The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-09-21
The Cotton Trade.

NV YoHK, Sept. ", ls+9
The circular OF MIR. Thomas Stewart gives ths fol-
loving information relative to the cotton trade
In continuation OF my daily review of transactions
since ny last report the market on the 9th instant
very quiet culi with sales Of $40 bates prices
NEATLY &c below tue extr-m. rates paid receipt of
the Cambrias sdvicss Early on the morning % the
9th received the news PER Niagara, and . hrIner
feeling among holders sppareot; st the business
was slmost nominal lay 800 AGO bales. ON Friday,
tn. Tth the dunes prevailed until ths After
when tn. letter mail having been dsivered aud
favofsbly construed that til, tsrgsp sdvces
received previously Gales ran Up TO 5oo bales 1900
81 which we're for export On the sth, thu market
heavy holder. generally svinoipg jere - realize,
which met BY exporters, who toos 1900 bales, At
prices varying from previous rates to l4c d-cus On
Monday the 10th, 1000 bales we're sold, snd Tues
day about the same amount ebiehy for consumption,
the market closing prices slightly in favor
OF the buyer the total sales for the week being
bales o. Wednesday the i2tn sdsic.s per Europa
came TO hand, aud being more favorable team
looked for marriott strrng hsned little this desire
TO cell, however still continued sod IN the sbs.lcs Of
the letters hut few took place On Thurs
day The sales soo bates. at prices establishing
decline OF &c from the highest point % August
Frissy tn. sn xety TO sell eoutn aed aud
consumers end exporters took 900 bales st rather
easter prices On saturday 1000 bales we're o,d part
y specustion This relieved soms few anxious hold
aud on Monday, IN. lTth, the depression Of the
past week VA full, recovered and tbs market closed
arniy With sse. - 2sCo bales at re to 20 sdvsnoe
Yesterday, the sales rcsched 600 bales ~ further
sd,soc. # 40 to 20, placing my quotstions as .. top
The oinessi -tst.s-n. CT the crop Witch ciossd ON
thd Slst cit appear, BY the Shipping List % THIS
year and 77s 6sl halss year before Ths Iusatty et
IL the Interior Is lee. than fer the last zen years rhs
tvo laet crops both grown aud picked under ia
vorabe circumstances III. latter especially aud from
the best data have been able to procure, sm
,snced that thsy sie coliectis.iy rtsDdard OF ths
sstr.,e limit " s possible to push the cuttoa culture
Al this od thas s that under every favorable or
eum,ance f the growth and picking l. not pos-ibl.
10 produce and b~ crop much over 40 voo bs'es 81
which sbou, 20 ", ss vih GOT reach the ports bat be
required for the suppy mail i.ct9rss "a tue south:
err state IL viii be- reeoslsssrd that I maintained
this position In series 81 srno.es IN ny circuiars
nearly two years since, and on tbs s-tt OF Jsnusry
last, | assessed the actual growth OF teis crop A.
asls bales which stood BY In the spring ~hen the
general business e~,im DID not exovd 100000 70
cfthe caution e-iuce in making my estimstss sua 80
hsvo sgsn. for she third successive year been -in
aulafy seeurae In my deductions, think en- fsitiy
entitled to the credit oft
The sdvices from, the district oreraowed on the
Ped River reduces the Destruction there to 30 90
b.es; THU. hoaever IL 49, nj imuns esimat. and 10
takes greater importance from the fact that tn. snds
yield thss any other portion Of the great Mississippi
Valley and my New Oriesus correct ndsnt observes:
The dsmsge viii BE- better understood when se state
that the water three feet higher than the memo
rsbe rice - ls4f which very nearly destroyed the en-
tire crop Red RIVER escaping away In We reststiess
courte houses barns fences 40 80 Complaints,
also 81 the Appearance % the sees vsrn 80 general
thing dsiiy reach US; In wprd the present indies
,ed.asy unfavorsb'c for the crop then
we're the pro. pect. thre. weeks sssce NAM parties
whos~ nesns 81 judging are unsut passed, sd whose
opinion D. ~ weight. declaring that they are nov
egsipet all probrtsty 81 even a. average yield. A
weeks and viii b. bettsr nsslea 10 Judge
Of the extent that the crop ~ill be eurtsiied
Anne red the quotations
NJ