The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-01-28

The Position md Prospects. referring to
our remarks under the head Of " Prospective
| Supplies, it will be seen that assuming that
the American crop now coming forward will
amount to 1000, 900 bales, and that American
spinners will take 1900, 900 bales, we arrive
| at the conclusion that the imports into Europe
from America will in 1875 fall $4,000 bales,
and from other sources $50, 600 short of 1874,
and amount to about the same as in 1873.
This decrease will not begin to become APP
parent for some weeks to come. Further
more, in view Of the scale of prices now cur
rent and the anticipated revival in trade to
which we have referred, we are inclined to
the opinion Europe will this year require from
100, 600 to 2OO,OO bales more than last year
by some it is supposed the Factory Act,
which goes into operation from this date, and
reduces the hours of labor in mills four hours
per week, will reduce consumption somewhat.
but by others this is doubted, and in any
event 1t IS generally supposed that this will
be more than offset by the steady increase of
machinery employed. On the Continent. and
particularly in France we look for even
greater increase in consumption than here in
England. If, rs we have estimated. 100000
bales less are imported, and 100, geo to 100000
more required tor consumption this than last
year, the visible supply will be largely de-
creased during the year: and thi, being the
case, we may reasonably expect an improve
ment IN prices, unless, the season adj |
vances, We have promise of large crop in
America next year. In a few words, even |
assuming that the American crop now COM
ing forward should turn out as much as
4, $50, 900 bales, and that India should for
ward to Europe as much cotton this as last
year, it still looks as if the supply at the
close of the year would be less than at pres
ent, provided there is no check to consump-
ton by advanced prices, by monetary panics,
or by important political commissions.
AS yet, very little has been said or written
about the probable extent Of the planting in
America next spring. Prices are now about
L. & 10 lower than during the planting sea-
son last year This will soon become promi-
nent topic, and, perhaps, exert marked in
~ on the course OF our market. Should
there promise to be any considerable decrease
IN the acreage planted, prices here would be
strengthened. On the other hand, year or
TWO ago 1t was supposed two or three success
'lve large crops III America would have the
effect of checking production in India
and perhaps in Egypt, but as vet we see no {
signs OF this; India. Notwithstanding low ]
prices, having furnished Europe with more
lotion last year than for some years past It !
seems that the cheapening Of inland trans
)ortation has, in great measure. countar- 6
balanced the decline in prices; in other words &
hat the growers get about as much for their +
'otton now as formerly. There is, therefore, I
ess apprehension of short supplies in the
uture, less complete dependence on large
rops in America, now felt than was the case 8
year or two ago. t
Manchester has during the past year done |
large, and on the whole, We doubt not, !
airly profitable business; and this, too, not
manufacturers and spinners
ave had to contend against declining mar r
ct and very bad trade in India and America. I
here was no resort to short time during the {
asst year, and at the moment an early revival t