The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-07
AUCTION SALES THIS DAY.
q. II. e. B. J. Montgomery sell Household Furn'-
ture Carpets, Mirrors, Mattresses, etc., at IL D.
NJ, at 81 Camp street.
COMMERCIAL MATTERS, Etc.

COMMERCIAL MATTERS, Etc.
The trustees of the Boston Five Cents
Savings Bank have voted to reduce the rate
of interest paid to depositors from per cent
to per cent after the next semi-annual divi-
-dend day, the I'd of October.
Business in New York.
The Commercial advertiser of the LIST says, in
its money article: We regret 10 notice that
the very low rates for money on call loans
continue in Wall street and at the bank, de-
noting slow return of confidence in the
direction of new undertakings, or Of recovery
in real estate, manufacturing property etc
AT the same time there is compensation for
this depression in the healthier and some
what growing current Of business in trade
circles.
There is more doing among the importers,
Iobbers and domestic commission people than
this time last year, encouraged by the enor-
mous yield of the new crops in every direc-
tion-South and West-of cotton, tobacco,
wheat, corn, oats, hay, etc. The merchants
known to be free Of all old complications
growing out of the panic two years ago or
losses since have no difficulty in getting all
the money needful in the conduct of the fall
trade, and are thus able to extend fair credits
TO country buyers.
The Silver Resumption Scheme.
Notwithstanding the acknowledged improb-
ability that silver coin can be Kept IN clrcua-
sion in this country willis gold is above 108,
preparations are being steadily made to try
the experiment.
The act of Jan. IA, 1876 to provide for
the resumption of specie payments. author
ICES and requires the Secretary of the Treas
ury, as rapidly as practicable, to cause to be
coined at the minis OF the United States
silver coins of the denominations of 10, %
and so cents, and to issue them in redemp
y ton of an equal number and amount of frac-
tional currency of similar denominations.
Dr. Linderman, Director Of the Mint Bureau,
is now engaged in perfecting measures for
the coinage of such pieces to enable the
Secretary to carry out the law.
The total amount of fractional currency
shown by the books of the Treasury Depart.
ment to be now in circulation is $40, 1885, SIS,
and it is estimated of this amount over $12,-
100000 is in ten-cent notes, 81, 500, 900 in if
,teen-cent notes, 100000 in ivecent notes,
= $40. 000, 900 in twenty-five cent notes. and
SIS, 900 600 in fifty-cent notes. Hence it will
require 100000, 600 dimes to retire the frac-
tional currency notes of that denomination,
and With the present operations of the minis
two years will be required to coin them alone,
unless the coinage OF all other pieces be sus-
pended, and the whole force assigned to work
upon them Forty million twenty-five cent
pieces will be required to replace the twenty
,fve-cent notes, and 30 900 OO0 half dollars to
replace the fifty-cent notes.
It is believed, however, that at least $8, 000,-
900 of the fractional currency has long since
been worn out while in circulation, and will
never be presented for redemption. At the
Philadelphia Mint the principal work is on
small silver coin, but at the San Francisco
and Carson City MINIS gold coinage is being
forwarded as rapidly as possible, on account
- mt p,aif
coast.
The German Money Market
has become most peculiar. Accounts from
Berlin speak of the extraordinary tightness OF
money there. The minimum in the discount
market has advanced to per cent, or quite
up to the bank rate of discount, and the with
.drawal of bullion from the Bank of Prussia
has been on such scale as to raise the ex-
pectation that the bank rate of discount is to
be advanced. Germany is carrying through
great transformation in her money system,
and this tightness is the price paid In ad-
,dition to substituting uniform gold standard
for the varying silver standards which former
~ existed, an alteration which will come into
operation on New Years Day next, and uni
form system of token money, the government
has simultaneously altered the whole of the
currency and banking legislation 1t is the
foregoing changes the pinch of which is now
felt-London Times, 28th uh
Fruit Culture in Louisiana and California.
The culture of the orange in Louisiana has
of late years been largely increased, with re-
suits that have proved highly remunerative
From all the parishes the prospects this sea-
son are favorable, and with continued warm
weather, it is stated that the supply will be
more abundant than during any previous
year. The largest groves are IN Plaquemines
parish and lower Lafourche; one of the latter
-
bearing. Small orchards are found in all low
er Louisiana, but one planter (Dr. Card was
tempted to plant extensively by Witnessing
the wonderful growth and productiveness OF
the trees on the lower Lsfourche. He has
one tree larger in circumference by eight
inches than -four barrel. This Tree is over
forty feet high, and it is now sixty years old.
Its fruit will sell now. to be gathered when
ripe, for fully $780, For several years past it
has produced an income of $50 to SIS year.
A single tree in Cameron parish produced
last year 5000 marketable oranges, which
brought $50 gold.
The growing favor Of California pears in
the Eastern markets has placed that trade
among the most remunerative of California,
in proportion to the capital invested. From
San jose alone the shipments this season will
foot up some S00 tons, on which the freight
will amount to $4,000, the price being $3.50
per car. The greater portion of the business
this season is done through single firm, who
early in the spring contracted for the fruit Of
nearly all the orchards in the State, and with
&heir extensive and perfected packing facili-
ties, placed the choicest fruit in this market
without scarcely any damage by transporta-
zion. Each train leaving San Francisco for
the East takes two cars filled with
the choicest fruit. The cars are consigned to
agents in Chicago, st. Louis, New Orleans,
louisville, Cincinnati. Pittsburg, Washing
ton, Baltimore, Philadelphia, New York and
Boston, and from there the fruit is distributed
in smaller lots. The pears are put up for
shipment in Yuba and Santa Clara counties,
aud in packing them the greatest care is taken.
Each pear is examined, and if found specked
= or bruised in the least, rejected. Those not
rejected are wrapped in paper and then packed
y in boxes, and the boxes packed in a car espe-
cially contrived for the carrying of fruit. The
cars carrying this immense quantity of fruit
stipulate to make the trip on passenger time,
and IL is exn acted that the last shinment will