The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-03
COMMERCIAL MATTERS, Etc.

Rio de Janeiro has been discontinued the ar
rival of the South America last week, with
10000 bags of coffee completing the lsst trip.
Reason-refusal of the government to con-
tinue subsidy.
Chicago claims, not unjustly, that it is the
largest grain market in the world. 1t handles
about 80, 900, 900 bushels Of wheat annually,
and has now in operation eighteen steam ele-
vators, with capacity of Is, $50, 900 bushels,
or more than the average product of l., 900, 0O0
acres of fertile wheat-producing lands of this
continent.
The cranberry crop of this year, which is
said to be of good quality, is estimated at
100000 bushels, against an average of about
275, 600, thus showing slight falling eff in
quantity. Of The present crop, Cape Cod
and New England produce $4,000 bushels,
New Jersey 80 600, New York 5000 and the
Northwestern States 10000.
Estimating approximately the amount lost
by British investors in Turkish loans, the
London Times says: adding all together. it
seems probabls that something like 93, 500, 900
will represent approximately what has come
every year to England from Turkey as interest
only. If the half of this is now to be lost,
the incomes of large section of the English
public will have been diminished by 81, $780,
600 say at least el, 100000"
The manufacture of barrel of petroleum
AutO AAtu ga, says tuo dUuTuCuo HeCOTu,
can be accomplished at less cost than into
TT fined oil. Numerous works for this pur-
pose are now in operation and moro are being
erected, while the cheappess with which they
can be built and operated puts gas works and
the advantage of good and cheap gas light
within the reach of the smallest communities,
instead of confioipg it to the cities, as is and
must be the case with coal gas.
One of the proprietors of the alpaca factory
in Chautauqua county, N. Y, having baen
presented with fine pair of Angora goats
attempting the remarkable feat OF taking the
fleece tom their back and making fashion
able dress Of the wool within twenty-four
hours. Operations were begun at sunrise,
and early in tbs forenoon the goods were
ready for the dressmakers. Four ladies then
made the dress complete in every particular,
and ready for wearing by sundo.n.
Liverpool Cotton Report.
From Mes-rs. w. G. Watts & Co. s Cotton
Report, dated Liverpool, Oct. 18th, we take
the following
The Position, etc.-A fortnight ago Mid
ding Uplands was sold On the spot here
as low as 65d, and such was the depress ion
that many looked for further decline of Ia
to "a per pound. The improvement com-
menced in the American markets and was
due to unfavorable crop accounts, which in
y,
of prices, to cover their short contracts This
market promptly responded to ths advance
on that side. On Monday, Tuesday and
Wednesday last the excl ement here was
somewhat incre .sed by repor ed damage 10
the crop from frost. It is generally admitted
that the crop this year in the Northern cotton
belt is some two or tire weeks later than last
year, and hence it is believed an early severe
frost would do a great deal of damage.
The reaction here within the past two
days-future shipments have declined ID per
IBIS due in some measure to the impression
that the dam ge to the American crop from
recent storms, frcs s, etc, has been exagger
ated, and the public are all the more inclined
to take this view of the m ltter because of the
continued very large recei yts at the American
ports. The reac ion, however, is mainly
traceable to the fact that many parties who
bought cotton to arrive at the low prices cur
rent two weeks ago, have been free sellers IN
order to secure profit BIT the decline here
within the past two days for "arrivals has
been twice as great as on fixtures at New
York, which is likely to shut off orders to
sell, in fact COM aratively few such orders, so
far as we can learn, have been received here
within the past fortnight.
The October report OF the Agricultural Bu-
reau at Washington is now about due here,
and is looked for with much interest Should
the condition of the crop be SO unfavorable
as to indicate yield of four million bales or
less, it will have strengthening influence on
our market, for public opinion seems set
thing down TO the conclusion that consump-
ton, both in America and in e lrope, will be
somewhat larger this season than last, and
that at least tour millions will be required
from America, in addition to average supplies
from other sources.
From India, our latest mail advices in re-
ference to the growing crop are rather more
favorable, but these reports have no very
marked infue on our market.
From Egypt crop reports have recently
been somewhat conflicting, but the crop is
undoubtedly very late one, fully two or
three weeks later than usual, and this rem
ders it all the more liable to damage from the
fogs of October and November. The receipts
at Alexandria for the past week have amount |
ed to only $4,000 cantars, against 60, 600 and
80, 600 respectively same week last year and
the year before
The Bank of England rate Of discount was
yesterday advanced from d per cent, at
which it was fixed on the It'll inst, to 81 per |
cent. This sudden advance of l per cent has
had slightly depressing influence. Had it |
been due to legitimate expansion Of trade it |
would be favorable indication, and fur her
ad vance of to u per cent would probably |
ment determine the advance has been due to
Withdrawals Of gold from the bank for export
to Germany and Holland, and to the panic in
Turkish ana Egyptian bonds--growipg cut OF
the virtual reputation of a large proportion
of the external debt of Turkey-which is in
fact the heaviest blow the stock exchanges OF
Europe have received for many years past
1t is, however, not improbable that the
enormous losses sustained within the past
year on various Government and Railroad
bonds will cause the capital of this country
to be concentrated more largely than for years
past in home industrial enterprises. 1t may
also have the effect of reviving speculation
in actual produce, and cotton being very low
in price, not of perishable nature, and very
readily sold may, and perhaps will, attract
good deal of outside capital 10 fact, we have
observed some evidence of this within the
past two or three weeks
The stock of cotton held by English spin
ners we now estimate at 81, 900 bales, against
149, 600 last year and 2O3, 900 the year before.