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Received his letter; gives him a copy of his compilation from the Board of Trade returns [not present]; if they look at the Oldham Strike as equaling 50,000 bales, the figures show that the production this year would equal that of last year; this is in spite of the New Factory Act which reduces the hours of labor more than three percent; the demand for Goods and Yarns was not up to their present weekly production; was surprised at the price of "Spots"[?] at Liverpool; thought the price would not decline until January and February; the receipts at their ports cause mistrust of the reports of the National Exchange and Wash[ington] Bureau; a lot of their exports have gone to France and the Continent; Liverpool is getting more than the weekly consumption of American [cotton?]; the importers do not want to hold stock. 2pp. Cy[?] of ALS Bears N, undated. Indicating that the document is for [?] Mrs. Selley [?] to/from James Maury. 1p. Including Ts of D, 1 p. Bears TN, undated. Giving information about item. 1p.