The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-04-20
COMMERCIAL MATTERS.

Within two or three months, seven vessels
With their entire crews OF about ninety men'
have been lost from the port of Gloucester;
Mss. These vessels were all frst-class. ana
the Young men active, and probably al unueA
forty years ct ege no,
The Suez Canal stock has been placed upon
-tbe London Stock Exchange. Tblsls reSaro
ed Is significant Of change OF o~heisnlp -
this great enterprise from france air hiypS,'
,tnat have controlled it hlthert', w
which usually manages 10 a:sJ.o ,in.hi.. in
share Of whatever is prospectseiy 'SA0"o'o -
the commerce of the world.
louisville, KY, strange to say. mas NJ
Board of Trade, upon when the Aouis
ia',.',J chides Il, citizens and urges them 70
~. forvard and subscribe to the effort now
being made to that end.
me Kothschilds have issued the prospectus
~ q nav Russian loan of El5, OOO,OCO with In
go, Of Al ner cent per annum to be issued
a, %. OF the total amount fS,OOO,OOo are
of,a-ed for subscription in London; the re-
gnn;nder being reserved for St. Petersburg.
A. the nresent time including vessels from
East Africa. New Zealand and Australia,
thjrly-eight ships aud barques from various
ports in the East Indies are on the way 10
boston, among them twelve from Calcutta
and eight from Singapore; Al o. these sn'ps
Il ia understood that the peat morasses OF
Ireland and Scott md are nearly exhausted,
aud Lat the people, who for generations have
drawn their fuel from these sources are now
compelled to use coal. for which the localities
not on the lines of railroad have to pay heavi-
" for transportation.
Gov. Hartranft of Pennsylvania, promul-
gates an official account of the progress made
toward preparing for the Centennial, and
oart;cularly of the important part of the work
borne by Pennsylvania aud Philadelphia. In
addition to the Sl,OOO,OOO appropriated by
rte Legislature, Philadelphia has given about
$500 OO to the project, and will probably
give another 81, 100000 in the course OF few
weeks. ;,
The Philadelphia Ledger is compelled now
70 issue supplements twice week WedneS-
DAYS and Saturdays), in order to give its read
,.rs and advertisers alike a chance. For its
last Saturdays edition it had no fewer THAI
1000 advertisements, being the largest num-
Der ever presented to any Philadelphia jour-
nal in one day. The daily circulation Is now
more than 81, 600.
All recent reports from Washington repre-
sent Secretary Bristow as being anxious to 90
something to inaugurate some movement TO-
ward suecie resumption, tnouga tnus lal ~
has done nothing but increase the coinage OF
,;,lyer. and proposes when he has accumulated
$40 600. 600, to begin paying it out at par Tor
fractional currency.
The supreme Court of tho United States
recently decided that money borrowed from
time to time and temporarily, by persons en-
gagged in the business OF banking. is not liable
70 the United States tax on capital engaged n
laaking business.
Over 81 !. 200, 900 of treasure were shipped
during the FIST three months of this year from
san Francisco, against less 81 ,O0O, 600 for the
same months last year.
During the four years of the war, 239 YES
sells, representing 1O4 Cos tons, were captured
end destroyed by the Confederate cruisers,
besides which %, 007 other vessels, represent
ing ia 652 tons, were sold to foreigners, while,
during the preceding forsy-years: emora ac;o
tine period OF our highest prosperity II snip
building. only GIL ,37 tons had been sold to
foreigners
Liverpool Cotton Report,
We take the following from Messrs. Watts
& Co.'S Weekly Cotton Report, Liverpool,
April I'd:
The Position, etc-We have again to report
mother very large weeks import, namely
li2, Ala bales; this makes 4o4,O57 bales that
have arrived at this port in the past four
weeks, during which period the outgoings
have amounted to only 258, 789 bales; in other
words, the stock here has increased 225, 66O
bales in the past four weeks, and is now l56,
$40 bales larger than at this time last year,
and yet Notwithstanding this great draw
back. prices are now about lid u ID dearel
than they were four weeks ago. The follow
ing table will show the maximum stock in
this port the past three years, and the date
when attained
Maximum stock .,,oosSlo elssoo 1,OliIoo
When attained. $50. July IL. July TO- July q
We should not be surprised if our presen
stock proves to be the maximum OF the veal
1875, tor the supply afoat from America ant
India for this port is now just lOO,OOO bale
our latest information inclines us to look To-
a material reduction in shipments, both from
America and Bombay, for the next three
months, as compared with same period las
wear. In one respect this now promises to b.
an exceptional year, that is to say, it nov
docks as if Liverpool had received mucl
larger proportion of the years import thai
ever before up to this date.
Why is this? In q few words, the crops Q
America. Egypt and India seem to have beel
extraordinarily early, and to have been mar
keted very rapidly. Many of our correspond
rants in America write us expressing surprls
chat. in view of the small receipts o. tn
American ports during the past three months
sorices here do not advsnce. The short an
s,lain explanation is that Liverpool is over
weighted with cotton. It may be there vii
s5e some scarcity of cotton here before tn
,s!ose Of this year-and We ourselves are in
.clincd to the opinion that it will be eve
greater than expected-but in view OF tn
present excessive supply, this will have n
Immediate or very marked influence on tn
course of our market.
But assuming that there may be an actus
scarcity Of cotton in Europe before the clos
of this year, it is almost certain the effect o.
prices would in q great measure depend Of
prospective supplies, and this in turn woul'
mainly depend on the acreage planted il
America this spring. Already We hear tina
an increased quantity Of fertilizers have bee'
forwarded from Charleston and Savannah t
the interior towns, and this is generally sup
posed to mean active exertions on the part q
planters to grow large crop this year.bu
we think it not improbable that, in this in
stance, it means active exertions on the par