The Express.
London, England, 1863-01-17 00:00:00

COTTON GOODS.

ItAnainirrin, JAN. Hl—There baa been • very good
demand for yarns suitable to the Cab:lntl& market, especially
for offs mule twist, which is about id. per lb. higher than
' the pries of this day week. The demandlor these yarns,
' which are remarks* scarce in the market, has sprung up
in comisquence of a telegesm from Calcutta, dated De-
ember * and two days later than the telegrams to hand
in the early pars of the week, reporting an active
demand for yarns in that market, with an advance of
about gd. per lb. in price. For all other descrip-
tions of yarns the market here is quiet, and nape-
. =By for home trade yarns, whch can be bought at
lower prices even than on Tuesday. There is • slight im-
provement in the tone of the cloth market, mainly owing
also to Indian advioss, according to which shirting. at Cal-
cutta were upwards of tid. higher than at previous dates.
This has brought • good many buyers into the market to
test prices here, and sellers report a good inquiry, which has
led to some, though not • large, business. It is not be-
lieved the pi:rehear have been made for immediate ship-
ment. Some parties are reported to have done a good
business in re-sales of cloth for speculative holders, but
manufacture's have not done so well. The India advice.
have caused • livelier feeling in the market altogether,
and have improved the value of goods generally, but we do
not hear of much actual business for the home trade.
In addition to the failure of • large manufacturing firm at
Padiharn, reported on Tuesday, it is maid there have been at
last two smaller concerns in other parts of the cotton
district obliged to stop during the week, and it is feared that
these cooceros will not be the only ones which will have to
pay • severe penalty for having attempted to carry on their
trade notwithstanding the difficulties arising out of the
cotton famine. A considerable number of small manufao- I
toren were reined during the first few months of the cotton
crisis, but some then we have hard of comparatively few
stoppages. The fact has excited some surprise amongst
those beet acquainted with the trade, and they have not
hesitated to predict that more serious digester must ensue
sooner or later, however it may be staved off for a time ;
but one of the questions which must now begin to force
itself more urgently upon the public mind is, ...dog the
distress end misery which has been brought about by the
failure of cotton supplies from America, what steps are
being taken to remedy the deficiency for the future? Will
the year 1863 he allowed to pass over without greater
effort, in this direction than we have yet witnessed' There
wee great excuse for the apathy which existed so long as
there woe an uncertainty as to the tornadoes' with which
the belligerents in America were disposed to carry on the
war. But surely most 'people are beginning now to be un-
deceived on this point. There won another obstacle in the
immense amount of cotton held in the Southern States, and
which it was feared might any day be set at liberty,
and overwhelm with ruin those who might under-
take any enterprise to raise cotton in other countries.
Bat now that the prospects of mediation or interference wax
fainter, and the huge proportions of the war entered upon
begin to develop themselves more dearly, and now that it
becomee probable that the store, of cotton so much dreaded,
yet so much needed, must have undergone serious deterio-
ration, if not diminution through decay from insufficient
housing, how stands the question ? How far must the dis-
organization of labour in the slave States, aced the decay of
cotton stocks on hand, be assured to the perceptions of people
on this side of the Atlantic before it is considered safe to
make an effort to grow cotton in sufficient quantities else-
where? Everybody feels conscious that the efforts hitherto
made through cotton companies and orgaoisations for
big what is grown, up to the present time, must gather-
ing
short of the exigencies of the trade. There was at first
great obstruction to the progress of efforts of
this kind through an opinion, promulgated by those
to whom everyone looked aa the natural leaders in
such • movement, that joint stock companies of spinners,
manufacturers, and merchants, and others immediately
connected with the trade, were not the right agencies to be
employed. But that could only be the delusion of a
moment, amoopt a chum of men who themselves hold more
stock in bank, railway, aerial, mining, marine, and other
joint stock enterprises, perhaps, than any other class to the
world, and where even the operatives have begun to find out
the advantages of co-operation. It was an opinion held by
some—honestly, no doubt ; but the great obstructions to
efforts for • supply of cotton were those before noticed of
the uncertainties overhanging the future of America, and
which are now, or ought to be, fast wearing away. The
whole attention of the conntry almost appears to have been
reoeatly absorbed in the effort to raise money to support the
starving operatives, but this question of cotton supply is
one that must and will have to be answered soon. Mean-
time the question is asked :—" What is the Cotton Supply
Association doing ?" This organisation appears to have
obtruded itself very little on public attention of late. It
wee unfortunate, perhaps, in its name, being an association
rather to ecianuage the cultivation of cotton than to
supply it ; but it has been of considerable service is obtain-
ing information for the guidance of parties disposed to take
MI interest in cultivating and pruouriug cotton, and it is to
be regretted that its efforts have not been attended with
greater soccer. A report is in circulation that as the
period for which malty of its subscriptions were guaraoteed
ends in April, there is • probability that its existence is
approaching a termination. The impression to this effect
has probably gathered strength from the fact that its
secretary, Mr. Heywood, is leaving the association, his ser-
vices being required by • company engaged is • more direct
and practical effort to obteia cotton, with which he has
been for some time connected. Be this as it may, such as
impression is singularly ill timed at • crisis when it is de-
sirable that every effort should be put forth to este) out its
object, if possible, with greater vigour.

COTTON.—Lrvarou, JAM. 16.—The dowsed is the
; 141/plapart at the week wee osi limited scale, sod is gaud.
thee tie seat aoseaete ham America aught be

Mated end Published b 7 WILLIAM KIM HALM of Me. 1„
to.hereetreet. In the City of London, Prink?, aS the
Ohtee. In Lcoriherdatreet. la the Precinct of Whitetriare.m
sisos.ar. JACI T 11.1162.