New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-09-01

1868 SO SO l9i 1874 IS. .......... los, 8G5
1869 30 1874 315 10 SIX months. I33, 81
1870 ill.,. ....,-....oZ,oiti
The results of the past year must not
only be highly gratifying to the planter,
but prove an incentive to an extension of
the culture, and give additional value to
the rice lands on the river and the bayous.
At one time deficiency OF water for irriga-
ton threatened to have disastrous tHoct,
and is suggestive Of the importance OF
adopting Whatever measures may be neces-
sary to render available all our natural
advantages FOX this purpose. With the
latest improvements in machinery, the
selection of the best seed, and intelligent
and thorough culture, our rice crop is
evidently destined to assume yet more i'm
posing proportions, and still further add to
the wealth of the State.
Presenting such an encouraging prospect
it was natural that our entire community
should have been shocked at the attempt,
by the Hawaiian treaty, to cripple or de-
stroy this growing industry, at the sacrifice,
not only of the planter and small farmer.
but also of thousands of industrious freed
men, and all for the benefit of few New
Englanders who are planting rice in the
Hawaii Islands.
ToBACco.-The commercial year COM
menced with stock IN warehouses and on
shipboard not cleared of 1912 hhds. against
1917 at the corresponding date in 1874, and
II ,375 in 1873 The amount on sale was es-
timated at 2250 hhds, against 900 in 1874.
and $1,000 in 1873. The market was
quoted at ~ a Sc TOR low Tugs. Sla a l0o for
good, II a l3c for low leaf, 1919 l6l2c for
medium, II a lSlsc for good, and - a 2Oo
for fine, showing, compared with 1874, an
advance of about lie in Jugs, l II o 2lac in
low leaf, and 80 DC for the medium and
higher grades caused by the partial failure
of the crop. There was, moreover, some
uneasiness with respect to the growing
crops. The cold snaps early in September,
although not down to the frost line by
seven or eight de crees, had injuriously at
fected the young plants. Rainy weather in
the latter part Of June, nearly throughout
July, and during the first week in August,
had also had prejudicial influence. Later
accounts reported light frosts on the nine
teenth and twentieth of September, but
with only slight damage. the movement
at this period was of limited extent, but
as the demand was equally light the
amount on sale was slightly increased.
while the stock fell II under the excess of
exports over receipts, the former amounting
on October l to $500 hhds. showing an H.
crease of $50, and the latter to 5000, present
ing decrease of about 200. AT the same
time, under the slack demand prices weak
ened, Tugs giving way y a lc, low to medi-
In the beginning of October it was esti-
mated that fully one-fourth of the Ken
lucky crop was yet standing and maturing,
but the weather proved suspicious and the
prospect indicated fair average, especially
of what are termed the "useful kinds
Up to the close of December, however, our
receipts continued light and the reported
sales trlflipg, the movement for tne four
months being confined to ZIG of the former
80 ~ no "a
summed up ia. The stock was now re-
duced to 2644 hhds. and the amount on sale
was estimated at 1850. In the meantime
prices had suffered a further reduction of
l0Ihc in low Tugs, Il a lc in good, and
about the came in leaf, but in November
other markets exhibited more vitality.
Buyers for the French reggie had come for
ward at New York, and bids were invited
for 10000 hhds for Spain. At the West
prices were strengthened by unusually
low railway transportation to the Atlantic
potts.
January opened with better demand
stimulated by low prices and increasing re-
CENTS, and about 600 hhds changed hands
at the reduced range of Ga lie for Jugs to
low Leaf, and II a l6c for medium to fine.
The receipts embraced 700 hhds. In Feb
ruary the movement was still more active,
the sales summing up about 1850 hide, and
the receipts 1874, but in order to bring out
BUYERS, factors had been compelled to make
further concessions of la a lc in Tugs, a %
low leaf and 212 a }lec in the medium and
better qualities. The stock had been in
creased to 1850 hhds, but the amount on
sale was estimated at 600 hhds less. With
a large fleet in port, low ocean frelghts, q
disposition on the part of factors to meet
the demand freely, and further falling OFT
in the better qualities, the sales in March
summed up 400 hhds, about 1000 of
which were for the French Reggie, and the
receipts embraced 3l3l, while prices exhib-
tied but little variation, Tugs alone showing
a slight falling off. The stock at the close of
the month was put down at 1886 hhds, and
the amount on sale estimated at 1915. April
exhibited much less activity, the sales be-
ing confined 1000 hhds, although the re-
ceipts summed up 7l95, while at the close
of the month the stock was put down at
Ii ,453 hhds, and the an CUNT on sale esti-
mated at $3.50. The market now took a
favorable turn for the first time since the
commencement of the year and low lugs
advanced 1ec; good lc. and leaf about re,
while the sales for May summed up 1000
hhds against receipts of 447l, and the
amount on sale was estimated at the close
of the month at 10, 100, with stock by our
running account of 1928. The demand
now fell off. the sales in June embracing
only HOO hhds, against receipts of BAL,
and the month closing with stock OF
1904 hhds aud, the amount on sale
was estimated at 1850. July opened
with no indications of much activity, but
in the second week buyer came forward
and purchased 400 hhds for Italy, and dur
ing the third and fourth week the agent for
the French Reggie took 5000, which with some
transactions for Spain, Germany and home
consumption made total for the month OF
44OO hhds or 400 hhds in excess of the heavy
business in May. The receipts embraced
2247 hhds. The stock was reduced to 13, 725
and the amount on sale to $500. At the
same time time under the upward tendency
of other markets and an unfavOrable change
in the crop prospect, prices hardened and
closed at an advance of about lac in me
dunn leaf and the lower grades and n lc
in the better qualities.
The movement in August has been of fair
extent at steady prices, the sales summing
up 1881 hhds, against receipts Of 1886. The n6e
stock by our running account is now ii ,OSl
hhds; and the amount on sale is estimated
at 5000.