The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-12-16
Cotton Market.

FRIDAY Dec. is.
To-day but limited business was done, at firm prices.
Some sales amounting to about $500 bales which were
closed since Wednesday evening, reported today.
The markets throughout the country remain in very
uncertain state The crop coming forward with
the usual activity but there many conflicting
counts theexten of the Yield that planters and holders
undecided about prices and hesitate about operating
until something more decided is known. The receipts OF
new cotton into New Orleans up to the 4th inst were
The crop will not exceed 800 900 bales and may fall
little short of that estimate The quantity that has reach
ed the different southern depots this year. compared with
last evidence of the extent of the crop The plant
ers are more able to hold to their CROP and will let
leave their possession except at remunerang prices
and for value received This fact is alone sufficient to re.
duce receipts at the southern cities and keep cotton long
er out OF market An extract from letter. dated Coum
"You have doubt, heard something of the shorness
Of the cotton crop and the backwardness of the planters
in this region of the country in gatherngbut have
idea you have any information relative the injury done
to the cotton and the unprecedented backwardness of the
farmers Our cotton opened late say LIST September and
from that time to LIST Nov had unusually wet and
bad fall About the LIST Nov the heavy rains set insince
the latter period there has been little cotton saved
in short there is no time since the settlement of the
try in which farmers have been backward pre-
sent had the season for picking been favorable the crop
would not have Seeh an average one Up to this time not
lost"
This sample of reports that continually come into
possession, which have their necessary weight in
convincing us the crop must fall considerable below that
OF last year.
large cotton house in this city -
Snce last review of the market under date of Goth
November we have had an animated demand and heavy
sales on the 3oth November and LIST and ID December
the sales amounted to 1900 bales per day. the advance
quoted in our last Monday, the 4th December, very
spirited demand was experienced and the sales that day
not less than 1000 bales and further advance of
&c obtained the sales being chiefly for export
he 9Th and 9th the demand continued the sales being
about $500 bales per day prices fully sustaining the adj
vance, the majority being still for shipment. On Thurs
day It'll instant the mail from Boston reported the Acadia
nhnI xinty oil tnn
later dates IRON Lierpool somewhat checked operations
Vt s p NJ we received per express, Wilmer Smiths
counts Of the Cotton Market being less favorable than
vas anticipated sales of about 100 bales took place
lone owing in measure the reception of the
letters per steamer the mail being delayed until night in
bales still at the decline of &C. in some instances less on
Saturday 9th the market quiet and unsettled holders
being ndisposed generally to accept any reduction from
the rates current in the early part of the week. and buy
disnclned to operate the sales this day SMALL
the 18th instant the market opened with better feel
ing and more disposition to purchase manifested but
slight reduction required and not being accepted by
aoders only 1000 bales sold generally at decline
Of c from the highest point last week; on the 18th the
feeling still better and the sales $500 bales
prices, except in two instances, fully equal to
those current the 9th ns the highest point this
season. the operations this day being mostly specula
tion yesterday Wednesday, 18th inst sales about
800 bales generally at the full prices of the day prece
ling. The market as will be seen by the operations
above referred to- is not influenced to that extent
generally the case or indeed as we might expect,
by the European news large amount of cotton
lately received, and daily arriving, is being put
in store, and held for Southern account, with in
structons TO hold regardless Of foreign markets. until
prices above present quotations be realized the
extreme facility with which money be obtained, and
the low rate Of interest tends in great to aid the
desire to hold. feeling almost general throughout the
country If we may Judge from the tone of letters from
he various points and the advancing price Of the staple
all the large markets. that Cotton will rule higher is
becoming very apparent the grounds upon which
his opinion is based being in part short crop, which
subject we have no new feature to offer that
idea may be formed Of opinions here, we merely
that the nth inst, made offers thou.
,and bales of cotton in various hands, and in only
,tance enabled to make SALE at decline of
c from the highest point last week The quality
stated in our last circular is falling off, and fine cot
tons will soon thus early in the season. become
very scarce, and comparatively high"
STEWART & WRIGHT, Brokers,
corner Wall and Water streets.