The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-03-02
Easton Il Co.'s cotton Report.

t-!h IG2 !P.sEh ENDING FEBRUARY IO lSO9.
NEW YORK, February 81 THE MARKET-In our
last report the market closed heavy at 28 29c tor
middling upands saturday there feeling
bu> ers came in. There was but little cffered and
the market hardened and closed very g. rong ut 29c
for m'ddiipg Sales 3l31 bales. Monday was close
holiday here Tuesday the receipts pointed to con.
side rable falling off from last week and the Liver
pool advices showed I'd advance he demand here
3987 bales, middling 20Ac. "Wednesday the receipts
continued light, and the Liverpool news was dlsap-
pointing. 1he market closed dull ard lower. sales
l617 bales at 2S3ac Thursday the m lrke was quiet
but there was no pressure to SELL of the specu
st iatlve holders having sold out last week. In the
to cover contracts and 1890 was paid quick deliv-
cry. Sales $40 bales at 29Tc.
Manchester spinuers still pursue the policy of
buying less tbeu the consumption, and the reserve
at he mills Is now reduced to $4,000 bales. They
have been encouraged to do this bv large crop est
were holdi back their lotion. TWAS thought that
by resisting the advance the planters and other
owners OF cotton on this side would be freed to
succun and sell at ices to be dictated by the Eng
lish spinner. Whether they will continue their
present course or not it is impossible to say but we
should think that the facts now beio them would
convince them that they had been mlsled in rega
to the situation on this side. For the trst two
months ,f lses hey bought freely and they held
1st March about l87 900 bales ut the mills The con-
sumption on lst February, 1869, estimated at
56. QUO weekly for Great Britain. We are informed
are inclined to believe, from the fact that goods con.
ttnue dull. In December last, when there was some
Cak OF reduction buyers OF goods Immediately enter
ed ne market and prices advanced 80 mu h that
''short time" was abandoned. II there hud been
any movement In that direci goods would have
improved besides should have heard of it by ca
ble We therefore, feel justified in placing the con.
sumption and the reserve in the mills as above
stated.
On the 18th December the receipts showed an ex-
cess as compared with the previous year, 132, PSI
bales We then said ,hat.we should net be supiis ed
to sec continued falling of and that thought
the totals on LIST March would show very little II
any, excess over last year-tla time has arrV.
ed-anh the result has proved that Inf rmntion
on the subject correct The excess has disap
peared and there is defcit of O,947 bales as com
pared with ses The recei. is in March. last year,
were as lows: 9Th n, ,45l 18th, 65 O3a Goth 49,
21o; eth. 1862; total, 245 375 b les. We expect
that the receipts this March will be at least 40 COO
bales less, not because planters viii hold back but
there Is certainly less cotton in the country
to come in.
In the early part of this season the continental
spinner bought freely here and IN the South at m d.
crate prices They also availed themsel<e es of the
opportunity Offer ed by the clears" took largely
OF short contracts at low prices Since Ist j nuary
they have bought but little and their stocks
ming down, both a. the ports and the mi ls On lst
February the stocks reported to be 81 60 bales
against l02 555 bales. They have taken ON Eng
land since 1st January only "a O65 kaes anst 12O
581 bales last year. and the shipments from this
country for the past two months O965 agalr st
116 566 bales. As there has been ducton in the
consumption we expect much larger continental
demand soon,
here has been but little variation in the markets
during the week. Our prices, Notwithstanding full
OF two points in gold. close 30 ABOVE those Of last
Friday. Liverpool is IA higher. The strugg Q be-
tween the American holders mud the Manchester
spinners si'l continues: he former arc confident
or later; and Manchester, never having been beaten
before, is 10th to give in There been received
at the ports nee lst September 1910 024 bales Of
which exporters have taken 1856 1866 splnne rs, zO4
76S; and the stocks have increased $40 965 ba es
fcit in receipts, compared with last veal 10 947
bales. Deficit in shipments to Liverpool now 100.