OCR Text |
Show Influence of Manchester Canal. ' A London correspondent says: It is evident that the Manchester Ship canal, which will open on Jan. 1, will obtain a large share of its business from cotton carrying steamers. The managers of the canal say that several steamers have already al-ready engaged to bring cotton from New Orleans and Galveston to Manchester direct, and 323 spinners, owning more than 20,000,000 spindles and consuming about 850,000 tons of raw cotton yearly, have signed a statement booming the new route. They pledge themselves to give preference, when buying to arrive, to cotton shipped direct, and when buying buy-ing on spot to cotton imported direct and stored in Manchester. |