The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-26
COMMERCIAL MATTERS, Etc.

COMMERCIAL MATTERS, Etc.
The oil wells of Pennsylvania were discov.
cred two hundred years ago, but the reason
because they were too busy striking the In
dams.
special dispatch to the Baltimore Ameri-
can states that the reduction in the rate of
drawback on exported sugar was made on the
advice of Collector Arthur, of New York, and
Collector Booth, of Baltimore. The Secre-
tary is much concerned over the stoppage of
exports caused by the reduction, and states
that it will be altered as soon as commission
of exporters can report on the matter.
In its real estate report, the New York
Herald of yesterday enumerates line of pro D.
erty, the old Aston estate, located on Four
teenth and Fifteenth streets, which sold on
Tuesday last for SAC, 800. This property was
valued at $50, 900, and ten years ago $l20, 900
was offered for it and refused
Boston book keeper, after doing two
mems work for some time in the hope of an
increase Of salary, wss go discouraged when
he found that his pay had been decreased,
that he skipped over the border lands of in
sanity ana disappeared The other day he
returned to his wife and children, but he an
swers questions IN an incoherent way. Moral
Do one mans work we'll, and give some other
poor man chance.
The New York Bulletin, of the 22d inst i,
gives full report of the seeding season in
Europe and the condition of the transatlantic
grain markets. In France, the weather is all
that could be desired for getting the seed into
the soil in good condition. From other coun-
tries, the reports are not 80 satisfactory, the
weather being stormy and ungenlal From
va hav Cd in hot <ha re
Roumania has been killed by frost, and, says
the report, "this portion of the crop may be
looked upon as lost" The maize crop of
Roumania averages about 50, 600, 900 bushels.
of which about one-fifth is usually exported.
The Secretary of the Chamber of. Life 10
surance at New York reports that during the
month of September, there were paid by
twenty-seven companies on policy claims,
ST, COL, 1853 20 in death losses, and $157, 633 So
in mutual endowments or q total Of 81, 758,-
1872 06. To ascertain the aggregate financial
worth of the parties thus insured, what their
average condition at death, Independent of
the insurance they held, would be an in
structive inquiry
Prof Jenney's latest reports Of the gold in
the Black Hills are the most reasonable and
credible assurances that have been received
of the precious metals in sufficient quantity
to pay for working in that much coveted ter
dition, he has made very careful mineral ex-
plorations and tested fully his discoveries
Gold in quantities that will pay from three to
five dollars per day is not an exhibit that will
satisfy these adventures who have dreamed
of it in such quantities that it could be
scooped from the earth by the painful, but it
probably hits the true state Of the
case more nearly than the stories that have
hitherto come to us. Professor Jenny's cor
1L4~ - xlok Al
Black Hills will support thousands of miners
when opened up by the Government should
not be taken as hint for forced settlement
of these rich lands. 1t is gratifying to hear
that new mineral deposits have been dis
covered, and quite as gratifying to learn that
timber is abundant, that the hills are adapted
to stock raising and the valleys to agriculture,
for these are the lasting sources of prosperity,
and white men will avail themselves thereof
at no distant day; but rights, even though
held by savages, must not be disregarded, and
treaties no matter with whom made, must
not first be broken by the Government
The Markets for Manchester Manu- ia ctures.
The Manchester markets, at last accounts
October . were looking rather more cheer
tul The holidays have now begun in both
Calcutta and Shanghai, and it was felt that
much incentive could not be looked for from
those markets for some time; but manufac-
turers were for the most part well under Or
der, and in position to hold their ground
without much active demand for some time.
From other foreign markets accounts were at
best Indifferent. Rather better news is re-
ported from Buenos Ayres and Valparaiso,
but Lima continues to be wholly disorganized
as far as commerce is concerned, and only a
very moderate demand is now reported for the
Mediterranean ports and the Levant.
[Galveston News.l
St. Louis is determined to go the whole fig
ure as q cotton mart. meeting of the mem
bers Of the st. Louis Cotton Exchange will be
held Saturday next, for the purpose of de-
Gliding upon the proposition to have daily sales
of "cotton futures at the Exchange. This
is the arrangement by which a man can sell or
buy great deal of cotton without the hand |
ling of any-an exciting game that answers to
fill up the time between the fall and spring |
races. The papers favor the adoption of this
feature in the St Louis cotton market with SO
much zeal that it is hard to think them not in |
earnest One of them, speaking Tor itself,
says:
1.-The Times has heretofore earnestly advo-
Gated the sale OF futures" here, believing it
to be of vital importance and fruitful of great
and everlasting advantages to our CONNER
cial prosperity. st. Louis Gamble made the
great central point of accumulation of an i'm
mense stock Of cotton for distribution to
domestic and foreign markets in the cotton
States. and offers the opportunity of selling
for future delivery rather than await the &C
tual delivery of the stock and risk the fuctu-
atoms that may occur in values during the
period of transit Planters, when there is a
prospect of large crop, can sell their grow
ing crops for future delivery. without risking |
lower prices as the season advances"
This goes ahead of Gen. Moseley Bakers old |
plan for bank in Texas, TO loan the planter |
as much money in the spring as his crop was
likely to be worth in the fall. II st. Louis |
capitalists desire that kind of business, they |
should send their surplus funds to the cotton |
States. They will find no trouble in obtain
ing takers for them. Even New York, in