The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-02-25
le closing quotations in this market were az annex
QUOTATIONS ToR CorTor


NEw ORLKArs, Feb. I2-The annexed review of the
market we take from the Commercial Times circular Of
Since the departure the Hiberna in which We last
had the pleasure of addressing you, under date Of the
18TH ut, the cotton market has gene through more
remarkable series Of fluctuations than have been sxps
renced for many years past. In the brief period of
month prices after advancing fully one cent and half
have again recoded to the Same extent, and
level with those quoted in our last circular.
Tbs market then was brisk, at range Of l0x l0kc
per h. for middling to good mddling, at which rates
moderate business transacted up TO the date of the
2lst ult inclusive the sales having amounted to 00
bales On the following day we received advices from
Liverpool via Savannah TO the 9th December, which
had,a decided influence market as purchasers i'm.
mediatey came forward and took $1,000 bales Of which
portion was on speculation at advance of u hc.
per ID The entire transactions for the week ending
the 23i, reached ~ 900 bales.
On the 9Sh adrect arrival from Liverpool up to the
18th December, brought accounts Of still more exciting
character on the strength Of which prices went up
lc the quotation from middlins to good mddlng being
Ike. lac. per 10. During the whole of the week,
however, the market extremely irregular and the
business materially restricted buy not dis.
posed operate until the receipt Of the steamers news
whilst holders seemed equally 10 efsctng any
sales Of consequence THE week closed anguidly with
transactioas Of merely IA 400 bales
AT the opening OF last week tho market extreme
~ dull and the sales of the LIST instant only amounted to
4eo bales On the 2d recsived brief telegIsphic
abstroct OF the Hiteynias news but in imperfect a
shape as to divest 1t Of reliability nd the day passed
over without bringing to igha solitary transaction In
the absencs Of any further advices tho following day
was equally quiet the business being restricted 400
bales The full accounts ana privsts spondence
came to hand ON the 4h and after delivery Of the letters
agood demand sprung up, which was however, imme-
diaeiy checked by the difficulty of eaecng freight
gaSemcDts, and the enhanced rates demanded by ship
masters Under this influence, prcss began TO droop,
and closed last week at decline Of NC X,. per Id.
The present week ushered in with sales Of - 600
bales on Monday and Tuesday, at a reduction Of "a x
cents and the rapid rise In reighs has within the past
two days, caused further decline OF Nc at hch buy
ers have shown disposition to operate but the
actual scarcity Of tonnage port prevents the
nation OF any very extensive transactions Yesterday
business reached 500 bales with very unsettled
ket rendering difficult to quote accurately although
the subjoined figures are considered approx mating
closely to the actual condition Of the market.
Within the first two weeks subsequent to the date OF
last circular considerable portion of the business
Of speculative character which has been partially
in swelling the stock TO s present ncon
vsnent bulk. Laery, however the purchases ell
for shipment and have been chiefly taken for England
and the continent Of Europe. The entire sales OF the
month amount to $4,000 bales.
Public attention has OF late again bsen directed towards
the probable extent OF the CROP and degree Of solicit
tude ~ evinced in some quarters the subject which
would seem TO imply lingering doubt to the correct
OF the earlier &c mates of the yield The superb
cia observer whose opinions are controlled entirely by
the comparative position of the receipts with former
years will point 10 the tables rs the most
conclusive testimony in favor Of increased produc
ton; but whilst some few may be inclined, in conse-
quence TO compromise their former estimates have
desire TO surrender at discretion yield convc
tons which the result Of mature reflection and based
moreover, TO some extent, the judgment OF those
whose position entities them, perhaps, 10 deeper in