Baton-Rouge gazette. [volume] (Baton-Rouge, La.) 1819-1856, 1841-09-11
Ew-oRLEANs COTTON MARKET.

~ sutAeHs VI tHo ftH pisL estaDiisHcS ai
Important fact, viz that the New Orleans
market offers MT solid inducements for early
shipments Of cotton. We make this obserya-
ton because clifton dealers lii tho city have
generally Recommended an early Market
There is no probability that the carly market
will be favorable. Let the planters be guided
by facts and not by hopes.
On tbs recurrence of the period closing the
commercial year, d few remarks on the events
connected with the cotton trade of the past
season flay prove acceptable to our readers,
and we therefore present the following brief
abstract of the course Of the market for this
most Important branch Of our agricultural
wealth.
The history of the futtBti trado during tho
year just closed, agaiti hffords d most %conclu-
siye proof Of the futility Of calculations based
solely with reference to d short production,
and In this respect II aHsimiilates closely to
the disastrous season Of 1870, the crop OF the
year previous TO which had bBen the most pro-
ductive hitherto known. The last four years
have bedii remarkable for great fluctuations
In the yield of the plant, as will be perceived
by tho following statement
Crop Of
1s377-ls prod'd | 100000 b., Inc. 26l per. ct.
153s-3g /" 100000" dec. ri I"
1s3g-dO !" 2,1S2,OOO" inc. h0i "
1s40-41 I" 100000" dec. ~ I"
giving. an average for tho last four years of
1,735,5D0 bales.
At the commencement Of this season, the
conviction had already become general that
the growth would fall considerably short of
tho extraordinary production of tho year pre-
viotis, and about II 10 ! 100000 bales was the
general estimate Of Its extent. Under this in
tluence the marltet for new cotton opened ON
the 9th September, at 1Oc. per lb. for I" fully
fair" but in the face of n succession Of dis.
cuuraging advices from England 1t was found
impossible to support the opening rates, and
prices gradually declined until they reached
the extreme point of depression On the 3lst of
October, VIXEN '.fair' cotton ruled at DC. per
Id. Business continued in this state until the
9th of November, when the increasing Ger.
tainty of a greatly diminished production,
combined with more favorable intelligence
from Europe, caused nm advance in our mar
ket, which continued gradually improving, un-
der the influences above alluded to, until, on
the 25tll May, ordinary cotton ranged from 81
to Oh, and fair WIS quoted at 12c. per Id. being
the highest point which the market touched.
A combination of events, among which the
hos lie position of the United States and
England, and the presumed adjustment Of the
China question were most prominent, tended
to initiate prices in Liverpool, until fair Up
lands reached "a to lid. per b.; but on the
removal Of the causes Of excitement, by the
pacific turn which the affairs Of the two coun-
tries suddenly took, and the ilhprobability Of
any immediate termination Of the war in China,
MI speculative demand was checked, the large
stocks in the hands of spectators were again
thrown on the market, which rapidly assumed
q declining tendency. As a result, consequent
on the state of trade in England, our own mar
ket gradually dropped, until ordinary cottons
fell to s a SIC, on the 10Th June, being n de-
cline Of lie. on previous quotations, and it is
only attributable to tie very small stock re-
naming on hand that prices have not been
more seriously affected.
With regard to the growing crops, the ac-
counts from the various sections of the coun-
try aro.coniradictory, though, from n general
review of them we are led to the belief that
the production, in all probability, will at least
equal that Of the season now closed. In the
rich bottom lands of Louisiana and lower sec
tons of Mississippi, the crops generally are in
a most promising condition, and planters are
very forward with the picking, but in the high
land Che plant has sustained very scrions in-
jury from the long drought which has Prevail
cd during the summer This, however, may
be remcdied in some degree by the late rains,
and with a favorable autumn the second growth
of hollis may compensate fol- the previous loss.
From Tennessee and North Alabama there
are some complaints, but nothing Of a serious
nature any injury which may have been sus-
tanned, however, more particularly in the form
er state, will be counterbalarced by the in
crease of cultivation. From South Alabama
the adviccs speak confidently Of a full crop.
and in the Atlantic States the prospects are
also good. In South Carolina, it is true, the
late heavy rains have inflicted great injury,
Blu: this extends chiefly to the crop of Sea
Island cotton.
Up to the present time, therefore, the pros
poets for a fair average crop may be consider.
ed highly favorable, but SO much depends on
the weather for the next two months, and the
plant is subject to so many casualties, that
any estimate in figures would be premature.
The new crop of cotton has rarely entered
the market at a moment more unpropltious
than the present. Adviees from England to
the 4th ult. give a most gloomy picture of the
state of trade in the manufacturing districts,
where failures were daily occurring, and so
great was the depression that many mills
we e on the point of being closed altogether,
thus throwing numbers of operatives out Of
employment. In Liverpool the stock of the
raw material onthe 31st Of July was enormous,
amounting to 630,500 bales, against SOB, $50
bales at the corresponding period last year,
while the imports to same date had been less
than the previous season by 2O9,530 bales. 1t
is true that the exports from the United States
have closed earlier this season than any pre-
yious one, and nearly three months must yet
elapse ere cotton of the new crop, in any con-
siderable quantity can reach England but
with the greatly diminished consumption, the
stock in Liverpool at the close of the year can
hot be other than a hesyy one, though that III
the hands of spinners may be much s~nsalles
than usual.
Another cause which will materially affect
our market, is the heavy stock remaining in
the hands Of observation-disclosures from the
unusually large quantity taken by them last
season they will not, therefore, be forced
hastily into the market, and buyers will no
doubt purchase spatingly, unless it should
open at prices satisfactory to Them.
In our cotton market BUSINESS thus far has
been to a very limited amount, having been
to the purchase of a few small par
GELS, chiefly fof the Northern markets. Fair
cottors have hitherto been sold at lie. per ib.
and choice at ri to l2aac. per lb, the range
of the market being from 1o.t 12IIc, but in
the face of such discouragiig advices from
markets, it cannot be expected that
these prices will be sustained. Of the old
crop about 6OOCybales remain unsold, consist
ing chiefly of North Alabama and Tennessee
STOCK OF COTTON on HAM,.
Taken on the 18th August.