The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-15
COMMERCIAL MATTERS. Etc.

western merchants are here in good force
and the long promised revival begins to shoy
itself One prominent jobbing house sol
$3.50, 600 worth last week.
We notice on unusual movement in "a,
sugars since Saturday, the great refners ben
heavy buyers on the streng' Of the trade de
niand for the South and West for refined
sugars. The sales one day this week of raw So
gars reached the large figure of 5000 hhds
and the business still continues active. Tn
turn in the sugar market comes timely aftel
the disastrous failures at Baltimore, which fo
q brief time aft cted the credit of tn
trade here. The Calvert Refinery, in Balti
more, proves q very bad affair for the cred
ltors as we'll as the stockholders. The pub
lished statement shows deficiency of $240,
600 outside the sum represented by the
5000, 600 capital in the cost of building ant
machinery.
Fine Ohio wool was offered in PHILADELPHIA
the other day at A cents per pound, the low
est figure it has reached since the panic o.
1857.
There are eleven banks on the Joint stocl
principle in England, with an aggregate CAPT
tai of SAG, $50, 900. In June they reported
deposits to the amount Of S494 800, 900. One
paid l6 per cent dividend. two Is, two 10 two
8 and two 6. Their losses by the recent fail
ures were 81, 9275O
California, San Francisco correspondent is
led TO remark that not even the prolific sol
and suspicious climate of California can main.
tain on large scale or for long time the all
pervading extravag ince in expenditures which
there obtains. The whole scale Of living is
pitched too high, while tina. of work is pitched
too low. There are too many diam onds, toe
many $500 gold watches, too many 5000 silk
dresses, too many horses for which $500 and
upwards have been paid. Nowhere are the
women SO extensively dressed. Theaters
thrive even in little towns. liquor shop is
the first place of business established in any
settlement, and it is generally the best fitted
and patronized. Those of San Francisco are
the most snowy and costly in the country.
The practice of drinking seems to have fast
ened itself on ali classes. No one can be
elected to any popular Office who does not
practice the babit of promlscuous tipping
1t is said that one of Senator Jones claims
to the gratitude Of his constituents arises
from his procuring the new twenty-cent coin
to be minted, as this enables gentleman to
invite his friend to drink at the minimum
rate The liquors drank are mostly from the
EAST, though much of them from abroad !;
slngularly enough, the excellent native wines
and brandies being neglected. Racing tracks
are plenty, likewise, all of them having ap-
purtenances complete. There are plenty of
evidences on all sides of this same indiffer-
ence to thrift. A ne wspaper sells at five cents
in the streets of FRS CO, but at ten elsewhere,
in the State. Boot backing is "bit." Car
conductors return their tickets as change for
twenty five cents hack from steamer
or depot to hotel is two dollars and a-half,
and wo be to the intrepid traveller who ven
lures to insinuate that it is too much.
Non-Liabilify on Special Deposits.
ha I'm of has
rendered decision to the effect that national
banks have no power to bind themselves or
the corporators by accepting bouds, coin, or
other valuable things upon special deposit for
safe keeping and return upon demand; and
that no recovery can be had against the bank
for any such deposit left with the cashier and
not returned on request The only deposits
made in national banks which the receipt of
an officer Of the bank can bind the bank for
are such deposits as are credited to the de-
positor, to be used by the bank as its own,
and be drawn against by or paid to the de-
positor at his pleasure; not money, securities
or other property to be specifically kept and
redelivered, for the receiving of such deposit
is in no sense necessary to the carrying on of
the business OF banking. This decision is of
particular interest to depositors in such
institutions.
British Failures.
The London Times publishes list of the
failures of the last three months, so far as
they have been revealed by balance-sheets.
The list embraces twenty-nine firms, in
which are included all the great houses that
went down in tine E ist India collapse and in
that of the Aber are and Plymouth Iron
Companies. The liabilities of these firms
amount to s3l, 533 $50; their assets to S1C,-
435 ,090 of which S2,970,O0O is doubtful"
The Collie group is, as might be expected,
the worst, firms connected with his ventures
having failed for Sl9, 155, 600, against which |
only "a, 1864 good assets can be set, the |
81 755, 900 doubtful being worth probably |
next to nothing, consisting, as it does, in |
great part of claims against our government |
which were never admitted by j..
The Times adds to the above losses deficit |
of about $40, 600, 600 on the estates of minor |
firms, and calculates that with the subsidiary |
losses of country firms the total losses will |
range between $685. 600. 600 and S60,000,000. |
The Kentucky Tobacco Crop.
According to the Louisville Courier-Journal
the tobacco prospect for Kentucky is rs to 80 |
per cent of the crop of 1873, with a possible |
future variation for better or worse, accord
to the weather. Vast losses have been sus-
Eained by the flooding of low lands and con-
suspension of cultivation, from foul
ness of the plant and from " frenching" and
" field fire" Warm, dry weather is now
much needed in the interest bott of tobacco
md corn. The tobacco crop of 1873 was
above an average, though
mailer than that OF 1872. The following are
he yearly returns since 1868. as reported by
he State Auditor: 1868, LOG, 100 92S pounds;
1859, SO, 754 $50; 1871. 81, 2O7, 26l; 1872, 1884,,
"a, 929; 1873 (estimated), l50,275, 900; 1874,
between $4,000, 600 and 40 600 600, and 1875,
8 anticipated, lis, 100000 to l20, 100000
finance and TiaGe.
The New York Shipping List says:
Orders for goods from the distributing GEN.
ers of the country are coming forward more !
RELY, and the leading branches of trade
how slight increase of activity; but there
nothing like the rush usual at this period in
rosperous times. As the crops lie at the
ase Of our foreign and domestic commerce. |
is argued BY some that the agricultural
bundance this year ought to impart so de- a
ded an impulse to al kinds of business, as {
} speedily obliterate all traces of the hard
mes; and so it probably would, had not pub
2~~>~ H. Il