The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1880-01-18

ready to convey to foreign ports any amount OF
Western producsshat mar be brought down for

| readx TO convey to foreign ports any amount Oh
Western produceshat mar be brought down for
shipment.
WATTS & GO. g ANNUAL LIVERPOOL orr
IuLAR OF JANUARY .. 1880
We are indebted to Mes r. d. A. Given n Son
for this circular from which we extract the fol
lowing:
| r. must bs admitted ha' The prospects OF sup-
| ply are now mncn more encouraging than ~ y
| were I, oar ago: but the dan Oh which aati-
| mates of tupplY are based arc as yet too tndeti.
| uita /" adult Of any dogmatJ uto faneaa on the
| subject. The first necessity to tho prosperity
| crop. and Therefore mnoh interest centres on
| the anss'i lon Of the : en- ~ the one noW being
| marketed. This question In b sci with pHraApa
| greater uncertainty ihan usual. owing TO the
great Disparity IN he catimates current On
h1 one hanh w@ hay ,ne ran ttn o. r. agr
which DO not encourage us to hope
Tor u crop exceeding that q l'st y ,,,
| IT commercial opinion committed 70 " orup OF
g.. tn bt, millions Of b las. with NJ Il pubt III
| siderable body Of believers Ia a muan smaller
auttlIrn How far tho latter ar9 influenced hy
| the bureau reports. and he former by the large
| rec4ipts II would cf course be imp0s-ib
| say The ernp. viewed through the medium Of
| the uort Receipts. certainly looms w y large
| une: Int we know from experiences thlt tho
| movement M T. this date COW. no liked pro-
portion Of the ultimate total. We will however.
assume that hero has bnen an increased nors
Aea and Tint the seaaon on tho whole has haen
fairty favorable aud that tho crop vii excsed
that VT lHst yaIr. suppose Rnt II NJ 9 $50 o
bales ~ Il basis Tor nommenf. Ihs wouli hs
| IN excess over last year Of 2iI09 bales. the
American consumption Wa Will place at 700.
| 600 bales. and allow 10000 bales 70 DO added 70
the stock at tho end OF this year which. consider
| ing the great prosperity 81 the trade Ia Amart-
CO. seems reason lbla. This uld leave avatla-
hle for EXPORT to Europe 600 GOD bales. against
| an actual export last seaaUu If g4G9,000. or an
| Increase Of 10000. Tho exHess In shtpu nts t.
Eti t..Fth a mr. gnu " N
| AL 900 bales 20 that by tbs calculation there
would he LAP 900 le4a available for shipment for
| tha tlaBoe VI The season.
The India crop for come time was most
promising. but we notice that recent reports are
| rather less glowing. Should tho actual Yield
| fai to come no to hrst authorizations It would
| only hs IN keeping with tho experience OF many
| previous years. AT present the Increase from
| this source Of supply is out down "a the pubic
| mind Mt about 2Dp.nOn bales, but taking into nc.
| count the unusually trge shipmenta last year
| from the Eastern ports Of lndia, which may not
be- repeated thts season. would incline 10
pitch tho excess nj nsmaller figure. A. all
events W. would not at present estimate the ok
eesa In shipments to EnrAne prior to tha mon
soon at more than 100000 bales over those Of
81 mp time last year.
The Egyptian crop Ia undoubtedly large
one the increases over lust ,agr being generally
50 imated 1T 900 no9 bReA The exoess III RI
ee'ps 40 far amounts to1 1ln 0Aa canttrs. and in
shipmonts 60 Europe 70 $4,000 b ,sles.
From BraZit. West Iadia and othcr minor
| souroes ~ aupplv orr Information l. very mea
gre. 30 far Brazil giyNs 70 promise of much
Il any inrrease sud wa think any oxoess from
these aouic NJ will be- triliug AMI ut most will
not likely exceed $4,000 bales.
THE POSITION AND rRos rEcTs.
Tho year 1880 opens npan much moro hope
fiji prospect III IN aha ita predecessor. Tho ra-
sival Of ptospetitY in Amarica during the past
year was loot cd upon as the hMh ngar OF bot
TOT timea and 40 II has proved to b. The great
y tfviy IN tho iron aud coal Industries there
gradually extended tn those Industries on this
side, and ptg iron. which had sunk 40 low IN 414
y -
and IL now at RTs 81. Other Branches of bust
peas began to RYmpAthi1a. and the long period
Of adversely se"mt 4 to have beeu fairy turneh
Speculation took courage. and. one atteE the
ohor. almost every article of commerce. WAS
taRen hold #. and q considerable general nd
vance Ia values resulted. while the stock ex-
nhangea showed great activity. aad y consider
able Imitation la the vi ues. principally of low
priced stocks. took place. Our great textile in
hustries. cotton aud wool were about the last to
be- affected by the changed aspeCt of affair BIT
durlng tho past three months tho recovery IF
cpnfldaUee IN thase important branches has
been very markei Il.
Although Cotton opens Mt 6'.d for bUdd'ing
uplands, or I'D pr found above tn" rrioes
ruling year ago. yet there is a fc"ling Of
greater confidence now than there WAS then. AT
the moment the tone IL quiet, md no material
change seems to be- Anticipated for mt le st II
little time, but We think tao balance Of opiuinn
leans toward higher prices as be year advances
Every now and then we have been visited by n
wave Of speculative buying from America and
50 long AS this continues il Will be difficult to
prevent dearer rriees. Manchester. too. Ia In q
II
and the tone there IL firm and hopeful. The
Eastern demaI q. which has lately been In ABBEY
ance, shows signs Of revival, and there IL a
steady general demand from mit cellaneoue
sources, The advance which has taken place
in all articles Of produce has no doubt In.
creased the buying power of produce eNp porting
G, untrtes. and stimulated business. II Is there
fore t. be boptd that tho signs Of better mar
kets abroad will go far TO sustain the improve
ment Manchester has already experienced.
The home tfade IL STU Tar from prosperous
although slowly improving. Tho def Il ent har
Y 4. low wages. md scarcity Of employment
branch Of he trade. Wages are etli low
al hough here and there some advance has
taken place: but employment il more general.
aud the buying power OF the wages earning
classes Is somewhat greater than 1t was year
ago
The outlook from tho point of Wow OF supply
ana demand IL pretty well balanced. In cur
summary Of prospective supplies we antici.
nated an Increase from nearly every source of
supply. Tits probable increase may be- esti- |
mated In round figures ut 100000 baoI for all
Europe. In this connection 1t will be borne Ia
mind that on the first Of Heptember last before
the new American crop began TO influence tho |
figures; thu visible supply had raen 70 Il dan
gerou4ly low point being about 190 600 bales los
than the small figures OF lie previous year. ana
about 67o.ooo les than ut the same date Ia 1877.
u will. therefore. require nil the surplus We @
likely to get TO fill NO tho gap created Ia the |
visible supply during the past two yeals. Then
we max q no DOUBT that consumption this year
will show an Increase over that OF last
II is always hazardous to predict inc
rate Of consumption. but In view Il the
present healthy condition OF tho trade con
trasted with the poor trade and extensive short |
time during great part of last year we think |
we are within The mark In estimating the in |
creased consumption over Last year nj 5000
bales per week for England alone. should the |
course or trade during the season justify pres |
ent hopes. and should wages disputes aud |
srikea be avoided. our estimate may be ex-
ceeded. SpinnerS commence the year Wi b only |
q mod rate stock of the raw material, viz: Ill., |
900 bales the estimate given hy the Cotton Brok-
trs' Association In their annual circular. Or |
down Eg which |
is held by the limited section Of the trade using |
that description. so thts leaves a very moderate |
stock indeed as held by ths trade generally.
The surplus Of shipments from America since I
September have all come to this country the
continent having takeu barely as much "a in |
tho previous year during same period. This |
feature can hardly continue long. The stocks
at the continental ports are very sma l. and |
continental spinnars are supposed to be very
bare Of Cotton. Il would. therefore, look as If /
they must soon be- free buyers either In the
Ameriean markets or In this. Il Is quite pos