The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-12-30

THE BRITISH COMMERCIAL SITUATION.
The london Timea Of December 10. In m obi
AGrial reylew of the British commercial aiua-
33op recognizes iuany substantial, signs Of i'm
Wrasing times hut Al tho Same timo tho public
AYE warned not 10 be too sapgulna. inhsmuch
as the had harve8ts Of last season md the gem
eSally deficient 1rops on thnG n'inant still con
stitute forui Liable otetanles 10 Tho nutiaipations
I'M continual Improvement. The Times adds:
we arc dieposod 10 think that tho improve
sient has gone 40 far ns not IT, hn costly arrest
al: ina addition IL general purchasing power
which comes from II should outweigh the
Elimination which IL duo tn had lHrveaa. but
there Ii certainly aSary need still. on tho part
MT Hl a4yaRrr tn the country, Of tho utmost
patience. tnau4try and self denial. Tho time
1ndutged III without sevnre aud almost fatal
penalties, or when anything ,"ss than tho Ut
Tla-t vgilaH"" l. required on the part OF our
snershEnta aud traders
The Daily News and the lending Manchester
Jaurnals We also Observe have articles III n
stpsilar vein. Tho prevailing feeling may he
Summed no as moderately hopeful, md exempt
sartaiuiy from the widespread desponicncy
which characterized the situation nj the COM
REeRaement Of the Year.
W.. C. WATTS \ CO.'S WEEKLY COTTON
REPORT
Wo3re Indebted to MI. u. A. Given \ Son.
Deear1b0r ri.
to Position Eit.-The feeling 10 this market
this week has bnnn somewhat nnseftlod. and
controlled mainly lay the operations In futures.
SYM toma nj pause. which manifested them-
selves iii the previous week. were apparent
carly this week. but wera asHin dispelsd by an
onward movement in Nnw York. AZ sharp as 1t
Nyas unexpected, and hy heavy buying here on
Amari&Hn account. With occasional checks
sne advancing tendency continued Tor some
days eliminating on Tuesday last. whom md
SxslG rAn iplfXartAS II
This market stitl derive It's main support from
AmerieR, md in itself was only halt hearted.
3Ioso on Tuesday last showed signs
of Wfaknres. Operators horn took
the aiarm at once. The pressure to sell during
tire uAs+ lew days has been very great and 0c
seast99Hi3Y The eagernesa ~ realize has horderoa
0n pnnir 4 sharn decline IA nrices, ensuei,
&nd tbern Vnrr SELLERS yesterday Of deliveries
1t 5-iii below the highest point touched two
days before Eto spot market has follower tho
R1ovnm"nt in tuturea out of sympathy. and ha9
veeaded Ifd Ia quotations but really '.d TO
S-13i. 4 we compare the prices ohtntuable early
IN the week aud thpae accepted TO day. There
a. some recovery oT tone to-day, hua the atti-
Cude ~ the matkrt Is ono Of nervous waiting.
Tho present sharp reaction has shaken the
Saith III may HI the stability OF present prices.
aud Il Will rc4llra a ittie time even under
favorhhe conditions 10 restore 1t. whlle II
would be easily upset further bY adverse eondi-
+dons.
sninners Ia their barring toward this market.
Ea the recent a6ttyity anu bunyaney tn futures
TdS n II E'Snpd nolcN. BNEerS In Manchester
1ave acted With great caution and have np-
pareutig afyen little heed 10 the ebb and flow If
spocula iNa excitement in Liverpool. Those
operating for the East find no adequate re-
Spouse in thoss markets TO the rapid advance
lately established in Manchester. and are there
Tore compelled u enrtail their purchases pretty
zfuch to the execution of actual orders Ia baud.
sninners In this market have bought steadily.
nut In q quiet way. ami have of late shown no
anxiety ~ stock themselves to any extent with
cha raw mate, ial. Ia view OF the stropg reports
t~nmfng from Manchester for some rfme past
and tbs large forward engagements undertaken
ny spinners. strong expectations had been
sormad here that a period ct very
active trade buying would be witnessed.
such rxpeetH tions have not been
r9aiL:et, ana soma Disappointment Is the "a
snli Their position is no doubt still strength
asred NJ some extent by purchases made
eanle time ago IN the American markets
and also of cotton aflolt and for future
delivery at low prices. ard when such pur-
ssanses cou 4 hs advantagenusly made. as COM
vared with prices ruling in our snot market
We see in the large quantity tt5,2so balesl for
,Eardea direct TO mills this week some eNplana-
der Of the policy pursued, They have thus
Rsaen enabled TO keep down the daily sales here
WY very moderate figures, and yet have secured
q weekly supply Of t5,o7o bales. This feature.