The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1870-02-22
s-ait., Edwards & Co.'s Monthly cotto"
CircuI.r.

CircuIsf.
LIVERPOOL, February 1.-The past month mas
,been one of active business but closes duii Win
ou, change In the price OF american c0''ou' 'u'
Hd to kd per 10 advance In Surats
Avery sangulne tone prevailed at tue CLOSE VI
last year; strong speculative movement existed,
based upon the expectation tina the receipts o.
cotton at the American ports Wouhl rapluly Iaii
or and prove that the crop had been over eSti-
mated. The closing prices VI the year were 1lAd
for middling uplands and 9Ed Tor 1air Dhollerah:
With animation, but it did not last long; the rlrst
weeks receipts in January were fully leo,0 goo
bales and tls disappointed SPECTATORS; dnli
spell ensued here. and American cotton gave Way
Xd per n; nlidng uplands on the spot
touchlng 1l%d, and few sales were made,
landing and to arrive, Gt ll1d. Surats
being scarce, were nrinly held, aud no ma
tera decline took place h9I ia ,ae ZONE 1 Of 'Ie , Ia
lowing weeks receipts ut lhc American ports.
These were tecgraphed on Saturday varlousiy Us
S3OUO TO 90, 600 bales, and, as thSt sharp decane
had not been expected II started strong sPceu'
lat,ye feeling; many people jumped To the concll-
sion that this was the signal OF rapid and cOl.
tinuous decline. Very large transactions TOOK
place both in American and Surat co'ton 10 2f-
Rive, oven as late "a April-May shipment from
Bombay, ami prices advanced sharply. The Aan.
chester market responded freely to the Improve
ment here. Yarns adranccd fully "a MUCH as
cotton, and extensive contracts were entered
into both fc- cloth aud yarh extending over long
narbods OF timc This kept up large demand III
ppnr ;,t,Sket. aud prices steadily hardened. The
American recelplS for the following week reach.
as was expected; bur IL failed 10 damp the mar
ket and q fresh gast Of speculation arose inc
week after Oh the ground that the receipts we're
sure aL last TO fall eI consideraeiy; Qsi.e an eA
here. and many people looked for large advance;
It should be added that the market WINS lar'Rer
stimulated by continued succession OF olt1ccsrainS
from Bombay rep0rS ra rana gre1 70 inc Inc
came general that the lndsan sdpply would be no
larger than lat OF last yeGf. Ths caused specu-
-MHQ0 y. run more reher' emily upon inture enip
nenta Il Surat cotton, und extremely hiGn.pliccs
Heye reached, say loa for January OF fSDtuIy S ~,
shipment OF Oomrawuttee, via the Cape, eNa @ ior
Harch-ADril do, and 9xu9 ll-l6d Tor April-aaJ
shiument Of DhOlerah. January OF feolualy
shiDlnent or Oomrawuttee, VIA ouch rug ooau L.. ~
l0d rather higher than the psice gu .as
,Tbe highest punt paid freely for American coton
was liKd for mlddny uplanus anu ie] ,o otanS. rr
actions occurred OF llId for Mobile anu lZu ior
Orleans. We may add that another cause VI
strength to the market was Tue snia'
from America to this couutry-lhcse averaged
only 2SUuO bales weekly for three weeks, anu
thus the expectation Of any important Increase
=, Of our stock al an early date WAS taken away.
= 'Ouite change or tone has come over the mar
tef The last few days. a. the American receipts
keen up decidedly higher than public expectation
looked To; they are .elegraphod as se0o oales
the fourth week In January. giving an aSerage iol
tne month OF eS 900 blles, against 20 ,00u bales
RI saIne month last year. Tie eXourts 10 EnIlaiIH
nave also Increased to the large lsure OF gu, Oul
boles the last week. Prices have derlinea ~ u
"a from the highest point In America and mid
Car upl,l,tls are difficult TO sell at II M Oh th
spot; to arrive they are worth IL ha. ouiatS na. !.
held their ground on the spot. DuI arc 1sa U ~
lower to arrive; January February SnlpInent y
(lomr,wu;tce. via the Cape. worth 9Ad: April
Nay DholerGa, 9ssu Inc ieeiinS OF Inc ciose
dull.
month has heen uau>ul;y strong and bouyant
tone. feeling Of general confidence has prt
vailed 10 which 1t has long been stranger. an
IL has always been easy 10 sell Tor forward deli'
arv indeed, contracts have bGen offered cStcnt
in, far into the year, but producers have show
anIne reluctance 10 accept taem when uucovere
,vi,h cotton, One chief cause or the stren2th
: Msnchester is the encouraging accounts receive
r-"n Calcutta. Alarge business has bren doll
a. tr ,het marker at a sensible advance In price
Ia 90 the stock Of goods there ls small anu u
rnenacts of coueumuti0n good Tor tue coMll
paosrn merchants showed remarkable coahuen
tn nlaein0 orders In Manchester.
Fna laL. news from Calcutta Is oareIy ~ eoo
and fron Bomhay the quotations remain faI ' as
point considerably belo" the parry v. ai nau1. ~,
ar 40 that auleter tone may De expec,ent It. ~
aa India business is concerned. F!olp Sntha. M
counts have not been very favorable lae ~, ~
trade hns been doing = better BUSINESS ~ ny
Z Chester thouph from all we can learn there .
not been any striking development IA VIA. '. w. -
OF buAlness and we attribute the oaoy Snoy
Manchester more TO tho buying Ioc inolA "