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

previous year. The movement, however,
was on a much more limited scale, the sales
in September amounting to only 934 hide,
against 25l4 in 1874. prices showing no
quotable variation. The first receipts OF
new crop we're on the ninth OF October, ana
consisted OF bids yellow centrifugal from
Mr. r. Choppin's plantation, Home Place
parish of st. James, consigned to MIR: U. Y.
Oliver, and sold on the landing to Messrs.
A. Thomson & Co., at 934c v 1b. The hrst
receipts in 1874 were bbls, October ., from
Mr.. d. Dagle's plantations, parish OF As
sumption, which classed fair. and sold at
$3.50. Only two days later, on October IL,
% hhds were received from the lower ana
the upper coast, and on the ensuing
day 20 hhds. There were further re-
ceipts on the eighteenth and nine
teenth, but when cold the prices were
withheld. The reported sales of old and
new in October embraced l42l hhds against
receipts of 1889, leaving the market nearly
bare, the only stock being few trifling lots
in the sheds. The market in the meantime
had rapidly declined. with the incoming of
the new crop. and at the close of The month
fair ruled at sac, showing falling Oft OF
lc, and prime to choice at 81 a91ae, against
l00104c in September. These, however.
were high prices compared with 1874, when
common to fair was quoted at 6ls Sac
and prime to choice at 71s q lOAc. The
business season did not fairly commence
until the latter part of November, the re-
ceipts during that month summing up
about &c, 900 nhds and the sales reaching
$4,000, but prices bad continued to decline,
common to fail sinking about the middle OF
the month to 5 a &c and prime to .ioice to
7d724c, the former proving to be the
lowest point of the year, and the
latter only Ac above the lowest point for
those grades. At the corresponding date
in 1874, common to fair ruled at On a 6sac,
and prime to choice at ~ q lOAc. In De-
cember the movement became still more
animated, the receipts embracing about
80, 900 hhds and the sales 81 800. Prices
in the meantime had exhibited considerable
fuctuation, recovering a fraction at the
close of November, and rising by ths close
of the first ten days in December to 6ls0
6asc for common to fair, and Is a7aic for
prime to choice, when the market again
gave way, and at the close of December
common to fair was quoted at sig q DC, and
prime to choice at 6aB a 1850. This was the
most active month of the year, the receipts
in January sinking to about $4,000 bids
and the sales to 10000. while prices
tluctuated, common to fair closing at 512 q
&C. and prime to choice at 6as a. $50. Feb
ruary exhibited a still further falling off,
the receipts embracing only about $4,000
hhds and the sales about $500, but prices
had hardened. common to fair being
quoted at 6ls 06kc, and prime to
choice at IA 0724c. In March the
movement was restricted to receipts of
about 5000 hhda, and sales to about the
same extent, while prices exhibited little
change in the lower grades. but harden
ing tendency in the better qualities. fair
closing at IA 6 and prime to choice at IA a
Sc, showing an advance for the month OF Y
in the former and a l3c in the latter,
while common barely maintained its pre-
vious position. This may be regarded as
closing the active business season. The ex'
ports for these seven months amounted to
81 ,43S hhds. embracing S61 5 to New York,
against 1896 in 1919, only 80 to Philadel-
phia, against 1890. 969 to Baltimore, against
1917, 25l to Southern Atlantic ports, against
2les 1867 to Mobile, aga dgsa 46si, 631s to
other Gulf ports, against 1889. and 70, 4bi to
the West by rail, against 81, O3l. These
fgureSindicate the extent and character of
the demand. The receipts for the folio W
ing five months embraced about 43OO hhds
in April 300 in May, 1000 in June, 1000 in
july and 400 in August, and the sales 1900
hhds in April, 22O0 in May, 1900 in June,
1900 in July and $500 in August. As the
supply diminished prices pretty steadily ad.
vanced, rising in April to So for fair and
Saa 80 for prime to choice, ruling in
May at IA 0Sc for common to fair
and Sig 09o for prime to choice; in
June at IA 08c for fair and 8la a
9lsc for prime to choice; in July at Sls O S3a c
tor the former and 9's q loo for the latter,
and during the past month at Sl4 a 80 tor
common, 9094c for fair, 10 a l0Ac for
prime. and l0A 0l0l9c for choice. against
Sla &c last year for common to fair, and
100 l0Ac for prime to choice.
The past year has confirmed what was
IL I~ AoH OF fn
an established fact, that the rich soil of
Louisiana and the neighboring States pre-
sents to the small farmer as attractive a
field as can be found anywhere in the West.
Whether considered with regard tc salu-
brity of climate or fertility of soil. the
South can challenge comparison with any
section of the United States. With regard
to climate, in fact, it offers superior advan-
tages. 1t now presents, moreover, increased
facilities for access to remunerative mar
kets. We accordingly find that production
has everywhere been increased by white
labor. To such an extent has this been
carried that it is now regarded as an
important element in estimating the cot
ton crop. But it Is equally adapted
to sugar, and there are few farmers in
Louisiana who do net cultivate cane az
we'll as cotton, and have their product
ground at a neighboring mill. Not only
PLANTATIONS aOanOOnoO uurinR lAo war; anu
only partially cultivated since, but wide
expanse of new sugar lands of unsurpassed
fertility await white labor. In considering
the sugar culture it must not be overlooked
that when our crops were threefOld larger
than the present yield, ready market was
found for the entire yield at satisfactory
prices, and with the increasing population
Of the West, and the Louisiana prOduc,
being favorite throughout the country
double the former crop might be raised
without reducing prices below paying
rates, the cost of making the crop diminish
ing in proportion to the increase in the
yield.
The following gives the monthly salet
and receipts compared with last year anC
the year before:
RECEIPTS. SALES.
1874. l3745. 1885. 1894. 1874 S. 1875 6
Sant 322 II 264 453 25l4 80