The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-04-07
COMMERCIAL MATTERS.

with regard TO safe lOaoIuSr oio % oA"' o.
least, as the middle ages; and q correspond
ent of a contemporary points out 'nas skeH
bridges and iron clads date from the same
reriod. Examples OF skew arches are 20 be
found at Furness and Fountains Abbeys as
we'll as ia other ruins Of the same or an earlier
age: and the Knights OF St. John in the early
mart Of the sixteenth century had two IRON
:!ads in their famous navy.
The fact. lust made known, that tae hog
crop has placed ia the hands Of the farmers
of the United States 100000 600. larger
e,um than any previous crop, IS nov heiolng
to revive the hop of merchants Ia New York.
One OF the notabl, features OF the present
financial situation IS the numerous failures Of
3mau banks and BANKERS. Among those IN
the last week or two are the Western Savings
s,nk of st. Louis, + .rclay Voorhees, u Co., OF
Chicago, and on last Monday T. Burt
"a. OF New Bedford, Mass, and the Ashland
savings Bank, Ct Ashland, Pa. The failure
Of Burt AIo created some surprise in Bos-
ton. where they we're well known and consld-
cred sound liabilities $780, 200, assets $780,
Dop. All OF the falling parties above men
toned refer their troubles back to "iosses by
The panic.
Tie total amount of national bank notes
received at the Redemption Agency in Wash
ingtCn, from July to NJ .rch ~, was S9S 49,
..
for out Of the five per cent rsiimption fnnd
during the same 1od was $50 S34 500. The
difference between the two above amounts Is
sl2 974, 79S This is the amount OF notes OF
national banks which have failed, gone into
soluIt.ry Gquit;ation, or made deposit
sor the purpose Of reducing their circulation,
which have been assorted out by the agency
and exchanged with the Treasury for legal
tenders, and Of bank notes tit tor circulation
which have been exchanged with the treasury
sor notes unfit for circulation.
southern Cotton Manufacturers.
The B,ltimore american publishes the
views of the severa; cotton manufacturers OF
That State as to the prospects OF business ia
their various branches in that section OF the
country. As q rule they are gloomy, com
planning that the past year had yielded no
profit on the product Of their mills, while the
outlook is no. much more hopeful tor the
near future, or, al Last, until the stock Of
high priced cotton now on hand shall be
worked off. Tuis state Of affairs is attributed
not only to the decline OF the raw material
since their stocks were laid ia. but also TO the
operation of the laws regul ting labor, which
are complained of as oppressive.
Another, and the most significant cause, IS
that Z .sterne capital in the States further
south is more than successfully competing
with the manufacturers OF Maryland, because
Of the lower prices of both co ton ana labor.
The mills thus coming into existence are all
new and filled with the most improved ma
.,hinery, which make it impossible to compete
with them successfully. The South, IN this
matter of cotton III nufactnres, has great
future before it, undoubtedly.
1t has all and many more than the adyan-
ages OF New England, exceliing 1t both IN
power, abun lance and cheapness OF Wafer
supply and privileges. 1t is also nearer the
source of supply of raw material. while at the
same time it is nearer the great source OF 1000
!supoiy-the West. The agricultural prosper
Hty Of the South may not only be r stored, Ou,
increased by thus introducing a diversity OF
products. to which its soil and climate are
vell adapted, instead Of trusting to the one
crop-colton.
New National Banks.
The Controller of the Currency has re-
seiyed twenty applications for national banks
during the month Of March, Amounting to ST.
10. 600. of which amount 81, 100000 IS frou
the Eastern and Middle Stttes, $50 900 from
Che Southern, and $250,GOO from the West
.ra States Daring the same month the
amount of Applications for increased circuia
.lon from banks nov organized was S9O9.OOO
If which amount Ssi9,O00 vas from the East
ern and Middle States, and 500, 900 ftom tht
tender notes deposited for the purpos'
Of surrenderinc bank circul ,tion during TN
months of March was S2,SlS, At, OF which
amount 1869 500 was surrendered by thu
State of New York, Sill, 900 BY New Jersey,
:si:,5, 900 by Kentucky, Sl,O24, 700 by Illinois
and $3.50, 600 by the State of Iowa. The to.a
amount OF legal-tender notes deposited witt
the Treasurer for the purpose OF surrender
4ng circulation since the passage OF the act
June 20, 1874, is 1896, OBJ, OF which amour
siSlS 900 was deposited by the State OF New
York, $4,000 by New Jersey, Sl53,ooo oy
Rhode Island, $4,000 by Pennsy lvania
slG6, by Maryland, $40 600 by Yves
Virginia, Sl3l 600, by South Carolina, 1925,
900 by Georgia, s644, 600 by Louisiana, s222,
900 by kentucky, S220,0O0 by Tennessee
81, $40, 600 by Missouri, $4,000 by Ohio
ss3:,OO0 by Indisna, S3,03O,6OO by Illinois
1851 900 by Michigan, $4,000 BY Wlscor
sin. S554,OO by Iowa, $3.50, 900 by Mime
sofa, $500 600 by Kansas, and S27O.O0O b
Utah. The amount OF national bank clrcu
lation issued during the month Of March wa
sl,95O.225, and from January IA to March
81 COG, 375-total since the passage Of the &C
OF January IA, 1876, SO, $50 500. The amour
Of national bank notes surrendered and dc
stroyed of banks which are in liquidation
and which have deposited legal tender note
since the passage OF the act Of January IA,
si,li2, 419.
Hog Crop Prospects.
The ". j. Wilcox Lard Refining Company
Of this city, have just issued supplemental
circular, bringing their statistics down to tn
close of the packing season, from which som
important deductions as to the future Of II
market may be made In this circular al
embodied and Endorsed conclusions Of ~
Cinnemon, Of Cincinnati, upon the same sui
ject, which seem to have received careful q
,ention and in which he gives some rattle
surprising comparisons. We quote: y,
s,,vernment Statistics reported in the countr
IN 1928, q, OOO, 900 h, ad Of old and youn
hogs, the Western packing was 5, 10, 3l4; an
IN 1884. with $4,000, 900 head. Wester
packing was 5,466, 300. The present year
government statistics report only 1900, OO'
yet tee high prices increased the proportio
sent to winter market to 100000. Tb
shows steady reduction Of the stock OF hos
IN the country to work on this coming yea
Rut hiph prices vii! lnIuce feeding and thel