{"newspaper_name": "Washington telegraph.", "edition": "01", "page": "p2", "byline": ""}
{"character_count": 2310, "word_count": 392, "ccnet_language_score": [0.9592000246047974], "ccnet_perplexity": [1565.5], "fasttext_language": ["en"]}
We are indebted to the kind attention
of our New Orleans friends, VIM. David
son d Cos for-ihe following late and graii-
fling intelligence ia relation tc the cotton
market.


ANEW oRLEANs, March 90, 1915.


w. II. ErTEg, Ese.


Dear .Sir:-When we last addressed
you on the eth ult.. adyices OF somewhat
discouraging character had just been re-
ceived from Liverpool, which had checked
the demand for cotton in tbs market, and
produced slight decline in prices. The
depression was, however, of short duration.
Holders, who, for some time prior to the
receipt of the "aibernia's" news, had
very generally refused the terms offered
by buyers. in expectation of an advance in
Europe, which would have acted favorably
upon the value of the staple on this side;
determined TO realize their stocks, which
had been gradually accumnlating, on the
best conditions obiainable. and extensive
sales resulted at reduction from previous
quotations az TO &c ID. The market be-
ing relieved by these transactions inme-
diafeiy recovered itself. and 4 steady bus-
ness has since been doing at improving
prices, which are now better for all grades
by fully lb. than those current at the
beginning of last month. Ordinary cot.
tons are bringing at present ct a g.; Mid
ding and Good Midd.ing Gi Il; Middling
Fair ~ n 7a and strictly Fair s a 81.


Tho high rate of European Freighis,
and the consequent difficulty of efiec;ing
shipments, has tended to curlail operations
for the last day or two, but The obstacle
will cease on the fresh arrival Of shipping.
when our large buyegs will return to The
market and resume their purchases at
going rates, which. from the confidence
that now exists in the staple as safe
means of Investment, will, no doubt, con
iinue to be firmly sustained.


The great falling of in tie receipts of
cotton at the different shipping ports,
amounting already to upwards of 500, 600
bales compared with those of last year,
renders it evident that the present crop
will not reach even the more moderate
estimates made Of its probable extent early
in the season-and this fact. known TO
European operators, viii, in ali likelihood,
induce the transmission of orders by the
next steamer at higher limits than the
prospects Of the market have justified
hitherto.


We are truly, dear sir,


Your ob't serv'ts,