The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-18
THE CORN MARKET.
A DEMANp FOR TONNAGE OUT FROM
NEW ORLEANS.
The Margin to he Made on Corn shipped
from the West to EwrDpe by Way
OF New Orleans.

Especial Correspondence Of the Democrat&]
Sr. LOUIS, Nov. Is, 1877.
THE rssToFFsCE AGONY
is over. Filley is rsapp poitted postmaster of st.
Louis. and his enemies. together with the
friends Of Carl Schutz in st. Louis, are an Fn-
dignant set to-day. Sehurz as Secretary of the
Interior, opposed Fi'ley's resppointmert with
all the tact and ability he possesses, and his
friends say that in making the nom inatiou the
President has directly insulssd Schurz, and
that the latter, out of self respect, msst with
draw from the Cabinet.
Well. it's a. Republican fight end the Demo-
Gratis have very little interest in it, Fflley lTas
made good postmaster. 1t is true that he has
used his official power to strengthen himself
politically. He has managed so sdroitfy that
he has made himself sor51of
POLITICAL DICTATOR
over the destinies of the Radical narty in st.
Louis and Missouri. He gathered AROUND him
the shrewdest men in the Radical party and es-
tablishett himself as their leader. He gradually
extended his power until it inelosed every Con-
gressionm District in the State and to-day no
man can get anything from the Republican
party in st. Louis or in Missoari without Fill
leys consent, and this explains the bitter oppo-
sition to him within the ranks Of his own party.
Other men, notably Billy Mckee, Gen. Cayender
and few others, sought to acquire control OF
the party for themselves. Filley entered the
field against them and won the victory. Now
Filley's old opponents are without influence.
without even respectable standing in their
party. They are denounced as sorehsads,
growlers; etc., and are systematically excluded
from the councils of she party. Hence their op-
position to Filley and their desire to get him
out of the way. But this is Radical fight, and
Democrats are only amused spectators. Not
withstanding the attention he gives to politics,
Filley devotes time enough to the postoffice to
give very general satisfaction. and his re-a
pointment is indorsed here.
A new feature In
THE CORN MARKET
b as been developed recently. There are men
buying corn through the country who repre-
tent that it is f6f expectation te Europe, and
they are seeking to keep their business as Sc
cret as possible The natural deduction is that
some enterpristng SPECTATORS are sending
corn to Enronean ports in anticipation of big
demand for the grain at an early day; There is
certainly more activity here in the shipment of
corn down the river than has existed for long
time.
THE BARGE COMPANY Is BUSY
night and day, loading corn for New Orleans,
and reliable information is to the effecbt that
THE GRAIN Is GOING THROUGH THE JETTIEs
me that single firm has six ships waiting at
New Orleans to be loaded with corn. and that
agents are up here buying and forwarding corn
The only reason assigned for the secrecy of
the transaction is that the men who have en-
gagged in this business think they have got q
good thing, and they want to get ahead of
others who will sooner or later engage in the
same enterprise, Judge Walker. one of the
Just returned from trip to the interior of the
State and heinforms ne of his personal knowl-
edge that agents representing somebody at New
Orleans are buying corn quite freely from the
farmers, and that they are using every effort to
keep their business quiet.
While speaking OF corn it may be stated that
there is a fair prospect OF securing a reduction
of the tariff on
THE MISSOURI. KANSAS AND TEXAS RAILROAD,
that will admit of the grain being brought to
market On the LIST of, October the Missouri.
corn from Clinton, the centre of the corn grow
ing region to ST. Louis from $40 to $64 per car.
This made the rate, 80 cents per hundred
pounds and practically laid an embargo, on the
shipment of the present crop. The farmers are
anxious to ship now, as the market is lively at
st. Louis. owing to the active demand for the
grain to go down the river.
There is now existing in this city good
DEMAND FOR TONNAGE OUT FROM NEW ORLEANS,
but for some reason it cannot be obtained. D,
P. Rowland & Co., one of the Oldest and most
ceived an order from London for 100000 bushels
Of corn. At the present rates of tariff east from
the Mississippi river corn cannot be shipped
canals have closed for the winter season. and
having this competition out Of their way the
railroads running east Immediately increased
their freight tariffs to figures that practically
forbid the shipment of corn. This forbids
THE EXPECTATION OF CORN BY WAY OF NEW YORK
and the only route left is via New Orleans.
Rowland Co. applied to the Mississippi Valley
Company and Mr. aaarStiGk ar if
tonnage they wanted to New Orleans, but could
not get tonnage at any price from New Orleans
out; out that 1t was all engaged for three months
Now, the practical question for commercial
men to settle. and it seems to ms that it de-
wolves upon New Orleans to take the 3 q. intiatiye m M %
Nj Mons Of ushes Isl OF in this
section of country will find It's way to New Or
tained. Mr. Rowland states % that eve every % commis nj lis
sion merchant in the city is daily in receipt OF
orders from Europe f9r and n they cannot
from your city. AS shown above. it is lmprae-
ticable to ship via New York.
An Impression prevails here that
THE BARGE COMPANY
is interested in the movement to forward corn
to Europe, now in anticipation OF a large de-
mand and increased price, and that they are
endeavoring to prevent others from obtaining
tonnage out. Whether this suspicion is COZ rect
or not remains to be shown, but the action of
the barge company at lleast gives color to it.
A LETTER
from Hugon q Howard commission merchants
OF London. shows that corn Laid down in Lon
don by way of New Orleans costs IS 13s I'd per
ton, and sells, there for &6 Go per ton, leaving
very fair margin. The firna writes:
This margin is due to our saving the New
York houses profit by buying direct from the
centre of rroduction-St. Louis We may al
most always reckon upon this margin when
buying from youE tSt. Louis market. and there
is consequently good opening for future busi-
ness"
Thomas Pike & Morgan, one Of the, largest
write:
1t has become a recognized fact hat much of
pushed West to Chicago and ST. Louis, as mer-
chants this side feel that extra. profit is being