The New Orleans daily Democrat., 1880-02-29
W. C. WATTS & CO.'S LIVERPOOL COTTON
CIRCULAR OF FEBRUARY Is.

we are Indebted to Messrs. ID. A. Given d
Son for this f0pert. from which we extract the
following:
The Position. eto.-The advance in prices here
this week has been due almost exclusively to
the tenor OF advices from Manchester. That
"a enormous business has recently been done
market IL inclined to pause. for the following
reasOns:
are now making. We have called attention to
this point IL several Of our recent reports. But
at one lime may soon become an element OF
weakness. For instance. II takes, We are told.
about akd p.r pound % 70 convert MiddinR Up.
first ten months Of 1879 the margin averaged
only about AID per pound-that Is. for tA enty.
wo months gHr sn, spnns,s were osins sb9, NJ
or Gay llxd. against 7kd for niidline Upisnds.
margin Of 4kd. or clear profit OF 1kd per
profit they have made 1t any time within the
last ten f ~ ysars r. and Rerhaps too good TO as,
vance IN ihe latter ID not impr. battle. This may
pe 90. There ". however. another view of the
qthsshaon hs ~ y Which ~ should b. borne 10 mind
last three moDthis-and the Improvement in
trade commenced ab )ut the fr.t Of Ncyenber-
sggrated 81 470 900 lbs against IS e95 900 lbs the
corresponding period last sesson. an increase
10 quantity Of only AKA per cent while there
ption is that the rapid advance In value
e nay ~ oe 2. largely due to speculation and Il 80 II
tor may De offered. sooner or lAtsr, Tor resale
Ia the Manchester market which would have
very depressing Effect.
3. The stock In the American ports and in
terror towns was on the sixth instant 1870 900
bales. against Os2 ono at the "a pe date last year
an increase lease 1f 25s;o.o bales, Against this In
deficit there may now b. In III supply If cotton
sttil On plantations. ~ compared with last year
At same date: Such deficit is. however. an un-
known quantity. matter about which opinions
vary materially. American sptnners, too, hold
very large stocks; their takings from the ports
ana overland; for The five mouths ending tho
against 72s 900 same time last season, an 10.
crease of 43s 600 bales and allowing fer any
during the last five ,montbs. w suppose they
MI must have held on the thir,y-r. ultimo fully
Geo naes more tnan II same date last
figures that the American markets. have with.
In the last fortnight advanced only about i6,
This. It should be observed. has brought The
American markets closer to q safe shipping
point than for some time past. and hence W.
Our epinners have now large stock. We
estimate that they now hold 2ls. 900 bales or ex-
Besdea i 1T Ny
and no doubt true. that they hold more cotton
In 10 the form IN Of contracts for future delivery
On the other hand, we still think Il, that the |
American crop OF this season will turn out l.aa |
thai the present popular estimate OF $500 600 |
bales. (2) The Bengal crop Is now repor I'd to |
De small. and we see no reason to change the |
opinion we Expressed In our report dated |
thirtieth ultimO. namely. that any increase |
there may be- IN the shipm nts from Bombay |
this season will b. nearly off-et BY decreased |
ehtDment from Calcutta. etc. 81 Our imports |
from Brazil ana the West Indies 50 far thia |
year amount to only 2o.6ss bales against 80 $50
same time last year. ami It Is now thought that |
supplies from these sources may this sea
son fail short OF last season. AZ The threatened
strike ut Oldham has. ns anticipated In our last |
report. been settled. The masters there, as at |
other towns. are granting some increase OF |
wages to the operatives. hence there is not like
" to be any trouble on this point, In fact We |
incline to the opinion that the consumption Of |
cotton In thia country Is gradually increasing |
and tS now as large. II not larger. than ever |
before.
Some stir was caused In our market TO- day BY |
the sale OF l5 600 bales Of Egyptian cottons on |
of their relative cheaGness: for instance while
MiddiDg Orleans is now I'd per pound dearer
than one year ago. good fair Egyptians are N |
per pound lo,cer. Besides. spinners OF the 1ner
counts ri yarn. as We pointed out last week, are
asing most money.
The following table. compiled from the Board
OF Trade returns. shows the export OF cotton
goods and yarns from the United Kingdom for
last month. aud for same month Ia 1879 and 1878.
The figures are given In 1OOO's yards aud pounds:
One month ending Jan. 81. 1878. 1879. $780,
TO British lnola....... 1913 l74 84.228 1885. 1853
M 9 CHINA and yanan.:.... 2s.l2s 4s.27o 4s 1872
To United states and Can
XH,