The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-01

LcoNTryUED FROM THE WITH PAGE
whom have large capitals invested m the BUS
ness, ie no unimpUrtant element In the Helgt
lists Of river boats, and Gulf schooners an
steamers, while the whole comprehengve move
ment is conducted by home capital and for locs
benefit. All other markets combined shrin
with significance when compared with the HON
market in New Orleans. Hence the diversion {
any considerable portion OF this trade, by tn
Southwest receiving its aupplies directly from
yidual loss, and when we contemplate the proba
BILE result for the next year, we feel that Will
our plantation interests will be benefited by
serious curtailment of our local trade.
Last year, as well as in the year before, we hat
occasion to notice large falling off in the amour
required to meet the home and plantation de
mand, which was attributed partly to planter
having increased their cereal crops, so as to re
their receiving their supplies directly from the
West. From present indications there will be a
still greater shrinkage in this branch of trade for
the incoming year. While planters have not neg
iected our leading staple, they have gwen much
greater breadth of acreage to cereal crops. In
the northern portion Of the cotton belt they have
devoted a large portion OF their land to wheat
and further south to corn and oats. From
all points we receive favorable accounts OF the
prospect OF these cereal crops. Occasionally, q
discouraging report will come to hand, Of
drouth or excessive rains, but, as general
thing, it is manifest that we may expect larger
Southern crop of corn than in any previous year.
They will, therefore, require from the west only
q modicum Of their usual requisltlon.
In many cases they will have surplus for city
consumption. There must be material shrink
age in the amount taken for consumption. But
the West will probably be equally fortunate with
the South in relation to consumption. A wider
breadth of land has been everywhere put in corn,
and the crop prospect thus far indicates that we
may anticipate an exceptionally abundant yield.
The West will consequently have a much larger
surplus, and its Southern market being curtai,ed,
it must seek transatlantic buyers. Prices will
therefore be governed by foreign markets, the
course OF exchange and the rate of freight, and
may be exp cted to rule very much lower in the
delivery ports than the abnormally high rates at
which they have ruled for the greater part OF the
past year. We say abnormally, for it is surely
out OF all rule and reason that, with the immense
extent of corn lands in the Western country, and
the enormous increase Of it's agricultural popula-
ton within few years past, while freights from
St Louis to New Orleans have ranged from Ia
1910 u bushel that the market price here ranges
from 80Gg95c.
For considerable time, in fact, planters we're
compelled to pay 81 IL hero, to which was added |
the expenses OF shipment and freights to their |
plantation landing. In fact, it was owing, in |
some degree, to these extravagant prices that |
planters were induced to put such wide acreage |
IN corn. When this important article OF food for
man and beast cost them on plantation from s101 |
2 so per bu.hel, or s2@3 per bushel, they found |
u even more remunerative crop than cotton |
While, however, our local trade must be seriously
affected by the falling off in the demand for con-
sumption, it is fair to anticipate that our export
trade will be proportionately augmented. There
will be large surplus for export, and the extent
Of our share will depend upon the rates Of river
md ocean freigbts. Ii is fortunate for both, the
farmer and the shipper, that restricted crops in
Europe will create q much larger demand than
usual for the American product, and that prices
will consequently rule at more satisfactory rates
han would prevail under more suspicious cir.
substances.
Regarding the price of corn, the highest point
vas reached in November last, when mixed and
elbow were quoted at 81 080l TO- and white at
i 1901 H. the highest in the previous year be-
ng respectively 85t090c and $il1 O5. The
owest point was in March, when mixed was
uoted at 82983c, and white at 82@86c, against
$685., and 69070c respectively in the pre- :
ious year. The highest price in 1919 was
SC for mixed, AMI s589Oc for white and yellow :
187l72 white sold high as 81 25 in l870-7l !
95c@Dsl, and in 1869 20 at 81 4j01l So II the
Test would have the South devote it's attention l
lore exclusively to it's peculiar staples, it should
20 that the river is improved 30 as to reduce :
yer freights to q minimum point, and supply !
he planter al more reasonable rates. II is not Z
Improbable that, had not the failure Of European y
.ops caused foreign demand for this produce. !
re surplus this year would have pressed down
rices below the cost OF railway transport alton to
le Atlantic cities, and using corn for food
ould have become more fact than fiction. 8
The following table presents a complete state G
ent Of the mum Der or bushels of corn shipped n
Liverpool from this port during the present b
,ar, and the names OF the vessels. The bulk OF a
lis corn arrived at its destination in good con- 5
tion, and obtained good prices: k
SHIPMENTS OF CORN IN BULK TO LIVERPOOL