The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-18

Bank Of France ....... 3 4 100 600 5000 OF
Bank OF Prussit. ..... 5D,000e00 5000, 900
Bank OF Aus ria. 90, 900 900 II 00U, 900
Bank OF Belgium. "a 600, 90 $4,000 900
Bank OF Hamburg 100000 6U0O, 900
Total. ............ s7O5, 900 90 s545 0OO, 900
Thus, there has been an increase of sl6O 600, 900
IN the amount Ut specie in the great banks Of
Europe within the last two years. Concurrently
with this, there has been, as we showed the
1st instant an immense addition to the coin IN
active circulation in France. Thus there
plain evidences that the European stock OF the
precious metals available for banking purposes
has been very materially incr ased wi hin late
years. 1t lie to be noted also that there has been
no simultaneous decrease in the paper cir ulation
OF Europe. On the contrary, large portion OF
the issues put out by the Bank of Fran % during
the War still remains outstanding, leaving 40
much of the French stock of the metals available
Tor other countries If needed
While the stock of the precious metals and the
note circulation Of Europe has ben Increased,
there has been and is nov Ding forward gene
raj reduction 10 the prices of commodities, which
so far diminishes the requirements for circulation
and for gold for ba, king purposes The mean
ing of this ten ency ID obvious. 1t points clearly
to a coming period Of ease and low rates in the
European money markets for that result newt
ably follows q simultaneous Increa @ i'll bank re-
serves and decrease in the money valuation of
mercha ndise to be handled.
To US, this pro -pect is of great importance.
Our exchanges have for several months ruled ex-
the rate of interest has bel lower at New York
than at the European money ceuters. THIS de-
rangement of oui normal relation to the Euro
pean m irkets has already caused US some incon-
venience, and has forced up the gold premium,
when, from all other circumstances, 1t should
have been declining; aud, unless there was q
prospect OF an early change from this state OF
things, might exp CT sci ious conse quen ces at
no very distan period. The f.cts which we
have luded however, if ord reasonable ground
for expecting that we shall soon feel the effect OF
an easier condition Of things abroad aud the
fea's that some have been whispering may, tn re-
fore, ne moderated, If not entirely dismissed
NeD York Bulletin.
Flax Culture in the United States.
Flax is said to be fast becoming popular crop
in the West, because OF its certainty returning
profit to the farme sure because it defvs the
ravages OF the chinchbug and natures too early
The chief demand for this raw material is for
cotton baliDg and for cordAge. The demand for
the former purpose may be approxlmated by the
productioM1 81 cotton when annually n ma axe
900 yards of b4ggng cloth, aboBt IL OOO 900 yards
OF which are ma nufactured in tue Uni ed States,
and nearly all from imported stot k. Jute butts
are imported largely for their manufacture, but
our Western contemI oraries, among them the
st. Louis GLOBE Democrat, claim that domestic
fax can be raised and manufactured more
cheaply. and that the product ID better tor
baag H .uo,.oa ;,,no,.. 90 ,.w hemn into the
United States for 1874 over 1873, was 1895 tons.
There is manufactured in the United States OF
cordage and twines to the value OF SO gu, 49,;
flax dressed 81 1000. We also imported IN 1874
ending June 80 Of vegetable fibre, except cotton,
to the value Of 500 208 628 81, 942 tons OF which
was raw nj ,terial, costing Si,3l3u2l Upon TINS
showing OF demand and statement OF superiority
of domestic over Imported raw material, 'he
Western farmers are urged to extend the culture
of fax indefinitely as q more safe and profitable
crop than any other.
Bulk Pickles.
We would sound note of warning to the pub
lie against indlscriminate use OF bulk pickles,
from which lately a whole family IN New YORK
has been poisoned. The pickles in question are
of the cheap and inferior class, dealt out 10 small
quantities, and hence bearing no recognized
brand but usually fine in and color. The
color is generally very fallacious test OF quality
as it is produced by poisonous substance ,parlcu-
larry verdlgris, win the pArnlclous nature OF
which every one mus be familiar, but which un-
scrupulous persons will not hesitate to use Tor
the purp Sc of giving color TO the pickle. and
adding TO the salsbleness OF their product. In
the matter OF pickles, owing to this f:c', one can
not be to careful and 1T Is onl. safe 10 say 10
purchase Of some thoroughly known aud respon-
sible dealer The ut gls CT in this respect Is IN
excusable, az by misplaced economy the liv5 s
OF a whole family may be put IN peru. heta1
grocers and others who deal In bulk pickles VIII
40 well TO exercise due amount Of dlscrlmlna-
tion in the aaticles which they sell.-N. 4.
Grocer.
The Effects of the Failures in England.
The London correspondent of the New York
Financial Chronicle in his letter OF the 10Th o
June, writes:
It would appear, though it would be unwise &c
be certain, that the more important dilhcuitle'
have been made public, and that those Wnicl
have vet to take lace will be OF quite minor
note. The rev lations which have, however, oc
cured obviously produce very cautious Ieeline
in commercial ci,cle-, while as regards hnancia
affairs there is equal cau11n, since captaleS
are distruetful and are very unwilling 70 lena
The bona ide trader is now no doubt, suffering
considerable prlvatlons.
Though lis account at his bankers may, com
pared with those of his peers, be small one e.
his acce ptance, though not well known III .ue
discount market is to be tru.ted, and his Dl,i'
are always punc uay met ri maturity -.
merchant who has been trading within ms mean
now suffers for those who have ben trauins ~
yond them 90 that at the present time ho ihuui
pences are offered and it has become necessary
or rather lmpera i've, to curtai most commit GA
transactions. ! he once prominent haisior -
Indian trade has evidently fallen INTO uecay, pu
no doubt TIE pI ocess OF restoration VIII DC suai
or rs ther should ay, that the process aooptet
to insure that rest ration has be- sharp, as a.
fictitious supports have been withdrawn ana sh'
work must now bs re-estsblished on sonna.l
basis Less credit ana fewer ac0oinAhoa"'i0
bill are what are required.
The Hishwinc Trade.
The circular Of Messrs. r. y; boyd ,, 70 i in
the week ending July IN, gives the following III
format;on CONCERNING the highwine trade; -,
"The price Of highwnea advanced on the 9Th
inst to p per ga lon, with sales OF 100 ob,s
wIh has been steadily an1s wees coa
inc TO-DAY firm at that price with sales OF l5l
bbis '0, the stock of hghwnes in the West hi
been somewhat red iced the past week neIe .ns
stock remains sb nut the same as at date h 81 pn
last circular viz: 5000 to 3ooo so,-; - in,v
hsoh op' tax sI pad In is s firm and fir
with limited supply, at " $50 o9 ! ai Eo q
Alcohol export, nothing dong. ksee 81 b;.6
highwines and alcohol 300 DDS, sals ~ -
. vines and al ,ohol 1850 bbis. Average price as q
h,rhwines. 81 %, average price of alcohol g 80
Messrs. Miller 4 Co, in their weekly crcula