The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-02-23

SalcS OF tue w0eE i6 OlicS, lncluuluB uOOf 10
spinncrs, 334 to SPECTATORS, and 6lSO to export
ers.
Gross receipts at this port for the week, o.: 81
bales. Since September |, AT. S22 bales.
For the information of our southern friends We
extract the following from Smith, Edwards & co. s
Circular of 1st February
Sin Manchester, during tho past month, more
strength has been eviuccI than for long time be-
fore and yarns generally have advanced decidedly
more than the raw material thus putting the spin
ner in better position than he was in during De-.
cent er; indeed, We are inclined to beev" that
thre has. for some time, been no loss Oh spinni -
III the m jority OF cases, and the natural consr-
uuence is that the short time movement has quite
broken down, and the consumption has decidedly
inc easel sii ce the close Of last yea o. is now We
believe. $1,000 bales per week Tor the hinsdol;
"Ihis improvement in Manchester Is very sur
prls sing when taken into connection with the state
of trade pr vously. for there bas been change Of
importance in our leading foreign markets. Goods
in Iniia have advanced but slightly, and are still! ht
price only equivalent to the lowest point Of Man.
chester during December
1--WE think the explanat on is chiefly to be found
in the fact that buyers OF Manchester products W. re
laboring under erroneous notions OF the probable
supply of cotton durirg tho current year, anu held
off from buying i'll the expectation that cotton would
be cheaper ard that itSproduct would fall likewise
This opinion is now dispelled, and the alarming
scarcity of supply is recognized in Manchester as
fully as here
From Igypt the accounts Of the crop are most
Disappointing and tue yield is now thought TO be
no larger than the LAST and from B azilwc are re-
ceiyng smaller supplies than last year. instead OF
much greater. as was generally expected 1t is al-
legged, however, that this is only elnporars, that the
crop is late, and will be slipped more large'y ere
long.
"Ihc most Disappointing news is from India.
The cl-arances from Bombay in Jaiu ry are u,iac-
countably small. The exact figures for The month
have not reached U.s. but are believed to e about
40 600 bales less than lus been known for several
Years, while at the Other Iudan ports scarcely any
Z
nearly all the cotton is going to Cilna. These facts
imply alarming deficiency OF Iu'iian cotton our
ing the first half OF This year. There can be NO re-
penishnent OF stoca till June, and, Tor two or
three mont PRO 10 that the consumption must
b starved down 10 haf its present rate; the trade
will be MOI p rchcd for Indian cotton than ct any
time since the close Of the Alue lean war.
"We understand that now cotton is now reaching
mcnts during Febr ary, and alter that very liberal
ons but We see 10 grounds ey Get that they WILL
average above those of last year. The crops .encr-
ally on the western side of India are believed to Ge
about The same size as last year, but the eunliiy is
expected to be better In comparing our supply OF
East Indian cotton for the next few months with last
year, 1t must be remembered that added to stock
$1,000 bales during March, 1865, from corrections
whereas there is probability OF such large addi-
lion this year, and this goes far to cQunerbalsLce
the small excess on the water.
"Talng general survey OF tue entire position it
must be allowed that the present prices for cotton are
unavoidable, and that they cannot be materially re-
duced while consumption goes on aud the prospects
of supply poor-indeed The po,iliOn is crit
ica that further serious rise is far from impossible
Should the American ce ts consider bly, under
last year for tue next few weeks there would DC
tinued excitement in this market. and the advance
would go on till short time was forced uuon spin
pers but if the receipts keep on the same scale as
last year. this further advance will Likely be avoided
and perhaps some slight reaction occur. III no case
docs it 8, en- likely that our STOCK can be much in-
creased for some time; but. were the trade to buy