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

spinners, sa4 to speculators and eIso 70 export
ers.
Gross receipts at this port for the week, s1,2s2
bales. Since September l, AT ,322 bales.
For the Information Of southern friends we
extract the following from Smith, Edwards g. Co
"In Manchester, during the past month, more
strength has been evnced than for long time be-
tore. and yarns generally have advanced decidedly
more than the raw material. thus putting the spin
ner in better position than he in during De-
eem,er; indeed we are inclined to believe that
thare has, for time, been no loss on spinnil lg
In the majority OF cases, and the natural conse
quence is that the short time movement has quite
broken down. and the consumption has decidedly
incr eased siI CO the close Of last yea is now we
believe. Is, 900 bales per week for the Kingdom
"1hfs improvement In Manchester Is very sur
prsing. when taken into connection with the state
OF trade previously. for there has been change Of
importance IN our leading foreign markets Goods
in India have advanced but slightly, and are still Ut
price only equivalent to the lowest point Of Man.
chester during December.
''We think the explanat on Is chiefly to be found
in the fact that buyers Of Manchester products W. re
1aboriDg under erroneous notions Of the probable
supply Of cotton during the current year, ana held
be cheaper and that its product would fall likewise
THIS opinion is now dispeled, and the alarming
scarcity Of supply is recognized in Manchester as
From Egypt the accounts Of tho crop are most
disappeinting and the yield ds now thought to be
no larger than the last and from b. azi we are re-
ceiving smaller supplies than last year. instead OF
much greater. as was generally expected. It is al
legged, however, that this Is only temporary that the
crop is late, and will be shipped more largely ere
long.
"Ihe most disappointing news is from India.
The clearances from bombay in Janu ry are unae-
countaby small. The exact figures for the month
have not reached u.s. but are believed to re about
40 GOO bales or less than has been known for several
years while at the other Indian ports scarcely any.
thing is sh PIPING to this country; from Calcutta
nearly all the cotton is going to OGlna These facts
imply alarming deficiency of Indian cotton our
ing the first half Of this year. There can be no re-
plenishment OF our stock till June, and, two or
three ,rontps prio' to that the consumption must
starved
will be ptnched for Indian cotton than at any
time since the close OF the Amer loan war.
I'VE understand that new cotton 10 now reaching
Bombay freely, and expect tOlerably liberal shtp-
nents during February, and after that very liberal
Du we see no grounds to expect that they will
avetago above those Of last year. The crops gener
ay on the western side OF India believed to be
n9 same size as last year. but the quality s
@ W 70 90 better In comparing supply OF
East Andan cotton for the next few months with last
year, sIsS Do remembered that we added To stock
900 bales during March, 1868, from correctione
whereas there 10 NO probability OF s,oh large addi-
non this year. and this goes far TO counterbalauce
tho small excess on the water. g.' - - -
'Taking general survey OF the entire roa,tinn a
must be allowed that the present prices for coto ara
unavoidable, ami that they cannot be materially re-
duced while consumption goes ON and Yhe proenecta
OF supply are p0or-tndeed the position Ia 40 crit
tcal that further serious rise In far from impossible
should the American rrcei to run considerably under
Last year fer the next few weeks there would DO con-
tinued excitement In this market. and the advance
would go on till short time was forced upon spin
ners, but II the receipts keep the came scale %
Last year, this further advance will key be avoided
and parhaps some slight reaction occur. In no case
does 10 likely that our STOCK can 1e much IN.
cTcaSed for some ttmo; but were Tho trade to buy