The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1840-10-16 00:00:00

COTTON TRADE.

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(From Bennett 's Morning Herald.)
At this season of the year the attention of all interested in
this trade is directed to the probable yield of the crop. Last
year we published'at this time a statement of the crop, putting
it at 2,200,000 bales. It was not, however, until January
that the public were convinced that the crop would exceed
1,800,000 bales. The result is, that 2,150,000 bales have
been received. This is the result of the high prices of pre-
vious years. During the past year prices have fallen slightly,
but the prices of supplies have fallen in a great proportion ;
and the stoppage of the public works and improvements
generally, have released a large physical force, which has
turned back to agricultural pursuits. This will have a great
influence upon the crop of this year, as frequently the quan-
tity planted and matured exceeds the ability of the physical
force of the planter to " pick out." The accounts of damage
done to the crops are greatly exaggerated.
The crop has undoubtedly, in particular locations, sus-
tained injury. The accounts from the interior of Alabama,
Louisiana, and Mississippi, are very conflicting, giving evi-
dence that no general disaster has befallen the crop. The
season, upon the whole, has been favourable thus far. The
yield now depends upon the season after the frosts make
their appearance, which is usually about the fifteenth of
November. The present appearances are, that the crops
will not be much short of last year. The receipts of the new
crop are unusually large thus far, as follows :

At N. Or. to Sept 12, 14,377 Same time last year.... 7000
„ Mobile „ 19, 396 If 12
„ Savannah „ 25, 104 ft ft 62
SUNDAY, Sept. 27.—This market has, since the arrival
of the last steamboat, been heavy, and prices have given way,
until a decline of per cent. may be considered as established.
The sales of the week reach about 2200 bales at 8 to 101 for
Upland and Florida; Mobile 9to 10k; New Orleans 8-1 to
11. In the southern markets there is a fair business doing.
At New Orleans the receipts of new crop reach 8000 bales,
being nearly 4000 bales more than was received at the same
period of last year. The old crop is nearly out of the mar-
ket. At Charleston, for the week ending on the 19th, about
600 bales changed hands at 8 to 10 cents.
MONDAY, Sept. 28th.—The market remains very quiet,
and prices about the same. Stock on hand, 7000 bales ;
sales Upland and Mobile at 8 to 10 c. ; New Orleans, at 8/
to 11 c, a few fine at 13 c. ; 250 do Mobile, at 81 to 11 a.
New Orleans, September 18, 1840.
Dear Sir,—You no doubt will hear a great deal of the ca-
terpillars (Noctua Gossippi) and its ravages on the cotton
crop, but the statements put forth are very much exaggerated
by the large speculators in the old crop, and parties who can
only be saved from approaching ruin by high prices. So far
destruction has been confined principally to the leaves and
tender part of the plant, on the plantations adjoining the su-
gar districts of this state ; but the lateness of the season will
put a stop to the operations of these allies of the speculators.
It is said they have appeared in some parts of Mississippi. and
South Alabama ; but as the bolls are mostly so far .matured
as to resist their attacks, no important injury is apprehended.
In every other respect the crop has the most favourable pros-
pects ; but all depends on the weather for the next eight or
ten weeks, whether the crop will be a moderate one or ex-
ceed last year's. This time last year the crop was estimated
at 1,600,000 bales, and as late as January it was the opinion
of many well informed persons that 1,800,000 bales would be

the extent.
The receipts of new cotton to date far exceed those of any
former year. Up to this time it has found buyers at 9to 10
cents, and for fancy parcels higher priceshave been paid. Ex-
change on London 11; on New York, at 60 days sight 2 to 3
per cent. premium.