New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-01


vanced 3 Is 03@c, while Liverpool responded
with an improvement of q n sd, and our
own market rose 2h a 2lac in ordinary, 2Nc
in good ordinary, 334c in low middlng and
Az Q4l4c in middling-the ADVANCE in the
better grades being the heaviest, in con,
sequence of their comparative scarcity and
being in brisk demand from the spinners.
At this time-June 19-ordinary was quoted
at l41e a 15Ac, good ordinary at II "a 0l7&c,
low middling at 1914 19a4c, and middling
at 201a 02lc This was the highest point of
the year. In the ensuing week the crop ac-
counts were more favorable; Liverpool re-
ceded a fraction, and the New York
market was unsteady and irregular,
while in our own, low middling gave way
s. q Sac, and good ordinary lc.. This was
followed by further falling off of 12c, but
the dispatches from Liverpool and New
York being favorable, this was recovered,
and the closing rates showed net improve
ment during the month of Ia d2c in ordi-
nary 17sc in good ordinary. Sc In low
| middling, and 37s a414c in middling. The
movement under diminished supplies, pre-
scented a material falling off, the sales en-
bracing 81 400 bales, against l24, 900 III May;
the receipts 40,596, against S,2l7; and the
exports IS, l2l, against 1914. The stock,
by our running statement. was reduced to
59,6S7 bales, against 9S,l02 on May 81,
l7l,0l9 on April 80, 239,937 on March 81,
and 1888 on February g. The closing
quotations, compared with the previous
months, as follows:
Ordinary. 12A as IA ais
Good Ordinary. ....-..... 4 : 9I4B l6 9I64
Low Middllng. ,..'...''.' lSId1 d01a o.
Mddllng. ................. 10 a. ZoA 0EV4
Operations in July were of still less ex-
tent, the sales embracing 1850 bales,
against 81 400 in June, the receipts 1854
against 40,596, and the exports 1884 against
1861, while the stock, by our running
statement was reduced to 1884. Prices
exhibited increased irreguiarity The or
binary grades, being regarded as disprOpor-
tionately low, were in good demand, and
ruled still more in favor of factors, closing
At net advance of about lac; good OFdi-
nary advanced 1Rc during the first ten days,
then lost l4c of the improvement, and in
the last week gave way still more, closing
net decline of lac from the opening rates.
Low middling exhibited a more marked
downward tendency, giving way during the
first week l4c, during the second week to
the same extent, and during the last week
3ac showing a net decline of lac. Mid
ding appeared to be entirely neglected and
nominal throughout the month, the quota
tons for it being predicated more from the
asking rates than from actual sales, few
or none of which were reported. Not
withstanding the decline noted above,
middllng uplands closing at a net adj
vance of l-l6d and Orleans at. sd, but
at New York prices gave way 1Sc. On
June % the Price Current made an actual
count of the stock, and the amount in
presses and on shipboard, not cleared:
proved TO be 1885 bales in excess Of the
running statement, or about l.35 per cent
on the total receipts, which Is a much larger
excess than was generally expected. In
lS69-70 it was 0.S0, and in 1866 i.l2l2.
On the first OF the month the New Orleans
Cotton Exchange issued its first crop re-
port. 1t represented the spirit of volum-
nous correspondence, impartially cOlated
by the committee, and condensed into in
telligible results, and commanded general
approval in our cotton circles. At the
North, however, and abroad, it was re-
garded with distrust, simply, as far as we
could see, from its presenting a much more
discouraging aspect than the colour de rose
statement published by Northern papers.
There can be no doubt whatever among all
who know the committee, and the iudicious
means used TO obtain the information
requested from planters and country mer-
chants, that il contained a faithful
reflex OF public opinion in the in
terror. The correspondence was from
nearly two hundred persons, who were
known by the committee, or haG hce1
recommended to them for their reliability.
We regard this means OF obtaining correct
information with respect to the growing
crop, as the most trustworthy and efficient
ever adopted, and well worthy Of being fol-
lowed by the trade at Galveston, Mobile,
Savannah and Charleston. the closing
rates compared with the previous month, as