Loudon free press. (Loudon, Tenn.) 1852-1855, 1853-04-02
Commercial.
Commercial correspondence ofthe Free press
New ORLEANS, March 81.

NEW ORLEANS, Marcn Il.
DEAR SIR:-Our Cotton market opened on Monday
last with advance of about &c p ID on almost all
grades, which it has since maintained, with brisk
demand, notwithstanding the advces by the Africa,
which came thro On Monday night, reporting mo-
derate demand in the Liverpool cotton market during
the preceding week. with sales of only 900 bales,
OF which 5000 had been taken on speculation and
5000 for export and that prices had been depressed
closing az slight decline for the midling and lower
grades This though, is here considered only as the
reaction of the decline in our market noticed some
weeks since, and that the advance which since that
time has obtained with US will react favorably in
Liverpool. We quote Inferior 506a; Ordinary It
as; Midling $1,000; Good Midling 92@1O; Mid
ling Fair 1910 1O!; Fair IL. Sales of the week full
ly $3.50 bales CofFee.-The weeks transactions
in this article comprise S,912 bags as follows: 1000
bags at &c p b. 1000 at %, 1852 at g. $50 at SIG,
500 at 90, 500 at 98 These figures show but little
alteration in prices; stock on hand 49, 1928 bags against
33,4S4 time last year, being decrease in stock
of l1G bags But the imports direct and coastwise,
from lst July to date only 245629 bags against
261, 234 bags in periods last year. showing ths
year failing of OF imports, and consequently, of
supply, of is 6l5 bags; from which We may conclude
that present prices likely to be maintained with
but slight variation for the remainder of the season.
Sugar still continues dull-but g. leo Hhds. finding
purchasers last week. Owing to the falling off in
demand but little is coming forward, and present
quotations sustained, from the fact that what is
offered for sale, is in second hands. Quote In
ferior 2l@9; Common 3B@31; Fair to fully Fair 50
@45, decline of fully for all grades lest quo
tations Molasses-Prices of this article range from
17@l9 for sour and fermenting parcels, and 2O@254
for good and prime lots-weeks sales 1880 barrels.
Tobacco.-Rcportcd operations amount to 500 Hhds.
Inferior to Common leaf 5@5i; Fair 52@6; Fine
a g; Choice 62@74. Corn-Is bringing 1905.
Oats 36@3S p bushel sacked Bran sO@S2lc p
100 TBS. Hay 19@S2O p ton. Dried Fruits-Ap-
pies peeled, $l;50; Peaches, unpeeled, $3.50 q bu.
Beans, White, $l:75@2 q bushel, and few coming
forward. Feathers-But few in market and are held
at 48c q ID. Salt, Liverpool, 75@76 p sack. Ba-
con-Shoulders 53@52, Sides, ribbed, 7B@7l do.
clear, S@9; Hams H. Lard, prime in barrels and
terccs 85@9, in kegs TO- Butter, Wesena, l2l@
II. Cheese, Western, 9@94. Grass Bags % each.
Exchange on New York sight 4@s, and 60 day bills
l1@l2 p cent. discount. Hemp is an article which
would be glad to see your Farmers make al expert
ment in the way Of raising. Whether ,cater or dry
rotted, it always commands high price. 1t isl
ticle which in growing it, l understand does not ex
haust the sofia half ton of it is produced to the
acre; and when in market brings high price, and
pays the farmer much more per acre than any other
crop. have seen no sales of this article reported
lately, but water rottod hemp, usually brings in this
market 5000 S2lO per ton. As large crop Of
corn and other grain be raised with, as without
this crop, the labor of cutting and rotting it coming
round after the crop is laid by. 1t lis but few
years since Missouri commenced its cultivation and
it is now one Of her principal staples. The bounti
ful supply Of running water to be found in every
part of East Tennessee would indicate that section
as being wel adapted to the production Of the water
rotted article, any creek affords the requisite ia
cilites for this operation. If by little additional
labor few acres of ground can be made to produce
each $780, it is certainly better than relying as you
now do exclusively in a corn crop. Could your far
mers only be induced to give hemp fair trial as a
crop, 1t would not be many years thereafter until
the exports of East Tennessee would greatly exceed
those of the middle division of the State. Their
boosted Cotton and Tobacco crops would not compare
in value with your crop of hemp.
Respectfully,
T. S. TEMPLE,
Conunissiop ard Forwarding Merchant,
NJ.i5 Camp street, Ne1u Orleans.