Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1825-08-11
COMMERCIAL.
London, June 81

LoH1Ub, ooHsc ~
CorroN.-There have been no consi-
derable sales in cotton since this day
week; at least few have publicly trans.
PRED. The accounts from Liverpool
which we insert, state very great fall
in the prices in that market, and a &c.
neral panic among the holders. The
quotations here must be considered en-
tirely: nominal. The sales last week
that have transpired are $50 Surats,
81 lid; 100 Bengals, ST 81; 200
Madras, 8 a I'D.
CoRN.-We had a fair supply OF
wheat yesterday, which with the con-
tinuance Of fine weather, and the two
Bills having gone through the Com
mons, & read first time in the Lords,
occasioned very heavy trade, at a de-
cline OF Is per quarter on the best sam
piles, and still more on inferior quail
ties.
From The Manchester Gazette.
The reaction in the cotton market, which
we anticipated, has already commenced. We
understand that peculiar description Of cloth
used by the Printers, which in the beginning
of May sold for 1ss Cd to 20s per piece, has
been sold this week for 15s, which is within
Is ofthe lowest price at which it was ever
known to be sold. It is not likely that manu-
facturers will continue to bring goods into the
market, when such reduction is necessary in
order to effect sales. Indeed there are now
so few purchasers of yarns, that the spinners
cannot effect sales, although the prices are by
no means advanced in proportion to the ad.
vance Of the raw material. The spinners, In
their turn, are consequently at stand. Hi
therto both manufacturers and spinners have
been enabled to carry on their business, in
consequence of having stocks of cotton and
yarn on hand previously to the advance
While the average price of old and new stocks
was moderate, they yentured to pay higher
prices, but now, when their old stocks are
exhausted, and wheh every piece and every
thread which can be brought into market must
be produced from cotton at the speculation
price, they do well to pause. No man pos
sessed ofordinary prudence will allow stock
to accumulate in his hands manufactured from
cotton which has advanced at least So per
cent beyond the price which could be JUST.
fed on fair consideration of the actual state
of demand and supply. Bowed, which by the
We tment of extraneous capital by foolish
spectators who believed the interested re.
presentations of adefcient supply were raised
to 19d, must fall to I'D, again, before any
prudent man will venture 70 convert them IN.
to goods. are making, and will con.
tinue to be made, to keep alive the belief that
the supply will not meet the demand; but
whatever impression they make on those who
speculate in cotton as they would bet on
horse race, clear headed men of business will
not be easily persuaded to make free use OF
material which is from so to 100 per cent
higher than it need to be amply to remune'
rate the grower and importer.
Liverpool June l8.-The demand for cot
ton during the week was good deal suspend
ed, in consequence ofthe public sales announ'
ced for Yesterday, and the transactions BY
private contract only amount to about Ziot
bags. The public sales were well attended
and went off as follows.
offered 1860 bales Orleans, sold 1850 o.
ord. to pretty good quality at Is IL to l6ad
of 1880 Alabamas offered, 74O were sold a
Is to 144d; go bags Uplands offered, AL
sold at u 10 to 15d. Nearly the whole wa!
taken by the trade, and we reduce our quota
tons accordingly.
The sales Of, Ashes have again been at re
duction, U. 8. at 40 to 4Os Cd. ll1o bbis
Turpentine, Of middling quality have beer
sold at Isl to lis Cd. The Grain marke
has been very dull.
Sales of Cotton from the 18th to the 21st in
elusive, l190 bales Uplands at Is IL to l6d
$50 Orleans, IA 10 to Isl; 20l Alabamas, L
to 13&d. =
June 22.-Our cotton market continuesin
very dull state notwithstanding the great re
duction in price, in consequence, in grea!
measure of the public sale last week, whicl
went off very badly. The trade seem quite q
unwilling to buy now as they did before TIT