The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-03-13

supply is ample but purchasers refuse to operate
at asking rates AID sales are restricted in coase-
quence 10 peremptory orders. The operations
for the day Exclude so tierces prime at l54c-, 100
Kegs on private terms, and so kegs at l6&c. y ID
Our quotations, which We give for reference, are
merely nominal. viz: Prime IN tierces at 1910.
and IN kegs ct l6lGl63c. y d. ff5 FtLa
FRErGHTs-rhere Il very little cotton offering
coastwise and but little tonnage. We quote: By
steam TO Liverpool 13-l6Gtd. for cotton, l64d. for
Tor cotton, 149l5d. for corn and IL for tobacco.
To New York by steamer lc. for cotton, 20G2l4c.
for corn, SOC. for -four. New York by sail, &c. Tor
cotton, zoe. fer corn, and s5c. for Hour. To Bos-
ton by steam l4c. for cotton. zoe. for corn and
9Oc for -four. Boston BY sail. Ito. for cotton. IS
@2Oc. for corn, and $50. for flour. To Bremen b.
sail 6-l6c. gold for cotton and 5Os- for tobacco
To HayTe by san 1{G- for cotton. Glasgow by
sail l63d. for corn. 49,
LIVERPOOL MARKEr-The annexed report of
The movement Of the Liverpool Cotton market
tor the week ending the 2lst ult., Is taken from
Aessrs. W. O. Watts & Co.'S Circular Of the
latter date, viz:
In our issue Of 14th instant we reported large
weeks business. the market closing firm at g q
SD. for middling uplands to Orleans Sd. for fair
Pernams, Old. for fair Egyptians, and u for fair
Dhollerah. From that date to the close Of bust.
ness last evening the market continued to advance
under q very active demand, the sales averaging
"a. 600 bales per day. To-day large business has
again been done, but prices close rather easier
than the extreme rates obtained yesterday, and
our quotations, as given above, indicate an ad.
vance during the week of ltd. 81 ID. on American
and Egyptian on Pernams l 3D., and on fair Dhol-
lerah Id. To arrive. we now qnote-Basis OF
m doing, uplands IL l6d., Mobile 9ld. land Or
leans ODD; Dh0erah. fair new merchants, JAN
LHy or February shipment. Sd. These prices
show decline Of I'd. on the highest sales OF yes
terdsy.
The sales of the week sum up Ia. $40 bales, in
cuCing 70 $40 taken by the trade. "a $50 declared
for export and 40,94l for speculation. Transac-
lions in arrival Cotton have been on an unusually
large and numerous scale from day 10 day.
The advance obtained this week is due in no
small measure to the rapidly declining stock IN
Liverpool, and TO the conviction which seems 70
be deepening as the season advances, that We will
not have a sufficient supply Of cotton to satisfy
the present enormous demand. On January lst
il was estimated that the stock 10 spinner's hands
was $4,000 bales, since when they have taken
81 535 bales per week, and II we suppose the con-
sumption has averaged IS 900 bales per week, we
make out that their present stock will be about
$50 600 bales. At the commencement OF the
year consumption was about $4,000 bales per
week, now it is about SIS, 600 bales, showing that
spinners have now on hand about two weeks sup
ply End above the stock which 1t Is usual aud
prudent for them TO hold at this season of the
year. On the Continent, IN America, and in this
country, consumption has increased to such an
extent that should II continue at the present rate
IL will take about one million bales Of cotton 10
satisfy 1t above what was required last year. The
question then is where Ia this million bales to
come from! To this question we can find no salts
factory answer, as India and Egypt will send US
no more, if so much as they did last year, while
from America it is doubtful fiat the years end
we will have received much more than we did last
year, when We take into consideration the low
point at which stocks there are now and have
been during the season,
A consideration of these circumstances /, he
comparatively low price of Cotton, more cheer
ful news from India, profound peace IN Europe,
and the natural reaction from the terrible dull
OF lest autumn and winter, have no doubt stimu-
lated spinners to enter the market freely and pur
chase TO a very large extent. This fact should
not be lost sight OF, an spinDers are now In
position 10 purchase sparinRly for few weeks,
which would no doubt brighten weak holders, and
as nearly all the Cotton at sea and on the spot Is
paying fair. and in many cases large profit,
much of it may be reised for sale the moment
reaction was found to be setting in. That this
reaction will come sooner or later is certain II Is
only a question of how far purchasers Of goods
will follow the advance in the raw material, and
at what point they will stop giving orders.
II must also be reelected thstlthe time is now
rapidly approaching when we may hear OF large
shipments from India, and we may not unreason
ab,y lock for full receipts at American ports for
some weeks to cone, as planters will probably
send forward their stocks as quickly as possible,
Influenced by advanced prices here and ia Ame.
RIGA, and constrained TO do so In order to obtain
money to enable them TO go on with next years
planting. Should such be the case, 1t will for the
time being have an unfavorable influence on
prices.
On Monday it became known that receipts at
American ports for week ending l4th inst. were
5000 against 81 900 bales same time last year.
nnr latest quotations from New York are dated
20h inst. quoting middliDg At 243c., costing to sell
in Liverpool 10 7-l61. by sailing vessel or steam
err. Stock in London last evening was S4,965
against "a 072 same time last year. Our Manches-
ter report of TO day says: Market strong. but
The business is small, owing to the extreme rates
sked." Our latest Bombay telegram is date
18th of February, quoting fair new Dholersh
equal to sd. sold here.