An active demand has been constantly kept up all the week, and a large
business has been done daily. So far, however, it has been freely met by
the holders; and the speculators and spinners have had an abundant
choice of all qualities.
In American descriptions there is but little change in prices; the
tendency, has been and still is in favour of holders; and it has been
thought necessary to raise the quotations of "fair" Uplands and Mobile
to 4-7/8d.; but there is so little actual change, that for the most
part, the quotations remain as before. Brazils, Egyptian, and long
stapled generally, have been more in demand, and may be considered 1/8d.
higher. Sea Islands also within the fortnight are 1/2d. higher, making
an advance in the ordinary to fair qualities from the very lowest point
of 1-1/2d. to 2d. per lb.
A considerable part of the speculative business of this week has been
prompted by the accounts from the United States, brought by the
_Hibernia_ and _Great Western_, the tenor of which is to confirm the
previous impression as to short crops.
19,800 American, 100 Egyptian, and 300 Surat have been taken on
speculation; and 1,000 American, 300 Pernam, and 200 Surat for export.