The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1849-09-11 00:00:00

THE COTTON TRADE.

Spinners have again purchased very sparingly, only
taking 18,000 bales during the week, to meet a consump-
tion of some 32,000 bales; and we repeat our conviction
that they will rue having kept aloof from this market,
for when they do appear they will most assuredly be met
by speculators, and increased firmness on the part of
merchants, the consequence of which will be a more rapid
advance of prices than they have yet been forced to sub-
mit to. We find upon inquiry, that notwithstanding
their small purchases, prices now rule as high as they did
two or three weeks since, that there is a more decided
tone in the market in favour of higher prices, and that
the demand for export is continually
.greater than the
weekly imports. Only a few weeks ago the stock in this
port, including all descriptions, was 730,000 bales, it sub-
sequently declined to 600.000, and this week is 593,000,
and two months' hence will be under 400,000. With a
large consumption, of which there appears every certainty,
and a limited import, higher prices are inevitable between
this and January next, putting cut of the question the bad
accounts of the coming crop in America ; and with this
fact staring us in the face, we are surprised that any paper,
however limited its influence may be, giving publicity to
statements calculated to mislead spinners, more especially
as the one in question ought to be the spinners' friend ;
we allude to the Manchester Examiner and Times. Mr.
Stewart's circular, of New York, has been looked upon by
all unprejudiced parties, for the last few years, as convey-
ing the fairest statements pro and eon. of any circular from
the other side of the Atlantic, with respect to what is
stirring in cotton, prospects, &c. ; indeed he has invariably
written for a large crop (a larger estimate than his neigh-
bours), and has been remarkably correct. If we forget
not, when others were writing 2,200,000 and 2,400,000 as
the probable estimate of the last crop, he named
2,700,000, which has turned out correct. Three months
ago he also wrote highly in favour of the coming crop, but
the last few weeks have completely changed his tone
—he now states that the crop will be a month late—
that it cannot be more than an average--that the plant is
not maturing, as it ought, but is being choked with
weed, that it may he under an average, and that the
prospects of the sanguine for higher prices are improving.
Now, this gentleman is resident in America, doing a very
extensive commission business, and has access to the very
best information. But such information does not suit
the Manchester Examiner : in all his power lie has
decreed that he will write the cotton market down, it may
be to please a small clique of spinners—with others wa
have heard the name of Cobden. But be this as it may,
in a short hut telling article no doubt, last week, he throws
a wet sheet over Mr. Stuart's circular, and quotes a
private letter, setting forth that it is ridiculous to suppose
that the cotton plant has, or can be injured, and that there
is every probability that the coming crop will reach
2,700,000 at least,—in one of his former private letters he
estimates it at 3.000,000 bales. We may appear to be
making too much of our contemporary, The Examiner,
but our object is to expose the subterfuge which
this " school" will adopt to gain their own ends,
and to put other spinners and manufacturers who are not
of this clique, on their guard .how they receive such
twaddle. It is a very easy matter to receive a private
communication from any quarter of the globe, with our
steam facilities, in a remarkably abort space of time, r.nd
we will merely ask the question, in answer to this private
letter,.—how many thousand letters, also private, were re-
ceived by the America, from parties of the highest re-
spectability. many of them Englishmen and partners in
English houses established there, of a totally different
tenor ? The weather has been remarkably favourable for
harvesting pprposes throughout the week, and we hear of
the wheat crops having been generally hcused and in
prime condition. In the north, as well as in Scotland
and the north of Ireland, they are not so forward, but
sufficient has already been secured to make the present a
bountiful harvest. Though prices of wheat are un-
doubtedly low, yet it must not be forgotten that the
yield is unusually good, and farmers, after all, wilt not be
so miserably off as might at first appear. Trade generally
is healthy, and there is an improved demand for manu-
factures for the home market, which is a very important
feature. The exports, both of goods and twist, to China
have been less than the average for the last two or three
years, and an increased demand for this ,narket is looked
for, as it is pretty plain we are supplanting their manu-
factures of course goods. The continued increasing de-
mand for raw cotton for the continent is a great feature
in the present position of this article, and of itselfis
equal to take off any supply we can receive for the next
three months.

We understand that the Rev. Dr. Robinson, Master of
the Temple, is announced to preach a sermon in St. An-
drew's Church, on Sunday morning next, on behalf of the
Society for' Propagating the Gospel in Foreign Parts.
POLICE COURT YESTERDAY.—The business was un-
usually meagre, and may be summed up in a few words.
James Lynch was charged by a youth named Thomas
Green, a stranger in the town, with having on Saturday
last, in Freemason's-row, violently assaulted him and
robbed him of the whole of his clothes, shoes, Scc..leaving
him almost in a state of nudity. The prisoner was sent
for trial.—Sarah Arnold and Catherine Caffrey were com-
mitted to gaol for three months for robbing a man named
William Brown, in Eaton-street, on Saturday, of £2.—
Eliza Leonard, for robbing Alexander M'Clelland, in
Great Homer-street, of 205., two months.—John Leigh
and John M`Cann, noted thieves found prowling in the
night in Hugh-street, three months each.—A female ac-
cu-,ed of retaining a Post-office order for 10s. enclosed in
a letter, and drawn in favour of George Taylor, was re-
manded for further evidence. The letter had been de-
livered by a postman.