The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1871-03-10
THE COTTON TRADE.
INTERFERING eLEANLNGs Err M
THE MAILS.
The Next Cotton Crop.

agree ii, stating that the acreage under cot.
ton win be largely reduced this spring. IN some
districts, IL Is said, not nall as nucG cosaon VII VII
may safely estimate from 'twepty.fV TO forty per
cent reduction In the acreage. Planters now fully
tireiY negiectlng food crops. They have paid
nretty dearly for their experience, and the cotton
croo Of tine South win isneeforth, no doubt, be
kept within the proper limit OF 5000, 400 bales.
Prospects OF the Cotton Trade.
From s1,itn, Edwards C Co.'s Circular, Liver
pool, ,-February.l
We take itior granted that the war is oveEbe.
tween france and Germany, and It IS matter OF
sincere congraIulation. No doubt1t win Hhpart
increased coi,fdense In sommercMa M circes gene me-
manufacturing interest, but we doubt whether 1ts
effect on the pTice-of raw material Will Deso nd
portant as was once thought probable. Had IT
happened simultane usly with laiilng on IN sae
|. the crop estimates, 1t would most likely nave
cauaeTa sharp advance in prices, Tor our SPIN.
pers are 80 full OF contracts, and tlare SO goou'a
have covered themselves by heavy purcha-
ses.- but the development promises to be
quite. different from this; the receipts or
cotton in America have been astonisa.
ingly large during January, averaging u, ooe
bales per week, against sS. 600 last year. with e1-
ports to England Of 81 600. bales against q 900
bales last year, and thereis general dispeslt@!0n @
to raise crop estimates, and 10 accept those htgn
figures which were considered excessive at tine
end OF last year. 1t was then thought on. this
side the Atlantic that threa and half millions
was fair estimate, and but little attention vas
paid to sipuess6s" OF three and three-quarters end
Iour millions which came from America. Is-was
thought absolutely impossible that 80 much cot
ton could be gathered. 1t was also believed tnat
receipts would show marked falling or alter the
new year, when planters wonld nave soiu enough
to meet thelr pressing lah1lhlss.
These Views appear to be falsihed By the course
of events. THERE'S no sign OF receipts falling on
and as the price Is not so high as,to stimulate
planters to rapid delivery we can only A accoGre
by the sipposition that the crop S'epo{mousY
large ana We incline now to the opinion that
three and threequarter millions IS pronaee. "
this we may feel sure-that unless marked iali
ing or occurs this month wewill have 70 handle q
quantity Of cotton beyond what any one though1
possible a short time ago. We have on tne water
fully 400 900 bales OF American cotton LOT hlser.
pool, aud shere-is no sign uf dimlnutlon In the
shipmpntsAthe amount on shipooard at'New 0y-
leans for Llverpoel being -sblL 400 BOO bales. 1t
appears likely that for mary Weexs we shall re-.
ceive an average import Of 10000 bales q
10000 to 10000 bales OF ali hin fs. suppoS.
/ ing our Imports TO average 100000 bales
during February and March, WITH lavor-
and and EXPORT 70 be 1900 baies. weekly, our stock
would reach So0,UDo bales BY the BEGINNING Of
April, against 100000 bales lRstyear. We DO not
give this az liked ejaculation, for OF course the
accident Of easlery winds laay upset It any given
MON ent; butthe broad actis apparent tha unless
the deliveries increase at an uuexamPled rate, we
must prepare TO carry STOCK 800, 600 or 4G0, 900
b Ties above the Level OF last year anu II seems VI
mo means Improbable that at some period tmay
reach one million Of bales. II will be contrary t9
all experience Il our marset shows, much elasticl:
" under such weight, especially when the nnan:
cial weakness. OF Liverpool Is borne IN mlnd and
there Is reason to fear thas peroa o. aenlession
mulating rapidly. We fear tts me more una.
splnHers are-euoh heavy importers this year. and
| are taking SO MUCK irom=slitp's side. mat tley
will no. need to buy largely III our market, and lt
s by no means unlikely tia.2 spell OF dnls drag,
The most favorable feature on the other Side Of
the cassls The prospect o. bflSk export aemana
dowiin astate Of qhas, we may espec! q c'p.
sidereel increase on .he exports Of last year. put
It does not seem as II there would be an Inn.
mediate resumption ot activity. The Baltic por.s
are closed wfth'ic the railways are blocked with
government traffic. and transport Is almost I'm
possible 1t will evidently take tlmes
before trade resumes its wonted channeis. ang
then it re1,ains 10 be seen %heaaer france ,Wni
settle down under stable government "oc pass
through the ordeal OF revolution IS o. present
Impossible 70 say what government VIII cplne TO
the surface In France. but We fear the END Ol-tne
war win not be the end Of her troube3j society IS
terribly disoreanized In that unfortunate eUla:
tY, and we fear commercial confidence Will pc
slow OF reyt.ing. In Germany the case Will ne
and we. have no douot that rade III
thai country Will be telerabiy active bsfore very
long. But stnl the scars maIe by thewar viii! he
felt for years to come.
We have not alluded to India, for its iaduenoe
on our market s tfwarfed by the immensely Of lhe-
american supply. Wehave little 70 add 20 what
wu wrote in our annnal circular; The exports
from Bombay are gaining considerably on last
year. forthe nrst three weeks III January ptln9
6S OO1 bales to Europe, against ss.uoo bales IAN
foor trah hay oil
Show q considerable excess. from MaidAS anu
Calcutta there wil also he steady increase SgH
we do not snlic pate excessive shipments WINE
prices remain SO moderate. .los tile natives are
reryreluctant se erS ct current prices, and MAN.
tain values quite above III, parity oil Liverpool
We thIhk. however, That more cottYn WlR come
by canal ,nan last year, anu this VIII add 10 tle
weight of our spring arrivals Sprat cotton has
been steadisr tnan American OF late, and rs our
stock must rapidly decline for The next monta or
two, we expect 4 TO hold It's own even against
some decline 70 ApeIlcaaSoon1 On
last year but'the better grades arc getung scarce
In Alexandria, add some ADVANCE may Dc !ooAea
forhere ia g0Ud cot; on later n the season.
+ The nccolints fton the 1udia msarEe!Aare py no
means encouraging for gao Is, ann it is surpr slug
10 see the eagerneSs 10 lny for That quarter; DIT
it is believed that soule improvement VII! iake
place In Calcutta be:ofe long. Tor the supplies tu
they bt,rc been, owing TO Tho heeXtraordna guam;
tlty now going forward ~ China. For the lal tet
market the demand has been excellent, anu .its
power Of absorption appears to be- 'inereaslng-
very fast The present siren 9Th Of Manchester Is
uwing In DO small degree TO thIs grea: develop
msns OF trade With ehina. Judging from tne
ppesent appearances. Manches ersseens to 6e
quite ind pendent Of Liverpool, aud even II our
market ShOws1ncreased weakness we q :ubt II II
Will have any effect On .tEe. price o! cotton pEo-
ducts. 49,
New Orleans Cotton Exchange.
FROM the Times, February aS.l
We learn that The comuittee on classihcs ion
win be ready to exhibit To. the members Of the
Cottgn. Exchange, ap II NJ, Tomorrow, TUESDAY,
the types which they have adopsed for our Ne"
Orleafis-s tandaEl. We also understand that tne
standard they havedetermiued- on wM be higher
shau the Liverpool but lower thai the New YORK
or continental, and also lover than tllat wnieh
has hereto!. re been termed Orleans. We in1er
thatii will approximate closely TO the Ideal stand.
ard generally recognized by the trades Our strict
low IDddng, for example, WHEN shipped 10 itV-
erpooi has generally bzen classel there as mid
ding, and even our low mdding has been