, 1869-05-21

THURSDAY EvKxnso. Nay n
s'Se nnd the following. pablished with conaderz-
bic display Of type In the New Orleans PtooyHae
Of the 18th:
1ss Ing lassss r., esse p, which ~ pssnses ser
single vessel xxs lhls tay delivered !. our
whaNea l. thsi Of The townoat Nohaxk x,:a
s:,!os bushels oi wheat Ia nui1
,as g 81 eass
Va sssn Of CATS.
6,48 " .of corn.
s,fsS barrels OF nour.
81 hpE6heAds Of tobacco ....-.....
g He1r Is one single lact which speaxs-mora eio-
goentiy than ~ The speeches which could b De
Nsefsd or Al the articles that could be rr.tten to
poTtatlon over thai Of the lakea, canals and Fa1-
rnads OF the West and North ,"
In ths above tnere Is 1 Little lasa than hundred
thousand a.aae's Of gram altogether, besides the
noor and tobacco, ana Is, unqucst3onanly, largo
cargo; but the concLTn arrived II by the
heayuns-hat because II Il largo cargo Il de-
u,oasuates the superiority Of rver transportation
orc1 that Of the lakes-is a,surd TIE superiority |
Of dderen. routes Of transportation Is deter |
mined by the two elements Of expense and uuc-
Oar drst-class pro3eueIs and sail vessels, sailing |
out Of this port, c1rry from seventy to eighty
thousand bushels OF gratn II bulk, and In hull
instead Of hI, and NC venture TO Assert that the
c1pense per bushel per mile Ia less b5 this cla8s Of
vessels than By ba.ses towed By steamboats, With
e1perl!ye engines On the Aiasl.Appl River, as the
expense Of towing these SIX barXes LICK 70 the
original starting pollt seTenteen hundred niles,
against the current, and occupying At least three
weeks for that alone, must be taken into the &C.
count II Is unnecessary to 60 ioro ngusrs ot
present TO prove tha: this barge enterprise Of st.
Louis is not practicable bet xeen .Sew Orleans AID
apy rout at any considerable distance above
St. Loua. Itt had been possible that the same
class Of navigation could be successfully extended
further up the Mississippi than St Louis, that cleJ
would not hare been bullt where 1t Is,
| but would have been 1t the terminus Of
that class OF navigation. The tupracttesn!lty OF
the enterprts, wu demonstrate iisen to the poc1-
etS OF those who originated IL before long. The
real point OF Interest In the item Eiyen above is,
however, In the taet that this nine thousand ba1-
| rels Of -four and hundred thousand hoshels OF
| grain should have gone 70 New Orleans 1t al, on
| it, way TO either New YORK or liverpool Lsnstng,
,he town from which this Cargo vent 10 New Or
| leans. is about TWO hundred miles northwest Of
Chicago, tui Is not connected with 1t or any other
CITY by rail, being forty miles north OF the tetnl"
| nus Of the pra1rie d1 Chen Railroad,
anil bat for which the cargo In Ques-
tiUn would not have gone from there II
all; but lansing had been connected
BY Tail With lls nearest railroad station, would hare
probably gone to Milwaukee long asu. Sew, a.
| though there VIA pfob1hly not ouahei Of wheat
l
| won!d hare come 10 Chicago II there had been no
| .harge movement On the Mississippi. We ukc on
QeDefal PRINCIPLES to commend such facts as this
shipment the consideration VI the ratlroal cota-
| rAnies, whose charges for Transporting nt4ht
| f4om the West to Chicago are unqucsttoaaoJ TOO
h{7h and Also 10 the consideration Of our elevator
men wnose equally high charges and more mn.
| satisfactory mode OF managing the grading o.
| gruln here gives them bad name IN the coontr!.
| it hAs been demonstrated that. rsilroaas can
| carry wheat oEer route Of q thous2ni nics for
| shout three and a-haN cents per buseei per nun
| dre.i :nile@, anl make profit on It. and though
! the kAue cannot be done on short ;uutes. = much
nearer approach ean be male to than the PRES
ept rates Of freight from the West to Chicago.
j | But, thrre Is one other phase OF this barge
! movement - 1t Is callet, that has some
I1tcres., viz: Daes il Aelp ST. L'un, where
. the barge enterprise orig11Ated. We do not
KNOW Il this shipment WAS ose OF the purchases o.
= | tho st Louis Grain Asaoclsdoa. but II l. eFlde0t
+ that such shipmcntH - tic one here referred te
+ not only do not help her, commercially, oat acta
ally in)ure her business, IS her merchants and the
a oHners Of the Upper Mississippi packet lnea sut
Z her elevator company xi discover, TO thclr cost
n Lansing, where this shipment came from, Ike l
:, creet many other toHns on the M!ssisslppi Is
X | nlacc where St, Laus boats would have had III
competitors for the transportation Of tue pro1uc
TO a market, because there Il 10 railroad nra
"a enough TO compete, and, until there was such
y connection, PAT, at least OF this cargo wooI
= have gone to =. Louis, her elevator would har
received pay or storing the grain her conuatss:o
s. men would anye received commissions o. its al
y y end transltpinenr, a1d her merchants migt
+ have so!4 SONG OF The groceries tA1t vi
Vi 70 bak In pay for thh psodac'
but ,ast.ad OF this whatever Of this bustneas sh
~ might have done Is transferred TO New Orleans
L last Is though NC IN Chicago should cncoufag
~ f+orf to In f1y 81
- 80 .h1t al the c1rs loaded nj the est might Viii
Iii through tho city without stopplnE On their way
Sc9 Yotk, and We stand b. and Congratulate OF,
IN | s4.ycs that We were beating St LoutA II woul
u liz mid expression TO cali such 3 policy stupid
1g foolish, and we give St Louis merchants CedA I
enough commercial sense 10 perceive that tn
ne pat OF the charge movement" II least, Ia mo
-, | th.n they hargalned fol. .....
The demand for money IN the local nusfkei CO
In | tiutes only moderately active. The baakA
%, tending freely to- al approved borrowers At ten
u ! ceut but DO bot ind use for ali thelr su1pl
ssE | fuu.ts.
The movements Of currency were unimpor:a
~ | today.
Exchange VIA sold at &c and at Soc per SIX
-, discount between banks to-day, the latter bel
~ the ruling rate. BANKERS are taking OF theF Ct
tume.s, II the counter, AT lilo discount
straight sight bills On New York. and y OF
grain l,IlS AMI are selling New, York funia II
rIrEatun- -........- 49,
~ The Lou3on quotation Tor bonds to-day, '
~. agalast 49,. yesterday, the decline OIL
In tnaI market shuM tug that the unfavorahle g
hi1on Of alIaIrs, &s noteA yesterday, cont!nu
ers' Irthc Erv, y,re market thc prtcc Of bonds
! IN alyanr,-d. equal to IN Average Of about s;c
ree- | .ns n.t,Ie liar xhrh ia s,.nut IN accor,t.
NY With the higher range Of Eo!t to-day. YesteEs
'ho tAc average ol the gn!1 quotations was 1saS. VI
Aoa to-lsyn wss about ~. The operations OF
l'cn Nsw York gold speculatoss, who always lotn
'ces With the natural course Of events and double
the n,,,,,,,, ennc1a ri, NJ cnnr.e MAXI wtdn nrct
cre- n ~ - -, ~ -, ,.,,n hnnt. -. ,.,1I
ting Deoacts quotanons for ouIt.lg aud selling
b TO eralcut noptis local stocks gold and a1lyel
| Ill. II arkef this aifsruoOu Xcrt rs fQlIoMa.