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

to II o56 hiiGs, and the amo1n-ien sale to
ll,lW. The accounts from the West stated
that the crop had been generally housed
without any serious damage from frost. and
or the whole that in quality il showed no
Ialiing on from the preceding year. In
fact. the Chief complaint was that in some
districts there had been more worm-eaten
taan usual II was estimated, moreover,
1hat the crop would give an average in
quantity. and. with the surplus of the pre-
Elous year, offered an ample supply. At
TINS time, in the perturbation caused
oy the suspension OF currency pay
ments and the substitution Of GER
tiled checks, attention was di-
rected to the amount of advances by the
city banks on the unsold stock, and, as
usual in such cases, there was good dea1
of exa operation. little over half million
being magnifed into four times that amount.
Had the reggie buyers continued their pur-
chaaes. all the accommodations by the
banks would have been cleared OFF. but the
factors being left TO carry a stock valued
at about 100000, it was only fair to ex-
pect that the banks would aid them to the
extent o; az least liloiety Of that sum. an
expectation the more reasonable from to-
oseco paper having proved unexceptionably
safe, and the banks cOncurring in the Opin-
portfolios. Other branches OF trade. how
ever, were pressed for means to meet their
accruing obligations, and in turn pressed
the banks for aid. Under these circun-
stances, in order to assist others, the banks
called for pretty heavy payments on re.
newal5 Of tobacco paper, which were
met promptly without any one being
forced to bring out buyers by liberal
concessions. November presented no
+na la,,, AVID To
wards the close, when nearly 500 hhds
changed hands, making d total for the
month OF SO hands, against receipts Of only
%, and az the exports summed up 1861
hhds, the stock by our running statement
was reduced to 1926 hhds, while the
amount on sale was estimated at not over
$500 hhds. Prices in the meantime had no
doubt shown some icregularitv, but, all the
particulars being withheld, quotations were
unchanged. The general tendency in De-
cember was TO decline and quotations
were reduced tsc for lugs, and a4c for
medium to good Leaf. The movement,
however. showed more animation, the sales
embracing 1899 hhds, against receipts Of
2l5, and as tbs exports amounted 10 2l75
hLdse the stock on hand by our runniD 2
statement was reduced to $500, and the
amount on sale to 1923. In January buyers
for the Reggie came forward but with much
lower offers, and after considerable negO-
tiation compromise was effected by factors
giving way y a lc II Tugs, and ALA in
Leaf, 5c5hc being accepted for common
Tugs, Sic 4 sc tor medium 616ac for
good, -97c tor hneo GGTc for low
leaf, Il o5c tor medium zoe for fine and
II a l2c for selections Under these conces-
s!ons the market was quite active. and the
sales for January summed up 1898 hhds,
against receipts Of 627, and as the exports
amounted to 2l2S hhds. the stock By our
running statement was reduced to 1881 hhds,
and the amount on sale 30 1925. Prices.
however, showed no recovery The largest
buyers then Withdrew and February showed
but little activity, the sales being confined
10 1907 hLds and the receipts TO POI, while
the exports amounting to 25l5 hhIs, the
stock on hand by our running statement
was reduced 10 1928 hnds and the amount
on sale 3i00. Prices at the same time showed
g further tendency in favor OF BUYERS. Early
in March the inside figures for Jugs were
reduced l2c, but with no other change
while the market was extremely dull
throughout tine month and the sales were
confined to l56 hhds, the receipts summing
up li04 hhds and the exports 21l3. This
reduced the stock on hand bv our running
statement 10 3i97 hhGs and the amount
on sale TO 3215. Nothing transpired dur
ing the month to Indicate any change
il prices. The receipts of new crop were
more liberal IN .Apriis and although cOnsid-
erablv slor. of what was expected, they
appeared to impart an additional impulse
to the demand which became more active,
but without any hardening Of prices. and
the months sales summing up GA hhds,
against receipts of 2l33, and as the exports
were only 900 hhGs the stock on hand by
our running statement was increased to
1850 haus, while the amount on sale was
estimated at $3.50, a large business could
have been done this month had factors been
willirg to make the concessions claimed by
buyers. but they contended that the
market had declined to It's minimum point
and refused lower Offers AT the same
time they were confirmed in their views by
an upward tendency il the Western mar
kets, stimulated by the expected adjudica-
ton of the French and Italian contracts. In
May the receipts were still more liberal,
embracing 5l05 hhds, while the sales were
only oSl and the exports 1913, lncreas.
ing the stock on hand to 1884 and the
amount on sale to 5500s Prices were
maintained without any quotable variation.
There was no improvement in June, until
toward toe middle OF the month, when, with
threatening prospects for the new crop and
a material advance IN the Western markets,
quotations were raised a | lac, while, with
a good deal of speculative action, the mar
Ike. exhibited some excitement and the
sales summed up 1863 hhds. while the re-
ceipts amounted to 1855 and the exports to
1l3i. leaving stock on hand by our run
rine statement of 10, 1873 hhdss Including
the stocks held by SPECTATORS the amount
on sale was estimated at $500 hhds. july
exhi bited still more excitement and under
further gloomy crop prospects, not
being more than a fourth OF crop ex
pecred in Kentucky and Tennessee, and a
continued advance in ali the Western mar
kets. prices exhibited an additional advance
of p e2co The sales large proportion
of which was to Reggie buyers, summed up
3l63 hhds. the receipts 1868. and the exports
1860, leaving stock on hand of l0,247.
while the amount on sale was estimated at
1850, During the past month the move
ment has shown less activity, and the sales
have been mostly tor export. but prices
have been fully maintained, the sales EN-
bracing 1859 hhds, the receipts 1859, and the
exports 1873. leaving stock on hand Of
1916. While the estimated amount on sale
is 1890. The exports embrace iS5t
hhds to Great Britain against 4lO last
year, 300 to France against 4,746, 646l
to the north Of Europe against 1851; Cos:
to the south Of Europe. Mexico, etc, against
1899, and 1904 coastwise against 2l2S.
The receipts, exports, and sales, compare
with last years. as foliOws'
1854. 1878. 1854. 1928. 1884 l872-;
Sept. sos % 2sa9 259 i 81 e
S Set i s. 81 1854 iosa asa $50 So s 81
Dec 245 2l15 3i4 1880 80