The Jennings daily record., 1902-08-23

NEW OTJesitUSs OA0U VuOAO ~ - S>sA
yesterday very large receipts 81
rough rice there amounting TO-
|l8,O47 bugs. We also notice
from the same report that there
were no sales of rough rice made;
up to the closing hour of the mar
ket, and also that values on clean
rice declined from 1-8c on Japans
to 1-2c per pound on head rices,
from prices which prevailed on
saturday. {
Now this should be a forcible,
object lesson for the rice farmers
and producers. and should bring
to their mind the fact that the
New Orleans millers are in q pos
'ition to control the movement and
prices of the market on their
rices whenever they see fit to do
so: and this seems to be one OF
the instances where they con-
slider it proper to depress prices.
With these large receipts of Mon
day added to what will also be
very large receipts again today,
they still have increased advan-
tages and opportunities for fur
thur depressing the prices by
|abstaining from buying rough
rice.
The rice farmers perhaps have
never given sufficient considera-
tion to the small number of mil
lers engaged in the business in
New Orleans, who are the only
buyers there of rough rice; and
in connection with this matter,
the rice farmers perhaps have
not ;onsidered-and as in opposi-
tion to the situation in New Or,
leans-the very large number OF
mills located outside of New Or
, leans and the consequent outlets
which they have for their rice
without shipping it to New or
leans. As matter OF fart, wher
! it suits the views of the nine OF
ten buyers of rice in the City Of
, New Orleans to withdraw from
t the market, the rice farmers who
are consigning their rice to thai
market for sale, are utterly un
, able to dispose Of their rice unit
it again suits the ideas of th'
:, :, New Orleans millers and buyers
:, to enter the market.
In former times of years ago
it was the custom for the New
y Orleans millers to buy up tn
. daily receipts of rice and thereb.
. prevent them from going to stol
/ age warehouses and they carrie'
5 these goods themselves at thei
d own expense. This afforded ial
sners prompt and ready dis
posal OF tiiair rice and at the sam
time reduced the oxpences al
tending consigning rice to AeI
Orleans. However, this has a
been changed and now when
. depressed market occurs ther
. as was the result yesterday, tn
farmer wt.,o is in urgent need G
money is compelled to store nj
rice and add expense to same 10
so doing, and to hypothecate nj
j, goods either to his merchant 0
to a bank in New Orleans aWa9
ing a favorable turn in the mai
ket. which at this time Of the sea
son and in the face Of the yer
heavy receipts in the near future
very seldom reacts. On the cor
trary, after once having slain 30
of, the market usually goes .
the down grade for some time.
As against tins state OF IL
fairs in the New Orleans narket
e. and as q result of shipping the:
I rice to New Orleans, the rice fal
.ncrs OF Louisiana 1T seems l
us-shouI. consider the ad va!
ia sc nt keeping their rice at ho'n
anl in case they are i'll need {
money, al! of the mills situate
IN ,h.. co uilly aIc IN Il 's!tin
to sipr,. thsjr goods without el
p,nsc as there are no charge
IL. L. nn VICE llNt:Ey