The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1869-03-17


and the crop OF 1868 will show q diminished
weight Of at lie ist ttirty pou ads per Dale.
The spiDDers at Manchester hold r9-dsy 120 600
bales less than one year ago. Thissreduction OF
their stock has been caused by thJir persistent
refusal TO enter the markets for supply, hoping
by this means TO force down prices. but thus far
they have only succeeded in reducing the price
about 4 Of penny from the highest point.
The receipts at the United States ports for the
month Of February show falling ofa as compared
with last year. OF say 10000 bales and this ois.
parity will continue. So we naturally conclude
that the entire stock now held in American ports,
added to receipts yet 10 come in, viii not give an
aggregate supply Of American cot1n Of 100000
bales for the remainder Of the year..
We exported last year say $50 ,00fbsles Tnus
far this year, we have exported say s5OOOO: III
we furnish to Europe this year as nuch as last,
we will have left for American spinzers less than
100, 900 bales.
From the most reliable statistics.we think the
consumption by American mills. tss year, will
reach at least i 100 900 bales, of which not more
than 500 900 bales have been taken Ay them. Ii
this ia true. and the American spinrers take $780,
600 needed by them. we Will hare but about
$50 coo bales for export, (having $4,000 bales for
steck) thus leaving Us short in oua export this
wear as compared with last about $4,000 bales.
This too, in the face of the fact that while ex
ported last year say $50 900 bales s1ore than we
possibly can this year, the stock In liverpool was
reduced last year about 100, 900 baes, showing
to that extent, insufficient to meet TIL demand. 1t
is not claimed by any one that the receipts this
year, from India. Brazil, Egypt, or eAewhere, will
be in access OF last year, while froe America the
European receipts will certainly be sss than 4OO,'
600 bales.
In making the above estimates ana suggestions,
we have taken as basis of our calculation the
popular idea contained In the Cotton circulars
usually received as authority. Our own opinion
Is that the crop of 1868 will be about zoo, 900.
IA mi MI In ind NV al ~
o. the almost entire exhaustion ofthe interior sup
ply Of cotton over q very extensive area Of the
cotton region as shown by recent receipts.
The receipts OF all the ports this week are about
40 900 bales, against 70 900 for the corresponding
week Of last year, showing decrease of about
80 600 for the week as compared With last year.
All the rivers tributary TO New Orleans were open
TO navigation one month earlier this year than
last, and the continued high prices, added TO the
necessities of the cotton planters OF the West,
have made them free sellers. The present mate
rial falling off in receipts at that pert, indicates
unmistakably an exhaustion OF supply.
The receipts mp 10 this date, including overland
shipments direct 10 the manufacturers, amount to,
say l ,sO0,000 bales. In 1867 the receipts after
this ate were about 300 900 bales. The receipts
for the past three weeks have fallen off about
OoOo bales as compared with the corresponding
period of 1867.
We take the year 1867 as a criterion, for the
reason that we are this year at leasS three weeks
ahead of last year in receipts, and hence a COM
parson will not hold.
The continued wet weather has facilitated the
shipments of cotton, while it has retarded labor
upon the plantations. All things considered. we
are fully convinced that the estimates of the crop
of 1868 are greatly above the mstk, and that
2,200, 900 will cover the crop. One other idea,
and we will leave practical men to draw their own
conclusions. At present prices thera will be near
200 900 bales held over by the planters against
say $4,000 last year, thus reducing ,he supply to
that extent.
SELMA CoTroN Brokers ASSOCIATION.
-TSelma Times, March 6.