St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1891-11-07
THE OUTLOOK OF RICE.

THE OUTLOOK OF RICE.
New York. OCT. 2eth. 1891.
EDsFoa 81. TANxAMY TAn,s4R:
DoxRsTlc.-During the past two
weeks there has been . marked en-
larkement Of demand and fractional
advances are being obtained on al
styles. The assortment - much
Improved. Relative values bet tween
the different grades are now fairly
established and qualities can be
had at prices to suit the wants III
any class Of trade from Common 70
Fancy. Reports from producing
sectioms South are not - favorable
- At the opening Ut the crop.
The late OF June paintings are yield
ing at the thresher and the pound
er much lees than the earlier cat
tings, and although the crop will he
. lsrge one, yet it will fall far short
oi the amount required for cDn-
sumption from nvw until the new
crops reached (September, 1897.
Planters are in good shape tlnanci-
ally and have not been obliged 70
force Gales and thus crowd aud de.
press the market On the cot.
trary, sppreciating somewhat the
value OF their product, they have
adopted the wise policy Of feeding
the demand, without uuduly preas-
lug sales.
FoREI0x.-An kinds are In 10.
tive request, with japan in the lead.
Prices are reasonable and quality
excellent, which accounts Tor The
inquiry at the present time in the
face Of the new crop Domestic.
Advices from abroad uniformly
point to . hardening Of values u the
near futase. - depleted stocks can
only - replenished q auch higher
cost.
Far Be It from - 70 urge any
thing like speculation. st,il. In view
Of the facts presented, we can but
emphasize Our opini0a that rice v .
purchase Tor oil l:.Eti.nate wants
and that the tssds Val do we'll 70
carry liberal sucks.
Respectfully yours,
IN - TA - noea CrsA
In connection With the above, W
would call attention to the tat that
after the irst "f January the market
almost invariably advances. and
planters WIN are able to hold until
that time secare prices that will uu-
doubtedly more. than reconpense
them for the co.t of carrying. The
market th,s year Is uader the plant
ers' control. and BY il lici 'asly
feeding the demand, they will be
able to get full value Tor their pro-
duct until Il 10 all marketed. which
should be done 1t good l.rioes.
The New York Shipping and
Commercial List, October 81. 1891,
says:
RIcE.-Although there is s"me
talk that the approaching election
period 70 tending ~ diminish de.
lnand, total movement - about up
to previous ratio. Shipments hither
are Ut seasonable proportions, and
none but undesirable parcels tail II
disposition from wharf. Advit.eA
from the South note that the stock
Of clean in all markets along the
Atlantic coast keeps pretty well
sOid un. The majority Ut receipts
IT rough. however are hesng stored,
holders claiming that they propose
t0 wait until January or spring. Il
need ne, unless market radically
advances some time previo ~. New
Orleans reports hardening OF values
in rough. and that such i now re.
latively higher than clean. The sit
uation 10 embarrassing. perplsxing
and Improbable in the extreme to
millers, but many continue IN buy
and mill on faith Of Improving
prices il the near future. Inas-
much - prices on al grades Of
cleaned in primary markets are Tar
b.low the importing COST Of foreign,
Il would seem - though better rates
''ught to be pretty sure 70 emsue
even without any further enlarge.
:nent OF demand. Foreign styles
are quiet.
PREACHERS IN POLITICS
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