Martinsburgh gazette. [volume] (Martinsburgh, Va. [W. Va.]) 1810-1825, 1825-04-28
DOMESTIC.
OF THE MARKET.

STATE Of THE MARKET.
The commercial news from England,
brought by the Crisis yesterday fore
noon, Of the unprecedented advance in
the price OF cotton and several other ar
ticles OF \ American and colonial produce,
occasioned immense speculations in
this city, during the business hours of
Yesterday. We learn that a very consi-
derable portion oftie cotton in market,
and also some other articles changed
hands several times during the day, and
that some of the KNOWING ones" made
fortunes of ten, twenty, and even one
hundred thousand dollars by ~specula-
tons "on the Rialto,p between 10 and
4 O'clock. A clerk in one of our first
mercantile houses, we are told, gave
$500 a day for three previous days, to
have the refusal of one lot of cotton at
u fixed price-took it yesterday, and
potketed $4,000 by the operation!
Anothe: concern offered a lot Of a few
hundred bales of cotton on Tuesday,
which was declined at the prices of the
day, and yesterday $4,000 advance was
offered and refused. We are also
told that one house in this city made the
enormous sum of 100000, by advance
in prices yesterday.-In less than two
hours after, the news was communicated
from the slip, the fast-fying steamboat
Linneus was under full steam Cor New
port, where it is supposed the agent will
land, and, having the start of ali other
modes of intelligence, touch our friends
at Providence, Boston, Salem, for
some. Several pilot boats were des-
patched for the south, and expresses to
all the markets supposed to furnish ar
ticIes for speculation.
y TIE Markets The excitement oc-
casioned in II market by the late COM
mercial news from England still contin-
ues. An immense amount of cotton,
coffee, and some otheI articles changed
hands, yesterday, at a small advance
from the prices of Wednesday, and the
spirit of speculations still walks on
Change and about the mercantile bou
Ses, whsrves and piers, seeking oat the
means Of making money. In the gem
eral hustle, some will pocket many
thousands, some will lose large sums
that might have been made, and very
probably, some may SO overstrain the
point rs to suffer heavy losses when the
tide begins to turn. Several additional
vessels have been despatched for the
south and for the West Indies. The
Mercantile Advertiser .upposes that
the expresses to the South will be frus-
trated in their obi ect by the previous
receipt of intelligence from Europe at
Charleston, Tor which place the fast
sailing British ship Lalla Rookh was
despatched ftom Liverpool, in ballast,
on the 2eth of February. The Nation
/ al (S~nowden's) Advocate states, that ~
! merican manufactured sheetings have
advanced from / to- cents per yard,
and we understand that g~inghams,
checks, stripes, and other home man
ufactures cotton, have also advanced.
This Philadelphia Gazette states, that
seven expresses arrived in that city yes
terday morning from New-York, in an
ticipation of the mail, and the %intelli-
gence they brought gave great activity
to the market. Sales, at advanced pri-
ces, were very extensive TWe1lty Sc
zen cents were offered for good Upland
! Cotton, and refused. Several Of the
expresses proceeded farther south.
The city of New York, it is suppo-
sed, will be benefited between 8 and a
MILLIONS OF DOLLARS by the advance
on the single article of cotton. This es-
innate is made on the general impress
sion that between $4,000 and 100000
bales are held by New-York merchants,
the average advance on which is be-
tween SIS and $40 per bale.
Suppose that 100000 bales of cotton
| probably much less than one crop) are
now held by the American merchants
at home and abroad, and by the plan
ters at the south-that it has advanced
! SIS per bale, and the result will be that
the country il benefited Si7,5O0,00O.
1t must be remembered that this ad-
vance is in a foreign country, on an ar
ticle OF American produce.
". y Statesman.
NEw-YoRK, April IS.