The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-08-20
CROP AND COMMERCIAL PROSPECTS,

l
who has rarely miscalculated In his estimates
prospective receipts of cotton for the ensu-
Ing year at this port at 100000 bales over
those of last year. He bases his estimate
upon reports from the cotton section tribu-
tary TO New Orleans These reports are all
OF the most favorable character. Although
| the picking will be somewhat retarded by the
| abundant rains throughout this section, and
the hollis will be later In opening, all the indi-
cations of large eventual harvest are very
favorable. Texas is the only portion of the
Southwest from which the receipts will not
reach those of last year. Although there is an
Increased acreage, the general yield In that
State will be affected, it Is estimated to the
amount OF 25 per cent by the long and contin-
uous drouth which has prevailed throughout
the cotton-produeng portion of the State 1t
Is to this drouth, producing premature devel-
opment OF the hollis, that Galveston owes her
respectable receipts for this month, which
greatly exceed her receipts for the same
time last year. These receipts will not
hold up later in the season for two reasons:
First, because the drouth which produces the
premature rIpeniug Of tho plant reduces it's
aggregate product; and secondly, because
the completion Of the railroad between this
city and Houston will divert large portion
OF the cotton which has hitherto had no access
to any other port but Galveston. When this
roll communication is established the cotton
producers Of Texas will quickly discover the
great advantage OF this cotton mart over
all the others to which they have. for tho lack
Of cheap transportation to this city. been
forced to ship their products.
With this road In full operation 1t would not
be unreasonable to place the cotton receipts at
this port from Texas alone at three-fourths
of the total product OF that State On q crop
equal to that Of last year. which has been set
down at million bales, New Orleans share
of receipts wGuld be 10000 bales. This would |
be equal to half our total receipts Of several |
past years.
And this share OF receipts OF the products
OF Texas due to New Orleans will be largely
by the completion OF the New Or
leans Paelic-co concerning which there is so
much encouraging talk on our streets-not
alone Of cotton, but Of the other products Of
this enormously productive State. grain, cat
tie, etc. New Orleans will then become the
OF commerce more valuable than
she has hitherto enjoyed. Our horizon begins
10 brighten, not only In the West, but elso
In the North, whence authentic intelligence
reaches us of preparations Tor immense
shipments OF grain through this port. The
Of the routes of transportation
from the West to this city with those of
New York being In the proportion OF seven
teen to nine cents per busheI. hos aroused
5he producers and dealers to quite an en-
5husiasm In favor OF our port for the ship
nent and expectation of grain. Large
md numerous contracts have already
,een made for such shipment. There Is q
very spirited movement On foot to establish o
company with large capital to buy
hips to be employed in the exporta-
ion of this grain to foreign countries
We hope that this enterprise will he
but without it our Western friends
iced be under no apprehensions Of q lack Of
hips at this port to carry from our overflow
ng abundance to the relief of the straitened
population Of the Old World all the materials
or sustpnance and comfort the West may
end to u.s. -@5z@r :
In view OF these cheering Indications, our d,
people have good reason to indulge in the
brightest hopes and assurances that the ap-
season will be the opening OF an
pooh ID the history OF Louisiana which will
urpass all previous ones In the activity and c
Increase Of all values, trades and occupa- !