The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-12-31
COttOn Market.


Since the departure of the previous steamer there has
been great alteration in the opinions of those entitled to
confidence the subject relating to the Cotton Crop OF
this country The miserable unfavorahle weather that
has prevailed for weeks throughout nearly the whole OF
the southern country has created sufficient impression on
the minds Of those interested induce them hold for
further advces By the table given below which is de-
serving considerable attention. coming from reliable
source will be that the In cotton this
year. thus far have been very limited compared with pre-
vious seasons The of this result to be attributed
entirely to the ability of holders and producers to keep
their supplies 1t the effect of the improvement in all
departments of business in this country The stock in
most ofh markets at the south this year larger than at
the same period last. The rivers running through the
southern section of the country have been navigable
order unusually early this and the planters have
seized the opportunity to get their cotton to market and
the consequence has been accumulation in the prnc
pal depos.
The estimate which the best informed agree to
the extent OF the present CROP 900 bales and
variation from that amount will fall below rather than
coed Prices at every large market in this country
very high, particularly at New Orleans and all range
higher Tor all grades than the quotations current in Liver
pool on the 4th inst
Annexed give extracts from circular issued from
Cotton House of this city, whose remarks entitled to
weight and consideration.
1.-THE present conveyance carries outimportant in
relation to Cotton will have been noticed from
late crculars feeling Depreciation founded upon data
entirely local. has been manifest in this city for
months past but to the date of last circular
evidence had reached of similar spirit from any of
the southern cities. Since then however have recev
ed accounts from every section of the country of large
and important advance having taken place in the price of
Cotton and heavy operations having been entered into
chiefly by SPECTATORS the origin and basis of this
men being the wet and uniavorabe weather experienced
for picking in louisiana Mississippi Arkansas and West
Tennessee and the belief in consequent dminution of
the supply at New Orleans from the amount calculated
upon early in the In New Orleans particularly,
the price has been carried up by speculation until their
quotations quite high those Of this market
ders have been sent thence Mobile, Savannah and
Charleston and in this market purchases have been
made on New Orleans account We are informed that the
Banks in South Carolina and Georgia have been making
advances Cotton and under engagements to hold
the same for four months In New Orleans and Mobile
arrangements various in character but to the effect
have also been made. These movements have somewhat
checked the legitimate of the cotton trade by
driving from the markets the buyers for English and
French account and the result must be accumulation
of heavy stocks in all the ports, but particularly
New York. We estimate the stock here at 5000
bales and there shipping at and the way here from
of shipment to Great Britain than at the time
for many years past and the exports for the month
must show very1great falling off compared with last
year.
exports stocks and receipts which have taken much
in preparing accurately and to the latest dates from
the various points.
"Our last report of the market made up theAca
da the l4th inst since which the animation then
ticed has continued and somewhat increased The ac
counts from Liverpool to the 5th instant per Hibernia
received the 2lst and not favorable as
expected Ind would have had depressing effect
our market had we not day two previous received
accounts from New Orleans of injury the Gulf crop
The sales since the 4th inst have been average
5000 bales per day. at gradually improving prices
and quote the market as to &c higher than on
that date. In circular of the I4h of November
gave opinion that the crop would be about
800 900 bales TO that conclusion from the best
information derived from the cotton growing region,
have since sufficient to induce any al
| teration."
EXPORTS THE UNITED STATES FOR 1912 AND a.
| To Great To To w. of SOt0f Tot Il