The daily crescent. [volume] ([New Orleans, La.]) 1848-1851, 1850-01-26

BY the Canada friend at Liverpool has for
warded to us the letter below, containing some very
detailed views Of the prospects Of Cotton:

Prices Of Cotton.
by the Canada friend at Liverpool has for
warded to us the letter below containing some very
detailed views Of the prospects of Cotton
LryERfoor, 18th Dec, 1879
Dear Su-Asa Southern man, placed the great COM
Sa centre Of the world it highly gratifying TO perceive
ie orghtenng prospect which each succeeding day dis
closing m favor Of The Cotton planter From of over
production we haze arrived period when may safely
upon tie large surplus stocks of Cotton hitherto held
liverpool Big means of which manufacturers and specua
Were enaned to depre prices at pleasure, being cleared
OH and an active demand arising for much than
We are likely to produce of profound peace all over
u wed-abundant and cheap money, cheap food in Eu-
TO and trade not only rsvivng but active and profitable in
almost unexamped degree-under this aspect of affairs it
70 me Notifying and discouragng TO the manner in
Which you are daily sacrificing your Cotton which, under
existing circumstances, would this year have commanded 2
10 cents as readily GIL had you limited it in the open
ing oil the season. and shown proper degree of rmnes
In October last, the receipt here of the first reliable
ne WIS OF the probability OF short crop the United States
Ooon rose IN few days fully cents pound IL
Ton mddng Orleans and Mobiles This would have justified
further advancein market IA Is under the
ten existing circumstances of the case; and had planters
eylnced their confidence short crop, by demanding and
aeherng TO these prices for few weeks they would have
been obtained, for this market would have gone up
quence and should have had Cotton brisk this
msIfet at Is@Ssd; but instead of this planters tumbed
Their Cotton into the markets in such quantities. and evnced
such eagerness to SELL that wonder Cotton decned is
astonishing u1at II du decline than II mas
about I'D Manufacturers became dsustful of deficient
supply for they, if the crop actually short
represented, planters Certainly would not be so stupid to
accept these prices, particularly under the present favorable
condition Of comm erca affairs; hence they have carefully
kept out of the mPke determined not purchase than
their immediate necessities required until more definite
and reliable information obtained to the probable amount
OF the crop here believes, however, that prices would
decline mue il from present rates, even should the crop
turn a,5OOOO bales, for that would be enough and
should it fall short of $50 600 bales am confident
1t will there is no telling how high competition among specu
lators and manufacturers it. should not be sur
prsed, in that event, reach shilling pound
before next September. would therefore you limit
all Cotton yet usod Is Immediately, and stick it,
little stagnatOn may be caused by if for few weeks, but
rely upon you will obtain price in the end And why
not limit Cotton? You do with everything else you
have for sale Cotton alone, the most important of them ALL
crowd INFO the market, and accept almost anything that
buyers feel ncneto offers and thus You yearly
mized that horde OF Manchester manufacturers, New York
and Liverpool spectators become princes. 1t is high
time this should be stopped and planters learn look upon
their hardearned produce article OF real and intrinsic
Vaue and not GRcUHbraRee, TO be got rid of any
sacrifice ater myself and congratulate you it, that all
the t. and cent Cotton has been Sold and will hereafter
be found in markets; certainly planters will only ex
ercse little prudence in not increasing their culture,
boring that one at 10 better than cents
and never be in hurry TO seh the great and important
point. Planters will, fear, be slow believe that if they
were to keep their Cotton at home and send forward
that it would be hunted up by buyers like California gold
yet such really the fact and ii they could be induced to
adopt this system generally they might sell their Cotton
TO their entire satisfaction, their DOORS such the pre-
sent condition and prospects of the Cotton Trade.
Place sort OF reliance upon any wanged story that
may be got up to Affect Cotton njurousy. Last fall ana
winter they put it down nothing by the cry OF revolutions
wars ETC., when the result has proven that fighting people
out shirts and brooches faster than peaeeabe ones
Neither threats to stop, work short time, of hands,
spinning fine, uuremuneIatng prices, etc, Getaway with
all such stu got up merely to put down Cotton such eNpe.
ltgllg ngratfinf .,.ll Ia
Recolect that you have friends iii the commercial
worlds therefore become friends yourselves and to each
other, by protecting your interests Put down or destroy
that cursed telegraph system, which oy used an engine
against yOui foster and patTOnize domestic manufactures
railroads and other internal improvements, as means of Sc
curing and pepeuang your prosperity and Independence
and no adverse fortune materially inure you God bless
you all, ad may this reach time, and have its desired
effect in doing you service
In order show how matters are viewed here and that
have not overdrawn this picture give you some extracts
from highly respectable British prints Extract Lyerpoo
Albion, Dec I'D, 1873 Coming their shadows
before them, and the increasing faith in brighter prospects Is
giving buoyancy to commerce. The Bank of England pre-
sents TO our observation every thing that is favorable in
moneyed point of vew.''
The sales of Cotton; made up yesterday amount to
- 4u Dae OF which specuatOrs have taken $3.50 exporters
O and splnners ~ 500 bales, prices in iayo of sellers The
'ndsposon Of spinners 70 enter Market here
Iuy aware that their stocks light they have LOST ost
the case is different for every day is tending to liz he iprs
SION IN Liverpool that the present prices much in advance rs
ney are OF those ruling twelve months since are not inter
leHhs WIN consumption TO material The appear
ance OF the trade, purchasers this market will cons
queny increase the demands of holders In fact Inc i'm
preston daily gaining ground, that 1850 will show IN The az
gresaS hgler range oil prices than exists present Oh tie
ground that the position OF Manchester the the money
market ana e probable crop OF American Cotton are equally
Gop alone requires proof. The G of the question e
ms: Nhat Is the quantity required be produced by the
present American Crop TO wants. Has any one
Hed the hsure IN his own mlnd2 Certainly not We will
axe the largest figure that IS at present spoken of namely
L9OOgo0 bales and we ask The proof of its sucency Will
out reference to an advance III pricesI -
Extract from the Monthly Circular Of Messrs Gibson Cr
Co., OF Manchester, I'D Dec, 1919 The quantity of
goods disposed of during the past month has been to an extent
70 clear on nearly our entire stock of all light fabrics and as
our nome trade houses are operating heGUg and must
any expectation that prices viii become favorable for hr
buyer but, on the contrary, looking the enormous demand
mar RHSt ARISE from The prosperous state of he c0unfr
and the progressive advance manufacturers are making al
over the word we are OF opinion that still higher range
will be established e0
such is the present and highly enYabe position not
only OF the planter but of all holders of Cotton.
The business this week (wh 200 bales today and very
1rm narke amounts to 49, O bales which 100 are on
peculaon, and 400 for export Fair Mobile sgd fair Or
cans, cad mddng to mddng fair, 4G961 adsay 12I$
gig eents-beiug an advance of ISd since last Friday
nd fully A93sd since the adyices per last steamer the
Cambria, with decided upward tendency in the market
et US see whether they will telegraph this also as a Decline
they did the accounts of the Caledonia at decline of
id, when II was an advance of that amount
A SOUTHERN PLANTER.