The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-03-20

|
price, and has sold fairly within few days.
Sugar has ruled about steady at 7a(1Sc TO,
fair to good refining, at which pretty good
business has been done with refiners. There
have been no really new points in the market
beyond this-that the tone has not been SO
firm latterly, although no quotable change in
prices has taken place. Refined has sold
moderately at easier prices.
Molasses has been very firm for foreign.
especially for good refining grade, Of which
there has been cargo sold at 4lc on the basis
of 30 test, or an advance of &c within a
week; the arrivals OF refining grades though
lat;eily larger at one time were very small
and that coming in going to retiners direct
The market closes quite steady. A fair job
| bln9 business has been done at 45(a55c for
Porto Rico; 4o0oOc for Demerara; and 45c
for Barbadoes. New Orleans at Goa roe has
sold fairly in q small way, the higher figure
beng tor choice, though some fancy grades,
o. winch there IS very little here, have lat
terly been quoted as high as &c
lea has been in rather more demand for in
voices, and moderate business in green has
been done, with the tone of the market lit
tie more steady; some sales OF Japan and
Oolong have been made, but holders Of those
descriptions, as well as ofgreen, have gener-
ally refused to accept the bids of buyers, and
| considerable business, which might have been
| transacted as concession, was thus checked
| There is not now, however, that wide differ
ence IN their respective views as regards
proper prices that was noticeable a week or
two ago. when they were from &c to lOc apart;
now holders prices average only about &c
above those Of buyers. A moderate line trade
been done at the late decline in prices
In the spice market the changes have been
a decline in cloves to 3Sa1 Toe gold, and de-
cline in nutmegs to SlG1l or; otherwise no
marked var alton from late quotations. Pep
| per has been dull and weak at 1SGGlS5c gold
for Singapore in small lots; the market in
Singapore has declined TO SO and in London
to sgd; cassa has sold moderately in small
| lots, as also has pimento, at steady prices
| The business at present is confined to small
| lots; invoices have been dull.
Rice has sold to only small extent, wheth-
er Of Carolina, Louisiana, Rangoon or patna,
prices have remained without quotable
change, with the exception of bonded Ran
COON, which owing to an advance in gold has
sold at decline. as low rs 23c gold being ac-
| cepted The late winter, and the continued
| interruption Of transportation in the West, by
the bad condition OF the 70 ds, has an unta-
vorable effect on the rice business, as well as
| on numerous Others.
Foreign dried fruits have been generally
| unchanged, but there have been some tluctu-
huOuS Layer TdlSluS ~ - SUtHl- - lff
| whole boxes, 81 - for halt boxes AID G:IG, zoe
for quarter boxes, have sold moderately in
| small lots, as well as Valencia AT lf0llic,
and London layer at 81 SOAP 30: entrants at
| Gle, have met with a fair demand, also
| have prunes at 7$GT9lc for Servii and b o,na
Turkish, and 1OG, I3c for French. as to size.
Almonds have been dull az Ia 2Gc Tor l. III
guedoc, 2Dc for Ivica, AID SIC tor Tarragona.
Other descriptions have sold to small extent
at late prices. Tapioca las been quoted at
GIGI7c, as to quality.
Smgnrs 10 be Uniformly Graded.
\ Washington dispatch Of the It'll instant
says: Especial Agents Iteesinger, KinselIa
and Fox, who have been investigating the
grading of sugars at New York, Baltim re
ard Boston, have finished their work al those
ports For some years there have been con
slant complaints that sugars have been graded
differently at different ports, not from any in
tenti0n to deprive the Government of its
proper revenues on sugar, but from a variation
in the construction Of the law. An investiga-
ton was ordered, as has before been reported,
in order to see whether the complaint that
sugars were graded lower in Baltimore than
elsewhere was well founded.
The result Of the visit OF the special agents
to the sugar ports has been the agreement
upon a uniform basis of grading. The prin-
cipal difference Of grade at the different ports
was discovered in centrifugal sugars, which
have yellow color, while the Dutch stand
ards used by the government for comparison
are gray. Here was great room for difference
Of opinion. This, however will in future be
remedied, and the much needed uniformity
at all ports be reached. The officers at the
sugar ports conceded with the special agents
in their views. The saving to the revenues
nv tho imnroya1 Syctarp will cavero1 ~aooh
million dollars annually.
The Tax Distilled Spirits.
Commissioner Douglas has issued circular
letter to Supervisors and Collectors Of Internal
Revenue, urging increased vigilance in col
Letting the increased tax He says: 1.-The re-
cent advance in the rate of taxation on dis
titled spirits will be an additional incentive
to frauds, and must be met by an adequate
increase Of vigilance on the part of officers
intrusted with the collection Of the revenue.
In response to inquiries of members of Con-
gress when the matter was under considera-
ton, the Commissioner stated that in his
opinion this tax could be collected.
This opinion was based on the commits
sioners faith in the ability, energy and in
tegrity Of his assistants throughout the
country. He therefore calls upon you now
most earnestly not to disappoint his hopes
ana the expectations OF the country tnat the
increase OF the revenues will correspond with
the increase Of the tax To this end the COM
missioner asks your most careful scrutiny
into the character and conduct of the officers
placed directly in charge of distillerles, with
out whose connivance or inetficency it would |
seem that frauds could not long be continued. |
If at any time you have reason to believe
that the best interests of the service demand /
removals, you will not hesitate to advise |
them.
Dissatisfaction with The Action Of Internal
Revenue Agents.
The action of the Internal Revenue authori-
ties in attempting to apply a system of inqui-
sition to the banks of the country, to learn If
the law had been evaded by failure to see
that all vouchers retained bore the triting
revenue stamp, has excited dissatisfaction
among business men, The following letter
has been forwarded to the Treasury Depart