New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-10-03

The market opened with strong de
mand, and the early sales were at an ad
vance of Is q lac, low middling selling al
1875 and 1870, and strict at 1885 and 1874 e.
but subsequently, notwithstanding tavOra-
bic accounts from Liverpool, the movement
was checked and prices were depressed by
New York dispatch, dated at 1890 A NJ :,
posted at the Cotton Exchange, which re-
ported spots easier and fully 18c lower, and
quoted middling uplands at 1880 and Or
leans at l916c, against 1824c and l9Ac yes
terday. The full effect, however, of this
I telegram was Obviated by dispatch Of the
same date from the commercial news de-
| partment of the Western Union telegraph,
| which reported the market steady at pre-
| vious rates, and a subsequent dispatch
| from the same source, dated at 1915,
! quoting at 1879 and 1880, showing an
| actual advance of 18c, instead Of decline
to the same extent. 1t was some tilae
| before the dispatch to the Exchange was
corrected, when the same figures were
given as those OF the commercial news
department of the Western Union,
| and the mistake ascribed to an Ger
ror in cypher message sent from New
York" We have no doubt that this is a
true explanation of the matter, but we
learn that it has been regarded as of sutfi-
Cient gravity to merit a full investigation
by committee of our own Cotton Elk.
tuauAS. w uGu We N6uD through inc mar
ket at about noon we met several factors
and brokers who had seen the dispatch at
the Exchange, and were not aware of any
other, and we have since learned that sales
were made on the strength of its false quo
tations, to the benefit of the buyer and the
injury Of the seller. During this period low
middling sold at l8Ac, and a list classed as
"barely low middling" at 1880. After the
facts were generally known and the error
" HOrTnptnI the mari {at pppDvnrp1 anA
although not as strong as at the opening,
ruled at net advance of fully 1bG on yes
terday's figures, low middling selling at
1875 0lS12c; strict do at 1875 u 1890, and
the higher grades in accordance with our
revised quotations. The business as noted
above was the heaviest of the season, ex-
ceeding the largest previously $50 bales
We remarked last evening that the sales,
as far as reported, embraced 1900 bales, but
may have amounted to a little more, We
now learn that the additional number which
We conjectured had been sold, but which
we had not authenticated, sWeIled the
amount to 2050 bales.
The amount on shipboard not cleared,
going on board and engaged for shipment
was set down at the opening this morning
at %, 500 bales, embracing $4,000 for Liver
pool, 10000 for Havre, 1000 for Spain and
3500for the North, which, deducted from the
stock on hand by our running statement on
last evening, left 10, 100 bales to represent the
quantity at the landing and in presses I'M
sold or awaiting orders.
The Exchange reports, Market firm;
demand good" Its quotations are raised
&c.
COTTON STATEMENT.
Stock on. hand August 81, 1872............. 6,259
Arrived since last statement. 655
Arrived previously .............. 63r94l- 1885
Cleared to-day. ;..,..-....-,.....-. 3,51I
Cleared previously. ....... 256l5- 29,l92 |
Stock en- hand and shipboard not cleared. Al 663
Stock on hand date last year. 97l
Receipts proper since last evening
655 bales, against Ills On last Wednesday |
and 662 last year. making an ag
gregate since Friday evening OIL $40 bales,
against 9057 last week and ass last year
and since August 81 of 81 ,432 bales, against
Ii, III last year-increase 33, pol.
The Exchange kilograms make tne re-
,eipts at all the ports frem II NJ.
to u III. today 9I33 bales,
against S5l6 last week, and 6603 last year,
md since Friday 1884 bales, against
Il, |O3 last week and q JOB last year. To
al since August 81 2O6543 bales, against
o4, 252 last year-increase I02, PSI.
Exports Friday to Tuesday, inclusive,