New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-08-31

| ment OF cotton by a ship of one of
| these lines, was delivered at Liverpool
| before the presentation Of the bill Of
! exchange drawn upon it, which had been
| forwarded by mail via New York. With
| such ample and satisfactory provision for the
| accommodation OF shippers and importers at
| moderate rates of freight, the entire foreign
| business Of the Mississippi valley should
| be done through this port, thereby enabling
| ship owners and others engaged in the
| trade, by more liberal patronage, TO enlarge
| their tonnage and adopt other measures to
! increase their accommodations for the pub
| lie benefit But while such ample facilities
] are furnished il our exterior commerce, it
! is manifest that there is room for
/ improvement in our river trade, i'll
| cheapeniug transportation from the
! interior by barges or steamers SpC-
cially adapted TO carrying freight at the
lowest possible rates. With regard 70
| sugar, mOiasscs and rice the decrease must
! he exclusively attributed to short crops
! When we pass 10 Western produce we find
! an encouraging increase in tobacco against
| a decrease in competing markets, showing
a satisfactory progress toward the recovery
| OF our tOImer trade in this important az
! tiCle. This favorable e-alt is owing mainly
! 70 the peculiar advantage, offered BY our
! climate, which eDtitle his port to the mo-
| uogJly Of the Western trade bat must also
| Uc ascTibea, il no inCOnslderaple degree to
| the enterprise. sagacItY ana HDer9ltY Oi
! the factors engaged in the trade In order
to fully re-esJa5-ish this branch ot our
| commerce it is necessary that We should
unite the apparently inconsistent qualities
! oi being the best purchasing a well as the
| most advantageous selling market, 20 at
| tract purchasers from abroad, Lille we in
| wife cOnsIgnment7 from the West, and 10
| satisfy both foreign BUYERS and domestic
| shippers. But, although apparently in
f., gtl M fA.svF /.
\ couciled by the admitted and very
important advantages Of our climate
| the improvement OF the tobacco III is
| passage through the gulf economy IN
treights, and factors asking no more than
fair prices compared with other markets,
and ON the other hand by the latter resO-
| iutely adheTing 10 as remuneTative rates as
| can be obtained elsewhere and by economy
in all local charges as well as by continuing
| 10 deserve the golden opinions they have
| won i'll the West by their pTOmptitude
fidelity and Judgment. The increase in the
receipts Of both sacked and bulk corn, es-
| pecially he latter, shows an important adj
! vance in the trade. In this connection il
| must bC observed that at the tine when we
had the most ample supply Of tonnage
| both steam and sail, and rates had
declined to unusually low figures
many vessels arriving here with an
| express view 10 grain freights, the ar
| rivals of corn were barely sufficient to
| meet the local demand. Steamship after
steamship consequently cleared without a
| bushel as freight, and sailing vessels, hope
| less of obtaining grain odrgOes, loaded with
! cotton, or sought remuneTatiyc tTCigbts in
other ports. When, later in the year, the
| supplies increased they met with scarcity
! OF vessels, and, OF course, an advance in
rates, making a difference Of I a DC {. bushel
a caiust the shipper. It IS to be hoped that
fFIg iUfip m no +pat ID yr-flI ha
moved, and that when treights are low and
! tonnage plentiful, the West will be ready
| to avail itself Of the opportunity and push
| forward its surplus. Notwithstanding. how
! ever. these obstacles the exports show a
| gratifying increase over last year.
| The movement in -four shows a falling oil
! in receipts, a diminutIOn in the amount
| taken for city consumption and the supply
OF the plantation demand, aud a falling of
III the exports to Cuba and Mexico. while
those To Great Britain as well as to coast
| wise ports show some increase. One Of the
principal features of the trade is the de-
crease in the amount taken by Cuba and
our plantation demand. The former has
been caused parity by consumption having
been dininis he'd by the continuance of the
discretionary war, but mainly by the
protective duties IN favor of the Spanish
product, which has given il the control Of
The market This matter is one of consd-
era lie importance to the Western and OlhCr
Hour producing States, the demand for
whose products would be stimulated by
reduction Of the Cuban tariff
another striking feature is the reduction
n the amount taken for cOusUmDtiun
vhich. Is there can have been no falling OF
in the acquisitions for the city proper, must
he attributed to a decrease in the plan ia
ton demand, caused by its having been
more largely supplied directly by the
West HRT the flnFa nag
been a material falling of in our receipts
OF pork, the movement II which. from its
unusual cheapnCsS, should have been on a
more liberal scale. These remarks apply
also To other articles, the trade in which
has been to an increased extent diverted
from us by direct shipment, and admonish
Western produce merchants to devise
means by reduction in freIghts and other
measures to cheaper transportation from
the " est, in order to be able to supply the |
demand al easier rates and present more
effective competition with the Western |
dealers.
toTTON.-The receipts in 1901 largely |
exceeded the general expectation at the |
commencement OF the year; but, neverthe- /
less, on the thirty-trst of August the stock |
showed an excess over the previous wear Of |
only i621 bales-2j,@23 bales against 2O69G /
Compared with previous years the record |
stood as follows 1869 ne: 1868, 1859: 1867 |
Ij.9jS 1866, 1872 0S3: 1869 3d. 139: 1864, 4j1J: |
49, I20; lS6I lois; 1860, 1884; 1859. % |
H--, 1888, 3O,-.&; 1857, 1921 Low middling
had opened az u Il he sunk 10y the eighth
OF March al '-I2 BE, rose BY the twenty
-.rst Of june 10 1914 a 1899, and closed On
August 81 at If Ii 0lT34c, showing a varia-
ton from the commencement of only l4r
against an oE1Telne range during the year
OF Fac.
The following compares The closing ra-cs