New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-09-02

which this, more than any other year, have
made such great advances.
The quantity of false and frauduiently
packed cotton shipped to this, and we be-
lleve to nearly every other market in the
United States since the war, caused the
adoption of various devices for the thorough
examination Of every bale, and the detec-
tlon OF fraud has consequently been reduced
10 almost certainty. These examinations,
oy means OF boring, ETC., are made through
the buyer after purchase, and entail much
loss IN weight beside the expense neces-
sary to the employment of competent in
spectors, tax which il made up by the re-
duced price at which the buyer is enabled
to execute his orders, and, consequently,
reallDfalls upon the producer.
That considerable portion of the false
packed cotton is the result of carelessuess
and ignorance rather than a deliberate in
tention to defraud, we are fully prepared
to beliexe; but still so many evidences of
the latter have been made apparent within
the past twelve months that serious and
determined effort should be made by every
gooa man to frOwn down and expose 30 in
furious and criminal practice.
We call attention to the fact that in the
criminal code of nearly every Southern
State, provisions are made for the punish
ment of those who falsely and fraudulently
pack cotton, so that not only does the
pdChtT IOsc heavily Nv OclCCliOi, iioih VIC
depreciation in the value Of his shipment
1.-THE price being regulated by the poorest
quality in the bale), but renders himself
liable to conviction for felony and a conse-
quent long Imprisonment.
We earnestly call upon each planter and
country merchant to aid in stopping this
injurious practice, not only by direct pro-
ceedings, but by forwarding to this institu-
ton, with proofs, the particulars of every
casa no,pip0 within hio
THOMAS. II. HUNT,
Acting President.
H. G. HESTER, Secretary.
While we commend the above to the con-
sideration of planters, we would also sug-
gest to them the advantage they would
derive from increasing the weight OF the
bale to 800 pounds The average furnished
at the customhouse of our exports is only
$50 per bale, and if the bales were made
fifty pounds heavier, the charge from the
interior being per bale, there would be a
manifest saving in the freight There are
other considerations, including crop esti
mates, which make such an enlargement
expedient.
The excessive supply of such bottoms as
we have described, as we'll as the lower
grades generally, had decidedly unfavOr-
able influence, but the demand was quite
active in November, and the sales of liberal
extent, although at irregular and lower
prices, the following showing the closing
quotations, with the usual comparisons:
Nov. so, Oct. 81, Nov 30,
Ordinary. aisa. ls 0lsss l6&9ls.s
aH% dillsel.ns As Sss issIs 1 asS!s
From the above it will be seen that the
months business resulted in o net decline
of % a asc in good ordinary and lae in low
middling, with no change in middling and
an improvement of y q Ac in ordinary. The
movement at the same time had shown
much more activity, the gross receipts sum
ming up 1884, O39 bales, of which l60, 1865
were in November, the sales 286, 400, Of
which l27 500 we're in November and the
exports 24s, 100, including l24, sos in No
vember. embracing 8O,33O to Great Britain,
So 678 to France, %, lis to the north of Eu-
rope. IS. l02 to the south of Europe, prin-
cipally Spain, and 81, 1895 coastwise, show
ing, compared with the previous year, q
falling oft of 81 bales to Liverpool, and an
increase of 81 $50 to France, 22,946 to the
north of Europe, 49, 1913 to the south of Eu-
rope and 63S cOastwise The figures indicate
a comparatively slack demand for Great
Britain, while buyers for the continent
came forward with increased spirit.
December exhibited still more activity,
and general tendency in favor of fac
tors except during the third week, when
prices receded IS q 1ac; the market closing
at net advance of y q 7se in ordinary,
/ lsc in good ordinary. Y a Iasc in low mid
ding. and rs a lc in middling. Throughout
this month the foreign accounts were favor
able; trade was active at Manchester; the
movement animated at Liverpool, and the
statistical position was regarded there as
constantly growing stronger. At the same
time there was considerable speculative
feeling, which was increased toward the
close BY falling off in our receipts, which
was construed to indicate that the current
crop estimates were too high. Middling
uplands consequently closed at l0la q
105Sd, against esd at the lowest point in
the previous month; showing a much
greater improvement than had been real
lied on this side. At the close the quota
lions in our market compared as follows:
Dec. 81 Nov. 80, Dec. 81
1871. 1872 1872
Ordinary .......- a. 16b 0l6i II 6l7k
Good Ordinary. 1875 al8as 17s OTIS 13h0l81i
Low Middling .l85s 0l9 11.s 0lS3s 1915 al9k
Mddlng.... 1874 dl9b l3H0l9 1874 d20
Our raoaints at all tho unrta now 20 midi VI,