The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-01-27
COMMERCIAL MATTERS, Etc.

CUMMEnClAL MAIIEnS, ElCs
Senator Sherman'S concurrent resolution,
proposing common unit of money and &C
counts for the United States and Great Brit
ain, requests the President to propose Treaty
Convention between tee two countries to es-
tabllsh the dollar as the money OF account IN
both of them. 1t is to be represented by a
coin formed of standard gold, niue-tenths pl -
metal and oIe-tenth copper and silver alloy.
Five Of these new dollars are 10 be the equiva-
lent of one pound sterling. Gold coins Of va
rious den ominations conforming to this stand
ard are to be issued and be legal tender
within each country.
In the House OF Representatives on Monday
last Mr. G. bson, of Louisiana, offered Joint
resolution t. provide for reciprocity treaty
between this country and Mexico and Central
America The resolution goes before the
Committee on Commerce, by whom we hope
it will be favorably considered The CONNER
-cial importance of untettered trade between
the United States and the countries referred
to is but little understood. The annual ex-
ports of M-xico amount at present
TO about S6O0OO,OOO, of which the
United States do not receive one-tenth
part, the great majority being sent to Great
Britain. whereas, if a reciprocity treaty with
this country prevailed, vast quantities Of
hide, dyes'uffs and valuable lumber would
enrich the United States which now add to
the revenue Of foreign countries. The in
low of the crude mineral wealth of Mexico
would also afford employment to the New Or
leans mint, now idle, and provide us with the
means Tor resumption of specie payment.
Mr.. Gibson's plan is for the President to ap-
point three Commissioners, to confer with
three others to be appointed by the Mexican
,government-Nea York Grocer, 22d inst.
California Immigration.
Statistics of immigration into San Francis
eco for the year of 1875 show very important
increase Of population from that source. The
total arrivals were 1903 700, and the departures
"a, 200, leaving net gain to the total popula-
ton amounting to IS, 800. This large gain
must necessarily contribute to the welfare Of
the State. as a large proportion of the arrivals
were skilled artizans and able-bodied labor
.ers. Many of these have brought goodly
amounts of money, thus adding to the bust
ness capital Of the State, as well as to the
skilled labor. Of the net gain, II 800 were
Chinese and Japanese. This class, the Callfor-
mans maintain, add nothing to the wealth Of
the country, but on the contrary, take from it,
as they spend but little money here, preferring
Gather to save as much as possible and return
to their native country and there enjoy its
pleasures with the money made here We
doubt the entire truth of this allegation, how
is placed at 500 per capita-Cninese and
Japanese excepted makiug total addition
OF So, 600 900 to the previously existing
amount OF money used in active trade. Then
there is to be added the wealth created
through the products of these immigrants,
which, though incalculable, must necessarily
be Of no insignifca can't amount as the maj 9rity
are believed to be in active employment From
comparative tables at hond, we learn that
= CT ov,v hal IF
ulation byfm migration alone amounts to 271,-
900 persoAs.
Wallace g. Co.
Wallace & Co., of New Orleans, the leading
wholesale dry goods house in the South, fail
ed on the 10Th of last November, with liablli-
ties amounting to about $75OOOO. A meeting
of he largest Of the New York creditors was
held in this city soon after the failure, at
which a committee was appointed to investi-
gate the affairs of the bankrnpts' estate and
report plan of settlement, and they reported
in favor of settling on basis of thirty three
and one-rhird cents on the dollar, twenty-five
cents to he paid in Ca b, and eight and one
Shird cents in the individual paper of David
VOLTAGE, at sixteen months. To effect this
settlement Messrs. Carter and Eaton. of this
city, were employed to conduct proceedingsin
involuntary bankruptcy against Wallace
dCo, in the United States District Court in
Louisiana, and the signatures OF enough OF
the creditors have been secured to effect this
compromise Y. Grocer 22d inst
The Rio Coffee Market.
We are indebted to Messrs. Marks & Co.
for q copy of Messrs. Wright & Co. s circular,
dated Rio dc Janeiro, Dec. "a, 1875, from
which We make the following extract:
We continue our advices from the 7th inst
Sales since that date amount to 76, 200 bags,
of which 80, 600 for the United States, %, 500
for the Channel and North of Europe, 5000
for the Mediterranean and 6lOO for the Cape
of Good Hope, River Platte, ETC. Stock on
the 7ih inst, 1856, 900 bags Of 60 kllo-; re-
ceipts since Tor 800 bags daily average) 49,
DOG OF 60 kilos; sales since TN inst, 1920;
stock today, 225, 900 bags OF GU kllos
We have to advise dull and declining
market kilograms lately received from con
suming coun ries have been OF a very depres-
sing nature and owing to the almost total
absence Of demand tor Europe for some
time past stocks have again accumulated
dealers in view of these unfavorable
circumstances have gradually submitted
to q dec inc of 600 10 700 refs
per arrobe, however without inducing
buyers to come forward more freely. Daring
the past day or two moderate business has
been done at the above decline, say on basis
Of about $4,000 @8S8OO per arrooe for good
IfSCS WHICH We uc
sales amount to 76 200 bags as detailed above;
receipts show daily average Of 500 and the
stock to-day is 225, 900 bags.
Total Ciearauces since 23d ultimo, 1874, 154
bags, say New York, 49, 747 Baltimore, ST.
1876; H. r ,ads f. O., "a 4O5; New Orleans,
81, 1887; Mobile Bay +. O., 1920; Galveston.
II, 500; r Edmond. 5000; Savannah, 1873, (of
which SO, 97S since 7th inst.), 272. 4OS. Europe:
North (of which 20, TAG since 9TH inst.), 49,
Tl3; South (of which - ditto). 9O67; else
where (of which 1888 ditto), 1856. Total,
1884, 154 bags.
The Record Of Great Banker.
The late Sir Anthony Rothschild, whose
death at Southampton, England, the cable
announced some time since, was man whose
life could scarcely be said to be an eventiul
one. He was q steady man of business
and quiet country gentleman. He abstained
IRON, onntina To enter the House of Com.