New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-09-01

Tor les cereals, being now supplied directly
nom the West. our home trade shows but
little diplinuition, the falling OF in the tota
receipts being but little more than the fai
ing { II in our exports The following com
parative table shows the disposition Of the
receipts for the yeaI:
Sacks
STOCK on hand September /, l3t4.......... Is 90,
hecelpts SINCE. Ito it
Total supply. ACKNOWLEDGEMENTS. s,9O ,qo0
Exported to Great Britain and the cont
Rxnor.ed r. Our. 1857,
Exported to other foreign ports, mostly
Cuff. ............ 1868
Hported to Northern tiantlc ports ....... 2lTGO
| Sock on hand August 81, l37S,............. 9659
Left for Southern die trbuton. 2Gl 10,
Shipped to neighborps Gull ports. LBS, 100
| Iahen for consumption, including neigh
boring plantation supply. .2.i23637
The above figures will be found slightly
| suggestive. They indicate to our Western
| friends the great Importance of the South
| ern market, in which We include cur ship
ments to neighboriDg Gulf ports for plauta-
tion consumption. The export trade may,
and we confidently believe will, at no dis
1ant day, assume its former proportions
| when our shipments to Great Britain ran up
| TO several millions. But at the present, as
for years past, the home demand has alb
sorbed the bulk OF our supplies. 1tsuggests,
also, the great importance of the home trade
| TO the city. The whole OF the large amount
| left for Southern distribution passes out of
! the hands Of the regular dealers, by whom
1t Ia sold in lots TO suit purchasers, either for
city consumption or to shippers. to planters
| or TO neighboring Gulf ports. In its move
mens 1t gives employment TO a multitude
OF persons engaged in it, handling. ii.
| storage enhances the value of real estate,
| affords fair remuneration 10 the dealers,
some of whom have large capitals invested
| lu the business, IS no unimpertant element
| IL the freight lists Of river hoats and Calf
| schooneIs and steamers, while the whole
comprehensive movement is conducted by
home capital and for local benefit. All
other markets combined shrink with in
significance when compared with the home
| market in New Orleans. Hence, the diver
sion OF any considerable portion of this
trade, by the southwest receiving its sup
Piles directly from the West, implies gen
eral as well as an individual LOSE, aud when
We contemplate the probable result for the
next year, we feel that our plantation
interests will be benefited by serious CUT
tailInent OF Our local trade. Last year, as
well "a ia the year betofe, We had occasion
10 notice large falling off in the atuount
required to meet this nome aud plantation
dema I'd. which was attributed partly tn
planters having increased their cereal
crops. SO as to require less of the Western
product, and partly to 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 neglected our leading staple, they have
given much greater breadth of acreage to
cereal crops. la the northern portion of
the cotton belt they have devoted large
portion of their land t wheat, and further
south to corn and oats. Until recently we
received from all points favorable accouuts
OF the prospect OF these cereal crops. and
notwithstanding later discouragug reports
OF drouth or of excessive raius, yet, as a
general thing, it is manifest that we may
expect better Southern crop Of corn than
in any previous year. They will, therefore,
require from the West only modicum of
their usual acquisitions. In many cases
they will have surplus for city consump-
ton. There must, therefore, be material
shrinkage in the amount OF the Western
product taken tor consumption. But the
West will probably be equally fortunate
with the South in relation to production.
wider breadth Of land has been ever
where planted, and the crop prospect indi-
Gates that we may anticipate an abundant
yield The West will consequently have a
considerable surplus. and. its Southern
market being curtailed, it must seek trans.
atlantic buyers. Prices will consequently
be governed by foreign markets, the course
OF exchange and the late of freight, and
may be expected 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 alb |
normally, for it is surely ont of all rule and |
reason. that, with the immense extent of |
corn lands in the W estern country, and the |
enormous increase of it's agricultural popu- |
lation within few years past, while freights |
for st. Louis TO New Orleans have ranged |
from Z a l29o y bnshel, that the market |
price here ranges from S0095c. For con
siderable time, in fact, planters were com
PEELED to pay. 81 II here, to which was
added the expenses of Shipment and freight |
to their plantation landing. In fact, it was
owing, in some degree, to these extravaganza
prices that they were induced to put such
wide acreage in corn. When this important
article of food for man and beast cost them
on plantation from 81 al so y bushel, or in
some cases SEA T. 5ushel, they found it
even more remunerative crop than cotton.
While, however, our local trade must be
seriously affected by the falling eff in the
demand for consumption, it is fair to antici
pate that our export trade will be proper
tionately augmented. There will be a fair
surplus for export, and the extent of our
share will depend upon the rates of river
and ocean freights. 1t is fortunate for both |
the farmer and the shipper, that restricted
crops IN Europe will create a much larger
demand than usual Tor the American pro. |
duct, and that prices will consequently rule
at more satisfactory rates than would pre-
vail under more suspicious circumstances.
The highest point was reached in Novem-
Der last, when mixed and yellow were.
quoted at 81 0S0l 10, and white q. 81 lO1
II, the highest in the preyo year being
respectively 8S090c. and 81 q 05.. The
lowest point was in March, when mixed was
quoted at 82d S3c, and white at 82086,
against 65 06SlRc and 60 070c respectively
IN the previous year. The highest price in
1928 was 7Sc for mixed, and IS a 90c for
white and yellow; in 1912 white sold as
high as 81 %, in 1901 at Csc a 81, and in
5000 at 81 45Ql 50. If the West would
have the South devote its attention more
to its peculiar staples, it should
see that the river is improved so as to re-
luce river freights to a minimum point and
supply the planter at more reasonable
rates. 1t is not improbable that, had not
he failure OF European crops caused
oI eign demand for this product, the sur
plus this year would have pressed down
prices below the cost of railway transporta-
Jon to the Atlantic cities, and using corn
or fuel would have become more a tact
han fiction.
SHIPMENTS OF CORN IN BULK.-The fol.
owing table presents a complete statement ,
II the number of bushels of corn shipped
% Liverpool from this port during the
present year and the names of the vessels.
The bulk of this corn arrived at its destina-
ion in good condition and obtained good
,rices:
SHIPMENTS OF CORN IN BULK LIVERPOOL.
l875. Steamship. Bushels.
ap. 7......, Etate of Minnesota. 10 $50
eb S.. tate Of Louisiana. .......-.. 1890
va1 ral