The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-10-16
Cotton Trade.

Cotton Trade.
On Monday morniog, lth inst, we received advices
from Liverpool to 18th ultmo by the Hibernia Of de-
cline equal to three farthings per pound In staple
with further reduction in the amount taken weekly
ures in London, with the destruction Of confidence
sequent thereon, cast deep gloom over our market,
ing day the market opened at half cent decline but as
holders seemed to press for immediate sales prices
dualy became easier, together with falling of in the
amount of transactions until at the close Of the week
ending 9th inst decline Of full cent per pound
established On Monday Of this present week, prices
again fell of about quarter of cent at which holders
supplied the market quite freely but with apparent
anxiety to realize and the sales which have averaged
1000 bales daily have been made steady prices
We reduce quotations cent and quarter, to
form to the present transactions The purchases made
for export have been heretofore mainly for the CONT
mental ports Liverpool buyers operating only to limit
ad extent. The sales for the week ending 9th inst,
were 5000 bales-since, to date, 5000 bales.
Cur latest dates from the cotton growing section,
present the rains having measuraby ceased and the
planters were enjoying fine weather for picking cut the
crop This will enable them to save what has been made
in good condition 1t is erroneous impression how
to suppose that the prevalence of fine weather at
this time serves to augment the yield. The expe-
rence of cotton planting has demonstrated that
no blooms which appear after the 10th September
be relied upon to mature; and however favor
able the season may now SEEM unless frost should
be delayed until an unexpected and unusually late
period could not to increase the yield any
tent We had similar weather at this time last year,
and under its influence tn estimates Of the crop
raised, until they finally reached 100000 bales, while
the result showed that the only benefit that derived
from the the opportunity offered to
the crop in good condition. The damage which
committed while the crop in its most critical state,
by the excessive rains and the bore boil like
Of the of the preceding year. cannot
be repaired at this late day. by few weeks clear weather
particularly Is almost universally conceded that the
crop Ia generally about three weeks later The condi
ton Of the ground being highly favorable to early
frost expect to hear OF its appearance and
when its proper date shall be determined estimates may
be made with better foundation for accuracy and posi-
tveness.
In considering well the prospects for the crop it well
to refer again to the development Of the growth Of the
usually three formations of fruit the the
ground forming usually in July the second in August
and the last top crop in September The backward
Of the growth this aud the Of
weed consequent upon the excessive rains has given
great Importance to the second and the top
and some alarm Is now experienced by planters in
Alabama and Mississippi ut the spreading of the
worm and should it's ravages extend any wide
tent OF country must greatly the top formation
and destroy the fruit and render hazardous the
second formation.
The movements in this staple in the United States
this compared with the previous two have been
q annexed
Receipts at ports of U since Sept l. s47 Os bales
g. Z" same period last year SIS 9l2
year before .95 639 ="
Exports from U s since Sept l. ls47 =. .6s 957
same period last year. E. .3l.74I
year before. SIS 276
The receipts at this port since the LIST instant have
been 65OObales; exports, 10000 taken by spinners
1900 taken on speculation, 000 Stock in city
$4,000. Amount on SALE 900 bales.
The closing quotations In this market annexed:
LIVERPOOL CLAssiFIcArioN.