The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1880-01-06
w. q WATTS h CO.'S WEEKLY COTTON
REPORT.

We are Indebted to ME-. u. A. Given n Son for
the following Liverpool cotton report Of De-
cnmhar 10 1870
7he Position. etc.-our market early thia
week suti stea a sharp relapse, due mainly 10
tho heavy receipts ut the American interior
towna for the week ending on Friday last, and
to the weakness In the New York market. Thia
decline was alse helped 10 acme extent by
ser and The Eastern exchanges, inactivity IN
Manchester. aud hardening money ma kat
towna for Last week $4,000 balas. lnaamuch IA
they showed ma increase Of II 600 on the pre-
vtous week. attr,oted serious attention both
dictate continued large receipts nj the ports for
come time TO come, and for THE II waH feared
this market was NOT prepared, Confidence for
some days was almost completely lost. aud
approximations ot further decline. more or
less SERIOUS, we're widely entertained. Bati.
mates OF tha American crop. which have ranged
from 4suo,eoo % s.51o.ooo bales. we're modified 20
this extent TINT tho larger figures found n
larger numb T of supporters. When about tue
worst New York came to tho reacue. aa it has
often douA Of late, The buoyancy there at the
cloae On Tuesday last, and tho receipt here of
heavy ba,ying orders from Awsrsa. caused
partially ut least, restored confidence. Az the
moment the tone ie trm. but a little, apprehen-
stva. Should the crop movement In Amal len,
al the ports aud Interior towns ahow IN early
and decided falling oil, pre- ent prices would DO
looked upon ia aaie. but should the rertod OF
smaller hgures ha nosinoned. 2 break Ia prio4a
here might ensue, the immediate future ct tho
market will therefore be- mainly controlled by
American advicea ae the course OF rsceipts for
the neat few weeks will largely determine the
crop estimates which the public will settle down
upun. The great excess In receipts 30 far over
the same period last year. although IL may be
no correct Indication OF the extent OF the crop.
vet fts influence on he public mind Ia great.
The excess up To date OF 100000 bales ~ fact.
while the question "a to wnetner this will be
improved upon. maintained. diminished or
lost altogether Ia problematieal, Meantime the
errAtic movements In the New York market arc
ala hhf inf nj n,Ntt Ia
greater readiness In this market 70 respond to
decline than to an advance there, In other
words, that there 10 leaa iaherent strength here
than there was anfue time ago.
The passive attitude Of Manchester. to which
we referred III our laat weeks report, IA still
maintained. end is not without its Influence on
the situation here. During the period OF buoy
ago stocks were cleared out. and buyers. under
the stimulating influence Of the advent OF u
general revival In trade gave out largo orders.
and prices advanced rapidly. There IL rather
n feeling now that the movement WAS n II tie
oNerdpne. and the response in tho markets
abroad FOR goods haa, Ia the interval. not iusti-
tifed the expectations formed during the
time OF new-found activity. Hence there ia
now a pause in operations OF magnitude. and
business Ia restricted 70 retail transactions Of a
miscellaneous character. During the past week
owing to the reaction IN cotton, producers have
been eaai, Z to deal with, but this has failed TO
lead "a much increase Of business. Buyers III
sfr1u Instances surrounding their own position,
are also at present greatly influenced by their
notions az 10 the future of tbs rAw material,
and on his head the heavy figures OF receipts
AT the American ports aud interior towns in
srire them with additional caution.