Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1826-01-20


riod last year. The stock at the respective periods
stood ti!us:
Bags.
Stock on 3Oh Nov. 1926 e69 200
Stock Oh 2Otl Nov 1924 l6G 500
atoe n"2Ioi between the stock at the 10000
From this statement we find that the stock on the
3Oth November, 1925 exceeded the stock on the 3Oh
November, 1894, by l0o,700 bags only quantity
smaller, we believe, than the sangunc specuatorg
on tic state of the cotton market had expected to re-
main IN Tic port al the end of November. Exraordi-
har great therefore, has been the import of cotton
INTO lie port oi Liverpool during the present year. the
ou'gongs must have been very great ALSO else the
stock could nc have been now reduced so much as il
has Been by the conloint operation Of two Causes
; Home Consumption and Foreign port.
! Lai'dct IF letter on The Money Market. dated
LIVERPOOL, Dec. 9TH, 1925.
! iou donbess zee the English newspapers and the
!icubratcns OF some ofour gentlemen of the s
they St. lc cnscve esq may be APT 10 jslead The fart
o money being withdrawn frcm general circulation Ia
II certain extent IS true, and equally that capital has
changed hands; but that iii extngushed, absurd;
receive my version of the matter, 10 explain in great
measure the recent alarm Many bankers and can,I
ISIS IN London, have, ii Is well known been ms nna
very good business by discounting bills higher ysto
ol interests than that charged by the bank of ENGLAND
Prcsumng upon teir and influence =: re discont
at The latter establishment just much as (ey ucosed
ana putting The difference into their pockets The
Bank directors finding their profits diminished and tl.+
the reduction their rate Of discount is not only NOT re
by a corresponding extension of demand but the com
"a'y ana III Their own defence and trustees for a
very numerous body of annuants, they arc at length
compelled To check the SYSTEM and The rejection of bills
bearing get rame5 ooon had the effect. Ii has also
had The effect spreading alarm TO the solvencv of
some OF the first bankers in London. But not to mr.
sue Tie subject ur er, the crisis to have assed
and am strongly impressed with the opinion have be-
fore expressed TO the prospects Of trade for pexf
year-not that shall lose sight of the caution Yyfe
the present times and our experience are calcuIafe1 ~
r. nom 1S and l,irl
soon forgotten by others Fair, steady but not exIrava
agant prices, all that look forward TO for any ar
ticle."
The difficulties in the money markets apnear TO have
been felt throughout Europe.
Tuesday, Dec. g. 1G25.-T'he Cotton market was
much depressed last week and only 100 bags were sold
at Sd ~ per ID reduction on India and PeInams Per-
i mans now are 1891 12kd Bowels 8sd; Surats
ST a g.; Dengals 81 Cd, all in bond Egvptan I'D
| a ~ duty paid. The Sugar market was also very
heavy last week and the holders offered parcels at con-
sderaby reduced prices, and the market is in the same
state this morning, owing TO the general angud state
of trade, and tue material check given TO lie consume
ton by the late high prices The deliveries from the
W. l. warehouses last week about1 100 casks less
than the corresponding week OF last year. and the def
cheney compared with 824 reduced 10 less Than 5000
casks The BUYERS, therefore, will not purchase OK
cePt for their immediate wants: the prices are shade
lower than last week. being is Is reduction from I,st
weeks prices Brown Jamaica 63s others Cos Tn
wards the close Of the market there appeared more dis
position to do business. Brow Lumps are 7os and for
money sun iOWci- NOlasseS 32S cd. Coffee also
dull; ST. Domingo Sos. The Rum market is preuy,
well supported; FOR undeTpToo Leewards 2s are Offered
! but thoy at that price. Tie middling de-
scrPtions of Jamaica i'd per gallon cheaper Bran
dy IS heavy and rather lower; the best marks may be
purchased al IS 5d-GcDeva Cd.
LoNDo~, Dec. Wheat SO TO US Rye 30 20 4G.
| Flour IS 10 COS.
LIVERPOOL, Dec r. 1926
| In The last four weeks, import of cotton has
amounted only to 1900 bags, and of these 5000 are
Egyptian The sales in that period are sc, 900 bags of
which $500 arc for export and to spectators: roiitb
standing our diminished import, prices have been rcgu-
ary on the Decline the quantity offered upon the
ke being always greater than required for the de-
mand.
| We give the following the quotations of this dsy:
Cotton, Upland, from sgd to 9ld; good new cd; N.
Orleans from Sd to Is; Alabama and Mobile I'd to 1Od
Sea Island Is I'd to Is 3D. Pernambuco II Id to I2lI
Egyptian, 10d 10 Is
The principal sales of Upland are Of qualities which
are attanable at lid SD.
Produce generally speaking, ofdull sale NAV be
expected while money is scarce. Montreal Pot Ash
es are at 3O Pearls 3ls u. Stales' Ashes els 32s.-
Ri0r los Sd 23s; TuFpenDe y Cd los Cd. per cwp