The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-04-08
COMMERCIAL MATTERS.

The figures Of the New York Commercial
Chronicle Of the Sd inst, indicate decrease
in the cotton in sight throughout the world
ut that date Of 123, 81 bales as compared
with the same date Of 1874, and an increase OF
4O,291 bales, as compared with the core.
sponding date of 1873. Also, that the old
interior stocks had decreased during the week
1880 bales and were on the Sd inst. 1916
bales less than at the same period last year.
The receipts were 1911 bales less than the
same week last year.
1t is said that Gen. Spinner supervised the
passage Of ffty-fve thousand millions OF dol
lars through the Treasury during his term OF
fourteen years, and the losses OF all kinds did
no. amount to one dollar on the million.
Pretty good record for the venerable Spinner
It Is estimated by Pennsylvania coal men
that the miners will be starved into submits
sion BY the LIST Of July. They have the Phil
adelphia and Reading Coal and Iron Company.
to fight a concern which has cool Sl33, Co.,
600 invested in the business.
In addition the numerous failures in Berlin
during the past week, the cable brings the
announcement Of the failure in London Of
William Thomas Henly, telegraph engineer
and contractor. Liabilities, 50, 100000.
The Canadian Monetary Times, Of Toronto
referring to the stringency or the money
to take up $4,000 customers paper on the
4th OF March. Another in dry goods, having
S3d 600 due from customers from the 10th to
18th March, received but $1,000 on account
OF it. Then with respect to the volume OF
trade firm who was accustomed to sell
from $40, 900 to S25, 900 in the month OF Feb
ruary sold but little over $1,000 worth IN
February of this year.
The Nancy Market AVID Financial Situation.
New York Fmancial Chronicle Sd inst.]
The break in gold, advance in foreign ex.
change, and continued strength in speculative
stocks have been the principal features OF the
past week.
Money has been easier on call, and the fear
of pressure in the money market, which was
felt for short time, has now almost entirely
passed away. Call loaus have ranged from 3
to per cent during the past few days, ana
4G15 per cent was a fair quotation to-day for
loans to stock borrowers. For commercial
paper there has been a rather better demand
and prime paper is easier. though quoted
still Ut about 81 per cent for strictly first
class paper.
On Thursday, the Bank Of England re-
ported decrease Of $4,000 in bullion for
the week, tie discount remaining unchanged
at 81 per cent. The Bank Of France showed
slight decrease in specie for the first time in
many weeks, the decline being 1,a19,oOO
francs. On the Berlin Bourse there was quite
panic in speculative shares, aud, according
to the telegram, twenty the, failures and two
suicides in consequence.
The last weekly statement Of the New York
City Clearing House Banks, issued March q,
showed an increase Of 81, 701, 400 in excess
above their 25 per cent legal reserve, the
whole of such excess being S6.5Ol, l7o, against
81, 49, 10 the previous week.
~ tas1l ar N1ChInc,fnn
now published the returns Of the foreign
commerce of the United States for the calen-
dar year 1874, compared with 1873. All the
values are IN Specie.
Domestic Re-exports.
Periods Imports. Exports. Foreign.
ed Dec 81. "a 577,sca7 III GO 49, - l25 SOB
Twelve end 49,
ed Dec 81, - ga 9s7, 49, 6e6,36i,ess sio6s soi
The following were the proportions Of mer-
chandise and OF specie and bullion, respect
lively:
Domestic Re-exports
Imports. Exports. Foreign.
Merchandise 1874 s56s li5os7 s5559.93ia sl594a2ll
ia ......... 15,e53,se4 G6544,3o3 6,ls26 So
Merchandise, 1873 $50 aiso is 5'o,'s.4 's l6''3''
is.3 ..... s9749,4a ST, 263 1876 .aos.s29
The value Of foreign commodities remain
ing in the warehouses of the United States
December 81. 1874, was S43, SO4, 5l2, against
So, O64, 1892 December 81, 1873
The Manufacturins Interests in Philadelphia
WOrkmen Out Of Employment.
A correspondent of the New York Tribune
says that all concerns engaged in making rail-
road supplies suffer severely, and see no signs
of immediate improvement. One OF the pro-
prietors Of the Baldwin Locomotive Works
said that while there were indications OF an
improvement in general business, he did not
fCr rot, NJ h1C
own line. The railroads were Overstocked
with locomotives, and had idle ones on hand
to take the place Of those in use when the lat
ter were worn out Wages at the Baldwin
Works were from 25 to 30 per cent. lower
than two years ago, and only about half as
many men were employed as formerly. VIM.
Sellers 4 Co., manufacturers of machinery
and machine tools, said that their business
had fallen off fifty per cent since 1873, and
that although there was a slight improvement
of late. they expected no great gain until
there was q general revival Of the mercantile
trade. A return Of prosperous times would
he first felt by the merchants, and when that
class began to flourish again the manufac-
turers might be hopeful, but not before.
One noticeable feature of the prevalent hard
times was the extreme caution OF buyers
Customers who used to send orders TO estaD.
Eshments without asking the price, would
HOW 20 ATOuuu AAu BCt CSsAAA"eSo - -,
concerns before they would order. The
vorkmen employed BY this firm are getting
from twenty to twenay -fve per cent less
wages than they received two years ago, and
only about half Of the old number are en-
ployed. :,
Manufacturers Of almost all kinds Of textile
fabrics feel the hard times keenly. Excepting
the iron trade there is probably no extensive
branch Of industry SO much depressed. PEG.
pie are econonlszlng by wearing out their old
clothes, and when they buy new they are con-
tent with cheaper fabrics than they used 70
select. Old carpets are turned and mended,
and thousands OF people are living upon bare
floors who used to think some kind OF carpet
necessity. Ibis enforced self denial is no
doubt wholesome for the public, but It is dis
agreeable to the spinners and weavers. In
Kensington district, where there are many
factories OF woolens, cottol i,and carpets,
found several establishments closed and
others working with reduced force. The re-