The Sun.
London, England, 1853-02-22 00:00:00

THE COTTON TRADE.

We take the following from the circular of Messrs.
Browne, Hunter, and Co., of Liverpool :
Our market opened under a further advance in the
rate of discount by the Bank of England, but from the
previously comparative low value of money and the
beneficial motives which had actuated such a measure to
check undue and reckless speculation, also excess in ex-
port of bullion, which we alluded to in a former circu-
lar, the market experienced a good trade and export de-
mand, at prices which continued steadily to harden upon
the arrival of each succeeding steamer from the States,
with accounts of reduced crop estimates that had been
generally informed, and consequently an increase in flag
value of cotton. The advance thus established here
might be quoted at id. to fd. per lb. On the 7th ult.,
however, the Arabia's news was received, and although
it contained nothing of material import to check this
favourable state of things, the demand became less
general and active. This depression has since increased,
owing to the unfavourable advices brought per Europa,
on the 13th instant, of continued heavy receipts into
the ports, and declining prices. Within the last few
stutebrfdeeedli,ngthhoausgphrea concessionvailed
of about id.
per lb. from the extreme advance has to be submitted' and this dulness has
partiallydays a better
to. We quote Orleans ordinary 58d., middling sd.
13-16ths, and fair bid. per lb., which shows an advance
on all qualities of 3-16ths to id. per lb. on the month.
Great diversity of opinion still exists in regard to the
extent of the present crop, of cotton, as estimates are so
often varied in accordance with the weekly receipts into
the ports, that it becomes difficult even to form an ap-
proximation ; this we do know, howgver, that the total
receipts, including those of next week, will amount to
nearly half a million of bales more than at this date last
year, and from such an excess it is only fair to calculate
upon a crop of at least 3,000,000 bales, if not more, even
allowing for the unusually favourable state of navigation
at so early a period. The total import of all descrip-
tions since the ]st January amounts to 275,003 bales,
against 258,732 bales at the same period in 1852. Esti-
mated stock on the 18th instant, 605,060 bales, against
391,260 bales in 1852.

BRAZIL.—There has been fair demand during the
month, and full prices have been obtained, but holders
supplying the market freely, no material change has
occurred—we therefore repeat our quotations.
Egyptians, from demand, have also improved in value •
our quotations are raised id. per lb. The sales for the
month amount to 14,450 bales, and import 2,265 bales.
EAST INDIA.--We have experienced an active de-
mand, principally for export, and large sales have been
made, at prices which show an advance on the month of
id. per lb. Within the last week, however, Surats have
participated in the general dullness, but we quote no
change in value. Broach, 4,14. to sd. ; dollera, 4d. to
; compta and other inferior cottons, aid. to 41d. ;
Mangalore, 3id. to 41d. ; and Oomrawutty, 4d. to 44d.
per lb. Total sales, 20,510 bales, and import, 8,877
bales.

THE " WINDBOUND."—Notice has been given that the
Admiralty have dispatched her Majesty's steamers Vul-
ture and Magicienne, with stores, to cruise in the chops
of the Channel, for the purpose of relieving such of the
homeward-bound vessels as may be detained by the ad-
verse state of the wind, and which may also be in want
of provisions and water,