The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-09-01


Nothing occurred TO change the tendency TO-
wares sjower scale Of prices until the early part
OF the autumn when the accounts Of the condition
ard prospects OF the growing crep in the West
were such as 10 induce an increase of hr sness on
the part Of holders, and being follow ed bv the
withdrawal of certain interests from sale. any
fnrher decline was averted. The crep when
ultimately housed, seems TO have been less se.
riously affected in quantity than was at oae time
anticipated, and while the English markets e. Q
steady and firm at the improvement established
over The prices current six months ago. there oes
not at present appear to be any prospect of
turiher change.
The aggregate total stock Of American tobacco
In this country. being practically much the same
as at the commencement of last year, calls for no
special comment; X must be remarked, ho ever,
u at the existing supply being ample for the re-
quifemepts OF ceBsumptiou. the course of the
markets during the ensuing year. must be. in
great measure, regulated by events having their
origin 10 the United States and affecting the ex.
tent of shipments to come forward In the next i'm
porting season. On these points our friends on
the spot have the hest aud lest means of form
IDS an opinion, ana cannot too strongly remind
u m that it is quantity than quality that acts
Is The great regulator OF prices on this side.
Sugar AID Ms'asses. -
The movement throue bout the entire commercial
year just closed has been Of much smaller ex.
tent than at first anticipated. Early In the season
Of '67rtports OF the maturing sugar crop were of
the most cheering character, but OWING to the
subsequent great drought that prevailed to such
Gil extent, when light rains we're needed, the cane
Vas much injured. IL did not attain its usual
hight, End wss quite poor, giving only about one
bali the usual yield. Prices. with the exception
of one month, have ruled very high; those who
succeeded IN disposng OF their crops in time feel
ing fully remunerated. Molasses generally has
not been OF as tine quality as in former times,
but so great ives the demand that eftoa shipm ents
were 900 81 very un figures before they could
be landed.
SeptemJer-This month business was of q very
restricted character owing TO the limited amount
OF the old crop on the market. Business done
was principally local and confined almost entirely
to imported products. Rates. however, ruled
firm, and closed at l6o. for prime Louisiana Sugar;
l2S0l3c. for Nos. II and IL Cubs sugar, aud Is /
Ui4c. for Nos. 10 snd Ia. roc for fair Louisiana
Molssses and 66c. y gallon for lots of Cuba Mo-
lasses.
October During the early part of this month,
one or two small lots of the old crop of Louisiana
Sugar were received which readily sold at full
figures. MOlssses was very scarce, transactions
being almost entirely from second hands. Buyers.
however, did not appear anxious to operate to any
extent as they were daily expecting the arrival OF
tie new crop, when fair If not active business
was expected. On Monday, the 2Sth, the first lot
OF the new crop was received. The lot comprised
10 bbls. CHASING yellow clarified, received from
the plantation Of Mr.. Charles Kock, Assumption
parish, and sold az lie. y n. The first received
OF the new crop of 1866 was on the 9th October,
from the parish of ST. John the Baptist, prising
a lot OF 10 hhds., chasing fully fair, and sold
at l64c n n. During the last week OF this month
three other lots Of 10 hhds. each were received
from VI e same place. but as they were not of so
good quality they did not realize high q figure
All sugar dealers and receivers row looked for
ward 10 more active business in Louisiana Su-
gars while Cuba was almost wholly neglected.
On the 2Sth 10 half bbls. of new Moasses were
received from the plantation Of Mr.. Brousseau,
parish OF Assumption, CHASING as prime, and sold
Ill. ca 49, II.
year was choice and sold 81 81 IS q gallon. To-
wards the close OF the month several other lots Of
new we're received, amounting In all to ITO bills,
all selling readily at Zoe. to 81 y gallon. In i'm
ported Molssses there was some little inquiry and
several cargoes were sold at prices rangIn fromg
As TO $50. u gallon.
NoUenlbe,. During the greater portion Of this
month business, on account OF tho limited
smoOnt arriving, was OF q very restricted char
scter. There were, however, several large orders
waiting, but holders and buyers were too much
apart in their views. each refusing to give way.
Receipts sc the month closed exhibited a steady
increase. Buyers who had their orders now con
hdeDtly expected TO purchase at lower figures.
Sales for The month 6669 bids, prices ruling I'M
steady, IS follows, viz! Ice. for common lie for
fair, l2Gl3 &c. for fully fair, 1S4Gl33c. for yellow
clarified and lac. = n. for white do. showing q
slight decline. Molssses opened With an active
speculative and shipping demand, many lots being
bought before they had time to be landed, bat as
the month closed and most orders for shipment
fll@5, shIie -eosiPss sssslosea La.xy increase,
the market closed dull and lsnguid, prices show.
ing a decline OF 20G25c. y gallon. Sales for the
month 1888 bbls Prices at the close ruled un-
settled, as follows viz: 40c. for common 55c. for
fair, Coo. for prime and 75c. y gallon for choice
Decefnber-Transsctions this month ia both
Sugar and Molssses were the heaviest OF any dur.
ing the entire season, aud We might add, prices
ruled lower. The market for sugar opened with
good demand both for speculation and for
shipment, but IS prices generally ruled too high
for buyers for speculation, the bulk OF the trade
WAS for shipment. Receipts were quite heavy.
and as the month closed with no Improvement in
the demand, prices were decidedly easier and de-
Ginning. The inquiry was almost exclusively for
the choice descriptions the lower grades being to
great extent neglected. ruled weak and unset.
ted. Sales for the month IL 947 hhds. rates
ruling as follows. viz Fair loa0llc. fully fair IL
@l2sc.. prime l3@lSlc, choice l3l1l34c., white
CHARMED l4Ml43c. holasses opened inactive and
dropping, but as the month advanced the de aad
for the choice descriptions improved and prices
became steady and drm. The lower grades were
neglected and prices Irregular. The inquiry was
principally for the Northern markets. although oc-
eationsly few tuyers for speculation and for the
local trade would purchase Q small lot. The mar.
bet, however, closed firm for the descriptions
most in request; at times the market was sImos,
entirely bare and extreme rates realized. Sales for
the month Il l96 bbls., 6420 being sold in one
week. We quote 90 closing rates 55c. for com
mon, 6SQ67s for prime and 75c. for choice.
Jdnudfy-From the commencement Of this
month receipts Of both sugar and molasses dis.
close gradual falling OF. Advices from the
country were Of such character that many buv.
ers who had been holding OF for lower frure.
were compelled to admit that the bulk OF the
crop was nearly all harvested and would fall far
short OF the estimates made early In the season,
IN fact it was generally supposed that 1t would not
exceed the crop OF the previous year to any great
extent. Buyers then, both for shipment and the
trade seemed more anxious to produce and rates
Tor all descriptions remained firm and In many
Instances 9 considerable advance was gained.
sales for the month ii GIL hhds. the market clos.
ing almost bare Of the qualities needed and prices
o. m as follows. viz: Common 93GlOc. stair I2a
i1tc.; fully fair l2l9l3c.; prime lsial34o; vel
low clarified l4Ql44e; and white do l5IlDl5Ic
hoissses was IN active request for shipment aud
and for the trade throughout the entire month.
receipts, horever, were barely adequate to the
demand, while purchasers especially for the north
were anxious to buy even at advanced rates.
Sales for he month amounted to IL I23 bhls tba
market closing firm at the following figures
ooe; Tor common I2tG7 5c. for premium reboiled;
l56IISc. Tor etrlctlV Dfina and S0e ~. - H..