The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-07-01

The receipts at this port have dwindied down 10 6s4
bales for the week. from which il is evident that there
very little remaining the interior to come
We now enabled, with the data before form
very correct opinion as to the amount of the present
crop of the United States The general estimate
to be fixed at about 1850 900 bales which we think will
prove to be sufficiently the mark for all practical
purposes
In regard to the growing CROP there seems TO be but
opinion entertained in Alabama, Mississippi and
Louisiana which is that from present appearances the
prospects less fatterng than last year We presume
this is also or less the with regard to the entire
cotton region 1t will be remembered that during the
months of April and May the weather very unpro-
ptous constant succession of heavy rains attended by
an unusually cool temperature having fallen in that pc.
Rod In consequence, it was necessary to replant
large extent OF country, in many instances having
be repeated two or three times This of course has
greatly retarded the growth the plant and as an evil
dence that the whole crop is very backward as com.
pared with last year, we have not heard Of blooms
making their appearance The first bloom reported in
this city last year the 3Oth May We are pleased
to learn, however, that in many sections Of State
the plant has rapidly improved in appearance during the
last fortnight.
We call attention to the annexed circular with which
we have been favored by one Of leading Brokers'
Factors" at New Orleans .and in their remarks Of
course, lean to the planting Interestingly stand in the
hrst rank as merchants and their views received with
much consideration and respect by their correspondents
NEw ORLEANS, juno 18th 1876
The near approach ofthe close of the affords us
opportunity OF addressing you briefly in regard to the
which events have invested with more than or
binary degree OF interest Whilst the opinions NAV
must, to great extent, be OF q cOneCtura
ture dependent the supplies which another
may bring FORTH together with the numberess causes
which, in the present posture of political affairs arc like
ly to exert decisive influence trade yet certain
prominent facts have been elected during the progress
of the pas which cannot fail to shed much light on
the operations Of the future
Whilst for series of wears tho nroduction of cotton
gained slowly but not less surely the consumption
thus presenting the most formidable obstacle to any per-
maheht Improvement IN prices-the great falling off in
the crop now drawing to close has suddenly reversed
TINS position and has been the of placing the cot
on uae ior tne time being solid and durable
foundation The deficiency against last ear amounting
to about 20 900 bales large and unexpected that
e pubic n,na naturally creduous in consequence of
he erroneous estimates Of former seasons slow to
receive the impression Of so heavy discrepancy and it
Is only within the last two months that the full magn
tude Oh me falling on has really become apparent
IT, on this side of the water with the advantages and
iaclhties oil obtaining more ample and informa
on IN regard to the growth few parties found
wiling to place faith in the reduced of the CROP
the trade in England infinitely more reluctant to at
ach much reliance the assumed deficit and hence the
very low range OF currency which prevailed in the Lv
erpool market until laterly when the question of crop
peng no ongera matter Of doubt prices have rallied
ad IRON the lowest point Of depression Unfortunate
ly, TINS Improvement came upon own market a Pc
Rod when the producer could derive substantial ben
eh as owing to the rapid advance in freight and the
increased rates OF insurance growing out of the Mexican
war; the advance IN question for a short time
more Than counteraced The same causes still continue
IN operation although not TO the extent the market
having altogether recovered &c from the lowest scale
oil prices which were current three weeks since.
Inc last advices from England, by the Hbcrna of
highly favorable character, both in commercial and
financial point of view and certainly lead to the antici
patton OF more active and profitable renewal of trade
The Liverpool cotton market under the influence of
counts iron this side OF continued falling off in the
ceps at the various ports had exhibited great buoy
during the week preceding the steamers departure
which had resulted in advance of I'D per ID and
the general opinion of well informed parties appears
De, That the next semimonhly packet will advise of
fuDher improvement This impression derives great
support from the position Of stocks both in England and
on the continent of Europe which continued TO be in
pid progress Of reduction. In Liverpool the amount
remaining on hand 7sl 200 bales against sS4 600
last year showing falling OFF Of 03 400 bales. which
must be materially increased inismuch the exports
Great Britain have already attained deficiency Of
ly 100000 bales II may in fact be safely assumed that
on the 3st December the stock in Liverpool will show
deficiency OF 800 10 $50 600 bales against last year In
the Havre market the stock SO 500 bales against
~ 500 last year.
These figures speak conclusively for that
without entering into any elaborate argument they must
nd 10 place the future prospect Of the planter in
nauerng light than have been enabled to represent
mem Tor some two or three years past The only cir
ousnce that could materially affect these expectations
Moulu oe the recurrence OF overwhelming crop, an
ese. winch the developments of the thus far,
, lead us to apprehend On the contrary the ac-
Ioin various sections Of the country induce us to
wy oPposi'e belief inasmuch the cold and rainy
sp.s nas, IN many portions Of the cotton growing re-
sh ine.eo such severe injury the plant, that,
;M ~ sensu,ng on any estimates with regard TO the
We ey DC permitted to say that there Is not much
pioSPoe' Y, any great excess next season.
"eie"aih, very respectfully,
MAUNSEL WHITE u co.