The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-02-02
COIHERCIAL IATTERS. Etc.

CO1IERCIAL HATTERS, Etc.
Last years wheat crop Of California is esti-
mated ct value Of $4,000. 900. and the gold
and silver crop at . million less
The whole expenses of the State of Vermont
for the last fiscal year, including interest on
the State debt, as we'll as payments on the
principal, were $50. 23O.
London demands for her vast population
about 100000 head of beef cattle for her
yearly supply, and this demand is constantly
growing with the amazing rapidity Of her an
nual increase of sixty thousand people.
Imagine it, will you? A living, struggling
mass of cattle, pouring into her markets,
which in year would make line, horn to
tail. over thousand miles long. An army Of
beeves stretching from New York to Chicago
and half way back again Mr.. OK. to the
front Viue le RosbJ.
San Francisco now manufactures fire crack
ers instead of importing them from China.
In two factories with Sic. 900 capital invested
and using raw material to the amount of
$500, fire crackers of the value Of $50, 600
were turned out last year at an expense tor
labor of $4,000.
The Havana journals assert that the sugar
crop will certainly be 80 per cent less than
last year. They also consider the coming
tobacco crop of Vuelta Abajo almost totally
destroyed, owing to the drouth.
For the fiscal year ended with June, 1875,
the total value Of our imports from Cuba was
s66, 745, 527, second only to those from Great
Britain. Our exports to Cuba the same year
were SIS $50, 65S.
Liverpool Cotton Report.
From Messrs. Watts j. Co. g Liverpool cot
ton report, Jan. 14th, we take the following:
The Position etc. Our market rat the mo-
ment seems demoralized. It is difficult to do
business. 1t is not SO much question of
prics, but an absence of buyers. Most per-
sons say cotton is low, but no one seems to
have the courage to buy. This state of af-
fairs is due to the continued large receipts at
the American ports and consequently in
creasing estimates Of the crop, TO the very
large shipments for some weeks past from
America to this port, and to the recent large
import here and pressure in some quarters to
sell cotton declared on contracts, so as to
avoid the trouble and expense of taking de-
livery.
On Saturday last, 9Th inst, public tele-
gram from New York reported that the WASH
ington Agricultural Bureau estimated the
crop at 4,050,OOO to ALSO, 600 bales. This
had q depressing influence on our market;
not that the estimate was larger than those
previously current here, for in fact it was
rather smaller, but it was an increase of about
150, 600 bales on the Bureaus November re-
port Owing to the very large receipts at the
ports and interior towns for the past fortnight,
We should say that crop estimates here now
average fully 1850, 900 bales, and transac-
tions, as Q rule, are doubtless based on even
larger figures.
In our report under date Of 10Th ultimo
We called attention to the position OF our
market for the lower grades Of American cot
ton, and inasmuch as the present crop prom
ises to furnish q very large proportion Of
then Is compared with the better grades.
we noted in our report Of the
7th instant q sale, to arrive. Of shipments from
New Orleans, basis Good Ordinary, at SD per
ID, which was "a under spot Quotations 1T the
time. This looks somewhat like OVERRIDING
the thing by anticipation. There is one point
that should borne in mind: There was but
little demand last spring and summer for the
lower grades of American for the very reason
that the supply was limited, and prices in
relatively dearer than Surats
hence spinners were induced TO use the latter. |
But Good Ordinary Orleans or Uplands at |
about SD per h. if free from So, i or dust, is !
cheaper, We suppose than Surats,
and hence at about such prices We look for |
The demand to run very largely on such |
grades. As to lower grades snch as Ordinary |
down to Inferior, they are generally difficult |
Of sale, and the more particularly is this the |
case when the samples show much sand, etc. |
We have report that some cotton is already |
appearing in the American ports Of such in
erior quality that it can be bought at 40 to &c
per lb. It would perhaps pay we'll to buy
,uch cotton and hold it until next summer |
when freights are low, and then ship here to |
Dc sold in the autumn when stocks here are
It a low point
There is another feature about low era les |
II American cotton deserving Of attention.
t prices for such are for some months to
,ome to rule 30 low as to check the consump-
ion Of Surats, then it may, and doubtless
will, have the effect to check shipments from
Bombay, and if SO. the American crop Of this
eason may disappear even more rapidly than
ny one now supposes In fact there are
lready marked indications that the crop Of
india is not going to come forward as fast
IS expected. The receipts at Bombay for the
'ales, against $1,000, and the ship
nents to Europe to $4,000 against AZ,
NO., same time last year. Moreover,
,rivste telegram received this week from
sombsy, reports that the Cotton Commits
toners for the Bombay Presidency estimates
he crop in the Bsrsrs and Hinghenghaut ct
bout 1000 bales less than last season.
10 such official estimate has, however, yet
'een made public.
At Alexandria the receipts continue very
.rge, and are to latest dates about 10000
ales in excess of same time last year.
The stock of cotton held BY English spin-
ers we now estimate at 1875 600 bales. again {
81, 900 last year and 1884, 600 the year before.
Business Troubles in Cincinnati.
A number Of heavy failures have recently
ccurred in Cincinnati. The most prominent
'ere j. L. Wayne & Co., iron manufacturers,
nd d. T. Woodward & Co., in nearly the
anne line Of business; also, Smith & Meal
inc, commission merchants and large deal.
rs in dried fruit. The Chicago Inter- Ocean
sys:
=" The aggregate liabilities in these three
lilnres is stated to us, by q gentleman from
incinnati, at over $4,000, QUO. In the case Of
L. Wayne 4 Co., as near az We can under