Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1866-03-08

Manchester (Januay ~ Correspondence of the London
4 Times /

Manchester january ~ Correspondence of the Londo
i - Times.l IS E
| Messrs. Ellison and Haywood, cotton brokers
Liverpool, have issued to-day their monthly cotton
report and annual review of the cotton market TO
1865 1t is document of great length, very elab
crate in its treatment of every point interesting t.
the trade, and the laeness OF its appearance is
counted for by the great research which ne
cessary for the accurate compilation of such
document, some OF the facts embraced IN 1t hay
ing to be waited for till the last moment before
publication. The following extracts give an est
mate of the probable supply of cotton, and an in
teresting comparative statement OF the economic
vicissitudes of the cotton trade during the last ter
years
The new year opens with promise Of health
Ter and more remunerative trade than has beer
| experienced for several years past The doubt
and uncertainty that still surround the future Oh
supply will tend to repress excessive speculation
and lead to cautious and steady legitimate t,lsi
ness AS to supply, look for a moderate i'll
crease upon the total import of 1865 less from the
Mediterranean, but more from other quarters
We are yet completely i'll the dark as t. the
quantity of cotton remaining in the Southern
States, that any estimate of supply from America
must be more than usually conjectural We have
assumed 800, 900 bales, but should not be surprised
| to see that figure exceeded. Much will depend
upon the amount of the next crop and the propor-
ton which shall receive before the close of the
present year. The stimulus of high prices and
the proverbial energy of the American people,
Will, perhaps, EuOuuCS d y1c1u IMAM seems
at present to be generally anticipated but yet
that will fall very far short of the requirements of
the world, and, therefore, render any important
decline from present rates improbable
The monetary disturbances of the past year. and
the high prices of cereals have exercised a preu-
dicial influence upon the Indian CROP more grain
and less cotton having been put into the ground
than in the previous As, however we
have about 100, 900 bales afioat than at this
time last year, and which, but for the great de-
preston experienced in the spring, would have
been shipped in time to have been included in the
import of 1865, we think it highly probable that
the import Of 1866 will reach from $50 600 to l.
300, 600 bales, against ,:266 coo bales last YEAR
due allowance being made for shipments to China.
Should the arrivals from America show any i'm
portant excess upon estimate, doubt prices
would be depressed and shipments from India
curtailed, was the case last year The Egyptian
crop accounts are very unfavoIable Opinion diff
fers as to the probable deficiency, compared with
the yield of last year authorities place it as
high as SO per cent, others low 25 per cent
Taking the least unfavOrable view of the matter |
Great Britain's share of the crop would be about
$50, 900 bales against 334, 600. A similar reduc-
hon for Turkey, whence the advices are equally |
would give co., 600 bales against |
80, 900 bales From the Brazils the news is very |
cheering, and we anticipate import thence of |
about 100, 900 bales more than last year-s:v 40
600 bales, against 34O O0O The West Indies, Pc
I'll, and miscellaneous sources, will most likely |
send lis $50, 600 bales, against 131 600 bales.
recapitulation of the foregoing gives the fol-
lowing total, as compared with the actual figures
of 1865 and 1864: