The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-03-30
THE STATE OF TRADE.

i, The Chicago Hter-O ao?e is most IN
reliable political journal, bat we ere free te
admit that is Commercial. department. is ably
and ulicicusiy edited. 7ye take rom that
, paper Of the 9th inst tie following remarks
on the state Of trade:
1Ie siGns OF a return Of activity IN bust
ness ere as yet almost entirely COZ dnel to
speculation. Legitimate trade Of almost
ever7 kind and in all ARTS OF tie United
States is DUB yet. There has been, p large
advance IN pZees OF rail Wy stocks and it is
d noteworthy taes that tEs sumher Of shares
sold yesterday in New Yo-1 was 93G.G,O.
at he par Of $500 per Stare this would re-
pfeseao the enormous amount Of - 500, 900
that changed hands in one day. o. course it
IS understood that this does not actually mean
| that there were new Purchasers for that
amount OF property, but only thss certain
| specul tors haze made bets en- the prospective
values OF that amount o. property Never
theless, this large increase Of speculation is a
new feature, AID may be tho foreruncey ofnew
enterprises and an increas of activity gener-
ally. he same may be sa:3 of the wheat and
pork speculatlons in this market and the gold
speculation III New York
But n legitimate trade there is very little
activity yet. Sales Of any kind Of goods are
small, AID the spring trade is not as lively as
IT should be at this time II the year. The
dry. goods trade, which is prettr fair indi-
cation OF business generally, is dull vet. |
though we think it is much bettos here in |
Chicago shan in New Yozk. Tbs latest ac |
counts rom that city say there IS no real |
activity IN any department Of the dry goods
trade. "a regard to that important branch of |
Industries, the iron trade, TIE prospect is not ,
very encouraging yet, though it has possibly
improved little in the last month.
With the exception of the Rock Island, the
Central Pacific, and "a few Others, the railroads
are not making any money. The sale of some
OF the crops OF the West, such as hogs and !
corn, has been satisfactory, and good prices
have been obtained but tho low price of
"heaf makes the wheat-raising States Of the
Northwest feel poor yet, and farmers in any
part CT the West are not buyioe MANY Goods
city merchants End it yery diff
cult to collect. In Boston and in New Eng
and generally there are only few symptoms
of revival OF industrial activity yet.
Ii Wall be seen, therefore, that the s'revival'
u activity Is thus far only speculative, and
based only on eXpectatons CT better times to {
;ome There Is, however, good reason ecr
linking there will ne a ve2y important in t
feaSe OF actual legitimate trade within .he !
.e1t month.
The first of April is, generally settlement {
owDs Of New England and New York, end a a
reat deal OF currency viii be drawn rom ]
'ew York for temporary Use IN the country. /
4 May The National Treasury will disoarse S
early $40, 600, 600 in gold for interest On the
POS of 1862 and 1864.
Beside these, there will be a large amount
I corporation dividends paid out in Hay =
'hese circumstances will set an ir,1nense !.
mount OF capital IN motion, and wiz clear :.
II very large amount Of indebtedness. as !,
ell as pat money in the hands OF those who U
I'll be obliged TO fnd investment for it. :
It Is now admitted en- all sides that the gold .
0eculaton will have the effect of inducing a =
reat many natlcn2l banks to surrender their .
regulation and throw their bomb, on tie
arket, and also that this will etfectuauy pre- II
ant the sale OF the new five par cents in i
urope By the syndicate. Consequently tbs !,
30, 100000 o. called bonds will nearly all 81 81
ave to be paid in gold out of the Treasury. u u