New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-05-08

Foreign Mark cts.
The following remarks on the condition Of the
/ Liverpool Cotton market are taken from Messrs.
| Bout English and Brandon's Circular of April 20,
1866
CoTToN-The market opened very heavily and
prices continued to decline, the imports being
very large, but on Monday smart revival set in
and prices recovered about I'D. 49 d., the demand
being chiefly from the Trade. On Wednesday the
adyices Of full receipts of the American ports
caused the demand to fall off, and yes
| teTday the failure of a local bank caused much UNI
easiness, and although confidence was to some
extent restored the decline for the week
amounts to about lad. u b. The import this
week is 1871 1927 bales, of which 45,048 bales are
| American and los, 1897 bales East india. The sales
for the week amount to 67,s4O bales, of which the
trade take $50 bales, exporters ESQ and specu
ators $40 bales The stock is increased this week
by l43 $40 bales being estimated at 8l9 $50 bales
| (330,060 American) against 575 ,480 bales (5S $50
American) same time last year. The authorized
quotations are for middling Orleans lid. mid
ding Bowels l4id., and fair Dhollerah 3D. 49 ID.
To-day the sales are $4,000 bales at an advance of
I'd. ~ ID. for Americana there is also better in.
| quiry to arrive.
The subjoined extracts are from Messrs. W. G
Watts & Co.'s Weekly Market Report dated Liver
pool, April 20:
CoTToN-1n our report of Friday, 18th instant.
the estimated stock was given at GIG 900 bales
ana we reported the market as closing very iregu-
lar at about I'D to l59d for middng American.
On Saturday, advces from New Orleans. to "a
instant, were received, Reporting increased
receipts; this and more warike news from the
continent produced real panic in cotton, and in
some instances middling American was sold MS low
as l23d. to l3d. Sales only about 5000 bales.
sales to arrive were made at lad. for mid.
dlidg uplands, and 145d. for middling Texas.
On Monday there was a good trade attend
ance, and more buyers than sellers NIiddlinr
American advanced to li1d. to I'D, Surats,
though more saeabie, continued to droon
Sales about 1900 bales. Midding, April
or Nay shipment, from New York, sold to arrive
at l48d. On Tuesday the demand continued GOOD
and l2,00O bales were sold. American advanced
a. to id, Middling, March or April shipment
from New Orleans, sold to arrive at 16d.; and mid
dilng Mobile, May delivery, at led On Wednes-
hand, quoting Cotton dull at CSC. to 39c, with
gold at l273, and confirming the increased re-
ceipts at New Orleans this and some pressure
to sell caused an irregular market, and the
advance of Tuesday was lost Sales estimated
at 5000 bales Middling, March and April shin.
ments, from New York sold to arrive at l4ld,
and middling Texas, ship named, at 148d.
Yesterday the suspension of Liverpool bank
caused very gloomy feeling. This gave rise to
increased pressure to SELL and during the early
part OF the day prices were irregular at 1340145d
for middling American, but closed at l40l4Jd
Sales estimated at 5000 bales. Middling, April or
May shipment from New Orleans, sold at l44d. to
arrive.
To-day there was an increased demand, particu.
iarly Tor American, which closed at an advance of
ID, Sales estimated at 1000 bales. No transac.
tlons reported in parcels to arrive. There were
buyers but no sellers.
The decline during the week on the several
descriptions, as follows American 3D., Brazils 3d.
Surat 2}d. and Egyptian 23d.
In our reports for some weeks past we have
called attention to the probable rapid increase in
the stock here. From our tables below it will be
seen the imports last week were enormous say
l9l $50 bales, and that the stock now stands at
Si9,S9o bales. We now suppose this will prove
about our maximum stock the present year. The
shipment from India up to latest dates continue
unexpectedly large, but arrivals from that source
for the next four or six weeks will probably be
small. The recent heavy decline here will, we
suppose, to great extent check shipments from
all sources of supply.
Owing to apprehensons of war between Austria
and Prussia, the rapidly increasing stock here and
probable decline in prices, spinners and exporters
nave taken the past six weeks an average of only
81 500 bales per week, (3S,597 by the trade and
1888 actual eXports.) The trade here and on the
Continent are believed to be very bare of stock.
and that at about present prices they would come
INTO the market and stock themselves freely but
for the uneasiness growing out of the present I'M
settled condition of continental politics. and upon
this point there appears now less uneasness than
for week or two past.
The actual sales of the week closing last even.
ing were 81 $40 bales Tor about l6 600 bales more
than the daily estimates,) of which 80 $50 bales
were taken by the trade, 1929 declared for ex.
port and $40 on speculation. Estimated stock
sl9,S90 bales IAN increase of l43 $40 on last week
against 5l6,4s0 last year, an increase of IA 4lO
ha!es.) Reducing the China pculs to average
bales, the Cotton now at sea for Great Britain is
$4,000 bales in excess of last year this, added to
the increased stock makes a total excess of 5l7,-
40 bales,
In this connection we would remark that of the
total imports last year, about three fths were re-
ceived the last six months of the year. The India
crop is coming forward much earlier than hereto
fore, owing to increased railroad facilities; much
year will perceived before the lst July next