hand has
been before Federal court sitting in New
York, and the rule of law laid down by the
Judge is quite different from that expounded
by another Federal court, on which We COM
mented o day or two since.
The policy in question contained q clause
STIMULATING that suicide was a cause OF for
feiture. In instructing the jury the judge de-
.cla,ed:
In regard to the insanity question, if
man committed suicide his policy was viii
ated, but if he was insane when he COM
mitted the act, and was impelled to it by
insanity, he had not killed himself in the
meaning Of the law.
In the St. Louis case, commented on few
days since, another Federal judge expounded
the law as follows:
'If the death was accidental, that is, not
committed by RS own hand, Intentionally,
srhether he ,cds sane or insane, the jury would
lind for the plaintiff, and otherwise for the
defendant.
The Now York case is the more recent, SO
that the question may be considered in the
original statu quo. and thoroughly unsettled
so far as the United States courts are con-
cerned.
The Rice Trade.
New York Bulletin, Esd inst.]
The statistical position of this trade, both
here and at the South is just now matter Of
40 little interest. From returns compiled by
the Charleston Ne,rs- Courier, it would appear
that the stock in the mills there on the 18th
inst Was 49, 600 bushels, while the stock in
the country was placed at $4,000 bushels in
all, with 900 tierces in the Georgetown dis
trict, equal to 9775 tierces. Of this it was es-
.timated 34OO tierces would be required for
city consumption up to September l, thus
leaving surplus Of 1915 tierces in the mills
for2 .hipment
The stock of cleaned rice actually in
Charleston on the 18th inst, we learn, was
between 1000 and $500 tierces, against 200
tierces at the same time la st year; while that
in Savannah is put down at 1900 tierces,
against 5000 tierces last year, showing a
deficiency at the two markets. as far as
cleaned was concerned, of about 23OO herces.
The Nc,cs and Courier speaks hopefully Of the
future, and says
1.-THE shipments Of rice from this port for
the last seven months and ten days amount
to 81 557 tierces, equal to about $500 tierces
per month. Ii the exports should continue
in the same ratio the supply for shipment,
including stock of clean as we'll as rough.
would be about exhausted by the LIST of July.
At this time last year the stock here and in
'Georgetown amounted 10 IA, e42 tierces, or so
per cent more than the present supply, and
prices were then &c per ID higher than to-day 8
rquotations. During the last three weeks
there has been an active demand and an ad-
vance on all grades. Our factors, who hold
RS per cent of ali the rice in our State, regard
the position of this cereal as entirely safe and
Over three-fourths of the crop |
has been sold in the last seven months, and |
they anticipate no trouble in obtaining full |
prices for the small remainder.
As regards the supply here in New York, it |
may be stated that it is ample for the prevail |
ing demand, which is not nearly SO brisk Is |
it would be but for the present cold weather. |
Prices are not SO high as at this time last |
year, when the range of quotations for |
Carolina was from 7c to SC, according to |
quality, where now the extremes are 6ac to |
Sic for Louisiana and Carolina. There is |
some trade being done with the West, but the |
business with city buyers is on q small scale. |
The rice merchants, however, are disposed to |
take hopeful view Of the future, and the |
actual opening of spring weather is expected |
to bring with it quicker movement.
Mes,rs. Marks & Co. have our thanks for |
Wright & Co. 8 Rio Janeiro market report, |
dated March "a, from which we take the fol- |
Rowing:
Total clearances since the 23d ult., 239, 1876 |
bags, say |
4 nted States-New York, 1850;
II. Roads TO-, 2,224 bags; |
Baltimore, 1906 bags: New
Orleans, II ,2S5 bags Calves |
ton, 1900 bags (of which 10l,-
9li bags since 9th inst.) ...... 142, 453 bags |
Europe North (of which 3d.
rs bags since 9th inst. "a, 1888
eouth (of which 92O2
bags since 9th inst.) S9l
s5,627 bags
Elsewhere -tOf which 1885 bags
since 9th inst.) ............. II, lis bags |