The New Orleans daily Democrat., 1880-04-13
w. o. WATTS h CO.'S WEEKLY COTTON
REPORT.

We are indebted to Messrs D. A. Green Sons
for this report. from which we extract the fol.
lowing:
The Position. eto.-We pointed out in our last
report that such grades of American Uplands
as could be rendered on contracts. were com.
American were In limited demand and prices
In u great nneasu nominal. This scarcity of
grades which could be rendered on contracts
there might be corner here on March de-
liveries; and If q corner In March" the aues.
on was might there net T. not
away, for March deliveries close sad below spot
lyshow the subsideoce' Vi any apprehensions
that our market might be cornered." for
months to come. than the fact that deliveries
next, when the stock Of American here will un-
doubtedly be reduced to low point, can be
bought at about spot, quotations.. II we take
into account the fact that 1t would cost Nd to
6-16d to hold cotton from now until September,
it shows. most clearly. the prevatltn. want OF
confidence In the maintenance Of present
We mentioned last week that the demand had
for long time been running on clean Tplands.
particularly the lower grades Of Orleans and
Texae. had been so neglected that quotations
were almost nominal. This week there have
when compared with current quotations. aud
the result has been rather more inquiry for
euch, and acorresponding failing or IN the de-
mand for clean Uplands.
The deliveries from plantations In America
were last week, Al 900 bales, against 1000 same
week last year, aud the receipts at the ports
have 80 far this weeki been slightly larger than
last week. We have reports that the Southern
rivers are now falling. aud that there Is no
longer much danger OF serious overflow. We
are assured preparations for the new crop are
some two weeks further advanced than last
spring: that planters have purchased about
double the quantity of fertilizers that they did
last year ana that there will be q large increase
already have talk OF six. and possibly 100000
bales In America next season. 1t is impossible
to Say how far these reports may al ready nave
depressed our market. but we should say their
influence has been slight On the other hand.
the past winter Ia America having been very
correspondents In the Soutnt rn States seem to
expect q cold and wet spring. which would un-
doubleday, should 1t occur. greatly retard plant
ing operali ions.
Our market will be closed this evening. and
not opened again until the thirtieth insf ant
and. alter thar, for nearly two weeks, we will be
In the midst Of the excitement growing out Of a
repeI al election of ne bers tor the new Par.
lament. There are many. very many, who say
We cannot expect any Improvement In trade
here or In NAL chester until the holidays and
the election are over. but that then We may look
for revival. This remaius to be seen. 1t has
net unfrt Quently been the case that when the
majority ARE looking forward to revival at
certain uaI G that there l. as been good deal OF
holding on In expectation OF the revival. and
IL this does not come promptly there is in-
creased pressure 10 sell. -
II strikes Us that at the nome Mt one OF the
most pertinent questions as bearing on tins
present posi- ion AEd future proe Deots OF our
market IL th,s: From what source are we TO
expect an early improvement In the demand ior