Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1826-06-10
COMMERCIAL.
ENGLISH MARKETS.


-"Prices of Cotton are scarcely any lower this
week, nor indeed does the present unprecedent-
ed depression admit Of much further decline.
Within the last two days there has been more
disposition to purchase. In commercial mat
,ers generally, there is no visible improvement.
The duty on Tobacco imported alter,
will be 2s Cd per pound on that Of the produce
of British plantations; IS on all other tobacco
not manufactured"
liverpool, 29h Aprii,- We beg leave to advise
you of the state and prospects OF our market
for American produce, and OF the changes that
have taken place since we transmitted TO you
our printed Circular of the 23d February.
There has been very limited demand for
Ashes, and still further decline in the prices;
Montreal Pot Ashes now sell al 24s 25s, old
and crusted at e2s. 10 23s, Pearl Ashes at 25s
to &C; United States POT and Pearl Ashes are
almost nominally at 27s per cwt.-There is a
very moderate demand for Quercitron Bark,
the price Of which is nomnaly at los TO las
per cwt. Flaxseed for sowing has been selling
al sos to SIS per hid. but cannot now be sold at
more than the former price. Cloverseed has
gone off very heavily throughout the season. *
considerable part Of the stock will have to be
held over for another year; what is now selling,
is at 42s 10 SOS per cwt.
III the early part Of last month there was for
week or TWO an appearance OF improvement
in the Cotton trade, but it was discovered that
the demand was more speculative than Tor con-
sumption, and ever since the market has been
exceedingly languid, and the prices have
continued gradually to decline. In the man
ufacturihg districts the distress from the
want of employment is in no wise cimin-
ished, but rather increased, and from the
difficulty there is in effectiug sales of goods,
with the continued embarrassment OF large
proportion Of manufacturers and merchants,
there is yet no appearance ola return 10 con-
fdencc; and although it is to-be hoped tina:
it may not now be at grea, distance, it is TO be
feared that for considerable period to come
there will not be any very material improve
ment The sales Of Cotton last week amounted
to $3.50 bags, of which 4S73 were Uplands al
81 to I'd; the general sales OF new Uplands are
now made at cd 10 Gid; and in the late imports
there have been but few of the best qualities,
which are comparatively scarce, and sell more
re adiy; 2s5 Newt Orleans a, Gid SID, and so
of iavorite marks at Sid cd, fair TO good flair
qualities cannot now be sold at more than Gid
I'd; 795 Alabama and Mobile at sgd to Gid,
and | | al I'd per h. Sea Islands are exceed
ingly dull, and have declined I'D 10 cd per h. in
the last two months; and common qualities
now sell at lad 10 l5d, and the finer at Is I'd to
Is per ID. and 500 Of them are announced Tor
sale by auction on the 2Sth inst stained Sad TO
! cd Der h. Pernambuoo cotton now sells at 81
lodd; Maranham and Bahia at 81 a 81; De
merara and West India al Old to lot; Cartha-
gena at 81 cd; surat at 4! a 81; Bengal at 4d
l-3d, and Egyptian at 65d a 10 per Id. 10
the end Of last week the imports Of Cotton 10
this port in the present year we're
From the United States, lo4,696; Brazils,
le,s4e; East Indies, s,o94 Egyptian, l5,72l;
West Indies, 3,l55; Total. l4s,576 bags. 10
The same period in last year there were from
the United States, loe, 4ol; Brazils, 4o,739; East
Indies, 1904; Egyptian, 26,6sl; West Indies,
4,l94; Total, l84,s3o bags. And in 1924, from
the United States, lo5,6o5; Brazis, 81 ,4o2; East
Indies, 1872; Egyptian, 2,4s4; West Indies,
,S45: Total, 54,66s bags The exports this
year have amounted to S9,9ls bags, and to the
same period last year they were 3,643.
There has not of late been much demand Tor
Cotton Twist for export, and the universal
complain, is, that neither goods nor twist can
be sold 10 any profit. The demand for cotton
manufactures for home consumption is on
very limited scale and for export il is still more
so; the consequence Of which has been diml-
mutton of manufacture and spinning OF fully one
third from what they were in either 1924 or
1925; and although from the low prices Of the
raw material and the uncommony low rate OF
wages, some increase in the consumption might
naturally be pcctcd, such is still the paralyzed
state of credit and the diminished amount OF
circulating medium, that allowing for some I'M
Drovcment after midsummer, the consumption
for the whole year cannot be reasonably calcu'
lated upon 10 be over three-fourths OF what II
was in either Of the two last. From the above
statement, and what we have remarked in our
previous communications it will be obvious that
very considerably less supply OF Cotton Will
this year be wanted in this country, and that
from the United States there has been so tar no
dimipution. II is also melancholy fact, that
the imports Of this article for the last 6 months
have been attended with loss OF from S to 20
Der cent. 10 the importers, and such has been
the want of money aud the want Of confidence
that nearly the whole Of them have been COM
PEELED from theirnecessities oplace theirCotton
on the market for sale as soon as it was landed
II is to be hoped that one third OF the last crop
will this year be retained in the United States,
but should the shipments be persevered in, the
prices will still decline, and although they may
now be lower than the cost Of production and
expenses of transmission to market, and there
by offer safe investment for capitalists, yet
49,