The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-05-26

likely to fall short of the expectations of the
Secretary of the Treasury. Last December he
estimated the receipts from all sources at
1884, OOO, 900 and the expenditures at $685.
OOO 600, leaving q surplus of %, 600, 900 for
the sinking fund. The account of receipts
and expenditures for the quarter ending
March 81, 1875, has just been closed. That
settles the accounts for nine months Of the
current fiscal year. with the following result:
Net receipts, $225, 29l $40; net expenditures,
222, 223, sis. The amended tariff does not
weld "a much as was anticipated. The esti-
mates from the two great sources of revenue
were as follows: Customs, $162, OOO, 600; in.
ternal revenue, $105, 600, 900.
The former will probably net $l56, DOC, 600,
and the latter $112, ZOO, 600. The miscellane-
GUS receipts keep steadily up to expectations.
The customs receipts for the fiscal year to
April u.s. 1875, were $134, 742, 1903; internal
revenue $1O2, 175, 278. The customs receipts
are now coming in below the average. and the
internal revenue far above the average.
The net gold on hand is 81, 900, 900, from
which the Secretary must provide for the
sinking fund oall-$24, 900, 0O0-yet unpaid,
and $25, 600 interest on the public debt due
July l. The gold receipts to July !, which
will probably be $40, OO0, 900, will be added Of
course before the July interest becomes due.
NV York Markets.
The New York Post says that in regard to
trade it is limited to immediate demands for
consumption, there being no speculation in
snv department. The exceptionally backward
season has without doubt injured what is
known as the spring trade, but the business
has been by no means as unsatisfactory as is
represented in some quarters; nor is the out
look so discouraging. Buyers have taken no
more goods than they could pay for, and col
lections were never known to be better.
It follows that trade, although restricted, is
essen tally sound. What the fall trade will
be depends very much on the crops. The
outlook for grain is not at present what could
be wished. In regard to cotton, the acreage,
judging from the reports of the best-informed
at the principal points in the South, is larger
than last year, and the plant is in much
better condition than in the middle of May,
1874. If We have good crop it will do more
for the country and ths fall trade than any
thing else.
Among the bankers there is q well-settled
opinion that there is already formed another
gold clique, and that it will soon begin opera
tons, directing its attention to distressing
borrowers of gold as we'll as to advancing the
gold premium. Whatever may be the facts
in regard to this particular clique, it is known
that all the conditions exist for successful
manipulation of the gold market. and in fact
that these are SO tempting that it will be very
strange if some one does not take advantage
of them.
Strength Of American Irsn Ships.
The Philadelphia North american has much
faith in ships built Of American iron. Having
been INTERCEPTED concerning the recent
breaking of the propeller blades Of the
!" Pennsylvania" on her first trip from Phila-
delphia to Liverpool, and of the "City of
Peking," during her trip from New York to
San Francisco, it says:
"The breaking Of propeller blades is quite
q common occurrence, and no Importance is
attached to it, because the strain upon the
blade is always very great, and in heavy sea
the power Of the tremendous waves is almost
irresistible. The best proof of the strength
of our American iron ships is that none of
them have ever been lost at sea or wrecked
on coast, while there is o fearful list of dis
asters to foreign iron steamers. OF course
the sea is powerful enough in gale to sweep
all before It, but somehow our American iron
steamers have survived its greatest fury. In
such q gale as the Pennsylvania encoun-
tered, it was wonder that she survived at
all"
New York Bulletin, 22d inst.l
Since the beginning of this month, the re-
ceipts of sugar at this port from Cuba have
been unusually heavy. The importation lists
for some days, indeed, have been composed
Havana, Sagua Cardenas Matanzas and nu-
merous other ports. The receipts since the
LIST up to the Goth instant had reached 81, 1873
hoRsheads, 1927 boxes. 1884 bags, and
3l28 packaees melado. This was almost all
from Cuban ports, and, Notwithstanding sales
during the time indicated Of $4,000 hogs
heads, 5000 boxes, $4,000 bags, and 1894
packages of melado, the stock here in the
hands of importers on Thursday morning
was 1l2 200 hogsheads, $1,000 boxes, 81, ZOO
bags, and 1900 packages melado. This guam
tity was the supply against 11O. 600 hogsheads
ct the same date last year, GA, 800 hogsheads
in 1873. and 63 ,048 hogsheads May %, 1872,
besides fair supply in other PACKAGES.
In view Of the reports that there had been
considerable damage done to the plantations
in Cuba, and that in many instances they bad
been entirely destroyed by the opposing
forces, the large receipts here from that
island have naturally oc ,asioned some sur
prise.
One of the leading members of the trade
states that the increase is due to several
causes, though it was usual at this time of
the wear to expect rather liberal importations
from Cuba. The houses at the shipping
norris of that island had of late been favored
with . large number of vessels available for
this trade. and had taken the opportunity
Afforded them to send forward the sugar with
more rapidity than usual; the planters were
anxious to have the sugar marketed Is soon
as possible, in order to escape the chances
and uncertainties. There could be no doubt
that the crop had been greatly reduced by
the damage inflicted, and that though the inn
portations had latterly been large. the final
exhibit would show falling of in the guam
tity received It may be added that the
prices have lstterly shown IN important de-
cline
DoAt an 70 try Paragon yeast powdses.