Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1847-12-17

tS'We have been permitted, by a gentleman
in this village, to publish the following circular
from a respectable house ia Liverpool. 10 a firm
in New York, showing the state Of affairs in that
country, at the sailing Of the last steamer. We
have omitted some portions Of rs not being Of
much Interest to our readers generally;
LtvKnruor, Nov. II, 1871.
Immediately aaer The departure Of the steamer
Of the Alb, the effect % the Eovenmcut authorize
uo9 % me bank Of England to extend her facilities
unaer certain restrictions was more apparent and
SLOW but gradually improved feeling 6ccamc zen.
efaL lhis has naturally caused money to be more
abundant The crisis At all events rs regards want
o. money, having all along been rather ono az want
y confidence than Of circulating medium and al
tnon8h discounts still range ffon 81 TO 10 pcr cent
q Is no lougrr question Of a6ify as formerly Win
solvent parties, bd Of rrfs and on GOOD securities
loans can be had AZ cali and for short periods A.
from 20 per cent Hitherto, each succeeding
steamer has taken out long l-f Of sfoppages, The
one however which this takes, painful enough as Il
Is, we are glad to saw at all events as far as Enr
land Is concerned, Is much morr circumscribed; and
although we are painfully compelled 10 state thai
We cannot expect 10 pass through such crisis as
the present one that has we must own been brought
necu. manly through the system Of overtrading,
Which has for wears existed, although doubtless
much aggravated by the loss Of the Potatoe crop
during lst5 and 1876, without having further stop
pages arising from the great deportation Of Pro
duee, &c. Sci still we are in hopes that we have
passed through the worst, and that We may hence
forth look for a gradual although SLOW resumption
Of confidence. The pressure which existed in April
ma May, and The long duration Of the present cr-
g, has naturally circnmscribcd the enraurments of
the country to Comparatively speakingl rery
moderate compass, and gold which has been held
by Individuals ns well ns Bankers begins 10 l,o,
he fnfIn - rf.rI -rTT
position IS now gradually improving.
me Cotton Market having been 50 fesrfully de-
pressed through the necdncss of some Of onr lare-
est od.sancing and Fecslafise Brokers, who were
compelled 20 force of their constituents produce
without regarl to price, lsales having actually hcen
made Of Fair Bowels at Al per 10, and sfidr Fair
Orleans at 3d. has naturally At once slightly feIt
the influence Of the general improvement. and
spinners and Exporters have been induced 10 enter
the market rather more freely The sales fbr the
week ending the l2ih inst summed up 26y4pO D.
OF which 1850 American were taken by specnlators
and Also Amer. and $50 Snrnf and Madras hv ex-
porters, leaving 1920 Bales 10 the Trade Irices
were firmly supported, and an advance Of "A n IA /
per II. Obtained During Saturday and Monday
ine 18Th and 18th there was good demand at i'm |
proving rites, the sales summing up 5000 Bales |
nc Cambrias arrival however, bringing such con
hieung adviees respecting the probable crop Of
ls4I-s ranging from millions 10 26Oo1n sles AZ
once cansed Spinners to waverand checked The mar
ket during the subsequent three days he sales l
have been very limited viz 900 Bales and We elo.e
with dull tame market at the quotations. being /
decline OF ID per ID. on Fridays rates
The advices from the interior although naturally I
gloomy arc still rufk.T better and more cheerful 1
tone pervades, there IS also partial resumption |
taxing place with mill owners In goods and yarn /
there Is fair business and were il noe for the ex-
IRENE difficulty Of negotiating there would have
been more doing for export
The tables al foot viii show that not only has the
quantity taken by consumer been very small and
consequently that there are stocks held by them
but also that OF American Is very light being only
10000 Bales against ISL 500 Bales last wear and |
that taking into consideration the limited supply
likely TO come forward for some months owing 70
NE great want Of confidence in the U. s. A. Of Bills
On England, our stock during the early part Of the
year j. likely to rule very low indeed
what the future course Of the market will BE- il
IS in the present uncertain position Of the crop Inn
possible 10 predict Doubtless we shall for some
Time be governed by the position Of holders aud ex-
lent Of forced rates required this cannot however
Be Tor long The late course of events has clearly
shown that notwithstanding the two short crops
which We hasehad- a crop Of 22O0m Bales would. al
The rates Of consumption Of the world during 10 !
months Of is47, be sufficient The stock Of Goods
In the country in first well rs retailers hands Is
however light, and with revival q confidence the
bulk Of the Mills would gradually return % full
lime; the 10 hours factory Bill, well the en-
haneed value and apparently limited supply Of Coz
ON, will We think, efiecfually check the eonsump-
ion from reaching 10000 Bales per week Tor sosss
peays % come Our market Is therefore likely 10 be
governed by supply aud demand at all events We
believe and indeed hope for some time t will be K
nee from the description Of reckless speculation
which has for years characterized II and 50 sig
nally broken down, 70 the almost ruin Of those who
seconded H. As well as to the bane Of the legitimate
importer.
The following statement Of the Mills during the 4
present month. viii probably be interesting via.
Iotdi No. IA fiR ur0rk- Al slaSt time. !Seppsd