The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-06-19
COMMERCIAL MATTERS.

1t is expected that the London Syndicate
will. early next month, make another call en-
the Treasury Department for an additional
number of the United States bonds, the
money market being favorable to sucn invest
ment. .a
Fourteen hundred steerage passengers ieav-
ing New York in one day TO return TO Europe
is, saws the New York Herald, an event OF no
small significance The significance OF the
event finds emphasis in the estimate that the
immigration arrivals this year IN New Iork
will be SO, 900 less than they were in 1874
A letter from Philadelphia, June 10th, says:
A great deal of crude oil has been moving
for the last two weeks, in fact the shipments
Just now are fully up to the production, but
this will not last. The production ID still
between 1000 and 5000 barrels per week. De-
velopments are little more lively, but no
new wells to report, nor any extreme outside
territory is being tested. Business in all its
branches is very dull, and more parties are
leaving than coming in. Prices OF both crude
and refined remain the same.
The New York Times analyses the figures OF
the report OF the Bureau of Statistics for
April and finds that there has been consid-
cradle falling off of both imports and ex-
ports for the last ten months as compared
with the corresponding period of the fiscal
year 1874 The latter period included July,
August and September, before the panic.
Some of the items Of difference are curious
as we'll as instructive. We have taken So, OOO,-
900 worth less coffee, and 81, 10O, 900 more of
tea. In hides and skins we have increased
both our imports and exports, just doubling
the latter. In raw silk there has been q
slight increase, and q corresponding one IN
silk manufactures imported
Tie importation Of metals has largely di-
minished-of iron and steel and their manu-
features $l2, 900, or nearly As per cent
The exports of these articles, on the other
hand have increased fully 80 per cent, and
now equal seven-eighths the imports. Curl
ously enough, the importation of precious
stones has increased by nearly two-thirds
Wool and its manufactures also show slight
increase. In exports the most notable items
of decrease are in breadstuffs, cotton, oil and
tobacco, and the most remarkable instance OF
increase is, Of course, gold.
The statistics of the imports and exports OF
goods and commodities, as shown by the Off
cial figures, show an aggregate decrease OF
S4l. OOO, 900 in the value of exports in the ten
months to the end of April, 1875, as compared
with the corresponding ten months OF 1874
and of $50, OOO, 900 in the value Of our imports
in the same period this year as compared with
last In short, our total foreign trade both
exports and imports, has been nearly eight
per cent less in the ten months than in the
same time last year. But the greatest de-
crease has been in the month OF April In
April of this year the value of our exports OF
domestic products was over $9,OOO,0O less
than in April, 1874, aud the value of the
total imports was $12, 0Oo, 900 less, showing a
decrease in April, 1875, of nearly seventeen
per cent in the value of our exports, and
twenty-one per cent in the total value OF i'm
ports in April, 1875, as compared with April,
hoC IN kpr a
the comparison shows still greater decrease.
Thus, in April, 1873, the value of our exports
of domestic products. including gold and
silver, was SOL, 1874, 1853; whereas in April,
1875. they were only $40 1853. 7l2, decrease
of $1,000, 451, or over twenty per cent.
Comparing April, 1875, with April, 1873, the
decrease of imports of foreign goods is just
twenty per cent.
The foregoing figures showing that our
foreign trade is only fourffths as large as it
was two years ago, afford m cans of approx
mating to the decrease of domestic trade. and
it can be safely assumed that a shrinkage of
oneifth in its volume is not an exaggerated
estimate
$4,000 Miles Of Gable In Operation.
The completion of the new Atlantic cable
has led to the recapitulation of telegraphic
and cable statistics of some interest, as pre-
senting the rapid progress made in the appli-
cation of the cable as means of communica-
ton between commercial countries. BY
these statements it appears that, aside from
the cable between Europe and the United
States, which are now five in number, OF an
aggregate length of 1926 miles, there have
been twenty-nine laid between other coun-
tries since 1867 Of total length of about %,
661 miles. This gives grand total Of nearly
$4,000 miles. The following, from the
Journal Of the Telegraph, shows the time at
which and the countries between which they
were laid:
Length