The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-03-02

February 085 48,772 227,276 129, 81
Previously. .517,s52 397,iO5 9O9,969 704,65
To date e25,ss7 44ss77 1,1s7.245 s33,97
BAL season. 54,537 .....-- las, "A
Total. 49,. 50O.4l9 1855. 9s2, AZ
Liverpool Cotton Report.
From the Liverpool Cotton Report 3
Messrs Watts & Co., February 18th, we tax
the following:
The Position, etc Prices at the beginning
of this year were generally considered as safe
few looked for any material decline, an,
quite Us many expected some improvement
But prices for American have, during the pas
six weeks, declined as follows: Ordinary I'd
Good Ordinary and Low Middlipg I'd, Mid
ding id. Good Middling 7-l6d, and Middlinl
Fair "a per pound; an average of rather more
than id per pound, or say about one pound
sterling per bale Such losses coming on tn,
heels of two such unfortunate years as 1877
and 1875 have undoubtedly greatly weakened
the position Of many holders, as shown in thu
continued pressure here to effect sales. Ii
our report under date of 7th nit, referring
10 the fact that there were sellers of " futures
ct prices relatively lower than spot quota
tions, we remarked: "There will, in oul
opinion, be nothing like genuine confidence
or backbone until prices have continuously
advanced for some weeks, and enabled the
trade to make some money" Whether the
turning point has yet come or not no one can
tell. All seems to hinge on the scale Of re-
ceipts at the American ports. On this sub.
ject there is one feature to which we would
direct attention.
From the LIST September to 31st D. cember
the receipts at the American ports were only
10. rs per cent larger this season than during
the corresponding four months of last season,
end at the latter date, crop estimates ranged
from to A million bales. But during the
first four weeks of January the increase in
receipts, as compared with same period last
year, rose to 5O.S9 per cent, and the result
was crop estimates we're increased until we
should say 1900, 900 to 4 400. 900 is now con-
sidered conservative, and many lean to
4, 500, 900. and some even talk of a, 600, 900
bales. We are decidedly of opinion that the
crop is now being oveI-estimated. The IN
expectediy large receipts in January were, we
doubt not, largely due to the high waters in
all the Southern rivers.
But how has it been with receipts since the
28th ul,? For the week ending the 4th inst. +,
the increase-whicE, as we have said,
amounted in January'to 5O.S9 per cent-was
only Is SO per cent, and this week it is down
to 49, 6 per cent.
From India crop accounts come worse and
worse. Messrs. w. Nichol & Co.. of Bombay,
in their circular under date of 18th January,
say: :.
Assistant Cotton Commissioner of the Berars
and central provinces has issued 0 report
which represents crop prospects in these dis
tricts as infinitely more gloomy than We had
been prepared for. The yield Of Hingunghat
is estimated at Is, 900 bales or about half
crop, whilst the Oomrswuttee crop, which
last year amounted to about $50. 900 bales. is
not expected to exceed 199, 900 bales. From
our own correspondents We have this week
advices confrmatory Of these estimates, and
additional evidence is afforded by the scanti-
ness of supplies, not only at the several mar.
kets, but in the several villages all throughout
the country"
The stock of cotton held by English spin
ners we now estimate at las. 600 bales, against
2l7, 600 last year and 49,, 600 the year before.
Monthly Flour Circular.
We are indebted to Messrs. Glover & Oden-
dahl for the following:
New ORLEANS, March /, 1876.
The business in -four 10 our market during
past thirty days has been very light.
The improvement in trade which is gener-
ally expected as a positive result of good and
abundant home crops, such as we have har.
vested has failed to present itself in our line
of trade. This is to rs an undeniable evidence
that it is not the want of success Of our pro-
ducing community which causes our present
depression and shrinkage in business, but
that it ia the want Of reaching the planter
and his country merchant with the necessary
transportation facilities of the present day.
That the planter and country merchant will
be benefited by good crops is self-evident,
but If they are induced to buy their stocks in
other markets which offer them superior ia. |
cilities of transportation aud other conve- |
niences, it is very easy to perceive that our |
market will reap none of that beneficial re- |
action.
The depression in business is universal, but |
there is not city or market in this great |
country where there is such room for i'm prove
ment as cur port and city present Other |
markets of this country. such as Chicago, St.
Louis. Cincinnati, New York, Philadelphia,
Boston, etc, are duh upon the improvements |
of the past sixteen years. Their railroads
penetrate the country in every direction, IN
Ill, we might say, there is no room left for
more. Their steamships trade in all foreign
ports. The facilities of those points have
been developed steadily and to such an extent
that further rapid Improvements are almost
out of question, hence their prospect for early
buoyancy and activity lies in the far future.
Our market, however, relying chiefly upon
it's natural position and good old precedence,
has continued almost entirely on its basis OF
sixteen years ago. Let energy awaken and
capital be invested, 60 that we will be placed
il our business relations upon an equal
footing with other markets, then we predict,
there will be no market 50 active and lively.
no community 90 prosperous. and no proper
y % valuable % that OF this city and port.
The opportunities 70 develop commerce and !;