The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-04-28
COMMERCIAL MATTERS.

Der furnished in one year being 33S IN 1919.
Last year only 1O7 were turned out IN the
three shops.
1t must be pretty evident to the stock
holders of Illinois railroads that the business
of transportation is rather Overcome IN tnat
State. as very large number OF roads are
already in the hands of receivers. and several
others are making desperate efforts to Keep
out Of them. There are no less than thirteen
of the Illinois railroad companies whose
affairs are being wound up by the courts
Together they represent a length OF TWO
thousand two hundred ana elgnty-seven
miles. the shortest being thirty-two miles
long and the longest five hundred and fifty
two miles.
The amount of capital invested in these
several roads is enormous. but 1t IS doubtful
if the original stockholders will receive
twenty-five per cent of their outlay. Some Of
these days or years coming all those a. present
unsuccessful Illinois roads will be excellent
property, for they will be needed. They are
unsuccessful now solely because they were
built in advance OF any necessity Tor them !;
the population and trade Of the country did
not warran: their construction, but Illinois
grows so fast, in both population and trade,
that few years hence there will be a want
created for all the transportation facilities
which now exist, and for others beside.
{ orn Inspection and May Option in Chicago.
Great interest has been manifested by Chi
cago grain operators as to the probable in
spection OF corn coming forward after the
dropping of the word new" The report Of
Tuesdays inspection shows but seven cars OF
rejected out Of ninety-two cars received, the
balance grading No. 2 and high mixed. The
inspectors report the corn as very good,
sound, we'll keeping corn. The point of this
is the question in regard to the delivery OF
corn on May options, which is beginning to
assume definite shape.
Parties who have contracts claim that they
have the right to withdraw the new corn from
store and have it removed to different eleva-
tors, reinspected under the rule in force after
Tuesday last, and deliver it on their contracts
for May. The buyers Of these contracts in
sist that the reinspection of the corn is llle-
gal, aud it is rumored that, if it is attempted,
an Injunction will be served on the grain in
spector. There is no doubt, says the Iri.
Ju,e, that the next two weeks will witness
lively work among the operators in corn.
Australian Gold Prospects.
The Melbourne Argus. making its usual
annual calculation Of the quantity of gold
produced BY gold mining in Victoria. states
the quantity for the year 1874 at l. C2 GA
ounces, being 1l6. 1913 ounces less than in the
preceding year; and the average number OF
miners at 46, 800, or nearly 5000 less than IN
ton is accounted for partly by the over specu-
lation in shares in 1872 and 1873, which led
10 ENTERPRISES being started which never did
ANYTHING except make calls, and caused the
public to be unwilling to invest in mining
property generally. But besides this. it hap
pened that in 1874 no fresh extensive alluvial
deposits of gold-bearing wash-dirt were found,
or exceedingly rich yields obtained from va
rious quart mines, as was the case at Sand
A. If
large amount of work is, however, now
being performed both in quartz and alluvial
mining
The Mexican Sugar Trade.
TIE Mexicans are making strenuous efforts
to improve their sugar trade, and are invoking
legislation to that end. They want the home
tax on sugar removed, and appearances lndl-
cate that, to some extent at least, their request
will be granted. short time ago. at a meet
ing Of the planters of one of the sugar dis
t.ic.s, il was resolved to send larger guam
titv Of their product to the United States and
Germany, in order that it might be better
known and appreciated. This sugar has found
its way into New York in moderate quantities
for many years past, but the trade has never
attained any particular importance. 1t sells,
as rule, at about q half cent per pound
below the price for Cuba.
1t is. however, very irregular in quality,
and some Of it will bring As high price as
the best muscovado. This Mexican sugar is
something of the order of st. Domingo,
Brazil and some East India kinds, which are
disposed of at prices under those ruling for
West India. From the fact that it is dryer
sugar, the Mexican is regarded as more suit.
able for refining purposes than the CORE
spending grades of Louisiana. A number OF
planters formerly engaged in culdvating
sugar in Cuba, owing to the troubles on that
- n q
terred their operations to Mexican plantations;
and in view Of the efforts alluded to. It would
not be surprising if the trade in Mexican
sugar became, ere long, of some importance.
There is little of this kind of sugar here
now.
The Merchants Of tho Revolution.
The New York Chamber of Commerce was
ably represented at the Lexington Centennial,
on Monday of last week, commemorative Of
the commencement OF the struggle between
the colonists and the mother country in l775.
MT Eliot c. Cowdin, of New York, eloquently
spoke of the merchants of the Revolution,
and showed that while ready to sacrifice every
thing for the cause Of national independence,
our ancestors included nothing in that phrase
that did not mean liberty and equality tor
everybody, as we'll as themselves. We quote:
The New York Chamber Of Commerce was
instituted in the year 17GS by voluntary
agreement. Of the leading merchants OF the
city. 1t was period of profound excitement
The traders Of what was then the colony OF
New FORK has suffered under heavy burdens.
The Navigation acts Of the British Parliament
tended to destroy the commerce OF the
colonies. They were not allowed TO trade
with any foreign country, nor export to Eng
land their own merchandise except in British
vessels. Iron abounded in the colonies, but
not an article could be manufactured BY the
people-all must be imported. Wool was
abundant, but no cloth could be manufactured
except for private use, and not pound OF
the raw material could be sold from town to
town, but all must be sent to England, to be
ultimately returned us manufactured cloths,
burdened with heavy duties. Beaver was
then plenty all along the streams; but no hat
ter ,c0s permitted to hare more than t,co dppre's-
tees, and not hat could be sold from one
colony to another These are but specimens