The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-07-18
-..3 Z IcoPY.I
nNswa0pTrANa- Nav 27- 1919.


-JnNEw,0KLEANs, May 27, 1868.
"JOs G. ssmnsI E.e Acting Collector Internal SeV''
/" De6y S;rwWill You be kind enough to inform
Ms whether cotton raised in 1868 and brought into
market prior to lst September, 1865 is subject TO
the tax OF a cents per pound, and oblige yours,
truly. E--L v,rpvkcon
TcoPY.l
"The revenue law as it now stands, exempts
the crop of 1868 from taxation. II is, therefore,
inmaterisl when that crop is brought TO market.
Quite q number of personshsye supposed that the
tax comes of cotton on the LIST September proxl-
mo, but cotton raised prior to 1868 is subject TO
tax until paid. The date is not referred to IN the
NV 'fsisns.l JOS. 9, 6 ?; sgT SSTI:e;.,
The movement of the leading staple has been
partially suspended throughout the week ending
this evening. The Offering supply has been at no
time much better than nominal and the demand
has been restricted and but sporadic at best from
the opening of the week. Rates also have steadily
tended downward under successive dscouraglng
advices from Liverpool and New York, and prices
this evening exhibit net decline OF l0l &c. % D.,
as compared with the ruling quotations Friday
evening, the 10th inst. We append some extracts
from our daily reposts. as follows, viz:
SATURDAY., Jtlg n.-With less favorable
advices from Liverpool and New York
today the market has exhibited languid
appearance throughout. Offerings continued
very light, however, and as the demand was
at TINE active or general operations nave De6u
restricted TO 100 bales, of which one party took
l3O at an average decline of &c. ~ b.
Monday, july l3-AdVces from Liverpool and
New York to-day being OF further depressing
character operations for time were partially
suspended. Most holders refused 10 uncover
their remnant supplies or to modify their
asking rates, but as two or three OF the
number concluded to meet the market, total sales
have been effected of 327 bales, of which one
party took 200 and another ll6 bales at further
Of 10 ~ Ia
Tuesday. JUN 1.-THE market has been at a
stand still throughout to-day. There were some
few would be buyers at lower prices looking
Ground, but factors were memorable, and opera
tops have been restricted TO 45 bales at irregular
figures. In view of the conflicting opinions of
holders and purchasers, it would be useless to
hazard any statement as to ruling prices.
Wednesday, judy l5-The movement in the
leading staple is still partially and almost
wholly suspended. Offerings have become SO
far reduced that it is impossible to I'LL even
trifDg orders, except in the way OF dro,
let's and as the demand has materially sbated
within the past few days prices continue exceed
irgly irregular. The total operations to-day
amounted TO only 200 bales. of which one party
took ls4 bales; and the market again closed in
too unsettled condition to admit of reliable or
even closely approximating quotations.
Thursday. July l6-0perations in the lead.
ing staple to-day have exhibited but little II
any variation. Offerings, as heretofore, were
very light, and the demand was restricted
to some three or -FOUR buyers, whose total
purchases amounted to only $50 bales. The
latest advices from Liverpool and New York
appear to have had no effect whatever, and the
movement on the part of buyers and sellers is
still wholly Influenced by their respective ext
gencies. 1t is hardly necessary to add that no re-
liable quotations are Obtainable in the present
condition of the market.
Friday, july l7-To-day we have to report
cont nued depression 10 the market. The dem and
has been confined to two or three buyers VINO
needed only few trhing lots TO complete pre-
yious orders, while the Offering supply has been
reduced to a lower standard than we have ever
witnessed before. Most holders refused to I'M.
cover their samples at offering prices, which
showed falling of in accordance with rates at
Liverpool and New York, while parties who
deemed it necessary to sell have had TO submit to
even lower figures than heretofore. Ii Is still i'm
possible TO obtain reliable quotations, but with
sales Of only 81 bales to-day we would report the
following as closely approximating figures, viz
Good ordinary, 29@-c., low midding SOc. and
middiDg Sic.
The total sales for the week amounted to 94S
bales against 1883 bales last week, and 2O33 bales
the week before. The net receipts footed up 636
bales against 346 bales last week, showing an in.
crease of 29O bales and 252 bales receipts the
week before. The aggregate exports were
| 1873 bales against 443 bales last week, and 420S
bales the week before and the stock on. hand and
on shipbosrd not cleared this evening is 1856 bale:
against 62S2 bales last week, and 6055 bales al
| the close of the previous week. The exports fo
| the week have been divided as follows: lS7;
| bales for New York, l473 bales for Havre, 1928
bales for Boston, and bales for Liverpool.