The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-06-16

kilograms announced shipments from American
| ports, for the weekending 22d Instant, to Great
Britain and the continent 20 600 bales. This was
| much larger than anticipated, consi 1ering the
small stocks reported in the American ports The
! ports, owing TO favorable winds, we're also
larger than looked for, and further increase in
| the stock during the week was apparent. Then
again, inasmuch as the week commencing lst
| proximo is holiday week throughout the manu-.
| featuring districts, very limi.ed trade demand
was probable, and these causes combined gave a
downward turn in the market, which continued
| up 10 the close OF business on Wednesday, when
mlddlng Orleans was in some instances sold as
low as lid. TO III id. The low prices attracted
some speculative demand, and Notwithstanding
very moderate demand, prices have since ruled
rather 10 favor OF sellers, and close steady this
evening at our quotations as given above, which
as con pared with those given in our last report
snow decline of I'D. u b. on American and
tPypuSn, and I'd. on Brazil and Surats.
lie sales OF The week sum up only 81 $40 bales,
oi which u 24O were taken by the trade, 62l0 de-
elared for export, and 1920 on speculation. In
cotton TO arrive we have again to report a very
limited business and the closing quotations which
however, may be considered as nearly nominall
are for American, basis midding, ship named
Upands ii i'd, Mobile ll2d., and Orleans lid;
OonrawUttee, fair new Merchants March sailing
9@9!d.; April sailing, ST619d.
The statistical position of the market again APP
pears lets favorable for sellers than st the date of
our last report. The Imports owing to favorable
whilst the deliveries to the trade and for export
VIZ, $3.50 bsles) have been smaller than for anv
week since October, ls65. The increase in stock
curing the week ia 20 go bales, and as shown by
our tables above, the estimated stock is now bat
$50 $40 bales less than at this date last year whilst
the cotton reported at sea is only l30, 600 bales
less, making the decrease in visible supply, as
compared with last year. 320, $40 bales against
Aus bales as per last report snd 537 $50 on 18th
Aprll, say SIX weeks ago; actually. however. the
general position Of the trade has changed but
little. Six weeks ago spinners here, on the CONT.
Dent and in America, held a very large Stock,
which has since been very largely reduced.
The home trade continued TO stock themselves
freely up TO the 9th April, when they held about
their maximum stock of the season. Since that
date (seven weeksl the deliveries to the trade
have averaged only 80 Ola bales per week, which
we suppose is near 10 600 bsles per week Iasl
than the average of consumption consequently
We have reduction of about 20 900 bales in the
hands Of the trade. which, it is generally supposed
reduces 1t to near a minimum point. But as most
OF the mills IN the manufacturing district will be
closed next week, there has been no inducement
for spinners 10 increase their stocks this week
but should shipments from American ports for
the week ending to-day, show a1y considerable
reduction, or should the diminished production Of
goods, as now seem probable, lead to 40 increased
demand Tor same, We msy reasonably expect
quite an active trade demand for Cotton By or
possibly before 9Th June.
The export demand continues UNEXPECTEDLY
small, having averaged only 1857 bales for the
past seven weeks. The revival in this demand
has already been delayed longer than we antici.
pated, but II must come very soon. The stocks
in the hands of continental spinners is now, no
doubt, reduced TO a pretty low point. The sea.
son of the year has arrived when we generally
have an active export demand, and there is less
Cotton ahoat from American ports for the cont.
nent then last year.
From Manchester we have had during the week
exceedingly gloomy accounts; besiness has been
on very small scale. The extent, however, to
which production has been reduced by working
short time, is looked forward to with some hope
a..