Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1844-02-17
LIVERPOOL COTTON MARKET
LIVERPOOL, Cd Jan'y, 1874

LIVERPOOL, Cd Jan'y, 1874
/ DEAR SlR-We beg to invite your
tenton to the annexed statistics oiS
cotton trade aud TO the few remarks wa
which we have ventured to accompn
them.
i 1t should be borne in mind, that h
pas, season opened with an unusual
large stock on hand, and that from
commencement, no doubt existed Of
large increase in the growth oflhe Ua@
ted States, although most OF the esnaa
fell far below the actual result, the efsc
of an abundant harvest and an east
money market were thus counieracR.
and as each succeeding packet broust
assurances Of still larger supplies Of ca
ton. prices continued to decline, whit
tie hucluation until the beginning ofhA
gust, the reports which had already beE
crcuIat ed for some time of most ins
|ment planting season IN the Sou;hen
States, then began to gain credit ADJ
gave The first impulse TO that specaaha
business, which has continued unabais
up 10 The present time, aided and fosls
ed as il has been by other favorable Gil
cumstances, the most prominent OF whlcl
was the intelligence we received earlyg
October, of the ratification Of our trsat
with China; for although little douS
could have existed that this event wal
not remote. and large investments n
merchandise fitted for that market Ia.
already been ventured on, still the celA
tainty Of the fact infused new life and !;
immediate advance in prices was the con
sequence.
Another good harvest, continued abuI
dance Of money, ample employment NJ
the opera,i We, cheapness Of the necesa
ries Of life and peace with all the wori
formed combination which proved a sal
guarantee Of the success Of those speC
alive transactions, which, together wild
a prosperous trade in the Manufacturing
districts, have occasioned an advance
IL 35 per GER. in the price of the love-
qualities oil American cotton since lh
month Of July.
The present condition OF the cota
trade is that Of great frmness and Ten
dency to advance; but the stock is
very heavy and held SO largely BY speca
lators, whose movements can never
on, while the arrivals Of ns'
supplies must continue TO be large W
some months, however they may ulb
mately fall below those OF last year, thai
circumstances which might usually b
considered transitory or Of little weigh
would now exercise a prejudlclal inhf
ence on our market, dispropor|loned 70
heir intrinsic importance. The expeh
aace Of 1886 should teach US that a mode
rate or deficient crop is only one Of lh
slements, although an important one,
,ur calculations for the future; ana
ware, as we are, Of The great dfterenH
Existing between present clrcums'ana
md those which unfortunately then P'''
allied in many most important fss
'ects, still we would remind our 'rlend''
hat the season commences with an enol'
nous stock on hand, and that whasesei L
xlension Of demand for our mahuiaS
lres We may hope ultimately from ia'
pening Of the China trade, that inc y
rease must necessarily be prosresS;a,'v.'
lille, in the mean time, il IS nO'0t'ou NV.
TAI the supplies already sent 'hels Nv 40 4
d to an inconyenient accumu'0'0A
stock. .t,Iy
1e remain yours truly and respectfully
TODD, JACKSON y "
npor. OF Cotton into Great britain ~. :,
three years, with the stock at tho Ia, clv..
Of each year, and the quantity 'aA'
for export and home consumption. .
i84i 184e iSsY
nerican, ao2loo lols88o 5l oS1Oo
rail, $3.50 865IO ,aIsfO
asst India, 273950 e55olO ssa0O
Test India, 1850 oozoo
oe,cen i74459O