The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-03-31
COMMERCIAL MATTERS.


A new plan for steamship locomCtion
suggested in providing screw prcpellers a
each end of the vessel. One Of them ia thu
constantly in the water, 10 matter how rougl
it may be.
The rates Of freights in all tie great com
mercial ports rule very low, in consequence
of the superabundance of shipping "a Cal
cutta alone, at the latest dates, there were
$4,000 tons Of vessels holding back for pay
ing rates. Most Of the valuable freight was
shipped IL steamers. Ia Foochow CHINA
81 per forty cubit feet in steamers, toy Lon
don, YVES the current rate.
A general strike Of the journeymen II the
boot and shoe trade in the East 1t is said,
will be ordered, in consequence of the inten-
ton of the manufacturers to lower their
salaries. The manufa ;turers say they can
get all tie non society men they want.
The increase in the use OF postal cards in
Great Britain for the year ending March 81,
1874, was 1852, 9GG, the whole number used
during the year being 76, $50, 246. :,
1t is contemplated to make weather signal
station on the Isles of Shoals, and the
steamer Farady will be employed to lay q
cable from Portsmouth, New Hampshire, to
that spot.
The marine commerce of the world is car
ried on in sc, 600 registered sailing vessels,
and $500 registered steam vessels. The ton
mage of the former is IA, 500, 900, and has
decreased nearly 10 per cent In four years;
the steam tonnage, on the contrary has in
creased from 2, 800, 600 to 200, 900, or nearly
doubled. The percentage Of losses to the
whole number of sailing vessels was 3 6S to
the hundred in 1874, and 4 " in 1922 for
steamers, 3. Al in 1874, and 5. 81 in 1872, which
was a very bad year.
A letter from Com. Lull, in charge of the
United Statea Inter-Oceanic Canal surveying
party on the Isthmus of Panama. has been
received at the Navy Department He says
the problem seems to be assuming something
like a definite shape and the way is now be-
ginning to be seen to a very favorable solu
ton OF it. cursory examination at the be
ginning convinced the party that the vicinity
of the railroad would offer the best chance
for locating suitable line for the inter-ocean
canal
Insurance against Theft.
The Massachusetts House of Representa-
tves has reported an act incorporating the
Fidelity Assurance Company of M,ssachu-
sets, with capital stock of $50 600 and
right to increase it to $500, 600. The company
is authorized to act as surety upon the official
bond OF any person in the United States to
any State, county, city or town, to any Judge |
OF Probate, to any corporation or association |
public or private also to indemnify against
loss any persons who are responsible as sure
ty for the performance Of any trust also,
to act as sole surety in cases excepting those
relating to criminal procedure.
Life Insurance Fraud. e
A case has just been decided at New Sharon,
Maine, in which DR.. A. B. Warren and |
Luther Curtis, both men of high social posi-
ton in the community, were indicted for de-
frauding the Asbury l. fe Insurance Company
The Indictment alleged that the parties
named, together with a third party who has
since died, substituted a sound and healthy
person for that of DR.. Warren's sister, who
was at that time diseased and consun. ptive
woman, and by this means procured policy
on the life of the said sister. On December
%, 1873 eighty-six days after date of the
policy, she died. the proof of loss showing
that the cause of death was acute pneumonia
Upon this showing the company paid the
amount OF the policy $4,000 to Dr. Warren,
the beneficiary named in the policy which, as
the testimony showed, was divided between
himself and the said Curtis
The trial lasted four days and resulted in
verdict Of guilty against both respondents.
"Bix Bonnnzas " in Pnris. !
a Paris letter to the Times notes the revival
IF an extraordinary mania for speculation ia
Paris. The writer SAYS
Everybody is rushing to the Bourse, and
stories OF millions gained in a few ,
lays time are told in every circle. One day !
he editor of an evening journal wins l, 400
700 francs in Spanish rentes; the next, his :
ssistant editor gains 1,00O,000 in Spanish
dobilier. This stock has gore up from 400 !,
nd something to 1920 and at the rate of so :
r 100 francs day. There is every reason :
o believe that it will reach 1000. e
Stocks of all kinds are rising, and every -
nan, woman and child who HIS q few hun
red francs to spare. rushes off to the Bourse
nd buys on margin. This wonderful move
nent has beeen caused by M. Phillippart a
'elgian, who has had the honor of having d
Nv presented in the Chamber especially for Ia
i'm. Since his arrival money has been
lenty and Pactolus seems to have been sy
lrned into the cutters of Paris. All that he
'uches turns to gold. If M. Phillippart says Y,
nat a certain stock, languishing at eighty al
hall go up to one thousand, it goes up with
lie greatest rapidity, and when Philipart in "
ssts everybody is crazy to get the same kind "
stock. Ia
Tnra Gain