The New Orleans daily Democrat., 1880-04-16

This point there was rather sharp aud sudden
declina uf "a per pound. .caueed by the week
Ing here on American ACCOUNT. apinnsrs also
ness ness OF q Ganehasier. The lpwsat point was
{. ssd waa taken for june delivery. but ppot
eotton. was much better maintained, oylng 10 2
sa spsa sssa hbs unasus a
seen OF summer deliveries, three or four
months dis aht. selling below The spot prips.
commanded premium. generals not less than
brought In some, speculative demand: q little
lne splnnefs e. buy tnore freely. and Ia three
days the market recovered kd on the SPOT and
Nd on. deliveries. toncchine 1891 Tor June;
Since then the prevailing tone haH been one 81
especially, since the Easter holltiays. and With
snspla as from e have espsed q
tically 7ad on the spot and 7.sa for June de-
livery. .....,
The Mancbea.eI market during The pasat a.
bSossaep snn MI sspayed aulns the TWO preyoas
months: business has been amt Ht at stand.
still and yarn has denlinea consderahly per
hapH on the average A@td per pound from the
hishsst ,noint: cloth. has not given way go
much, which. was to be expected from the eir.
cumstahce that II did not advance nearly 80
much there has. however been quite a pause
Ia the demand fol. elpth as well as. yarn The ae-
counts from india have. been dlsappoini!ns
plcss thas assebns sesw n eys n Ma
until the large operations they entered Into
come time aRo are liauiiated: at the came time
pressiun r In Msaebester the heavy engagements
entered intn have not by any means EXPIRED
and the bulk Of producers occupy quite an in.
fnielgb ath hets are at all Rlutted br recent lib
efal supplies, and II is thought hat ere long a
moderste eensmtnptive demand Will again be
felt.
How far these antlelpaions will be yer fed
Remains to be- eeen but ws must state thht in
suite Of the large production which has been
going ON for some mouths there is mn under
tone Of strength In Manchester that looks
healthy, and there is no etEn at present OF trade
befpre this movement eouimenoed.
The consumption OF eutton keeus very large.
but the closest inouiriss seem to Indicate that
can scarcely Y at al exceed 30 goo 1,a baiss o.
per week IL 400 pounds. This Will fully es.
hsust the capacity of The spindlee, and cannot
Hpeaking genera ", Manchester is still free
from stocks, though here and there goods cult
alb q for the Baet are beginning to accumulate.
has varied little. and the tendency has been to
support the bank rate OF 0 ter cent. the I'm.
prove ment Of trade hos not yet caused great
preaching when higher rates will rule, The
general revival OF eonadenee will undouhtedlY
cause eebemes to be launched which Will ahs
SO, b our sur, luH capt. i sooner or later.
The prospee of our market at present DO
not Invite Any special comment. the Interest In
the American CROP he's subsided and speoula-
items about lie extent have ceased to engage at
eption. The movement Of receipts during the
past month .was less than expected. Just as
tba sess w IL
s 500 oeo and 100000 From India the supply
promises. to bs more THAI expected. The BON.
bay crop is evidently large one. aud its quality
| a
character OF Indian cotton of late years iS quite
remarkable. some OF the Rrowths being now in
to American. FROM the east eide Of India the
supply Ia smaller than last rear, but upon the
whole It seems not unll kelly that Inhia will ship
general aspect of the cotton supply question is
much az we described It In our last. There is
little enough to carry us through the year. and
scarcity as we Experienced last autumn. The In
1uences that will weigh noet upon ua as the year
are hs q
pretty evident that o great Increase oi planting
take place IN Amsrss ths year Planters Ias
from this crop: i would have paid them Iairly
snesy G " d tie aow s
how rapidly they can Increase any CROP that
pare well, az, for Instance their wheat crop the
fore. be aurprised 10 flnd that already an in
creased planting Of 10 per cent Ia talked Of.
There is atso an enormous expenditure going
appliances, and we beiieve the preparations
made will point to crop OF goo next year,
provided the seaeon is favorable On the other
three good seasons consecutively In America,
and u Will DC against all the rules OF probability
that we should have q fourth. and we might
gain from increased planting.
We must not therefore be TOO confident OF
pasng into eFon ths Of psaty ne1 but
to inspire eautl lon in estimating the future OK
&c deeps
trade-brings the remote pros poets OF the mar
bet to act with great force on i,s near positions,
and we may aaiely antiepate that II the new
deluged with sales of October November ship.
ment at mueh below the spot price; at anything
M to- be w m
The next point is the state OF trade In Man
chester; i. It is passing through Inl just now
way to fresh activity. There are o sure indicae.
tions which way the tide will turn: at the mo-
ment we lean to the opinion that a further do
resumed Yet we do not think there is risk Of
severe depression: ali the leading trades In the
country show pretty much the. same features
time Into speculative excitement and an un-
healthy advar ce In prices. From this there has
been general reaction. and prices, especially
in metals. have declined considerably from the
hieheet point Yet there is no indication OF de-
preston visible:. the Improvement seems solid
aud genuine, and apparently the country Is on
the threshold Of a time Of prosperity II we are
blessed with good harvest this year, and the
world remains ct peace, prospects are decidedly
hopeful. We therefore incline to think that
this market will receive fair measure Of sup
port from Manchester. and we may count upon
a full consumption Of cotton all this year.
Balancing these various Influences, the pres
ent price Of cotton seems reasonable. and no
very great change is probable at present