The Sun.
London, England, 1847-09-14 00:00:00

REVIEW OF THE MIRKET.

At the date of my last respects to you, per Hiber-
nia, on the 14th inst., I stated that Liverpool buyers
were participating in the operations going forward to
a very limited extent, notwithstanding an easy freight
market. For a few days subsequent to the departure
of that steamer the market wore a quiet appearance,
as parties were reluctant to operate until the receipt
of later advices from abroad.
The telegraphic accounts per Cambria from Liver-
pool, to 4th instant, were received on Wednesday
night the 18th instant, advising of great stringency in
the money market there, and a slight decline on the
lower grades of our staple. The latter mail was not
received until Friday the 20th inst., and the private
advices were considered more unfavourable, as no
orders came out, and an apprehension seemed to exist
that the tightness would rather increase, and in fact
had commenced to assume a permanent appearance.
The sales which have been effected since have been
to the extent of 1,500 bales daily, and mainly to our
home trade ; and, with a large and scattering stock,
and an absence of export demand, the market has
presented one uniform appearance of dulness, and ex-
cessive indifference on the part of holders, except
where their orders or immediate necessities prompted
sales, which consequently, were made at easier prices,
to the extent of one quarter of a cent., to which I have
altered my quotations.
The quiescent state of our market is, perhaps, not
a matter for much surprise when the peculiar position
of the English trade, and the sud len and severe
pressure on the money market, on the eve of an ap-
parently abundant harvest, is considered. The new
steamer Guadalquiver arrived on Sunday morning
with dates to the 14th instant. The letters received
yesterday by her, as far as yet known, are confirma-
tory of the anticipation of parties here, and our market
since has exhibited no change in tone.
The accounts that now reach us respecting the ap-
pearance of the growing crop are conflicting. From
a careful analysis of them, I am persuaded that it is
in a very precarious condition, and that its appearance
now is decidedly adverse to a good yield. From some
sections we hear that it promises well, whilst in
others they have totally abandoned all hope of making
even half a crop. The plant generally looks well.
It was pushed forward to an unhealthy degree by the
rains in July, but it is large, long jointed, and sappy.
The forms and squares are falling from the stalks, and
it is not in a productive condition.
Thus :far we have no positive evidence of the ap-
pearance of the caterpillar or army-worm (the noctua
gossypii), whose ravages usually commence the latter
part of this month, and continue through the early
part of September ; but we have undoubted intelli-
ence of the presence of the bore or boll-worm, a
worm that perforates the boll, destroying it entirely.
These worms are now at work in the richest cotton
lands in South Alabama, in the Canebrake on the Red
River, Louisiana, and on the bottom lands of South
Mississippi, and have also appeared near Columbus and
Enfaula, Georgia.
Although not leaving such marks of devastation in
'he leafless stalks and stripped branches as manifests
the advent of the army-worm, this enemy does his
work quite as effectually, and frequently proves more
o f disastrous.utl
ht,
the siege.
ts he i
e oet.hTehrs adopts
euochne takes the cotton by a bold as-
sault,
isthe
shortness
mining, and
of
otherthe appliances
of
for the maturity of the crop, that all the causes which
favourably affect it must co-operate, in an eminent
degree, in order to insure an average yield.
Theonsuch
early plantingenffioint eon light
sandy
looks better than that planted a
at the
soil this fear
looks
ordinary
seaseonr,
and
bolls have matured to enable
planters to hasten forward a few bales to port, for the
credit they can gain in their neighbourhood of having
rheeee a srwee ae se
dependentokns . In
fact,oitris the
ep planta
laterr .
behind
aomnnacdreieelhtahs
set
aoils
as first
oi
snb
fl eau
nlld w
nftht
enough
nwohvratfoirs
tplantingt
haentdopuenrdoeprgdrooews thn fto
yr
etlhde crop, as
an ordinary picking force.
Freights continue dull. Exchange has been latterly
in good request, and there is a fair demand at the
quotations.
TROMAS J. STEWART, Cotton Broker.

We are requested to state that there is no truth in
the announcement of a Sunday paper, to the effect that
the parties at whose suit certain proceedings have been
taken against a noble Duke, are, " a wealthy Jewish
firm in the metropolis, remarkable for the magnitude of
their money transactions." The announcement clearly
took its rise from the fact that the Baron Meyer de
Rothschild is High Sheriff of Buckinghamshire for the
prsaent year, and was ex officio bound to put in force the
writs obtained by the creditors of the noble Duke.—