davidaulloa/AmericanStories huggingface dataset:
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-01

These We're the nominal quotations, but under
the influence OF Untavorable accounts from the
West reporting serious injury form drouth, most
factors mad become more stringent their preteu-
sious. and claimed outside rates. The demand at
the time continued fair and soon after the
opening sales were ehected at prices showing
advance of &c in the lower grades. and J., 0ic III
the better qualities. Tie NOV ement was checked.
for the rest of the month by the figures asked be-
ing above the views Of buyers. but still the sales
summed up 1850 hogsheadS against receipts of 62J
while the exports were 1893. of which 6ll to
the South OF Europe, and ,9l coastwise. October
opened with still more unfavorable crop accounts
those from Paducah, III particular reporting one
third injured ytr0sts but the intelligence had 10
apparent influence the demand which
continued slack throughout the month, the sales
being confined TO Goo bids. The receipts embraced
296 hhds, and the exports 1863, of which 355 We're to
The first receipt of the new crop was on the TWEEN
ty-sixth when a hOgshead came to hand from Padu-
cab. which thirtytwO days earlier than in 1863
At the beginning of November, the nominal stock
wa 5512 hhds. but the supply sale did not ex-
coed 5000. The demand was slack the unfavorable
course of exchange and high pretensons of factors
preventing buyers from coming forward but to-
ward the close of the month about 1000 hhds were
taken for the German and Italian
kets, which, with the previous transactions made
total for the month of 1400 hhds while the receipts
and Italy, but including 66 hhds to Bremen. With
{; reduced supply, the movement in December was
of limited extent, the sales being confined to 400
hhds while the receipts were only 139 and the ex-
ports 1896, of which ga were to the South of Europe
and the rest to France and Great Britain. The
nominal stock was now reduced to 4049 hhds but
the amount on sale did not exceed 1909. With no
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-01

Total l282U0 1926 ll220O 1874

Rice-The steady progress in the culture OF rice.
is of the marked features of trade since the
war Formerly the Creole rice was delivered badly
cleaned broken, and almost understandable in its
appearance, but was nevertheless preferred by
many account of its alleged sweetness. Whether
it has lost this property not it now compares in
every particular favorably with the Carolina pro
duct the of which it has nearly superseded. Ca.
pacious and powerful mills have been erected. and
privided with machinery possessing the latest i'm
provements for pounding and cleaning it, and the ar
slightly. 1t is only few years ago that the culture
this grain confined TO slip along the
Mississippi below the city. Now it has extended 10
other parts and is successfully cultivated i'll less
than fifteen parishes. Mr.. Beuclereau has judi
ciously added it to his statement of the sugar crop
and from his pamphlet give the following as the
product OF l8G9-tO.
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-01


little scope afforded to buyers the sales in January
were confined to ESQ hhds, while the receipts were
North of Europe and 295 to the South. There was
no Improvement in the demand in February, when
the safes were again confined to $50 hhds the re-
celPts 10 3l2, and the exports to Is Tie
new crop had thus far come forward sparingly, and
.he rev receipts changed hapds mostly at easier
prices. IN agreement with the course of exchange,
but the business was too limited to establish quo,
.a,3ns There We're some indications of a wal
VI lhe movement in March, but the sales neverthe-
les : dla not exceed $50 hhds, while prices were
WITHOUT any auotable change. The receipts were
niucn more liberal, amounting to 2607 hhds and the
exports ool, including 2.3 to North OF Europe and
~ 10 France The stock affording more scope and
me receipts being fair April opened with indica-
looking around bt nwe Syeps Tor france
concessions to which factors would not submit
III the course OF the month however parties came
together ana the sales summed ND 2iOo bhds in.
GLIDING TAO taken for France on the tweuty.seyen-I
while the receipts were 2Yil and the exports ia
DurhS the last fortnight tie market was quoted as
follows: $500 iN e
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-01

The movement in May was still more active
EuNers for France. Germany and Spain. especial II
tor France came forward with increased spirit ard
although under advancing markets at the West and
uniavorabe crop accounts, factors We're more strn-
gent n their pretensions the months sales summed
exports comprised 2464 Logheadds, of which
t93 were to the South, and 693 to tie
North Of Europe. and 3l3 coastwise. At
the commencement OF the year the crop had
suffered from the Grouth, and from it's back ward.
ness il was apprehended that it could not be saved
before tina usual frosts hence il estimated that
II would require suspicious weather to make two
thirds to three-fourts Of the yield in l868-9 in the
rest of the State. Two months later under dis.
cOuragiDg accounts, il was calculated that not
more than 15,OO0 would reach the seaboard. In
April these figures were reduced TO GO 000
Under these circumstances prices of the descr!p-
ton most i'll request ruled more in favor and dur-
ing the latter part Of May the market was quoted
as follows:
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-01

The movement continued active throuc lout the
month the sales being even IN excess of February,
while the receipts showed large falling on the for
amounting to l58 ,0G4 bales and the latter 20
1889. The exports comprised 1860 bales-the
heaviest OF the year embracing 3,i53 10 foreign
ports and II POI coastwise. :
Our bret notices of crop estimates indicate the
state of public opinion on the subject from month
to month, from which il will be observed that they
were constantly enlarging i'll Il steadily ascending
scale, but this was the more apparent IN Ann!
The developments from all quarters OF eXtra"rdl-
nary production from the prolonged PIC king season.
led to the conclusion that the entire crop would
show an excess 400 600 to 100000 bales over what
might have been counted on in all ordinary season.
Adding the outside amount to the inside figures OF
the earliest estimates would give jl0,0o0 bales.
The favorite figures, however were 3,ooWN WINCH
were assented TO by buyers and others whose pre-
dictions were constantly i'll favor of long crops.
These views had a sensible influence at
Liverpool, but their effect neutralized by I'M
favorable crop accounts from India. an active last
demand for goods, and unusually light stocks i'll
spinners hands. Under these circumstances, IN
stead of declining. the Liverpool market dvanced,
subsequently, however recedlnS TO It's previous
position In the meantime our own market had
been favorably affected not only by the accounts
from abroad, but also by the course OF foreign
change, the advance i'll which equal TO lc +, 10
in cotton, making the entire favorable influence
equal TO 11sc, but nevertheless exhibited consider
able irregularitv; ordinary and mddling advancing
only &c, while the medium grades rose y a Z.
The closing compared with tie opening rates do
tolloWS.
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-01
The months sales embrace 5000 lAds, the Te-
celpts 521, and the exports 1862.
The following shows at glance the entire move
mont OF The wear. CON pared with last wear:


1t viii be seen from the above that. compared
with last year, there Is falling Off in the receipts
OF 1898 hhds. i small part was for transliipmeut
and forwarded al moderate charges. The exports
embrace l4N62 hds to foreign parts, against % 81
last year. OF which So1 10 Great Britain, agdust
65i0; AIS TO France, against $50; 1918 north OF
Europe against 6,l2l; 1861 TO south OF Europe
Mexico, etc, against t.l6, and 1888 coast wise,
against 9i3. The city demand for baling and
SUMPTION has taken OF 1919 hhds, against 1851 last
wear.
The following table indicates the variations the
traIll Ln- u
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-01

Notwithstanding the unfavorable turn toward
the close, it will be observed that these figures
show an irregular improvement of L a asc The
sales this month amounted to III 600 bales consid-
erably exceeding any other month in the wear; the
receipts to 1872 46 bales and the exports to l43 953
embracing l23349 to foreign ports and 20 GOA coast
wise. Compared with 1863 this shows an increase
in the sales of "A 800 bas in the receipts of 50
and in the exports of q 552
The heavy receipts in January were much in ex-
cess OF general expectations and led to a general
increase of crop estimates both Liverpool and in
our own cotton circles. AT the former parties who
had counted on $500 900 to $50 900 bales now set
tied on the outside figures. The sametendency to
higher figures prevailed here but had little influence
compared with that of freights which advanced
in February l-l60Isd and foreign exchange, which
declined fully 5k y cent, equal to i al q p b
cotton. The decline at Liverpool at the same time
was ad, greater falling of being prevented by an
active demand for consumption, and the impression
that notwithstanding the increase in the American
crop. the supply would not be excessive. Our fac
tors had, consequently. to contend against an adj
verse influence equal TO &c y 10, but the net de-
cline only aac in nddling, while in good ordi-
nary and low middling it was g. The excessive
supply of low cOttona, especially OF stained and
dusty, compelled factors to offer them more freey
and the quotations for ordinary were consequently
reduced = 02Rc Buyers fer Great Britain con-
finued to buy freely in January, and a fair
business done for the Continent and the North.
The closing compared with tie opening rates as
FOL
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-01

against IS, - to Baltimore, against 407, - to
ll5,.-to Texas, against 1857, and - to other
ports, against 25 The exports Of barrels embracing
-, against 2620, Texas taking -.
The general movement is shown bv the follow ing
table, which gives comparison with last year and
the year before:
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-01

=, Our lrst receipts of new crop were bales from
the Rio Grande on the invent yeighth July. which,
were transhipped to New York, and the first from
the Mississippi valley bales. the thirteenth of
August, from Dir. w A. Cheatham's plantation, Mr..
This six DAYS later than in 1863 On the nj:
teenth there were further receipts of bales in
GLIDING from Mobile making total to that date
of Il bales against Is last YEAR since which it has
come forward slowly, the total To date beiu lU9
bales against 432 last wear.
The following table gives the gross receipts at
this port and total cro,l for tie last twev,. nnrs
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-01

Jnly exhibited still less spirit and very little OF
any moment was done until toward the close. when
5ol hhds were taken for Spain, mostly frosted al
about previous rates Tie months sales embraced
500 hhds TIE receipts 1916 and the exports 1896 Of
which 5O4 were 10 France, 523 to the North Of
Europe, and }08 cOastwise.
At the commencement OF the past month BUYERS
for France evinced disposition 10 operate freely
but required concessions from previous rates TO
winch factors were unwilling 20 submit. Finding,
however that there was no possibility Of obtaining
better terms. and being, moreover. urged 20 realize
lay the pressure in the money market, the latter
were finally compelled to give way ! q
lc T. ID, upon which POO hhds changed Lands
the particulars of which We're suppressed, but were
understood to STOW an irregular decline OF ~ IN
night Tugs, :. dl7sc n leaf and y d2c il fine and
J in heavy. After the sales referred TO- there
was some diversity OF opinion to the prices ac-
tqally paid, bat the weight Of opinion was III favor
of the following CuOta-iar1.
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-01

TOa bbls OF 200 Observation-Disclosures. BOO 70
TObnccO-Ths commercial year commenced
with a stock hY 0ur running statement Of 1858
hhds, against 28G Ill 1868, 3l9l in 1861 ana 500 in
1866 The amount ON sale was estimated at 5oc0
hhds against 1850 ia Che preceding year. atfordiag
fair scope 30 ;suy.!s. glc market s5av s.uote2
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-01

Notwithstanding the crop accounts buyers ope-
rated cautiously, and June opened with decreased
animation, but or the eighth i0ll hhds We're taken
for France, after which the demand fair.
The months sales summed up 23O0 hhds, and the
receipts 5294 Wine the xpO-Is were 1850 including
1873 20 France 1887 TO North ef Europe, and 1872 10
Great Britain. Prices we're Inanifcstlv easier and
on the thrtle.n tie matRe, was quoted as follows
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-01
nj. .37,745 1906 81,28s 1920 $1,000

Total ..5l,.45 I.,.Io ,Z58 35,NO tgUVU t5BNV
The largest crop ever raised in the State was in
1852, which amounted to 4594l0 hhds, including
1l,671 hhds allowed for cistern bottoms. Mention
is not untrequently made by the press of crop OF
10000 hhds but with little foundation as the
sumption ola cotton crop of ) coo, 800 bales.
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-01
ne Closing compared with the opening rates. az
N--f ~

The movement exhibited material falling off
the sales embracing 81 800 bales the receipts Il s59
and the exports 81 999 of which 6l92 to for
eign ports, and III 1907 cOastwise. Compared with
1863 this shows an increase OF l4Soo bales in the
sales, 13,463 in tue receipts, and IS 200 in the
exports.
Operations during the past month have been of
more limited extent and at prices showing consid
cradle unsteadness, caused by the continued dis
turbance in gold and exchange and the tuctu
atoms OF the Liverpool market. The sales embrace
l35 bales the receipts 47O5, and tie exports 29o4o
The following gives the closing rates, compared
win last month and the commencement OF the
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-01

The above figures indicate adisproportonate sup
ply Of middlng compared with the lower grades.
In fact there 50 little ordinary among the re-
eeipts that quotations for that grade entirely
nominal. The movement during this month was
in accordance with the liberal receipts and showed
considerable animation the sales summing up go
500 bales while the receipts amounted to l07 ass and
the exports to 81 l47 embracing 7iS6s TO foreign
ports and l6 ,279 cOastwse.
:" November opened with a stock, BY our running
statement of 20, 598 bales, showing excess
1866 Of 7O6s bales. With a good demand for Great
Britain and France, as well as for the North, and
only fair supply prices would doubt have been
maintained had they not been depressed by heavy
decline in foreign exchange, which gave way dur
ing the month Az as y cent-equal to nearly he
In cotton The effect of this element was partly
.neutralized by an advance Of i'd at Liverpool. In
the first half Of the month prices accordingly gave
way 1c after which they rallied, partly from the
stimulus of easier freights and finally closed
net decline Of lc. Up to this tipe nothing had
ranspired to lead to any increase in crop esti-
mates. In Great Britain they had regarded the
Northern ideas as extravagant and attached little
Importance to figures exceeding $500 900 to 900
bales.
The closing compared with the opening rates,
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-01

The movement was only little more active than
In November and not in proportion to the increase
IN the supply, the sales summing up 1888 $50 bales
while the receipts amounted to l2 322 and the ~
and 20 222 coastwise. Compared with 1858 this
shows decrease of 20 900 bales in the sales, and
exports.
The medium and higher grades were in spe:
caa Iefnest and under under rather SPIRITED
dency of prices was upward until on the
twenty-eighth low middling showed a net advance
OF 1Hc The market then gave way under the
combined Influence of heavy receipts and unfavor-
able dispatches from Liverpool and New York, re-
Ceding fully ssc, and closing as follows:
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-01

The months sales amounted to 1000 bales, the
receipts &C 29l and the exports to 1906 oracing
1887 to foreign ports, and 1868 coastwise. The first
receipts of new crop by the river one bale from
Pointe Coupee the seventh OF August. which was
three days earlier than in 1868. But five bales had
been received four days previously from the Rio
Grande too far south OF our belt of cotton growing
to serve as an indication Of the progress Of
CROP The entire receipts of new crop up Septem
Der were 432 bales, against 47G lin 1863 From this
time no discrimination was made between Old and
new, but the bulk of the receipts was composed of
the latter. Up to the close of September the pros
peets with regard to the growing crop were so IA
vorable that IL was confidently anticipated our
ceipts at this port would show excess of 100000
bales over the previous year reach LOCO 600 bales
but early in October simultaneous reports from
various parts OF the country OF serious injury from
worms as well as from drought and rust,
reduce their estimates 50 900 to GOO bales. The
popular estimate near 100000 bales but the
Hess sanguine would not admit of more than $50.
co. These figures it will be observed nearly 250
600 to 600 bales less than the result but instead
Of indicating any extraordinary liability to error
on the part of the trade, they demonstrate how
much the final turn out depends on the weather
from October to February, inclusive With an or
binary winter, and the average casualties of the
season. the result would, no doubt, have agreed
like SO many sO-called estimates, predcated on
mere conjecture, colored by ardent desire for q
large crop, but was based on reports and cores
pOndence from reliable sources in various parts of
the cotton growing districts connected with this
market The unfavOrable intelligence referred TO
had sensible influence prices, both here and at
New York, and the previous rapid decline was not
only arrested but followed during the early part
OF October, by recovery of &c, after which the
market again gave way and closed AZ little varia-
decline of fully 1sc in middling the comparative
quotations being US follows:
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-01
January y. February %.

shnuriuy a considerable falling off from January
and embraced l56 800 bales while the receipts
SaS 81 ,vhich were the heaviest OF the year, and
the exports l42 $780, embracing LIZ, o59 to foreign
ports and 2o52l coastwise Compared with u 1899
This shows an increase e,o 81 & N 5nf ses sss'S
~ 1,e f,rfher increase in February over the heavy
receipts in January the
o. nne 1h"nt Interruption but caused the bolls to
sOeD n fully The Of picking a oe 5ss
iaSorers, liberal pecaniary Sa@ ss there was
e and s 10 s. gathered indicated that the most
q our fse sssb or w0 ~erhaps
ree1fed nv sss made st the North, before any
sn ssricous circumstances could be reasCG
SHY Counted Hence sss New &C. bales
oatcs WE time the indications were that c01'
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-01

responding increase in consumption would pre- vent
any material decline from the reduced rates OF
February With such views factors refused much
higher figures in March than they could subse-
quently fealize The adverse influences, how.
ever in this month were five per cent
on foreign exchange, and I'D at Liver
pool. making an aggregate equal to Ike y tt
In cotton but the decline in middling and low mid
ding respectively, was only AZ and Ia 0lac. The
lower grades from their excessive supply, and being
in only limited demand, gave way TO a greater ex-
tent. Good ordinary showing decline OF IL u &C.
and ordinary of laa02c. Stained and dusty lots
could not be worked off unless at less than inside
rates, and where factors were compelled by their
instructions to realize often sold srill lower: the
qualities going at difference OF lc i, u.
Under these circumstances the closing compared
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-01

The movement was still more active than in Oc-
tOber the sales summing up 1923 400 bales while the
receipts were 1872 and the exports IS GIL EN-
bracing 50 $40 to foreign ports and 1871 coastwse
bx1esin sales and 104l in receipts, and decrease
Of 1907 in exports.
{, Up to the middle of November buyers for France
and the Continent had operated very freely while
the demand for Great Britain had been unusually
slack, but the latter now improved, while less was
December were double the amount in November
In accordance with this change there was more
competition among buyers for Liverpool, which
strengthened prices throughout the month either
2essening the decline increasing the advance.
Nothing had transpired yet to warrant Northern
crop estimates. There was, on the contrary, gen
eral conviction that they were two high as they
had been from the commencement. 1t was sup
posed that when the facts with regard to the crop
were more fully developed there would be gene
raj reduction Of extreme figures, with a simulta-
neous improvement in prices. Many factors
consequently reluctant to accept the ruling rates
but, with increasing stocks, others compelled,
ings were ample throughout the month, the supply
OF the poorer qualities had become more
cOpiOus and were neglected, but mid
ding and the finer kinds We're COM
paratively scarce and in request. Hence while
there was an actual decline in ordinary and
binary up showed an Improvement, which was the
most marked in middling and the better qualities.
Prices unfavOraby affected by the course of
the Liverpool market, which, after fuctua-
lions, closed at net decline of sd, and when this
was partially neutrazed by decline of I'D i'll
freghts, the market was also depressed by foreign
exchange having given way 2a d23s per cent, equal
the quotations at the close, compared with the
meucement as follows;
New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-01

responded to the downward tendency at New York,
and by the close OF the first fortnight prices had
gwen way fully lc. This was followed by more
marked decline in the third week, when parties
were compelled to make further concessions to the
extent Of Pr d3c, after which there was further
decline Of 2c making the entire reduction for the
month 6dessc Planters had anticipated much
lees unfavorable result and averse to selling
at the ruling rates. Factors, ON the other hand,
were Of opinion that the best policy would be to
meet the demand until the exigeuces of the fall
were covered, and from the proceeds Of sales both
planters and factors be in o stronger position to
hold on for the winter and spring. and thereby force
recovery from the previous decline by the pressure
river landings at this period at 2S02sc could
not have been sold here at z7d28c, but the own,
ers ordered it held for 20 and 80 and although they
subsequently reduced their limits, yet they con-
stantly exacted lc more above the ruling rates,
until prices dropped 50 low that they ordered their
crops withdrawn, and made arrangements to await
the spring movement. In this, however, they were
disappointed, and after being held untii ne past
month their cOttons were sold at lSc such dlsas-
trous resnltsfhow the impoicy OF holding IN oppo'
sti0n to the views of factors who from their posi-
ton and connections. have the best opportunities
of forming correct judgment with regard TO the
probable course OF prices
The closing rates compared Win the opening
quotations as follows: