The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-12-10
COMMERCIAL MATTERS, Etc.
Liverpool Cotton Report.

The Position, etc.-The receipts at the
American ports for the week ending the 18th
inst. were reported at only $50, GOO bales, or
some 10000 to Is, 600 less than was generally
expected. This did not strengthen our mar
ket, for the falling off from the previous
week having been so large (25, 600 bales) it VI .
supposed to be due to some temporary cause,
and the large receipts this week are now re-
garded as the natural consequence, and hence
these have not materially depressed US. AS
regards receipts, the prevailing impression
seems to be that we have now very nearly
reached critical point. In other words,
that the receipts within the next four or six
weeks will approximately determine the ex
tent of the crop, and consequently have a
marked influence on the future course Of
prices.
In order to explain one prominent feature
of the market, let Us assume that the medium
of the estimates, that is A. 900, 900 bales, to be
the correct figures for this seasons crop in
America. This would be an increase of 167,-
900 bales on thu crop of last season. But the
receipts at the ports are already l34, OOO bales
in excess of last season to this date, and, as
Stunning the overland movement the same as
last year, there would DO left only 80, 600 bales
for increased receipts at the ports from this to
the close Of next August which may be wiped
out in a week or two. Such a result is not
generally expected on this side, but should II
prove to be SO, our market is very likely to
advance as soon as we have had some two or
three consecutive weeks receipts on about the
same scale as last year.
From India our latest crop advices are on
the whole quite favorable, and would seem
to indicate yield about as large this as last
season. From China, however, the accounts
of the cotton CROP derived from many differ
ent sources, are decidedly bad, and the pre-
sumption is the shipments thence from India
will be unusually large this season, and, if
SO, that there will be corresponding de-
crease in the shipments from India to Europe
The Egyptian crop ct this season is undoubt-
eddy late one-generally estimated as two
to three weeks later than last season-and
late crop there is usually poor one.
The receipts at Alexandria have for the
past week or two been larger than for the cor
responding weeks of last year, but they are
still some 70 600 cantars, or say about IL. 600
bales, behind last season to date. The crop
of last season amounted to about 346, OOO
bales, and so far as we can learn, the crop of
this season is generally estimated at about
400 600 bales.
The bank rate yesterday was reduced from
to 3 per cent, but this has had no apparent
influence on our market.
The stock of cotton held by English spin
ners we now estimate at SO 600 bales, against
167 900 last year and 176, 900 the year before.
Pork Packing.
Packing returns from November to De-
cember 8 show that in the six large centers
800, 754 hogs had been killed, against l. O4,-
600 in the corresponding period last year,
1885, 900 in the corresponding period OF 1873.
and $50, 600 in the corresponding season OF
1872 In sixteen Western points 973, 4O2 hogs
have been killed, against 1850, 33l IN the cor
respondino period last last year.
In it's weekly review of the progress Of the
seasons work in packing circles, the Chicago
Commercial Bulletin says:
Our packers have transacted fair business
during tie week just closed, the supply Of
hogs being somewhat larger and prices lower.
also declined, so that there is little or no mar
gin for profit in the business. The manutac-
ture of pork has been somewhat increased,
owing to an increased demand, though the
preference was given to the manufacture of
sides in most cases. The quality of the hogs
is exeellent-better than that of last season.
At Cincinnati packing is being actively pros
ecuted owing to the liberal receipts of Logs
probably Influenced by the fact that the
packers at the interior points in Ohio are not
disposed to engage 80 actively in slaughtering
rs in former seasons. At Louisville packers
are doing fair business, but do not expect
to reach the aggregate of last season, as the
hog crop is lighter in that section.
At st. Louis the receipts of hogs have been
fair, and packers have maintained position
comparative with most other points. At In
dianapolis business is progressing tavorabiy'
though considerably behind that Of last sea-
son to date. At Milwaukee business has
dragged somewhat packers have supplied
most of their contracts, and are working
slowly. At interior points there is little
more doing, but packers are still backward
holding off in anticipation of a further de-
cline in hogs. 1t may be deemed safe to cal
culate on shortage in the packing OF the
West for the month of November as compared
in the manufactured product Of $4,000, 900 to
100000 lbs. This may not be attributed
so much to light crop Of hogs as to the fact
that packers do not, as rule, believe in
present prices of hogs and do not care, for
the present at least to accumulate stocks for
carrying forward. The great bulk Of the pro-
duct made SO far has been contracted for, or
made explicitly to fill orders.
Bet Sugar in California.
There has been latent activity in the
manufacture of beet sugar in California,
which, it seems, has been unknown to nearly
all but those directly interested The factories
in the Sacramento Valley have proved a sue
cess, pecuniarily,l Jas well as otherwise. ard
these, we are now informed, are about to be
enlarged for a more extensive business next
year. The production during the past season
was $4,000 pounds Of sugar, in which some
$500 tons of beets were used The yield was
Al tons of beets to the acre; the average yield
OF sugar from the beet, liz per cent.
There will be over 1903 acres more planted
next season than in 1874 With the improve
ments that have been introduced in culture
and manufacture, there are Indications that
the product next year will be very much
larger than was originally intended by the
owners. The blowing for next seasons crop
will commence in January, providing the
weather is favorable. II is worthy OF note
that the Sacramento Valley Company (the
largest in the business) declared a dividend
this year, the first since the concern wens
into operation.