The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-02
COMMERCIAL MATTERS, Etc.

y de6icated with imposing ceremonies few
DAYS ago. cost So 271 i 81, and covers an
81 area Of 80 49, square feet. TIE Baliimoreans
III boast that there was not particle of jobbery
or stealing during the entire period of con-
ii structicn, and that no scandal OF any kind
can be breathed upon the building committee.
III This is one of the remarkable facts Of the CEN
Il fury.
I'll The resolutions of censure passed by the
y New York Produce Exchange upon the sus-
u pended firm of Archibald Baxter Il Co be-
cause of their accepting contracts after they
Il knew they were insolvent, are exciting much
remark among the merchants of that city.
The prevailiny opinion seems to be that there
I is urgent need just now for just such express
slons from all the grea. commercial ex-
changes, in order to secure among US higher
q standard of commercial morality. And COM
& ing as it does, simultaneously with the deter
q mination of the Stock Exchange to compel
n railway companies to give the community
6 periodical sta ements of their actual financial
y condition, the fact is accepted as evidence
that wholesome public opinion is beginning
to make itself felt in quarters where, hereto
fore, it has been but little regarded.
Chicago Grain Speculative Contracts.
Some parties who are "long" on some ar
& ticles dealt in on the Board of Trade at Chi
cago, are advocating the position that the
"longs" can refuse TO accept high-prlced
property on contracts, and they would only
be liable for damages under the rules Of the
Board. For instance, A sells b 100, 900 bush
els of wheat, seller October, at 81 %; the
D market declines to ST. 05, and the New York
n market follows suit; VIII sn A tenders the prop
A erty refuses to receive If, and calls q COM
i mittes to establish settlement price. 1t Is
stated that parties on the short side some
A times sell cash property to advantage which
y they had reserved for their contracts, and for
4 felt the latter, a committee establishing the
A damages on prices based on the shipping de-
i mand.-Nep York Bulletin.
suga Cured Hams Becoming Luxuries.
Louisville pork-packing firm writing to q
gentleman engaged in the same line IN st.
Louis, say: taa
1.-THE cure Of hams has not been profitable
for the last two years and unless some change
takes place in the relative value of cuts We do
not see how curers can continue the business
unless the consumption increase or new out
lets are found for export. With the spirit Of
the times tending to greater economy IN
living, there must result a diminished con-
sumption Of all those things looked upon as
Injuries, and to great extent sugar-cured
ham, with good margin Of profit IN it, is a
luxury to a large proportion OF the popula-
tion that has heretofore consumed them.
Their value is not relatively like that of other
parts of the hog, but depends much on the
prosperity of q certain element OF population
which for two years past has not been In
prosperous condition. We have, therefore,
taken the ground that hams must be boug1t
at relatively lower prices than heretofoe else
we had better let them alone"
PORK Pucking-Are Hogs TO be Held Back
The Chicago Tribune, with reference to pork
packing, tells us !: Some packers are now
at work, but slowly, and only to fill current
orders they do not think it safe to operate
and depend on the future to sell at profit
1t now looks as if hogs will be kept back
vigorously till toward December, partly be-
cause there is plenty Of corn with which to
feed them up and lartly because drovers
hope to be able to repeat former experiences
aud keep up prices by..a Judlclous serving Out
of few less than are wanted.
Tho understanding that the hog crop is
numerically 100l5 per cent short Of that OF
last winter vii. probably do much to keep up
prices, but if they are held back the total
weight may not exhibit much If any shortage
as the a,s,mlls will be better fatted for mar
ket The present feeling is very nervous and
uncertain, and many workers are now idle
who would be busy if packers felt warranted
in going ahead. OF course, with the present
small supply of hogs, prices would rise to a
much higher point than now If the packers
should try to buy freely.
Uncle Sans Pocket.
1t transpires that Uncle Sam is less wealthy
than his several nephews have been led to be-
leve through the false reports OF various IN
faithful stewards. Treasurer New shows that
the amount of cash in hand, as shown oy the
July statement. is S765, 96S 80 in excess of the
real balance, and that the deficit arose as Is
explained ia the following extract from an
exchange:
The report Of United States Treasurer
New, synopsis of which Was printed In to-
DAYS paper, creates good deal OF favorable
comment, and is susceptible in some respects
of an intert sting explanation. 1t shows first
deficiency in the bullion account OF the
San Francisco mint prior to 1869 OF S4l9,-
246 81 which should be deducted hs says,
from tie cash balance Of the treasury.
Another unavailable item, which he also de-
duets from the balances is 1894, 949 "a. TIE
greater part of this amount was obtained
from the Treasury through Secretary Rich
ardson by Jay Cooke Co., TO replenish the
empty vaults of the FIRST National Bank OF
this city, of which Henry D. Cooke was Presl-
dent, and which short time thereafter failed.
Secretary Richardson was very much irish.-
ened at The time, and implored the Cookies to
come to his relief. The London firm did SO,
and ex. Secretary McCulioch handed to Rich
a,dson 500. 600 Of the Union Pacihc and
Central Pacific Railroad bonds, which were
deprecated then on account OF the panic,
but which are now above par. The security
required by law did not cover the balance OF
S94 600, and the Government is loser. As
the railroad bonds have not been Sold the
Treasurer deducts the whole sum, which,
with other items, makes a total loss OF $3.50,
966 80 that should be deducted in the cash
balances given in the debt statement OF The
United States Treasury on July last.
Cotton Culture the Pacific cast.
IN Y. Bulletin.l
From lecture recently delivered before
the San Francisco University, we derive some
facts of importance bearing on the advantages
of certain districts of California for producing
cotton. These districts embrace the bottom
lands near the MERGED River-without irnga-
ton; on the level uplauds twelve miles from
Kings River-with irrigation from that
stream near Centerville, partly on bottom