The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-07-20
COTTON.
The Trade IN England and America
Wm Prices Advance:


of The 10Th instant, discusses the cotton ques-
tioh as follow: ~, -
Advices from England show that there is no
abatement IN the extreme depression that has
characterized the cotton trade for some time
past. From the commencement OF the present
year the rade has been dnller than has been
known at any period since the gloomy days OF
short supplies during our civil wal. The pros-
pect, amounting Almost to certainty, that the
supply OF { Otton from oil sources for the cur
rent year would fall below the average de-
nnsDd for copsumption. maintained prices OF
the raw material. md even advanced them to
TsteD that absorbed the profits OF manufac-
tn1ers. The latter found 1t impossible 10 effect
PEELED to, make q reduction of wages, to the
Rnpunt OF from i've to ten per cent. which
was finally garfield after o s.strike', OF &C me
weeks duration. But the reduction efwages
was not equivalent to the advance in the etaple,
,knd the result is that manufacturers were
freed TO continue operations in many cases at
9 positive loss, with the worse alternative OF a
suspension of work-cotton machinery being
so fine and del cate, that itlapidly detefiorates
when it ia disused. ty..rrr
so cours. sh,s condition OF afairs could not
last forever, and the news by mail aud cable OF
cotton trade generally, creates,very little sur
Prise. he fact ls. the supply Of cotton at the
present time is; inadequate, and the usual re-
syn q limited @ supplies is seen i4 the advance
:taHue until consumers Of cotton are compelled
ft0 yield to the necessities OF manufacturers.
In8 iM0caftohs now are that the latter CON-
hngency ~ the more probable. The supply of
cotton this year is not likely to exceed last
yeXrH average. while it may fall below it, It
1S1 aHcyet f0u Rood to predicate any thing Of the
American crops; t:uplees disasters occur,
" may pe expected to be fully up to last years
supply. But the excess can; hardly be expected
10 reach one hundred thousand bales. At
present the crop looks WE'LL with not more
snnh the usual reports Of disasters at this pc
ROD OF the Year. July is the critical month
and few weeks more will place us il q position
70 make more reliable estimates. .r, re-.
The groqildsl Tor anxiety in the English cot
Sp@ s. naas M CONSIST in the probability Of only
cotton,o and the certainty Of diinlnishedl sup
pies from ~ her sources. Notwith standing AL
the efforts OF English capitalists, for the last
sasfght year, Backed BY the powerful aid Of the,
st6sE S5Ssth hs q sls s
This result ;paIsiyzes tHe trade ana acc aceoSnts S
tosltts derressio... On the 25th Of June, the
,390o m the corresponding period last ysar.
sTe ~ tss nave .es fsSfsi8n Of leg than
skS, Gteas Britain, Jnne a. was American Ii an
POO bales; East India, SO 600; total. 699. (1O)
bales. AZ the same period in 1868, the total
sMocnfnf. cotton at sea was 587, 600 hales. The
keey Time "a, as compared with the same date
Sssssss E, sspSsss ~. bales
pessse Il .oiss ssss7 ssa s7c
SseEss;s Sf ssssa 21ssso
. Tie amount 81 cotton on hand in Liverpool
endat sea. June a. 1868, exhibits "A grand to-
tai OF Q87 40 halas, which, he~aHaxages
weekly consumption, N 1868. OF IS $50 balea,
leaves only an e,ghteenlNeeks' available supply
IN Rxfta no q.
mental shipments would reduce this estimate
eomewhat. The balance Of cotton to .come
forward from East India viii NOT make more.
The present condition of the American mar.
On the week ending July s, the total stock ID
sl American ports amounted to only 81 9S8
Oalaa, h0ainAt - supply a5;081 at the came
period in 1858. Take it altogether, according
TO the average yof last years consumption,
England has not much more than twenty weeks
supply Of cotton on hand and at sea. The
consumption THE year is, Of course, below
the average Of last year. Otherwise, by the
time our new cotton crop begins to come for
1aEd Manopester would be very nearly reduced
The American market corresponds in many
respects to. the English. Tempted by high
prices. we have sold 100 much cotton. and
4ayss scarcely enough for home ,onsumptlop.
during the next few months, the prlce Of the
t1Aw. material must advance considerably above
present rates. We notice that the National
Assocstion OF Cotton Manufacturers and Plant
ets, at their meeting In this city last week, re-
commended manufacturers to curtail opera
ttons. on the ground that the max mum Or
supply during the interval before the new crop
comes forward Will barely cover the mlnlmum
Gt coneumption. sLorpage of machinery is
therefore rged % essential.
Il, revtewof he cotton trade, on both sides Or
sne Atlantic indicates an upward tendeicy Of
prices. Houthern planters will have the al.
"a. SSanttage OF throwing their new crop upon|a
n,gh market. Whether prices can be msih-
teined depends OF COURSE upon the actual sup-
ply; But juiging from the most proban4e
'sstamate. nf productIon IN the South and In
sEas' andis.th yield IL lot likely TO be- suffi
cientiyin excess Of last year to- warrant anti.
S,PAtlesA OF any considerable reductienlr at
1.idI 9iI- In present quotations OF the staple. G
y. I. ...a 4.a .'a GGmmerfial. ,.
ExpCrts. ~, .a3
PHrG%Dt1PHIA-Per srhr Grace Clifton-lGO 0GO
feet Yellow Pine unDer, 70 GOO feet yellow Pine
si00 "uy w @s ''s Fl. ts.s - .e,'
Sko&o