The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-04-22

From the Commercial Bulls.iE-l

Jommercfal .|
We have been kindly placed IN possession OF
the following letter from II. ID. Walbridge a Co.,
commission merchants, New York. to j. L. Bur-
deau, Esq, of the Mississippi Valley rransporta-
ton Line. Ii shows that corn has been received
from ST. Louis to New York In such msgnih-
cent condition that il has been at once for,
warded TO the Canary Islands. of the coast of
Africa. Messrs. Wabridge seem perfectly con-
vnced that this trade will be success during the
winter and spring months. They may be sur
prised TO learn that some of our most experienced
shippers think it will go forward ia better oond-
ton during the hot and dry months than in the
more humid season. Any way We are assured
the experiment will be made this sumner by one
Of the most saeacious men IN the trade. We sub
join the letter, which affords much encouragement
10. the present depressed state Of our political
Affairs en- W a f.r.
New YORK, April IA, 1868.
J. 7. Burdeau, Esq, New Orleans:
Dear Sir-We have 70 thank you for your
promptresponse TO our letter of the Sd, to hand
this morning. and also for information of condition
and disposition making OF consignments TO our
address. We have advices from the West of ship
ments TO us 10 process. and We trust that by next
autumn the necessary connections and facilities
vii, have been established TO insure dispatch aud
precision 10 the movement of bulk grain via your
port II Is the most natural route, and can there
fore be made the cheapest one for the produce of
the upper Mississippi and its tributaries at certain
seasons, or in other words. when the rigors of tue
North and heat OF the South render it safe aud
practicable. rft,. f1sH
The Crescent City cargo (the yellow corn)
reached US In magnificent condition. and com.
manded the top Of the market, a portion of il be-
ing reshipped by sail in bulk for the Canary
Islands, of the coast Of Africa. which demon-
strates the cheapness and safety Of the New Or
leans route in March for bulk grain shipped in
order. ia.
Our grain stocks are working lower and prom
Use 70 be well cleared of before those lodged on
the eastern division OF the Erie Canal since last
come 10 hand, say LIST 10 10th May, which 10 their
turn VIII disappear before supplies in force reach
us from the upper lakes, which are not expected
10 arrive before June, es they are likely to be re-
tarded by the wretched condition of the canal.
and also by the controversy at Chicago and Mil
waukie between vessel owners add shippers as
regards the responsibility of the former for short
ages, the vessel owners refusing 20 sign bills of
lading rendering them liable, and shippers. on the
other hand, refusing to ship unless that clause is
inserted; hence there is little doing at present,
though the Straits Of Macknac are reported open.
However. the difficulty will doubtless soon be adj
jasted and the stuff begin To move freely.
We anticipate steady active markets without
violent fluctuations, as the exhaustion in Western
Europe generally will prevent Great Britain from
lowering prices materially or permanently, as the
present extraordinary elevation there is not suf-
hciently high 10 prevent Continental countries
from drawing supplies from England direct, aud
divertng those on the way TO her from the Black
Sea. The food question on the other side is COZ
sidered critical by some of the most able and re-
liable men engaged in the breadstuhs trade, and
should the exhaustion of old grain stock prove as
great and universal as Is apprehended In many
well-lnformed quarters, July and August may wit
hess quite as high and possibly higher prices than
May OF June. -. -.
Always pleased to hear from you asto condition
OF shipments and movements OF grain at your port
and If we can at any time furnish you with desir.
able information from this point, command US.
Yours truly II. ID. wALBRTD3E co.