New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-01
stock on June 80 at all ports in the Unite,
States for the last five years:

Throughout the year all transactions from
first hands have been on the gold basis, and
the jobbing business in currency.
The following from Messrs. Small g. Co.'s
circular shows the general course of the
market for the coffee year: "The first receipst
met with quick sales at remunerative prices;
the imports for the months of September
and October not being sufficient for the de-
mand. In November the supply became
more liberal, which was freely taken by the
trade; but in December and January it was
entirely inadequate; stocks were exhausted,
and prices advanced - q Ac y 10. Feb
ruary followed with heavy receipts, and
over 10000 bags were sold in that month at
very full prices; notwithstanding the bust
ness was less satisfactory to the importers
than that of any previous month, owing to
high Rio cost. Subsequently Congress again
agitated the tariff question, proposing to
put coffee on the free list; causing general
stagnation for a short period. Meanwhile
the impression became general with large
dealers and the trade throughout the coun-
try, that prices were too high in Rlo, and the
imports tO.the States beginning to be in eX-
cess of demand; which eventually proved
to be true; since when prices have gradually
declined and steady depression Of bust
ness ensued; nearly, or quite all cargoes
sold resulting in loss. Hence, the year
closed very unsatisfactory to all Had the
receipts been limited to $4,000 bags per
month, as suggested in our last annual
statement, and more equally distributed at
the different ports, the result, We predict,
would have been quite different.
Average increase of imports per month
in the United States, for the past year, 3D.
$50 bags. Average increase of sales per
month, 1880 bags.
ave estimate the consumption in the
States for the present year at 100000 bags
per month, of which New Orleans should
receive a fair proportion, estimating our
requirements at 100000 bags; even 300, 1000
would not be excessive, II equally dis
tributed, during the business season. We
are led to this conclusion from the fact
that the sugar crop of Louisiana promises
to be large one, in which event greater
number OF Western merchants viii be at
tracted to our market"
Messrs. Lonsdale, Marks & Co, under the
same date, say: So The total imports demon
strate an increase of forty-fiye per cent, and
from the lights before us we are embold-
ened to believe that the season Just entered
upon will exhibit at its close at least cor
responding augmentation. The business is
becoming more ramitied, and the rentree of
old firms formerly engaged in the trade,
the embarkation of new ones, the anti
cipated establishment Of other large job
bling houses, and the Importance now be-
slowed on our market by cur Western
friends, confirms our belief that bust
ness. wrested from US by unfortunate and
calamitous circumstances, is rapidly tend
ing back TO its conceded natural lines.
1.-THE Western demand the past season has
been met principally by dealers, and shows
a decided increase over any year since the
resumption of the trade. In mid-winter with
ample stocks offered at figures as low, if not
lower than Eastern markets and with an ad
ditional margin of cheaper freights we can
rely confidently upon the growth of this i'm
portant source of distribution.
From the Price Currents tables we collate
the following, which gives the direct i'm
ports at this port from 1914 TO 1861, inclusive,
from Rio Janeiro, Cuba, Laguayra, etc., and
the direct and indirect since: