The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-28
COMMERCIAL MATTERS, Etc.

Elementary comment OF the UrdperS Trade
Journal that "the fact was significant as
showing that Manchester had at last found
o competitor.
The work on the great suspension bridge
which is to unite Brooklyn with New York
seems to be dragging terribly. 1t was COM
menced in January, 1870, and was to be CON-
pleted in six years, at cost of $40, 000,0
The engineer, however, says it will take until
July, 1879, to finish it. and it will cost not less
than S16,000000. There is considerable i'll
feeling in Brooklyn because New York has
not paid her share of the expenses thus far.
The bridge is to be $3.50 feet long and IS feet
wide. After it's completion many of the ferry
boat lines will have to vacate the East River.
The Richmond Tobacco-T"x Case to be APP
pealed BY the Government to the
Supreme Court.
WASHINGTON, Oct "a 1t will be remem-
bered that the Internal Revenue Bureau, in
constituting the tax act of March last, which
was signed by the President about or P. NJ
of that day, held the doctrine that the law
related tack to the be ginning of the day at
midnight of the I'd of March, thus imposing
the additional tax of four cents per pound
upon large quantity of manufactured to-
bacco. The protests of the manufacturers
against this construction were disregarded
but at Richmond, Va, whence strong pro-
test and argument had come from Mr.. VIM.
p. Burwell in behalf Of the taxpayers a case
was made up and carried to the United States
District Court, where a decision was soon
given adverse to the government construc-
ton. Soma time has elapsed since this de-
cision was rendered, and it was supposed that
the department migt acquiesce in the ruling,
but it is now definitely ascertained that the
case is to be appealed to the United States
Supreme Court, where, however the govern
ment is likely to be beaten again.
The claims Of the manufacturers who were
prevented from stamping their tobacco before
March 3, by reason Of the failure of the Gov
eminent officers to keep on hand q proper
supply OF stamps, will, 1t is thought, CONS
before Congress next winter, and receive a
favorable consideration by the House OF
Representatives.
Condition of the Whisky Market.
Messrs Boyd Il Co. in their weekly circular
state that "the production has again been
slightly increased in the West, the contin-
ued decline in corn inducing some distillers
to increase their capacity. The total produc-
ton of distilled spirits from grain in the
United States on the LIST inst, was 1873, 348
gallons per day illinois alone producing over
As per cent OF this) and on the 1st October,
1874, 1872, 010 gallons, showing slight de-
crease this year. With the present tax of 90c
per gallon. the daily revenue from this source
is $l65,013 20-the following States produc-
ing, per day, 157, 1872 gallons, Illinois, Indiana,
Ohio and New York, more than one-half of
which is made in Illinois"
Messrs. Miller & Co., in their circular re-
mark that "the margin Of profit in the distil-
ling business at the present time is certainly
very close, and can not be improved any, so
long Is there is SO much willingness on the
part of manufacturers to keep up larger pro-
ducton than the present condition of trade
will justify"
The Diversion Of Trade from New York.
Public attention has been recently called
to the fact that the wholesale and jobbipg
trade of New York city has suffered seriously
by the competition offered by Western cities,
and it appears now that the grain trade is
also seeking other channels A writer in the
New York Journal of Commerce says that the
receipts of grain at New York for the first
nine months were:
Bushels
1875. NEUTRALITY-SUSPICIOUS. AZ, 9Sl, 768
Decrease. NEUTRALITY-SUSPICIOUS.. .19, lis, 513
The other six seaboard ports actually held
their own on decreased crop movement of
nearly 100000, and not only maintained
their trade of the previous year, but increased
it 3,343, 996 bushels.
Another CalCul4LlOu, hItoT HiiONlEB VIC
decrease in the trade of Montreal, shows
gain of 1000, 600 bushels in the receipts OF
Baltimore, Philadelphia and Boston this year
in comparison with last, against a loss to New
York of over 5000, 600! In other words, it
appears that from January l to October l,
1874. New York received Of the aggregate
seaboard receipts about 63a Per cent, and that
in one short year diversion OF trade had oc-
Cured sufficient to reduce the percentage OF
New York to 53.7 per cent.
What to Do with the Corn.
Tst Louis Republican, 25th inst.1
The Mexico Iateligencer says the farmers of
Audrain county have SO much corn that they
do not know what to do with it. All OF them
have a surplus, and many of them have
large surplus This computation 1t Is
complaints almost universal throughout
the State. The corn yield is enormous; there
is such an abundance of it that it is selling IN
some counties at 20 cents a bushel, IN some
at Is cents, and in others at Sc to So per
acre in the field; and there are many fields
that will yield rs to 80 bushels per acre, and
some that will do still better.
If there were good stock Of hogs and cat
tie to feed the corn to it could be turned to
good account, by being converted into beef
and pork. But the scarcity of stock is one
part of the ificulty; in the grasshopper
counties, where the crop is heaviest, hogs
and cattle are most scarce, because toey were
starved, sold or driven off during the ravages
of the insects; and even in the great stock
raising counties of North Missouri there are
not more than half enough animals to con-
sumo the corn crop.
TIE Liverpool Gotten Market.
From Messrs w. G. Watts 4 Co.'S Weekly
Liverpool Cotton Report, October s, We take
the following:
The Position, etc-The receipts at the Anne
rican ports continue quite large, being nearly
IA % larger to date, since the LIST ult., than
during the same period last year. All OF our
advices seem also to indicate that planters
will continue to market their crops freely, at
least until they have sold enough to provide for
their engagements about the end OF the year
The waters of the Southern Mis- sissippi River
and tributaries are also reported high-some