The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-02-12
COlAERCIAL MATTERS. Etc.

COA4ERCIAL MATTERS, Etc.
That wonderfully recupeative country
FRANCE, has made most remarkable exhib
81 tfade during the past year. The manufal
SuIed goods imported were valued at 484, 500
NUU francs, and the imports of raw material
amounted to .236, 499, 900 francs Food wa
imported to the amount Of rs, 1884 600, an
tne total imports were valued at 8, 672, 286. 90
francs. Great as was this sum, the valuation
81 the exports during the same time exceede
IT., amounting to .4.O22, 162. 900 francs. TIL
hvely Gauls will soon be ready for anothe
war;
Rapid Passage From New Orleans.
The West India and Pacific Steamship Com
Eanys steamer Haytian, Capt Watson, al
nvcd in the Nersey on the 21st, from Ne,
orleans, making. it is said, the fastest pas
sage on record from that port The distanc
run was 1853 miles, from New Orleans bar T.
the Rock Lighthouse, and this was accom-
pllshed in 16 days hours.
The Repeal Of the Bankrupt Law
by the National House Of Representatives, o.
the 9th inst, is notable event in financia
affairs, though, of course, the great point il
understood to be the chance of q similar &C
ton by the Senate, It has been thought tina
there was no chance for repeal in the Senate
out 1t is possible there has been greater
cnange IN the views Of the Senate than popu
Aarly believed.
The Cuban Crops.
The Havana Diaro de la Marina, of the 22d
OF January, editorially comments upon the
prospects as to sugar and tobacco crops fol-
the current year. 1t says: "Takng into con-
saderation the protracted drouth prevailing
over the sugar districts and other sources Of
injury, We are forced to the disagreeable con-
m hit Nil Ho11
snort 2OO, 600 tons, or 20 per cent from gen.
erai average, as compared with that of 1875;
whist that OF tobacco is completely ruined,
Tor want Of rain at the proper season of it's
growth. Under these untoward circumstances
1t behooves us to husband our resources, and
by dinf, by unity, economy and patriotism
Surmount the obstacles in our way through
the ensuing yeas. Added to our already per-
picking financial condition and the increasing
exiaencies Of The var, let everything give way
10 this most important question, aud we may
come ont in the end successful and quiet
from disturbing causes"
American Nonp etisfon In eht aiefd Steel.
According 70 the Sheffield Telegraph. Of 22d
'ult. the heavy iron works are very poorly en-.
gagged, 70 that at many Of the larger establish.
ments the number Of the woykmen at present
employed Is many hundreds below the full
complement. Unless matters take turn fox
the better, we fear an anxious commercial be.
Rod is before us. Among other sources Of
anxiety Is that foreign competitors arc fighting
US on our own ground As one instance in
point, we may meptioh that an American
smerchant arrived in Sheffield few days ago
with consignment of light steel hayforks,
shoveis spades, etc. of american make, which
ne prop, ses to sell at lowes 3haD Sheffield
prices for similar goods
financial Condition ~ tyussia.
Past prosperity serves to uphold Prussia in
the present stasnant period. Che accounts
for 1874, as we'll as the estimates for 1876.
equally prove this. The revenue foy 1874
having, as usual, been estimated at . very
low figure, there remains a surplus of 20.
DOC, COO marks (f1. DOC, 00O) to be added to the
income OF the present yeas It is indeed
doubtful whether the surplus OF 1874 will not |
be counterbalanced by q deficit Of 1875. the |
accounts Of the latter year not having yet |
been made up; but as the direct xes in I
1875 are known to have come up to the esti- |
mates, the diminution sure to be found in I
the indirect revenue in gear Of commercial !
depression ls.not likely to exescise serious in
duence upon the balance.
Proposed Revision Of the Ofa,rileA ~pix;,
Laws.
The Vine and Spirit Traders Society of the !
United States IS about to propose to Congress /
one Of the most important reforms evee made
IN the laws regarding distilled spirits. At
their last meeting their propositions were
10 the effect that as they propose
the reduction Of tax on domestic spirits from
soc to SOC PER gallon, they also recommend !
reduction OF duty on imported spirits from 50
to 81 per gallon. The bill is carefully drawn. |
and is intended to supplant present laws on !
the subject 1t is very important measure
indeed, affecting, as it does, all the substan-
tial interests of trade that contributed last
fiscal year from internal revenue tax alone
$52, OOO, 600, including the special taxes, etc.
1t reduces expenses Of collection about 2.f
200 Co., ~ Y. Bulletin.
Toe Much 1apven
There is apparently danger that wei may have
! glut Of silver. In Spain, after the American
discoveries, the grandees Of Granada shod !
their mul.s with silver, and the bonanzas Of 8
The COmstock lode are richer than tho mines :
Df Potosi. Silver has become SO plenty in '
San Francisco that it has fallen to discount 6
Of three to five per cent, and is regarded as a
luisanca II is this deprecated metal, by :
he way, that the Treasury Department pro-
poses to issue in the place of deprecated
fractional currency, and call the result re- 7
iemption A meeting Ct San Francisco mer-
chants has been held to consider what shall Il
'e done with the superiuous silver, and .
'onlmittee b IS been appointed to report.
11cI0 10 THO scCiot VI OtuhtOE zones recent
proposal thar silver be made the unit of value Al
md the basis of currency. Silver is his COM N
modify, and he wants to make market for
t. The richness of the Nevada silver mines VI
3 shown by the offer of Messrs. Flood, c
Brien, Mackay and Fair to exhibit at the u.
centennial 10000, 900 worth Of silver, to be
aken in thirty days out of the Consolidated
'irginia and California mines. With regard
Q this. we quote from the San Francisco
3ultetin:
In the month of May, the time set for this
nst production of bullion from the bonanza
hines, it is known Gas per Superintendent
airs annual statement, that the new shaft til
enominated the c. and C. will be in condi. to
ion to hoist 1000 tons of ore daily. The old &c
Consolidated Virginia shaft has q hosting Of
apacity of 600 tons daily, and the Gould &
Jury $50 tons; and if necessary, the o phir
haft will be brought into requisition to hoist -
90 tons daily, making an aggregate Of $3.50 T