Northern Times.
Liverpool, Merseyside, England, 1857-10-12 00:00:00

COTTCX.

The monetary diflicul ics pr,vailing throughout the United
States at this moment are beginning to influence the cotton
trade. The American spinners hive not diving the past year
been nb!e to obtain an advance on their manufactures com-
mensurate with the advance in the raw material, most of them
tind themselves with large socks of gro Is on hand which can-
not be turned into 'cash, and have therefore hen compelled to
co to short time, or as is the case in many instances, closed
their mills entirely.
Th 3 demand for cotton from this class of buyers, which at
this period of the year in all the Southern markets is generally
very active, does not now e.x:st, aml must be very light for
some maritEF.

•
The American shippers to foreign markets would be willing
to some extent to ergage in exporting to Live. pool, Havre,
and elsewhere, but the agents of foreign houses in this city not
only refusa to make advances., but have sent strict orders to
their correspondents at the South to make no engagemen
until money matters assnrne a better po=itien..
These citcumatances have uaturalls lift the cotton markets
very muci under the the control of the English spinners and
manufacturers. We 'have abundance of orders on hand and A
large business 'CC oal.d 'be transacted at New Orleans, where the
bulk of new cotton so -far is being received, hut for the diffi-
culty in selling stealing bills, and thus the wheels of the trade
are for the moment stopped. The only buyers being checked
in their operations the cotton will be stored in Senehern
markets on planters account, and must there remain until ster-
ling exchange -can be negotiated, or the gold sent. from England
and France to 'Fey for it. The positio.i of the cotton trade in
England, already suffering for want of stock, must be still
fat:her inconvenienced, since it is a fact that the exports 'flora
this country during the month of October, at least, must be
on the smallest scale, and that even in November wi;hOut a
speedyand decided improvesnent in the exchange and money
markets., hut a limi'ed amount of cotton can be -shipped. The
obstacle in 'the way of negotiating bills en England apscars to
be stalely e. want of funds'in the hands of English bankers and
agenta. There is no ':doubt or mistrust as to the security
offered.
The seetion market in this city is at a dead stand. Our
unsold stack is small, probably not 0 V t.r 5,000 bales, with
Out little on the way from the South.. It is impossible to
Vie '1: notations with any degree of correctness. NegeC-
ating 'mxchange on :London is entirely out of tho question,
and it is squally as difficult to sell for cash. It is a fortu-
nate matter frr thous engaged in the trade that the money
panic should have occurred when the movement of the old
crop-was consummate:l, and the new one net yet commenced,
The little stock now here is firmly held, and I have seen no
sales to warrant a change in the quotat;ens of last week,
which ate renewed, but which must be-considered as quite
nominal. The. sales since the 21st inst., including same par-
cels sent forward from first hands, amottnt to 3,000 bales,
mostly for Liverpool. The clearances during same time
leave been—le Liverpool, 2,870 baleal; Havre, 30 ; Bremen
466; Rotterdam, 67. Total, 3.433 bales.
The Southern markets, as advised by mail, show activity on
the part of English buyers at the highest prices yet attained
this year ; particulars are given in the repots elswhere. By
means of the telegraph we learn that during the past week
greater difficulty has been experienced in negotiating bills on
England, which has interfered with the buying and restricted
the amount of sales. This d fficulty will be further increased
at the South, and a serious obstacle thrown in the way of early
shipments to any foreign port.
New 0. leans, September 26.—Rec:ipts of the week, 19,000
bales; same week last yea-, 32,000 bales. Sales for the
week, 18,000. Middling, 16•10. per lb. Freight to Liver-
pool, Ad.
While, September 25.—Recrip's for the week, 3,400
hales; same week last year, 3 CO. Middling, 151 c. per lb-
Freight to Liverpool, 7-161 to #;ti. per lb.
From both places, 28 Its—Business at a dead stand from
imposihility to negotiate.
CROP.--Tee complaints from Alabama and Georgia con-
tinue. The plant is represented as shedding bolls, and
suffer:ng from a variety of causes. Opinions are confidently
expressed that no more cotton will to made in titers States
this year than last. From the South and South-western
sections of the cotton growing region, complaints are not
--so numerous. The general or avera_lo opinion on the
sue ject of the incoming crop, I find to be 3,250.000 bales,
if we have a fine month of October, and no frost until
about the 10th of November ; an early or late frost would
change the estimate, perhaps materially. I give this opinion
as the prevailing one both here and the -South ; but, as I have
had occasion to remark in my late circulars, no dependence
should he placed upon any estimate in fi;ures until after the
frost and its eft. et upon the plant is fully ascertained.
REcEIP a, EXPORTS, &e. —The receipts at this port during
the past week have been 14,000 bales, against 34,000 during
the same week last year, and 57,000 the year before. The
backwardness of the present crop is thus fully confirmed. The
export to urreat pritain for the week is 4,000 bales, chiefly
from New Yolk. 'There is nothing yettexperted to France.
The following is a statement of the movement in Cotton
since the Ist September last, as compared with the pre
vious four years :

I
Receipt., at the Ports 22,000 (4.000 i 28,000 38,000
Exports to G. BritainB,ooo 8,0 I) 45.000 19,' 0 )
•` France. .. t,POO 7,000 7 000

" other Fur. Pts. 2,000 5,0 0 4,000
Tots! Exports. .... 10,000 19,001 56.000
Stock 0, ~and ...... .28,000 77,000 174 000

5.00 J
31,‘
127.000

35,000
30,000
I,o' 0
8,000
39; Oa
87,000

Of which during the past week, included in the above :
Receipts at tae Ports 14,100' 34,000 57,0001 2),00(; 17,000
Exports tuG Britain 4,050 2,000 16 000, 5,0,0 5,000
France.. 6.000 4.0001 6.!'00

Rot:riots at tae Ports 14,100' 34,000 57,0001 2),o0(i,
Exports tuG Britain 4,060 2,000 16 000' 5,0,0
France 6,000 4,0001 6,',00
" other F. Ports 1 0001 1,0001 I,oooi
1
Total Exports 5,00 :1 9 000 21,0001 11,000

SllMMARY.—Receipts : Decrease at the ports compared with
last year, 42,000 bales. Exports : Decreaie to other foreign
ports, 3,(;00 bales. ; decrease to France, 6,000 bales. Total
decrease in exports, 9,000 holes.
Friztoia-rs are firm to Liverpool at 3-161 per pound., and
Havre at is . .

ExcHANozs are in a state of complete panic, buyers have
not been bond when cash was required at a low rate of 105
per cent. On Mon lay some few tran.,ctions were made a;
103 per cent. Yesterday is was even more dlffl.cult to nego-
tiate, and giod hills were iold a 9 lo v as 100 per cent. On
Paris the rate is nominal at 5 35 to 5 50.

The following are particulars of operations i❑ the principal
Southern marke,s sine my last circular:

NEW ORLEINS. —Receipts for th week ending S .pt. 18,11
9,619 bales. Exports to Bremen, 267 bales.
Tho week's busineas sums up lo 6,800 Mies, taken princi-
pal!), for Great Britain and Fiance. Piices gradually advanced
and close le to lc. per lb higher than qumed in our last report.
Freight to Liverpol
MonnE.—Rt c dpts for the week ending Sept. 18th 982
bales. No foreign export. Tlas market continued
dull oa Saturday without any sales. On Monday
30 bales were sold; on Tuesday 70 bales; on Wed-
n,sdey the trinslefor s am ,11!Itei to 150 bales, when the
accounts p'r Bal ;c arid Persia were received. Oa Thursday,
under their influence the market assumed more activity, sales
reaching 589 bales of which 309 were new crop. On Frday
the business was again limited, clos'ng firm, however, at the
annexed sates 125 hales. total sales for the week,
955 bales. Freight to Liverpoi 7-16 d.
SAYANNATE—Receipts for the week ending Sept. 241 h,
1,122 bates Up., 16 S. I. No foreign export,

The sales of the week amount to 413 bales. The limited
quantity of pew crop received thui far ranges from Good Mid-
dling to liliddliog Fair No freight loom for Liverpool.

CRAttLE,ToN..—Receipts for tho w(ek ending Sept. 21.1
990 bales Up., 40 S. I. Exiorti to Liveipcol. 500. U?
23 S. I.

The stock of colon is ve'y light, and the transactions have
been neceasarilly limited. The Ea) cs embrace aime 750 Eales
on a basis of I*. per lb. for poi Ilidaling Freight to
Livorpcml 4d,. W. P. WRIGHT.