The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-18

August as reported by the Financial Chronicle
amount to S3,801, 842. showing an increase O
$258, 1874 over Augu,t, 1874. The same road,
earned in eight months this year 1927. 796. 755
showing net increase of 2, 9l2, 1874 This in
crease il chiefly in the Central Pacific and
Union Pacific roads.
Visible Supply Of Grain.
The visible supply of grain, comprising
stocks at principal seaboard and lake ports.
and in transit by rail and water, September
4, compare with one year preceding as fol
lows:
Sept. 4, 1875 Sept 5, 1874
wheat, bush. 1850. C, 459 $40 8,375, 42A
&1Orn, Dush .......... 1894, 453 6,435, 451
Oats, bush. ............ .2,167 ,695 i'7s2,6oa
barley, Dusn. ........ l32, 2N 174 1893
0ye, Dusn. ............ lo7,2l8 101, 09f
The Pork Packers.
The Chicago Tribune says:
Mr. William Hamilton, President of the
National Pork Packers and Provision Dealers
Association, has declared to call another
accomplished all for the trade that it il posi-.
bic for 1t to do. His resolution is generally
approved by the pork packers of the United
States, and is understood to be acquiesced in
BY the other provision dealers. The Pork
Packers Association of st. Louis have de.
-cided to call meeting of their brethren in
that city on the Goth Of October next. The
convention will be composed exclusively of
packers.
Tho Tobacco Crop.
The Louisville Courier Journal, of the 18th
inst, says:
Late reports are confrmatory of the esti-
mate that the crop of the stemming districts
wiz hot exceed half Of q full yield, and that
OF the cutting districts three-quarters. Il is
expected that the GAINESVILLE district will
make an average crop in bulk, though the
average weight, as indicated by the early cut
ting, will be light Better anticipatons with
regard to the results of the later cutting are
INDUCED in, especially if the season should
prove late.
FinaEce and Trade.
The New York Shipping List says: There is
very little change in the financial and com.
mercial situation since our Last reference.
The supply Of losnable funds continues in
excess Of the demand, with the consequence
OF extreme low rates to borrowers. where the
collateral securities are undoubted, viz: 18(02
cent on call, and 43@6 Cd high grade mer-
camille acceptances. Gold and foreign ex-
change are just now attracting large share
OF public attention. The scarcity of cash
gold, made SO in large measure by the &C.
ton Of the Treasury Department, in regard
to transfers to the Pacific coast, has afforded
spectators an opportunity to advance the
premium, and also weakened the rates for
sterling bills to such an extent as to nearly
demoralize the market.
Commercial bills on London, with shipping
documents attached, have only been saleable
at extreme low rates, and even the best bank
ers have declined. This has had something
of restraining influence upon the export
trade, and also tended to check the harden
ing tendency of ocean freight rates. The
home trade is making rather slow progress
for the season of the year, though the volume
of transactions is considerably larger than it
was q fortnight ago. Prices, as general re-
mark. are low, and it is understood that the
great majority of manufacturers are making
no money. Many kinds of goods, we are
assured, could not be duplicated at current
values, and yet purchasers are afraid to lay in |
stocks beyond the point of satisfying the |
most pressing exigencies. The primary cause |
of this condition of things is attributed by |
some tooverproduction, and by others to the |
instability of currency.
To both these causes may be attributed |
share of the business difficulties. That we |
shall ever have healthy and settled business |
until We reach financial basis, would seem |
to be impossible. When We can have reli- |
able basis for calculations, there will be an
inducement for merchants to prepare for an
extension of their business. Atpresent, they
cannot tell whether gold will advance or de-
cline They do know there is nothing in the
business of the country to warrant any great
advance, but SO long as there is q chance to
speculate in gold, and to incite speculation by
fictitious means, SO long will this uncertainty
prevail five are ever again to restore a
healthy tone to business, it must be the aim
and purpose Of the people to make our paper
promises the equivalent Of gold. Not only
business men, but every laboring man in the
country ought to advocate the resumption OF
specie payment for it is his salvation.
The high cost Of production Of many arti-
Giles is owing largely to the cost of labor, and
it is impossible for capitalists to exhaust their
resources, by continuing to turn out unre-
munerative products When paper dollar
means dollar in gold, it will be possible,
without injury to the laboring classes, to reg
ulate the price of labor. 1t is the purchasing
capacity Of the dollar that affects the day
laborer. Many articles have fallen in price
within q few years; q dollar will secure more
than it would formerly, and labor has been
reduced, in some instances, without causing
any real injury to the laborer. The imitation
ists Who advocate more greenbacks are very
,ahort-siphted, for even if it should prove a
femporary relief to the debtcr class, the re-
action would only protract dull times, and
nave the way for financial crisis Tar more
disastrous than any which have ever preceded.
Past Cordova coffee, parched or ground, IS !
nants per pound, at the Tea Depot, Camp street.
Going up Abbott street yesterday, man
saw boy about eleven years OF age seated on
sha sidewalk, bareheaded, in the full blaze OF
the scorching sun. "Bub, you ought not to