The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-14
COMMERCIAL MATTERS, Etc.


facture of sxes, and the American shape il
lein adopted everywhere.
Inc present rates on coal to Eastern ports,
the philadelphia Commercial List says, are Sc
lowsh but few of the vessels engaged IN the
trade are meeting expenses; and what il
worse, there is nothing in the near future cal
culated to inspire owners with the hope OF {
return of more desirable state ct affairs.
Not a few of them are being laid up at the
Eastward in consequence.
The export of petroleum from Philadel
phia, which showed q considerable falling Of
during the early months of the year. is now
RAPIDLY recovering, and with vessels now il
port chartered to load $780, 600 bbls, the Com
Saercial List thinks it is not altogether improb
able that before the close of the year ship
raents will very nearly approxim ate those O
1874.
Passengers whose number is amounted,
have accompanied the British steamer "Grea
Eastern on her recent voyages Mussels
covered her $4,000 feet of iron plating in 6
close and continuous deposit, in some places
over six inches thick. The average weight OF
mussels to each square foot, was found BY
careful experiment to be from twelve to thir.
&sen pounds. The vessel was thus encum.
bered with not less than 800 tons of living
marine animals.
The Boston Advertiser gives favorable re.
port of the boot and shoe trade of that city.
1t says the demand from the South continues
brisk, and the business with that section ex-
4ceeds the most sanguine expectations of man.
ufacturers. Sales to new buyers have been
made to considerable aggregate amount, in
addition to the ordinary traffic. The ship
ments to places outside of New England for
the past week comprise 1895 cases OF rubbers,
and 43, 727 cases of boots and shoes, against
AZ, 713 cases of boots and shoes for the same
week last year.
Liverpool Cotton Market Report.
From Messrs. w. @. Watts & Co. 8 Weekly
Cotton Report, dated Liverpool, Aug ~, we
take the following
The Position, Etc.-The improvement in the
demand this week has been due in some
measure to purchases by Oldham spinners. il
anticipation of re-opening of the mills il
that district at an early date, perhaps next
week, and to an increased demand for cotton
on the spot to cover short sales of Angus,
an1 September deliveries. There are those
who think there is still large short interes,
here, Of deliveries, which has yet to be cover
ed, and that this will lead to confined demand,
for some weeks to come, for all grades OF
Upland above Low Middling, and thus cause
a further improvement in prices. On the
other hand there are those who look fol
proximo. some pressure to resell, and a con.
sequent giving way in prices, as has been the
case during the first week or ten days of each
month for several months past On this
point it is impossible for any one to SPEAK
with much certainty, since the question is
mainly one Of confidence, which hinges on
many contingencies.
The position Of American cotton seems,
however, to be growing stronger from day to-
L. r., - - 4, Al
ult We pointed out that, as compared with
prices one year before, American-Midd
Uplands-had declined nearly 145 per cent
whereas the decline in fair Dhollerahs was "a
and fair Pernams only 1-16 per cent, while
fair Egyptian showed an actual advance oil
d per cent. From this We inferred there
would soon be decided improvement in the
demand for American. -u
The deliveries of American (trade and ex
porD from this port have since, say four
weeks, averaged 3S, 165 bales per week as
against 81, $50 per week for the preceding 30|
weeks of this year; and the supply in and
ahoat for this port, which on 30th ult showed
an excess of 100000 bales, as compared with
same date last year, now shows an excess of
only s., 100 bales, and this too notwith-
standing the lockout at Oldham, which hat
in the meanwhile materially diminished de-
Gveries to the trade.
Trade in Manchester seems also to be get-I
ting in a much healthier and stronger pc
sition. That there was some four or six|
weeks ago q large accumulation of both goods|
and yarns in stock no one can doubt, but
this, as we have several times attempted tel
explain, was not due to over production, nor
to diminished consumption, but alone to the
check given to the distribution by the great
failures in Manchester and London, which,
made it for time almost impossible for theI
oldest and best firms, who shipped goods to|
distant markets, to negotiate their exchange.
But this distrust is now rapidly wearing away
There has for some weeks past been con-
siderable depression in the chief Indian mar
kets for goods, owing to the pressure to closeI
out stocks belonging to the bankrupt firms,
but our latest advices indicate an early revival
of trade and remunerative prices. This has
3ed to healthy and legitimate trade at Man
chester, and the indications now are that the
exports of cotton goods will this month show
an increase on August OF last year. TIL,
trade, too, seems to be working into saferI
hands. The fact is, goods are now very low
AS low, if not lower, to the great mass OF
consumers than ever beforehand the pros
poets of a fair and legitimate profit is en-
rcouraging.
Trade in America has during the past year
been greatly depressed, owing to except-'
ional circumstances; but our latest advces
indicate SLOW. but gradual revival. So far
as cotton is concerned nothing has recently
depressed this and other European markets
more than the great weakness or apparent
want OF confidence, shown on that side as re- /
elected in the New York market for futures :
New York has for the past day or two sent
us advanced quotations for futures, but
these, so far as we can determine by the tenor 4
of daily kilograms have been due almost en-
tirely to encouraging advices from this side,
and not from confidence in cotton based on :
its own merits. nor from any fresh develop
aments in regard to the growing crop.
Our latest crop advices from America, both
by mail and telegraph, are rather less favora
BILE than previously. The drouth of June and
July app airs to have been followed by exces-
.sire rains this month. which have done con.
siderable damage. But aside from any dam
age that may have been done by the heavy
rains, our own advices confirm us in the opin.
ion expressed in our last report, that the bols
on the growing crop were likely to matur.
irreQulary and the picking season be a nro.