The Liverpool Standard and General Commercial Advertiser. — 1849-07-31 (Liverpool, Merseyside, England)

THE COTTON TRADE.  EXCHANGE NEWS-ROOM.  In the early part of the past week our Cotton market was much excited, the accounts by the steamer from America continuing highly favourable to holders, arising frome disease amongst the negroes and every appearance of a late and short crop. As we stated in our last publication, spinners had secured an accession to their stocks of a fortnight's consumption, and the accounts subsequently received from India not being quite so favourable, though of a temporary nature, arising from the lowness of the rivers preventing the natives from bringing their produce to market, and exchanging them for manufactured goods, caused a slight lull in the Manchester market. Manufacturers availed themselves of this temporary check and kept out of this market, hoping that their doing so would frighten speculators, but yesterday and to-day there has been a better feeling, and prices close at the currency of this day se'nnight. Should the trade persist in this line of action, and starve themselves of an ample supply of the raw material, they will commit an act of suicide to their own interests which they will most assuredly rue. The accounts from the Continent are daily more assuring of our having. at all events, a few months of peace and industry. The blockade of the Elbe will be raised in a few days, and the differences between Austria and Sardinia are in a likely train of being amicably settled, if not already accomplished. The import of cotton will decrease weekly, and, with the unparalleled consumption, not only in this country, but in other consuming countries of this article, a considerable diminution in the stocks must inevitably take place, and nothing but a very considerable falling off in ,the consumption, which is highly improbable, from present appearances, can check an advance in prices. The late rain, though heavy in some localities, has done no harm to the prospects of an abundant harvest ; but, on the contrary, has been highly beneficial. The money market continues easy, with every prospect of its remaining so, and there is every prospect of our having a good autumn trade. The steamer Canada, from America, has arrived, after an unprecedented short run, and brings a week later accounts. The receipts had again declined, and the crop will most undoubtedly be under our estimate of 2,700,000 bales. Prices had advanced another half-cent, and the general impression was, that under the most favourable circumstances the coming crop must be a moderate one. The stock of cotton in the States was much reduced, being only 173,000 bales, against 239,000, not taking into account the balance of the crop in the interior, probably some 20,000 bales, and the shipments to England were very small, being only 9000 bales for the week, so that the season may be considered closed for some months to come, and the question of a supply from America set at rest. The shipments were comparatively large to the continent, being 5000 bales, and it is a remarkable fact that exporters took out of this market last week 7000, thus showing the great requirements for the manufactories of Europe, notwithstanding the troublesome times. Further, this is the cheapest market for American Cotton. Fair Boweds are worth 5d., and fair Orleans 51d., whilst by the present advices from America they will stand 51d. and 51d. lb. On the Continent prices are advancing weekly, and rule above our quotations. P.S.—The overland mail is just telegraphed, and the accounts, as we anticipated, for our manufactures, are decidedly more encouraging, both from Bombay and Calcutta.