Commercial.
New Orleans markets.
From the annual review of the New Orleans markets, published in the Commercial Bulletin, for the year ending Aug. 31st, we extract the following:‘ On a general view of our commercial condition we find abundant cause to congratulate our renders on the past, and to entertain high hopes for the future. We may rejoice with them that whatever inconveniences have attended the war, whatever embarrassments or losses, they are much less than might have been apprehended. Had the blockade arrested the movement of our cotton crop with half a million bales on hand, or prevented the importation of our spring stocks, the commercial consequences must have been much more serious. In point of fact, as commerce was to be interrupted, our own commercial community could hardly have designated a month or a day, in which the gulf blockade could have been enforced with less inconvenience to themselves than the time at which it actually took effect. And so with regard to that of the Western trade. Although it has diminished our supply of salted provisions to such an extent as to cause a large advance in prices, to the serious injury of the planter and consumer, yet it was not enforced until the South had been amply provided with corn and flour to meet the deficiency of last year's crop and carry us through comfortably to the garnering of the bountiful cereal harvest with which we have been blessed by a benignant Providence. Every class of our commercial community has met the trials of the hour, not only without murmuring, but with patriotic cheerfulness. Notwithstanding the temporary suspension of commerce and the deprivation of their usual revenues, our merchants have contributed munificently to sustain the war by their capital and influence, fitting out companies and battalions with princely liberality, and generously continuing the salaries of their clerks who have marched to the battle-field. We firmly believe that these patriotic sacrifices will be rewarded by a career of greater commercial prosperity than the most sanguine anticipate. Those who have been loyal to the South--who have given their treasures to the cause — who have risked the lives of their sons in battle — surely they will be remembered by their grateful countrymen, and with the resumption of the commercial movement, find the ranks of their constituents largely increased. Above all, our planters would be insensible to justice and patriotism did they not reward with their business the men who have so nobly stood by them in these trying times. This remark also applies to country merchants and the city trade. The self-sacrifice of our mercantile friends should receive its proper acknowledgement in every branch of business.
Released, as our commerce must soon be, from its former dependence upon Northern capital, and the obstructions it suffered from the all grasping and insatiate spirit of Northern cupidity, we may confidently expect it to extend its connections with a wider sweep and a bolder spirit. Its white winged messengers of peace, ribbed with our Southern oak, are destined to bear our glowing flag on every sea; from every clime to bring back the rich returns of Southern enterprise and pour into the lap of our favored city the wealth which has hitherto enriched the Northern emporium.
The Bulletin estimates the last cotton crop at 3,700,000 bales. The amount of cotton exported from New Orleans for 1860 and '61 is put down at 1,915,852 bales.
New Orleans, Sept. 5.--Sugar.--The demand has continued fair, the sales since our last review comprising 800 hhds., including 500 yesterday (270 of which were for C. S. Treasury notes,) at 3a3 ¼c. for inferior, 4 ¼a5 for common to good common, 5 ¼a6 for fair to fully fair, 6 ¼a6 ½ for prime to choice, and 7 ½a8 ¼ for yellow clarified, and 8 ¾a9 ¼ for white. Received since the 31st ult., 402 hhds. Exported, none.
Molasses.--With a fair demand prices have continued firm, the sales comprising 400 bbls. including 250 yesterday, at 20a24 for inferior and ordinary and 26a27 for prime fermenting and reboiled, city refinery reboiled commanding higher rates, and sugar-house syrup, 30 Received since the 31st ult., 321 bbls. Experted, none.
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Memphis markets.
Flour--The market continues dull with more irregularity in prices. Sales of 100 barrels extra family at $7.50; 80 do. $7.40; 80 do. at $7.50; 100 extra S. F. at $7.50; 34 extra at $8, and 50 S. F. at $6.50.
Bacon--Limited sales of clear sides at 22
Coffee--172 and 115 bags sold for Confederate bonds at — and 20 bags at 35
Sugar--Sales of 17 hhds. at 7 ½a10 ½c.
Whiskey--The market is firm at 37 ½c., in lots.
Nashville markets.
Bacon continues to advance in price as the stock recedes. We now quote shoulders at 16 cents; hams at 19 cents, and clear sides at 20 cents.
