The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-11-09

Position OF THE LIVERPOOL COTTON MAR
KETTLE COTTON TRADE or LuRoPE.-Messrs
ID. A. Given 4 Co. have kindly furnished US
with copy OF Messrs Watts " Co.'s Liverpool
cotton circular, dated October "a. from which
we select the following:
The Position. etc.-The feature Of the market
this week is the October corner" One week
ago 1t was thought that In view OF the large i'm
port Of American due before the close OF this
month l30,000 to 100 600 bales for the fortnight
there would be no squeeze ior October DE-
the Import this week has been 1900 to 10000
bales less than expected; and added to this.
Notwithstanding continued heavy receipts at
| continued to advance. The result has been a
| rush to cover October delivery contracts. which
operations a Of the Bulls I'VE this week been en-
| further assisted By Increased purchases
an The spot y spinner o.rmng
/ our recent reports, that the trade we're hungry
for American cotton. 1t is felt BY nearly every
t o. Is NOW b ID an IN m an ST.
| tober deliveries are now about I'D dsarer than
November deliveries. Att esametimo. it seems
such as we had last autumn. is no longer appre-
hended: IL other words, conhd nee Is being re-
stored. and. In view Of the revival In trade. the
ding Uplands at eay 6A@61sd. which has been
about ne averag. OF the 1T two years Is q
Il
/ America Is likely to e w into this channel and
| the more especially since nearly all descrip-
| tiona OF bonds, stocks and securities are now at
4 very high prices.
4 The Cotton Trade OF Europe.-M Ellison
\ h 20. have just issued their annual review for
| the season ending the thirtieth ultfmo. They
| es innate that English spinners held at the G ose
81 f Last month about 10 900 halaa lesa than at
same GATE last year. which varies only 1000
/ bales from our corrected estimate. as shown Ia
our report Of the teath instant. They make
| Continental spinners to have held on he thir-
4 tieth ulttmo ~ 90 bales less than one year be-
4 fore, This LOOKS to US Ahou- the correct figure.
Il There las for some months past baen an I'm
\ preston on this side that Continental spinners
4 hsld good deal more cotton than last year.
\ and that this was certainly the case as regards
| splnners in Russia. This latter onv.ction
1 grew out of the very large shfDments last sea-
son from America to Russia and the failure to
take into account the large decrease In the i'm
4 ports into that country from other sources. In
our eport, under date OF the Nineteenth uit-.
| mo. we gave the official returns Of imports a
cotton into Russia the first six mouths OF tht
year. showing falling Of Of $4,000 bales OF 400
| pounds each.
| The consumption Of cotton for the past
| season, as per Messrs Ellison i 90. WAS Llls-
| 0 e0oo pounds In Great Britain, II decrease as
compared with IS # ahont per c LIT: and
on the Continent / .03s. 900 600 pounds. an in
crease OF about 3A per cent as compared with
1877 Vs. The Increase % the Centinant Ihry
say liz due mainly e. the expansion Id Russia.
Aassrs- Edison j. O., referring 70 ILL pros
pec.s III snpnly. assume tha- rte American
eroD Of 1929 may reeca 5.iso.oeo bales. but