The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-12
COMMERCIAL MATTERS, Etc.
A lot of Texas horses recently brought Sill!

slong with warehouses and dry docks. The
new line ust started between Philadelphia
ard San Francisco is said to be doing heavy
business, with promising prospects for the
future
The depreciation of real estate does not
appear to be peculiar to the United States.
A Paris correspondent of q London journal,
speaking of the proposed foreclosure of
first mortgage on real estate at Marseilles
valued at about 100000 francs, says the
property probably would not produce a
fourth of that amount "if sold during the
present depreciation of real estate" This
throws some light on the commercial con-
dition OF France, 80 commonly represented
as comparatively exempt from the effects of
the late war.
The French Vintage and Wine Produc.
The French vintage for the season Just
ended is generally conceded to have been
one OF the most satisfactory on record, though
the inclement weather at fforent periods
somewhat deteriorated the quality of the pro-
duct. The practice OF purchasing grapes be-
fore their maturity, which has hitherto proved
ruinous to manufacturers, was entirely dis
countenanced this season. This will be q
benefit in many ways; for, had the fruit been
purchased as heretofore. farmers would have
thrown in good and bad together, and thus
produced q quality of wine below the usual
standard. AS it Is now, farmers are left to
make their own mash, and, consequently,
will be very careful about rejecting unripe or
rotten fruit. Still, with the utmost care,
some authorities tell us, it is impossible to
make very large quantity Of fine wine this
year; and so, from that point of view, the
vintage may be classed as middling one.
The Course of Trade.
IN. Y. Bulletin, Sth inst.]
As regards the general trade of the country
the past week seems to have been one re.
markable chiefly for its quietness-the cleo
tons operating as diversion to which mer-
chants, as well as other people, had to sue
cumb; and the effect of that break ia the
usuI routine may be said to have extended
from Tuesday. in greater or lesser degree,
clear through to Saturday. Oar local markets,
as regards most of the leading staples,
therefore, were singularly free from excite
ment Breadstuffs and provisions were mod
erately active for export; cotton was dull and
declining; wool inactive, but steady; hides
dull and heavy; tobacco slow, though expor-
ters are showing more interest in the market
at the recent decline.
Iron remains dull and depressed, but the
outlook for rails is rather more encouraging,
under prospective contracts from some OF the
trunk roads. In hardware, there is little or
nothing doing apart from the execution OF
country orders by mail. For a week or two
ahead, the indications are that we shall have
the usual November lull, after which the holi-
day trade will set it; and this never fails to
infuse more or less animation into nearly all
kinds of city business. II the volume Ct
transactions for the moment is limited, We
think it may be said that there is no abate-
ment of the hopeful feeling noticeable
throughout the autumn, nor of the conviction
that the country is making as steady progress
to recovery as could reasonably be expected
when all the circumstances and conditions of
the business situation are duly estimated.
Manufacture Of Peanut Oil.
During our late war olive oil was almost un-
obtainable at the South, and as consequence
peanut oil was necessarily used as q substi-
tute. Formerly the production of oil from
peanuts was meager, little notice being taken
of the article for table and other household
uses By the favor it received in the war
times it gradually became more popular and
is now IN large demand, as it serves the
purposes of olive and almond oils for various
uses and can be obtained at a lower price.
The oil retains its purity and favor for long
time, and is not as susceptible to the effect OF
light as olive oil nor does it SO, easily become
rancid.
The oil is extracted entirely from the
"meat, the husk being insipid and useless.
1t is extracted by pressure, and the refuse used
for cattle feed and also as fertilizer. The
quantity obtained varies acoordingi to the
locality Of the production Of the nut-ES-
change.
A very superior article of oil is now being
manufactured in this city from the cotton
seed by the Louisiana OIL Company, which to
a considerable extent has taken the place of
olive oil in use in families. l. is much
cheaper than the imported article, and con-
noisseurs, we have heard, pronounce it an ex-
cellent and satisfactory substitute. An tx
portation of this Oil to Europe has already
been made.
An Interesting Case.
The folio wing gives in brief late decision
of the Supreme Court of the United States:
The National Bank of Commerce, of Bos
ton, VS.. the Merchants National Bank, Ct
Memphis error to the Circuit Court for Massa-
chusetts. This case presents the question
whether bill of lading of merchandise made
deliverable to order, when attached to
time draft and forwarded with draft
to en- agent for collection, without any
special instructions, may be surrendered 70
the drawer upon his acceptance OF the draft,
or whether the agents duty is to hand the
bill of lading, alter the acceptance, for the
payment of the draft.
The court held that the agent can be held
liable to the owners of the draft for breach
of duty in surrendering the bills of lading on
acceptance of the draft only after special In.
struclions to retain the bills until payment OF
the acceptance Reversed. MIR. Justice Strong
delivered the opinion.
Trade Between California and Australia.
The lifornia trade with Australia now
employs more ships and more tonnage than
with any other portion of the world, with the
single exception of China. During the nine
months OF 1876, no fewer than 76 ships, az
gregating SO, CSC registered tors arrived here
from Aus,ralasian ports, while our commerce
with the United Kingdom only occupied St
vessels of SO, TIC tons, and that with domestic
Atlantic ports but "a ships of ~ S37 tons.
Much the larger portion Of imports from those
colonies consists of coal.
Waits and To Rent inserted in the BULLETIN for
fifty cents.