The south-western. [volume] (Shreveport, La.) 1852-1870, 1867-05-01
Gnttnn in ENGLAND.

/ The following extract from the circular Of W. G.
Watts Co., Liverpool, under. the date of the 9Th
ult., is not without interest to our mmercia
We have now to note recent and very perceptibl lie
change in the current OF opinion to the immediate
future of prices. few weeks ago the opinion seemed
almost universal that if could see such falling of
in the receipts at the American ports to point
outurn ofnot exceeding one and threefouths to two
million bales, that spinners here and on the Continent
who known to be excessively shortof stock would
at stock themselves freely and check the down
ward tendency, if not give upward to prices.
Now, however, there longer any reason to
suppose that the receipts the American ports will
but little if at all exceed the smaller estimate We
have adpces also of almost unprecedented food in
the Valley OF the Mississippi river, which will without
doubt greatly delay the planting of the crop this
son, and thus add much to its uncertainty and perhaps
materially curail its extent. Satisfactorily too the
position of the market appears much stronger than
this time last year By reference tables below
1t will be that the present stock though large is
only 40 bales IN excess of last year, whilst the
ported supply at sea is $50 900 bales less than
last year. Money, too, is abundant per cent
whereas last year 1t stringent at per cent. aud
soon after this date rapidly advanced to 10 per cent
and yet, during the entire panic which followed, al
though the stock of cotton here increased over one
million bales, and & ant was in progress on the
Continent, prices at time forced below those
now current. We have space only to briefly recapit
uitS reasons Tor ttS anomalous
OF the market. The immense production of goods
last year seems to have freely supplied all-and to
have oVcrstocked sOme-of the markets of the world
The high prices Of breadstus and provisions have this
year caused largely diminished home demand for
goods manufacturers in the absence Of legitimate
demand for their goods rather than let their stocks
accumulate. have shipped largely their own ac-
count, particularly in India and China Those mar
kets thus over8tocked with goods and the raw
material having declined here in the meantime, the
result is heavy losses These in connection with the
enormous losses that resulted from the panic of last
year, and the continued prosraon or depression of
most descriptions Of railway and other securities have
greatly curtaied the ability Of the trade purchase
OF importers to hold their stocks and of SPECTATORS
to operate. From America we also learn of similar
prosraton in nearly every department of trade, and
it appears that we will receive much larger pro-
portion OF the crop than supposed few months
ago. Added to all this the calamities attendant on
the trade for the past twelve months to have
given rise to very general impression that prices
have been too high considering the many
Of supply that have resulted from the high prices
rent for some years past a4+
New York Dry GooDs MARKEr-New York, Fri
day, April l2.-The state of trade during the Winter
and Spring months has been anything but satisfactory.
Suggishness, least inertia and depression have
been the characteristic features of the market. The
supply has the demand, and in order to relieve
the markets and avoid greater losses has been deemed
a matter Of expedency to curta production sensiby.
Some of the wooden mills have been obliged to
production, while many others working three
quarters and hatime and all are more or less running
their machinery at loss. As general thing, trade
continues exceedingly langud throughout the land,
and no one is making any profit commensurate with
the interest involved unless it be merchant taors
The wholesale clothing trade continues somewhat de-
moralised and is almost dull as ever, and the cloth
jobbing houses bat little better Off And yet it is
cd hat in oHS ha ra,laa cd
Most Of the manufacturing agents would at present
hail with JOY the stoppage of all the mills for period
Of thirty days at least to enable them to dispose
Of any surplus stock they may have the readily,
to better advantage. Past experience, however has
taught manufacturers the impolicy of stopping the
mills, as it Injuries them in ways than Con-
sequenty, while the fantest hope is entertained Of
disposng of goods at cost at slight loss,
manufacturers would rather prefer keep hands,
and their works at los2 sometimes, rather
than permit skilled operatives go away and seek for
employment elsewhere. i. A " U. S. Economist.