The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1880-04-06
W. @. WATTS b CO.'S WEEKLY COTTON
REPORT

LIVERPOOL. March 10, 1880.
| The Position. etc.-The most noteworthy iea-
| ture OF the market is that. notwithstanding the
extremely small spot demand prices for the
leading grades of American. and for near de-
stance. the trade have this week taken from
this port 4s 600 bales, OF which q $50 were for
warded" leaving the spot sales only. 26slo
Quoted Middling upands' at I'd: yesterrd Ss
they were down, TO I'D but to-day. although
the sales-trade. speculation aud export
vanced to Sled. Why Is il so : The most
reasonable explanation at which we can arrive
The trade demand for the last six months has
Uplands-ong grades about Middling. Last sea-
portion than usual of the lower grades Of
American. and In consequence these were
forced to relatively high price as compared
were forced to use the better grades. So far this
season the better grades have also been rela-
lively cheaper than the lower grades, Hence
| IL 1s SUCH cotton as can be delivered on con-
tracts has become marvelously scarce here CON.
sfdering the, stock we have on hand. Thereiis,
| however. large stock, of such grades at New
York. probably 100 900 bales more than at this
| date last year-a large proportion OF which will
probably come to this market. sooner or later
and relieve the pressure.
On the other hand, the lower grades of Amerl-
e Mls an, and particularly Good Ordinary and Low
Mtddling Orleans and Texas are accommodating.
salable. and prices have been almost nominal /;
but they must be sold, and 1t looks as IL they
must come down to price that will induce
spinners to use them. and the more surely does
this seem to be probable when we consider that
the great bulk Of the stock now in the Southern
consist very largely Of these lower grades
should this be the case. It would lessen the
trade demand for clean Uplands. and tend to
AT Manchester there has been almost utter
stagnation this week. Quotations for the lead
Ing counts OF yarns have been generally re-
n n Il no md hr1tx
sured sales nave In many instances been made
at greater decline. This condition of pust-
mess In tha market aee9aats for the extremely
this market. But there are those who think
that the recent rapid decline In, yarns-now
Of last month will check the re. sales by specu
lators. and furthermore bring about some in
crease In the home and export demand. On the
sold at loA per pound-the lowest Quota
tion-spinners could afford to pay pres
81 ent 5,s SPOT prices for Mddling Gplands
pound profit; and that so long as this is the
case the production of yarn will continue on so
large scale as to exceed any legitimate con-
sumpt1ve demand; and. furthermore it Is said
and we ourselves are Of this opinion-that
even at the lowest quoted price for yarns. the
Leading classes Of goods. such as 81 pounds
present prices without loss. 1t Is because of
this loss at which manufacturers are working
Lyme and Staylebridge for Increased wases~to
which we referred In our report dated fifth
instant-has been 30 strenuously resisted. Fur
strike OF weavers at Blackburn unless Increased
wages are granted them. Blackburn Is the
centre OF the largest weaving district In Eng
piled with yarn spun In Oldham. Should this
strike take place the effect would be to so limit
tne ou ~ r.. Of cloth probably to
would 80 materially lessen the demand for
yarns that prices would probably give way. and
cotton. In fact. we have now approacned that
% mild period OF the year when we may reasona-
o ~, expect. not only In this country but In
course OF business by strikes etc.
n Inc movement fo at the American ports and
pected. and the tendancy Is still slightly to re-
duce crop estimates. We hear also to-day that
some 30 Damage has been done In Southern Texas
We presume cannot amount to much More.
over. we have had reports this week Of the
CANCER to De apprehended from serious over
matters. considered In connection with tbe
hrmness of prices In the American markets,
hho oa the large stock on hand. have
week. -00' -o1 'N''
From Alexandria we learn. by telegraph. that
plat ting OF cotton has been damaged-will have
plenty Of time. We have often pointed out that
pendent on the condition of the Nile the pre |
ceding autumn. The Nile. In October of last
year, reached slightly higher point than the |
season before, and hence the chances are that |
Egypt WILL in lSs0-sl. furnish another very
large crop. Some say that owing to the good |
Nile. and some improvement In the Internal /
to 20 per cent larger than this season.
Silver, which at one time last week sold "a
low as 51&d for standard bars has this week
and closes at SKID oNN
The STOCK of cotton held by English spinners
We now estimate at 207 900 bales, against 1873 600
asst year, and $4,000 the year before.