The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-04-30


fair l5tQl6c.. ordinary to fair 14t6l5Ic. Gold
l4O3. stock this day in frst hands, $50 .bass
The market closes steady with fair demand.
LIVERPOOL COTTON MARKr.-The following
report of the Liverpool cotton market for the
week ending April 9th, is from the circular Of
Nessrs. w. @. Watts Il Co.:
In our issue of Friday, the Sd Inst. we reported
very large weeks business and an advance of
about l5d. e b. upon all descriptions aud then
quoted midoling American at liz TO l2sd. for
uplaDds and Orleans. Since that date the market
has been subject TO greater fluctuations than
usual, and in order to explain these we must
notice the causes that operated from day to day.
Referring TO our last report, we have now to add
that on Saturday (4th inst a very large business
was done, and cotton both on the spot and 70
arrive advanced fully Id. Mondsy-American
kilograms reported at all the ports for the week
ending the Sd inst. about 81 900 bales, and the
shipments to this country 80 900. and to the CONT
Dent Is 600. The receipts were some 1000 10 5000
bales larger than indicated by previous kilograms
and the shipments much heavier than anticipated,
and inssmuch as the trade bad purchased very
largely for some days preceding, aud there was a
large import Of American fully due, the demand
Stacked of, and prices continued 10 decline up to
noon on Tuesday, when American was sold at Id
decline from the highest prices Of Saturday.
Al this point sharp reaction set in, and in a
few hours prices advanced ID. This advance was
mainly due TO the favorable reports from Man
chester, where il appeared very active demand
iOI EoDuS Hdu Tceultcu iIOm dONlCcb Just 10 0duQ
from Brazil. Wednesday the aspect of the mar
ket was entirely changed. Private kilograms
from America indicated larger receipts at the
ports this week than last the actual stock of cot
ton here was being made up, and it was by many
supposed that inasmuch as an excess of about
so 600 bales recently found in the stock Of
SuTsts, that similar large excess would be found
In other descriptions, the result was that prices
dropped hack TO the lowest point of Tuesday, say
ll5d@ll}d. for middling uplands.
81.
reported as follows: OF American a deficiency of
96l0 bales, and an excess in Brazil of 1910, in
West India Of 1850, 10 Egyptian of $50 and omyr-
Da Of $50 bales this proving 800 bales less than
the estimates. This result caused an advance of
I'd. on spot, and "a. "to arrive" which advance
has been maintsned to the close of business, not
Withstandlng increased estimates per cable of re-
ceipts al American ports. and prices close firm as
per quotations above. which show improve
ment during the week Of Id. ia American; other
descriptions unchanged.
The sales OF the week ending last evening 1--we
days. sum up l07 $50 bales. of which 20 $50 were
taken by the trade, $500 declared for export, and
29, $50 on speculation.
In cotton TO arrive we have again to report a
very large business in all descriptions of Ameri-
can and Sursts American ito arrive" has
changed with every changing breeze but distant
shipments have generally ruled at ID. TO d., and 10
some instances ID. higher than on the spot, whilst
parcels on vessels 10 port have sold ID to IA. less
than on the spot. The closing quotations for
American, basis Of middling. ship named are for
uplsnds l24d. to l23d., Mobile l2ld. to l24d. and
Orleans l24d. 70 l21d. 0omrawuttee, fair new
merchants, March-April sailing 93d. TO 10.
The general position of the market seems now
even stronger than at the date of our last report
Tie imports of the week-ss shown by oar table
aboye-have been very large. say 1852 bales.
This is near 20 900 bales larger than any preced-
ing week of this year, and yet the sddiuon to the
stock this week is only 4t,5l0 bales, and our
tables show the stock 1855 100 bales less than last
year. snd 1872 coo bales less at sea from India and
America, making the total apparent deficit as
with last year 4S7 100 bales.
The large demand for goods for shipment to
South American markets, 70 which we have re-
ferred above, and also in our last report. has in
fused more animation into trade at Manchester
than could have been anticipated, and prices
there have about kept pace with the Improvement
In this market, and there seems TO be great conf
deuce that present prices will at least be main
tanned. We hear no further reports of a resort to
short time.
From New York sdvices to last evening quote
middng uplonds 2sc., with gold at 1881 Stock
in American ports to Sd inst, as per our private
telegram. 25S 900 bales against 49S 900 last year.
(in our report of Sd instant we erroneously set
down the stock in American ports 9th March last
year 4S9 600. when it should have been 57l 000.)
London stock last evenings 54 800 bales, against
II SIG last year. From Bombay our latest tele.
gram is to 30th ultimo and reports Cotton ad-
vancing; fair new Dhollerah Sd, cost and freight,
OF say Si6ls2d. sold here. Shipments from BON
bay for the week ending 18th utimo ~ 900 bales,
and for the four weeks ending same date ia 600
bales, against 1911 44 bales 10 March last year.
We should here explain that the above quotation
from Bombay is 10 response TO advices from here
TO 18th ultimo, when fair Dhollerah and Oomra
wuttee were quoted here at SGD.