The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-02-23
COMMERCIAL MATTERS.

amount in the hands of the government on
February 1st was $50, 800, 900. The average
held by the government on February lst, for
the last six years, has been $4,000, 900 or
$50, 600, 900 more than the present balance.
The United States Supreme Court, in a
case where the Secretary of the Treasury re-
fused to pay judgment cotton claim with
out first deductIng the cotton tax Of two cents
per pound has decided that, after final iudg-
ment, it is the duty Of the Secretary to pay it
without deduction.
In an Illinois Insurance case, where no pol
icy was issued, but what was called an s.open
policy book" was furnished the insured, with
memoranda Of the insurance made, the Su-
preme Court held the company bound and
said that . was net indispensable or even
necessary that written policy should be is
sued ia order to render the company liable"
The United States Supreme Court decides
that where the creditor of an insolyent sur
renders old securities within proper time, and
takes new ones, the new ones are valid as the
consideration for the surrender Of the old.
The Baltimore and Ohio Railroad on the
18th inst. reduced its fares to Western points
as follows: Chicago. SIG %; Cincinnati,
SIG 25; st. Louis, 81 %; Louisville, SIS %.
This is reduction of from - to % per cent.
The Chico California; Enterprise says
"There are at present 275000 tons of wheat
in the State, of which 80, 600 are in the hands
of spectators, and the residue 125, 600
tons in the giaaalies and warehouses belong
ing to our farmers. 1t is estimated that there
is in this section some 5000 tons unsold"
The number of vessels built in California
In 1874 was 80, OF 1892 tonnage, . of which
were built at San Francisco.
From the Massachusetts, Railroad Commits
sioners report for 1874 it is seen that the total
receipts of flour have fallen off at Boston the
past year slightly corn over 100 600 bushels
an6n atC Nv lr,.,l niu r,l, ,hnat
is not given.
The Italian Government has Just published
the official statistics Of commerce and naviga-
ton for 1873, showing that 239, 1S5 vessels left
in 1873, the Italian ports OF these Is $50 were
foreign vessels with an aggregate tonnage OF
7,O16, $50 tons. Included in these were 3S7
American vessels of 176 $40 tons On the LIST
OF January, 1873 the Italian commercial fleet
consisted of TO- Si5 vessels Of 1,046 l39 tons,
including 1873 steamers. From the rs ship
yards there were launched G37 vessels, aggre-
eating GS, 5i4 tons, and valued at Is, 49G, 657
lire
A judicial decision was rendered in New
York on Wednesday of last week that touches
question arising out OF gas monopolles.
The defendant resisted the payment OF de-
mand for gas furnished him, on the ground
that lie was assessed at a higher rate than that
used in making the bills of persons residing
in districts where the plaintiffs were obliged
to compete with another corporation employ
ed in the same business. The decision was
practically in favor Of the defendant, judg
ment being given for the amount OF gas con-
Sumed mt rates corresponding with those
charged in the other districts. The case i, to
be appealed, but the decision involves pri,l-
ciple which was well stated by the Judge,
who said that a public corporation having
large and valuable chartered privileges should
administer its affairs on the broadest basis Of
equity and coed conscience. incidentally it
also shows that where the company en-
countered opposition it was ready enough to
reduce is rates OF charge.
The Lead Trnde OF 1874.
The lead business of the past year is said to
have been of an unsatisfactory character, not
outstanding the impo IS and exports were
large. The total supply Of the United States
for 1874 GS,5O0 tons. Missouri appears
to tie the chief source of domestic supply, |
and its production Is increasing. The yield
in Utah and Nevada was up to full average. |
This, with sales by the government, are said
to have caused much depression in the trade. |
The bulk was shipped to New York and New
ark There are about twenty establishments
for refining and desilverizlng lead in this
country, and among them it is said that there
were six commercial failures last year. The
outlook for the ensuing year is also said to be
More hopeful.
California Mining Balance sheet for January.
Supplementng recent article upon the
assessments Of mining stocks IN San iran
cisco following the late excitement in these
stocks, we now find from the balance sheet
for January that the . Irish dividends, or
delinquent assessments, exceeded the two
dividends paid by two hundred and twenty
four thousand five hundred and fifty dollars,
standing one million one hundred and
seventy thousand eight hundred and fifty
dollars to the former, to nine hundred and
forty-six thousand three hundred Of the lat
ter. This is the first time in over year that
the assessments have exceeded the dividends,
saws the Bulletin, of San Francisco. -Four Of
the mines that paid dividends We're IN
Nevada, and the other four IN California, OF
which two quicksilver. The number OF
delinquent assessments were thrty-seven,
while the number OF dividends paid Wore
eight only.
Buttcrimc or Olcomur=erinc
Montreal contemporary gives an account
of the process of manufacturing what IS
called butterine in that city From TINS de-
scription, it is evident that both the process ..
and the product are the same as are here
known under the title of oleomargerlne. and
its manufacturer and the gazette Endorses |
them both. The New York Bulletin is on +
record as not seeing why this product may I
not be as wholesome as butter, II properly I
manipulated because analysis has shown 7
that butter resolved into its component parts t
is found to be chiefly the identical element +
used in the manufacture of butterlne-tat 5
Acting upon this fact, the manufacturers OF
this new substitute have endeavored to apply
to the manufacture the same process through b
which this fatty substance goes INTO the r.
udder Of the cow This process, IN use IN Fl
Canada. is thus described and differs moth |,
ing, we believe, from that formerly described "
in the manufacture Of oleomargerine. "
The process, while requiring great skill t
and care in manipulating, and the most scru- p
pulcus cleannesS, is very simple The tat
from which the butterne is made is brought a
in and thoroughly washed it is then passed o
through a hasher and reduced to pulp, G
when it is thrown into vats and, by the ap- t(