The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-03-17
COMMERCIAL MATTERS.
Monthly Coffee stat ment.

Monthly Coffee stat ment.
We are indebted to Mes5rs. Marks & Co.
and Messrs. Small Co., cotf.e brokers, for
their last monthly coffee statements. From
these we gather the following:
Imports direct from Rio de Janeiro from
ist July, 1873 to Both June, 1874, 100 0S5
bags imports from l~t July 1874 to 10Th
March, 1875, 1s9 25l bags; stock on hand 1st
July 1874, none; received since, 1s9 25l bags
sales since lst July TO datr 1920 b,g-
stock on hand lG-h March, 1875. II $40 bags.
NarI,et-C argoes Prime lSGllSi good
i7lM17i; far l7Ggl7.; ordinary 10 low iair
~ lGI
Gold Quotations this diy 115 Oils.
Remarks Market dull q lotatIons nom
Production ef Lumber in the Northwest.
The Northwestern LuaterutQn publishes the
following statement Of the production in the
Northwest in 1874, ard the quantity Of logs
and lumber left over for the SEASON OF 1870:
Manufactured Logs and Lumber
lumber, feet. left over feet.
Michigan. 49,. l. 1890 81 454
Wisconsin, 6l7, $50 C6J $4,000
Minnesota BOZ, OOi, / - l9G, 81 1000
Total. -, 939, 994 87S l,5s3, 2o3 80
The total product Of Michigan tor 1874
counting in the interior mills, would probably
approximate 2, 600 00O. 900 feet
Financial.
louisville C,urier-Journal'
The cali for $50, Goa 900 bonds tor the sink
ing fund. publ shed in the last Issue Of the
COUierJonna!, indicates that about SIC, 00O,-
900 will be added tc our maturing gold in
lebtedness to Europe before the c.o-e OF the
fiscal year. About $l4 100000 Of the bonds
to be redeemed are held in this country,
md the residue in Europe SIC, O00O 600,
therefore. is added to the foreign balances to
be liguidated, but tho influence which this
may have on the course of exchanges will de-
pend upon the effect produced in Europe by
this policy, or rather upon the relative prices
Ehich may prevail on the two sides Of the
atlantic.
In the existing plethora Of idle money, and
The decided preferences abroad for gilt-edsa
securities instead Of speculative stocks it may
Dave the effect Of stimuli .ting an advance in
foreign markets, and liberal export Of seen
rites, which would save shipment Of gold.
The present turn in New York is in favor of
fancy stocks, which in period OF long n e
,ect have dropped TO prices which are giving
rise to active speculation. TITS i, also con
nected with a more general conf
dence that trade and industry are
entering upon brighter era How
ever these ticinGtions may result, the pre-
sent tendency is to divert capital into
special tancies which nave been TO 4 large *
tent Ignored since the pallc Of 1873, aud 10
divert capital IN the same ratio from such III
sestments as goyerrm n bonds, which, while
atfording the maximum of security, make
Tery moderate return, comparatively, to tie
investor. If this state Of things should con-
tinue, il would seem probable that premium
on bonds will exist III favor OF European
tiers, and the new 5's would be more saleable
n which event no Important effect upon
change would be produced, and no movement
Of specie would be involved.
II it should prove otherwise, the country
will, of course DO poorer by several millions
in gold.
In the meanwhile about $1f 000,0 900 will
soon disappear from the Treasury to reappear
IN the bank deposits Of the country. The
present net supply of specie IN The Treasury
aScegtained by deducung coin certificates
maturing interest etc. Is about S2S coo 600
so that, after paying of the bonds which will
- forward, the net stock on hand Will be a
moderate amount l. IS confidently sup
posed, however, that the supply will be
abundant for all demands, especially rs the
Increase of the revenues from the new tax and
tnriff law is estimated q. about S.}0 600 600
Ger annum.
The principal beneficiaries of the policy of
anticipating the maturity Of the public debt
are the bondholders, but it may be remem-
5ered that to hesetit the bondhoders by an
enhancement Of prices necessarily involves
the elevation Of the tives and lower interest
ISSUES to value which will render them
available for funding the six per cents, thus
gradually reducing the public burdens.
France and England can manage their public
tebt, and sustain the national credit without
the pledge Of a sinking fund; but. inf .rtu-
natey there has been ,much wildcat tinan
aclng IN American securities, that a strictly
,tn,., Il II
tee, which more than pays at least for the
present. for the expense OF its sustenance.
The action OF the Secretary of the Treasury
illplies tina. he has definitely abandoned the
policy OF his predecessors, Of throwing gold
1pon the market, as it is pretty clear that he
will not have a supply for sale. 1t may well
pc doubted whether the abandonment of this |
will be in the best interests Of the country, |
rs the element of uncertainty in the former
policy hung like the sword Of Dsmocles over |
the heads of the bulls and mani pulators. and |
greatly moderated their spirit of dash and |
adventure.
The President it is said, intends to abolish |
the civil service rules because of the failure
OF Congress TO adopt his suggestions. Very |
good Long ego he abolished the substance
o: REFORM and there is no use in troubling the
country with the shadow.
How 10 PIT r. St. Louis paper puts
At thus 1.-Two niggers and a razor now one
Niger. The coroner held the inquest.
The above is very good. so far as it goes, but
it fails to throw any light upon the tate of
the razor.
Says Arsene Houssaye: a woman has
earning enough when she can tell the differ
ence between @ two-time and three time
waltz.
FACTS WORTH KNowIS,s.-The Wilson Shut
lie Sewing Machine is to-day the simplest,
most perfect most easy operated. best ma le
most durable, and in every way most valuable
sewing machine IL existence, and 1t Is sold
fifteen dollars less than ali other tir5t-class