Washington telegraph., 1847-02-10
From N. oflsans Commercial 0ueuiar, Jan 81.

ffef ", tftffRs Commercial CfchtdTi jan ~
cuffoN.-ouT last report leil the Cotton mar
kei in very unsettled aud excited state, oonsc.
quenl upon the receipt on Friday, Of adyiees
lew days later from hiyefpool, via Savannah, TO.
porting material advance, which gave an active
impulse 10 tbs RaIket, resulting IN a large busi'
nusai and of considerable enhancement Of prices,
hadefs at the eose eai;aing still higher rates than
our quotations, which were advanced a full Of
cent TN Saturday tho increased demands OF
holders prevented any business VI much lmpor'
lance, aud the sales were restricted 10 some 3Vul
bales, al lall prices, though there could MT be said
10 be any aettled market Ga Monday the mar
ket presented a similar discrepancy btlweea tho
views Of buyers aud SELLERS, and only few lots
wefe sold IN the early part Of The day, amounting
In all to some 300 bales, but in tho afternoon tho
ship itfais afTvrd from Liverpool with dates
from that city the 10Th uf December, seven days
later than those received on Friday last by the
ship Aberdeen, via Savannah, Tho adyiers by
tbs arrival, III regard 10 Cotton, proved 10 ba OF
the masl Interesting and exciting character. The
greatly reduced stock, aud the conviction that the
crop Of this country would not exceed tn0 millions
Of bales, hai led 70 a continuance Of speculative
operations to an eAtagl hitherto unknown, aud the
salea Of the We ended on Friday, the lllh Of
December, are reported at lal gI0bales, icing fAs
laFgesf tsesEs business epsr recorded The sub.
se4arnt Transactions arc reported at $1,000 bales,
on Saturday tie 9Th, and on Monday, the l4ih.
after the arrival Of lhr Great Western, from New
York, with dates 10 the Goth Of November, the
matAri teeama still more excited, and $4,000
hairs are slated 10 have been sold on that day,
which would make the enormous total, for eight
bazInFzsdays, Of $4,000 bales PHecs had greatly
advanced, but the market Is fepie ien,rd IN 80 cK
eltsd slate. particularly ut the close, that strict
accuracy IN quotations was impossible. From The
DATA belofe Us we make the following sketch VI the
progress Of the market twill br rreolleeled that
the quotations bought by the Cambria steamer,
which len Liverpool ON the morning Of the 9TH Of
December. were Cd fof Mddiing aud a ! iof Fair
Orleans The circulars Of Friday, the llth De-
eamber, received here By the TAsmis. quole Or.
leans Midding at u, and Far at "a, thus showing
an advance TO that date Of d. The sales, Of Sa.
tufday, the l2ih are represented 10 have been at
irregular rates. bat generally at the "ull prices Of
Friday and on Monday the 18th, after the ARRIVAL
ol lhs Great Western II i stated that 5000 bales
Wefp sold, "al II ddpIHcS on Friddys prices
tbs advance, added 10 the quotations Of Friday,
as above given, would make the closing rates on
the l4lh, II for Middling, aud "A ia for
Far, and wauid make the whole advance since the
departure Of the Cambria, a I'd, and since our
last adFieas by the Aberdeen, received on Friday,
via saFaans, ! per H. The Liverpool Stan.
dafd Of the iolh, fep1Hs the advance In three
weeks 10 be I'd per ID, but this statement is no.
sustained by the eilauan aud correspondence In
our possession by tbs aud previous arrivals Ao.
eorIiug 10 our data the improvement IN this period
eaaaol exceed II, though the market was len in
a state uf excitement almost without a parallel,
aud with stiil an advancing tendency. The total
stock IN Liverpool on the llh December, is stated
Al 1.sUu bales, agains, 100000 bales at same
dale last year, and the proportion Of American
vas sh7,2u1 bales, against 652 200 bales last sea.
san. Since the feorlp, u these ady!ees our mar.
ket has been entirely unsettled, and /, is difficult
70 define It's position Before the Gows was gen.
ttallY known, some parcels were purchased al
Fefy full prices, though without any material ad'
vance, sud subsequently,, as parties became he
qlalalsd with the character Of the alyees, un I'D.
vance Of Of a eest Is said 10 have been paid
upon the previous asking rates The total sales
o. Maaday amounted TO about 5000 bales, Yes.
teriay, owing to the very high and irregular rates
demanded hy holders and the rainy weather, very
ig .e eseat plHs y aa9at 1870 bales Indeed factors
appear to Be Indifferent about selling until In pos.
session Of the lIibema's adyiees 10 tue i,h inst
which are about due al this time. As regards
prices, so unsettled aud Irregular Is lac market
that II IS quite impossible to arrange new scale Of
quotations with any degree Of accuracy, and we
ate constrained 10 omit altogether, for the momeni,
our usual table Of figures for the various elassca.
lions, unt the market assumes a more steady and
definite character Assume guide TO It's position,
however, We may remark, that on Monday Md
ding Tennessers were sold al II, and yesterday
M.dding TO Good Middng Mississippi at M
li5 cents per pound; showing an advance Of
OF a cent on our quotations u Friday last. The
total receipts a, this port since the rst Of sepiem.
Der, are 4J1,1lO bales, agains, i77.is2 bales At
same date last wear; showing decrease Of 76,772
bales; while 10 the receipts At oil The ports, up to
the latest dates, compared with last year, there
Is an increase Of l2,l9s bales In the total ,l-
ports from the unied States 10 foreign oounTi 8,
as cl.npsred with the same dates last year, there
Is decrease Of 1923 bales to Grca, Britain,
and 1854 to France, while to other foreign ports
there IS an Increase Of 81 3I5 bales