Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-10-24


The London Bsnkers Circular Of the iSsA ul~o. shows
very concluvey steady prices OF
Liverpool were owing to the arts and arunces oi VIC cu
laork How! They well knew how the STOCK In mat Town
spporioAed how much must come into nake' posse
snd how much prevented from immediate sae Dy nsruc
lions from owners The demand fully able to sus-
wihis hapenny penny OF quoted prices But
spectators the circumstances wncn
the part of the stock on hand and advanc
ed In December large portion OF the coIcn III
Liverpool will come market without fail and hence the
holding Of masters in laying in their stock They must
have however present material and their necessities inc
spectators enabled to realize great gain.
But this last very long, As the new crop goesIo
ward and it will move rapidly prices fall seriously TS
week ending the Esd of September them rule al 43d 10 ID
fer Mississippi and Louisiana staple Probably they WIZ range
through December succeeding month from 81 to Sic
Such the expectation Of dealers in England II may be
frustrated by some unlocked for event There only
operate lift up prices, and that is the
of the Queen Span and ratification OF the proPo
ed amiy and between that kingdom ana
Great Britain The last ad,ces Encouraging to such
hope. With warehouses the English manufacturers
will risk the employment of capital further than to keep
their mills perhaps in half time We therefore see no hopes
for the cotton market from any relation with
Spain.
home the disturbed condition currency prevents
anv thng like systematic attempt organizing the foreign
import trade rm and basis Men not prone to
invest capital when the policy of those tends
directly enda and destroy that capital Ever since the
wear capital and credit have gone forth with fear and
trembling. The month of May last brought these appehen
siops climax. Since that memorable era we have been
very cautious take steps, 1t wno be till the en-
suing spring that import trade will get fairly going again.
so that for the next may look with certainty TO
prices Liverpool unless some extraordinary
event interyenes certain demand for British
iactured goods.
planters will then be obliged pay the debts of their
extrayaga asd mpovdence the reduced prices
Hundreds of growers is Louisiana and particularly
Mississippi the New Orleans factors much $4,000
each They commenced with small capital enough perhaps
pay first nstansn their FARMS and to buy dozen
slaves BY pedging the at the market price,
to New merchant they managed to raise money for
future purposes Such the general rule In
opened by whose all consisted In
few By morgaging their future crops they procured
The necessary capital The low prices VIII operate
severely against these enterprzng Instead OF being able
pay mortgage upon their crops and TO devote the bal
10 purchase supplies the product of their labor viii
scarcely redeem half their debt What then! Hun
reds will dgusied and look other OF indus
try to extrcate AT least third less land will be
needed 10 reduce the production of within the just
bounds ofsupply and demand
Advces from Southern ports do make mention Of
change in the markets.
Tomerrow shall bring our tables-pace the whole
matter before the ceare light and furnish them
with statements which they may depend
In this city, the exhibits good feeling. Today 100
bales ef new crop Upland 2i l2c old crop main
tanned at l2c The arrivals small and the demand
brisk.