New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-09-01
the amount unsold was estimated at 164, 900
against l55, 400.

the amount unsold was estimated at l64 900,
against 155 400.
The receipts in March exhibited the fall
ing of usual in the spriug, but the move"
ment was more active, the sales showing .
considerable excess over the business Oh
the preceding month. Prices hardened I'M
der the competition among buyers and
more encouraging kilograms from Liver
pool and New York. and after some f1uctu-
atiOns closed at an advance of VI Inc on
good ordinary. l sc ON low middling,
and y q Zee on middling, the lower grades
| improving the most under the con victlOn
that their excess had pressed down prices
to tho lowest point. At the same time
| these descriptions exhibited wide range
according to quality, the poorer qualities of
the various grades, from good ordinary
down, being neglected, while the better
styles Of the same grades, especially good
| staple kinds, were in special request for
| spinners' account, and commanded Outeide
rates.
The movement now exhibited rapid
| falling off, the sales in April showing de-
| crease OF nearly sixty-fye per cent, while
prices again gave wav. the month closing at
net decline of "a a, &c in the medium and
lower grades, and 70 q lc IN the better quail
itias.
This downward tendency continued in
May, which closed at further decline of
asc in the medium and lower grades, and
le q $50 in the better qualities, while the
| sales showed but G5tle falling of.
Thus the closing rates, compared with
| the commencement of the quarter. showed
| no change in good ordinary, but net de-
| cline of SO in low middling and u q Sc in
| middling. The sales embraced oil 200
bales in March. against l3l 900 in 1873:
1880 in April. against 80 200, and 10000 in
| May: against 81, 900, making an aggregate
sc
ceipSs were AS 1884 in March, against 1G2. 5ll
in 1875; sl,144 in April, against E,226,
and 46, 729 in May. against %, 43l, making .
| total gross of 1885 against l79. l68, while
| the amount proper for the three months
was 245. 592 bales, against l4l, S47. The ex-
| ports for the quarter summed up 53l zig
| bales of which 465, 692 were to foreign ports
265. S89 to Great Britain, against 203 699 in
| 1875; 1897 to France, against "a 976; 1874
to the north of Europe, against 43, and
| 1872 to other foreign ports, against Ia, 4s7.
the totals showing an increase of los, 768 to
foreign ports and p, 366 cOastwise. The
stock by our running statement was now
| reduced to LIS 0S2 bales, against 69, 345 in
1875, and the amount unsold was estimated
at III 900. against 4S, 300.
In glancing at the course of the market
/ for this quarter, its variations will be found
| to follow the fluctuations at Liverpool,
! where March opened with unusual activity
and an upward tendency in prices in strong
contrast with the previous dullness and de-
cline. This favorable change became man
ifest in the first week Of March, and was ex-
| cited, not only by the general tenor Of the
news, but by large orders from this side.
| The receipts at our ports had materially
| fallen off, and there seemed to be a general
impression that the market had touched
| b0ttOm-an opinion entertained, not only
by factors, but By brokers and shippers.
The statistical situation, moreover, was
| rather favorable to permanent advance.
The visible supply already showed de-
crease from the previous year, and there
was no evidence that the Invisible supply
in tho hands of manufacturers and con-
| sumers was excessive. Under these cir
cumstances the sharp upward turn con-
tinued for the rest of the month, which
closed at net advance of I'D. This was
followed, however, by an unfavorable reac-
ton in April, prices being pressed down by
unusually heavy imports. The supply of
the lower grades, in particular, was exces-
sive, and being pressed upon buyers, such
descriptions gave way I'D, while the me-
dunn and better qualities gave way asd.
In May, with an unfavOrable condition Of
trade in Manchester, the depression in
creased. and resulted in further decline
of lad showing not only the loss of the i'm
| provement rsaliz ed in March, but net fall
l
June opened with moderate but rather
better demand, and as factors offered their
| stocks sparlngly they wefo enabled to e.
tablish an advance of lsc, but this was not
maintained, and the market lost the i'm
provement. Later in the month, however,
it again hardened and the advantage con-
tinued in favor of the factors until the last
week, when the improvement was lost and
the month closed at q net decline of lsc in
middling as well as in good ordinary and
the lower grades, and an advance of 10 d
lac in low middling During the same
period Liverpool had shown few huctua-
tons. and closed without any quotable
change, but the market had been inactive,
operations being restricted by discouraging
reports from Manchester, which had . con-
trolling influence, and where an oppressive
accumulation Of goods, with no outlet in
any direction seemed to leave Q resort to
short time as the only practicable source of
relief. The favorable features of the Stats
teal position, however, although neutral
lied by the extreme depression in ira 1e,
had prevented any auotable decline. The
movement at the same time showed q
steady shrinkage This was still more the
case in July, when the sales were only a
moiety of ,hs June business, and with a
slack demand the advantage was still more
, on the side Of the buyers, excepting only
the lower grades, which we're in special re-
quest and improved Is q 4c.
The past month opened with q favorable
reaction, and under reduced supplies and
encouraging accounts from Liverpool and
New York. as we'll as unfavorable crop re-
ports. prices ruled more in favor OF sellers,
gaining during tho first fortnight 10 on good
ordinary, 7sc on low middling, and n q Sec
on middling. after which, other markets
showing relapse our own gave way, and
closed yesterday at IL a llsc.
The sales for the quarter embraced 81, goo
in June, against 1920 in 1875; &c, 400 in
July, against 1906, and $1,000 in August
against 66si making an aggregate Of 81 GOO
bales, against 1890.
The closing quotations compare with last
year as follows:
| GENERAL NEUTRALITY-SUSPICIOUS. STANDARD OF
| CLASSIFICATION.
| 1876. 1875.
| Ipferioc. 60; q O.
! Low ordinary $50 10 q
| Ordinary. ...... 81s % 81; uA1uA
| Strict ordnary............ $50 9e 1la,0l2
n-~I ~