The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1840-07-28 00:00:00

THE UNITED STATES

By the packet-ship Patrick Flenry we have repeived New
York papers to the Bth instant, inclusive. The following are
the most important extracts

STATE OF TRADE.
NEW YORK, JULY 6.
The past week hag evinced no increase of animation in
the different markets. The foreign imports continue very
limited ; in fact, as there are no orders abroad, and the state
of our markets give no margin to the enterprise of foreign
merchants, we cannot reasonably expect any great increase
of imports. The receipts of produce from the interior con-
tinue large. Our canals are sending quantities of broadatuffs
heretofore unparalleled. The following is the official report
of the canal collection, at Buffalo, for the month of June, as
compared with the receipts of the same month last year
The amount of the Buffalo Flour and Wheat cleared, and
toll received at the Buffalo-office, in the month of June, 1839
and 1840, is as follows :
Us. flour. bushels wheat
115,104 114,951
51,722 135,071

toll.
dol. 54,855,48
33,769,14

Increase, dol. 21,076,U
The receipts of cotton. at all the ports of the United States,
have been large, and, although the shipping of the United
States have made but small freights home, the freights out
were never better, and the voyages out and home have made
an exceedingly good average. The prospect for the shipping
interest is, however, not very flattering, after the present
crop shall have been sent forward. Freights are already be-
coming less firm. _

CorroN.—The cotton market during the week has been
moderately active, without any great alteration in prices.
The southern markets are getting heavy as the season
advances. At some points the price has declined, and at
others advanced. The following is a table of sales, stock,
prices and remarks, at the different points, for the week
previous to the date affixed.
July. Stock. Sales. Prices. Remarks.
New York.... 3 16,500

New Orleans 24 102,517 19,000 51 a 111 advance *
Mobile
Montgomery l5 2,200
Columbia
Augusta JP 25 7,000 600 6 a 9*. firm
Hamburgb..
Savannah .. 26 10,515 607 6* a9l decline 4
Charleston 26 10,808 2,114 6f a 9-1- „ a

NEW ORLEANS, JUNE 29

The weather is dry, clear, and warm bince the rain : it is
every thing that the planter could wish. New cotton will
begin to arrive at New Orleans next month. Planters will
be free sellers, as, by some, the crop is estimated at 2,500,000
bales. There is more planted than last year. The overflow
has done so, little harm that it is not worth noticing.

THE CC:4I'ON IN THE MISSISSIPPI.—We are to
learn, that the cotton prospects are grand, almost beyond
parallel, in MiSsissippi. Both on high grounds and on river
bottoms the growth has been astonishingly rapid ; and, if
serene, dry weather should come on, as expected, great quan-
tities f cotton will be picked in Adams County, and in the
parish of Concordia, opposite side of the river, in the month
of July.
The cotton crop is the main stay of old Mississippi, and
a good crop this year, with the increase of prices por-.
tended, will straighten many a " crooked cane" in the for-
tunes of the cotton state_ ; especially as we are likely to lose
little this year by the bank swindlers.

(From the New York Daily Express.)

_ .
There has seldom been a period when the amount of unem-
ployed capital has been as great as it is at present,—and yet
there is a most extraordinary inconsistency in all this matter.
The Banks have large, uncommonly large balances remaining
with them. The amount of specie in their vaults is at least
five times their circulation, or five dollars for one. The rate
of Exchange on all parts of the world, and particularly all
parts of our own country, is most decidedly in favour of New
York. So abundant is money, that first-rate merchants' paper
has been and still can be discounted under six per cent. per
annum. New York State Stocks, bearing an interest of five
and a half per cent. sells by auction at par. The Banks have
not near as much good paper offered to them as they would
gladly discount, and yet, with all this superabundance of un-
employed capital, strange to say, loans on the very best secu-
rity—that which ought to be preferred to all others—cannot
be made without great difficulty; and only to a limited extent :
we mean mortgage security. There is every reason why this
kind of security should be preferred to all others. Real Es-
tate will not and cannot disappear.