The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-08-01
Cotton Trade

reference to our report per Caledonia on the 10th
well supplied by holders-after hi departure pressing
desire to sell evinoed by house holding large sup
ply New Orleans cotton and az there was no export
quotations readily accepted. With the exception
Of this movement, the market quiet until the 18th
inst the day received the letter mail this packet
with dates from Liverpool to Sd inst summary of the
news having been received On Saturday l7th inst by
rather unexpected at this time most sanguine hold
ers not anticipating anything further than strong
demand AZ At "n advance Of full half cent on the
minal quotations, was Immediately experienced, the
sales Of that day reaching twenty-five hundred bales
freight at three eghthH Of penny The demand set
ting In particularly mddling New Orleans they
advanced to IN cents, from ten and quarters,
the nominal quotation, at which rate good cassif-
ation freely during all this week the demand
tinued undated and the daily sales about the
extent prices rather hardening up towards the
freight also was held rmer and gradually moved
up to halfpenny On the Goth instant the market com.
menced to assume its former quiet aspect which has
continued to this date with reduced amount sale,
and at the close purchases to limited extent Of de-
tnched parcels effected at decline of quarter of
taons to the closing prices by advancing them half
cent on those of last report, remarking that at
for the week ending the oath instant 4oOo bales
This week to date 5000 bales. The deficiency of the
tins ea as sne
to Great Britain 297 900 bales To France l2 900 bales
making a total deficiency of 44s 600 bales
In relation to the appearance Of the next CROP
not continue to give favorable account In
Last report At that date alluded to the favorable
appearance of the plant in Lower Mississippi Louisiana
South Alabama, Florida and Texas-and that the only
danger to be apprehended that the heavy rains
which had set in there would food the country and
der the ground incapable of being worked and that the
natural tendency would be excessive growth Of the
weed causing the plant to to stalk, in lS40and
also creating exuberance of grass which would be
impossible TO and which would be fatal to the
second planting which much this depends
Since that date the rains have continued the
greater part of the above States and also Geor
gia and South Carolina with but little intermis-
sion-Florida and Texas being alone excepted
and we think the prospect now more decidedly
adverse for good yield, than during the last ten
years. Several correspondents write, that many
plantations completely submerged, while others
the squares and hollis already rottng off, and drop
ping profusey Should the rains succeeded suddenly
by spell of hot dry weather. it will beyond question be
fatal to the CROP nothing but the most favorable
ther during the remainder Of the season. late frost and
entire freedom from the caterpillar give
age CROP and it IL not likely that shall be exempt
from that epidemic for they have appeared already In
as yet they have committed no serious ravages
MOVEMENTS OF CoTToN THE UNITED STATES.
Bales.
Receipts at ports of the U.S. since Sept 1916. 5O2s
same period last year. 2 o4s, 47s
Exports from U. s. since Sept l. 1876 ,O9s 272
same period last year. 81 $40 S 81
The receipts at this port the LIST inst has been
$1,000 bales. Exports 10000 Taken by spinners 900
taken speculation 3ooo stock in city amount
sale 10000.
The closing quotations in this market were as an