The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-12-16
Cotton Trade.

Our last was under date of 3Oth utimo per Acadia in
had Of for the on last
days had assumed steadness Notwithstanding the
continued difficulty of efectng shipments This firm
feeling on the part ofhoders, Joined to correct
view Of the probable amount of this CROP which
to have gradually but orciby arrested the attention of
those operators who placing their reliance upon the
nominal capaby of production alone lose sight Of the
facts that TOR the last three years there has not been
ton that the emigration 10 Texas of weather class
Of planters has caused crop to be lost that other
large planters in Louisiana aud lower Mississippi have
gone into the culture Of and that during the last
three ninety -four sugar estates have been
tablished, and many plantations still passing from
cotton to sugar Formerly cotton at six and half
per To- considered return to the planter equal to
sugar at four and half cents; but allowing the greater
out of ten is Occurred from rost anS for y's sbs
recent improvement in its manufacture, it is now
thought that sugar at four and half cents. is fully
equal TO cotton at ten cents 1t is mistaken opinion
that the industry OF the South only be directed to
the production of coton and acting this idea the OBJ.
ect OF spnners for the last five years. to have
be to drive the price of cotton down year by year.
without regard to the interest Of the producer SO
the effect that might have been foreod and the ppo
duction laDguishing for the want Of encouragement
mas now De e s oy the When
ket arguing from short supply OF the staple we were
in advance Of public opinion here; but each successive
steamer has carried out accounts conf matory Of the
views emphacally expressed date and since
the departure of the last packet, have had steady
enquiry at daily thening rates large portion Of
which was for shipment, the market closing last week
at advance OF full three quarters of q cent per
Id. on grades below middling fair" and half
cent on the better grades, over the prices ruling
the lst inst. Our last advices from Liverpool per
Caledonia to 10th ult received at dusk on satur
urdsy 9Th inst and although the Liverpool market was
not strong consequence of the pause in speculation
there yet the falling of in the receipts OF this crop
had remained steady and the has reached
poiat at which the comparative receipts and exports
become interesting especially unusual cause
has existed this to detan free arrivals the ports
but the contrary they should haze been expedited
by the high prices and in sections the increased
facilities for reaching them Exporters in Of all the
facts reviewed above for the present low
currency existing the other sde and by their recent
operations, place confidence in better state of things
when information of the probable supply 10 more
widely disseminated. The sales for the week ending
9Th inst. 5000 bales For the week ending 18th
inst, 10000 bales yesterday, the market rather
bare of samples except at very high rates. and the sales
reached 1000 bales.
The in the staple in this country this sea-
son. compared with those fhetwo previous years. have
been 80 follows -
Bales
Receipts at ports of the u since Sept ls4s. 447sl2
I" :" same period last year s2s, SOC
Exports from U. s. since Sept 1, 1885, 1919
!" +" same period last year scs..ss
The receipts at this port since the LIST inst amount to
TO- bales Exports for same period 1854 Taken by
spinners 600. Taken speculation $4,000. Stock in
city 30OOe Amount ON sale 10 0e0 bales.
The closing quotations in this market
nexed -