The south-western. [volume] (Shreveport, La.) 1852-1870, 1869-11-24
Cotton at Liverpool.

We have before us Messrs Watts & Co.'S Liverpool
Circular, of the 23d ult., from which make up a
summary of the condition of the cotton market at Ly-
erpool The circular notes that in cotton to arrive
the transactions in American have been to fair ex-
tent, but in Suras nothing reported. On the goth
ult American to arrive worth to Id. more than
the lowest sales made last week. but this advance has
since been lost and to-day sales reported of Savan
nah, basis middling, ship named, at lsd.; Mobile,
Had; Texas, by steamer from New York. now at sea-
I'D, and November December shipment, from any
port, lid. The prospects of the market were less
favorable for the holders of cotton than at the date of
the last report, 10Th ut). We copy as follows:
The total visible supply shown by our table below,
is only bales less than at this date last year.
whereas the deficit last week was ,6S4 bales and
the indications are, that in few weeks the Wis.,
ibe supply will be greater than at corresponding
date of last year This will have depressing influence
The immediate future course of prices seems, how
ever, mainly hinge upon the of the advces
ceived from America and Manchester. During the
past week two the advices from America in refer.
ence to the growing crop have been less favorable,
and from nearly all the cotton growing States well
from New York reduced estimates of the crop have
to hand. Some of these estimates are as low as
2400 900 to2 800 900 bales These unfayorable crop
reports were, suppose, the main of the spec
uatve demand for Surats during the first four DAYS of
the past week; Duu II snoud be borne in mind how
well founded these decreased crop estimates may
be, cannot expect them to have their due weight
permanent influence prices here so long as the
weekly receipts at the ports continue relatively
much larger than last year. This increase, from lst
September to 18th inst, amounts much 40 per
cent the figures for period last year, and
consumers of cotton to be proverbially sangune
of abundant supplies especially at this season of the
year, many of them regard the increase almost con-
elusive evidence of the correctness of the large crop
estimates viz: q to million baes such parties should
bear in mind that receipts at the ports from lst Sep
tember to 18th October last year were 80 per cent.
larger than during the corresponding period the year
before, and yet the crop of 1868 turned out 10000
bales less than that grown in 1867.
In our last report we pointed out that the margin
between the prices then for cotton and yarns
were full ID per ID. more favorable for spinners
than at date last year, and we at the same time
stocks of goods, etc. During the past week fair
amount of business to have been done at Man.
chester, and prices fully maintained From the best
information we obtain we suppose consumption is
at present some 1000 to 5000 bales per week larger
than it fortnight ago The trade during the past
week have taken from this port So 900 bales This
suppose 20 be 10 900 bales in of their
sumption, and they may be inclined to purchase
sparingly for the next week two, and await more
definite advces from America. Owing to the turn
which market has taken the demand for goods will
no doubt be somewhat checked, and the more espe-
ciay since the business done last week large, and
latest advces from India less favorable.