The Yazoo City Whig and political register. (Yazoo City, Miss.) 1842-1844, 1843-09-08

VI &m0LAaN&#sH OAECMAMEe--E AWANCG&S % TIC
ensuing Cotton Business season, ADJ
vice to Planters SC, I,
We hare before as the Circular Of cur
highly valued friend Vincent Galloway, Of
New Orleans. It is thoroughly business
address, and contains some sound and
useful advice to Planters. Shippers Of Cotton
in general, and Country Merchants. Il
also gives view Of the Cotton market as it
now stands, and prospects Of what it will be
in all probability during the forthcoming bust
ness season. On the mercantile qualifca-
tions Of Mr.. Galloway and his promptituds
in all commercial transactions it is wholly |
unnecessary for us to dwell, as they are
well known 10, and duly appreciated by al
most every man Of business in this part of
the country. The former firm of Y. Gala
way & Co. having been recently dissolved,
Mr. G. will continue the business en- his own
account and in his own name. He has en-
gagged competent assistance-mads favorable
arrangements for the drayage, storage, &c of
Cotton and other consgnmsnts, and by his
usual personal attention to whatever trans
actions are entrusted to him, we feel assured
that he will receive full share Of the pa
tronage of the Planters and Merchants of
this county and those adjoining. Much Of
the matter which the Circular contains is Of
interest 10 the major part Of our readers--at
all events we believe it to be so-and make
the following extracts:
81 observe with pleasure, that many Of the
we'll meaning and solvent Planters and Country
Merchants adopting the method Of raising
money by actual sales Of, instead of drawing on
their crops on cOnsignmenls; this method is COM
mendabIe and should become general, and until
il is generally adopted and strictly adhered to- the
country cannot be in favorable condition, for
the granting and receiving of advances and facili-
ties, cost too dearly by causing forced sales and
failures, and in interest and commissions. The
difference between being one yearor crop before
o hand and one year or crop behindhand. would
r set down at full twenty per cent. on the annual
:. expenses-a percentage that hardly be balan
ced by even the most industrious aud best mana
: gers,
/ 'We are now approaching another business
season, and think the prospects are, that we vii
l. have suffciency of money for all the Legitimate
purposes of trade-iavorabs and stable rates 70
Exchange and transportation, and an averag
yield Of the growing crop of Cotton, with regula
ri and improved prices.
. "We have accounts from Liverpool to the Sd
ct ultimo* tie stocks Of Cotton were said to be tn
70 largest ever known in that port-amounIing t
- million bales; yet there was no pressur
but for some descriptions advanced prices j
The market. Money was so abundant to pre-
" vent any pressure even among the holders Of thes
q enormous stocks. The grain crop promised
IL handsome yield.-The manufacturers were
IL full operatiOn.-The trade good, with encour;
ne ging prospects; and so great had been, and
great it was supposed would be the increase
consumption, that it was thought the entire stoc
H. Of Cotton on the first day of January next wou
o. not be much greater than it was on the same d.
ed Of last January, IF this be the case, prices wi
lie likely gradually improve in that market. Y
nd with such stocks in Liverpool, cannot expe
I'm any actual demand for English account to mat
be rally benefit prices in our markets until the e
suing season has considerably advanced. Duri
the while, however, the wants of the Northei
the Havre, and some smaller markets will like
nd send US buyers, for all that arrive, Of qualt
ant chasing strictly midding and above and at SON
liz thing like remuneratng prices-prices that "
hardly be excelled during the remainder Of /
season, unless the growing crop or its BET
!, qualities be very short"