Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1826-02-15
LIVERPOOL, Sd JANUARY, 1896.

since taken place.
and a farther decline in the prices. The stock of Mon.
treal pot ashesi in this market amounts to IA, 500 barrels,
against Is, 900 at the commencement of last year, and
they now sell at 29s. old and crusted at Us. a 28s per
cwt. The stock of pearl ashes IS o4OO barrels, against
5000 at the beginning of the last year, and they are al
most nominally sos per cwt The stock OF q. States
ashes is very moderate, consisting of 600 barrels of pot,
and 100 of pearl but for these also the demand is en-
ceedinpiy limited, and the prices almost nominally SIS
= Sis Sd per cwt-The stock of quercitron bark con-
sis,s of 1850 hogsheads, against 1450 at the close of
1924, and there is very limited demand for II at lbs a
is for Philadelphia. and IS a 1Ss per cwt. for n. York,
Cloyerseed SOS a Cos per cwt. with a stock of upwards
Of 200 tons of old seed in this market. There is. an
unusually large stock of old haxseed in IRELAND, which
viii very much depress the prices for the next season,
and with even & moderate import, there seems to be
but little probability Of new seed being sold at more
than ass a SOS per hogshead.
About the middle Ut ktst month, the demand for Cot
ton was exceedingly duh; bat, in the last fortnight, the
wants of the dealers and spinners have compelled them
again 70 resume their purchases of about 10000 bags
per week; and for some time to come, il is probable
that sales to that extent will continue to be made
The prices still droOp, and of most descriptions, the
holders are willing sellers. In the last month, the pres
sure for money was the most extraordinary that We ever
knew; upwards OF sixty Banks, III London and IN the
Country, having in that period stopped payment; but,
IN the last ten days, the run upon the London Banks
has ceased, and Discounts on good Bills are now read-
" procured at the rate of per cent. per annum. Pub
lie confidence is, however, much shaken, and a cOnsl.
derable period must elapse before it can again be re-
stored. The sales Of Cotton last week amounted to
10000 bags os which 4,l50 were Uplands at 63d a
74d; 926 att SD a 84d, and il4S at SD per h.; the
latter were chiefly OF the new crop, aud OF good quail
u, at Cd; $40 New Orleans al Sd = 93d. and go at lUd
q lid; $50 Alabama and Mobile at Old a SD; 90 Sea
Islands at 2l!d q IS Cd, and l07 stained at Z I'D all
I'D PernambucO Cotton BOW sells 1T lid 4 IBID;
Maranham and Bahia NJ lO4da Id; West India and De-
mertra at Sd a Hid; Carthagena at7d 4 I'D; Surat 5 lid
a "a: Bengal sd q 8 I'D; and Egyptian At Cd a lid.
The stock held by the splnners and dealers in the
manufacturing districts is unquestionably smaller than
it was at the Beginning of the last year. but how much
it is not possible to ascertain. We think, however.
that there may be $4,000 bags less, which would in
crease the consumption and expor: oflast year to &c.,
705 bags. The exports last year amounted TO 75,O49
bags, and in 1922 they were $500.
The demand for Cotton goods and yarns in Manches-
ter is not brisk, and the trade f1r some time past has
we believe been generally improbable. The stocks
tbere are not large for the season OF the year, but they
are accommodating, and there is some indication that
more goods will be manufactured and more Twist spun
than the demand viii take off With regard 10 the
supnlies in the present year we may remark, that all
accounts concur in stating the last crop in the u. States.
10 be the largest ever grown. Except Sea Islands, and
:, the derreein which they are scarce VII be COMPARE
atiyely dear in Egypt the growth is supposed to have
been about 5O,OCO bags more, and IN the BrazIls tits
probable that it may be about $1,000 bags less, than
,t,at ofthe preceding year. From the West and East
InAies there will be no material variation in the quantity
IN he received. Wtha reference to future prices, We
nbserye, that the stocks Of cotton IN this country are
considerable, and that in all other parts OF Europe they
are small, but we think 4 doubt cannot 1t this tine be
entertained, but that the supplies with the stocks will
he more than equal to the consumption. As however
the high prices of the early part OF the last year accel
Grated and increased the imports, t IS not improbable
but that the lower prices which now prevail, with the
less encouraging prospects, ma, occasion the supplies
to BE- withheld. Whilstth the imports do not exceed the
rate Of the consumption, we do not think that our pri-
ces will vary materially from those which are now cur
rent, but such isat present the feverish state Of credit,
and general scarcity of money, that a avery small excess
in the imports would occasion a still further decline III
the prices Cotton being now at moderate prices and
likely to continue so, would IN ordinary tunes give
confidence to those who possess the means OF holding
il. in either its raw or manufactured state; but from the
losses and disappointments which have recently at
tended all investments in this article, comparatively few
are now either able .or willing to operate extensively IN
the purchases of this or any other article; AMI unt!i
confidence is restored, we recommend those who fur
nish this market with supplies, 10 be moderate IN Their
hipmeat unless they also furnish or possess the means
of holding them until a more prosperous period shall
.rr.ve. The stocks in the ports exceed the general eX-
mediation ny about $4,000 bags, and since they were
announced, the demand has been very limited, and pur-
.bases may be made on rather lower terms. II will be
observable, that Egyptian cotton is vet but little used
in fms country, and until the prices become nearer to
those of Uplands. it is probable that they VIII continue
to be neglected. Nearly 10000 bags of American cot
ton are vet held under assignment from houses who
have stopped payment, the greater part OF which 1t IS
Drohable Will soon be brought on the market TOR sale.
TO the Duplicate Of this, we hope to add the usuai Ia
BILE OF the Stocks. Imports and Exports OF Cotton tor tue
last 10 wears.
The import of turpentine to this port in the last year
amounJed to 1900 barrels, and there is now III the
hands of importers and spectators, a stock Of $1,000
barrels, besNles 1000 in the hands of the manuiactu-
rers: II now sells at Is 9d a los Sd per cwt. and is not
likely to be lower, as there can be no mducement to
wear were only 1900 barrels, and the stocks are now
reduced to 1000 barrels of Stockholm, 2OOO OF Arch
angel. and 20O0 American, the last of which beng par
ticularIy scarce, now sells at LIS 4 Dos per barrei-fhe
stock OF American rice in this port Is reduced to 80
tierces; 40 ticrces of old were last week sold at LIS 81,
anL 6new at SIS per cwt and as soon as a few mum
Lred tierc,s of the new crop shall arrive, there cannot
be \ doubt but that the prices will he considerabi! low
Whit oak barrel slaves sell at R9 = 9l4, hoSshead
AT IL a GlS per thousand. Common pine at I'D a Is,
mitch pine IS 6d per cubic foot.-The stock OF tobacco
IN This port is increased to 1899 hOssheads, and IN
London il is 5000 hOgsheads; Virginia leaf may now
he ouoted at Sd a Cd, stemmed AT Ada 93d, Georgia,
Carolina and Kentucky at Cd a I'd per To-, with every
Of a farther decline IN prices.
The scarcity Of money has had its effect IN limiting
the demand and reducing the prices OF corn Wheat,
for home use, now sells at Is Cd a es Cd and Canadian
at SIS Cd A SIS Sd per 70ibs-; wheat, IN bond, at rs a Is Cd