The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-03-25
C01HERCIAL HATTERS. Etc.

CO1AERCIAL HATTERS, Etc.
The French Budget for 1877 estimates n,
tevenue ct 1884, 400, GOO. and the exnenditnre,
st o0.OCO less, and without PROPOSING an,
lncrease Of taxation there will be- refunded
$5sOOO.OOO to the Bank of France. The Who'll.
advance OF the bank will be repaid BY 1879
ana then reduction Of taxes will be proposed
New York Coffee Market.
New York Bulletin, 21st inst WI
hiO coffee, with continued favorable advicee
from Rio Janeiro, has been IN better demand.
and has sold at an advances to l51(9l84 cents,
gold, for ordinary to primo caseoss. The lob
ping demand has improvq ~ we'll as that for
invoices, and the markef doses very firm.
The visible supply Of Rio "a the 18th inst.
was stated at 664, SOC bags, against 1,O7O, 900
bags same time last year
This statement includes the stock in Sec
"ond hands at seaboard ports, which is esti-
mated at 100000 bags, against 2lO, 600 bags
at the same time last year. There is also q
material falling off in the quantity purchased
Tor the United States as compared with last
year. While this is without dispute, there is
neveraneiess quite large supply of coffee
ec.ualiy IN the country, and that in first hands
auAy equals the stock held at this time last
year. Il 1s the supply in prospect which
shows the most falling OF In regard to stocks
IN second hands, there u necessarily much
uncertainty The interior is not sufficiently
bare OF stock to cause any especial activity,
Out there is fair demand, more than lately
prevailed. The steamer Donotri is expected
here in few days with about 1000 bags
For mild coffee there has been moderate de-
mand at steady prices
Tho silver Question.
lBulletin's Washington Correspondence, 21st inst
Thown Sy :~k
the silver question. A member of the House,
hearing that the legal tender is worth more
than silver coin, sent to friend of his in New
York to buy Some for him. He did it as q
test for deba'e, and not as speculation. He
was informed that silver coin IL ct premium
over greenbacks, or else the shopkeepers
would use nothing but coin for change, in
order to advertise themselves Is the first to
use it. The Congressman was told that silver
bullion was down in price below greenbacks,
Dat that silver coin was at premium over
greenbscks, because the latter could be paid
in ct the Custom. Rouse for duties in sums
less than five dollars.
MI. James G. Fair, of Nevada, the great
bonanza man, told me that the congressman
don't seem to understand the silver question
He says they lax about silver as though it
were something Of no value that they were
digging out Of the ground in Nevada. He
Snyp tuoy ChH heil hil tuey Can Wln0 At Ialr
and profitable prices, and that it matters very
little to them whether Congress puts silver
coin in circulation or not He says that the
uses Of silver for coin are governed by EGG
land in the making of her exchanges with
india, China, Japan, etc. He said he had
received several orders in Washington from
Europe for silver, and that on Friday hs re-
ceived cable dispatch from London asking
what he would take for 2, 0O0 600 ounces. He
k1~k u
poets the order. he says he thinks it is time
for people in Congress to appreciate that silver
is not lead and that the white metal they are
digging out OF the ground in Nevada has an
intrinsic value that is recognized all over the
world.
Senator Jones is still reading up on the sill
yer question. He still insists upon the double
standard of gold and silver, and will no doubt
make speech in the Senate on this subject
that viii DO him credit He says he proposes
TO exhaust the subject, but that he intends to
wait until the bill gets through the House and
it goes over to the Senate. He proposes to
show that Germany will soon be obliged to
take the lead III Europe and remonetize silver
coin, and that silver can not by any ukase or
agreement of conventions be thrown out of
ats place among the metals having q steady
intrinsic value. He says the American peo-
pie always want to buy things when they are
GASo Au0 SCH tAeAu WHO'LL lucy axe low III
price.
It is very evident that there il disposition
in Congress to issue the SIG, 900, 600 in coin
that is now OH hand at the Tie asurv, 80 as to
make the experiment with it, and keep coin
ing for few months to continue it till the
next session Of Congress, when the feasibility |
of the thing will have been tested.
The Business Outlook.
cincinnati Enquirer, 22d inst1
There is little that il enc0ur aging in the |
present outlook to the merchant and manu- |
facturer. The masses of the consumers of |
goods are the working men of the country in /
the cities and throughout the length and |
bread h Of the land, many of whom have been |
without work for q long time, and are conse-
quently in debt. The farmers have not real
lied their expectations in prices Of their pro-
ductions, and the country merchants in many
instances find it difficult, if not impossible,
to collect enough of their outstanding &C
counts to meet their liabilities to the jobbers,
and the latter are not disposed to grant fur
Their credit until the old scores are settled
There will of course, be some trade as the
spring opens, but it will be restricted to
comparatively narrow limits, aud such is the
competition to sell when almost everything is
produced in excess Of the consumptive de-
snand. that profits are cut down to the lowest
terms, and ii any money is made in mercan-
tile business this year it will probably be
owing to good luck more than to good man
agement. although it will doubtless require
good managem ent to conduct business 80 as
TO avoid serious losses.
It will hereafter be known as Fort "Ssll.
The first science driver teaches his mules