Richland beacon. [volume] (Rayville, La.) 1869-1890, 1873-10-11
Tho English Cotton Trade.

The English Cotton Trade.
from Smith, Edwards L Cos. Monthly Cotton Cir
cular, dated Liverpool, Sept 1881
In Manchester during the past month
the business has been less than an aver
age, and the tone of the market has been
somewhat dull. The accounts from Cal
cutta are very discouraging; merchants
are disheartened by the poor results OF
past shipments, and are reluctant to
give out further orders at present prices.
The recent activity in Liverpool has led,
however, to some increase OF miscelane-
GUS business, and producers, as . rule,
are still fairly in order. In some de
scriptions Of yarns, especially In num-
beers suitable for eastern shirtings, the
supply offerin g has been in excess of
the demand, and the margin of profit to
the spinner has been somewhat reduced.
The trade, however, as q whole, cOntin-
mes sound, and there is sufficient demand
to take off the production. Through
the prevalence of strikes and disputes
between the operatives and their employ
ers, the tendency towards increased con-
sumption has been arrested, but we do
not consider that any reduction, 80 far,
has taken place. As Brazil is now Civ
ing us q more liberal supply, the import
reaching 10000 per week during the
past two months, fully as much as last
year, we shall be able in some slight
degree to economist American, but the
trade seem very reluctant to increase
their takings of East India.
The export demand has been disap-
pointingly small during the past few
months, but as stocks on the continent
are not excessive, and in Havre 1000
less than last year, it is reasonable to
expect more liberal export this autumn.
Our stock will consist largely of the ex
port qualities of American and Surats,
and of the latter the continent has taken
direct from Bombay rather less than was
expected this season. Last year the ex-
port from Liverpool and outposts reach
ed IL, 900 bales per year; 80 far it has
only reached 1000 At the same time
it must be remembered that the fnan.
cial difficulties this summer have seri-
ously interfered with business in some
important districts, and the civil war in
Spain has had an injurious effect on the
trade of that country.
The prospects of our market have not
altered in any important degree since
our last issue. They are still viewed in
a great measure through the medium of
the American advices, and these, we re-
greet to state, are not quite satisfactory
as to the condition of the growing plant
The crop is generally admitted to be
two we ks later than last year, ana, in
consequence, is more liable to damage
in the autumn from storms or early
frost. The receipts in September are
likely to be considered less than last
year-when they reached 16O, 900 bales
even though we shall receive this
season a considerable quantity of old
cotton, and it is highly probable that
the present excess of GO, 200 in the stock
in America over last year will be counter
balanced by like deficiency in receipts
during the first two months Of the season.
Our import would thus during the next
three months very slightly exceed that
of last year, and with outgoings of IS,
900 bales per week of American for trade
and export, our stock in November
would be run down to only two weeks
supply. The position of American cot
ton, therefore appears to be sound, and
even with good crop accounts during
the autumn, il will be difficult to force
prices much under their present level,
whilst, with unfavorable crop advices |
and reduction of estimates, we might |
have some advance, ct least in the |
medium and lower grades, which are
comparatively cheap.
For East Indian cotton the prospects |
have not materially altered. During
the next four or five weeks the import |
will be heavy-probably 100, 900 to 120,
200 bales-chiehy from Bombay and
Is large proportion of this will be good
,o.ton, which continues relatively cheap,
It is probable that spinners both here
and on the continent will be induced to
operate rather more freely. II is not |
likely, however, that We shall have any
important rally in Surate, unless there is |
first of all movement characterization,
Tor their consumption is still limited,
and with the prospects Of p liberal sup
ply of American next year, spinners will |
not change to Sursts, unless they have |
an important advantage in price. If low
however, this autumn should |
become scarce and dear, a. it did last |
year, and all the lower qualities of Bra |
Ills, etc., should be used up, We might |
zee sharp rally in the good fair qualities |
If Surats, which are now 90 modelate in
price and of such superior style. Ben
gals have maintained the slight improve
nent of last month, but the stock on
land are 80 excessive that it Is not likely
We shall have any important advance,
NILE So the opinion Is generally enter
AIMED that the next crop will not come
Onward at present prices. II is highly
that Calcutta viii ship freely
t 4d for fair, but If We only receive
lalf as much Is last season the prospect
# reducing stocks to their nominal
compass will still be remote.
According to an official return Just
during the first half of the
current year 5, 188 horses, mules or
lonkeys have been eaten in Paris that
to say, 8S3, $40 kilogrammes (about
wo pounds each) of meat exclusively of
leart, liver, brains, tongue, etc., which
re eaten in the same way a. those of
Ken. During the first six months of
$40 (before the war; 1892 such ansa,-
na1R vera a1anOhkopad IN Aha R-o,nh |