The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-05-23
Tee Great Water Route for Westera g rain.
Strong Interest Mnntfested in New York.
La creased speed OF fTransportation.

The wideawake commercial editor Of the Sc.
Louis Democrat, writing on the 18th, says:
We noticed Mr.. Alex. B. Morean, formerly q
well.known commission merchant of this city,
now with ii. d. Walbridge & Co., New York, on
Change to-day. BE reports strong interest
route for grain down the Mississippi and around
the gulf and has learned since his arrival that the
last shipment of wheat from ST. Louis to New
York, IL 600 bushels, was received there in
No. order, being only seventeen days in transit
portion Of II has been sold at 50 45 per bushel.
This wheat was graded here as No. 2, but sold at
lOc. above the Chicago quotation for No. made
on the same day. Some of our most experienced
grain men in New York are now fully satisfied
that grain can be shipped via New Orleans at all
seasons OF the year without damage, provided IL
leaves here dry and well cleaned. Steamers run.
ming between New York and New Orleans have
arranged bins Tor bulk grain, and, if necessary
will put on more boats, that this new route will
not only be cheap, but expeditions. The several
shipments of corn already received have been in
good order, and 10 everyinstance brought the very
highest market price. 1t viii be seen that each
trial cargo develops some new advantage gained,
which, once acquired, can never be lost, The
first cargo consumed % days in time, the next 90.
the next Is, this one IL days. and cheaper freight
and cheaper rates OF Insurance have been OBJ
tanned with each cargo. In all cases money has
been made, which, after all, is the chief end of
oil enterprises, and money will continue to be
made, and plenty of it, from now forward, az long
as the rivers iun to the gulf, in shipping grain
over the great water route to the markets Of the
world. Wei may Chicago manifest her alarm
She hides her feelings well but the fire is in her
yitals, and will occasionally find vent Every
COW and then pops up the nose Of the cat from
beneath the innocently appearing meahesp. Chi
cagO confesses tina. abe cannot afford to have her
grain trade diverted from NO. but how, IN ta6
name of sense, can she prevent III She cannot
build Mississippi river nor a Gulf Of saxic0.
her lakes will freeze up, and her only show is to
pull up her hollow houses and come down here
and settle. Even the trick Of the railroad COM
panies, and their cooperating steamboat lines,
who appear to be running exclusively for the
benefit of Chicago commission merchants, in buy-
ing up wheat along the upper Mississippi at Chi
cago prices and bringing il to market for next to
nothing, won't save her. for that kind of business
don't pay.
We have often thought it strange that our re-
ceipts Of wheat have not increased, as we were
informed from pretty reliable sources that the re-
ceipts along the upper Mississippi from McGregor
TO st. Paul were very heavy, aggregating SO, 900
bushels daily for two weeks past, and as our mar
ket has ranged from five to ten cents higher than
milwaukee, and Chicago, and heights were COM
parativey lower to St. Louis than to either Of the
other cities, II looked very strange. One of our
commission houses was to-day in receipt Of a let
ter from one of their correspondents, which ex-
plains the matter fully. He says: The writer
has just returned home to day, after thoroughly
canvassiDg the river towns up TO Minneapolis.
lie found state of affairs up there such as he
has not known in that section during his whole
experience. The nominal freight on wheat from
McGregOr and points above is twelve to fifteen
cents per bushel to Chicago and Milwaukee, but
the representatives Of the Illinois Central Rail-
road, the Chicago and North western Railway and
the Milwaukee and st. Paul Railroad, and their
respective connecting steamboat lines, are buying
up all the wheat receipts at prices only l0GlI2c.
per bushe under Chicago and Milwaukee prices.
II wefonsider insurance, commission, exchange,
interest, shIinkage, ETC., the steamboat and rail-
road lines Jointly do not get over 6Gsc. per
bushel for fTeights from as far up as st. Paul to
Chicago and Milwaukee. The first start Of the
triangular war was the animOsty existing be-
tween the two first named roads, then the third
had to come In as neutral % party, and now it
looks as though the only railroad or steamboat
line touching the upper river which does not deal
directly or indirectly in wheat is the Northern
line. No chance for st. Louis man to make any
money up there this year"
OF course the railroads, like the Kilkenny cats.
viii have to stop fighting soon, for want of the
material, and then st. Louis will show the lake
cities how wide awake she has become. We can
always afford to pay at least sc. per bushel more
than they can for wheat TO export II TO New York,
but when there Is milling demand, or any ex-
port business to Europe, we can afford to pay
l0c. per bushel more than they can as eur freghts
70 New Orleans are 30 much cheaper than theirs
We are pleased to hear that our Northern line
people are ssttendiDg TO their legitimate busi-
Of common carriers-and in the end
We feel confident il will pay them better (nO mat
tber how low they put their freight chsrges) than
If they started in as graln-buyers The merchanta
up the river, when this cruel war Is over" will
be sure TO patronize the market and the line that,
did not interfere in their business.
In the hurricane that visited Attala c.untv