The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1880-02-28
THE COTTON MARKET.

| tNeW IoFR Evening Iost, febTuHTy Ga.j
| 30 long crop estimates did not exceed
$3.50 900 to $50 600 hales the supply was more
| than adequate to no rcuuirements q tho world.
ana an acIive trade demand justified the eSpec-
tRtiOn on a material advance; but when the
prospects for the ultimate result OF the crop
improved continually. the aapcct took differ
n nd oes OF
| even the advance In prices since the first "
January. amounting at Liverpool to IA and
and here to w. js not likely to be maintained
ID fact. part Of the same Is lost already. The
position has changed entirely. Taking the
consumption Of all twelve months OF the seaeon
| at q high figure there ts plenty and to spare.
and tho European stocks. instead OF threaten
Ing scarcity IN the fall. will In oil probability
bales In 1879 and c55 900 bales Ia ls7s the greater
part OF which excess will show itself at Liver
| pool.
Because the continent has thus far taken
10000 bales lass than last season many expect
brisk demand from that quarter to make w
bales larger than last senson. and this Ia fully
equal to 100 geo bales American cotton moreover.
600 bales more of East India cotton. Thus even
with 400 900 bales lees from this country. tho
supply would beas much as Inst seas on. while
Russia. IT. Is therefore evident that our export
to the continent from this time to the end o. the
VIII not 1919 '1 1han ia as
coanFries loss. '' fhs total may Be- estimated It
be shipped to Liverpool than last year from
February al to August 81; or. putting 1t In
different shape. the total export OF the season
to Europe will be about $3.50 900 bales. OF which
the continent will receive at most 10000 bales.
| leaving 27oo.ooo bales for Great Britain. Ex
port to Great Britain until February 40. in
elusive of channel shipments. Ia 1879 900 bales.
There remain consequently to be- shipped
l12t, 900 bales, while export last year from Feb
ruary 81 to August a. inclusive of shipments
| to tho channel. was 100 600 bales. showing from
this time forward an excess Of 400 600 bales for
Great Britain. This fur exceeds Ill present cx-
peotations ut Liverpool.
II Middlng Upland should settle ut Liverpool
freight and less favorable exchange. at the time
when our large New York stock will have to 20
forward. does not net above 12Sc without COM
mission. and to this. barring unforeseen
Aud what will he the effect on futures. when the
large quantity OF actual cotton. sold for future
deliveries. Ia to be tendered2 Only very fsw
are prepared to receive what they had bought.
Mustit not sooner or later DO thrown on the
narke2 Nevertheless. It Ia quite possible that
prices will first DO worked up. and we will take
this opportunity to say that our reports pur-
pose to convey comprehensive view OF the
situation: they are not intended for short
timed ana we would request our
What follows will show the changed position
regarding Liverpool. On January 3 1t seemed
rs II stocks there at the end OF September
would be 10000 bales more than last year. Now
aud more. rs spinners will then In all proba-
bility hold less surplus stock than now. when
It amounts to about 22b 600 bales. Ii 1t we're not
for their very large takings. greatly In excess
the following statement with larger stock
than 463 .0oo bales Much OF what ls now out OF
sight In Manchester would otherwise appear In
the Liverpool stocks.