The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-06-27
The New York Journal of Commerce says
0f the condition of trade in Great Britain:

OF the condition of trade in Great Britain:
The British trade returns for Nav are NOT
pleasant reading for Englishmen. The ex-
pected Improvement is still further post
pOned. What with European uncertainties
the famine in China which cuts England out
OF a market, the Lancashire strikes and com
petition from America, there is no CLEAN Of
promise in the British commercial sky. The
exports for May show decline of III per
cent from those for May last year. In Cottons
it is 165, in linens 45, In hardware 104, In iron
and steel 12.1. The total decrease in export
value IS about 81, 100000 large sum at q
time Of depression already extreme in the
English markets. In imports there is O
decrease DC OF 1OI per cent against an
IL ngavo per Men cent R Increase oo44 in the
26.2-not welcome addition when the coun-
try is overstOcked with prints and the trade
is demoralized. We have several times re-
ferred to the rush Of American bacon to
England as unprecedented. The increase in
this article for May was no less than 1856,
while that Of cheese was Al, and of butter
154. In wheat we note a decline Of II T. and
IN flour Of Ais. Nowhere in the returns Is
there any sign Q, OF recovery, and John Bull is
prices are weak, and in many cases the posi-
tive decline is very heavy. It was the same
last year and the year before-always glutted
market, falling prices-a state Of things
which only our enormous wealth and the
great strength of our credit institutions have
prevented from ending long ago in open
disaster"
In relation to the predicted receipts of cot
ton at the ports during the months of July
and August, a New York correspondent of the
Daily Bulletin, of that city, thus ventilates
his opinions:
An erroneous impression seems to be much
prevailing in cotton operating circles that re-
lITRfE nf fhya
August will compare favOrabIy with those
during the same period Of 1876 the crop of
1867 was the most forward ever known,
when their aggregate was some $1,000 bales.
This impression may have been somewhat of
an influence, in addition to the weakness of
Liverpool, that has emboldened our "bear"
operators this week, and caused decline of
Y to 20 points in prices, In face Of the excep-
tlonally strong statistical position of cotton
this side Of the new crop.
In my humble opinion receipts during the
next two months will not nearly compare
with above mentioned figures Of 1876, for in
July and August the ports are mainly fed
from stocks at interior towns The latter at
this date OF month"; 1876, amounted to total
OF CLIP bales, which became reduced to
21,627 by the first of September. Tonight
the total OF interior town stocks foOts up but
%, 255 bales, which may become reduced some
1900 before the end of August; but unless
the growing crop is IN O stall m ire forward
condition than the exceptional one of 1867 Il
have yet to hear Of a responsible authority
that comedies this, it seems to me that re-
ceipts of 10000 bales during July and August
is liberal estimate. II this proves to be 50,
and the consolidated stock at the ports does
not exceed 100000 bales on the first proximo,
it certainly looks as though a scarcity of ac-
tual cotton will be seen before the new crop.
in any bulk, becomes available.
1t is generally thought that domestic spin
ners will require some $4,000 bales a week
during the balance of the season; and if ex-
ports from this country are less than last
years during the same time, the stock in
Liverpool threatens to run down dangerously
low in the fall.
But as may I say the above apparently
conservative figures of demand would leave
US without bale at our ports before the first
OF September next, the trade seems likely to
be put to some inconvenience to make the
supply equal to the necessitous wants in the
next ten weeks, in which time it seems scarce
~ likely Misrepresentation will remain dormant
IN regard to summer and fall contracts, with
such strong statistical showing
FUTURE DELIVERY,
Delinquent license payers should settle
their city licenses before July L, to avoid