New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-01

As the receipts continued liberal, the movement
was OF fair extent. the sales embracing CO. 400 "a
,223 were to foreign ports and 1926 coastwise
Compared with 1869. this showed an increase of
q 300 in the sales 1856 i'll the receipts and % 006
in the exports,
The year was now drawing to a close bEt with 4
less rapid diniinution of the movement than usual.
when the Price Current made I, count OF the stock
early III the month, the amount found III presses
and pickeries was 529ll bales; on sLphoard, not
cleared, l7,708; total 706l4, which 1852 bales
i'll excess of the amount by running statement.
This was much less than the ordinary proportion.
The results for several years give y per cent on
the recorded receipts as the average increase from
additional bales made out of pickngs. damaged
and loose parcels, but the above is only 1916 per
cent on the total receipts up to the date OF the
count The difference was ascribed 10 their having
been fewer arrivals of damaged bales than usual,
and an unusual quantity having come forward in
unmerchantably light bales of 800 pounds and less,
which were consolidated into bales of $50 pounds.
A considerable portion of the amount III presses
was awaiting shipment, and of the balance unsold,
only moderate amount actually
sale, the rest being reserved in anticipation of an
advance by the close of the year. The supplies
offering moreover contained SO large proportion
of low, stained and dusty lots, that clear, white
cOttons of the medium and higher grades were be-
coming scarce. Such description. consequently,
ruled disproportionatelv higher than the lower
grades but under the depressing influence of a de.
cline in foreign exchange even these kinds gave
way during the first ten days lie. On the eleventh
the movement was interrupted by threatening tele-
grams from London and Paris, indicating a rupture
between France and Prussia. The immediate
erect was a WITHDRAWAL tOt buyers nom the
ket, and factors being compelled to give way fully
&c in order to effect sales On the twelfth the in
telgence still more serious, and several pend
ing orders cancelled On the fifteenth all
hopes of pacific solution Of the existing coInplca-
lions were dispeed. and for the following week or
ten days the market rapidly declined under the
accounts from the seat of war, their effect Liver
pool and New York, and the course of gold and ex-
change low middling sinking to l6dl64sc showing
prices were governed by the New York market and
the course of gold and foreign exchange and the
sixth low mddling was quoted at l545 Uiac show
ing a recovery of &c. The effect on the Liverpool
market was more marked middling Orleans being
quoted on the tenth at 9si 0978d; during the en-
suing four DAYS nominal and unsettled; on the six
teenth at esd the twenty-tirst at Sad; on the
twenty at "a 18s5d; on the twenJy-eighth
at Cd, and on the twenty ninth at 156d which was
the lowest point, the market recovering ,, sd on
the ensuing day, when the quotation was raised to
8s OoAd. The apparently abrupt decline on the
twenty-hrst from 95sd the previous day,
to 8eSd-or IN fact, from the former rate at HIS A.
NJ to the latter at l:20 p M.-appears TO have been
merely an adjustment of undetermined falling
on during the progress of the week. The effect of
these fi'Ictuations on our market was materi-
ally Tlodlned 10y the course of the New York gold
MAJ and foreign exchange: Al sterling ruling on
u mn AT lZ30l2i4 gold 1929, }; on the tif-
q It ~ Z al25ss. tsold 1854 }, on the nine
l35Wl334s tgod l2243) on the twenty
second al l5s1a Gl'D tSod 49, the twenty-sixth
At l3l 01Ra lgold III ~; on the tyeptv-uiptb at
1907 al3l lGod l20Ss) and the thirteth at 1917,
dl24 tg0ld l2lS). During the whole OF this fort
night 1t was difficult to effect negotiations the
banks taxing only limited amounts al tine ruling
rates, and charging for their own bills a disnror,or7
tionate advance.
The closing compared with the opening rates. "a