The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-30

VI CtiC Dlu VI LiSftuu sinus Gu0 uEsJ week
of May is partly explained by the following
figures, showing the imports and exports OF
the precious metals into the United Kingdom
Tor the first six months of the year:
Imports. Exports.
Gold. .................. f12,9D2, 31S 1888 799
Slver.......... 4,93O,4 74 4,27o,3H
Total. EFT, ss2,474 GAIT, l7s
The imports have exceeded the exports by
E5. 49, l6t OF the very large imports of
gold, s6, 1877 8l3, or nearly one. half has been
contributed by the United States; showing
how largely the gain of the Bank has been
made at our expense
Since the 1st of July last the beaconage
tonnage and lighthouse fees have been
abolished in all parts of the Netherlands. by
an act of June 3, 1875. Until that time
these duties amounted, according to countries
and destination, on arrival, to cents, and on
sailing to cents per Netherlands ton. Con-
sequently, by the said abolition, commerce
has the benefit Of saving the considerable
amount of IL cents per Netherlands ton.
The Dry Goods r. AIDE.
IN. y. Journal of Commerce, July "a.
Business this week has borne decidedly q
more encouraging aspect than for some time
plst In some branches there has been con-
siderable activity. In all there has been some
stir. That the season is unusually late and
prices excessively low, so much SO as in many
cases to be unremunerative, are stereotypei
complaints. On the other hand the healthy
feeling, prompt collections and sagacious con-
duct OF the traffic meet with general approval.
There is absolutely no speculation, and none
of the careless slap-dash which characterizes
it. Buyers bestow considerable thought on
their purchases before they make them, and
are devoting great pains to the selection of
attractive styles. Their ventures are mode
rate, but in good variety, and the disposition
is evidently to ''cut and come again"
Ii necessary, rather than to try any expert
ments in the way of carrying stock, which
might, after all, prove unstable. They pre-
fer, possibly, enhanced prices and winter
freights to such q contingency. The tickle
ness Of fashion and the proneness of the pub.
lie to run after new idea, or perhaps neglect
it after the manner of flock of sheep, is an
element to be considered by their caterers.
These object to risking any thing in this d.
rection. The movement in grain, owing to
our good crops and the failure of cereals in
England, France, and above all, Russia, is
regarded as hopeful symptom as regards
the purchasing power Of our people and the
likelihood of their INDUCING in more dry
goods than they otherwise would The fall
prices of some few varieties of goods have
been fixed, and very trifling reduction made
in some otht rs On the whole. matters may
be considered es far from unsatisfactory.
Carrying Suspended Paper.
In commenting on the condition of the
Philadelphia banks, the Philadelphia Ledger
says
Notwithstanding the banks are complain
ing all the time of want Of paper, it will be
seen that those of this city show an aggregate
line Of loans of SCI ,3i4, 919, and an increase
for the week of 1892 444. 1t is fact that has
for some time attracted attention that the
loans and discounts at the banks of all the
principal cities of the seaboard are now
greater than year ago, and yet business pa.
per at all these centers was never SO much in
demand. How is il? Is there an undue
amount of suspended paper being carried
Ffnas COS Abroad.
A private letter to the Philadelphia Ledger
from an intelligent Philadelphia, now in
Europe, under date of the 7th inst, says cre-
dit and confidence was never, within his
knowledge, so PROSTATE as it is now in Lon
don, the result Of the recent numerous and
heavy failures there. He says the great bank
ers and capitalists say but little, but stand
severely aloof from everything looking to-
wards contracts or investments. Money is
extremely abundant there, and the rates very
low, with probability OF touching still lower
figures, 30 distrustfu are holders in putting it
out. So many supposed strong houses have
succumbed to sluggish business that capitalists |
stand aghast with closed hands upon what |
they have lest it should be swallowed and lost |
in some new surprise. As to affecting any |
loans abroad on account of any enterprise in |
the United States, SINGS the terrible expose Of |
Erie, the thing is not to be thought OF, much |
less negotiated upon.
New Crop Japan Tea. |
IN. Y. Bulletn.l
Within few weeks, several steamers have |
arrived al San Francisco with the first install. |
ment OF the new crop Japan tea. In all, |
about AZ, 600 packages have been received, |
most of which has been sent overland from |
San Francisco to New York-say about 80. 900 |
packages The opening of the market for the
new yield Of Japan has been watched by the
tea merchants with no little interest COM
parison with the opening prices. of last year
shows that the market led off this year at |
more than 10 cents per pound under those of
1874, when thekstart was made at about IS |
GENTS gold, per pound for the finest grade
which always comes first-whereas this season
as low as So cents gold was accepted for the
corresponding grade, while some of inferior /
quality sold down to As cents, gold.
Now, however, it may be stated the market
here in New York has reacted somewhat, and
a small improvement in prices has taken
place within the last few days. owing to bet
ter demand both for lew and old crop, there
still being fair supply of the latter left. ia
pan sends here during season from ~, 1000
600 to 2), GOO pounds of tea. That coun-
try is an Important source of supply, furnish
ing as it does about one-thrd OF the importa-
tons; and as the new crop from there arrives