The New Orleans bulletin., 1876-02-09
COMHERCIAL IATTERs, Etc.

c.a.seu eignteen years ago. Ihls year thcy
will run 1000 carr,
Notwithstanding the general business de
preston the iron and coal industries of Vir
ginia are growing rapidly.
kice dour seems to be Q particularly usefu
article in the adulteretion business. Ar
eminent chemist gives no less than ten sub.
stances in which its presence has been de-
tected. Adulterated cream tartar, granulated
sugar and various spices, all are found to con-
tain it when placed under the microscope.
Tue report Of Dr.. Linderman, Director o.
the Mint, as to the establishment of q branch
mint at some point in the Mississippi Valley,
recommends indianapolis as the location, fol
the reason that in that city there are govern.
ment buildings no longer required for othe,
purposes, which can be utilized without the
delay or expense attendant on the construc.
ton OF new edifca New Orleans presents
the same facilities.
A. y. Stewart pays about $12O, 900 in taxes
on his real estate in New York city. His
wholesale store is assessed at ST, Isl, ,OCO and
faxed $32, 200; his retail store, assessed at
$S0o. .OO0. pays $23, 800. and he pays SIG, SOC
on his house on Fifth avenue, which is as.
sessed at 5000. OOO
The name "auction as we'll as the thing
comes originally from the Romans. They
were in the habit of selling their military
spoils to the highest bidder, and with no
more ceremony than merely sticking spear
IN the ground where tie sale was to take
place. As each bidder increased his bid, the
descriptive name auction, an increase, was
given to the transaction.
II Il asserted that while California pro-
duces 5000 900 gallons Of wine, the home
consumption does not amount to more than
1,5OO 600 gallons. In first hands the wines
are known to be absolutely pure, for which
reason they are extensively initiated by q
fraudulent article abroad, or so adulterated as
to eniirely lose their original virtue and
flavor. For these reasons the foreign de-
mand for the article is much more limited
than it should be.
there are too many mercantile houses for q
healthy trade. Competition that results in
cutting prices below q living basis not only
results In the downfall of those who partici-
pate in it, but it involves many innocent
parties. Business is easily inaugurated by
low prices and unrestricted credits, but o
trade SO begun can not be maintained.
The infrequency of opportunities for profit
able stock speculation is having it's effect
upon bulls and bears of all sorts in New York,
who are represented as going through pro-
cess of squeezing out. In proof Of this, it is
significant that seats in the Cotton Exchange
can be purchased for less than $1,000; and
seats il the Produce Exchange, whose nomi-
nal value is $1,000, can be bought tor less
than $500.
At the annual meeting of the Chamber of
Commerce OF Sheffield, England, held Janu-
ary "a, the President referred to the startling
decline of their American trade, and said
that neither Sheffield nor Birmingham would
ever have such an American tlade es they
had formerly. American and German manu-.
facturers were pushing British goods into a
corner" and by introducing machinery for
the production Of articles Of equal qua ily to
those made by hand there, HAD become sue
cessful competitors.
Almost every department of industry in
Ireland evidences prosperity, and particular
" the main lines of business Thus the
number Of beef cattle exported from Dublin
in 1875 was 1872, ,O55, as against III, 707 in
1874, and the export of sheep and lambs was
3l3, 3,O06 in 1875, as against 264, ,218 in 1874.
The linen trade has greatly revived; the rail
ways show an increase in net receipts of
$3.50, 600, and the deposits in banks have
been SO largely augmented that there is con-
siderable inquiry as to what use should be
made OF such an unusual surplus.
The catch of mackerel this year has been
exceptionally small, leading to correspond
ing frmness in prices. 1t is estimated that
the aggregate will not amount to one-half OF
that Of last year. In 1874 the total catch by
the Massachusetts, feet reached 258, $50 bar
rels, against 1856, 748 In 1873, 181, ,957 in 1872,
259, 416 in 1871 and 318, 521 in l87O-giving
tor the five years total Of 1904. .022 barrels.
The Fl .heries of Maine, though not nearly SO
important as those of Massachusetts, arr con-
siderable. The quantity Of makerel inspected
ct the Maine ports for the three years-1871,
1872 and 1873-was. in barrels, as follows:
1871, As, 6O3; 1872, 22,973; 1873, 2,193-giv-
ing an average OF 81, 256 barrels per arnum,
which, with the Massachusetts, figures, gives
. total supply for the five years named of
l 1850, 800 barrels. Most Of this supply has
been consumed in the United States.
Coffee Culture in tho soathern States.
Considering the large sum we annually pay
Brazil for coffse and sugar and the very small
reciprocal returns from that country, the
Philadelphia Business Advocate proposes that
We shall devote more attention to the cultiva-
ticn OF these products. The attempt 10
by removing the import duty, failed by reason
Of the Brazilian government establishing,
about the same time, an export duty. while
the American coffee trade is subject to such
influences as these it is idle to think of any
great expansion of it such as the vast capacity
OF the country would warrant.
"The one solitary way left is to 60 to work
to establish the coffee culture in
our Gulf States, and to stick to it untikwe
succeed, as We can and should. The effort to
establish the coffee culture in CAliforniais
earnest, and makes headway like everything
else in that State, and the soil and climate are
said to be SO favorable that if once the crop
gets fairly established there it will become in
few years great and permanent interest.
Can we of the Atlantic States not do the same
thing in Florida? Most European powers, ii
6sye lone since planted there the coffee and |
sugar culture on large scale.
$50, OOO, 900 Werth Of Property Annually |
Destroyed by Fire. !
Hon. julius L. Clark, ex-Insurance Com
Of Massachusetts,, says that the
total annual losses by fire throughout the
United States, computed from statistics care
fnlly collated, week by week. exceed s493,-
NM mar dow ~ uearlv $40 00O GOO Der an.