The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1880-09-01
NEW ORLEANS COTTON TRADE.

NEW ORLEANS COTTON TRADE.
The cotton year begins with to-day and the
outlook for New Orleans, our great southern
metropolis, was never more glowing. During
the year just closed the increase of cotton at
the ports was 100000 bales; OF this increase
New Orleans received 3ll,000. While the
total crop last year was augmented but Il
little less than IL per cent. the quantity re-
celyed at the Crescent City was enlarged p
per cent, which is certainly handsome
showing for the city which so long under
mIsrule lay stagnant beside her mighty river,
with her spires almost glstening in the waves
of the sea- Mobile suffered decrease of
c,l6l bales and Texas ports fell short 1882
bales under the year previous This increase
at New Orleans, taken in the general sggre-
gate, kept up the percentage of the gulf
ports to about what they were the preceding
year. Leaving the gulf coast and going
to the Atlantic sea board, We find that
Charleston showed falling off of ii,47S
bales, or ten per cent, and Savannah added
only about six per cent, to her pre-
vious business. Going on up TO
Norfolk, Virginia, We find that city
had 1856. 900 bales, as against SEQ 900 the year
before, leading all the ports in gain. New
York, with its usual arrogance, claims to ex.
ercise controlling influence upon the cotton
trade, and every day its reports Of sales in
futures are looked for with eager eyes by the
spectators. Without stock jobbipg and
gambling New York is nothing, and cotton
enough for forty crops is bought and sold
during tho commercial year under the head
OF cultures" keeping up ieyersh excite
ment the while and enriching the manipu.
lators, tho fishers for gudgeons,ot the expense
of said gudgcons. Yet New York, with all
her ado, had an actual direct receipt, with
out touching Mt tho seaboard markets, of
only ZIG, 26S bales. In the foreign trade
New Orleans rises far above all competitors
ms tho great Gotten market of America
During the season just closed she sont to
European ports l,436,000 bales of cotton,
worth not less than S750O0,0O0. This is
greater number of bales than the combined
foreign exports of Mobile, Charleston Gal
weston, Norfolk and Savannah, and very
nearly rs much rs all tho Atlantic ports, in.
GLIDING New York, combined OF all the
cotton bought on this side of tho Atlantic BY
European spinners, more than II per
cent. of II was purchased in New Oreans.
In addition to this, one fifth Of the supply
that goes to northern looms is bought in
New Orleans. Now that there Is rail COM
between Texas and New Orleans, |
That city will be the market for fully one half |
Inc crop of middle and southern Texas, and |
when the road is completed from Shreveport
connecting with tho Texas Il Pacific, 1t is
'oasonable to believe that two.thirds of the
taplc raised in our great state will 90 to
well the cotton trade Of the Crescent City.
Of all the cities of the American union now |
truggling for greatness in the commercial
world, not one has a brighter future than
New Orleans. The jetties at the mouth of
he Mississippi have made her a seaport in.
Iced u seaport at whose whsrves the vessels
# every cline can lay in safe anchorage
lischarging their cargoes of the products of
he world, to receive in exchange the cotton
rop of the reyiviiled south, and the grain
'ield of the new west. Our southern city, a
ewel beside the yellow sands OF the gulf, will
ct vie in grandeur and magnihcence with
no great metropolis of the north.