The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-02-16
COMMERCIAL MATTERS.


ur The value of the sardines annually caugl
In the Mediterranean, is estimated at on
million of dollars.
The last report puts the area of India, un
l. der British administration, at 943, $40 squar
miles, and the population at 1913, Ill, 9l7. O
inhabited houses, it is estimated that Their
y are 81, lib, 693.
E, ed Tor income tax upon a basis of ego, 000 OOl
W per annum, and the entire rental value O
d agricultural land is about GAO 900, OOO The
q capital represented by the agricultural int er
J. est is over $500, 100000, a sum exceeding the
il British national debt.
e About LOGO engineers are afflicted by the
y reduction Of wages on the Central and Hudson
/ River road, and it is estimated that 5000 OOG
y per annum will be thus saved to the com
! pany.
1t is safe to assert that lease for 500 Years
f has never run out in this country but this
has recently occurred in England An estate
let for that term has reverted to the original
holders, or rather representatives. The Ian
is at Woolwich, and was church property a
, thousand years ago, but was leased to the
Crown for military purposes.
The Butter and Cheese Exchange of New
York have taken final action on the Question
OF new system of credits The rule now is
that from and after March LIST, 1875, the sales
OF butter and cheese, in the absence of a
special agreement, shall be made for cash and
| the bill due Immediately, but the courtesy of
the trade on these articles shall be ten days
On egg sales, the same rule shall apply as on
butter and cheese, except that the courtesy of
the trade shall not exceed seven DAYS.
The London Times, of the 22d Of January.
says: Sat meeting of the Central Associa-
| ton OF Tobacco Manufacturers, which repre-
sents the trade of the North of England, held
at Manchester on Wednesday, resolutions
were passed ascribing the present high prices
OF American leaf tobacco to the united action
OF speculative holders Of tobacco in the
United States, and declaring that the opera.
tons of these spectators could best be coun-
terbalanced by English manufacturers pur-
chasing only tobacco required for their own
immediate wants, and, where possible, using
tobacco grown in other countries than the
United States. We understand that these
resolutions have created some animation
among the tobacco merchants and brokers in
Liverpool, who are still Withholding tobacco
from sale with view to securing HIGHER
prices than those now current
The London Ne,rs of the 18th ult. saws in
Its money article that final arrangements have
now been made on behalf of the London and
English provincial bankers to introduce bill
into Parliament early next session, prohibit
ing the Scotch banks from establishing
branches in England, and directing SUCH
branches as have been already established to
be closed, unless the privilege of note issue
to Scotland is surrendered.
The completion of the great Hoosac Tunnel
is an event OF almost national importance. 1t
IS work that has cost the labor of an i'm '
mense number OF men for many wears, the
expenditure of S13, 600, 0OOand the sacrifice of
one hundred and forty-two lives The tun- :
mel is nearly four miles long, and it is stated
that it will take loaded freight train forty
minutes to pass through it,
The New York Bulletin of the 11th inst
thus in referring to the effect which the ad
vance IN the gold premium has had on the at
market for foreign exchange, says: st
The fears OF an artificial scarcity of cold
we're sufficiently strong to-day to advance the in
'old premium and to utterly demoralize the
orelgn exchange market. 1t is not easy to fri
scertaln what these fears rest on, beyond the tn
act that the stock of gold in the market is
nusualiy small: Surmises are plentiful as to
ne existence Of pool formed to carry out -
ne squeeze, some pointing to German bank
rs as being the chief members of the pool.
theirs assigning well known stock speculators
} prominent places in it,
''Ihat there is pool, however, seems likely.
nd under all the circumstances it is not
range that there should be one Large
mounts of gold were to-day bought in anti
patton OF the beginning of operations by the
18th the demand practically withdrawn, ster
ng bills were offered down to nominal rates.
lere having been two reductions by the lead
g bankers before l o'clock, the last LEAVING
e nominal rates 4.S51 for 60 day bills and
So for demand bills. The former could -
IT be sold much above 81, nor the latter -
'ove 4.S74. The rates which gold commands
use on time reflect the prevailing anxiety r.,
Annual Lard Report. Viii
We extract the following important facts NO,
d figures from the fourth annual statement
W. j. Wilcox & Co., dated New York. Jan L
ry 20, 1875, which we find in the Daily 7" !"
slletin of that city, OF the 18th inst r.,
The stock of lard remaining on hand at the
lncipal points West and at New York, GA
OF November, 1874, was generally ad-
tied to be fully $4,000 tierces less than on
nd November l, 1873. In Liverpool there
re q, 900 less and at Continental ports and
oat fully $4,000 less; making a total deficit
stock OF 1873, 200 tierces So entirely bare
lard had this port become, that 4 600
rces were actually imported into this coun-
from Liverpool. Aho
As to the present crop and its prospects, we
IN receipt OF very full returns of the pack
thus lar, and estimates of further pack
{, from which we make decrease in num-
: OF hogs $50, 600, equal in lard to Is 600
rces, and decrease in yield of lard, Tbs 1876
a on $500, 900 hogs, equal to 50, 900 tierces
a total decrease in production Of say 6S, 600 =
rces. We thus find that the present pack
season begun with $780, 900 tierces less in
world than there were a year previous,
that the production will probably be S.
tlerces less than last making total deficit
'0O, 900 tierces, or 80 per cent of the whole
duction of 1894, which, as we have
wn, was entirely exhausted EFF
rom cables received during the past week
place the stocks abroad as follows Great
tam, 200 Antwerp, 1900; German ports,
20; Holland, 200O France SOO-making
otal OF $4,000 tierces against 80, 600 last
r, same date There is, however, large
nifty afoat, which would reduce this d.
nearly 10000. In this country, however
stocks are quite large, and are generally fE