The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-03-27

inst. Is taken from Messrs w. G. Watts & Co.'s
circular Of the hitter date, viz:
In our issue Of the 2sth ultimo we reported q
small weeks business. and then quoted middling
American at s4@9 lied. for uplsnds and Orleans.
fair Pernams at l0id, fair Egyptian at lQid., and
fair Dhollerah ct std. On the folio wing day (5at-
urday) u was currently reported that the receipts
at the American ports for The week ending 18th
ulfimo were about 81 900 bales This was larger
than anticipated. and caused decline Of i9ld-
On Monday news Of the receipts at the American
ports OF 81 900 bales fo- the week was confirmed.
and the shipments to Great Britain for the week
were reported at 5000 to 81 900 bales. This
enormous export, some 5000 to $4,000 larger
than any preceding week OF the season, was to-
tally unlocked for, and would, no doubt, have
caused further material decline but for an ad-
vance OF l3c. In New York (trom 2l1 TO 2Sc.)
This large advance, in the face Of decline here
It was accompanied by large orders to buy for
American account, prices rapidly advanced up to
the close OF business last evening, when Orleans,
basis middling, to arrive, touched l0d. and l0sd.
on the spot. faIa
To-day there has been less doing, buyers ap-
psrenfly awaiting further news from America 10
reference TO receipts. The pause in the demand
and some unauthenticated reports about receipts
at American ports, have been sufficient to cause
considerable fluctuations in American Cotton to
arrive, and Savannah and Orleans were sold as
low as 93d. and SD, but closed about Id. dearer.
On the spot the extreme prices of yesterday were
barely maintained. but closed steady at our quo.
tations as given above
The sales Of the week ending last evening sum
up n lao bales, Of which So ,26O bales were taken
by the trade, 1880 declared for export. and
IL $50 on speculation. In Cotton TO arrive large
business was reported from day to day, closing
this evening at ED 20 I'D. for Mobile and Orleans
ship named, aud Sd. for fair new merchants Dhol.
lerah and 0omrawut.ee, February-March and
March-Apnl shipments.
The general position Of the market has during
the past week changed but little, but is hardly
favorable for sellers. The imports of the week
were 100 sos bales. and the stock Is now estimated
at 500 800 bales, Ian increase on last week OF
IS 240 bsles which is 206 $40 less than last year
and we have now reported at sea from India md
America Sc 900 bales less than last year, making
the total apparent deficit, as compared with last
year, 292 $50 bales, against 329 $50 last week.
C0Hsumptt0n.-The actual deliveries from this
port since LIST January item weeksl have averaged
70 the trade 62,760 bales, and for export Is, 5S9
bales; together 76 298 bales. The actual trade
consumption we suppose to have averaged about
$1,000 bales. The pounds weight of cotton con.
sumed may not be diminished, but the number Of
bales consumed for some weeks 10 come may be
somewhat decreased, since the supply Of Surats
is about exhausted, and the trade must run much
more largely upon American. We. however,
think it safe to estimate consumption for the next
two or three months, should about present prices
be maintained, at 5000 bales.
The shipments dlrectfr from America 10 the Con-
some ZOO bales per week more than last season,
but yet we find that since LIST January the actual
exports from here TO the Continent exceed the
figures of last year by about ii 600 bales and we
presume We will, should about present prices be
maintained, witness no falling on, since it is quite
evident that the increased consumption on the
Continent has about consumed the increased sup
ply from America, and that to the extent of their
wants last year they will buy in this market. The
actual deliveries of American Cotton 10 the trade
and for export have since the commencement of
this year averaged nearly $4,000 bales per week.
but from the diminished supply Of Surats, we think
il not improbable the deliveries for the next ten
weeks may average 10000. and possibly 43 .000
bales per week. Should this be the case, it will
nearly consume the anticipated import, and pre-
vent any large accumulation of stock.
From Manchester our report OF today says:
market quiet. with some disposition to give
way in prices.n t aEaE fo Lf
From New York advices per cable are to last
evening, and report middng uplands 25c. with
gold at ll3, equal to l0}d. sold here. Stock in
American ports on 18th uItimo about $4,000
bales. against $50 900 last year. Havre-stock
18th utimo AZ 600 bales, against 73 900 last year.
London stock last evening 1886 bales, against
So 1893 last year. From Bombay, advices per tel
egraph are TO 2lst ulumo, and report q very ac-
tive market for cotton; Oomrawuttee 205rs.,
equal TO SID. sold here. Shipments Of the week
25s040 bales.