The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-17
CONMERCIAL MATTERS, Etc.
New Orleans Cotton Exchange-Annuai ne
port of the Chief supervisor.


New Orleans Cotton Exchange-Annuai ne
port of the Chief supervisor.
20 the President and Directors of the New Or
leans Cotton Exchange:
Gertle,nen-I respectfully submit my an uai
report of cotton supervised IN me sa,i ~
presses in the city for the year - and 49,
from LIST September to 31st of August.
Entering upon a new and very arauous
duty, with no presidents to guide me- IL was
hardly to be expected that entire success
would crown nv effort, or fully meet the OBJ
ject you had in view in creating the depart.
ment of supervision for the suppression of
abuses in handling cotton, which had grown
to such magnitude as to seriously compfo-
mise the fair name of our good city. These
abuses were SO many and SO varied, and OF
such long standing, that parties participating
in them had ceased to regard them as such,
and they looked at any attempt at their sup
preston as an invasion OF their rights.
When the extent of the business and the
large number engaged in it are borne in mind
the difficulties attending the duties entrusted
to me can readily be understood But cor
daily supported by my superiors, especially
your worthy President, who has been untiring
In his efforts, and ably seconded by assist
ants, | think l can hatter myself with the
success attending our first attempt, and |
predict that with the cooperation of all COT
ton receivers, quite number of whom, how
ever, regret to say withhold their consent,)
the evils and consequent Generalization at
tending them will be among the things Of the
past ere the close of another season. 1t is
greatly to be desired that all receivers should
give us their support, particularly as it is now
demonstrated that, contrary to the fears of
some of the friends to reform, no impediment
to business has arisen-on the contrary, it
has been greatly facilitated d, as l have fire.
quently been informed by the proprietors of
most of the leading presses, who would be
the first and greatest sufferers from any such
impeachment. They give cordial support to
the reform.
The saving to the entire cotton interest is
shown in the enormous falling off in what is
termed the "city crop" which has been re-
duced from "a, sos bales last season to IL ,062
bales this, making a difference OF %, 446
bales, which at $50 per bale, amounts to
81, 406 760.
Shipments to Europe show that the per-
centage of loss in weight has been much less
this season than during the last. The inter-
est of the producer has been we'll protected
not only by checking waste, but also in the
enhanced value of the staple, caused by its
being sold with the assurance to the buyer
that his interest will be equally protected
after the bales pass the scales When these
facts are made public have little doubt that
the interest of all receivers of cotton will
dictate to them the necessity Of giving their
unanimous aid in perfecting the reform you
have inaugurated, as any objections on their
part initiate against our success and mate
rally interfere with the assistants IN the dis
charge of their duties.
append the names Of all parties super
vised, also of those not supervised.
Of the total gross receipts, amounting
to l. 143. 595 bales, there have been $50, 1875
bales supervised, the loose from which, of all
descriptions, including factors and brokers
samples and scale pickings, amounts to l, 546,
LAT pounds, or 81-1OO pounds per bale.
1 make up the city crop as follows. Made
under supervision, 1,546, LAT pounds
Equal to (45o fb bales) bales 1896
Made from cotton sent to pickeries 535
Made from reginned seed by Bienville Factory. 500
Made from reginned seed by Louisiana Factory. 524
Made from res inned seed by Union Factory 7l6
Made from reginned seed by Magnnis Factory. 1876
Total. -...-.......-......----6 2O1
leaving 1855 bales to be accounted for, made
from 293, 469 bales not supervised and other
loose not under my control.
In conclusion I beg to remark that rigid
enforcement Of your rules is absolutely neces-
sary, as when it is once established that no
loose will be permitted under any circum-
stances, there will be but little further trou-
bic. Respectfully submitted,
T. O. SULLY, Chief Supervisor.
From an acre and half Of welt-improved
land, without any kind of fertilizer, farmer
of Troup county, Ga. made one bundled and
five bushels of corn, eight loads of pea vine
hay, and fodder and peas in proportion.
Great numbers of beef cattle are being re-
ceived by rail at San Francisco for slaughter
ing. During last month the arrivals have
averaged thirty Car leads per day, of seven
teen head each, making $40 head per day.
The most of them come from Nevada, though
q few cars arrive daily from the Visalia
country.
The most prominent bank officials of Louis
vile, KY, are about to organize clearing
house association at that city. Its promoters
have been examining the plans and workings
of the clearing houses in our largest cities,
and are satisfied that such an institution can
be safely carried on there.
Coffee.
New York Grocer, 18th inst.J
The market for Rios remains in the same
nominal condition as for some time past. The
only sale from first hands up to Friday was
made on Saturday q week ago, and amounted
to only 500 bags. The stock in Baltimore has
also been largely increased, and now is almost
Is large as that at this port There have been
some sales there to New York houses for
Western account, the terms of one sale which
has transpired being under this market. On
Monday Rio telegram gave the stock at Rio
at 300, 900 bags, and the daily receipts at TO-
O0O, showing that the falling off indicated by
the preceding Thursdays telegram was only
temporary. The effect on the market was to
cause still greater depression and still more
unwillngness on the part OF jobbers to even
make offers.
In consequence pricea dropped off &c, gold,
on all grades, making decline of 14c, gold,
since the highest point was reached a month
ago. The regular Thursday telegram given
below shows large purchases for the United
States, increased receipts over last week, and
q dec inc of 9c. gold, since last week. The
only plausible explanation tor the continued
heavy shipments to au overburdened market
is, that q good part of the Rio coffee now