The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-02-23
Easton 4 Co.'s Cotton Report, for the
Week ending February 10, 1869.

n,
last report the market cl Jsed dull at soc for mid
ding uplanGs. SATURDAY. there was some pressure
to sell. and exporters came in ut the decline and
bought freely at the close after the report. there
was moro DOING. Sales 1889 at 295Sa292lc. Monuuy
the MARKET continued dull and several lots wera
sold to exporters at 2Ssc for low middlinl, quick
delivery. For delivery in ten days, 2S3ic was bid.
Sales 194S bales at 295Sc for mddling. Tuesday, in
the 1bs-nce Of cable advices aud with recep point
Ins to some increase over last week, buyers held
of and only took snch lots as were forced. Holders
generally did not press. Sales lr6I bales at 291sc
"Wednesday, with continued heavy receipts. prices
dropped, and several lots of low mddlinS were
bought at 9Sc, prompt delivery. Spinuers bought
more freely than for some time past Sales 22l0
bales at 291lc. Thursday, the low pilces at which
holders offered tn ir stocks brought in more buyers;
4l73 bales We're sold at 29c Midd ing, aud 28c and
less ior low middling. Yesterday trere was less
pressing bu. exporters would only take off such lots
as would show margin for profit Compared With
Liverpool spnners bought more freely. sales 34lS
bal Middllns quoted at 2S7c, but very little OIL
fered below 29c.
During tho week VIC have had dull and declining
market here aud abroad; prices are Ia 'ic low
er. aud Liverpool has deciue1 fully I'd various
causes have cont bued to this result somc OF which
follows: Prospect Of larger receps-the esti-
mates ranging from g.. 600 to $4,000 baioS Telegram
reporting The exports from Bombay, for week end.
ing 14th inst. 5l 000 bales-lage exports. spnners
here and in Manchester are buying less than their
consumption. Tight money market forcing some
holders 10 realize at best price. Difficulty OF negot-
atng exchange and decline gold. Rumors OF faIl-
ures In Manchester tending to increase the depres
sion. Under thes- circumstances it is not surpris-
ing that prices gave way. There have been received
at the ports since lst September 1555.9l5 bales. OF
which exporters have taken so7 i3 bales; spnners,
392 1885, and the stocks have increased 3566O9 baes
Excess over last year in receipts. now "a, S92 bales.
Deficit in shlI mepts TO Liverpool now 134,360 bales.
The sales for future delivery have been small; 200
at 2S35c: 500 at 23c 800 at 272c 200 April at 28ac,
all low m;ddiing. We cabled to W. G. Watts & Co.,
Liverpool asking them to send US the exports from
Bombay for Great Britain for the first fortnight in
February. They say-"Bombay sailiEgs first fort
night 81 600 bales" In regard to the supply Of
American cotton Tor the balance Of the season, We
would remarS that no more can be expected ut the
ports this Year than last, considering the overland
Shipments 4 his would give US about 65UOO1 bales
aI The ports. to which must be added the stock, how
in ports, 400 0G0 bales. his gives supply OF 05O-
600 bales for the mills until tue inr om,ng OF the new
CROP It is apparent that either Great Britain. The
Continent, or our spinners will receive less than
thar peed from fIis