The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-10-15
Correspondence Of the Herald.l
New ORLEANS, Oct. o, lsi2

New ORLEANS, Oct. 6, 1912.
sIHs -
Since nv last three days ago we have been favored
with fine weather operations The sales OF
cotton amount $500 bales and the market closed last
evening" dull q decline OF making decline Oh iully
cent per pound since LIST september Since my last the
stock sale has been increased 500 bales us now
pay for cotton as the demand for exchange very light,
aud has further declined sterling is now at par New
York 60 days. g. per cent discount light to pr cent
discount As vet but goods from the North and Ea-
rope selling consequently there is but little TO remit
and hence the sight demand Tor exchange In all proba-
biliy the rates will go still lower and cotton will still fur
ther till specie arrives or demand for exchange
springs up TO such an extent as 70 enable purchasers to
operate more favorably Specie is what We want, and
your capitalists could not do better than send II here
invest bills based on shipments Of cotton now quote
cotton ordinary cents middling 81 to cents fair cents
good fair 81 cents. The "Georgiana from Liverpool
brought yesterday $4,000 which good operation as il
is to vested in cotton and the purchasers will save
about per difference in exchange and this amount is
equal per pound on cotton Spectators have taken
up what little sugar remained the coasts and il has FUR
Their advanced cent which is q full on the prices of
LIST September They selling TO grocers in mar
cells Of to 10 hhds at 81 cents for prime The
usual at this is very light In flour there has
been considerable activity the sales in the last days
amounting to 1000 bb which exceeds the receipts Last
sale at So 81 which an advance of ia cents and
holders are firm at 50 so. My impression is that
arrival of few thousand barrels will recede to So 2
four days for Mexico and the West Indies Nothing has
been done in provisions worthy Of note excepting some
ing represented that market bare of the article quote
1T now at to cents which is an advance. At
ton sale yesterday 100 shares Of Gas Bank stocks $3.50
paid) offered but had bidders, and withdrawn
The cargo ship Ralto from Marses offered at auc
ton last evening The terms of SALE specie before deve
ry 50cases roll birthstone sold at cents so baskets Of
oil at SO so; 500 boxes lemons offered Sale stopped
at S. and afterwards sold private sale at IS
so. The sale of almonds stopped at cents. Clare
and wine cases. CASTLE soap were offered but
had bidders cargo of about 5000 boxes lemons is
expected in four five days. from Sicily The cash du
ty system operates hard with the importers of moderate
means most of whom will be obliged to sell part OF their
goods auction Immediately arrival in order to raise
tn thp lptln A 1axc osp
mine received carg, from France, which the duties
amounted to $4,000 and tie freight to SO OOO making
cash payment Of $4,000, cargo from which he can
not realize the money in three months unless business
should improve very much. II would have been verv
convenient to our merchants Congress had established
the warehousng system but it would appear that one
object Of the late Tariff BILL restrict commerce as
much possible and to protect manufacturers
pense Of every other interest.
Yours LOUISIANA