Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1840-11-04
co1fM=Rc1An.
MOBILE, Oct. "a.

OOTTON'-ATTlFeU Since luis Jay |
week S29 bales, and exported to New
York, COL bales, leaving a stock on
hand of 5183 bales, against 1861 last
season.
Our market has continued to main
tain the inactivity which marked the
close of the previous week, and sales
only effected to the extent of some
$50 or 200 bales. The stock mean
time, although receipts are very light
is gradually increasing, and It IS esti-
mated that there are on sale 400 10
1900 bales at the close of the week.
The condition of our market is attrib-
uted to the different views taken by
the principal parties, and until some
concessions are rendered on the part
of holders, we think but little will be
done. In expressing our belief that
prices will recede from the present
standard adopted by the seller, before
Operations can become extensive, we
have the concurring opinion of fhe
best informed dealers, supported by
the views Of the experienced in other
cities, and the prevailing character of
the domestic markets generally. Ii is
true that holders, by frmness, may
compel buyers to come 10 their terms,
for such parcels as necessity obliges
the latter TO purchase, and it is also
probable that continuation of low
rivers may keep back supplies, SO as
to prevent the stock becoming very
bulky for some time; but with the ex-
perience of last season in their recol-
lection, it appears to US that holders
should not trust too much to the chan
ces of events, and a future market,
when buyers stand ready TO operate al
remunerating rates. Besides, our mar
ket is, and has been for two or three
weeks, considerably in advance of the
other home markets. which has been
solely produced by the execution Of
Northern and Eastern orders, requiring
despatch, and put upon bare market.
while it is equally apparent that at lasI
quotations from Europe, nothing car
be done for foreign account until ma
terial reduction is established.
In noticing the business ofthe week
we observe that the extremes have
been 8 to 10 "a cents the latter
price paid only in one instance, for /;
small lot OF very choice. The rela-
tive rates in CHASING would be 10c
for fair, which we quote as the value o
| that grade, agreeably to transactions
| The stock closes dull.
| From the country, we have receiv.
ed intelligence through several of oul
friends, recently from different Sec
ltions the accounts differ widely a:
to the result, but on the whole, it i:
admitted that planters are likely to dc
better than was anticipated. The
weather continues favorable, and Cot
ton was maturing, and being harvested
with improving prospects. With a
late season, it is thought a reasonable
average crop will yet be secured,
FREIGHTs.-We have no engage
ments to report, foreign or coastwise
The shipping is gradually on the In
crease, and there will probably be q
strong array before the stock ofcotton
has increased to any important extent
The present prices Of cotton keeps
buyers for the foreign market off, anC
consequently, until a change take:
place: nothing will be done in foreign
engagements. Goastwise, the pack
cts and traders are taking in small
parcels at 1-2 cent.