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

The gross receipts for the fourth uarter
comprise 1853 bales, embracing 25,042 in
June, 2,2So in July and, including "a. 800 So
called "city CROP 36, 1879 in August; the
sales 10l 1875 bales, embracing $4,000 III
June, 30, 100 in July and IS, 225 in August,
and the exports l59, 1873 bales, embracing
90,84l to Great Britain, 1888 to France
to the north of Europe, II ,244 to the south
of Europe and 81, 2l3 coastwise.
In noticing the difference in the two
methods of qu0tating the market adopted
and most of the daily papers, we remarked
last year that the cause was well under
stood in New Orleans, but for the lnfOrma-
ton Of readers elsewhere, we made the
following explanation: The Cotton Ex-
change gives only single rate for each
grade, which applies to its official types,
carefully preserved in type boxes for refer
ence by its members. Both the single rate
and the type were regarded as necessary or
expedient to promote prompt and satsfac-
tory settlements of contracts. This matter,
however, has not cOnficted with the time
hon0red usage in our market OF giving the
principal range, avoiding exceptional ex-
tremes for each grade respectively, which
varies at different seasons and under varl-
GUS circumstances. Taking low middling
for example, the usual range between a
merely merchantable list of that class and
a high style, not strict, is Ac, and of strict
Is q 4c. When, therefore, low middling
rules at goa 2OAc for average lists and
20as a 2011c for strict, it is quoted at 20 a
2012c. which is well under stood 10 cover all
the intermediate qualities from the lowest
to the highest. At exceptional times
the range has been confined to Ac,
and in rare instances has been ex-
tended to % and even a4c, depend
ing on the relative demand for kinds barely
strong enough to be passed by the classers
in other markets, or for higher styles and
qualities wanted by spinners, or to meet a
rigid classification. The purpose Of our
quotations is to give faithful representa-
ton of the market at all times and under
every circumstance, and in discharging this
duty with extreme care, independence and
fidelity, and obtaining information from all
who participate in the movement, we be-
lieve we do not assume too much in claim
ing that our quotations have won the ap-
prevail, not only of our cotton circles gene
rally, but of the Exchange committee, to
whose opinion we have always rendered
the Difference they deserve, and to whose
intelligence and impartiality in the dis
charge of their delicate and responsible du-
ties we can fully testify.
The remarks made last year are equally
appllcdDl6 now, Wnlle Lne Wluer range taken
by prices at different periods of the year
illustrates the correctness of the principles
they enunciate.
The first arrival of new crop was bale
of Texas, from the Rio Grande, shipped
from Brownsville to Galveston and thence
by steamer and rail to this port, where it
was received on July 10, consigned to
Messrs. Gordon & Gomilla, who forwarded
it by express to New York. This was sew
enteen days earlier than the first arrival
from Texas last year, but could not be ac-
cepted as an indication of the fOrwardness
of the crop in any other than that extreme
Southern district. The first of the Missis-
sippi valley crop was a bale raised on the
plantation of Mr.. c. A. Pierson, Cane river.
Natchitoches parish which arrived here
on the twelfth of August, consigned to
Mr.. Oscar Chopin, and being offered at pub
lie sale on the ensuing day, was knocked
down at q IA to Mr.. Frank Won Phul, who
forwarded it by express to st. Louis, where
it was resold at the Merchants Exchange
at the fancy price of zoe. This was fol-
lowed by two bales on the fifteenth from
Tensas parish, respectively consigned to
Messrs. T. H. g. j. NJ. Allen &, Co. and
Meyer, Weiss & Co. The bale 10 the latter
was sold to Messrs. WOlkart & Meilleur
cotton brokers. The quality of these early
receipts inspired hopes that the incoming
crop will prove much better than last years
The following shows the dates Of the first
receipts for twenty-five years, irrespective
of source, except for the last ten years: