The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1876-03-28
The Livorpeol Cotton Re

the L1vorpool Cotton Report.
From the weekly cotton circular of Measrs,
w. G. Watts & Co., dated Liverpool, March
10, We take the following:
The Position, Ec.-Our market still con.
tinues to be ruled, b great extent, by the
daily receipts at the American ports.
and the course of the New YORK market for
ssfutures, but the time has nearly arrived
when the daily receipts will have less inf 1ence,
and when the weather and the probable acre
age to be planted in America this spring will
attract increased attention, and doubtless have
marked influence on the course of prices
here. SO far as We can learn, the general i'm
preston here seems to be that, if about the
present scale Of prices are maintained until
the commencement of the planting season,
that there will be decrease in the acreage of
some five to ten per cent Upon this point
We would be pleased to have the views Of our
correspondents in every section. Of the cotton
growing States.
American cotton of the higher grndes is
getting to be very scarce here, considering
the large stock-of all grades-on hand.
Good Middling Uplands are now quoted at
I'd over the price Of Middling, whe reas two
months ago there was difference Of only
S-16d. This improvement in the relative po-
sition of the higher grades has arisen from
combination of circumstances l. The
American crop Of this season contains much
smaller proportion Of the better grades than
last season. 2. Both the Continental and
American spinners purchased much more
largely during the first three months OF this
season than in the same period last season.
and thus secured the larger proportion OF the
good cotton out of this crop. 3. Owing to
the downward tendency Of prices here spin
ners who were under contract for the forward
delivery of yarns. have as rule bought rather
higher grades than usual, lest their yarne,
when rendered, should be rejected as not up
to quality, ETC..
In fact, as q general rule, on a declining
market such as We had for the first nine weeks
Of this year, spinners usually buy better cot
ton than they are accustomed to use. For
opposite reasons the import Of low grades of
American cotton into this port have r. Gently
been very large, the demand very limited,
and in consequence prices have rapidly de-
clined. We anticipated some such result as
this, and in our report, under date of 10th
December last, We gave table of prices cur
rent for Ordinary and Good Ordinary as COM
pared with Niddling in the spring and sum-
mer of 1873, when the proportion of low
grades here was superabundant We then ar
rived at the conclusion that Ordinary might
this spring be about "a per cent lower than
Niddling whereas the present difference in
value of 1ad per pound amounts to % per
cent
As to the effect that the present low scale
Of prices may have upon production, we ex-
tract the following interesting remarks from |
the last monthly circular Of Messrs. q. Clark |
& Co.:
"In Pernambuco cotton and sugar planters |
are turning their attention seriously to the |
production of coffee for export, and the plant. |
ing has commenced in various parts OF this |
province and that of PAraiba. In Santos the |
production of cotton is rapidly decreasing |
and it il thought by many that within the |
space of two years the expectation Of the arti-
ole from this place will have ceased. The |
greater part Of the American planters who |
came here sitter the civil war are returning to |
the States.
s.From Bombay the shipments prior to the |
monsoon will depend on prices; if the present |
depression continues we expect the exports |
for six months to reach about ESQ. 900 bales, |
the crop warrantiog $50, 900. The total ship |
ments to June 80, 1876, were l, l27, $40 bales. |
The larger proportion Of the deficiency will |
probably fall on Great Britain"
The stock Of cotton held by English spin
ners We now estimate at 199, 600 bales. against |
227, 600 last year and 1S3, 900 the year before.
The Cheese Trade. i
[Cincinnati Price CURRENT
There has been no industry among the
varied enterprises Of the country which has
more rapidly during the last few
wears than that Of cheese making. Perhaps
xe should accept the petroleum trade. but that
ante-d dates the especial prosperity Of cheese
making. Previous to 1870 the foreign exports
81 cheese from the United States were OF
minor importance, and even in that year they
amounted TO only 1000, 900 pounds. Chess
factories had not then been long established,
NJ h.d nat come into general use but they
vere quickly adopted on account OF their
= we'll ss because better and
more uniform quality Of cheese could be made
han by the old process, and the production
Of cheese increased 50 rapidly, that it became
. problem of much Importance where they
would find . MARKET but this problem was
quickly solved by the demand from Europe,
md in 1872 We exported &c 600 600 pounds
Since then there has been rapid increase in
the production. but the foreign as we'll as the
home demand, has increased as RAPIDLY. end
n 1874 the exports exceeded 100 000, 900
pounds, while from May l, 1875. to March l.
1876. only ten months, the exports amounted
r<Nnn r. x,otr