The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1869-01-08

)rted 553s oaies ana one shipload. Exports l43
PoRK-We have toreport another very animated
market to-day. Upwards OF 1923 barrels have
been sold at advanced figures. The riss is caused
by speculative demand, anticipating still higher
figures. and di patches from the West. In st.
Louis II is selling at $50 per barrel: The prices
have still an upward tendency, aud the general
impression is that sSl will be realized within
day or two. The sales are divided as follows:
100 bbs and 400 do. in small lots at $50 % 400
do. at sac s73; 400, co. 376, 200. AGO. 217, 60, so
and 400 bbls at $50 T; $50 bbs. to arrive, at $50;
100 bbls, $50 Is; So pbls. rump Pork SIS z Dbl;
100 bbls, private TERMS Ii Is now held al $50 oVS
wholesale, and is retailing at s3l. Receipts TO-
day, lac barrels. No exports.
BAcoN-Is in fair jobbing demand and prices
are higher. Stock lie light Westera adyices do
noting an increase in figures there have caused the
advance here. Shoulders are held this evening at
l42@l5c.; rib 174c. clear rib sides ls3@lslc.;
casks shoulders at l4lc. 5 casks Of clear sides
1910. Receipts to-day lib hbds., II terces, Is
boxes. Exports so tierces. Breakfast bacon e
quoted at 17Ql9c. Hams, sugar cured, canvased,
new 20@2lc.; old. l6@l7c.
LARD~Is very firm at the advance. so terces
common sold to-day at ls4c.; rs kegs l9tc; 20
kegs zee. The market. IL now quoted at 100 1880.
for tierces and zoe. for kegs Kegs are retailing
at 2O3c. Receipts ia tierces and $50 kegs.
DRY SALT MEArs-Are In light supply and ad.
vanced. Shoulders are now quoted at l2lGl3c:,
wholesale. 8 casks sold to-day at l24c. Rib Is
quoted at l43@l5c., clear sides lac. .,o,.. =.
So rs u Dbl. Retas at "a u Dbl. so and 90 bbls.
WHIsKY-Is quiet end less firm; Western recti-
fed is quoted at 81 l24@l Is, proof 81 Is, Bour-
bon 81 5O@l, according to age and quality. Is
| and 10 bbls. Western rectifed sold to-day at
| 81 Is, so do. at 81 ia.
l0c.; 43 bbls and SO sacks sold on levee to-day at
| Gao. Peaches are in good request at l0@l2c.
EGGs-Continued large supplies serve TO keep
prices down. Fresh are selling to-day from land
= on ~, fro ,,ofop NJ QS0 md
-; FfBS 81 '0'' . u0A' ''n ''''' - ''''' '-- '
CorroN SEED Continues to sell as landed at SIS
| o ton.
No. 2, 1902 so !; common 81 40. Tar in good re-
quest for 40 gallon barrels at 50. Pitch - 10
| d Dbl.
Oms-Rosln s5c. . gallon. Linseed 81 ls@l 20
| % gallon. Cotton seed-sl@l 05 for refined;
| crude soc. g gallon. Lard 81 400l go % gallon.
MALT AND HoPs-No call for inferior; good in
| fair request. The market is overstocked with IN
ferior quality Western 81 1902 ,S q 1902 80
| choice new Wisconsin; old has no call.
FREIGHTs-The amount Of dsengaged tonnage
in port has, within the past few days, been consid-
| eraby reduced. and captains of vessels are hold
Jig for higher rates. which may be reached should
the large sales of Cotton for foreign exports con-
| tinue. The demand for coastwise ports has been
| quite active, and we would refer to the following
| ss a fair index of the business doing, VIZ:
Cotton by steam to Liverpool Id: % h.. by sail
| 9.l6d. for filing up vessels, while 1924. ia the
rate for consgnments; e. los % hid. for Tobacco;
As. q Dbl. for Flour and l2QlSd. bushe for Corn;
| Oil Cake at 35s. % ton. Cotton by sail to Havre
| / 3.l6c. % h. Cotton TOT Bremen l4c. Cotton
by steam to New York t@lic. u n; Tobacco $40
u hid; Flour 81 u Dbl. ; Corn 20G2lc. bushel.
Cotton by steam to Boston &c.,; Flour 81 y Dbl;
Corn l5622c. q bushel. Cotton by steam to Phila-
deIphia lc % b.; Flour sOc u Dbl. Through rates
to Hamburg by steam via New York I'D for Cot
ton. Cotton by steam to Bremen ID. Cotton by
sail to Boston tic. Molasses by steam to New
York 50 so. Sugar by do. to do. IS. Molasses to
Boston 50 d Dbl.
| SALEs T0-NIGHr AT THE MERCHANTS AND AUc-
TONER'S ExCHANGE-5O bbls. imess Pork at
$50 37S, so bbls. superfne Flour at 81 62t, 90
bbls. Whisky on private terms, SO tierces Lard az
l9c.. So do. prime at l94c, and 20 DO. CONDITIONAL
at 1890.
Our wEALrH.-The Atlantic seaboard of the
United States extends about $500 miles, and the
Mississippi and its tributaries open up an inland
| navigation of 10000 miles, upon the bosom OF
| which is now floating an amount OF commerce
three times as great in value as the whole foreign
commerce of the country. In former times the
trade with foreign ports was looked upon as our
most important interest. II is now dwarted by
duce for domestic markets. In $780, the entire
product of the United States was sl,906, O,OOO-
Its exports were less than one fifth OF this amount,
leaving four-fifths to be exchanged between the
States. 1t has been said that at the present time,
not more than one fifteenth OF the business OF
New York city is based upon foreign commerce.
The Mississippi drains 1885, 900 square miles,
| more
miles in the United States, and the surface con-
| taips 768 600 600 acres of the finest land in the
| world. Ii has space for $50 States OF the size OF
| Massachusetts, and were its population In the
same proportion II would contain more than i've
times the present population OF the whole United
States. At this time not more than one acre IN
five is under cultivation, and the vast resources of
coal and mineral have hardly begun to be fairly
, | deyeloped. The fourteen States which comprise
this region claim Though this is without reasonl
| that they pay more than onehalf the taxes. and
that they work more than half the improved iand
r and have q majority of the population OF the
| United States. The value of the annual com
| merce of the Mississippi is estimated at 1000,
OO0, 000 and the agricultural bureau, baslng III
I | calculations upon past results estimates that II
the year 1900 the cereal products of the West viii
| amount to more than 900 100000.
2 The value of crops, as well as of the pro
|. auctions of the mines and the forest, depend
mainly on facilities for transportation, either nat
ural or artificial. The Mississippi Is but one OF the
outlets of the vast region through which II passes
Il The great lakes open wide belt OF this country
and canals and railroads bring almost every farm
within easy distance of natural navigation. Th'
estimated cost of conveying ton OF merchandise
mile on the ocean Ia from half q cent to one ant
half cents on the lakes two cents on the rive
| two and threefourth cents on the canals two u
five cents, and on the railroads from three !.
= | thirteen and half cents. of the amount o.
= grain received at Chicago IS per cent. comes BY
railway but from that only 10 pericentis sent Eas
4 by railroads. whilst 80 per cent 10 sent BY the
i | lakes. The merchants, manufacturers and con
n sumers of the East have an interest In reducing
the cost of transportation to the lowest possible
point, and this can be most easily affected by Inn
Z proving the communications. Cheap transporta
ton is vital necessity to our whole country, and
IL II Is secured, the resources OF the vast and FER
tile regions even further West will be DEVELOPS
= as surely as time endures, and more rapidly thai
/ or.ff rv,o rfpn- q