Washington telegraph., 1856-02-27
C. o TT q N .

FROM t0S oouoai CROAt VI VIC AiycIUOOl
cotton market for 1855. We CLEAN that the
receipts from the United States we're con.
s;derably less than had been anticipated
but owing to q slightly reduced consumption
IN America, and falling off in the ship
meuts to the continent, Great Britain re-
ceiyed larger share than usual, or about 81
ner cent. of the crop In the aggregate Inn
nort. however. owing to an increase from
Er,ril, Egypt and India. there was an In
increase over last year of over 05,621
bales. The import from the o. States was
623,47S bales. against 1.666.479 bales,
;nIs54; from Brazil. 134. 765 bales, again It
IO7 1893 in 1854; from the West Indies
1915 hales, against 9.347 in 1854; from
Egvut 115.018 bales against 81,O85 in
1sI: and from the East Indies; 1896 OLA
t.Tss against 363, ,293 in 1854. The to-
al import is 2,278.21S bales. against q
I72 567 in 1854. and 1851 ,27S in 1852,
the largest previous import The consump-
,iou has steadily increased, notwithstanding
che high prices of food. dearness of money,
,,d the inj1ricus influence of war The in
crease is 80 900 bales over last year; 245,-
flOo over 1853 203. 900 over 1852; 44O,-
400 over 1851; about 5000 over the
average of three years to 1S4S. and nearly
OlG. 900 bales over II. The increase in
,bs consumption of Surat was proportionate-
IL greater; as compared with last year it is
5000 bales-with previous years from
1874 down to 1347. the increase in con-
.nm,tion averages loo, 900 bales; and from
1916 down to 1912. it vas 16J.9OO bales,
or more than double the consumption in the
Litter years At the commencement of
1855 middling Orleans was quoted a sd.
ner h.. and did no. vary more than l 4d
uu,i the end of April. when i, became
evIdent that the crop had either been over
estimated, or that from the low stage of the
rivers. the cotton could not reach the seapor.s
At the same time money became more
pIentitul. the bank of England reduced its
rate Of discount. spectators operated to a
ls,cer extent, and with sales from 100, 600
TO i5O,O00 bales per week. prices rose grad
u.IIy to I'd. for middling OrIeans on the 4th
of June Spinners being then stocked.
and spectators turning sellers, prices grad
u,IIy declined to Cd at the end of Septem-
ber. when with the tightness in the money
market, and the rise of the rate of discount
by the bank to and Z per cent, specula-
tors became alarmed, and prices rapidly de-
.ined to I'D. for middling Orleans in
the latter part of October. AT this time
the panic subsided. and the following fort
night prices advanced SD. for middling
ding Orleans Since then holders met the
market freely, and with moderate demand
prices declined Id for fair and 1-2d. for
middIing Orleans the year closing at 6
I'D for fair, and SD for middling.-
Of the crop of the season of 1S54-55 Great
Britain received 1,54l 900 bales, and of
the new crop 241 900. before the 3lst De-
cenber, against 161. 900 bales of the form
er crop in 1854 As far as can be ascer-
tanned, the weekly consumption of cotton
during 1855. on the continent was $4,000
bales; in the e. States. $4,000 in Great
Britain, 40 100, total II 400; which gives
total consumption of 4.O30, 900 bales, of
which 3.1S0.000 are the productions Of
America, and 497 900 Surat The Man
chester manufacturers, it is stated, did not
have successful year. the price of cotton,
coupled with the igh rates of money, pre-
venting them working to profit. and had ii
not been for the unprecedented demand for
Turkey, stocks must have accumulated rap
idly.
In regard to the consumption of cotton
during the present year. the reviewer states
that there is every reason to believe that ii
Will not be checked By an absence of de-
mand or a want of markets, notwithstanding
the war. the dearness Of money, and the
hig5 prices Of provisions. He assumes that
the weekly consumption of 40. S71 bales viii
continue unchecked; and, therefore, the
next question will be- having such light
stocks to begin with. whether there will be
an adequate supply oe the raw material.
From India but little can be expected during
the next few months; and as shipments have
recommended to China, the probability Ii
that Liverpool may not receive so much a:
last year FROM Brazil. Egypt &c. the
supply in all probability will not vary ma
tsrially from an average quantity. From
the United States be calculates to receive q
considerable increase provided the prevail
iug estimates e 400, 900 to 3. 500. 900 bales
Of the crop are at all near the mark, and
i HuolC u sCut W uIdi hct- AAC iuhS II
may be fairly presumed that the supply vii
exceed that Of any previous year; but as the
consumption will doubtless be large and
stocks everywhere require replenishing. the
whole crop will be required by the mann
1ae'ureTs. as the cotton trade can never bs
ina satisfactory state with a stock. as a
Present, Of only twelve weeks cOusump
aon--ShJereLort South Western