The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-03-09
Oo1LERCIAL BATTERs. Etc.

.vAsowAu&. Capital employed, Sic, GOO, 600;
number Of mills, 50; spindles, 697, 46l; females
employed. 10000; males, COCO; number Of
yos a per week-cotton. 1888, 600; wooden,
$1,000; carpeting, 10000; shawls, $500;
aoeiery, 1900 per week.
. Texas sheep raiser says there are about
z,vUO. zoo head Of sheep on the borders of the
mo Gfande-the finest sheep raisiDg country
90 the world He has imported some of these
e MS own rancho, and he says that in two
yeen the clippings will net him Csc per head,
Wmcn, together with the increase of stocks,
vla yield him handsome revenue. On the
1nd FRO rivers there are about 75O, 900 sheer,
1oE market.
The Sugar Outlook.
IN. Y. American Grocer, 4th instl
Last month and the early part of February
vas the dullest period in the sugar trade
.nown for many years, January especially be-
Ang characterized by the marked absence Of
1nythipg like animation. Not only does this
.ppIy TO our own country, but about the same
= WuNof the European markets. Sugar, from
Sne TACT Of its being more generally used prob
Soiy than any other STAPLE article, is particu-
a.siy sensitive to the changes in commercial
euAiEs, and as every one knows that the past
lev yeaN have not been prosperous and nearly
~ ciassoe have been forced to economize, it
-
81 sugar should have decreased. Refners,
therefore, only produce the smallest quanti-
ues OF the refined article, yet sufficient to
meet I'll the wants of the trade at present,
This general dullness deters the importation
81 the crop, prices being so low that it can
nArdly - brought here except at q loss. The
11cSQpB also late owing to drouth, and the un-
settled condition of the political affairs of
Cuba have also operated against the harvest
ing Of the crop.
At this date it is impossible to give any re-
Liable report as to the future prospects Of the
sugar trade, it being too early to ascertain
the extent Of the reported deficiency of the
coming crop. Ia Germany and France the
season has been so dull that it is probable
that the best beet sugar production will BIZ
less, as reports from those countries indicate
that the planting of the root has been smaller
than last year. The supply Of sugar here is
about $4,000 tons, against $4,000 tons last
year at this time, while prices are almost one
eighth OF cent lower. It would seem that
the bottom has been reached, and it would
mot require very much activity to send prices
up, for should there be q sudden reaction in
trade our small supply would manifest itself
at once. The deficiency Of the Cuba crop is
vvariously estimated, but as yet nothing reli.
able is known; -some say that it will be Is or
30 per cent, which is without doubt too large,
though it is probable deficiency exists.
Should business revive both here and in the
foreign markets, the shortness Of thecrop
might prove serious, for with the beet root
product smaller and our own supplies scant,
the drain on the Cuban crop would be very
great
Liverpool Csttsn Report.
From the Liverpool weekly cotton report Of
Messrs w. @. Watts Il Co., under date of
February Is, We take the following interest
ing extract:
The Position, etc.-The decline in prices
this week of about an i'd per pound is q Sc
xious one considering the very low prices
previously current. Prices for American Up
lands are now about I'd to 7-l6d below the
average and i'd to 5-16d above the lowest
point ionched in the memorable year 1860,
when the American crop (l859-6O) amounted
to 4, So, 900 bales, and when the consumption
of Great Britain amounted to only AZ, $50
bales per week. Why is it that prices have
been driven SO very low All the great COM
mercial nations Of the world are at peace.
Some months ago there was some uDeasinets
growing out of the condition of affAirs in
European Turkey, but it now appears that
the Porte has accepted the suggestions or
propositions of Austria, Germany and Russia
backed IS they have been b. Great Britain,
France and Italy-so that there now remains
no 0pp8I0uV uucdSlu091 VI GuEOpoou WoA
growing ont Of the Eastern question"
Nor Is it bad trade that is hurting our mar
kst. Manchester is not depressing Liverpool !;
1t is Liverpool depressing Manchester. In
evidence of this, whilst American cotton has
declined here since the beginning Of this
year ga per pound, the leading qualities Of
yarnV4Os mule end 32's twist-have declined
only Id to Id per pound. Nor is there any
talk Of short time on the contrary, we doubt
IL there ever was q period in the history OF
this country when more pounds weight OF cot
ton were being consumed, per week, than at
present. Il is true, spinners have taken from
nearly 60 600 bales less cotton than during
the same period last year. but they have taken
Il so far this year rather more than their con-
sumption, and that they should have done so
on O declining market would seem to be proof
of moro confidence at Manchester in the
maintenance OF prices than has been the case
here.
Nor can We think it is the large stock here
that is depressing our market 80 greatly.
Oar pres Mt stock Is only 20, $50 bales larger
chan one year ago, and this is nearly Offset by
the 81, $40 bales decrease in the deliveries to
tho trade since LIST ult, as compared with
same period last yeer. In other words, the
excess OF stock We have here in Liverpool is
nearly Offset by decreased stocks of cotton
held in the manufacturing districts Besides,
there are now afoat for this port from Amer
lea and India Ia, 900 bales less than at this
Tins last year. This dees not look as If our
market was going to be overburdened with
cotton. Furthermore, the supply Of cotton IN
and sfloat for this market We now estimate to
have cost about 92. 500. 600 less than the sup
ply We were dealing with one year ago.
The decline in the rate of exchange in In
,dia has lately been repeatedly referred to as .
doubtless has been source of some loss to
shippers of goods; but this decline has been
q gradual one, having amounted to only
about 81 per cent in the last four months, and
has doubtless in most cases been anticipated
and gu srded against. But no part OF the de-
preston here or in Manchester seems