The weekly Iberian. (New Iberia, La.) 1894-1946, 1919-09-13
RICE MARKET REPORT.

ket for the past few days. Th
weather was much better however
this week, and harvesting will sooI
again be resumed in most sections
The market was firm in the inte
nor and the Southern Rice Grow
ers' Association sold through then
Texas and Louisiana offices or
Tuesday about forty Thousand
bags of rice. The prevailing prices
was Sll 90 for Edith, $40 80 foI
Early Prolific and slightly above
so 90 for Honduras The New
Orleans market was decidedly
week and there has been general
stampede on the part of the New
Orleans Commission Merchants
and Brokers TO sell regardless of
value for the past week.
h. A. Aignus, Secretary of the
Southern Rice Growers Associa.
ton, in an interview said.
"The manner in which rough
rice is sold over the table of the
Board of Trade in New Orleans is
decidedly detrimental to the inter
est OF The planter. About $500
bags OF rice was sold in New Or
leans. Carolina selling at from
vs. 90 tc $1,000 per barrel and
Honduras at from SS so to SO 70,
the average price on good stand.
ard Carolina in New Orleans was
about 50 20 and on Honduras
~ 90. Rices sold on the Board Of
Trade at New Orleans are sold o. b.
New Orleans, which means that
the freight and all incidental hand
ling charges must be borne by the
planter. This reduces the net
price 70 the planter an average of
more than fifty cents per barrel.
so that the average prices of SO 90
for Honduras in New Orleans is
equivalent to only about 50 80 in
the country. The prices received
10y the Association in the country
were on a basis of more than 81 80
per barrel in excess of the net
New Orleans prices.
NEW IBERIA TO THE FRONT
More rice was sold through the
New Iberia Office of the AssOcia.
ton than was sold on the New Or.
leans Board of Trade.
Good standard No | and .
Honduras rices sold AT New Iberia
at from SlO.O5 to $40 II per bar
rel, while Edith rices sold at from
SO 70 to Sll OF per barrel. The
prices received at New Iberia
were in line with the prices re
ceiyed at other country points by
the Association. A considerable
quantity Of Edith rice was sold at
Bay City at Sll O3 and lot of
700 bags Of Early Prolific was sold
at the same place at $40 81. Un-
due importance is attached 10 New
Orleans quotations on rice by the
trade generally for the reason that
New Orleans was at one time a
big factor in the rough rice mar.
ket. Practically all of the rice
sold on the Board of Trade in New
Orleans is consigned by Mississip
pi River planters to different CON-
mission Merchants and Receivers
in New Orleans, who sell this rice
for the account of their clients
The lack of cooperation among the
sellers of rice in New Orleans,
makes it extremely easy for the
buyers to depress the market.
The production of rice in United
States has doubled IN the past ten
years, while the amount of rice
sold on the New Orleans Board of
Trade is continually decreasing
Unless more consistent methods are
adopted in the marketing of rice
in New Orleans, it is my opinion !
that the Board of Trade will soon
cease to be market place for rough |
rice for the greatly increased cost
of production makes 1t Imperative
that he rice farmers continue to
receive more for their crop than ID
former years.
PROSPECT FOR 1919
90, O,O45, 900 BUSHELS.
The outlook for rice continues
optimistic. Weather
in general have favored
rapid development, according to
John s. Dennee, local field agent
for the United States Bureau of
Crop Estimates, Tuesday, and the
early varieties are ripening fast
and threshing is progress
sing every where. Already at New
Orleans receipts of rough are
mnch in excess of last yea, at this
time. and on occasions the wharves
have been so full Of rough rice
that steamboats, have experienced
some difficulty in dscharglDg
The late planted rIces are very
fine, too. Their condition mirrors
The cool, wet weather of the past
few weeks. A big crop will even
tuate unless something nnfor seen
J hannenS. All now depends uDOn