The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-02-25

Total lib 900 900 J,6l7 900 Of 1850 los OIL
Surprising the state Of trade to be such thai
it will be to the interest of continental con
sumers to use up their present surplus stock
Of ll0, 900 bales, the deliveries to all Europe
may not exceed D. J07, 600 bales, or =, 1872, 900,
600 lbs.
The increase in the estimated requirements
for the whole Of Europe is only about one per
cent over the actual consumption of last year.
Such an estimate cannot be objected to as ex-
| cessiye though it may be considered too
small. In no direction is the demand for
goods likely to be less than last year. Even
the long continued unsatisfactory state Of
trade with India may be expected to improve,
now that we have no Bengal famine with which
to contend. With cheap food and cheap
money, we may safely anticipate good home
demand, and the same circumstances must
necessarily exercise favorable influence upon
all foreign markets. Europe, therefore, may
want more than 2,173,O0O, 600 lbs Of cotton,
but she is not likely to want less.
PROSPECTS OF SUPPLY FOR 1873.
Last year we estimated the import into
Europe for 1874 at ), $50, O00bales the actual
arrivals were 5,645, 900 bales, or only 5000
bales short Of our computation. The figures
were as follows, in 10O0s OF bales
Amcan Eraz'n f. t,etc WI. Ell. Tot.
mate .-o3 10. 40 le2 1,i3o 56i5
Actual i'm
port 80 zoe $40 300 LOO go
We looked for some increase in Brazils over
1873 but instead of SO 600 bales we only got
II, 600 bales. The falling off in Egyptian,
etc, is entirely in Smyrna cotton. The differ
ence5 in American, West Indian, and East Iu-
dian are altogether unimportant.
The always difficult task of forecastng the
-.<Dfr
the unusual uncertainty surrounding the
future development of the incoming Ameri-
can crop, i'll consequence Of the extraor-
dinery fluctuations in the receipts at the
ports during the past two months.
We are, however, inclined to look upon
/, 600, 600 bales as moderate estimate; and
we should be less surprised to see over than
we should be to see under 1000, 900 mar
keted. With regard to other
sources Of supply there is not much differ
ence OF opinion. The Indian crop accounts
are fairly favorable, and the import will
probably reach l. $50, 900 bales, against /, 49,
600 last year.
On the other hand, the Egyptian advices
are decidedly unfavorable; every one in Alex
andria expects a decrease Of $50, 600 cantars,
while many of the best-informed merchants
anticipate a reduction of 800, 600 cantars. An
average decrease would be 30, 600 cantars or
about 10000 bales. Last year the imports
from Turkey and Greece fell off about 10000
bales, this year they may recover little If
Egypt loses $4,000 and Turkey gains 20, 900,
there will be a net reduction of 40 900 bales
in the import of Mediterranean cotton into
Europe in 1873, say ilO,O 900 bales against
1872 600 in 1874. The Brazils, Peru, West In
dies, etc. will probably send us no more and
may send us less, than last year; but the pack
ages are 50 light that it will make very little
difference in the matter of price whether We
receive $4,000 bales more or 30, 900 less than
in 1874, and we shall, therefore, adopt last
years figures in round numbers
The foregoing estimates compare as follows
with the actual figures for the previous two
wears