The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1867-01-31

/ Sol41Auo!Sld4 SAl1Ou1Clo, VI 20, cOutilu5
the following article on the cotton prospects for
the year, which our readers will find worthy of
perusal
In estimating the bearing of these probabili-
ties OF q reduced supply upon the value of raw
the prospects of the supply Great Britain is likely
| to draw from other countries than tho United
| States. With reference to the chief sources Of
Eastern production, there appears to be general
few weeks age. Tho grounds of this change Of
opinion in England are thus alluded to by our
London correspondent, under date OF January 5:
With regard to the cotton trade, it may be OBJ
extreme caution, the present range Of prices must
at least be maintained, owing to the small quanti-
ties of the staple afoat, and the prospect, there
fore, of a small Importation for some weeks to
come. SO far as is at present ascortalned the sup
ply Of East Indian Cotton ahoat is under 100000
bales while at this date in 1866 the quantity known
to be on passage to Europe was nearly 290, 600
bales; and with regard to America it appears that hat
bales in 1866. These figures are certainly in favor
of continued frmness ia tho cotton trade; but as
successive adyices from India report steadily n-
creas:ng shipments OF cotton to Europe, splnners
concluding sales. At latest date, ,Viz., December
81, the shipments OF cotton from Bombay were
progressing ut tho rate of about 1G 600 bales per
week, being q considerable increase as compared
WIN CQ0 previous WC9kH, ttuCl, Us Glt scdSuu
new cotton had just commenced, there seems to
be every probabilit: that with the continuance OF
favorable advices from Liverpool the exports from
Bombay will be on much more extensive scale.
These advises, we know, have been favorable to
the growers of cotton in Indla hence there can be
but little doubt as to the nature OF our future ad-
vices from the East. In the course OF month or
six weeks NO shall most probably observe largo
increase IN tne quantty OF East inol;n Go!eTli
anoat II G9ypI Ing eiop VI coItoh I,1s Ia
been productive of disappointment: We were led
to anticipate crop OF 6OO, 00O bales, but subse-
quent adrlccs have reduced the estlmate TO
400 0OO, and finally to 800, 600 Bales That the crop
ls by no means 80 extensive 81 as was announced az
cred certain; btt IN the present posltlon OF me
cotton trade statistics relating to tue probable
production OF cotton in any country should pc well
authenucated p.lorG 1nn relance ls plsce9 lIoti
their correclnesS. II may, h9"eser, De nooheu
upon as certain that the crop OF cotton IN Eg is
superior to last year, although there is 80 con.
sloeraole 1anS Oh lroln tne sta.enlsIss & iaut ~
tle opening VI Ge se'ssou, Ml1i tSsai oovt W Sno
eA.ene ano o. so cioP ta'e5' I rdee
rom alexandrla rGPSrt laI sniPnents ZEN ol psoauee
Cnas PoIo p. s nnon
WIN !oo4 tnete - ian1l'e VI Vi apou' 'ooo
oa1ss. M;s o.,a.1o..4;o,,, ,.,a,,;..
inese cGou go, ta1 1
SOW, ali ao,rcaS entortained to ~ tbrea apIhs
Inc one may 20 o oen s
by 25O o00 Dalcs Tor the United L States 2oogoo TOR
lndla 25c 'NO for Egypt and 5OCOo lor trazll, ma
ling total ao cnrtament ana OF ,oragnal estlmaGes
amounting to O,0O0 bales. These aspects OF tho
supply have produced strong disposition among
holders OF cotton to stand hrmly ior hghcr prlces
q feeling not shakon by the movement among
domestic manufacturers for further curtallng their
production Of goods.
Surveying the general condition OF the worlds
markets, II wond seem reasonable able TO expect an
active demand tor cotton goods during the present.
year. .,.,.-,..., LII,
TI,n H.
out at least, any prospect OF immaculate disturb
ance, and with less commercai Gera9gement tnan
might have been expected; ana the Eastern Easter, 4ues-
t1on whlch, until recentIy, loome9 uaTkiy III t9o
larger markets for cotton manufactures. Ihe
sone oi s uuseese a,,d en;nnors do mot 0So
any reluctance to buy cotton freely at curreit
nriices