The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-09-16
LIVERPOOL CLAsnpIcArIoNs

We annex the annual statement of tho Cotton Trade
OF New Orleans for the year ending September l 1916
from the Prices Current" of that city =:
NEw ORLEANS Corroy TRADE, Is45 AVID ls4o.
The season commencing the LIST September last
be said to have opened under highly fatterng prospects
for ready sales at fair pricesA position of the market
in favorable contrast with the gloomy features which
cheering promise derived from view of the unpar-
aleled degree of activity which prevailed in the
iaetures both OF Europe and this country and bright
standing the early impression which prevailed that the
crop would prove large one As the season advanced
however its progress demvns ated very material fall
ing of in the amount of production. compared with
the previous year--a circumstance which would un.
quesuonaby have led to important enhancement Of
prices under continuance Of the favorable features
which marked the opening of the commercial year. But
this conviction became strong enough to act upon
to any important extent variety Of adverse elements
were brought into operation which tended in material
degree to dsappOnt the hattering antcipaions that
most prominent of these obstacles prosperous pro.
gress in the market the partial failure of the grain
rawa shares both in Engand and on the Continent
and the consequent tghness in the money markets the
agitation of the Oregon questions the gutted position Of
the Asiac markets and variety OF other impediments
which not calculated on and which need not here
be enumerated. The excessive depression Of the prev
Gus year, however has been avoided, and the closing
rates q fraction higher than those which prevailed
at the opening of the As regards the crop Of
lsi5 early manifest that excessive drought for
long period had materially curailed the extent the
production in South Carolina Georgia. Alabama sc !;
but same time an prevailed that the in.
creased yield in the sections Of country bordering on the
Mississippi river would far to terbaance the de.
hciency in the States on the Atlantic, The result how
proves that this calculation widely erroneous,
and is another among the many instances record
which evidence the futlty of early estimates Accord
ing 70 our general cotton table, to which beg refer
the total receipts at all the shipping ports up
the latest dates amount TO 056 3l4 bales against
36l 9s bales This amount includes 1891 bales
at this port from Texas while that State still
reign country; and when this item is deducted, and
tain additions are made for the stocks hand at Macon
Augusta and Hamburg, the receipts overland at Pha
depha and Baltimore &c. the crop of the United States
as made up by the New York Shipping aud Commercial
List will probably be far 900 bales against
239i, 500 bales last year This amount, however will
not include any shipments which may have been made
from Texas to the Northern ports to Europe
the 10th day Of February last the date Of the transfer OF
the Custom House to the United states, of which there
published accounts, but which, as well as the
stocks at the shipping porsif there be anyhow pro-
perry belong to the crop of the United states We have
arrived at the proper point for brief exposition Of
the progress of our own market.
The first bale Of the crop Of ls45 came to hand on the
3oh July being days later than the first receipt Of
the previous year For many days subsequently, how
ever only few triing lots arrived and hot until
the latter part of August that any sales of
took place the rates in these transactions being ~ q
cents for good middling TO good fair with toersby
ready demand for France Great Britain and the North
particularly for the finer qualities On the LIST sepem
Der the receipts of crop had reached 6s46 bales
against $40 bales at the time the year previous
and our quotations were IA cents for good midding
10 good ind fine During the first week in September
owing TO the limited number Of buyers, accommodating
stock and echnipg exchanges, reduction OF Is y
cent TOOK place the low and middling qualtles The
Inner grades being well sustained, owing to their
Psrsve scarcity and to the fact that thus far tho demand
mad been almost exclusively confined to them During
The iemsinder of the month Of September the market
sAoi,ed put moderate degree Of activity, being I'M
vorsoy influenced by apprehensons Of short crops Of
ureasuns IN Europe, particularly Great Britain though
prices were toersb.y well maintained On the LIST DC
onet accounts OF more favorable promise of the grain
o GREAT Britain which had led to extensive sales
OF cotton IN Liverpool at advanced prices produced
Improvement in our market of "a of emit and prices
conunued 10 De well sustained until the close of the
month, when the market was again unfsyorably in.
huehced oy acvices from England of a large stock.
ugnt money market and deficiency in the crops From
tns PERIOD the market moved forward with ho.
tusuons as lnhuenced mainly by the favorable or un-
lavorsoie character oil the European adyices though
without exhioling any extraordinary feature calling
Tor more EXTENDED detail IL may be remarked houevsr
upon general view OF the seasons business that fy
degree oi steadness has prevailed prices the extreme
fluctuations FOR the mddling TO middlng fair qualities
being on and ~ s3i cents--the highest i'm The
middle 81 October and the lowest in the latter mart Of
May when a sudden adv snco in reights and decline b,
exchanges added to other adverse influences The
closes with light stock in factors hand the
whole quantity hand including all shipboard not
cleared, being only 6S32 bales.
The total receipts this port since lat September last
from all sources 1908 $50 bales This amount in
cudes Ia $40 bales received from Mobile and Florida
which being deducted makes what we term our receipts
proper Ol 3s3 bales In this last amount there in
cluded 1891 bales received from Texas between the LIST
September and the 9th January at which latter date tho
cotton OF Texas ceased 10 be considered foreign pro-
ducon so that the actual receipts Of United states cot