The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-06-11
C0n1[ERCIAL MATTERS.

8
C01NERCIAL 1ATTKR&
BuiIdinss sesrskatine in value moro thar
$500, 600 are now IN course Of construction II
Atlanta, Ga The Herald Of that city argues
chat the cause d this il the re-enactment d
the usury laws, which compels capitalists 70
seek other Investments than stocks, bonds
and commercial paper.
The latest advices from France represent
the prospect - favorable TO m abundant har-
vest though there were local complaints Of
drouth. The rye and barley crops had been
damaged by previous drouth. Wheat was
heavy and lower. but other cereals steady.
German reports Of May were highly en-
scouraging
The weather was favorable in Roumania.
Favorsble reports are still received from
the British Isles
The WOODEN goods trade, though in better
condition than the cotton goods trade, is in
very unsatisfactory state. The New York
Economist and Dry Goods Reporter, gives an
instance Of one wooden mill which cost sou, :
900, have been sold 1t SAL 900, there being
SIS, 900 cash supplies on the premises and In
.cluded in the purchase; while another brought
about 22} per cent of the .sh cost
The Financial Chronicle has carefully
compiled table Of the trust companies of New
York city and State AMI their business The
aggregate trust and general deposits of the
twelve companies amount to $38 48O, 900, OF
which the United States Trust, on capital
and surplus of 1854, 900. holds $13. GAS. 600.
The aggregate amounts loaned and invested
are SIG, 216, 900 in stocks, SIS, 097, 900 on col
lateral, $500 900 on personal security tmer-
camille paper. and "a, 982. 900 on mortgage.
The whole capital is $ll. 752, 900, and surplus.
-, 797, 900.
The Treasury has also decided that the re-
aduction Of Eve per cent in lieu of breakage
on effsrvescing wines, liquors, etc in bot
ties, under section 8, act Of February 8, 1875,
is to be made from the number of cases speci-
fled in the invoice. The same result would
be reached by assessing duty on the entire
invoice, and then deducting Ave per cent from
the amount thus ascertained.
Silver has deprecated in Europe IS pence
to the pound, ana the premium 10 therefore
reduced to point which will render feasible
its substitution tor paper change in this
country. The law provides for the retire
ment Of fractional currency and the issue OF
silver whenever the latter shall have APP
preached within ten per cent of the value of
greenbacks, but so long as silver was ct this
premium, or higher one. there was no
inducement for no ders to make the ex-
change. As soon, however, Is the coin falls
to six or eight per cent premium its inconve-
with the expense of shipment, makes it an
object for holders of large quantities to ex-
change it for paper money at par.
Fog Hsrn. and Sailing Vessels.
The Boston Shipping List of Saturday says:
In these days of frequent collision and loss Of
vessels at sea and on the coast in heavy fogs,
it may not be amiss to call the attention Of
masters and owners Of vessels to the existence
Of law of Congress passed in 1871, "to pro.
vide for the better security of life on board
vessels" etc., which law. among other things,
requires that all sailing vessels shall carry
fog horn which shall make sound equivalent
to steam whistle.
A circular issued by the Secretary of the
Treasury in December last requires the COL
lectors of the several ports in the United
States to see that this law is duly enforced
A copy Of this circular has been placed on
board large number of vessels which were
not provided with suitable instruments for
the purpose required. The officers of that
port intend to have this law rigidly enforced,
and they have within the past few days caused
the seizure Of two vessels for Noncompliance
With its provisions.
Busiaess Prpspects in New England.
The Boston Commercial List, of Saturday,
in reviewing the business situation there for
the week, says there is still an absence Of vi
trade is kept within q small compass. The
shrinkage that has been in operation for some
time past il still prominent feature, and
this, more than anything else, perhaps, has
the effect to make trade dull We say per-
haps, for the present condition Of affairs can
not for Q certainty be attributed to any one
particular cause. It ID the result Of combi-
nation Of causes, and indeed it requires very
close scrutiny to distinguish the cause. We
may add that this may be accepted as fair
expression Of the business situation through
ont New England, - we'll g in Boston
HigAwines Trade.
MesGs. Boyd & Co., of New York, in their
last weekly circular, make the following COM
ments on higwines:
with the decided reduction in produc-
ton, the present stock, which We estimate ct
SO, 600 barrels, will soon be worked of On
the 1st Of April, Illinois was producing 1400
barrels daily, and on the LIST Of June only $50 |
barrels. Although Ohio has not reduced her |
production to the same extent, yet there is a
decided falling of there. Even should the |
market advance 90 that higwines would pay
: fair profit distillers are not likely to start |
until the middle or end of August, as they
cannot run with profit during the summer |
months."
Inpereant Life assurance Decision.
The Court Of Appeals, sitting at Annapolis, |
Nd, have decided that case of tho Knicker-
booker Life Insurance Company W. Magda- |
lena Peters, under IN appeal Of the company |
nom decision of the lower court
The company defends it action under the |
clause in the policy which makes 1t void If |
the assured shall die BY his own hand or act
The Court says it Is now too we'll settled
20 admit Of question that the clause ID not 20 |
be construed q comprehending every posi-
BILE case in which life ID taken by the partys |
own act AL the authorities concur in The |
view that IN unintentional or accidental
taking d life il not within the meaning and
Of the clause.
Thus, il by inadvertence or accident,
party shoots himself or takes poison by mis-
take, or In sudden frenzy or delusion tears
! bandage from . wound and bleeds to death,
in the literal sense Of the term he dies by his