New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-09-01

way 4 a asc, after which there vas a Sigh,
rally, when at about the middle of tn,
month prices resumed their downward TN
deney, fufther declining by the end of the
third week &c, when, under the competi
ZION among buyers and favorable. telegram,
from New York, the market recovered y a
sse OF the previous falling off, closing a,
l3A 0l44se for low middling and I4ls a
l4ssc for middliDg, showing net decline
from the quotations at the beginning IF the
month lac in the former and barely lsc in
the latter. We have already noticed the
conflicting views of the trade with regard
to the extent of the crop, which continued
to prevail until after the commencement OF
the new calendar year. and had controlling
influence in prices. Even toward the close
OF February the favorite Liverpool estimate
was 4 250. 900 bales. On this side the views
of the press and the trade ranged from
1900 900 to 4 800, 600 anu even 1850, 900
The last, however, was regarded as extrav-
agsnt even at the North, lille at the South
anything over 1000, 600 was reg arded as ex
IRENE long crop. On the one hand it was
argued that in a large portion Of the mid.
ole ana northern portion of the cotton bel L,
the crop had suffered seriously from pro.
tracted drouths. and that there had been
material decrease in the use of fertilizers.
while, on the other hand, it is alleged that
the low lands had escaped any injury from
thN "CatuCAi lbdt HO ECU udu
been made of worms, and that the picking
season had been remarkably long and fine.
AS we now survey the past we are inclined
to attach the mOst importance to the last
consideration, which probably augmented
the yield more than 100 900 hales.
Four and quarter millions, however,
pressed upon the British brain and as heavy
shipments at sea. threatening an unmanage-
able accumulation of stock, it is not sur
prising that at Liverpool prices should have
gwen way IN December 4 a I'D, nor that
our own market should have been similarly
affected. When We reflect, moreover, that
1t was admitted that II our crop should not
exceed 100000 there would surely be an
advance, and that it has for some time been
apparent that the quantity would not be
reached by 100 GOO or 10000 bales it is re.
maIkable that the anticipated improvement
was not realized later in the season.
At the beginning of January prices again
gave wav Ac, low middling being quoted at
l3l2d 1850 and mddlng at l40l4lsc, out
soon recovered, and by the end of the third
week had advanced as a 1ec, when they re-
coded traction and closed at l4ls q l4i4 ;
for low niddling and las a l4a4c for mid :
ding. showing net advance for the month
OF 'sc. In February the market exhibited
pretty general upward tendency, advanc-
ing lsc during the first week and isc dur.
ing the second, when it receded lac, but
soon recovered and, steadily hardening,
closed at Is a j isc for low middling and 1855
a l5ac for midding, showing net advance
of 4 a sc. The movement during
this quarter was the heaviest OF
the year, the sales embracing H5,00C
bales il November, 10000 in Dscem-
Der ana Isl 800 in January, making an
aggregate of 472, 500 bales. against GO, 400
in 1884. The gross receipts were 1872 957
bales. in December, against 326 j6S in 1873,
ltl ,2Gl IN January, against 212 073 in lS1 A,
and l3i,2l7 in February. against 2l7 ,l0l,
making total gross of 594, 435, against
SlS,742, while the amount proper for the
three months was 527 sic bales, against
709, SSi in 1881 The exports for this
quarter summed up 49,, 769 bales, of which
ISL 800 were to foreign ports and sc. lT9
coastwise. the former embracing q 800 to
Liverpool, against 269, $50 in 1884, "a 377
to France, against 1870; 35,69S TO North
OF Europe, against 76,97S, and 81 20G to
other foreign ports, against 43, ia, the totals
showing a decrease of 930lS hales to foreign
ports and an increase of 1928 coastwise.
The stock by our running statement was
500, 155 bales, and the estimated amount IN
sold Isl, 400.
The movement now presented the usual
falling otf at this period OF the year, while
prices exhibited but few variations, openin q
in March at Is a ID lse for low middling a1d
1878 l5a4c for middling. giving way isc in
the second week, but subsequently recoy-
ering, and with continued hardening tee
deney closing at net improvement Of "a a
sc on the opening rates, low middling
being quoted at 15l; q l5l2c, and lDiddliDg
at l57s Ql6c; advancing lac in the early
part Of April. but during the second week
taking an unfavorable turn, and closing at
l47s a l5c for To- mitdling, and l5le q l5asc
for middling, showing net decline of p a
.na ffff flA RI Ats
hibiting continued steadiness during the
first fortnight OF May, giving way isc in
the third week, and ma y closing at q net
falling of of 4 a asc. low middliDg being
quored at l49s Ul4a4c. and middling at Is Is
0l5l4c The sales for this quarter en-
braced Isl 600 bales in Marcn, $4,000 in
April and 10000 in May, making an sggre-
gate OF FL 200 bales, yainst 363, go in 1871
The gross receipts were l02,5li bales in
March, against l27,SO in 1874. AZ, 226 in
April, against 1888, and 9,43l in May,
against u ,4J2, making a total gross of
9,lGS, against 49,. 1s5, while the amount
proper for the three months was l41 ,Si7
bales, against 2l6, 496 in 1874 The exports
for this quarter summed up 400,57s bales,
of which $50, e24 were to foreign ports, and
43 654 coastwise the former embracing
203,699 10 Liverpool, against 2l3 26j in 1874,
1886 TO France, against G6.905, 1872 to
North Of Europe, against l0l, Az, and
l4,4SI to other foreign ports, against IL, 055,
the totals showing decrease of Is, us bales
to foreign ports and of IL ,30S coastwise.
The stock by our running statement was
now reduced TO SO, 345, and the estimated
amount unsold to as, 5000.
The movement for the past three month
has exhibited quite as much activity as
could have been expected, considering the
falling of in the receipts. the diminution of
the stock and that leading factors had
steadfastly held above the parity of the
ever, the offerings from those who were in
structed to close ont eonsign nebt3 at the
ruling rates have been sufficient to keep up
the movement to a fair extent, the sales in
June being slightly in excess of last year,
while the ruling rates, generally lac below
the pretensions OF the principal holders,
have shown a certain degree of correspond.
ence, with the course of other markets de-
clining in the early part OF June lac, but
subsequently recovering lSc. and closing at
l4l9 dl4l4c for low middling and 1875 l51ac
for middling; opening in July at a further
falling off of i a lhc, but subsequently,
hardening. after which they again receded,
low miidling being quoted on the thirty
first at Is l3Ac, and middling at l4ls a
l4l4c, and showing only slight variations
during the past month, low middling clos
ing at 1875 l3l4c, and middling at 14k q
l4l9c. The sales for the quarter embraced
30 $50 bales in June, against 81 $50 in 1874,
1766 in July, against IA 600, and 66Si in
August, against $3.50, making an aggreg ate
of 1920 bales, against u 300.
The closing quotations compare with last
year as follows:
GENERAL Observation-Disclosures STANDARD OF
CLASSIFICATION.