New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-01-07
OF CLASSIFICATION.

The market openei with a fair inquiry
and the sales during the morning reached
$500 b iles. after which the movement be-
came more active, resulting III aadltlonal
transactions TO the extent OF l0,4Oo baies,
making "a total, as stated above. of II 900
ba,es Clean, White cotton5 are becoming
scarce and commanded rather SITTER prices.
The medium grades We're steady at previous
rates Tne lower grades were II mucn
better demand. but continued TO show great
regularity. clean cottons maintaining their
u as.tion much better than dusty, which
sold III many cases AZ less than our inside
figures The receipts OF this description
are increasing, and can not ne worked on
unless 1T liberal concessions. Oae LIST, with
an unusual proportion of sand, sold at &C.,
which, considering the weight OF the latter,
was d full price. which planters would do
well to bear in mind, and not be dlsap-
pointed if their dusty crcp bring less than
quotations.
The Exchange makes the amount CT ship
board 10. cleared (betote to-day's exporte)
79. 207 hales, embracing 81 $50 for Liver
pool, 2O.S3S for HAVE, l3 fiG tor the North
sea. 23D7 for Brem n, 1850 for Spain, sD43
ter the Mediterranean and 1889 for coast
wise ports, leaving in presses. sgreeahly to
its account at II NJ, 1868 bales. If we
deduct from this the amount sold, but not
vet delivered, the balance will be about
$4,000 bales to repre- sent the quantity IN
sold, !. large part OF which is withheld from
sale, in transit or not yet sampled.
The Exchange reports: "Saies l2.ooo
bales. Market steady"
The Cotton Exchange will purchase at
the approaching Industrial Exposition
twelve bales of cotton to represent the vari-
GUS grades and descriptions handled in this
market, for exhibition at the centennial ex-
hibition, and have taken measures to have
the requisite space awarded for the pur-
pose.
At meeting yesterday the board of d.
rectors adopted the tollo wing preamble and
resolutions:
WHEREAS, The New Orleans Cotton FIX
change having adopted a very complete
system of levee inspection for the protection
from damage and theft OF all colt n received
and shipped at this port, whether arriving
by rail or steamboat, and whether in transit
on through bills of lading or for sale in this
market, by which system the interests OF
the owners Of the cotton are protected. even
though the owner himself may reside at a
distance; and
Whereas, For the efficient working of the
inspection considerable expenditures are
required, of which all passing through
New Orleans shares the benefit, and
to cover which the Exchange has agreed
to an assessment of one cent per
bale on all cotton shipped, which
assessment has been agreed to as
binding on all members Of the Exchange;
tits
Resolred, That the Same assessment is
chargeahls on all cotton passing through or
through bills Of ladirg, and constitutes a
fair and equitable charge against the cotton,
payable by the agents through whom it lie
shipped, and by them chargeable to the
owner Of the cotton for whose benefit the
expense is incurred; and
Resolred. BY the rules Of the Exchange
that all cotton sold by members being
sold subject to the rules OF the
Exchange, parties not members are
also liable for and get the benefit of the in.
epection OF cotton sold to them by members
and shipped from New Orleans.
The chief levee inspector, Mr.. Holm