The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-03-31
Cotton Market.

This market has been very inactive since the arrival of
the Caledonia and prices have fallen off about &c from
about 1900 bales day, about halt of which is to specna
tors The Southern markets quite active in the way
SATURDAY, March sOth, p M.-The market is very
dull to-day This is partly to be attributed to the weather.
and partly to the fact that operators engaged in king
same as previously quoted.
The annexed extracts take from the circular of
large cotton house in this city, believing they give the
most authentic report of the market generally -
Immediately after the publication Of our last circular.
2Sh February, letters were received here from the
various Southern ports, with enlarged estimates of the
crop consequent upon the saving Of much cotton that
had been previously reported destroyed by the rains
December last Various opinions have continued pre-
vail here and elsewhere the subject yet time to
say with any positive certainty what the exact amount
Of the crop will be- We have given the matter full cons
deation, and have made enquiries from all the
within reach and find the most prevalent opinion and
at from 500 900 to 1850 900 bales By reference to
tables it will be that the receipts to dates this year
to ssoss she%ns dsc i' Of if we add
the number of bales received this time last year
4ss 1897 bales would give us crop Of oo Ssa bales It
should be received every facility and inducement has
existed this to enable and urge planters tohury
their crops to market which did not exist last years
should say that two thirds of that amount will be
much as can reach the ports prior to the first Of Sep
TENDER next, and this would place the crop at ls3i
936 bales. We have various estimates Of the proba.
BILE amount to be received at the different points, and
10000; Mobile 100000; Florida, l25000 and the Allan.
tic ports 10000 making total Of s35 900 bales In the
Atlantic ports and Florida the receipts have been light
in Mobile and New Orleans they at our astdates,
beginning to fall off and parties resident in that section,
write with confidence Of material decrease being soon
very apparent Many large cotton boats have been with
drawn from the rads New Orleans and others
presented being their last trip for the season. and if
any credence to be given at all to the idea Of short
CROP the receipts will prove the fact flor the
force has been engaged in picking and bang and with
the advantage Of early navigation and high prices the
inducements have been such to planters TO get
their cotton early to market and look therefore for
earlier close Of the season than usual.
Ii will be that exports have still further di-
minshed in proportion with former years. and that
Great Britain compared with last year the decrease is
over 800 900 bales There is now much cotton in
course OF shipment at the various ports than at
period since the commencement OF the season. and
look from this time forward for steady regular shipping
business at the time think will be gradual and
extended later into the than for many years past
and we believe that the stocks in this country the s
Sept next will be larger than has been the
hitherto.
The character Of the market not only in this city but
throughout the whole country, has since the sailing of
the iternia, the LIST inst become entirely changed
speculation which has had such prominent bearing
the staple for the last six months, has suddenly
and left the stock of cotton in all the lie ding ports of the
country heavy beyond precedent while prices abroad
much below what the article worth here the de-
parure OF the Hbena; since which date prices have
been gradually declining until find our quotations for
fa about and half cents below what they were in
our last circulars one cent OF which lost prior the
18th inst after which date until the arrival Of the Gale.
dona with Liverpool dates the 9th of March, we had
steady market with fair business for export and manu-
facturers The accounts per steamer however
different from general expectation and prOduc I'd dis
appointment and brought market for few days to
perfect pause for two three days past however hold
ers have reduced their pretenons and submitted to de-
chiefly for export and generally orders for Eng
lsh account
STEWART WRIGHT, Cotton Brokers,
Corner Wall and Water SITS.