New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-10-15
THE COTTON PRESSES
AND TIE
SHIP BROKERS.

The ship brokers and agents. with the indorse
men. Of the masters Of foreign and American yes
! sels now in port, having declared the rates to-
I COMPRISING cotton, established by agreement O
Tie proprie Of the cotton presses of this city
e1orbitant, and seeking 10 place Us in an attitude
Of hostility the commercial intel ests OF this city
| with which are SO vitally identified, We deem
! II duty to the public and TO ourselves 10 repe
| such imputations, and vindicate the justice ano
| fairness Of this lew tariff.
| The cotton p-esse. irtsres. has been driven e
| tie course they have adopted by the exorbitan,
! ard speculative spirit Of the ship agents and
J cFarter ers, the very parties who make these
| ch2Iges sgauet II % they who. last year, by
| tie high rates Ct freight exscted during the
whole business season. inflicted incalculate
| il Jury to tie interests OF the esmmeTcia! com
uuuty," and rendered the comprising business,
.: the fixed rates Of last year unrenunerativs.
The adoption by rs o: the sliding scale, which
adspts the charges for COMPRISING cotton 20 the
rates Of freight which suggested BY leading
skip brokers' appeared 20 b- the only equitable
mode By which the presses could prevent this
oppression Of commerce by the shipping interest
and save them from &C: usi loss The large cspi.
tai and labor employed N the COMPRISING busi.
ness That the presen: rates OF !reghts are main
tanned for speculative purposes, and by . ring
combination, and not as pretended, the legitimate
effect Of the law OF supply ard demand" will be
demonstrated by the following exhibit from tie
P.:ce Current OF sst Saturday. che eleventh CT &C.
,obsr:
ts.Ps Pokr.
Tons.
Seven Steamship. .o,ali
flftsen |oso
Eleven bar Observation-Disclosures. 5,615
Total. $3.50
Bales
Estimated 70 l00o coo
amount Of cotton or .hipboard and in
presses. .....................'. - ~
Unemployed room for OBSERVATION-DISCLOSURES. t'.ll3
And yet, with this large excess Of supply over
demand, with 3 tonnage three times greater than
the stock OF cotton on hand, the ship brokers and
speculatOrs in charter parties insist upon the same
e1orbitan. rates o. freigh; which they e1acted
when there was q grea: scarcity OF ships in port.
I, i. obvious Therefore :ha; i they are so deeply
concerned the commercial welfare OF the city i
i within their power 10 reduce the rates Of com
pressing by reducing tile rates of freight and that
they no longer defend theis "exorbitance' by
Tie pret41: tina: their present rates are jast fed
by :re priDcp. of supply and demand.
The rules prescribed by the presses in their
card of the ninth Git.e: but little from those OF
tie years previous &c tie LAST, which proved So
disastrous to the Sress interest, and the gen,
e'.l cbarges cotton II this city are lower than
those OF the other gulf ports, see the publica-
tons in the city papers o: tic Mobile Snd Calves
ION rates. They afford but > fair remuneration
Tor the large investment and heavy expenses Of
he twenty -eight presses Of this city which give
employment to 60 many hundred !aborers and are
burdsnsd with SO srea: weigh: Of taxation.
Their interest 10 home oue-oIe that hiss st lsas:
the right TO live ap. IL. 1--we
The sliding scale adopted BY the presses vas u
satisfactory operation before tie war, SIC .:e
renewal Las been U:ced trCA time 10 ;ine by m.ry
!eac rs skip brokers.
j. T.. DENIS.
PresideD. OF tie Cotton Press assoc ist!eE.