Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1845-09-20
Ne,c Orleans, Sept. Isl 1915.


In conformity with our annual CUSTOM
we avail Of the commencement of anoth
er commercial year TO submit to our
friends few remarks on the probable
course of our Cotton market during the
approaching business season, which, al
this time, may be Of interest,
The amount of the last crop of Cotton
as ascer!ained 10 have been, in round
numbers, 100000 bales; an excess oil
400 900 bales over that Of 1913; yet, not.
outstanding this immense production.
we find by late advices, that the combn.
ed stocks in the leading markets Of Eu-
rope, were bu, trihe more than at the
same period last year; and, on this side,
nearly the whole of the old crop is al.
ready disposed Of From this port, at
which the receipts for the year just ter
minated have been 979,238 bales, the
shipments have exceeded the imports;
our closing stock being $500 bales less
than existed on the opening Of the season.
The extension given 10 the cultivation Of
Cotton in this country, it is therefore pro-
ven, has not been more than the present
consumption of the staple juslifes, and
which bids fair to increase in far great
err ratio than it has hit herto done, judging
from the unparalleled activity that reigns
Throughout the manufacturing districts
OF our Northern and Middle States, and
Throughout those Of Europe generally, and
the large and profitable Investments con-
tinually making in the erection of new
mills in both countries. In Liverpool alone,
the actual deliveries Of Cotton to the trade
have increased, since the beginning Of
the year, 5000 bales per week; and the
supply required for our domestic manu-
factories, it is gratifying 10 observe, has
risen from 346,744 bales, in 1914, to
about 100000; and by the close Of the
coming season, will, in all probability,
have reached nearly 100000 bales; q
quantity about equal TO onefourth of our
entire production. This fact is Of the ut
most Importance in double point Of
view, as not only will the existence of an
extensive home demand for Cotton alb
sorb a very large portion Of our crop,
but it will tend materially to relieve our
markets on this side, from that depend
ence upon foreign buyers, which, from
their almost exclusive control, based upon
combinations amongst themselves, and
upon the magnitude Of their purchases as
compared with those Of our home manu-
factories, they have hitherto been enabled,
to the evident prejudice Of the planter,
to maintain so successfully. Admitting,
therefore, that the present crop will be as
large as the last, which however is by no
means probable, such an immense supply
of the raw material will be needed, toI
meet the rapidly increasing demand for
Cotton goods which is sprlnglng up IN al
parts Of the world, that no apprehension,
we think, can be entertained of any mate
rial reduction from the rates now current;
on the contrary, every circumstance IN
duces belief that prices have been at
their lowest, and that hencelorward the
value of Cotton, from year to year, will
continue gradually to improve. The et-
(ects Of this encouraging position OF our
great staple, are becoming daily apparent
in the confidence that is expressed by all
classes of on mercantile community, that
the coming season will be one Of unusual
activity, and that good and healthy bust
ness W i'll result from the impulse arising
from we'll based and natural improve
ment in its current value, the medium by
which every branch of the commerce OF
our City is so Immediately regulated.
All Cotton consigned to our address will
be covered, as usual, by our open policies
OF insurance, /" River and Fire." unless
special instructions be given to the con-
trary; and repeating the assurance that
The business entrusted will continue to
have our most prompt attention, =
We are, Respectfully,
WILLIAM DAVIDSON u Co.,