New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-18
rHE coxrNe BusrNEss SEASON.

Official estimates set down the incom-
ling cotton crop of this State at an ad.
vance of eight per cent over that of last
year. Other States contributary to this
cotton market, Arkansas, Tennessee,
Mississippi and Texas, will probably ag-
gregate an average of about as much OF
more. We might be justified in adding
seven per cent for natural increase Of re-
ceipts by legitimate diversions from lines
of transportation to other cites. In such a
case we may expect to receive at least
1850, 900 bales, perhaps million and hall
before the first Of September, 1871. This
will be an advance of 100 per cent on the
receipts Of last year. This great increase
will necessarily involve a corresponding
increase in business in this city. May We
also hope that there vii! be no diminution
of liberality on the part of middle men
toward the planters. Perhaps our factors
and owners of cotton presses and ware
houses and weighers have already reduced
their charges to the lowest point compati-
BILE with safety. But at all events, every
fraction saved on the bill Of charges is an
inducement offered to producers to send
in their cotton.
There will be also material increase
in the sugar crop, but it is too early to
state the probable figures. We have heard
estimates of from $50, 600 to 200, 600 hhds
I,ae growing cane is excellent beyond
precedent for many years, and there has
been an increase in acreage; but as the
cultivation is yet confined to onlya small
| portion of the State, more cane will be
saved for seed next year than usual. The
business Of sugar planting is so largely on
the increase, that the demand for seed
| cane is great and will absorb a considera-
BILE portion of the crop for two or three
years to come.
Our banks are already preparing to
supply their customers with currency to
move these great crops, and the money
market is stringent as consequence. 1t
is thought by some of our people that
this policy Of contraction is inaugurated
too soon in the season, and that it results
in compelling business men, who Wa Mt
accommodations, to pay exceptional and
exorbitant rates of interest. And this,
too, when several millions are lying idle
in the bank vaults. Be this as it may,
greater volume Of currency than ever be-
fore employed will be needed to move the
incoming crops of cotton and sugar, be-
sides what may be necessary for the in
creased business We look for from the
Northwest.
We have six weeks political campaign
before US, which may retard somewhat
the opening of the fail trade. The sud
den appearance Of yellow fever may also
But these checks will soon pass away, and
operate to our detriment temporarily.
will not. at the worst, We trust, prove to
be very formid 'e. By the middle OF
November our cl., will be full OF visitors,
without, perhaps a single frst-class hotel
for their accommodation. This branch Of
industry has been most shamefully neg
lected in former years, and threatens to
fall through altogether, at last. There is
no time to spare if We are to have ample
hotel facilities. The old ST. Charles
appears to have been turned into ware
house for lot of old furniture, valued by
the owner at 100000, and by one or
two gentlemen who had some thought Of
buying it, at about S25, 600. 1t would
probably be dear bargain at any price
class hotel. While the theaters, coffee
houses, wholesale and retail stores, and
other business places are being put in
readiness, it is very singular that no one
can be found willing to undertake to
run hotel or two. River men
are getting out their new steamers, the
directory of the jackson railroad are
making great extensions to their facilities,
the Chattanooga railroad will be COM
pleted to Mobile by the first Of October,
and work will then be commenced on the
west side of the river, with view to an
immediate completion of the road to
Texas. There will be, in short, such an
awakening within the next six or eight
weeks as this people never savior even
the very oldest and best citizen ever
dreamed of seeing.
The war in Europe will be settled, with
out doubt, before Christmas, and the con-
tinent opened to trade as freely as ever.
This will create a season of great activity,
to make up for the time lost in fighting
We expect to receive direct benefit from
this renewed impetus, which will be felt
by all classes in the State. For Louisiana
now belongs to its own citizens, and
every man will receive more or less bene-
fit from every windfall that fortune may
send in this direction. Careful men may
therefore prepare for activity, plenty to
attend to and satisfactory profits.
PROGRESS AGAINST PREJUDICE.
"And row," said Sergeant Timid, after
Buzfuz had concluded his well rounded