New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-09-01

has furnished employment for much lar ger
fleets of vessels, both steam and sail. anu
in both the foreign and the coastwlse trade.
1t must not be overlooked by our w tern
friends that. although the deman ior
freight room has been more extensl We, tine
supply, until within few Weeks
past, has been disprOportionately larger,
and at one time, q considerable lumber
OF vessels, having been stopped at the
passes to await orders, we're finally, IN con-
sequence of the excessive fleet at this port,
sent to PascagOula and Pensacola for tim
Der freighte, or to Savannah for cotton
Every season clearly and conclusively de-
monstrates that whatever be the volume OF
produce sent to this market for transship-
ment, there will rarely, if ever, fail to be An
ample supply of tonnage. At the very Pc
Rod when the supplies of 2ht are usually
the most abundant at this port, the North
ern ports are blocked by ice, and ships VIII
be cent here in any number that may be
required, provided they can be assured Of
80 much q question of the rate of freight, as
of avoidiag delays, with all their attending
expenses and inconvenience. As gem
eral proposition I'D on cotton to L,verOOoI
is barely paying rate, and 9l6d only
slightly remunerative. But the profit
or the loss depends to great extens
On the ships coming out in ballast
we'll as in her detention and port
charges What the seaman most desires IL
quick dispatch, to obtain which he is rarely
unwilling to IN AXE liberal CONCESSIONS With
regard to foreign freights we may take the
cotton rate to Liverpool as fair index, not
only of the rates for other articles, but f0r
other ports. The market opened in Sep
TENDER at Sad by sail and I'D by steam, bnf
as the offerings became more cOpIOua. ratee
hardened. and the month closed at SD by
sail and II l6d by steam. In the ensuing
three months the sail rate was held stead
| ily at s. d, but the steam rate was raised by
the close of October to s4d, at which the
| market was steady throughout November.
| In December the increased supply Of steam
room and the necessity of ships star ting on
| the day appointed, reduced the rate to
ll-l6l, and subsequently to SD. The mar
! ket then exhibited more decided down.
| ward tendency. sail declining in Januarv to
| 9-16i and subsequently, to I'D and lied /,
| and steam to 9 l6d. In February sail
rates fell to sd, which proved to be their
! lowest point, and steam to led and subse-
| quently to lid. In March tho rates ranged
| from SD to led for sail, while steam was
steady at 7-l6d; in April sail ruled at Esd
| and steam at 7-I6l; toward the close of that
month sail hardened and ruled at lied, but
! subsequently, gave way and was quoted at
13 32d, while steam declined, closing in May
| at SGD, which was Its lowest pOlnt. Inc
market had now been relieved by the e1-
cess of tonnage finding employment at Other
points, and in June both sail and steam rose
10 I'D, the former closing at 1924 and the
latter at l6i. In July both sail and steaM
| ruled at led, but August commenced with
| an advance to 9-l6i, which has since been
maintained in both branches of the service.
Thus it appears that the extremes Of sail
are SD and 2l-32d against SD and sd last
year, and OF steam SD and aid against Fad
and II 16i. The Havre rates have ruled in
| proportion, with the extremes Of a4c and
| IA G for both sail and steam.