The Cairo bulletin. [volume] (Cairo, Ill.) 1872-1878, 1877-10-18
THE GOLDEN GRAIN TRADE

WHAT NEW ORLEANS IS DOING IN TIE
TRADE--A BRILLIANT OPENING-sLVEN
STEAMERS, CARRYING $4,000 BUSHELS
OF WHEAT, SOW LOADING FOR EUROPE,
The New Orleans Times says: At last
the time has come tor talk to end and for
our grain trade to begin. The Times
efforts in behalf of that trade have attrac-
ted the attention of the whole CONNER
cial world to the subject. 1t looked for
ward anXiously to the completion of the
jet,ies, and the consequent appearance OF
an abundance OF ocean tonnage for the
verlGcatlon of its golden predictions.
The jctties are an accomplished sue.
cess, and the Tonnage is here.
WHERE Is THE GRAIN?
TO find an answer to this question
Times reporter was dctailed'yesterday to
interview our leading ship agents and
grain men, with directions to ascertain
as near as possible what they are doing
in the premises, and what are their views
on any articles that may yet be In the
way. Herewith are the results OF his
cruise:
TONNAGE PLENTIFUL.
The first tact developed is that ocean
tonnage is unusually plentiful, and iurth-
Cr, that it Is anticipated grain trade that
has brought a good deal OF it here. This
point Is made for the benefit of those
cotton men who have looked with dis
favor on the grain movement in the be-
lief that grain would antugonize cotton,
and thus raise the price Of freight
room to Liverpool. The very first
effect, however, is to increase the sup
ply of tonnage faster than the forth
coming grain increases the De-
mand for it. This will doubtless con.
tinuc to he the result, and the more
grain that comes here Tor shipment, the
| lower will freight rates for cotton become.
There were III port yesterday nineteen
| steamers, an unprecedented number,
with an aggregate of 27,lS4 tons, and
iorty.one sailing vessels, with an aggre-
gate Of 3l,754 tons. Some OF these ves-
sells, of course, were ready to clear, or
nearly loaded, while on the other hand
about ten sail were below coming up. Of
course, much of this room is already
taken up, and it may be that only small
amount OF tonnageis actually on the mar
ket. What that amount is the reporter
could not ascertain.
STEAMERS LOADING GRAIN.
The British steamer Joseph Pean, OF
! al tons burthen, is taking on board
twenty-iour thousand bushels of wheat
for the continent, The rest of her cargo
will be cotton. Her capacity is 400
bales. The rates she receives could not
be asccrtaincd.
The British steamer Obcron, 300 tons,
is all taken up, and she will clear Tor
| Liverpool as soon as some engaged
grain for which she is waiting arrives.
She takes out 81. 900 bushels of wheat
and l,Sll bales OF cotton, together with
| 769 barrels of flour and 100 tons of oil
| cake. For her grain she received "a
cents bushel, and for her cotton ZIG
pence per pound.
The British steamer Crocus, 2,0l0 tons,
has engaged $4,000 bushels Of wheat for
Liverpool, at q cents, and Is waiting to
complete her load with about 1000 bales
cotton.
The German steamer Hanover, 2,5SI
tons, as soon US she repairs the damage
to her bow, caused by the collision with
an unknown wreck at sea, will take on
board twenty-five thousand bushels OF
grain and 1000 bales of cotton, reserving
about tour hundred tors Of freight room
for Havana.
The Spanish steamer Carolina, 2,oSs