The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-21
COMMERCIAL MATTERS, Etc.

On an Arkansas plantation recently, sixty
three bolls were picked from one stalk OF co.
ton. The cotton, when picked out, weighed
q half pound, or an estimated yield OF two
bales per acre.
The mammoth hotel to be built at st. Louis
by Boston capitalists, will be twelve stories
300 feet square, 40 feet high, and will CON
tain 1000 rooms, accommodating $500
dodgers.
A long drought in Florida threatens serious
injury to the crops.
Activity in Trade ut Charleston.
The efforts of the Charleston merchants
during the past few years, with a view to
restore to that port its former commercial
importance, we are glad to be assured, are
not without favorable results. The piers
along the Cooper River at present are present.
ing an usually busy scene. The new wharves,
and the old ones which have recently been
repaired, are flnked with vessels of almost
all nationalities. The increase in the number
of vessels for foreign trade is one OF the
most noticeable features of this commercial
revival. General business prospects there
are Frightening, and at this moment the in
dications, we are assured, are such as to war
rant anticipations of larger trade this year
than any other since the war
The Unifcaiion Of the German Gu rency
Economist writes, under date OF September %:
"The telegraph Informs us to-day, that, as
was to be expected, the Reichsduzeiger yester-
day published an Imperial order, by which
the Imperial standard is to be introduced all
over the German Empire on the 1st of Janu-
airy, 1876. AS nothing with regard to the
withdrawal of the old silver thalers is men,
toned in this order, we may suppose that
what is meant by it, is the text OF the Coinage
Law.
The contradiction contained in section
and section 49, which I have already men,
toned, would in this case remain as it is.
Section l introduces a pure gold standard
into Germany, while section Is allows the
old silver one and two thaler pieces to circu-
late at their full value of marks per thaler.
In one of my last letters | directed your
readers attention to section 8, by which no
one is obliged to accept more than 20 marks
worth in Imperial silver coins, whilst the
government will publish list of Offices which
will be obliged to exchange Imperial silver
coins for gold pieces up to the amount Of at
least 200 marks. Now, according to section
Is, the old thalers are to be considered equal
to any coin Of the Empire, even to gold,
so that the government can, by holding
strictly to the text of the law, consider the
old thalers as gold, and refuse to apply to
them the prescriptions contained in section
8. This subtlety had escaped me up to
the present moment as l suppose it has es-
capped most persons interested in the question.
Therefore, up to the day on which the silver
thalers are put out of circulation, any guam
tity Of them can be paid by the government
or private individuals, which may not be re-
fused. This circumstance lessons the danger
in which the government was Of being over
run by applications to exchange the old
fha1a fnr hoip cd for
the withdrawal of them. The danger of gold
being exported out of the country is, how
ever, not done away with; it is, on the con-
trary, as menacing as ever. The business of
coming must, therefore be carried on with
still as much vigor as possible.
n The Cotton Goods Interest.
n. Y. Herald
But, what is of more Importance, the bust
ness of making cotton goods has not increased
in proportion 10 the increase of our popula-
ton In 1871 we had probably 10000, 900 of
people, and we had then 10000. 900 of spin
dies Since then the spindles have not in
creased at the rate at which our population
has increased; and looking only to home de-
mand the factories are behind the population.
In addition to this home demand, however,
our foreign trade is slowly but steadily re-
viving, and the necessities of the factories in
the present dull times are inducing them to
do what they have too long neglected, use
some effort to secure foreign market for
part of their product.
But while the prospect in the future is thus
sufficiently bright to induce shrewd men to
build new mills even now, in time of very
great depression, because they know that the
good times must presently come, and they
desire to be ready, just now it remains true
that the greater number Of the cotton mills
- knhr l. Il
situated or have INSULT Gent capital, are like
ly to perish, and great many would stop
work to-day if to stop work were not very
costly thing to mill owner.
This brings me To the case of the Fall River
mills The trouble there is not that the pro- |
duct can not be sold if higher wages are paid, |
but that it can not be sold at all in the quan- |
titles in which it is made. If it were not for
the serious loss which manufacturer suffers
by letting his machinery stand idle, there is
little doubt that the Fall River mill owners
would stop for six m onths, and would be wiss |
in doing SO. This is fact which is left out |
by those who speak harshly of the mill |
owners. 1t seems to be thought that because |
= mill is kept going therefore the owners find
Il profitable; and the Fall River operatives
app ear to havs been moved to their rike, or
. vacation" as they call it, partly by this oe-
lief. It should be understood that the Fall |
River mills made about two thirds of the print
,loths made in this country.
This branch of the business has been very
profitable, and the demand for this product
remained good for some time after the market
or other cotton goods became very dull.
Hence the Fall river mills not only remained
busy, butAthe operatives there actually re-
,eived, up tosIhe time of their strike, higher
wages thsn we've paid in most other parts of
New England. Xhis is so true that the wages
,aid IN Fall Riverat this time-the reduced
| mean-are equal to the wages which
VI Re and are paid ia Rhode Island and in
Aher parts Of Massachusetts,. That is to say,
utter having failed in their strike, the Fall
River operatives still receive as much as the
operatives elsewhere. This was a surprise to
ne, for had been led to imagine tina. they (
we're forced to take less.
But, if there sno demand for the product.
rhy do the mill owners not stop? Because,
n the first place, machinery deteriorates ,
eriously if it is not used; because, if mill is
topped. it has still to be kept heated, as
hOuOh pQODie wera az tha