The Sumter watchman. [volume] (Sumterville, S.C.) 1855-1881, 1870-10-12

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90, LlvEaPooL, Sept. 80, 1870, -
during rho past. d mainly attribu.
table to large import from Havre, .
heavy deellpe 10 che American markets,
| sales Of future shipments from Ameri-
eaE ports at prices relatively lower than
We're current for parcels on. the spot,
Eapds lessoued trade demand consequent
on the liberal purchases for the. Week
| ending tho 18th instant. Added to
these causes, there seemed to have been
. geaers, pause 10 nearly every depart. !.
mant Of business axaitipg-the result Of
the conference between M, jules Fasre.
and Count Bismarok, upon the solution
Of which, it is felt, depends the ques.
tion Of an early peace or an indefinite
prolongatiou Of the war hetwoep Fraace
and Germany.
From Havre We have during the past
week received about 1900 bales, the
larger proportion oil. which is American.
The recent active demand for. shipment
here seems to have checked the deoline
in that market, and prices having in tho
meanwhile declined here about Z i per lb,
there is no longer any margin to induce
shipments from that market to this
However, it is not perhaps so much a
question Of margin as political consider
tions that will Induce OF. check further
shipments. At present lailroad com
muDication between Hayrs and tho
cotton consuming districts Of France,
Switzerland and Northern Ituly is entire
ly cut of, and thero appears to be some
apprehension lest tho wave of war may
roll even against the very gates Of that
city ; it is, therefore, not improbable that
large proportion of tho stock yet re.
naming in Havre may bo transferred to
this market, aud should this be the case
whilst it would not increase the supply
available for the wants of Europe, It
would keep up the stock, and tho pres
sure to effect sales in this market, and
exert thereby more directly depress-
ing influence upon prices than it other
wise would, We may, ofcourse, expcot,
as pointed out in our circular of 9th
instant, thatsour receipts from Havre
will, in the long run, be nearly Offset by
increased exports from this to other
Continental ports, but q gradual i'm
provemont in our export demand will
not, in its influence upon prices, offset
large import and pressure to effect
sales.
In our last report we referred to the
probability ofan carly breakdown Of
prices in tho American morkets, it has,
however, come sooner, and tho decline
has been heavier than We anticipated.
Then middling Uplands were quoted in
New York at 1886, and now at 1870.
This decline has brought prices there
even below the parity of those current
here. Tie immediate effect Of this has
been to makc nearly every holder Of
American Cotton. however confident of
highorpriccs later on, free seller. Tn to
this limo, SO far as VIC can learn, but few
orders have gone out from this county
to America for purchases, but ordinarily
at this season Of tho year these orders
increase, and the lower scale of prices
now current there will no doubt tend to
stimulate this increase. The question
is, will any ordors, that are likely to 90
out from hero in these war times, whom
moro or less distrust prevails in every
department Of business, be sufficient to
sustain prices there in the absence of a
continental demand. Without attempts
ing to answer this question, We may
state that -os general rule, wo may
expect prices here to favor buyers 80
long rs values in tho American mark cts
are relatively lower than horc.
Tho receipts at tho American ports
for the four days ending 30th ult., arc
reported at 10000 bales, against 10000
bales for the week ending the 9th Sep.
tember last year. This falling OF,
however, seems to excite no surprise,
being generally attributed to the late
ness ofthe crop, and to The low prices
now current in the American markets,
as compared with last year. At present,
so far as VIC can loarn, tho prevailing
impression on this SIZE seems to be that
| with moderately late and favorable
picking season, the crop Of this year is
likely to be fully as largo, and perhaps
one or two hundred thousand bales
larger than last year.
Tho visible supply we now estimate
as per our tablo aDove, at 7G,S34 bales
in excess Of last year, and 140 ,015 bales
less than tho year before Mt same da'o,
whereas The price of middling Orleans
is now 0!d against 123d last year and
lO}d the year before at same date.
Our homo trade arc believed to hold
at present a very small stock, and iu
evidence Of this, for several weeks past
spinners have required tho delivery of
parcels on tho same day that purchases
wore mado. We have no means of ar.
irving ut tho exact stock of cotton held
by them, but from tho most reliable in.
formation at our command we would
estimate it ct 10000 bales, against 81,
600 at this tino Inst year.
At Manchester, during the past weok,