The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-04-11
Liverpool Cotton Market Report.

Liverpool Cotton Market Report.
We take the following from Messrs. W. C.
Watts 4 Co.'s Weekly Cotton Report, dated Liv-
erpool, March 25th:
The import into this port for the past three
weeks has been very large, having amounted to
341. 643 bales, of which 236, $50 were from Amer
lea. This large import has caused rapid &C
cumula ion Of stock here, which now amounts to
83l, $50 bales, against 7OO, $40 at this date last
year. whereas three weeks ago the stock here
was only 6S2, 16O bales, against 732. $50 at same
date last year. That prices should have been so
well maintained under such circumstances lbeing
for American descriptions partially Lied dearer
now than then) is perhaps the best evidence we
could adduce of the inherent strength in the
present portion.
It is also noticeable fact that notwithstanding
the very large import Of the past three weeks,
there are buyers to. day Of Upland cotton s1and-
ing" ct the full spot quotations, although ordi-
to I'd under spot prices. This feature undoubt.
edly arises from the fact that there is very large
short interest here for April-Msy delivery. What
the extent of this short interest may be 1t is i'm
not improbable that it may exercise considerable
influence on the immediate future course OF this
market. A yet, however, but . small proportion
of the large imports Of the past three weeks has
been landed, warehoused, sampled and got ready
for sale; it is therefore, not improbable the pres
sure to sell may for the next week or two exceed
the demand, and thus bring about some reaction
i'm prices, unless We are strengthened BY the
general tenor Of adyices from America and from
India, or by . very decided Improvement in bust
ness 1T Manchester.
The supply Of cotton at sea from America for
this port 10 now g. 900 bales less than at this date
last year, and we are inclined to look for very
moderate shipments from thence from this to the
close of the season (3lst August), but on the
other hand it will be observed there is now about
O. much cotton afoat for this port from India as
last year; and as Bombay is still shipping heavily,
via Suez Canal, our present large stock is not
only likely to be kept up, but perhaps somewhat
increased within the next two or three months,
and thus afford US superabundant supply az
compared with immediate wants. We do not
mean to say q large stock here always brings
about decline in prices. On the contrary we
have often known prices to advance when stocks
we're increasing, and rice rersa.
II is question Of confidence. Our own i'm
preston is this is going to be an exceptional
year; that is, we are going to receive . larger
proportion of the entire years import during the
fret six or seven months OF the year than per-
maps ever before. Take - an instance the fact
that while the receipts at the American ports are
now $4,000 bales, the shipments to Europe are
90 far only 81 600 behind last season to same date
and, so far as Great Britain is concerned, there
has been an actual excess in shipments OF ~ ,OO(
bales.
The stock Of cotton held by English spin
ners We now estimate at 100000 bales, against
237 900 last year, and $4,000 the year before a
the same date.