The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-01-07

sales during inc morning reached Z0UO Dalts
after which the movement became more active
resulting in additional transactions To the exten
OF III 400 bales, making total, as stated above
of II 800. Clean, white Cottons are becomin.
scarce, and commanded rather sitter prices.
The medium grades We're STEADY at previous
rates. The lower grades were in much bette
demand but continued to show great irregular
lty, clean cottons main tan Dg their position mucl
better than dusty, which sold in many cases a
less than our inside figures. The receipts OF this
description are increasing, and can not be WORKED
of unes at liberal concessions. One list, witt
an unusual proportion Of sand, sold at &c, which
considering the weight OF the LATTER was full
price, which planters would do well to bear IL
mind, and not be disappointed il their dusty crop
bring less than quotations.
The Exchange makes the amount on ship
board not cared (before to-days expcrts) 1921
bales, embracing 81 385 for Liverpool, ~, S3S fol
HAVE, IS, 440 for the North Sea, 23O7 for Bre
men, 1855 to Spain, zO43 for the Mediterranean
and 1889 oastwlse leaving in presses agreeably
to its account at IL NJ. 1S2, 653 bales.
II we deduct from this The amount sold, but
not yet delivered, the balance will be about l35,
900 bales to represent the quantity unsold, a
large part OF which Is withheld from sale, in
transit not yet sampled.
The Exchange reports "Sales II 500 bales
Market steady"
The Cotton Exchange will purchase at the sp.
preaching industrial exposition twelve bales OIL
cotton, to represent the various grades ard de-
scriptions handled in this market, for exhibition
at the Centennial Exhibition and have taken
measures TO have the requisite space awarded fol
the purpose.
Yesterday the Board of Directors adopted the
following preamble and resolutions
Whereas, the New Orleans Cotton Exchange
have not adopted very complete system 81
levee inspection for the protection from damage
and theft OF all cotton received and shipped at
this port. whether arriving by rail or steamboat,
and whether III transit on through bills OF ladIng
or for sale in this market, by which system the
interests Of the owners of the cotton pi otect-
ed, even though the owner himself may reside at
q distance aud
Whereas, for the efficient working of the in.
spectlon considerable expenditures are required,
Of which all passing through New Dreams shares
the benefit, and 10 cover which the Ex-
change has agreed to an assessment OF
onea3cent per bale on all cotton shipper,
which assessment has been agreed 10 as binding
On all members of the Exchange:
IL is resOlUed. That the same assessment is
chaIgeable on all cotton passing through on
through bills OF lading, and constitutes fair
and equitable charge against the cotton, payable
by the agents through whom 1t ls shipped, and
by them ch4rgeabe to the owner Of the cotton
tor whose benefit the expense is incurred; and
ResolUed, BY the rules OF the Exchange all cot
ton sold by member being subject to the rules of
the Exchange, parties not members are also
liable for and get the benefit Of the inspection OF
cottOns sold to them by members and shipped
from New Orleans.
The Chief Levee Inspector, Mr.. John Fisher,
reports great loss is occasioned by the dis
appearance OF hoops. He writes " Till the cot
ton is slowed on board ships, on an average, 20
hoops to every 100 bales are destroyed aud in
variably carried Off At this rate, cargo Of
5000 bales will at least lose 600 hoops. equal to
about 1900 puunls (cotton). house shipping
during the seaaon 10000 bales, will suffer loss
of about $1,000 pounds A million OF bales ship.
ped from this city during the season, will con-
sequently show loss from these causes OF about
400, 900 pounds. I take the liberty OF expressing
the opinion that the loss of ties, above stated
can be- obviated by inserting in the bill Of lading
clause, binding the captains to deliver at the
port of destination the cargo, with tho full num-
Der OF ties, VIZ: 6 ties to each bale"
Another not &c is posted to the effect, that in all
cases of deliveries from the presses on Sunday,
the Factors be required to pay the extra expense
for supervision aud gathering the loose Also,
that the Secretary send notice to the presses
prohibiting the removal OF side pieces from cot
ton, unless authorized by Purchasers or the
agents.
COTTON STATEMENT.
Stock on hand Sept. l, 1975...... 1876
Arrived since our last statement. 7,165
va1