The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-29
COMMERCIAL MATTERS, Etc.

which have incurred CeDtS which are an 0DllSa-
ton resting against the city.
In the Canary Isles the vine ran out. and that
was the end of "good Canary WINE" Then they
raised cOchineal, and now the soil is exhausted
for good qualities of that article. So they have
tried tobacco, and that Will IN future be their
great crop, aud they will apparently produce an
article finer than ever before known.
Kentucky boasts OF a cornstalk bearing fifty
ears Of corn and immense amount of silk.
The middle ear is full sized, and the other forty
nine grow in ranks around II.
A method Of preserving eggs by coating them
with parahne has been discovered, and Ii Is
said that when the eggs SO coated have been
fresh at the time of the operation, they have
be+r kept perfectly good for several months.
The United States Circuit Courts of Indiana
and Illinois have lately simultaneously ruled that
where the individu,l estate OF a bankrupt is
not sufficient to permit of the full exemptions al
lowed by the bankrupt act and the State exemp-
ton laws, and the bankrupt Is member OF the
bankrupt firm, the exemption may be made out
of the assets of the firm, provided the bankrupt
is otherwise entitled to the full amount OF the ex-
empIion allowed by law"
v The statement of the condition OF the savings
banks in the State Of New York on July Is
exceeding favorable. The total amount OF de-
posts is S316;3356 GIT 49, and the aggregate assets
of the savings banks are 1896, 30S, 23S 43. There
is an apparent decline In the surplus since janu-
airy but this is owing entirely to the different
mode of computation. The gain in dep SITS
since January l is over 2,00O,OOO. There is
positors. The increase in 6epositors is the
largest since 1872
An idea of the immense extent Of the peach
crop seeking the market is furnished IN the
fact that the shipments over the Philadelphia,
WilmiA gton and Baltimore Railroad on Saturday
required l62 cars, and that they were sent to the
following places. Eight cars, with 1000 baskets,
to Philadelphia; IS cars with SO 600 baskets to
Jersey City; 80 cars. with 1000 baskets, for Bos
ton: cars, with 1000 baskets, on the Reading
Railroad; "a cars, with II 900 baskets, for Balti-
more and Ohio Railroad, and cars, with 1000
baskets, for the West over the Pennsylvania
Railroad.
BROOKLYN shows the facility with which taxa
ton and debt increase in cities where the NUM-
cipal control is given into the hands OF political
rings. In 1860 that city, with a population 81
266.6S1, had total Indebtedness Of S. 100, $50,
or about s22 per capita of inhabitants. To-day,
although her popul Ation-453 252-is not quite
double what it was in 1860, her debt has in
creased seven-fold, being SAL 1857 626 little less
than $50 per capita, With this increase OF debt
comes an increase in The tax levy, which grew
from $4,000 in 1869 to $l3, QUO, 600 in 18Th
The taxable property, like the population, his
only about doubled within the past fifteen years,
while the taxes, owing to the corrupt misappro-
priation of city funds and malfeasance in office
OF city officials, have increased about three nun
dred per cent.
A case of considerable interest, touching the
sale OF grain, Is now pending before the Arbitra-
ton Committee of the New York Produce Elk
change. The decision, which will probably be
rendered this week, is awaited with much inter-
est by the trade. The firm of d. Dows Co, 1t
seems, sold 5000 bushels OF grain to ssrs
Bingham Bros. According to the rules OF the
trade the grain must be inspected before Z. NJ.
Of the day Of sale, ID order 10 make the negotla-
ton complete, after which the buyer is allowed
three days in which to remove his purchase: In
this case Bingham Brothers, on the second day
after tie sale refused to take the grain as not
equal to sample
The case was then referred to the Grain Com
mittee. who decided that the sale was bona tide,
and that Bingham Il Brothers must take the
gra n. This they did, but as the quality was not
good enough for shipping they sold it to another
party, who, upon Inspection, rejected 1t. Inc
case was til again referrt d to the GRAIN Com
mittee, who second time decided adversely to
Bingham brothers. 1t was contended that the
grain had spoiled between the time of sale and
the ex oiraton for the time for inspection. Blng-
ham Brothers have since taken the case before
the Arbitration Committee, as against the orlgi-
nal seller. The point they make Is, that the sell
Ter guarantees the soundness of the grain for
three days. the period allotted for It's removal
The .mmittee have taken evidence snd closed
the case and are now considering as to their de-
cision.
The Absconding of Mr.. Alexander Collie.
The London Times, commenting upon the alb
sconding of mr.. Alexander Collie, says such
disappearance can hardly be interpreted other
wise than as practical admission that the Of
fender considered himself guilty OF the charge
brought against him. His alleged frauds, if they
are really frauds, are crimes OF very helnous
character. But he aggravates this crlmlnallty
and adds to it color of dispicable meanness by
refusing to face the consequences OF his conducr,
and, above all, by leaving his brother to bear
alone the brunt Of the charges made against
them. II would be difficult 10 pame case for
many years past Of which thorough investiga-
ton has been so important to the whole com
mercisl wor d.
1t concerns comparatively novel kind Of
fraud in which advantage appears to have been
taken of a way of doing business which has been
dangerously prevalent, and persons like AeXan-
der lilies ball. who were them selves merchants.
should have been conscious that they owed
duty to their fellow merchants and bankers III the
city of London. They are justly fined by the I'M
mediate loss of their recognizances and the oc-
Gu renee will not, it may be hoped, be without
lesson useful for the future The public now
justified In forming distinct opinion Of the gen
eral character of Alexander Collie's separate
ansactions as distinguished from those in which
his brother shared.
Wheat Items.
Courier Journal
The average wheat crop Of England and Ire
land varies from twelve to fourteen million quar-
tiers of eight bushels, and the average annual
consumption is about %, 100000 quarters. The
crop of 1875 is undoubtedly poor, both in guam
tity and quality, in England as well as in Scot
land
The crop of France last year was about 123-
OO0, OOo to l24, 000, 900 hectoitres or something
more than $780, 900 bushels, leaving surplus
for export OF seventy odd million bushels. In
the current year, it is doubtful whether the crop
will more than supply the home demand.
Russia exports from 7 to II million tschet-
werts of wheat and flour per annum, or 40 to 70
million bushels. The government reports indi-
cate that the crop this year has been cut down to
q perhaps unprecedented extent, and deficiency
in the Weld of other bread crops is reported
Altogether it is very unlikely that Russia will be
able to compete with America IN other markets
in the next twelve months.
The German wheat crop is said to be % per
cent short Of a full average yield, though good
crops of rye and bari y are reported.
The crop of the Austrian empire is OF no COM
mercial importance outside of thai country, as it
is estimated by late dispatches at only 5,5OO,0oO
Qrintals.