The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-17
COMMERCIAL MATTERS, Etc.

Two of the lagest manufacturing firms il
- Pittsburg, Pennsylvania, have purchased one
of the large gas wells in Butler county, anG
propose to demonstrate the practicability o.
bringing the gas to that city without the loss
Of infammable power. The distance is about
eighteen miles.
Speaking of business prospects at Boston,
the Shipping List there says: buyers are
moving cautiously, and, Notwithstanding the
low prices on several leading articles, there is
no desire to stock up to any extent"
All the manufacturing establishments in
Canton, Mass, are running on full time, the
silk mills especially being driven night and
day.
A Lowell, Mass, firm has just gone Into
the manufacture Of felt shoes, for which it
has the entire patent right in the United
States.
Immense beds of sulphur have been found
of about thirty miles of the tracks of the Cen.
trail Pacific Railway. The material is found at
all points on small mountain, which explo-
rers say is mass of sulphur. A company is
engaged in operating the works, and town
has been laid out which bears the appropriate
name of Inferno"
Syracuse, N. Y, is now, in point Of popu-
lation, the twenty-eighth city of the Union
The cities ahead of it are On the order of
population) New York, Philadelphia, Brook
Ign, st. Louis, Chicago, Baltimore, Boston,
Buffalo, Washington, Newark, Louisville,
Cleveland, Pittsburg, Jersey City. Detroit
Milwaukee, Albany, Providence, Rochester,
Allegheny (Pa.), Richmond, New Haven,
Charleston and Indianapolis.
The Louisville COurier-Journ dissents from
the estimate that the tobacco crop in Ken
lucky viii! be ~ per cent greater than 1873
On the contrary, the editor asserts that the
yield will be far lighter than in that year.
The building permits in Chicago last week,
reached the unusually large number OF 48, and
were for tie erection of 124 houses. This is
said to be the best exhibit made this year,
and, as most of them are dwelling houses, it
betokens the greatest activity in that kind of
building that has ever been seen in that city.
The ship "Stuart Hahnemann," which was
lost of Medeira on April 18th, was valued,
vessel and cargo, at a18O, 600 sterling. The
loss falls upon London underwriters.
Our latest mail advices from the Continent
of Europe present generally gratifying &C.
counts OF the progress of harvesting and the
condition of the crops. The principal excep-
ton comes. from Odessa, where there is much
complaint Of the crops of Southern Russia
having suffered from drouth. From France,
Germany, Austria, Hungary, Portugal and
AollanG, reports are, on the whole, satisfac-
tory.
The New York Bulletin, of the 18th inst,
says:
There are decided indications of an early
preparation for the autumn trade. large
number of merchants are in the city from
different sections of the country, who have
been waiting for further developments as to
the probable wants of the fall trade, but are
now taking hold with renewed confidence in
the prospect Of q satisfactory seasons bust
ness.
From Messrs. W. G. Watts & Co.'s Weekly
Cotton Report, dated Liverpool, July 80, We
take the following:
The Position, etc.-On Monday last lock-
out in the Oldham and Ashton Districts
caused the closing of quite number of mills
The Manchester Guardian estimates that about
Eve million spindles were stopped, or
nearly neeighth Of the total in the King.
dom, which would indicate decreased con-
sumption of about 5000 bales per week. Re-
ferring, in our last report, to the apprehen-
sion of this lockout, we expressed the
opinion that it would not be an unmixed evil
and possibly positive good, from the fact
that it was likely to be of short duration, and
would doubtless stimulate business in Man
chester.
The course Of our market this week and the
confirm us in our opinion. At present the
preEailing impression seems to be that the
lockout will not continue over two or three
weeks. Should it last only two weeks, the
decreased consumption resulting therefrom
would be nearly offset by the total loss-re-
ported this week-of the ship Stewart Hahne
man. from Bombay for this port, with cargo
of Is, 637 bales cotton.
On Wednesday the unexpected announce
xnent of the suspension of the great banking
house of Messrs. Duncan, Sherman & Co., of
New York, gave quite shock to our market.
The effect en- the spot market was unimpor-
tant, but deliveries declined I'D y ID. At first
1t was feared this suspension would lead to
serious financial endorsements in New
York, and possibly to complications and Sc
rious losses on this side, but these fears seem
now to be dispelled. by the reduction in the
bank rate yesterday from to p u cent
There has, however, been quite a heavy de-
cline in cotton at New York during the week
j cent per ID in spots and / to SIG in de-
liveries-which is doubtless due, in q great
measure, to the suspension referred to, and to
che declining tendency Of gold but by many
here it is regarded as the legitimate effects of
favorable reports in regard to the growing
crop, the continued prostration of trade in the
States, and the resort, by some few Of the New
England mills, to short time and has conse-
quently had very depressing influence on
our market.
The deliveries of American cotton from
this port to the trade since the eginning of
this year have averaged 80, 100 bales per
week, against 30, $50 same period last year, a
decrease of 1850 bales per week. This de-
crease is more apparent than real, from the
fact that spinners have reduced their stocks
of cotton to such low point There has I'M
doubleday been some decrease in the relative
consumption of American this as compared
with last year.
This has grown out Of the small supply and
relative high prices Of the lower grades OF
American-which has induced spinners to use
more SuIats-and to the scarcity of good
stapled parcels and the consequent increased
use of Brazils. The supply Of American in
and afoat for this port is now 10000 bales
larger than at this time last year. This ex-
cessive suppiy-so totally unexpected four
months ago-has been primary cause of the
recent depression here, But there il GOOD