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

cut down one half And yet the critical
| period with regard to these pests had only
Just commenced. A glance from the bluffs
at some points showed whole fields which
appeared as if they had been withered by
| fire; and others bright and green, but by
| their very luxuriance inviting the ravages
of the scourge. Even part OF the nrst
planting was in a critical = condition;
| and the second indicated Widespread
devastation. The conclusion to which
many OF our most conservative factors ar
rived was that full yield was hardly pos
sible, even an average one improbable and
short crop imminent. The general ten.
dency was to reduction of estimates, and
1t was no uncommon thing to hear that we
could not reasonably expect any improve
nent on the previous short crop year. AT the
same time there were not a few sanguine
and hopeful spirits who Notwithstanding
all that was reported, anticipated a marked
change in the weather. recovery of the
plant, a maturing of all its developed fruit,
picking protracted to late period and
no injury from early frosts. Notwithstand
ing the evident imprObablities Of these
hopes. they were all realized. and the re
suit shows an excess of 700 900 bales over
the popular Southern estimates and 250, 900
to 800 900 over Northern. If history is
philosophy teaching by example, this
clearly shows the wisdom of extreme eau
tlOu liz CIOp CStiiudtC5 as carly d6 luC ClOSc
of the commercial year.
Such being the aspect and the prospect of
the growing crop, let US now turn to the
market The year commenced with a stock
on hand, including all on shipboard not
cleared. of $3.50 bales, against 1928 in
1871. The new crop had come in much
more freely than in the previous year, the
receipts up to August 81 amounting to l64l
bales, against only % in 1871, 100 in 1870
and 1872 in 1869. The first received was
bale sent by express from Galveston to
New York, which arrived here on the after
noon of the seventeenth of July, and was
forwarded on the ensuing day. On the
twentieth of the same month a bale was re-
ceived from Brownsville, shipped thence on
the third. and was sold by auction at 25Ac.
Another bale, expressed through from Gal
weston to st. Louis, was received and for
warded on the same day. None of these
could be regarded as any indication of the
forwardness of our crop. On the fourth OF
August bales were received from West
Feliciana, Soncordia and Natchez which
may be fairly regarded as our first receipts.
and free from the frequent objections of
being forced, in order to obtain the honor
of being the first in market, or of being con-
tributed from more than one plantation.
The promise they gave of an early crop
was realized in the liberal receipts that fol
lowed almost continuously
For the rest of the month, notwithstand-
ing these liberal arrivals, the drift of pub
lie opinion was in favor of lower crop esti-
mates. the amount COMING forward being
regarded as the product of the early plant
ing which had not been cut off by the
weather, and as no fair indication of the
condition of the rest. Prices consequently
hardened and during the first week of
September factors were enabled to realize
an advance of nc, but, under decidedly I'M
favorable accounts from Liverpool and
Manchester, the market soon took an un-
favorable turn and, although it rallied sub
sequently, yet the month closed at net de-
cline of lie aac. The following shows
the opening rates compared with the two
preceding years. and the closing rates COM
pared with the commencement Of the month
and the same time in 1870: