The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-04-21
COMMERCIAL MATTERS.

/ The speculative activity in Chicago has
fallen off, and with it the demand for meme,
at the banks for such business.
The Suez Canal during the last business
year paid dividend Of slA per cent upon the
entire cost OF construction. 1t will probably
pay more than this hereafter, as there has
been, and probably will be, notable increase
of business Oh this route.
An interesting suit, touching the liabilities
of banks to their depositors, was concluded
IN the New York c0urts last week. The de-
posters kept their account in tho Citizens
National Bank. The suit was one brought by
them against the bank to recover Sl446, al
legged balance of their deposit, and turned
upon the genuineness Of certain checks paid
by the bank in 1868, signed with the name of
the firm, and which were declared genuine
by the bank cashier, teller and book-keeper.
The jury, however, decided them to be for
geries. and rendered verdict in favor Of the
firm for $2l37 81, the full amount claimed,
with interest.
At recent meeting Of the Pork Packers
Association Of Chicago q resolution was
adopted instructing the Secretary to compile
annually q full report Of the packing Of the
West Chicago has been for some years the
leading packing point in the West, and her
packers desire that report of the season
! A resolution vas also adopted providing for a
weekly return Of the stocks Of pork and lard
| during the regular packing season.
In Georgia there is a railroad about fifteen
miles long, running from one of the principal
cities. on which one train makes a round trip
each day, stopping ten minutes at every sta
ton and running at q rate of four or five
miles an hour. A smart drummer, who did
not want to wait over day in one of the sta
tons, the wags say, bribed the conductor with
a dollar to wait al hour ut town while he
transacted his business.
Philadelphia is set down in tax table pub
lished in the st. Louis Democrat as having an
area OF 20 square miles, while New York
figures with % and Chicago with 81. Now,
according to the Philadelphia North american,
the true area of that city is 1919! square miles,
which is about the area of London. The
same journal also assures us that real estate
is much cheaper III Philadelphia than in any
great commercial city in America.
A recent London dispatch stated that mo-
ton had been made in the English House of
Commons to the effect that England should
withdraw her agreement TO the declaration of
Paris in 1856. The motion was very properly
rejected by vote of sc yeas to 26l nays, for
Eogland has derived advantages from the
declaration of Paris. if she has had to make
some concessions in relinquishing her right
to seize an enemy's goods on q neutral vessel.
The following are the stipulations of the
declaration referred to:
l. Privateering is, and remains, abolished.
2. The neutral flag covers enemys goods,
with the exception of contraband of war;
3. Neutral goods, with the exception Of
contraband Of war, are not liable to capture
under enemy's flag.
4. Blockades, in order to be binding, must
be effective ; that is to say, maintained by a
force sufficient really to prevent access to the
coast Of the enemy.
The Tax ON -Distillcries Running.
WASHINGTON, April 16.-The Commissioner
of Internal Revenue, after hearing the argyll
ments presented by the counsel representing |
the New York tobacco trade and the Rich |
mond manufacturers on the construction of
the late tax law, has decided to adhere to the |
ruling made by him some time since, name |
~, that the law applies to the entire day of
the Sd of March, beginning at midnight of
the second, and all tobacco withdrawn from |
warehouse on the I'D of March is liable to the |
tax.
It is claimed by the Bureau officers that |
they are upheld in this ruling by Secretary
Bristow, and that the practice of the Treas |
ury Department in the construction of the |
customs duty law is uniform in the same d. |
rection. notwithstanding this decision. it is |
certain that the manufacturers interested will |
control the question in the courts, and, it is |
said, with every prospect Of success.
DIsTrLLERIEs RUNNING.
The internal revenue officers think that the |
business of the country is reviving, and say |
that there are moro distilleries running now
han in the month of February, although the
AMOUNT withdrawn from bond is more than
enough to supply the demand for consump-
ion.
The New Canadian Sugar Duty.
The reduction by the Canadian Government
If Csc per 100 pounds in the duty on all raw
'ugar classified as No. -. and under Dutch
standard. designed as an expedient for giving
he Dominion refners a better pportunity Of
with those Of the United States in
he sale OF their product in Canada, is not ex-
'octed here to have much effect on that
branch Of trade. The reduction applies
'nly to the lower grades of yell
ow sugar and cannot influence the
ale or prices Of white grades, such az crush :
d, powdered. granulated and cut loaf, the
prospects of large Canadian trade in which
ontinue quite promising. Houses here who
purchase on Canadian account affirm that
the advantage thus extended
D the Dominion refners, on the description
t sugar mentioned, they can, owing to the
,te Increase in the American dra wback, Sc
ure yellow refined sugar at prices which will
nable them to compete successfully with the
canadians. In view of these calculations no {
neasiness is felt by the New York reiners
N Y. Bulletin.
A revolver The earth. .z..
Zarsaparilla is infallible in eruptlons. !,