The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-12-03
s6195lO 50 1898. 756 80
Important Improvement In Iron Manufacture.


Important Improvement in Iron Manufacture.
The many improvements in iron man
utacture in this country during the past few
years have, as has been repeatedly shown,
placed our products in new and important
markets. The latest novelty is the manu-
facture of sheet iron of quality said to be
fully equal to that of Russian production
This important result has been attained by a
Pittsburg firm, after many years experiment
ing. In ineness and ability to stand both
the weather and the tests to which it is sub
jected in wearing it is said to be unequaled.
The manufacturers guarantee to place the
sheet in market much below the price now
paid for the Russian product, and, not only
that, hut in sufficient quantity to permit its
being offered at price low enough to rival
English sheet.
The Outward Movement in Cotton Goods
shows no abatement 1t is said that, at pres
ent prices, there is no doubt that thessurplus
stocks, even of prints, will be rapidly alb
sorbed by European buyers, who have taken
from New York within three or four weeks
some 5000 cases of goods, besides what have
been sent from Boston. The New York En-
press says this export business is not confined
TO cotton fabrics, but exporters are beginning
to ship more freely many articles OF hard
ware which we can make cheaper and better
than the English manufacturers. ~. T. Ship
ping List.
Important Co mmerciaI Decision.
The Cincinnati Common Pleas Court re-
Gently made an imL ortant decision respecting
bills of lading, an abstract of which is ap
pended:
Mixsel & Co. VS.. Boyd ct al.-In this case it
was alleged that the L. III. Railroad Company
issued fictitious bill Of ladlng to one Alex
ander for large quantity OF flour; that Alex
l., Dlo;r
chants in Baltimore, who made advances on
the strength OF it, Alexander is bankrupt,
and plaintiffs brought this action to recover
the amount of their advances from the rail
road company on the ground that 1t was Liable
under its bill of lading, Notwithstanding that
in fact it did not receive the Hour.
EaThe court held on demurrer that the COM
pany was not liable bill of lading is not
negotiable in the commercial sense OF the
term. Its Endorsement, it is true, transfers
title to the property which 1t represents, but,
II 1t be fictitious, and in reality represents no
properly, what effect has an Endorsement
then? But it has been decided both In
England and in this country, that it is not
within the usual scope Of the authority of the
master OF ship to sign bills OF ladlng for
goods not actually received on board. 1t is
true that he Is gem raj agent. and as such,
can BIND his principal in doing anything
usual In the line of business in which he is
employed; but no one would contend that it
is the usual course of a masters authority or
business to issue fictitious bill of lading.
He transcends all his powers in doing so.
The same IS true Of an agent or officer Of a
railroad company. The law imputes to every
one taking such bill Of lading notice that it
was issued by an agent acting beyond the
limits of his authority, and the principal is
not estopped by it,
Buy your buggy and carriage Of L. T. Mad!ux.
So Carondelet street, New Orleans.
Wants aud To Rent inserted in the BULLETIN for