The Express.
London, England, 1866-09-01 00:00:00

MARKETS.

817GAI3.—BRTFITOL, AUGUST 31.—The demand fOr
nal?
is steady, and s fair business has been dons st full •
liolluod goods of floe quality are about 6d. per cwt, CZ.
Rum : There is but little doing. Phase unaltemt

COTTON.—LIVILIPOOL, AUOOII7 3L—The
cotton continues good, but holders supply eUfa
gg
freely notwithstanding the reduced value of nwkel
artatiose show some decline in almost every ="eic-47,
though there was rather • steadier feeling yesterday,
prices of the middle and lower grades are rather
American continues in gene demand, bag InLin--Z.„
finely offered is quoted fully d. per lb. lower, la
the badness has been 'moderate, and prices are easma.m.,
about td. per lb. below last week's ratan pemnal---wfor
export has been in fair requert gentian has been
irregular, closing at Ist to 2d. decline in gas n "17
below fair, and Id. in the better dee.
Several sales by suction of the leerer,in,
have resulted in • dill greater fall, amounting to
instances to 3d. or 4d. per lb. from last week's -•—•
Smyrna is neglected, but without much clamp ge relic
In Best India there has been a fair demand, vluebbgebna
freely met by holders, and • decline of id. per lb tam hag
week's prbies is quoted in most descriptions. lipmejegft
have taken during the week 2,310 bales, espaliers 21 Be
bales, mad tie trade 40,728 bales. We ban had a
n—asfs'
demand to-day, and • steady market, prima reamei
changed. The sales are 10,000 bales, of which 3, n,
00e
for export and speculation. The following me the dal
Quotation :—Fair Orleans, 164 d.; middling MO% 141.;
(air middling dam' sit tlpieedk
15d. ; middling ditto, 130.
COTTON GOODS.—Masenarrea, Atom 31—Thi
market for shipping yarns has beenquiet te-day, balms,
is no chiefs of any moment in prised Whirs tiers it my
change it is sbghtly in favour of buyers. Skippers
lost • good deal of capital, and are disposed to reggire4
and as the production exceeds the demand, end time be
hope that money will be still shaper they are
to wait in the hope of easier prices. Thee b rrg
market in home trade yarns. There is sot mash Agee
is prices, but mart numbers me rather weaker theft sa
Tuesday. In cloth we have had a very quiet day, sag a
exceedingly small business has been does. Buyers ani,
fasted little disposition to make offers on rummy gad dada
day they have been unwilling to make them at aB, or
offer such very low prices as were all but sure of rejseiba,
Sellers are not quoting lower price., but buyers sumo*
on rather easier terms if disposed to do busier al atThe reductions in the tate of discount have dose kW* et
masking to stimulate business so far, and business am
exceedingly flat. The cotton market is watched with
great interest both by makers and buyers of pods,
the following remarks from the monthly tirade se
Mesas. Ellison sad Haywood will be read with Week
The future course of the market will, for some months ts
Gem, be ruled entirely by the character of the smuts le
*sired, from time to time, respecting the yield el the
Ameriean crop. Aside from this, all other formai:a pest{
to a healthy trade ; but until something definite he he,,
as to the probable out-turn of the Southern crop, the gm.
tom market will remain in a sensitive and uneasy cendities.
Business will be circumscribed, sad enterprise docket
Neither manufacturers nor merchants, if they are wise,
will enter into Imp transactions running far Late fie
future, until they shall be able to form a more awed.
mate idea of the risks they undertake than they sin et
present. The advice, received from the South duke tie
present month have been exceedingly favoterableead
mostly indicate a crop of from 2,0130,000 to 3,oooAobeim
True, there have been one or two exceptions, the nest
notable being the report of Dr. Forbes, of which nee
directly ; but they have not had the slighted infoeme
upon the market. The fact that prices are to-day lower *ea
they were when money was at 10 per cent., sad the
quantity of cotton here and afloat mach larger this it
now, proves, beyond all doubt, that operate.; he thef,
importers, speculators, or consumers, have no faith wlab
ever in the smaller estimates. As to Dr.
many reasons why it should not be es
Foacrbieret,
there are
final solution of the question. The doctor was me
five or six weeks in the cotton states, and we hold It yet
utterly impomible for any one person, in so sled a time,
to arrive at • reliable estimate of the probable
crop spread, as cotton is, over so vast a territory es Set
coin used within the Southern States. Furthermore,
Forbes' information was necessarily and avow*
gleaned from planters and others interested in kelp**,
prices of cotton as high as possible, and we know tides
action planters are as great croakers as our own hese;
and everything they say should be taken " with e main
of salt." Something should be allowed for the fact art De.
Forbes' route's, through the districts chieflyaffestei es
late war, and not at all through the.. portime Sea
States never visited by the military, and in whisk iht
agricultural industry has not been seriously *Wend
with. Finally, it should not be forgotten that the we,
accounts have materially improved since Dr. Forbes clef
the States. On the whole, therefore, we are dispadte
think that the ultimate yield of the crop will be wow
24 millions than 1 f million bales. Under present shrew
stances any estimate mast of necessity be mere rose week,
but so far as importers are concerned it is hitter that tisk
operations should be based upon • large than a small re
mate, at the commencement of the seam We
can b y pay too little for our cotton, we may pay tee
much, and in the latter cam we know who will
Where everything is so uncertain, the trade mane is
better than act with the utmost caution in all their spas-
' lions. The balance of probabilities is decidedly in fear
of • crop of double the amount of that leited
for by Dr. Forbes ; but the accounts are ss
conflicting that it is impossible to do say**
more than conjecture as to the final result. A ray
short time, however, will "office to solve the mystify; red
meanwhile, speculation of any kind, either hers se la
Manchester, will be • business more risky than priest
For some months to come, at all events, we shall hew
plenty of cotton to meet all our requirements; aid on
own impression *that we shall be just u wall off throe*
out the whole of next year. We shall most ge kw
from India in 1867 than in 1866 ; but the dollen' rdt
be more than counterbalanced by emmsupplies from Vet
America will, we expect, mind quite as much as, if net me
than, during the present year ; while the Brasile, Twig,
and the West !aim will all send us a fair Maar Nis
this year's imports. We may, therefore, leek
for an import in 1867 fully as large in the number e(pmk.
wea shasanthsootinmof
ence the year
muchyer
whiesthvierprobiLverstmewit
400 000 bales more in stock than we had at the sire ef
186."

CORN. Cumassworto, AUGUST 31.—The weather
during the week has been ve7 wet, which has retard,'
harvest operations in the late districts. There was s this
attendance at market today, and all the best new semi*
were taken at ls. adganos. Red, 44a. to 461. ; white, its.
to 525. Barley, • few samples offering, quality vitiols,
355. to 40s.

----
LINCOLN, AINIIINT 31.—We have had a fair supply of use
wheat offering, and dry samples found buyers a hi
week's prices. Red, 414. to 48a. ; white, 50s.
WAKEFIELD, ACCOST 31.—Fine dry new wheat is no low
than last Friday, but the bulk of the supply to-do/7 "1117
moderate in oondition, and such is taken off at only Taw,
day's price.; for old there is rather more inquiry, bate"
millers act as if they were not alive to the serious effect
the late rains have had upon the outstanding grain.
little new barley offering we cannot yet give quotatiom.
Beans, oats, and other articles as before.

COALS.—LoimOO, AUGUST 31.—Eden Main, Slla 3d. ;
Walla End Braddylla Hutton, 20e. 6d.; Walls End Heti"
21a. 6d. ; Walls End South Hutton, 21.. 6d. • wan, Eml
Hough Hall, 21a. ; Walla End Kelloe, 20e. 6i.; Walla Pad
South Hartlepool, 20a. Id.—Shipa at market, 36 ; sold, 35.