The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-10-18

lon entertained In America aboutth b. extent of
the crop is the price paid tor future delivery
IN New York, and We find that for March and
April next gear The quotations is two cents or
spot. We believe that the policy plsntsfssa are
pursuing is t0eell freely Of the early receipts
to meet their s%pecuniary wants and replace.
with contracts for distant delivery; and they
nope to repeat the game oil. last season., when
they prodted largely by the rise In the sprsnQ,
as tney held heavy contracts IN New York,
oougnt 81 low prices For this reason 1t ap:i
point Of the American markets will be early,
In the season. and that when half the crop Is
sold there VIII bea strong attempt to eytoft a
higher price for the remainder. 1.
We're We to- LOOK to-America alone, we
should incline to take father4 sapguine view
Of our market, but when we tasn-tO Manches-
ter We must qualify 1t considerably. The. de-
preston thersls TOO deep:rooted:to be- essly
removed and we fearRShave to face along
period Of Improbable trade. The excessive
price Of coal, and indeed. of everything thst
enters Into the business 07-a cotton 1apinEer.
hangs like an incubus On the trade. Foreign
markets are al depressed, merchants are dis
business, and It Is difficult to see where any
substantial improvement can come foHsax-
cept cheaper raw material, We fear that can
not be counted on, owing TO the 'u1fav6rable
crop accounts from America, but we niustSak-
Pect hanenester. 70. raaist stubhornly every adj
vance 10 our market, q render no ald, asst
did last season, to the speculative movement.
The immediate future Of our market has this
In 1ts: Efav0r, that the stock must run down
"a fidly for the next two months. THERE'S
very little cotton due this month-indeed, our
list OF cotton iadoat' hardly ever looked 10
small; the Ishitmenta , from Ameficax-are
trlflng, and; Will not be large till there r more
confidence felt on this side, and It Is evident
that we shall Der run as bare as possible before
the new crop arrives freely. fnathesfs ne OF
this 1t will be difficult to prevent the prtee tqG
American cotton hardening on the spot t,.,,
East India cotton, We think. has been fort.
ed entirely too low from financial pressure;
we never remember 1t relatively go cheaQ
compared with American. The lower grades
are scarcely any dearer than they we're ih'ths
spring otls7l, when mlddling uplaIfds totiched
I'd; Indeed, We have sales made as low sas al
any time since 1880. We believe this cotton
will pay to hold till the spring of ne4t Year,
and give q handsome profit. Il American rel
mains where 1t Is. Though our. own spinners
are very slow to increase the consumption iof
1t, It Ia being LARGELY used on the continent,
and the export demand ID! decidedly improT-
,ingAso,t nat our present Neutrality-suspicious. must
steadily decrease. From Bombay scarcely any
cotton will be :shipped. till next year. for the
country Is almost Bwept, or the old crop; and
from Calcutta and the other ports very 1stIv
will come forward, while Bengal end. Madras
cotton keep 30 low. We. do not expect, that
the Import Of East India cotton Into Liverpool
will exceed 10000 bales per week TIL next
March, aud should the American crop HUM
out small. we may, expect an important. ad-
vance later on; whereas, X IL turns opt larger
than we expect, Surats will probably at teaaf
hold their ground e12r sfa stu-7eaio 49,
We are happy to. report that the.fall Of rain,
this year 10 Western India has been. very fcqpl-:.
very favorable. From Egypt and Bsazl1ahb'
crop accounts are also good, andffRe aselD mp,
reason toexpect adlmlnpuon, Q trath9r Anins
crease from our various 'snbsidlaty sodtct4 tI
supply, .Hzt!Gnh iiGvt .TH q Shisf'o'H'D