The south-western. [volume] (Shreveport, La.) 1852-1870, 1870-04-13
Commercial Intelligence,
SOUTH w EsrERN OFFICE


Shreveport, April I3 1870
Inc business OF the past week has been marked b
no peculiar features Taking into account the season
year. when most Of the cotton has been
and when the planters busy pitching their new
crops business has not been duer than might reason
ably be expected In fact, as we have before said
there IS greater activity in trade much greater than
there was at this time last year. The amount of cot
ton yet to come from the interiors; variousy estimated
at from ten to twenty thousand bales. Without hav
ing any means of Information disposed
to think that fifteen thousand bales would cover it, de-
pendent greatly upon the condition of the small streams
in Eastern Texas There is said to be large quantity
of cotton on the Trinity, Neches and Sabine awaiting
shipment by way of those preearous streams most of
which will likely find its way to Shreveport.
During the week cotton has not fuctuated more than
if as much as, usual while, by reference 10 files
we find that there no change in our bank quota
tons OF god-ll0 buying and 1l2 selling price-from
the 18th of March to the 10th April when it went up
to lll@ll3. On the 18th it was 1l2@l14.
On Wednesday Thursday, Friday, Saturday and
Monday low middling cotton was quoted at l916020c.
in currency-the sales Of Wednesday footing up 6lo
bales, the heaviest for some weeks.
Although representations to the price of cotton
gold are, as we have often said before almost idle
for the qualification Of our readers we give the follow
ing tSm OF the Dth, tor what
it is worth:
The advance in the Liverpool cotton market is not
surprising. Mill-oWners and spectators are forced
suddenly realize that the bulk of the supply for the
current cotton year wall be in sight and market
much earlier than that for the preceding year This
partly owing to increased railway facilities for
veying cotton to the seaboard from interior points in
the South But it is due in still larger part the
more rapid forwarding of India cotton by steamship
through the Suez Canal, 1t seems to be law of the
cotton market that, as long demand exists at all
operations will cover nearly the whole Of the visible
supply. If larger proportion of tue produc-
ton OF l869has come into view up to this date
there be of the cotton production of 1868
this time year ago, 1t follows that proportion
atey less margin OF forthcoming left for future
transactions the current cotton year. When specu-
lation and consumption have taken up OF the
total supply and the further demand startled by
signs of preeiptous falling off receipts the small
which is lett tor the opton OF botn spectators
and consumers to either ume price will naturally
favor II not OF steadily advancing market
least of advance and subsequently stiff sus-
tanned market the end Hence take 1t that little
will be hazarded in assuming that the gold price the
Southern cotton supply Tor lo6s-7V has heretofore
touched the Minimum and the average price OF the
marketed remainder of the crop Will be materially
above that minimum.
The cotton market opened active yesterday morning
at previous quotations. but under unfavorable ad
vices from New Orleans became dull and heavy at in
side figures: In currency, ordinary 1715@l8 good
binary l8l@l9 and low middling 1876 20c. In gold
ordinary 1S7a eS4o24
Good Ordinary zee. 1872 g l6&
Low Middhng Observation-Disclosures. A9l7%
In addition to usual quotations of our factors
has furnished us with the following, which he wishes
published for the benefit of whom it may concern In
currency low dog-tail l2]1@l8; shy ditto 14@1414;
dogtail dry so 151f@l6; strict ditto 1910.
COTTON STATEMENT.
Stock hand Sept l, 1869 ............. bales Sc
Received yesterday. ................... 279
Received previously. SO, $685. 874
1880 |
shipped yesterday .....................
Shipped previously .88, 6l4-866l4
Stock on hand Observation-Disclosures. 58l6 |
Shreveport Money Market.
mexican DolIaTS ...--..... A4%0Al+
Bank Checks New Y ork .............M ID prem.