The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1867-04-24
Esr1NATE or pnorrrs OF. ONE HAND,
Net Rein on one
Tho cotton Trnde.
--------| IL THO COtton Trhde. M
Tho Now York Shipping and Commercial List
publishes the following well considered remarks on
cotton and the cotton trade.


Tho Now York Shipping and Commercial Lisi
publishes the following vol considered remarks on
cotton and the cotton trade:
The course Of tho cottop> market continues to
batfle all the calculations fad expectations That
were formed in the early part Of tho currnnt cotton
sides Of tho Atlantic may DO said TO hnvo changed
the whole aspect Of the market, converting sup
ample thus adns ho arse rGaao
5s GsSssss SsSPs I Ess &
has boen equally largo, and with a very slight
margin botwsen cotton on tho ono hnnd and goods
months boon light averaging only about forty-two
thonsoad bales weekly in tho United Kingdom, in
the Ba ,k Of England and tho low gate OF discount.
In fact, the e. Scheapness of money is regarded
being healthy symptom Is m Indication Of com. n.
mSlSiai a dis.ress sh Tue I truth is the
year continue to be felt by nearly ali classes Of the
British people, and the demand for goods is in con-
sequence, comparatively limited; The same stagna-
being intensified by tho apprehension of further
political complications: On this sdo Of tho At
on tho other: Throughout tho interior money has
bcen, and still is, scarce and dear, which, coupled
with tho pressure OF taxation, lack OF confidence
products, has induced marked caution, necessitat-
in prices Of goods: Ths, in turn, has unfavornbly
months past has boen comparatively light Under
this state OF affairs considerable exports OF cotton
ahh s sdaf Sass to
low Tint Of lnst year, there arc Indications that
Gront Britain viii nonopolize larger supply OF
in Liverpool at tho end Of March was a as follows %
+ II Eas. india Brazil.
- American and China Egyptian, &c. Total
1855 s5sSSS
lstJ Increase Of stock this yea. . =. :: OF OOo
Pr about 20 ooo bales greater than the popular es-
evident that our stock must eondor.
he Of as .hsesn Seal
average Of previous seasons, it will bo large one, me-
ana sufficient To- 9uenoh any speculative pirit in
ica fall off, which they viii likely do IN May. tho
largo imports from India will commence, and aitor
our stock has reached the maximum, tho process
will loaye the regulation OF prices very much in tic
shs hands q buyers r. Of Ss'h 4
Thd 6gufcs oi export and delivery for 9, consump. IN
ti0n a. dfyeFpSG indicate taa. foreign
enco of price, which Is only about two pence Der
pound, and, as tho growing OF tho staple in India
4 aro mhking handsome profile, whlo oura arc MAX
win iLo taI ID Obvious Tho Southern Ph Prsss aMas arg
heEiphing to domonstrato by facts and 1guros
tnht IL lS HoFo prOntaDlo 10 cultivate cereals than
Cotton, and, unless tho tax bo wholly abronatcd
thereis danger that tho advice which is 30 frccly
proered TO planteIs, by Southern Journals 10 turf
thor attention moro to food prodncts, will be fol
But, aside from such diversion, the unsuaI 40.
verify OF tho foods through tho breaking OF the
lovoo3 ON tho lower Mississippi will, no doubt, mn.
terribly limit tho production, since It will bo I'M
possible TO cl0so tho crevasses and reclaim The
ianti in tiine for This seasons crop. Much III mol
oil, OF this present nnd prospective mischief might
doubtless, have boon ayGrtod II tho authorltios o,
| Louisiana had boon provided In time with moens
| TO strengthen tho 'embankments; tho money wnf
simply asked Of the Government dis lonn and n
is TO- BIO. regretted that tho appropriation foi
this ipurposo last, winter was not mado
4 The leyees OF the Mississippi aro works
OF national Importance, involving intoresii Of onor
nous valuq, and affecting not only tha districts
inblo to overflow, but. Indirectly, the comm ,roo
the whole country, Thoyf need thorough recon
Htruction, and q comprehensive system rl super
Vision which would redur5 tc; tho ;oIcat possible
point the chances OF sIcli calarnitics as tho poo
Plo OF that unfortunate region arc now suffering
II is 70 DO hoped thss Cong rosa will tako tho mat
Ter In hand dt tho es u he planters could
we'll anord tax sufficient TO pay tho interest OF
tho outlay, for thero is scarcely limit 70 tho pro
ductiyo povcr OF those rich bottom lands, aht
with sure protection fom oyordows, no section q
tho country ,rill yiold bottor and tiSncr return
upon tho abr and capital invested,