American citizen. [volume] (Canton, Miss.) 1864-1890, 1872-02-03
LETTER FROM NEW ORLEANS

4
New ORLEANS, Feb. "a, 1872.
DEAR CITIZEN Now that the
Duke has departed, and the Lenten
season is ushered in, our city has cast
anchor in dead calm, and it is with
some effort that / find any local
matter of interest. Politics and cot
ton again hold the boards"
Our politics so fulsOme, and oul
politicians so degenerate, that my
mind revolts against the idea of dis.
cussion. 1t is painful fact, that
the principles, or politics, of our
fathers have become the property
of set Of INSCRIPTIONS scoundrcls
who have SO perverted them that
an honest and virtuOus mind cannot
entertain them without a feeling of
horror and disgust. The great work
of our "Republicanism the PEG.
pies suhrage-has been converted
into an article of merchandise, and
we can no longer determine the ca
pacity and honesty of a leader by
the voice of the people. The pride
and glory Of the American people
has shifted from craftsmanship to
dollars and cents. The subject is
sickening, and | shall dismiss it.
am truly gratified to note the
wisdom of the planter in sending
forward his cotton to meet the pres
ent remunerative prices. l appre-
bend from the facts and figures !"
of the Exchange reports, that a de-
cided change in prices will occur be-
fore April. The present prices will
stimulate the planting interest, and
larger crops will be planted for this
season. John Bull is shrewd enough
to foreSee this, and will use it to ad.
vantage. 1t is generally conceded
that the present crop will be three
and quarter million bales, which is
by no means a short crop. With the
surplus stock on hand,,,the increased
crops of India and Egypt, and three
and a quarter million bales new crop,
spinners will be enabled to bridge
over to another season, thereby caus-
ing dullness and decline.
Manchester has taken a large
quantity of cotton from Liverpool
during the last month, which, with
the stock on hand, will enable her
to eight shy" of Liverpool for some
time, and with this movement, in the
face of Il large crop being planted,
the courage and confidence of "spot
in Liverpool and New
York will weaken; and when the
speculative demand is forced to cool
of, general collapse ensues. The
heavy operations in futures" has
greatly to strengthen
cotton. The " bulls and bears have
alternately made and lost so much
money, and became so deeply in
volvcd in their speculative contracts,
that they cannot afford to withdraw;
enormous sales have
been effected during the entire sea
son, which has cheated Liverpool and
into the belief of a short
crop; and this may truly be consid-
cred the foundation for present
prices. The "bears" estimate the
:rop at three and a half millions
which they base their sales of A." fu-
-ures.' The light receipts for the
PAST three weeks has been power
ul weapon in the hands of the
bull" element, forcing prices for
April delivery to 23sc. OF course
t is generally known that 10 man
an tell the future of cotton it is
he most treachcrous and deceptive |
If American commodities. The very |
instrument you rely upon for an adj
-ance, may prodnce a panic in place
If a demand.
The sugar crop has fallen far short
f the lowest estimate, and prices
ave advanced with fair demand.
'he tone of the general market in
icates a favorable spring trade.
We shall welcome our Mississippi
riends with their orders, and feel
ssured we can please in quality
nd prices. l.
Since Col. Frost has been created /.
of the jackson II
l., we look forward to a marked i'm
Tovement in the management. lie
as stimulated the confidence of our
eople, and is recognized by all as ,
n honest, capable and vigilant rail
rad man. lC