New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-09-01
MERGIAL STATEMENT
For the Year ending August 81, 1896
OFFICE OF THE DAILY CRESCENT. /
'a y New Orleans, Sept. L. 1866. !

10y increasing prosperity in our city and State,
and by steady Improvement in nearly every
department of trade. The effects of the late
disastrous war could not, of course, have been
entirely obliterated since its close but the people
everywhere appear to have been impeled by a
determination to regain their former enviable
position, and none can fail to admire, while, at
the same time, all must feel astounded at the
reeuperative power exhibited by most of the
Southern States. The losses inflicted upon
Louisiana in the partial and almost total destruc-
ton Of her agricultural labor system has been
generally pronounced irreparable, as no reliable
substitute for slave labor had been anticipated
even by the most sanguine; but the patriarchcal
conduct of the planters generally towards their
servants, when the institution of slavery was
looked upon as perpetual, had so won
the affection of the better portion
of the recently emancipated descendants of
Africa that very many of them have been and
still are laborng faithfully with their old masters
and most trusty friends. despite the unjustifabIe
intermeddng of freedmen's bureau agents and
all other adventures. 1t is painfully true, how
ever, that we can no longer calculate upon re"
reiving 2O00 900 to 100000 hhds. Of Sugar, and
corresponding amounts of other crops as the an
nual tribute of the Pelican State, but our expec-
tations are now quite restricted, while our hopes
are buoyant, and our faith in the future as strong
as ever. With fair field and no intervention on
che part of radicals, or other enemies, we have
the confidence and the manhood to work out a
glorious DESTINY Without further preface we
enter upon a retrospect of the past years opera
tions, and in doing so may, for the purpose of
comparison, have to draw upon the columns of
our more favored neighbors, who remained in the
city and kept theirreaders posted on business ope.
rations throughout the war.
Cotton.
The market opened on the lst September, 1865,
with stock on hand of 1929 bales, and good
demand for both the foreign and domestic account.
The Western rivers though falling, were yet navi-
gable for light draft boats and cotton was being
forwarded to market with the utmost dispatch
both by rail and water. The ruling quotations at
Ehe close of business on the 3lst August were as
follows viz: ordinary 306332c.; good ordinary
35@37c.; low middling 39@40c.; middling 42c.;
strict middling 43c. Prices advanced during the
week ending the 8tll fully 203c. per ID. owing to
heavy rains which nterfered with the picking OF
cotton, to favorable adyices from New York, and
to increased competition on the part Of buyers,
The market fluctuated considerably during the
week ending the 18th. At the opening Cotton
was dull and heavy, as the weather was too in
clement to admit 0ftthe deliveries Of previous
purchases, and rates declined fully lie. u tb. all
round; but as the week ADVANCED reaction took
place under alyices of injury to the growing crop
by worms, and of an improvement in prices al
New York, and the market closed firm
at previous quotations, having fully recovered
from the opening depression. Nothing trans
pired during the week ending the 22d
to materially alter the condition of the market
and fair amount of business was transacted a
the closing quotations of the previous week for al
grades excepting good ordinary and low middltng
which slightly improved. Owing to variable
weather and conflicting adyices from the North
the market was inactive and irregular during tht
week ending the goth and the sales were restrict
ed to $3.50 bales, at slightly lever rates for ordna
ry, and previous figures for all other classified
tons The scarcity of steam freight room and al
advance in rates by sailing vessels to the Nortl
likewise tended to restrict operations; but with
return of favorable weather and with more en-
-couraging accounts from Europe, the marke
closed firm at the subjoiped quotations:
Sept. 28-Ordinary 32C935; Good Ordinary $50
49, Low Middling 41@43 Mtddiing 44C@45; Strict
Midding 400, z.s.. .zn-5
Aug, 3l-ordinary sO@32; Good Ordinary
35@37; Low MiddIing 39@40: Middling 429-
Strict AIiddling 49,.
The total sales from the LIST to the goth Septic m
Der were 48,45O bales, and the exports were
1876 bales. '. .Js,r'" go
October opened with fair inquiry at full pre-
>yious prices, but receipt Of advices of the e
and Sd of that month from New York, and of the
s23d September, from Liverpool, all highly favora
BILE, market assumed Increased buoyancy, ant
factors realized general advance of fully 2@3c
~ ID. The sales for the week ending October 9Th
amounted to 20 $50 bales. The market became eX
ceedingly exercised during the week ending thu
18th, owing to an advance of8c ~ ID. at New Yorl
On the 10th predcated upon an improvement O
43d. at Liverpool. Rates were enhanced to cor
responding figures but they subsequently slight.
9gedceded owing to the scarcity of steam freigh
room and the high rates demanded by sail Il
Northern ports, as well as to heavy increase il
the stock Of Cotton and material decline in Do
nestle Exchange. The sales for the week aggre
gated IA $50 bales at general net advance of SO
&C. per b. The third week of October exhibite
considerable inequality in the leading staple A
the opening further material advance wa
obtained owing to the receipts of still NOR
favorable accounts from New Yayk and Liverpool
and heavy sales were effected at materially Ell
HANGED prices, but subsequently the demand wa
checked by o reaction in the northern markets
the scarcity and high rates Of freight, aheavy re
duction in quotations of Exchange, and parti'
falling off in the supply of currency despite prev
Gus heavy receipts of the latter, which had bee
relied upon to overcome the difficulties in the wa
of placing both foreign and domestic bills. II
sales for the week ending the goth, wei
% $50 bales and the market closed quiet at a n
.adyanceof about &c. % ID. all descriptions, ha
ing lost portion OF the previous improvement
The market was quite unsettled during the la
week of;october, having huctuated almost daily
accordance with intelligence from New York al
tie variations in exchange. Sales, howeye
footed up 20, $50 bales, which swell the aggrega
for the month ending the 9th, to $4,000, the ma
ket closing unsteady at an advance of lc. % ID.
the opening quotations of the week, Subjon'
are the ruling rates on the evening of October
as compared with those of September29:
October 27-Ordinary, 44@47; Good ordinar
5O@5l; Low Middling, 53@54; Mddling, 55@5
Strict Middling, 57@58.
September 29-ordinary, s2@35; Good Or,
nary, $500: Low Middng, 41@43; Midaling, A
As; strict middling, 400.