The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-06-23
COMMERCIAL MATTERS.

CoiucI o. mary duO 4CuOup tUuido SsiOcto'
COMMERCIAL MATTERS.
The steamship State Of Alabama sailed from
Liverpool for New Orleans on the 18th inst.
London market gardeners pay 5000 per acre
yearly rent for the land they cultivate, and
their average profits are $500 per acre.
There seems to be hitch in the starting of
the Brazil and Mississippi Valley Steamship
Company, and St. Louis is trying to unhitch
A great similarity having been observed be-
tween the soil and climate of Sicily and
Japan, the Italian Government is about to
make trial Of growing the tea plant in
Sicily.
The Bureau Veritas gives the following
statistics concerning all flags for the month
Of April: Sailing vessels reported lost, 1O1,
viz: 80 English, - Italian, IL German, 8
Norwegian, z American, French, Dutch,
3 Austrian, Russian, 2 Spanish, Portu-
guese and l Turkish. In this number are
included Is sailing vessels reported missing
Steamers reported lost, 8, viz: English and
French. 10 this number is included /
steamer reported missing.
The hIst full cargo Of -four to England was
sent in 1872. In the crop year of 1894 there
were large orders from that market, and from
September to June, fifteen full and twenty
three partial cargoes Of flour were sent to
Liverpool. There were also large consign-
ments from Oregon during the same interval.
Recently the demand has been light Only
49,. 600 barrels were exported this year,
against $50, 600 for the preceding harvest year.
The Philadelphia bank Presidents, who are
arranging for the reception of the bankers
from all parts of the country, who are to meet
there on the Oath, have indications that about
300 will attend. The object is to form an
association to prepare the exhibit OF coins
and finances at the Centennial.
An international conference on the best
way to collect a revenue from sugar has had
several sittings at Brussels England and
France supported the excise system, which
the Belgian Government peremptorily re-
jected.
Strawberries are selling for three cents
quart ct Norfolk, Va. Growers allow people
to pick all they choose, as it costs them three
cents q quart to pick the fruit, and conse-
quently, there is nothing left out of the ruling
prices to cover expenses of packing and ship
ping.
The Delaware Peach Growers Association,
in making On estimate Of the crop for 1876,
are Of the opinion that not less than O0O, 600
of baskets will be gathered, 1000, 600 of
which, it is probable, will be transported by
rail and 100000 by water.
The ship Mary E. Riggs sailed from
Liverpool for New Orleans on the 18th inst
TIE Houston Telegraph says it's recent esti-
mate of the wheat crop of Texas at 5, O0O, 900
bushels falls short of the quantity produced
Texas will export, besides wheat che con-
sumes, 100000 bushels this season. The
Telegraph predicts that in five years the an
nual crop OF the State will be from 10000, 900
to So, 0OO. 600 bushels.
The Iron Trade.
The iron trade all over the world seems to
be depressed, most of the recent failures in
England being in this branch of trade. Not
withstanding the building of iron ships and
iron houses, the supply exceeds the demand,
and the downward tendency in prices is uni |
versal. The depression ip the price of iron |
In England is caused in great measure by |
the Undertaking of Germany, and particu- |
larry of Belgium. significant fact is the /
statement that firm in Wales offered to sup
ply an English railway with twenty thousand |
tons of rails at price which would not have
given them any profit, and yet the contract
was awarded to firm in Belgium at twenty
shillings per ton less than the Welsh offer.
The fact that iron girders can be imported
from Belgium at lower rates than the ruling
prices in America has caused further reduc-
ton in our markets. There is also another
cause which has brought the price of iron to
its present level. It is q material that never
becomes valueless, and old rails and scrap
iron can be Iecast and made more serviceable
than if made from pigs direct from the smelt-
ing furnace Thus the Baltimore and Ohio
Railroad, instead of purchasing new rails,
has established an i'm n ense furnace at Cum
berland to reconstruct its old rails
Meantime, it is q gratifying fact, we are
producing some descriptions OF iron for which
there is foreign demand, no less than &c.
OS9 tons having been exported to Europe
during the year 1874. Iron for the manufac-
ture of cast iron wheels, from Alabama fur
naces, is being largely exported to Europe.
A great deal Of manufactured iron, and even
American hardware, is also underselling the
manufactures of England, and being imported
to that country, which the London Standard
intimates is one of the causes Of the prostra-
tion of the iron interests.
Business Depressiop in the North Of Eng
land.
The recent failures in the South Wales iron
trade and their London connections naturally
create much depression in all branches OF
trade Immediately affected by trem. A cor
respondent Of the Manchester Examiner,
wiring from marlborough, June A, says:
'Trade, which had in great measure re-
covered from the shock Of previous failures,
has again been thrown back. 1t is not that
any failures are anticipated here as the result
of the suspensions in Wales, but suspensions
of such magnitude cannot fail to affect q SINH.
Lar class of trade more or less throughout the
country. There is also to be added that, in
the case of the Aberdare, very large liabilities
have been incurred in the North Of England
by the rcil orders which have been placed
here for execution during the Welsh strike |
II is known, however, that the losses, if they
should ultimately prove SO, will fall on strong
houses. In one case, in very large order,
none Of the iron has yet been delivered, and {
in others it was in course of delivery when ,,
the failure was announced, SO that the extent
OF the losses cannot be computed"
The Failures in London.
The great flood of failures which has !.
broken upon London during the past ten
days was commenced by the bankruptcy of
Alexander Collie & Co., who failed for many
millions.
Last year Mr.. Collie was in this city. and
Baid to an intimate friend of his. % Rafore