New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-10-14
m. R-s,ish Cotton Trade.
Fs,m 80 oceusioasi Correspondent.
-. c. on Z

xiEB u idSl ID bPNH t' 'NNNNN ANN''
res their consumption Of cotton being now . per
cent less than the fu! consumption. This result has
been brought sbout by daily lessenng rate Of pro-
ducton many mills working only four or three days
per week part Of the machinery being stopped, both
in those establishments where short time has been com
neDced and ia those which are still running full time,
and come mills being temporarily altogether Closed
10 some place. rs at Blackburn, for instance, SNORT
time has been coupled with reduction OF wages
10 weger the short-tne movement is only n 10 IN
oipient state, and may predict with perfect &C.
curity that some weeks later the trade will have
generally resoTted to three dave working per week,
concurrently with large AcpTage of machinery in
most establishments. On the whole Eugish manu-
facttuers and merchants were extremely slow and
reluctant in acknowledging the awkward position OF
their cotton supplies. THE whole of the last Ameri-
can crop they said, has long since been forwarded
TO Eurors. TIE picking Of the crop has barely
commenced Not q bale Of cotton could have reached
n. more tnan has reached US, even if the war and
the blockade led never been heard Of. The ship
,;, q, on does mo-, commence til Tar in November,
rd it llytLe end of December before any large
cyro-tatous take place. Til then, II Is Of little con-
sequence wheheribe cotton Is retained on The paia-
toBsor il forwarded 10 the ports ne fast a. Il begged
II the blockade ceases any time tefore n, md Of his
5e4y the probability IL that by March or April we
s;au have received Just fall a supply Of cotton as
e tic blockade had never been decIaTed? In the
;,rs,,o,t rece,ses Of the mercantile mind the notion
wa, ebei.l ed that the whole American criss, and,
consequently, the blockade, would have ceased be-
fore .ae end Of the year, or that Lord Pamerston
would forcbly break through Che blockade 1he
ste, idea his been altogether abandoned SINCE be-
aide al Other circumstances, Manchester became
avre that tyo vast Interests the monetary interest
haviny srnk an immense capital in the industrial en-
teyn,;se of Northern America, and tho corn trade,
relying Oh Northern America as hs principal source
Of supply, would combine 10 check any unproyoked
aclression on the par, Of tie British Government.
The opes of the blockade being raised in due time
for tie requirements Of Liverpool OF Manchester, OF
The American war being wound up by a compromi'e
with the Seccssionisf have given way before fea-
tre Hitherto unknown in the English cotton market,
viz American operations in cotton ot Liverpool,
fet'y on SPECULATION partly Cor reshipmcnt 20 Ame-
/ Iica Consequently, for the last two weeks the
IycrnooI cotton ma Let has been feyerishly excited
tie speculative investments in cotton on the part OF
tire Liverpool merchants being backed by sPecula.
tive investments on the part Of the Manchester and
other manufacturers eager TO provide Themselves
viii, stocks Of raw material for the Winter. The eS-
tent Of tie sor transactions is sufficiently shown by
tho fact that aconside.be portion II the spare
bou,e room in Manchester Il already occupied by
sreb tocks. and that throughout the week beginning
with Sept. Is aud ending with Sept y, sIiddiing
americans had increased ID. = ID, and fair
ones "a.
/ From tls outbreak Of the American war the prices
of cotton were steadily rising, but the runous dspro-
portion between the pjees Of the raw material aud
the psces Of vans ard cloth was not declared until
the last weeks Of August. Till then, any serious de-
cline in the prices OF cotton manufactures, which
might have been anticipated from the considerable
d.creaa. Of the American demand bad been balanced
he an accumulation of stocks in Grt hands, ard by
-nec,,la,re consignmeuts to China aud India Those
k,atic markets, however, were coon oyerdone.
Z" Stocks. saws The Calcutta Pyice Current OF Aug.
1S6l are accommodating the arrivals since our Last
being no less than "a Og00Oo yards Of plain coitons
Home advice. show continuation Of shipments in
excess OF our requirements and SO long this is tie
case IMPROVEMENT cannot be looked for.
The Bombay market, slso. has been grady over
contract the Indian market. The late famine 10 the
northwestern provinces has been succeeded by the
ravaye, of the cholera while throughout Lower Ben
gal an excessive fall Of rain layngihe country under
water, seriously damaged the rice crops In ieuers
from Calcutta, which reached England last week,
sale, were reported giving net return Of go. per
pound for Cos twist, which cannot be bought NJ Man.
chester for ess Than II 3D., while sales Of lOinch
shrtiup. comparod with present rates at Manchester
Weld Losses at I'D 3D., and I'D. per piece. In tie
China market prices were also forced down by the
accumulation Of tie stocks imported. Under these
circumstances the demand for the British cotton
manufacture, decreasing, then priccs can Of eouse,
no, keep pace with the progressive rfe IN the price
of tho raw material; but, the contrary the spin
ming weaving and printing OF cotton pust, in many
usances, ceass 10 pay The costs ofproduction Take
as an example, the following Gaze, stated by one OF
the greatest MancLester manufacturers, in reference
to coarse spinning: .-,-,-
Sat- u, ISto. Pc, D. M',gn' ninSf D.
Cost Of cotoa. ...................'' ntl '"
Jos warp sold io,...... ,.....'';;' is'S'o'
S,BL ~ 1891
Cot Of cotton. Z" ~ ~
''"'iP 900 '''''''''iii Lon, i'd IN.
Tie c0psuuptloh OF ihdi"D '"'''N ~ ''l'"'! ~"
inc. and with further rise IN prices, Tie Indian
surplv will come forward al increasing ratios; but
il /, .emaius impossible TO change, az few months
notice. MI the conditions Of production and turn the
cnrreur OF commerce. England pays now, IN fact
Tie penslty for her protracted mtrule Of thar vast
Iaaau empire The two main obstacles she has
row to craprle with in her attempts at supplanting
American cotton by Indian cotton, is the Want OF
rean. Of communication ndtranspoTtthroUghouI In