New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-09-01

iCllONs:
The quantity of false and fraudulently
packed cotton shipped to this and We be-
Iieve 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 detection
of fraud has consequently been reduced to
almost certainty. These examinations by
means Of boring, etc, are made through the
buyer after purchase and entail much loss II
weight. besides the expense necessary to
the employment OF competent inspectors
price at which the buyer is enabled TO exc
cute his orders and, consequently, really
falls upon the producer.
THAT considerable portion of the false
packed cotton is the result OF carlessness
and ignorance, rather than deliberate in
tent.Or to defraud, we are fully prepared to
believe: but still go many evidences of the
latter have been made apparent within the
past twelve months, that serious and deter
mined effort should be made by every good
nan to frOwn down and expose so injurious
and criminal practice.
I'VE call attention TO the fact, that in the
criminal code OF nearly every Southern
State, provisions are made tor the punish
ment OF those who falsely and traudulently
pack cotton, so that not only does the
packer lose heavily by detection. from the
depreciation in the value of his shipment
the price being regulated by the poorest
quality in the bale, but renders himself
liable to conviction for felony and a copse-
Queut long imprisonment.
I'VE earnestly call upon each planter and
country merchant TO aid IL stopping this
injurious practice, not only by direct pro
ceedings, but by forwarding to this lnstltl-
ton. with proofs, the particulars OF every
case coming within his observation
Although the movement in January ex-
hibited considerable activity, i was mate
rally less than in the previous month, the
sales summing up 2S2,300 bales, against
gross receipts OF 272,ta3, while the stock by
our running statement was increased to
800 bales, and the amount uLsoid was
estimated at 1860, showing an apparaut
increase during the month OF oS,tOO. A
large part OF this visible supply was held
Oft the market for future orders. and a con-
siderable portion also consisted Of unmer
chantable kinds requiring rebaling. but
making liberal allowance for all that was
noc actually on sale, the offerings were
liberal ana presented ample scope to buy
eIs -or whatever market they were holding
eIde-s. The movement in February, con
seouentlv. continued animated, although
again slowing falling of III volume, while
prices hardened, rising during tie first
fortnight 2. q ic, and after Eubseq uently
receding fraction, closing a. a net advance
for the month Of Il @ 42c. The sales
summed Up 50, SOC bales, against gross re-
ceiprs Of 2i7. l0l, while the stock by our
running statement was increased to 325, obs,
20 which i: had receded from its higheet
point OF 3i0,32t en- February IA. The
amount unsold was estimated at 200, SEQ
bales, showing further increase of
- 300 bales. The gross receipts during the
second quarter. ending en- February %,
summed up Sl5,742 bales; the sales G2O,410,
ard the experts GlS, Ala. of which 1856 532
were 20 Great Britain, 1870 to France,
II ,07S TO the north Of Europe, 4G,7l9 to the
south of Europe, principally Spain, ard
72,As5 c0ascwise. Compared with the cor
responding three months ia 1928 this
showed decrease OF 1880 bales to Liver.
pool and 1917 coas.wise. and an increase Of
1856 bales TO France, 5l07 TO the north OF
Europe and 1895 to the south OF Europe,
giving net increase OF 53.S72a. The course
OF the Liverpool market during this period
continued to be mainly affected by the ac-
counts from this side and the prospective
supply. il relation 20 which there was con-
siderable conflict Of opinion, although the
leaning WIS 10 higher crop figures, 1850 ESQ,
being regarded as conservative.
March consequently opened with increased
depression in prices, although The demand
ding declined to l4A l41ec, but as the re.
ceipts soon exhibited sufficient falling off TO
attract attention on both sides, the market
soon rallied, and for the rest of the mon th
exhibited a pretty general upward ten
denoy, closing at net advance OF q q
Isc. The sales embraced ls7 900 bales,
and the gross receipts 27,ei0, while the
stock by our running statement was re-
duced to 2t5.ll6 bales, and amoE1r unsOld
~ 11,~ Il <,f
IS. 600 bales, which is Only $3.50 bales more
than the difference between the sales and
gross receipts.
The falling OF in the receipts row became
more marked, and tie movement was pro-
portionately restricted. April, neverthe
less. opened at rather easier prices, but Ia.
der the question OF supply, the market soon
rallied, and tending upward Tor the rest 0.
the month, exhibited let Improvement OF
! &c. The sales embraced 1C7 800 bales
and the gross receipts only 1893, while
the stock by orr running statement was res
duced TO III .3l3 bales and the amount un-
SOLD TO Gs,000a showing falling off Of $500
gainst difference between She ggoss Fe
ceiots and sales OF 90, 400
May commenced with slightly antayoF
BILE reaction, Durs under a light supply and
q fair demand. the market soon rallied and
at the end Of the Grst fortnight exhibited
net Improvement OF Sboutaic on the low
est poinf, bus during the ensuing ten days
the advantage was on the side Of the buy
eTs. the net advance at the ciGse hardly
exceeding iSes The movement, moreover
exhibited only moderate degree OF ANNA
tSore the sales embracing 1850 bales
against gross receipts Of 81 1852, while tine
stock by our running statement was re
Guced 20 ~ ,S9S bales and the amount unsold
20 So, 500, showing decrease Of 10000
| bales, agains@ q difference between Che
sales and gross receipts OF l2,900s The en
tire movement for these three months com
! priseG 2:32,165 bales gross receipts, 1868, 25S
| sales and 4S0,60l exports: the last embrac
| ing 2l3,265 to Great Britain. GG.9C5 II
France, l0l ,4l4 to the north Of Europe,
l4,05j to the south OF Europe and 1896.
eoastwise. Compared with the correspond
| ing quarter in 1873 this shows decrease O.
1857 bales to Great Britain and an increase
| of 1888 to France 1854 to the north o
| Europeo 1893 80 the south of Europe anC
| 9oS coastwises showing a act increase Q
! 3015S.
The movement for the past :hree month
has been of limited proportions. showing
| greater falling of than was expected, an(
| nbracing only about one-half of last year
business, while prices have exhibited
good deal Of irregularity, closing at ne
decline for the quarter Of \. a 1ac. Jun,
| exhibited downward tendency through
| out the month, closing at net reduction O
about &c. For the first fortnight the de
| mand was slack, but buyers subsequent,
| came forward with more spirit and abou
| two-thirds of the entire business was dom
| during the last two weeks, the month
| sales embracing 81 $50 bales, against gros
| receipts of 20.303, while the stock by on
running statement was reduced to ALA
bales and the estimated amount unsold t,
3o,lO0, the last showing decrease of % zoe
| against difference between the sales ant
gross receirts of $50 ,Julv was still les