The New Orleans daily Democrat., 1880-03-24
w, q. WATTS 4 CO.'S WEEKLY COTTON
REPORT,

early delivery.
Our impresatcn. however, IL that when trad
at Manchester alackened of. some two week
ago aud apinners commenced buying spariug
| " here on the spot. that they also eeaaed. In
great measure. :? buy futures: aud that wha
comes under the head Of forwarded" will from
now on fall of quite rapidly: the change ma,
net be great for another week Or two. but 4
But 40 bearing upon prices for near dell
vertes there Ia another ahd much more impor.
tant featMre, 80 Il strikes ua. II IL this: price
In New York arc steadily coming down TO The
parity Of prices IN this market For instance
three months ago MiddinF Uplands. bought Ii
New York nt scot quotations. and sold here al
egot su o. % sss ss ds would haze
| nws the loss would have been aid v IL, ont
month ago the loss would have boon .1sd
whilst to-day tho apparent loss would Do only
rorters from New York 70 Liverpool as Va y
ID more favorable nnw than It was on the ffth
D ss Ths change s what
oan markets have been oyerstocked ana Liver
pool understocked.. Furthermore. the change
side and on this Il shown BY ths ssh sh,pmens on @
from America to this port this week which
amount to % 600 bales nganst ~ 900 bales same
shipmente this week have amounted to only
aa,oO0 against $1,000 this week last year. n
when tho heavy shipments now being made
they should be coincldent with small deliveries
to the trade. and email forwardings. It would
almost surely uapraaa uB,
written here ana AZ Manchester this week on
this point: and there is. as usual. a consider
able divergence In estimates. 1t IL. Of course.
mately accurate figures on this point. Our own
views are ~ follows:
]. AZ regards stocks held by American epln-
ners, We have as yet no official statement Of the
overland movement to mills lust month. but as
sumo that Il fell or In the same ruto ~ the port
receipts. that 10 about 20 per cent. and II 80 II
tnA Nn1, ,1..A
year. The excess In tho tak inRs by Northern
mills. from the ports and overland. was then to
the close OF February about $4,000 bales. or
been consumed III the elk months estimating
the Increased consumption for the year ut 25O.- :
ooo-which would leave them with stock On the
than at the same date Last year.
2. In our last renort Wa said our impression
was that consumption on the Continent .was
son d Co.'s figures of stocks held on the first Of
October last. and deliveries to the thirty first OF
January last, but we dissent from their esti.
TO - per cent larger than the corresponding
four months of last season, We would put the
increase at 81 per cont, which. We think full.
held on the thitty-frst OF January about 20 900
bales more than nt tho same date last year.
whereas =, Messrs Mes Ellison &C. made them to
estimates. Il should be borne In mind that the
continental demand is almost entirely home
LEAue uenAnu. that is, the export demand rep
presents only some to 10 per cont OF the whole
while the export trade OF England represents
some rs to rs per cent OF the whole. The re-
yival Ia trade In this country has resulted from
exports: the home trade has I'm
proved but little Considering the poor vine
crop In France. the poor silk crop In Italy. the
high prices for hreadstuffs all over tho CONT
nent and the perturbed state OF affairs In Rus
sia. we can but conclude that trade on the O0n-
tinent has revived as little and probably less
han our home trade; and II 50. then our esti-
mate. OF stocks held by continental spinners
may be too small. not too large.
8, English sptnners held on twenty seventh
llltmO, as per our own running count lO4 900
bales more than at same time last year.
!. TO sum up the whole. We suppose the in-
visible supplU at the close Of last month-subject
% corrections to which we have referred-to
have been 100000 to 900 bales larger than last
year ut same date.
There has been q strike this week Of weavers
It Ashton under Lyme and Stalybridge. and a
, oek. out at ohorley. The weav ara want five per
'ent Increased wages. which the masters refuse
Q pay on the ground that they cannot buy yarn
It present-which are about I'D per pound
iown from top price touched last month-and
weave II into cloth without loss.
The stock OF cotton held by English spinners
Ve now estimate at 222 900 bales against 128, 900
asst year. and 900 the year before at same
late.