The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-05-07

PoSoASAA
by the Richmond Enquirer, it was provided
in the lease under which one piece of propert.
was held, that the rent charge of $1,000 pc
year for 100 years might be liquidated by the
payment of $4,000 in the money of thu
United States, but no similar stipulation with
regard to the other property is stated.
The Coal Trade.
The anthracite and bituminous coal con.
sumption of the country is said to have
arisen from %, 500 900 tons in 1864 to A 923,
.947 tons in 1873, but in 1874 there was q
reduction Of $500, 900 or per cent, as com.
pared with 1873
In 1874 the anthracite coal sent to market
from the Pennsylvania mines aggregated 49,
z537, 1888 tons, q loss of 1,066 IT'S, compared
with the former year, and the production was
81, SIG, 248, q reduction of 1883, Ais tons.
The total supply of bituminous coal moved
toward the seaboard was 1904, 523 tons, de-
crease of 362, 61O tons. These facts are sig
nifcant evidences of the decline in manufac-
turing industry, especially in the iron inter-
est, since 1873 In the meanwhile, however,
higher than in 1872, and at the same prices
which ruled at this date in the last two
years.
Big Prices for Tsbncco-The Crop Prospects.
[Paducah Kentuckian, 4th inst.]
The following statistics of last Friday s
sales, taken from the warehouse books, show
the state of the market on that day:
VIM. Hughes 4 Co. s average on leaf, April
80, 1875 Us hhds sold) was SIT 10; on Tugs,
same day e hhds sold), $40 SO.
G. Kay Il Co.'S average on leaf, April g.,
1875 19 hhds sold, was SIT; on Jugs, same
day Is hhds sold, SO rs.
Buckner Terrells average on leaf, April
80, 1875 (68 hhds sold), was SIS 80; on Tugs,
ID dc
Average of all the warehouses on los hhds
leaf was SIT 49,.
Average of all the warehouses on IA hhds
of Tugs was SO 78.
The prices obtained throughout are perhaps
the highest ever known. War prices appeared
higher, but in reality they were lower. In
1864, when tobacco reached the highest point,
extra leaf sometimes realized SOC, but this
was unusual, the range for good leaf being
20 to 40c. At that time gold ranged from $40
to $50. Taking the gold basis of 1864, our
which average we think was not equalled at
any time during the war in any of the West
ern markets.
There are many good reasons for believing
that tobacco will advance further. It is now
demonstrated to the satisfaction of every one
who has at all investigated the subject, that
the crop of 1874 is not only the shortest ever
produced, but that it is by far the most in
ferior in quality. It is also generally known
to manufacturers and dealers that the crop
was largely overestimated last fall, and that
the proportion Of good serviceable leaf is even
much less than could have been reasonably
expected. Good fillery lugs are fully as scarce
as good leaf and there is scarcely doubt
that such tobaccos must command the highest
prices throughout the season, it matters not
what the future crop may be.
But that the crop Of 1875 is destined not
to be a very large one scarcely admits of
doubt. The effect of the severe freeze week
before last has not yet been decided. The
cate very decided damage, while all agree
that the plants are stunted and sickly, and
have grown but little for more than two
weeks In other sections planters have
deemed it prudent, and in fact essential, to
re-sow their beds over within the past few
days.
Seeds sown at this hour can not with the
most favorable seasons make more than very
late and poorly matured crop. This fact was
demonstrated last year. Many planted to.
bacco from the Goth of June to the 10th Of
July, and although we had no very early
frosts, yet three-f ourths of the entire crop was
either cut green or was frosted. This &C.
counts for the large proportion of nondescript
tobacco which we see every day upon the
market.
The weather still continues unusually cold,
with every indication Of severe trosts again.
With sucn weather plants cannot grow, and
every day they become more feeble and more
liable to the depredations Of the destroying
insect. While the weather is altogether un-
favorable to the maturing of the plant, it is
all that the fly could ask for.
It is impossible to calculate with degree |
49,. rlck x~.t,. 1< A., 49,
be, but we know that all the indications at
present are of the most uufavorable charac- |
ter, and within sixty days we expect to wit |
ness the greatest hustle in the tobacco mar |
ket that ever was known on the American |
continent If our own manufacturers get |
what they need. there will be nothing left for |
export, and that the home manufacturers are |
determined to have their supplies is evinced
from the zeal they now manifest in buying.
We are informed upon the best authority |
that there are already orders here for every |
hocshead of serviceable leaf and good Tugs
that will be on the market this season Those |
Who want tobacco must take hold of it soon, |
or thew evidently will be left behind in the |
coming rush.
be found anywhere in the West and will con-
tinue to do 20 throughout the season.
The unsold stock on hand ct all the ware
houses on the LIST Of May, was one hundred
and ninety hogsheads.
The Currency.
On Saturday, May 1, Treasurer Spinner
held as security fer national bank circulation
S379, sos, 600, and for public deposits SIG. 227,
200. The amount Of national bank notes
outstanding is $780, 536, 1856, Of which s., 4SO.
600 are national gold bank notes. The total
amount of national bank circulation out
standing on Nov l. 1874, was exclusive Of
gold notes) 1851 927, 246, so that the net con-
traction of the national bank circulation has