Piney Woods planter., 1839-11-30
New ORLEANS, Nov. 20.

was on the same scale, sales having u
mounted to about 1000 bales and prices
still more uniayorablc TO sellers. There
was feeling manifested by some TO
force their stock and make transfers G.
ven on a short credit-and certain Of
fcrs at shade lower than the asking
prices which had been refused on Sat
urday and Monday would have been
readily accepted Yesterday. Rates
might be figured at 8 s l-4c., for or
dinary, 0 a 8 Ia for middling, 10
10 IA for good, and Ii a IL Ia for
good fair. The principle reasons for
the dropping condition of this market
are the state o. our money affairs and
consequent difficulty Of negotiating
exchange. Some think it arises from
the great amount Of our receipts, which
this year exceed those Of last season at
the same period by about 60 to $4,000
bales, and augur from that an unusual
ly large crop, without however taking
into consideration the causes which
enabled the planter to make an early
picking, and induced him to seek an
early market. The quantity on sale
however is not more than that of form
or seasons, as it might be averaged in
round numbers at not more than 30
thousand bales. The cotton trade o.
pened early this year, and the demand
has been generally equal to the sup
ply, the former being for the last four
or five weeks, say Is to twenty thou
sand bales per week, while ou: receipts
ranged atabout the same quantities.
In all other articles of produce, be-
sides such merchandise and supplies as
arc required for the western states.
there is nothing of consequence going
forward, from the low stage of the ri
vcrs preventing our receipts Of the for
mer and export of the latter. We
may however shortly look for change
in this branch Of business, ifthc report
be tue of rise in the Ohio.
Sugar and Molasscs come in very a.
bundantlv, and are rather on the de-
cline, the reason for which will be
found in our above remarks, as show
ing these articles arc cut off from their
principle outlet Lo,d'sianian.
THE cause ofMe great taihue.-Thc
N. I. Courier and Enquirer, the pur-
chased organ Of the U. S. Bank, as
,ribcs the failure of the great whig
Regulator" to ''thc .fruits Of locotoco-
sQ,."
The Albany Eve. Journcl says
the U. S. Bank has fallen by its own
lands;" That is to say, the ''monster"
las committed suicide. This is an un-
lind and ungratcful cut, from the or
IAN of gov. Seward, considering that
he Bank of the u. S. furnished the
means which enabled his Excellency,
IS agent OF the Holland land specula-
ors, to get mortgages cashed to the a.
Mount Of about six hundred thousand
ollars in the spring of 1898.
The Philadelphia papers do not as
ribc the fall Of the great bank to the
truths cf locctocoism." On the contra
y, ii is quite evident that if the bank
ad been supplied with a more ample
tore of the fruits oflOccl locoisn1, it would
OF have given up the ghost.
The National Gazette of Philadel.
hia. the official organ of the bank,
ssigns the following reason for its
lilure:
"a combination of adverse circum-
.ances has reluctantly compelled the
anks of this city to resort to tempo.
lry suspension of specie payments
he failure Of the harvest in England
lst year, caused demand upon The
ank of England for more than six
lillions Of pounds sterling, about thir.
7 millions of dollars, which was drawn
! gold and silver from its vaults and
xported to the continent to pay for
rain. This withdrawal of SO large an
mount of specie, produced at once a
cpression in the value Of cotton and
her American produce, and of course
sscncd our means, in England, of
aging for the large amount of impor.
ltions of foreign merchandise"
The Philadelphia Gazette gives
ilerent reason for the failure of the
lnk. Ii is as follows:
"This necessity has its chief cause in
&c revulsion of the opium trade with
P Chinese, a trade Of say fifty mil
ons! The instrument of thus trade is
lown to be opium. This drug can
longer be employed as an artitle OF
,changc with the people. Specie
erefore must take the place Of it,
nc Bank of England fairly rccled I'M
n these tidings from China; and was
reed to make loan Of the bank OF
rance and go into the issue of two
'und notes. The balance Of trade
ing against us, demands came over
re Tor specie, and every prcket-shlP