The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-04-13
COMMERCIAL MATTERS.

street
COMMERCIAL MATTERS.
The Supreme Court OF Maasachuset's mas
decided that a savings cank Is nos iespon
m r-esentation of the book. even though the
sane DE presented by q thlei.
In pursuance of the new German Bank ACT,
the Prussian bank is withdrawing IT'S ten
4h.,a, notes alre dy, on account OF the nu- |
.narnus Qualifications to which they are sub
;ect and emits one thousand mark.notes.
Tie approximate amount OF lngot copper
nroduced in Michigan for the year 1910 was
IL 1873 tons, of an estimated value OF ''oao'-
$50, the average price OF lngot copper lor tne
wear being % cents per pound. there nave
been from 1915 to the present time 2o4,16l
tons copper (mincral) and 167, 1868 tons ingot,
Of the estimated value of $50, 500 OOO, during
which time there have been ll6 copper
mining companies started, which have levied
assessments amounting to SIS. 729.7OO
Recovery Of Merchandise.
In the New York Court of Common Pleas
Tuesday,. lanes Graham and Samuel Martin
brcu.ht suit against John Fitzgerald, to re-
cover possession of ninety bags OF rice, valued
at $780, which the plaintiffs, who were Phil
adelphia merchants, claimed were unlawfully
bags we're part of cargo purchased in Sep
tenber, 1867, the rice at the time being in the
defendants mill fir cleaning, and he claiming
a lien on it for Sl553. It was shown by the
plaintiff, tlat their purchase was made on a
credit of twenty days, aud that they gave
proper notice to the defendant. The jury
rendered verdict for $500 in favor OF the
plaintiffs.
Railway Legislation.
Of late there have been all manner OF new
laws and amendments to laws passed by va
rious State Legislatures for the regulation OF
railway tariffs, and the end is not yet. Tbs
latest performance of this kind comes from
Virginia in the shape OF amendments to la VS.
of 1873 requiring transportation companies
Of ali kinds operated in that State to discrim-
mate rates on both freight and passenger
traffic in such manner as to have the charges
Der mile within the State uniform. whether
the distanced travelled is one mile or the en-
tire line of road.
The bill further enacts that such company
or other common carrier shall not allow
through tickets or through baggage checks to
be issued over its line by any company. trans
portation line, or agents. not Incorporated by
the Safe, which company or line shall refuse
or inhibit by any means any other such com
soany or transportation line incorporated by
the State the privilege of issuing by its own
local agents and such agents or agencies as it
may establish in any city or elsewhere through
tickets and baggage checks over such com
panys road or transportation line not incor-
pora.ed by the State.
The French Fisheries.
Two million francs are annually expended
on the French coast fisheries, and the sum
expended in this branch of trade will not be
thought excessive when it is remembered that
there are 1900 boats employed on the sar-
dine fisheries of Brittany. Brittany alone ex-
ports annually 10 DOC, 900 boxes OF sardine5,
though many of these little fish are really
Young smells and behring's. Between 500 and
600 vessels, amounting to 81, 900 tons, and
manned by 1900 men, are employed on the
French cod fisheries, and the weight OF fish
is calculated at about &C, 900, 900 kilogrammes,
and the yalae from sixteen to eighteen million
francs A large number of fishing boats last
month left the French ports for the fi>heries
rouul Ireland and Newfoundland. Dieppe,
Fecamp, Granville and Dunkerque furnish
the greater proportion of them. Among the
imports Into France from Newfoundland is
an Immense quantity OF cod eggs. which are
pickles. and used as ground bait for the sar
dimes.
Western Grain Speculation.
New York Bulletin, 10th inst.
The bears in wheat seem to have had their
day Tor the present, and are now undergoing
such u squeeze in the West, especially at
Chicago, by the bulls, as is likely to press
IRON their pockets the large profits made in
the first half of the season BY bearing the
market. Corn and oats have the same up
ward tendency, although there is not such a
heavy short interest in these staples as to
render the bears at all panicky, as they evil
IDENTIFY are in wheat which has gone up
nearly 1Oc in Chicago l5c in Toledo, and 18c
in st. Louis in the past few days, or &c in
Chicago since Monday OF this week.
Nor is this ALL the bulls have shown re-
newed strength and activity in the market for
though they have held control of these since
the opening Of the season, the last upward
move has been almost rs sharp as that in
wheat. There is, singularly enough, not q
staple Of our agricultural products in which
there is ever any speculation that is not on the
upward turn in values. Indeed, the race of
beans among American operators bids fair to
become extinct at the rate they have suffered
for the past few months. To-day they stand
in Chicago apparently helpless, neither dar-
ing to go further or retreat from the bad fix
into which they have put themselves.
To go still further short is almost certain
ruin, while to anticipate their contracts and
cover is almost as bad, and SO they are com
PEELED to put up their margins and await de-
veIopments. Of course good many failures
have already occurred. but none of import
alce sufficient to affect the market or dampen
the courage and confidence Of the bulls. as
their chief antagonits are by no means weak.
being we'll reinforced by the enormous profits
made on the bear side of wheat from early
last fall up to January Of this year. Accom-
panying this state Of affairs are more or less
exaggerated reports Of very poor prospects Of
the crop Of winter wheat, in some sections it
being frozen and in others ''smothered,"
and III others none at all.
Now. if one will stop to take rational
view of the case it will be apparent that much
Of this must be incorrect, and the Chicago
bears, therefore, show wisdom in remaining
quiet 10 abide the result, for such rapidly
forced movement must sooner or later have
reaction. which will commence as soon as
there is a general desire to realize the profits
of the advance. The wheat market may be,