Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1844-12-28

ANNt W. N'NN ''''''' h''''
would have been published last week but
for the great length Of the Presidents
Message, which excluded it. We trust
that our friends will continue their ia.
Yors:
NEW ORLEANS, DEC, 9th, l844.
WILLIAM X. ADAMS, ESQ:
Dear Sir-Our Cotton Market has pos
sessed so little of interest for some time
past, ana transactions in the staple have
been on terms SO dropping and unsatls
factory, that we have preferred remain
ing silent, to being the medium OF bad
news on u subject so important to the
readers of the " Liberty Advocate"
That the suspension Of our CORES
pondence may not, however, be attributed
TO neglect, we beg to offer a few remarks
upon the present state OF the demand, and
upon what, we consider, is likely to be
the course Of the market for some weeks
10 come.
The foreign news which came to hand
on Sunday last, bringing Liverpool dates
up TO the 9th ultImo, although by no
means encouraging, were yet of less
uniavorable tenor than had been appre.
handed, but as the fresh orders received
by he above conveyance, were limited att
very low figure, purchasers al once re-
duced their bids and as holders wee I'M
willing TO grant the concession required,
but little business was done during the
following day. On Tuesday there was
more disposition TO operate, and the views
Of the buyers being ultimately acceded
TO, some 5000 bales were sold during the
day, ala decline from previous rates, Of
about 18th of cent per lb,-at which,
the demand is now steady--Say, for nlc-
rlor quality, 3 l2 10 3 and 3-4--ordina-
ry, TO and 2-middHng, 4 81 to
and l.4-middIng fair, 5 G2 to 8 and 3.4
and fair, 10 and 3-4th cents per To-.
These quotations will probably undergo
no material variation for some time, al,
though as frelghts have a tendency to
advance, operations may be checked,
UNI piping becomes more plentiful.
NWany improvement can be reason
ably anticipated, we cannot think likely.
The immense production of cotton in this
country, which far exceeds what the in
creaslng consumption by manufacturers,
both at home and abroad, can possibly
take otf-the large stock which remained
over from last season in Liverpool, in |
consequence, and which now amounts toI
$4,000 bales more than at the same peril
Oh last year, although there has been a
falling off in the arrivals from this side
OF 2O3,OOO bales and certainty of an
overwhelming crop soon TO come forward,
have tended to check speculation, both al
the North and in Europe, and although
the state OF trade is represented as very
tiourlshng, spnners have no object in
purchasing more than they require for
immediate use, and the stock on hand,
therefore, diminishes but slowly these
circumstances will prevent any ameIiora
ton, II is to be feared, but, on the other
ha nd as all parties interested in the sta
pie, are now well informed Of the above
facts, and Of the probable extern, of the
present yield, we do not conceive that
that there is any ground for experimenting
further decline, at leas. for the next
month. Should any unexpected change
however, take place, We will have the
pleasure of advising you Of it.
We are, truly,
Your obi serv'ts,
WIN. DAVIDSON g. co.