The New Orleans Democrat. (New Orleans, La.) 1875-1876, 1876-01-21

| OH OlOD OGttcIQeULS.
J. B. Iatitte. Chairman Of Committee on Gro
Statement. National Cotton Exchange o
/ America:
Sv-I beg to submit for your inspec.
ton the following statement of the
cotton movement Of the United States
Tor the four months ending December
81, 1876:
It will be seen that during the period
named, q total Of 371, $50 bales has been
carried overland, direct from pro-
ducers, of which 1A1 1878 have gone direct
TO spinners, 131 1850 TO Eastern delivery
ports, and 99,Ol7 bales are in transit to
the latter.
This large increase i'm the totals, espe-
cially that Of the gross movement, direct
from producers, which reaches within
S2,S17 bales OF the entire amount trans
ported by the various overland routes to
the East, all last year, has led me to in
creased caution in scrutinizing the vari-
olis official returns from which the state
ment Is compiled and forces the concIu-
sion that they are as near correct as pos
sible.
An important point in the overland
statement, and one that requires few
words OF explanation, is the large ouan-
tlty OF cotton represented as i'm transit
from the various points OF crossing on
the Ohio and Mississippi rivers to East
ern delivery ports. This item in the last
statement amounted to S6, 912 bales, only
64,3G9 OF which 1t appears were received
at the various points of destination dur
ing December, leaving 22,543 bales appa-
rently on the route from points of cross
ing on the Ohio and Mississippi for more
than one month, and swelling the total
in transit by rail at the close Of the
present month, to 99,017 bales. An in
quiry into the facts has developed that
the amounts in transit via Louisville in
clude not only cottons that have actually
passed through, but such amounts as
have been billed through from points In
the South, via Louisville. shipment. of
same advised at the Louisville office.
and there entered upon the railroad
books.
For all practical purposes the result
is, II anything, more advantageous. ms
it is desirable to know not merely the
total on the way from the points of
crossing, but the aggregate in transit by
these routes from all points in the South.
In obtaining this information I am
largely indebted to Mr.. M. II. Smith.
general freight agent of the Louisville
and Nashville Railroad, over which line
all but small fraction Of the cotton
shipped from Louisville Is received.
1t Is also evident that the large in
crease In the quantity Of cotton freights
on various interior routes, mostly occur
ing during the months of November
and December, has heavily taxed their
carrying capacity, and contributed in no
small degree towards delays in final de-
liveries, thus swelling the quantity in
transit.
Across the Mississippi river, 1t will be
seen, that the movement by way of st.
Louis, for the four months, sums up
within 4848 bales of the aggregate for
all last year, whilst the shipments across
the river at Hannibal during the same
period exceed the quantity transported
for the twelve months ending September
l, 1875, by lO,702 bales.
l have given special attention to the
Philadelphia receipts, concerning which,
IN the absence OF any organization In
the cotton interest, there was good
reason to believe that accounts hitherto
made up were Incorrect.
The gross receipts at Philadelphia
from September 1 to December 81,
1875, were 77,S76 bales, including 2O,343
by rail overland from producers 813l
from Richmond and Petersburg; Ia
from New Orleans; 10,O3S from Savan-
nah 7848 from Charleston; 1850 from
Norfolk; 1O,9i6 from Baltimore; 1O7
from Wilmington, and 1929 from New
York.
take this occasion to express thanks
to Mr.. L. +. Ludwig, New York, and
Harrison Stiles, ESD, Philadelphia,
OF the Gold and Stock Tel. Co., for
valuable services in correcting the
Philadelphia movement and tracing
the shipments from Richmond and Pc
tersburg to Baltimore and Philadelphia.
With these remarks, I beg to submit
the following statement