The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-06-16
COMMERCIAL MATTERS.

~ One OF the modest little farming PaAcn0s :"
Illinois is laid out in 1900 acres OF corn;
25O0 acres Of lax. 1000 acres OF oafs, ana
enough grass to produce about SOoo tons OF
hay.
Norfolk is bearing the peanut market 20 inc
extent of 1000 bushels, and halt oozen
stands in our neighborhood have alreaoy soIo
to smash. Such are the fluctuations OF cagi- |
tai and risks Of independent trA~e.-N' -
Commercial advertiser. 90
The Postcffce Department mas seiec's" Oh
= yionette for the new five cent stamped Gu
yelope p,ofiie view of Major General Zachary
Taylor. taken from q bronze copy o. me meu ~
voted General Taylor by Congress, May ~,
1916. in commemoration OF the oa'tie u
Buena Vista, Prof Linderman, Director OF
the Mint. having kindly furnished the copy
The yipnette on the five cent stamp Is iuii-
faced picture Of General Taylor;
81 The New York Shipping Last thinks F" every
thing anuears to be shaping for o summer
dullness. But bad as is the state OF trade
here. it is probably no worse than 1t Is In
Europe Judging from our regular reports
and what we leern from merchants VINO nave
recently returoed thence. 1t seems to have
been proved by history that these commercial
crises are. unavoidable about once IN ten
wears. The one from which we are now SUI
2s-;no Is probably the severest we have ever
arnerienced. We had more than decade OF
avis to be remedied-the suffering is conse-
uuently more severe and prolonged, and the
recovery is therefore, slower. There is rea-
son TO believe however, that the worst Is
over. and that affairs are destined to improve
slowly. though We can not hope to have
repetition of the activity, excitement and
chances of speedy fortunes we had during the
last decade. - sag
The New York Commercial Advertiser, refer
ring to trade and the effect Of low rates OF
freight, says that the spring jobblng trade ID
the line of dry goods and some descriptions
of general nero handise, which usually go 70
the country with dry goods, was pretty mucn
brought to close last week. Ii was unusu-
ally late this season in setting IN, ana .ne
v,Iume of business has not proved large
We belle, ., however, it was in the main sat
isfactory. SO far as credits are concered. Inc
profits were probably less SO. The express
companies have not been doing so we'll
in the transportation of light goods
to the South and West. Inc Laliroao
freiQhts have been SO temphngly low on
all classes of goods that the merchants nno -
" fhair interest to save the expressage IN every
direction. The stocks Of two OF the oid es.
tahI;shed companies American and United
States-haye fallen off at the Stock Exchange.
In the case of the United States company an
other cause of depreciation is prooaply tne
condition Of their contract with the Erie road'
now in teceivership, over which they run
their cars The Adams company, whose stocK
nf $40 900 900 capital is we'll maintained, use
ch;efv the Pennsylvania road (including its
New JERSEY and western connections) ana the
Southern roads, and no doubt also feel the
composition in light merchandise frelghts
o. 4 the very roads they pay for hauling their
The African Vintage.
The culture of the vine in Algeria is shown
Nv recent official returns to be steadily In
creasiug. In 1858, 1874 hectares only were
PLANTED with vines; now there are 26,O oO. In
1854. 63, 900 hectolitres Of wine were made; in
1870, loo, 900 hectolitres, and IN 1874, 4oU,eOO
hectolitres The climate Of Algeria Is more
over specially suited to the vine which two
wears after planting reaches q hight OF over
fonr feet. and in the third year begins to bear.l
The soil is most favorable, and the dreaded
rsphylloxera is as yet unknown. Even on the
mountain the vine can be cultlvated az
height Of 2lO0 feet, 240O feet and even 4Ooo
feet Under these circumstances, hopes are
confidently expressed that Algeria will soon be
able to make enough wine not only for her
own consumption but also for expectation.
Production Of Pig Iron In 1874.
The Philadelphia correspondent OF the
Times of this city, quoting the advance sheets
az the reports OF the American Iron 0nd Ssees
Bulletin as authority, states that there was
decrease in the pig iron products OF the
United States for 1874 of l76, S65 net TONS
The total production was 2, 6S9, 4l3 net tons
tor 1874, against 2,s6S,27S Tor 1919; ms,
however, is q much better showing than was
made public by the Iron and S,eel Bulletin at
= the close Of the year 1874, or at about the
time Congress was to assemble, and possibly
10 consider the question OF the tarin on iron
It appears that ont of the 665 furnaces in
= the United States at the close Of 1873, only
4l3 were running, the balance having been
blown out consequent upon the panic; 1914
opened with the same NUMERALS in blast
hut thew included the new, larger and most
improved furnaces, while the small old ones
were the ones out Of blast chiefly, which fact
served TO conceal the true state of the trade,
which is disclosed, and hence it is not sur
prising that the falling off in production is
not so large as reported at the first OF the
wear. The stock; in the country at the close
Of 1874 in first hands was 795, 784 net tons.
Thus we have what is supposed TO be the
actual facts after FIVE months delay:
WV Rise aud Fall or u French SPECTATOR.
Adolphe Chasteau, Caissier des Titres at
the Prefecture of the Seine, was convicted on
the 18th ult. of frauds to the extent of 40 0OOf.
He began life as q clerk to q stockbroker. in
which post he speculated on the Bourse and
loet 8O.OOOf, witch was paid by his father.
Alter q short time in the Maurittus he re-
surned to Paris, and got an appointment at
the Prefecture, being rapidly promoted untll
his salary reaches S000f In November, 1870,
y during the siennkfhe Perfect was warned that
there was de of zoe, OOOk IN his accounts
Chasteau at induced the cashier o.
another depa It to advance him that sum,
and on this being discovered he pro-
fessed such con(lit;on that his superlors were
satisfied with his restitution Of the money
Du ring the Commune, !, 200, OOOf, IN Chas
teau's department, fell into the hands OF the
J Insurgents. He received 12O,OOOE shortly
afterwards from the collectors of the markets
and after the fall of the Commune it was al
FIRST supposed that this sum had been also
seized, but on the contrary, being discover
ed, he refunded the amount. Some bonds O
the Paris Loan being in his charge, he casheo
those which were drawn for repayment at pal
or at premium and replaced them by others