The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-06-10


notice. Offerings Of cotton coastwise are light
Freiohts foreign are rather frmer. The number
of vessels on the berth gradually diminishing
has induced masters 10 demand higher rates
We quote: By steam 70 Liverpool "a. Tor
cotton, l64d. for corn, 60s. for tobacco. Law
erpool by sail, to fill M British and American,
7.l6d, for cotton. s@9d. for corn, 30s. for
tobacco 10 Liverpool and 35s. 10 London. To
New York by steamer, &c. for cotton, lsc. for
corn, and Csc. for -four, and s. for tobacco. New
York by sail, &C. ior cotton loo. Tor corn ana ooc'
for -four. To Boston by steam, lie. for cotton
lsc for corn and SOC. for -four. Boston by sail,
ic. for cotton, l5c. for corn and 65c. for Hour.
To Bremen BY sail, cotton nominal and 35s. for
tobacco. To Bavre by sail. l5-l6c. for cotton.
LIVERPOOL AND MANCHESTER MARKErs-Fhe
subjoined report of the foreign markets IL taken
from Messrs. W. C. Watts i Cos weekly circular
of the 22d ult.
In our issue of Friday, 18th instant. we reported
a very small weeks business. and at the close
quoted middng American firm at l2t0l2si. for
uplsnds and Orleans. Saturday, later advices
from Pernambuco, Brazil. came to hand. report
ing small stock of Cotton on hand and light re.
eeipts from the interior this gave additional
strength TO this market, and prices closed !G4c.
deaTer all around. Monday there was large
attendance Of spinners, and promise of an active
business but when it was known that the ship
menis from the American ports, for the week
81 ding 18th instant to this country and the CONT
nent, were some 5000 bales larger than the pre-
NCulDk hcths lutbtdu Vi OUVO u IVsUJO boic1 ASss
as anticipated, change at once came over the
market, and prices took downward turn. Tues.
day morning the press dispatches, and several
private kilograms from New York, reported that
market as closing on Monday evening at 293G3Oc.
for middling uplahds, or 2GD24c. lower than on
Saturday. This reported decline, in response to
an advancing market here, created semi-panic.
and prices az once gave way 3Cg4d. Later 10 the
day corrected quotations. 32c., came from New
York, but the peculiarly sensitive position of the
u hon haau uDada rio did
not rslly, bat continued TO decline up TO close Of
business last evening. when middng uplands
were sold on the spot at II ID, and to arrive at
ll9ll3d.
10. day the low prices attracted an increased
speculative demand, and many sellers having with
drawn their stocks from the market, prices close
with 81 upward tendency at our quotations as
given above, which, as compared with our quota
tons last week, show decline OF 81. in Surats
and Brazil, "a. 10 American and ID. in Egyptian.
The sales of the week sum up as $40 bales, Of
which 81 500 were 10 the trade, 5000 declared for
export and 40I0 on speculation. In cotton 70 ar
rive a small business done during the week, aud
the latest quotations are for American, basis Of
niddlng, ship named, uplands llSd., Mobile ll4i
and Orleans l2d. 0omrawuttee, fair new mer
chants, March sailing 9sd. TO 9ld., aud April sail
Ipg 9sd. to 93d.
The statistical position Of this market again ap
pears rather less favorable than at the date Of
our last report. The imports of the week have
been SMALL viz: IS 500 bales, but the deliveries
to the trade and for export having been very light
we have an increase ia the stock of 3l30 bales.
which is row estimated at 590,570 bales against
7I3 $50 last year, and there is reported at sea
472 600 bdles, against 697 900 last year, making
total decrease in visible supply 40S 270 bales,
against $50 $50 as per our last report. Last year,
Tor the three weeks following this date, the stock
here increased 81 $50 bales, and on the 18Th June
reached the maximum of the year, viz: SCI, 400
bales. The indications are, the stoke here has
now reached the maximnm point for this year,
and may be considerably reduced within the next
three weeks, and If so, the statistical position Of
the market-especisya as regards stock on hand
will appear more favorable for sellers.
Export DemGfd,-For the past six weeks the
actual exports have averaged only 1900 bales per
week. Referring TO reasons assigned 10 our last
report, we have now Only'tO repeat our confident
expectation in an early and largely increased de-
mand.
Trade Dendnd.-For the past six weeks the
trade have taken an average of only $3.50 bales
per week. At present consumption is generally
estimated at as 900 to AS 900 bales per week. The
average for the past six weeks has, we suppose,
been rather over than under $4,000 bales. This
would indicate reduction of near so, 600 bales In
the six weeks, and, as stated in our last report,
should about present prices be maintained, spin
ners not likely to let their stocks run much if
any lower, and should there he marked falling
of in the shipments from American ports, they
msy again stock themselves pretty largely IN an
tcipation Of higher prices.
At Manchester trade has during the past week
been dull and unsatisfactory, owing to the down
ward tendency of this market, but prices there
appear to have been better sustained than here
and our sdvices to-day indicate that large bust
ness in both Goods and Yarns will be done as soon
as buyers satisfied the decline here in Cotton
has been checked.