The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-10-04

New Orleans.
Correspondence OF the Hersld.l
New ORLEANS, Sept. Is, 1872
Trade Weather Cotton Fyght--Ncrs


Trade Weather. Cotton Fight-Ners
After two weeks of almost continual rain we
again have fine clear weather, and we may now
expect more activity in our market, though receipts
OF cotton will be somewhat retarded by the rains,
which have prevented the planters from picking.
| The transactions OF the week are near $500
bales, which is small for u.s. though larger than for
any week in the last two menths. Prices are barely
| sustained. Ordinary CENTS mlddng cents, fair
oto 81 cents. No fine cotton in market. Two
weeks OF fine weather will ripen the sugar cane
| fast, and the grinding probably will commence
about the 18th Oct. But little doing now in sugar.
Produce from the upper country arrives freely, with
the exception of beef and pork, which they cannot
pack before the last OF October, and it will APP
pear in market here III any quantity before Novem-
ber Flour is dull 3 20, and the supply greater
than the demand Northern goods have been very
dull since this month came In but demand will soon
spring up tor them. Ships are wanted and my OPT
MON is, they may expect fair business the coming
season, as the quantity OF produce 10 be shipped Is
larger than usual, for we shall receive more from
the upper country than we ever did IN one season
before.
Exchange dull. London per cent prem. France
Of SOC. New York, 90 days, 3 to 81 per cent. dis
count sight, to per cent. discount. Bank notes
have generally improved, as have, also, munich
pality.
Seine operations took place yesterday among the
brokers. -Four OF them, In Common street, having
dispute about some money operation, rushed INTO
the street In front OF their Offices opposite the Cltv
Hotel, and entered into the brokerage business on
a new plan AS there is now not much to break IN
the way OF banks and merchants, they undertook
to break each others heads, and tor that purpose
formed partnership In a general milling business,
The men were all fresh, and in fact appeared
rather green at the business, though they came
up TO the scratch" with good deal OF spirit.
/ don't know how many rounds they fought as
they had round-a. bout way of doing the busi-
ness and though they have been dealing in ex-
changes for several years, they did not appear
TO have been in the habit of settling their diff
erences in such hard currency They all show
ed a great desire to possess themselves OF their
been dishonored. One drew at sight on another,
and the draft was promptly paid In caret, which APP
peared to be even in more demand than specie
Operations continued pretty brisk for some time,
with decidedly mark ed improvement IN the busl-
ness as the face OF affairs plainly showed They
drew on each other freely, and for some lime ac-
ceptances were not refused and though they are all
considered honest men, they showed a great dlspo-
stion to thrust their hands into each others chests
and were found not so upright as they had been con-
sidered before. One of them, who had been heavy
aher, lost balance and fell into the gutter, where
he lay and showed no disposition to operate further
Business continued very active with the other firm
who were strong holders, and who drew and paid
with great promptness, till on one'sshowng dispo-
sltion to gouge, one of the by-sanders cried out
"par them, no., said another, 'gougng is thesr
buslness-they are licensed to do it, haven't they
been gOuglng us all summer IN bank and munich
paty notes p 'They are all brokers' said another
81 don't care which beats" So they were per-
mitted to mill each other and engage in any fancy
operations they chose-such as polishing ivory,
pulling wool, &c, and making some little business
for the tailors when after time, there being less
activity in the market, bills being offered and taken
with much less readiness, the dealers withdrew,
their stocks being much reduced. | did not note
the time but Short there being but little credit
now, operators inclined to pay down on the spot
in hard currency.
No increase in the fever.