The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-05-29
COMMERCIAL MATTERS.

COMMERCIAL MATTERS.
The steamboat Bart Able, which arrived
here on Thursday evening from Ked hIvel,
brought q consignment of SO bales OF nay lon
Mr.. Jules Levin, of Alexandra. Mr.. LEVIN,
we understand, is man of public sPirt, aao
proposes to make the shipment OF nay !" VIC
New Orleans market success.
In New York the speculation IN railway
stocks and In securities Of all kinds seems TO
have eliminated. Capitalists have no conf
dence in the management of the rallways' ano'
= for best railway mortgages, ana even gov.
eminent bonds, they are already 80 nlgu tnat
fhere IL AZ much disposition to realize as
there IL TO invest. At the present prices 1oi
government bonds the national BANKS VIII
continue to surrender circulation IN oroer 10
sell their bonds. n.
oath gives 4 prominent place in an editorial
on the increased desire of capitalists TO nnd
some EMPLOYMENT far their money, and re-
csrds il IS 3 hopeful sign that capitalists have
lately begun to investigate great many IN
vestments which have heretofore been en-
t;raIv neglected since the panic. The Buue-
tin saws there is evidently an increased
disposition to lend, and also to invest, and
that though it has not resulted in much YET
it is indicative of a movement OF capital to
begin soon. -,
Washington advices report that four-fifth
of the whisky recently ibeled is proving IL
licit The bondsmen of fifteen eaugers have
been sued, and additional victims are being
steadily added to the list Some seizures OF
crooked whisky in the hands of dealers, sup
posed to be honest, have been made, which
is, Of course, confiscated.
Tho Business situat'on.
New York Price Current.
m = AL hat so
business 6tuation. The spring season is rap
idly drawing to a close, and, whatever may
be the explanation, it has disappointed the
hopes and expectations Of the mercantile and
trading classes. The volume Of trade has
been comparatively light, and for the most
part unremunerative, the season having been
marked by pretty general shrinkage IN val
mes, where they have not been sustained oy
speculation or smallness of stocks. Inc
banks have been, and still are, fuii OF idie
paper money that could not be loaned out ex-
cept at extreme low rates of interest The
railroads have been carrying freight and pas
sengers at rates that can scarcely be called
remunerative and the construction OF new
roads has been pretty much abandoned.
Manufacturing in general has been bust
ness of very little profit, or none at all
Much shipping has been idle, and freights
have been low for what was employed.
Building has not been active, and the number
of unrented stores and dwellings in this and
there has been decided decline in rents and
prices All over the country there has been rigid
economy in personal and other expenditures,
such as has not been observed for many
wears. Disguise the facts as we may, the
tendencies ascribable TO the panic which were
seen at the beginning of last year still con-
tinue But while the business depression in
the United States has been protracted and
severe, it is we'll to remember that it has beer
only little less marked on other leading
countries. England, France and Germany
have been similarly afflicted
The only difference is, those countries have
sustained decline IN prices, in some cases 6
heavy one, without distinct crisis or panic
by which the United States was overtaken in
1873. and from the effects of which the trade
and industries have not yet fully recovered
Unpleasant as has been the situation during
the past two years, it has certainly been yer.
natural, necessary and healthy one. It is {
sure preliminary to revived trade and pros
perity. It is the only means afforded TO
bringing down prices to the point where con
sumers can really live within their means
and where the actual wealth of the countr.
can be increased. But the situation mus
continue until prices have come to level
This they have not done. Some articles ar
far too cheap to-day. Others have thus ia
obstinately refused to come down in price
It is for these trade is waiting.
The first goods to feel the pressure from
above are those which are manufactured il
large quantities, and which are liable to b
produced in excess. The mills stop, opera
tves are discharged, and yet the supply
not used up because of the enforced econo
my. Then the prices come down. Trades
men are obliged to mark down other goods
but the reduction attracts few buyers. It
reasonable that when it is proposed to in
crease the production again, wages shout
come down also. The thing to be regrette
about the business situation is that there
mot wisdom and frmness enough in the go,
eminent to restore the cure ncy to metalli
basis, that trade when it does revive Nigh
have better foundation.
The New York Cotton Market.
IN Y buletiu, 25th inst
The general condiuon OF the market ha
been somewhat slow, and apparently unsatis
factory to both buyer and seller. The move
ment of actual stock has been moderate an
uncertain, and in speculative way it we
seldom possible to infuse any vitality int
business. while the fluctuations have been to
SLIGHT to admit of much chance for prof
Disappointment in the kilograms receive
from abroad has no doubt checked operator
TO q great extent, both in spots and contract
but the indisposiion to invest freely at ruin
rates continues marked feature, which wi
evidently require q decided stimulus TO owe
come.
The indications, to be sure, at times seen
to show that values are pretty nearly dewn
an export level, aud indeed great many
the trade claim to be in momentary expects
ton OF a sudden development OF brisk d.
mand on foreign account, but the realizauo
md NOT thu hono IF incr00a0d OutWar
movement is what the majority of operator
desire to see. and until this does come. 1t WI
be probably difficult matter to restore col
fdence. The outlook on home account, to-
instead of growing better, offer even less er
couragement than heretofore, the mills
several cases being stopped, by strikes Of tn
workmen. spinners generally complaining