The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1869-08-19
The CondIlIon or lhe Cotlon I'D.

The Condition of she GoatOm Trade
The London shipping Gazette has an mr.
ticle on the condition of the cotton trade
which Is full Of promise for the South. NJ
Providence favoFs us with the sunshine aad
the rain in season and due propor'i ION for
growing crop, the planter has a splendid
prospect Of highly remunerativo prices
The following Is the article 70 which we re-
fer:
THE cotton trade IL still In n very pccu-
liar position. The struggle between Liver
pool and Manchester, which has been going
on for so long time, has resulted iu the pare
tial defeat Of the latter. The position % the
raw material Is statistically strong, while
the stocks Of cotton goods throughout tho
world have been greatly reduced ln COnRe-
quence OF the restricted exports from this
country. Holders Of raw cotton have been
further favored by the fact that money has
continued cheap, which has given them "a
considerable advantage In the contest with
the spinneTs.
There Is very little doubt, however. that
the latter have p1rsucd the right policy in
limiting their purchases TO the utmost o'c-
tent, and they may not have cause 20 regret
having done 20. The restricted consump-
ton which has been going on has Impaired
a healthy tone 70 both the Liverpool and
! Manchester markets. and more activity may
| be anticipated In both, until, no least, prc8-
ent wants have been supplied. The imhic-
diate cause Of the return Of activity o. the
condition OF the eastern markets; Which
must by this time be pretty well bare Ol
goods. The shipments Of india. as we have
frequently pointed out, have been on an un-
usually small scale for some time past, and
altogether out Of proportion 10 the require
ments OF so large a population. On the
other hand, the exports % China have been
greatly on the increase. These. however,
| have been rapidly absorbed, especially so
! far as the Northern ports are concerned
| fact which goes far 10 prove that we are ns
| yet unaware Of the great capabilities of Che
| China market, trade with WHICH would OF
| most appear 20 be Ia It's infancy. The Amer
| lean markets have also shared in the im-
| proved feeling, not however, from an eA-
/ haustiOn Of stocks which are at present
\ sufficiently large, but rather from the grow
| ing belief that cotton must continue a. ad-
vance in consequence Of the altered aspect
/ Of affairs. From South America, too, the
| reports are such as % lead % the beliefthu
now that politics have assumed a more
| peaceful attitude, the usual supplies Of cOt-
ton goods will be required. frOm this
changed position Of the cotton goods mar-
ket. IL y evident that an Increased demand
! tor raw cation may be anticipated.
| IL Is difficult 10 see. however, how any
great increased demand can be- satisfied on
! Of present resources. The quantity OF COt-
| ton on hand Ia Liverpool q very small, have
! ing only increased by 1890 bales since rlo
! opening Of the year. II may be- noted that
/ the average stock held during The twenty
years ended 1850 was no less than 1i1.O0l
/ bales. the quantity on hand no the present
time being 36j,500, or less than half that
/ amount.