Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1858-06-11
- p 80. - q -. -.

] AeAEA ~ a AZ al@ AVl
-2ssOOO
so5 900
Stock IN parts. Sept. /. .1s5s..............lOos 600
| By the Geser-i Brokefs' Ciro1lar Of Tth NAV.
! the stock OF American cotton in Liverpool was
computed at 422 900 bales. There was afoat
/ for Britain at that date, per official list Of
2oth Aprii, 242 600 bales; while, by our sup
/ position, there will yet Be shipped to England
to the ist September, 460, 900 bales; giving a
total supply Of I l,l54 600 bales out Of the pres
ent crop. But from this we must deduct for
/ probable shipments, ria port Of call to Conti-
nents and also for casualties at sea, the al
lowancs for both which contingencies cannot
be placed at less than q 600 bales, leaving for
our supply 1,1O0,OOo bslss.
We must now assume a certain Import Of
new crop cotton before the end of the year
The amount so received will, doubtless, be
governed very much by the prices then ruling;
1 but, assuming the continuance Of present rates
| (and, in fact, our whole theory Of the develop
msnt Of supply and demand proceeds on that
supPosition) and making allowance for the
forward state Of the growing crop-fOr, in
spite Of the serious OveTdOE Es and reported in
| jury by frost, the chances seem to be still in
favor Of rather an early delivery-we think
that 100000 bales Of cotton may, perhaps, be
looked for. The largest amount so received
of late years was 250,O00 bales in 1888, while
been $50 coo bales.
Our supply Of American cotton 20 the 3Ist
December, period Of thirty-four weeks, will,
then, be as follows:
Bales
Stock IN LVerpool 7th Nsy................. ga COO
AZ sea- arrived bu. iHcludd IL ab5ve. 2l7 Oee
kstinSted ezpsrt 70 England 70 Ist
S-pte1ber. 40 900
Less shipments 70 C-nt-nent, loss Gt
- Se''..'---.---''......--... 1900
Deoenaner'.'s''.-..s. 10000
Total supply sf American cotton to Dec a.. 900
The average weekly delivery Of all sorts to
the trade for the UHited Kingdom, in 1856, was
43 AIS bales. They CONCLUDED the wear with
considerable stocks, generally assumed to be
10000 bales greater than at its CONNER cen en-
aud consequently we may set down the actual
consumption Of Great BTifGin for 1856, at 42-
900 bales per week. The average weekly de-
livery to the trade FOR 1851, was 81, ,779 bales.
The actual consumption OF the Kingdom for
the tirst nine months Of 1851, must have aver
aged 42 900 bales per week.
We believe that the present consumption Of
the United Kingdom is at the rate Of ~ 900
bales per week; and, with the healthy busi-
ness that has set in at Manchester, the satis-
factory position Of producers generally, and
he prospect OF an excellent trade For the re-
msinder Of the year, it seems likely that it will
tend 70 increase IS the eesson advances, and
probably reach 43 900 or A 900 bales per week
BY the end Of the year. san we are willing
to assume that the trade ke from now TO
the end Of the year not more han AZ 900 bales
per week, and provide for any additional con-
sumption out Of the ample stock they hold at
present.
We believe that the supply of East India
Gotten viii not admit of a consumption from
now to the end Of The year, of more than 6000
bales per week, while the weekly delivery Of
Brazil, Egyptian, and West India cotton, 50
tar, fails short Of 5000 bales, and cannot be
placed for the remainder OF the wear at more
than that amount; and consequently, it follows
that The trade mETf take from nor 10 the 3lsf Of
December at the rate Of l,OOO bales per tveek Of
.4meTicaR cotton.
Let Us now consider the probable export Of
American cotton. Last year it was greatly
curtailed by the extreme prices in the autumn
/ and the monetary crisis, and only reached 104,-
/ 600 balesg but for the last 1--WE years it has
averaged $50 600 bales. Looking at the very
small supply going direct to the Continent,
| and the large amount Of business reported for
| export since the beginning Of the yesr-nearly
Y double the amount at this time last year-We
are inclined 10 place the export OF American
cotton for the year at $50 600 bales. On this
supposition, the Continent will only obtain al
together OF the present crop, 9l0000 bales,
cEnli4ok 'nl NAA untrs lc1A NruAs cAiA rAoN wv
bales in 1856. At the same time IL is proba-
bic that it VIII receive from 50 600 to lU0 600
bales or Sursts less than last year, and little
more than in 1856.
Granting, then, an export of 900 bales,
Of which IS 900 bales already have been ship
ped, there must 60 ont from now to the
end Of the year at the rate Of 1000 bales
per week, which, added to the estimated trade
consumption Of 81 600 bales, makes a total
Is,rffo or,fre rs,rQ ha1as q
per week, or a total Of 10000 bales for the
period Of thirty-four weeks intervening be-
tween now ard the 3lst of December, which,
deducted from our estimated supply Of 1,300,-
600 bales, would leave a stock OF 10000 bales
of American cotton on the ais. December.
Il now becomes necessary for Us to examine
the probable supply Of East India cotton, avail
able for the consumption Of Europe for the re-
msinder Of the year.
There was in stock at Liverpool and London,
on the 7th May, 100000 bales of East India
cotton, at sea for Europe ", 900 bales, EN-
bTacing the shipments from Bombay to the 9-h
, April. Allowing The average passage Of -four
months, there should arrive within the current
year the shipments during the months OF April,
May, June, July, and August. What may these
be fairly expected to reach? During these
: i've months last year, there cleared for Europe
the unprecedented amount of $40, 900 bales; but
it is quite improbable that the shipments thit
season will approach that amount. This new
, crop, which is Just beginning to arrive at Bonn
, bay, is reported 10 be much later, and perhap!
inferior in quantity to that Of last year; and
E it is not supposed that the amount received
before the ,densoon, 10y which the shipment
during these months are chiefly determined,
= will nearly equal that Of last year. Besides
0 there is an active demand for China, Ihicl
z will divert a considerable portion Of the re
D ducsd aggregate to that quarter, while at thi
2 time last year almost nothing was shipped
, eastward and under these circumstances VI
: do not think we are justified in assuming
t larger export to Europe for five months thal
$50 900 bales, or 90 900 bales per month. w
will also suppose that there will arrive in Eu
J rope during the re nsinder of this year 1000
bales Of Madras, Bengal, aud other sorts O
East India cotton, or about the same amour
I as last year; aud the total available supply Q
} East India cotton will then be as follows:
: Bale
Stock in tbs kingdom. 7th Nay, Is5s....... 2 %
Al a. for sur0pe FIRM Bombay....-....s.. 81 o.
, ExDected shipments from Bombay, from April 10 .
AUsust @oo5N
Estimated imported o; other sorts thl slstof De-
eem0er t0'o'
Total supply Of East India cotton for KurOpe... $50
Ret mated consumpti, Of Cuuti-
rent for ryeAr-.-.-.--.--....----e0 w -.
Taken for sis 49,. .s
tlu Dec. sist 1885, 3s weeks, at 5000 -
per Veek-.-..---.-- @'4VOo-alsV
Ioiai stock Of East IRcia in United Kiagisn, sst
Dec 1855. %
OF this stock about 81, 600 bales would pre-
: baby remain in London and 10000 in Live
) pool.
OF Brazil cotton It is probable that the tot
: supply for the year will be at least ole thil
. less than that Of 1851 the rate Of consumptis
!, so far, is little short Of last year, say sbOl
y 5000 bales per week, and must, therefore, be r
: dueed considerably, through the action Of reli
lively higher prices. OF Egyptian cotton II
- supply promises to be considerably larger tbi
= that Of last year; but if the ise spinning tTa'
u experiences much improvement, as It seen
y likely to do when the demand for America b.
fairly set in, 1t will be little enough to meet Il
extended wants Of consumers; for II no 9th
81 department Of the trade has there been recen
ly 90 great an expansion as 10 this.
e We believe, then, that the total supply
le Iong-stspled cotton will barely admit Of o
n assumed delivery of 5 600 bales per week
D the 3lst December, and leave probably We
smali amount at the end Of the year to add
r our ASSUMED stock of 10000 bales AmeTie
|, and Surst-not sufficient 10 raise the total
,e Liverpool on the 3lst December TO 2OOO
j. bales.
:. From this we are led to conclude that, vi
in the probable distribution Of crop OF thE