The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-06-04
COMMERCIAL MATTERS.

COMMERCIAL MATTERS.
One Of the grand items of Centennial ex-
pense which will fall entirely upon Pnila.
delphia is the water supply. The present
works must be largely increased, ana mucn
beyond the permanent or immediateiy pre-
spective requirements of the city. One mn,
lion six hundred thousand dollars are ASKED
for to effect the necessary additions % une
present pumping. reservoir and conducting
facilities.
M Theirs is said to be very rich. he mas
stock in the mines of Auzin to the amount "
10, 800, 900 francs, and his various lnves.men'S
lift the sum Of his riches to double that num-
Der of millions. ~
The expectation from the commercial dis
trict of Lyons to the United States during
the month of April, 1875, was 4,5Oo, 729L Ia
that amount are comprised-sllk tissues ana
yelyets. 3,144, 118f; raw material, 246, 465t;
ribbons, 655, 1901; kid gloves, 2l5, 927f; and
cotton goo 8, Sc 817f. The total OF the hrst
four months of the year is %. 757 553f, AGAINST
90 9l9. 4O4f in 1874, and "a, 1876, 755 in 1873:
A raft of logs Just run down the Tittaba-
vassee River, saws the Midland, Mich, hide
,,endeot is over two miles in length and con-
tains 1851 pieces
Selpman, the eminent banker, has recently
been prospecting IN the West at the head of a
party of capitalists, and if he is correctly re-
ported he is favorable to the interests Of the
Southern Pacific as an extension Of the Allan
tic and Pacific. He is largely interested in
the NJ, X. and T. Road, and it appears
that the late reorganization of the Board of
Directors Of that road was designed to identify
the NJ, X. and I. with the Atlantic and Pa
cifc, with ultimate designs looking to consol-
idation with the Southern Pacific. Seligman
says that if st. Louis, San Francisco and the
Central Pacific will furnish 800 600, 900 to de-
velop these plans, his house will arrange for
$35, 000, 900. the sum requisite to consummate
them.
Business Prospects Eastward.
The Boston Commercial List in reviewing
the business situation there in the course Of
the week ending on the 3Oth ult, says:
A few weeks ago. the cold weather was
blamed for keeping back trade, and now it is
said that the weather is getting too warm for
active operations, and that business is settling
down into the usual summer stiffness, and
will not revive until fall But whether the
weather has any thing to do with business or
not, il is true that dull tone runs through
our reports. and that the general tendency OF
prices is still in favor of buyers. This yield
ing policy tends to destroy all confidence in
values, and buyers seem less disposed than
ever to take hold of any thing except what
they can turn over or use in q few days. 1t is
very evident that no healthy revival can take
place till the shrinkage stops; but when or
how this desired consumma,ion is to be
effected are questions that we shall leave I'M
answered at present.
Speculative Losses at Chicago.
From the following statements, made by
the Chicago Tribune, it will be seen that the
recent estimates of the losses made at Chi.
-cago on produce speculations were much in
side the truth
The shrinkage in the grain and provision
market is the leading topic in commercial
and financial circles. When prices are going
up everybody is happy, for even those who
within week may have lost largely on sales
dip in deeper than ever, hoping to make
more than they lost BY continued rise IN
the market Faces now are by no means SO
cheerful, tor, since the decline commenced,
the losses on grain and provisions actually IN
store here foot up into millions
On 5000, 900 bushels Of wheat shrinkage
of Is cents per bushel-and it has been fully
that or more-amounts to $3.50, 900. If to
this be added the loss on corn and other
grains and provisions, well-informed parties
estimate the sum at fully 50 600, 900. But
this is not all. The loss is doubtless greater
on options than on the stuff actually taken in
store, SO that it may be safely estimated that
the SlrilkdR6 Oh property ouu OPbAOaO Al MAS
CITY would be at least ST, OOO, OOO.
If this tremendous loss fell entirely upon
our own dealers, many of them would doubt
less 90 under; but more than half OF it
some say three-fourths-we are assured, falls
upon spectators in all the surrounding
States They have sent their money here
without stint, and sustained and even carried
prices to higher figures during the rise by
the funds they have put up as margins
through their brokers and commission
houses. Thus far the loss has been SO widely
and so evenly distributed that operators,
with one or two insifcant exceptions, have
been able to bear it.
Business DepressiOn-The Remedy.
Tha address of the Hon. VIM. D. Kelley,
delivered recently before the Philadelphia as
sociation Of currency reformers, is character
lied by the clearness and force for Which that
gentleman is Justly distinguished. MI: kel,
lev is familiar with the industrial condition OF
the country, and he generallzes from we'll
known and admitted facts. For instance,
when he wishes to show that there is distress
in Philadelphia among the labor class, ne
states to his Philadelphia audience certain
facts. namely, that: ''Men who have eacn
winter contributed to the ward fund Tor
tha rsref of the poor in almost every
ward of Philadelphia were during the
last winter CAD to accept re-
lief" and, abiding to the owners OF the
land, buildings and machinery OF certain
manufactories of Philadelphia as losing
money. confidence and hope daily, he says;
"They do not now employ as many hundred
men as they did thousands but two years
ago." In support Of his assertion that tne
industrial condition of New YORK Is even
worse than that of Philadelphla, ne quu'es
from the New York Tribune to the enect tna1
there are more tenantless buildings than ever
before; that there is q general stagnation IN
business, and finally gives tables Of imports
of iron and steel, wool and woolens: cotton,
silk and linen goods at that port for the years
1872, 1873 and 1874, showing falling on q
moro than forty per cent in two years. WIZ