The New York herald., 1845-01-25

confidence. In the Of decided indispostion on the
part OF spnners hold stock at the rates. and
the advance here no other crv but ,Sst Of short
crop seemed be listened tothough il ought To be
served that in New York. where parties proverbiay
sangune when advces were received there OF English
umers being unwilling Notwithstanding their good
trade TO pay al Increased speculative price for Cotton
even the advance already established and COM
binipg together, not merely 10 prevent the market
from going higher but to effect reduction by working
short tme and using up their stocks unfavoable effect
was instantly produced and became the first cause Of
resting the operations Of American spscuasors and in
dncins them TO Here the OF the sam
about the middle month March that the strong
excitement began to diminish The pat ket which arrived
on the 4th gave toe first serious blow to the
OF holders The receipts into the ports much larger
than had been anticipated, and this fact not only much
alarmed the mid but began to stsgger the most ncredu
ous. SPECTATORS became frightened and resolving
in many instances to SELL they rushed Of the market
with considerable precipitation. Prices, a. conse-
qience, gave way before the end Of the month I'd
10 IL per ID, and even at this reduction there
was no facility ia making extensive sales. The
feeling throughout the month of April, continued
from India were universally Il most encouraging dc
scrpton, prices again f I'd per lb But the mid
disabused the most nhden when by packet Of the
st the receipts into the potts had already exceeded
i7s0 600 bales This smount had been hitherto looked
upon by many a. nearly the m aximum OF crop II now
became matter OF certainty that was not even the
minimum and 1900 0c0 bales regarded o.
much the probable result. was now that the
nkes all its previous pr tive s,eadness, H.
in did some persons reason upon the excell nee tf
rade the abstract lowpess Of prices the impossibiy
continuing to import Cotton at the existing low rat and
the appearances just then beginning 10
bs alluded to in the American letters Of the coming
crop; buyers looked at nothing but the present
stock and the expected supply all other arguments
thrown into the shade, and proved unavailing 10
trade to make purchase whs
such state OF encouragement continued 10 give way
and the quotations reduced during the month ID TO
Hpri, In June this farther depression LED 70 sngit
nut only temporary reaction The fears Ct those who
had supposed the might exceed two millions o
bells began in degree to subside. and symptoms OF
manifested. Spnners also. who, by their long With.
drawal from tho market. appeared nearly exhausted
months only 600 bales KY against 900 bales for
the preceding thss montbs) now became buyers, but
certainty, and to operate a complete counerpose TO
her favorable tendencies 277 500 bales
the month In July the from the States drough,
in districts, and foundations Others slightly i'm
proved tn prospects Of holders and looking again for
ssw in the distancs repetition q the events Il
the previous year This feeling and the good
partially, but the weight Of stock (Which amounted
million of bales twsthirds being American) snd
the pressure that necessarily occasoned were consi
dsraons too powerful to be resisted In August the bad
effects and visible The state Of trade
remained good but the stock large to be almost
unmanageabe 1t is true that reports OF damage done to
the crop wee in circulation, the result Of injury from
and caterpillar but deaf general TUNED
ers particularly the speculsve portion began to doubt
the proprety Of resisting longer the power OF gene
raj opinion and many were now tempted to realize their
losses September from the urgency OF the like mo
tives possible, dull than August and October
again was equally unpromisng The previous advices
onjury done then said to have been exaggerated
and the evil he'd been repaired and in addition the
stated to be unusually early November in
degree improved the chances Of holders and during
the early part Of the month the desire to sell
ther increased than diminished In vain have accounts
been looked for by each succeeding packet of dmnuton
tsrnotn hlft hon
the belief that such will be the case and that the crop
will not exceed 200 600 bale. has led during the last
three weeks to large and important transactions, and to
advance in price offully I'd per lb.
The fall IN price from the beginning OF October (when
isss the period Of the greatest depression ever before
knowr until the late revival Of demand has been I'D per
h. IL cent fact that only be accounted for at
period when money abundant, by the general dis
csuragement which the great losses of the had
mainly contributed to produce How these losses have
believer the crop likely to exceed ls00 600 baesse
veral thought 800 900 not improbable result The
idea OF GOO Mo bales which turns out to be the truth
was hardly entertained Every known event seem
ed for long time, and moreto confirm the opinion
Of short crop but the premises proved faacous II is
for time at least place any confidence in
the estimates transmitted. 1t may be that is rros
try is planted with cettcn 10 caculas exactly
upon tho production, and the other, to ascertain
what qusn y remains over in the planters hsnd.
relative and that what is serious at one time OF
another is easily repaired Even the receipts into the
ports to afford criterion for the rivers being
high low, may diminish increase the quantity Of
Cotton brought TO market In short, experience hes
that for the future estimates will be valued at s and
is not improbable that having reposed our filth
them and been disappointed one year, we may. in ano
ther fall into the opposite extreme and disregard all sup
positions when they really entitled to credit. Even
last year the crop might possibly have been,
but the vancing he close of the induced
the picking Of at least bales extra which, Judging
from the very great intericry Of quality would never
been contemplated that snch description would be
sod il has been, from 2d to SID per b tits plain that
small and this principle applied to the present posi-.
tion Of the United States, may lead to such result here
prices which have been paid and to look back upon the
late heavy f ultimately not unrsservedly beneficial
70 spinning interests OF Great Britain as many now
deem II to be.
FssIoHrs LIVERPOOL, Jan. 4-As regards manufsc
tured goods, the Of freight ofsrng h much
greater than when the last Boston steamer sailed and
ing for favorable winds The rates are for New York
packet ships for articles subject special contract
IRON 49, q iron bars and SunSe. s ana hoop
liza Sd machinery, 20s Messrs. Focke and Boult quote
the rates Of freight per transient shps az follow
York-weight los to It's Cd fne goods 20s hardware,
7s Sd earthenware, 6s Boston-weght 22s 81 to ass
hardware and ne goods, 2ss earthenware los Phia.
2O,. New Orleans salt o.; other weight Il Cd Ane
goods los to 20s hardware l5s; earhenwere 6 BaIti
more weight ab,nt 2os Hne goods, sos hardware, so;
earthenware, las 3d.
AMERICAN Provisions, &C., or ls4&--we have the
pleasure of laying bsore readers the Circular Of
Mersrs J. and kirkpatrick house most extensively
engaged in this trade
The result OF the trade with America during the pest
year In provisions and other articles Of modern import
warrants us in speaking with still confidence Of its
growing importance Tor, while the aggregate imports
show q considerable those Of the previous
year. the real advance which the has madc hss
been much greater and more encouraging in other
pec than the mere increase In imports would evidence
were made, in complete ignorance Of the qualities
suited to the English markets, and which resulted
rations Of the past year being regulated by the
known wants Of our market, and the guidance Of
past experience have only been attended with pro.
n to those concerned, but have served also place
the trade on more safe and permanent o,ting The
position Of cur market too In Of stock presents
accumulation Of old and inferior parcels interfere with