The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-03-25
COMMERCIAL MATTERS.


actual running along its line.
By new inven ton it is claimed that glass
can be made into building material, for house
fronts, floors or pavements, superior TO mar
bic in durability and economy.
The Chicago real estate market is reviving
somewhat, though not active, while foreign
insurance companies are said to be loaning
again upon real security.
Baltimore firm of brokers has failed on
their short gold contracts in New York.
Quicksilver is so scarce and dear in Mexico
that the Mexican Congress has offered a re-
ward of $50 600 to the first mine producing
oOO TASKS of that mineral. 1t IS contended
by Mexican metallurgist that it may be pro-
cured at fifty places if proper steps are taken
to do So
4 Spanish Es innate Of the Effect of Insurgent
Operations on American Commerce.
We condense the folio wing from an article
IN III Cronista, the Spanish organ Of New York
city:
Estimating the hogshead of sugar at $i5
each, and valulng the sugar destroyed and
the probable produc ion Of the cane burned
by Cuban insurgents at altogether 80 600
hogsheads this would represent a value OF
ST., i40, coo; but as the cane was burned in a
green state we may as we'll reduce the loss to
$1,000 600 The export duty being Sc per
hogshead, we may put down the loss to the
exchequer of the island at Sl92, 000 and add
ing the ten per cent tax on profits of planters,
the amount swells to S22S, 900. The actual
loss to the island is consequently but a
trihing one. Looking at the results
of insurgent operations from another
point of view, that of the American
people and government, we arrive at the to!
lowing facts: In the first place, american
shipping sustained loss of SO freight per
hogshead, which remained une armed, or be it
$1,000 next, the loss of duty on sugar
which would have been imported into the
United States will be found to amount to
Sl,0S0000 gold; the loss of commission sus-
tanned by American merchants we may set
down at SIPS, 600. The loss on the part of
American refneries of profits not made in con-
Verting the raw sugar into refined we calcu-
late at 81 ,O2O,OiO On summing up the var-
GUS amounts we arrive at the total of some
thing like S2,3SS, 0i0 Comparing, then, the
latter amount with the loss ed by the
planters and the Spanish Government in
Cuba, and it will be perceived that in reality
Che American people aud governmfn Mt ale
losers by the depreda,ions of the insurgents
to much greater extent than the former.
Gable and Telegraph.
New York Flnancial Chronicle 2O.h instl
Below we give our table Of visible supply
$50. 81 lo7'
Total continental ks 3l4 80 40 80 523
Total European silks. .1l9l2,o l.3o5 800 1iO- 900
Total visible supply. 29G2, 703 2,9765i9 2-'s 40
Of the above the totals of American and
other descriptions are as follows:
Total East India etc. 1890 -, 800 | 25- 900
Total American. 957, 40 1@loi9 1,5-0 80
Total visible supply 1862 7o9 900 5i9 27;t- $50
These figures indicate a decrease in the
cotton in sight tonight of ID $40 bales as
compared with the same da.e of 1874, and an
increase of 1913 979 bales as compared with
the corresponding date of 1873.
The Cotton Market.
From Smith, Edwards & Co. : Liverpool Circular
OF March l.
The prospects of our market have altered
during the past month, owing to the decided
change of opinion about the American crop
At the end of December the favGrlte estimate
was 4, 800 600, at the end of January 4,000,-
900, and nov we shoull say $500, 900 to
3 800, 600 bales. This is very surprising
change. but is quite justified by the xtraordi-
nary and persistent falling off in receipts,
which scarcely any one In America looked
for. At all events, the echoes of American
opinion which reached us here were constantly
in favor of increased receipts after the roads
improved, and it is not more than two or
three weeks since 4,250,000 fairly dropped
out of sight; 1000, 600 is now the maximum
crop guess, whereas three and three-quarter
millions. is qnite in favor with large number
but we should say that the average opinion
at New York and here is about 3, $50, 900
bales.
According to that view the present def
cheney of $50 600 bales in receipts will be
doubled by the end of the season, and at the |
moment this appears quite pro bable. This
season, like many Of its predecessors, proves
that the most careful American opinion about |
the crops is little better than guesswork, and |
the arguments advanced in favor of certain
theories ale much more OF the ma ure of
special pleadings to support foregone conclu-
sions than sound differences from undoubted |
facts. Last year crop estimates were raised
half million of bales between December and
February, simply owing to the large receipts;
this year they have been reduced nearly as
much because receipts have been unexpect-
eddy small and it appears as if we would
never reach safe opinions about the crop
till the actual course of receipts practically
settled the question.
The currents of feeling in America repre- p
sent the predominant interest of SPECTATORS
This year the I" bear interest predominated,
and large crop opinions followed as a matter
of course. In former seasons the bull " in
.erest usually prevailed; hence the crop was
usually underestimated. The Agricultural
Bureau is alter all coming out most nearly
correct; its reports were treated with contempt
most OF the season, but next gear it will be
regarded as an oracle.
The rise in prices that has taken place from i
the bottom of our market has been about 81
per ID, which is not great, considering the .
change of prospects, but it must be borne in
mind that had the large crop estimate been
realized, we would probably have witnessed
all by this time to ii for middling uplands.
We therefore consider that the change in 7
PRICES pretty fairly represents the change in
prospects. At the moment, however the
ceiling is very sanguine, and further rise Of T
d is generally looked for, which does not APP !
Dear impossible if the crop is to reach only
J. SOC, 900 bales or even 3, $50 900 bales. Some '
acts have, however, to be put on the other J