The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-09-01

| With large falling off in the receipts and
| numerous letters from the country foreboding
| an early exhaustion Of the interior supplies
March opened with a good demand and ut
| hardening prices, and factors were DON enabled
| to establish an advance Of se which was fully
maintained for the rest of the month. The lrst
| week OF April exhibited further Improvement
Of Nc which was subsequently lost, and, In the
latter part Of the month"; was followed by a
further decline Of A@%e. The downward ten
dency continued through the early part Of May
the quotations on the 18th showing falling off
of n Ssse of which. 4@14c was subsequently re-
covered but the closing rates In May neverthe-
less, showed net decline of 7s@lc from the
quotations at the commencement Of the quarter
Notwithstanding the falling of in the reeep s
the gross amount in March being only 80 1887
bales. against 21e1so in February. the move-
rnent continued active, the business for March
amounting to 1o3,4oo bales, against 10l 800 in
February, showing slight increase instead of
q proportionate decrease. From this time out
however, operations were materially restricted
by light offerings and by factors generally hold
ing at Il t4e above the limits of pending orders
in which they were encouraged by tho views OF
their constituents in the country who having
been relieved Of their liabilities from the pro-
ceeds OF previous sales. were not unwilling to
run the chances Of future improvement for
that portion Of their crops remaining on hand.
The movement had now subsidized into Its
usual summer sluggishness. being checked not
only by the reduction Of stock. but by limited Of
ferings, the leadiag factors. either from policy
or under instructions from their constituents
in the interior, refusing TO meet the demand at
the ruling rates or holding for still better prices.
The prospect in fact appeared to bs reassurug.
nj II he fpIn
kom all points were favorable. and although
factors raised their pretensions, the demand
was good. and. considering the moderate scope
Offering to buyers, the sales were of fair extent
ut hardening prices, the quotations on the 9Th
showing net advance Of ssMtzc. Under SINH
lar influences this was followed by q further i'm
provement Of Ac during the second week. and
about &c in the last fortnight. showing net
improvement for the month of A07se in Low
Middling and 5s@ac In Midding This i'm
provement was hardly maintained during the
first fortnight Of July, but in the third week re-
covered the falling off but again relapssd and
closed ut n net declins from the quotations at
the commencement of the month OF is@3se.
August opened dull and depressed and during
the first week quotations were reduced lac, but
hardly fnirly represented the irregular eondi-
ton of the market the principal holders claim
lHg pTeFlous ThteS, HHllS lptlOGS WHO ueslTe1
to realize or were instructed by their constit-
uents to close consignments, met the demand at
sufficient concessions to admit the execution
of pending orders. At the same time. in view
Of the limited offerings, buyers who had orders
of any magnitude found it impraeticable to fill
them. unless at extreme rates. while it was
equally difficult to press sales unless ut liberal
concessions. Towards the latter part Of the
month, however, under discouraging accounts
from other markets. the downward tendency
became more decided. and the closing rates
showed d net decline from the opening quota
tions of 1sfa11Sc.
The closing quotations compared with last
year as follows: