The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-09-16

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prinoipA holders. High epes entertained, and
those whose predictions bad been considered sxtrava
phsciss Our quotations at this time reached the ex
treme limit Of the season being for mddling llk to
I'M good middiing TX to mddling fair - to i2s<
entirely nominal and rather the asking than the selling
prices; sales Of Importance were made SO high
stand, and remained wholly without transactions for
several days when unfavorsbs accounts Of the Euro
Of cent per ID produced decline almost As - rsud
the previous advance and by the latter part of Feb
ruary, under succession Of discouraging accounts
from Europe, prices had receded to nearly the
opening rates Of the quotations being for
mddling az sH. good middling OK OK middng fair
ed somewhat and presented various uctu
ding to the Of the European accounts the rates of
rssh,,s and Of to the middle and latter
pool and the very great reduction In the ratio Of
sumption owing to the stoppsge Of many mills, and
working short Time excessive degree Of de-
preston, and prices carried down to OK ek cts
for midding az ok for good middlins, sN o 10 for
middlng fair, &C. 30 This was the lowest point for
since then the market has recovered materially the
range for sometime past having been loH cents for
low middling to good middng, &c The month Of June
and the early part July embraced period Of excessive
depression In Tennessee and North Alabama cottons
They had met with but little attention during the sea-
som and large supply had accumulated, for which
during period Of several weeks there was absolutely
demand and factors compelled to resort to ship
ments in order to reduce their stocks Some sales
effected So s cents for round average lists but
the stocks of Loussnas and Missssipps became reduc
ed they began to attract more attention, aud prices
improved materially there being large sales In the lat
part Of July and the early part OF August at 81
lOX cents for round lists The whole stock
SALE including all descriptions estimated not to
exceed bales the total stock. including all
ship-bOard. 10 23493 bales.
The total receipts at this port since LIST September
frovo ulla0 hall unt
includes 80 345 bales received from Mobile and Florida
which being deducted makes what term receipts
proper TOT 324 bales decrease of 33a 069 bas,
compared with last year In this amount there in
cuded 2345 bales received from Texas by sea That
Of s III, we
The total exports during the period 724 sos
bales of which 1868 bales Ghpped to Great Bri
tain to France % 920 to other foreign ports and
5960l to United States ports including $500 to Western
states The decrease. compared with last year, is
bales to Great Britain SO 800 to France O07
other foreign ports 60 69 to States ports The to-
tai receipts at all the ports to the latest dates
shown by our general cotton 1873 SIS bales
against 2O5834 bales to same period last year show
ing decrease of 2o7,7s6 bales This amount, however
should bs does not represent the crop
Of the United States 1t has heretofore and for series
of years. been the province of the New York Shipping
and Commercial List to compile q statement Of the
whole crop; and, should It be made up the usual
basis, what with the additional receipts at Mobile,
Florida aud the Atlantic ports between the dates in
table and the LIST September; the exports from
Texas other than to this port the on hand In
Macon, Augusta, Hamburg and Texas, and receipts
overland at Philadelphia and Baltimore, 1t is probable
materially from 100000 bales and sustaining the est
mates long since put forth.
Having thus with as much minuteness as our limits
ket in the disposal of the crop Of 1861 may be per-
mtted to devote brief space to the
Of the probable prospects for the one now advancing to
indeed, of many others which have preceded it
should render cautious Of too sanguine expecta-
lions causes Of disappointment may arise to battle
the estimates OF the most aStut0 calculator. With
this caution in view it behooves to be-as We
have ever been similar occasions guarded in our
remarks upon this branch Of subject Nevertheless
think safely venture to assert that the pre-
sent prospects appear encouraging for fair remunerstng
afford this encouragement the fattering promise OF
abundant harvests In Europe and the greatly reduced
locks Of cotton in the principal European markets
LIST ultmo only oil 900 bales against $3.50 bales
at date last year and about bales In s45
The total sock In France on the LIST July last 81 700
bales against 30 100 bales date year.
no very important deficiency. For stocks on the
continent, we have data ut hand The consumption
Of cotton in Great Britain under heavy stocks and ia
vorabe harvess, reached in the year lSa5 l574 303
bales and in 1896 s96 bales the first six months
ton has been 1884 bales against bales during
period last year showing decrease of 226 III
ton in Great Britain during tho first six months Of
the present and the two past years in ls45 32s
bales, 1s.e soSa ,s.7 asoss The srsstsst ratio
be that the average Of the past six months shows
falling of Of nearly 10000 bales per week 1t will pro-
badly require time under the favorable cir.
cumstances that likely to to this large
In the consumption. But il the purchasing
means OF the masses should DO b1
cheap food, there hardly be a doubt that marked
increase the present ratio will manifest itself
With regard to the extent and character of the food
crops Of Europe however which the experience of the
past year has to be point Of commanding
Importance, in its bearing upon the cotton interest Il
with the exception Of some complaint of the potato
disease In lrelsndthe accounts respecting the har.
vests comparatively favorable Indeed, as has
been the case t.is season-the steamer Of the 4th
August brought advices of great depression in the
markets Of England and this depression to quote
leading commercial circular Of that date was under
the influence Of fine weather for the harvest which is
progressing fsvorsby" Prices Of all kinds Of bread
stus lower than the quotations just received
by the Cambria and 1t was not until about the middle
of October that the alarm Of famine reached our shores
We devouty trust, however that the present season
will escape repetition Of the dread of misery and
death which have marked the progress of the past
and that the unusually hatering promise of abundant
harvess throughout Europe will be early and fully
realized.
Before closing remarks under this head II NAV
be expected of to make alusion to the proba
be supply for the coming season. This have ever
deemed an extremely delicate natter to touch upon,
1t involves interests of vast Importance wrapt
in so much uncertainty at this early period of the
season that an indulgence in any thing like positive
estimate would be an objectionable Presumption
Nevertheless be permitted to speak of present
prospects, so far as regards the region Of country trb
utary to this market and these happy to state
would seem to indicate favorable result than was
attained last IL is true that the crop late gen.
orally and In many sections complaint is made of
damage by rust and the Of the boil which
consequences Of the excessive rains June and July
and to which we have frequently alluded in our usual
market reports, But within the past few weeks the
weather with the exception Of the last few days when
rains have again been rather frequently has been highly
suspicious for the maturing Of the crops and should
long and favorable picking ensue may ressona
bly, be expected that something like average Weld
may be secured though 1t is confidently asserted that
what with the backwardness of the plant the damage
by rust, boil worm &c, under no future circum-
stances can full crop be made and the present
comparatively favorable prospects would be bghted
to u serious extent by early frost In addition
to this, and as q further modification Of the CON-
paratively encouraging prospects alluded to above
We are sorry TO remark that within the last
day or TIVE well authenticated accounts have been
received from the INTERIOR declaring positive terms
that the real caterpillar army wormthe species
that caused such destruction to the crops last
has made It's appearance in several of
ana mississippi, producing much alarm amongst the
planters hoped however that the lateness of its
appearance-whch Is not so early by nearly month
AS last year-wi enable the plant to make such pro-
gess before the worms by successive reproductions be-