The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-05-18

whence the imports, as given above, were re-
ceived last year and orr estimates for same
period this year:
America. India Sundries. Total
,s n. ssHsa mno,t s sss e s
Referring to the figures contained in the
foregoing, and without going to any detailed
explanation, we would call attention to the
fact that on the 22d ult the supply Of cotton
1t SEQ for this port, as compared with same
time last year, showed deficit from Ameri-
CO of SO, 600 and from India Of s., 900 bales.
Il will also be observed that we have-in
order to to on the safe side-ss tmated the
deliveries (trade and export) for the period in
gu aslion the same as lat year, and thus
make out that the stock here on 30th Sep
tsmbsr next will be 248, 900 bales less than at
same date last year. But when we come to
~oonsider the ttocn Of cotton now held by
English spinners, the position Of trade at
Manchester, and the small stocks now held at
the Continental ports, we cannot but con-
clude that the stock here in Liverpool on the
3Oth September next is more likely to be
ATS 600 70 3OO,0 600 less than at same date last
year, and in order to make up the deficit Of
4O0, 600 bales which We have supposed would
be shown By the stocks in all Europe, our
figures for deficit In Liverpool would leave
100, 600 to l25, 600 bales as the probable de-
OSAAS1A1VAs~1
Assuming that our foregoing estimates
should turn out about correct, it does not
necessarily mean that prices here will ad-
vance The course of prices, as We have
often had occasion to explain, does not de-
mend entirely upon actual supplies, but is
often governed by prospective supplies and
other contingencies All We mean to say is
this, that statistics exert quiet but certain
bearing upon the future course of prices, and
consequently should not be disregarded.
Moreover, assuming that our estimates Of
stocks in Liverpool and London and on the
Continent are approximately correct, it is, as
ne have before said, conclusive evidence that
consumption in 1874-5 has gone some $780,,
200 to 400, 600 bale4 ahead of production.
Nov, when We take this fact in connection
With the further facts that trade generally,
both in England and on the Continent, and
particularly in America, has for the past six
or twelve months been passing through pc
Rod of depression; and, also, that in order
20 supply the natural expansion Of trade and
increase Of population in nearly all the coun-
In the supply Of cotton Of something like 81
psr cent i required (the statistics Of the last
-Shirty or forty years prove this), it becomes
evident the world will require largely in
.creased supplies in 1855.
The dulIness and downward tendency Of our
market this week has ina great measure been
due to the declining tendency of cultures"
sat New York. which, in connection with our
Latest advises from America. indicates an in
creased acreage in cotton this spring.
The deliveries from this port to English
s,ipners have during tho past three weeks
amounted. in the aggregate to about 81. 600
hales les than their consumption, but mas
mach a. they took for tho week ending 9th
liant lust about the Same quantity beyond