The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-05-06

where outsiders viii take hold The way these fancy
stock and other speeuistions are got up amusing
and exhibits frequently the part Of the orirn.,ors
great shrewdness and knowledge Of human uaturs IL
is nerestiDg to watch the Of some Of tb...
geniuscs They remind us Of skiful angler osbip~.
for gudgeon. Sometimes they get a nibble then =
good bite frequently they get their victim almo,s
within reach when the hold gives way and he escapes
once in while they bag good fat fellow Zone with ~
long purse) and then they have fine feast The
ways of Wall street devious and past finding out
The receipts at the Office of the Assistant Treasurer
of this port, yesterday amounted to s72470 g. pay
ments, Sl74,6l2 o. Balance, SI.475,9s1 u.s.
The steamehip Canada, from Liverpool does not
bring such great advance in quotations for cotton,
as anticipated The Manchester spinners are making.
desperate effort to keep down prices. The annexed
paragraph from the liverpool Mail of April 18Th give,
for the purpose of showing how the organs of the Brit
ish manufacturers talk about cotton.
To us the late rise in cotton seems an enigma The
general trade in Manchester and surrounding districts
Is highly unsatisfactory The home market il bad
as IL can be, and destined to remain We not
aware of single foreign market which holds out
temptation 10 ship to it, without 1t be Calcutta, and
there the result would be very doubtful The stock
cotton in this country considerably larger than it
was twelve months ago, and We the point of
ceyiDg the bulk of the American crop. Much stress
is laid by spectators the reduced receipts into
American ports compared with the last year but;
II they will refer to the previous when the crop
1880 coo bales they will find the present receipts
of GOO 900 i'm of that period But even sup
posing that the crop not to exceed 100000 bales
the present reduced rate of consumption, and which,
has been going for three months will the sup
ply to be ample. or equal to an abundant crop. The
recent pure bases speculation timed and RASH
and will probably defeat the object of the parties
torng into them In the spring of last year the Anne
ricans were free If not eager sellers of cotton and our
merchants and others had been able to contract for
large portion of the crop. Now the is very differ
the bulk of the crop being held by the Spectator
e. a,l,f lad l...-
left TO himself he would have been compelled to have
sold II to the highest bidder consign it, As the
matter stands at present with the ourshng
sent out by the last steamer he will perhaps consgn
The far received in the States from France
and the continent have been of very unsettled ma
turc, that may yet get of the present crop
than was calculated upon. Last year, at this time,
cotton so per cent lower than and yet there
enough for the demand.
Holders of cotton here do not consider the rise in
prices enigma. and the cturers Of Manches
ter have probably solved their enigma before this The
consumption of American cotton in Great Britain for
the first three months of 1850, has averaged about
twenty-four thousand bales. The average weekly
sumption. for the first six months of 1Sf9 twenty
tho assnd bales, showing thus tar falling OF
of but three thousand bales in the weekly consumption
Last year Britain received 900 bales Of Anne
rican cotton this year she cannot possibly get over
$50 900 bales and probably not than 100000 bales
Sometime previous TO the arrival Of the steamship
Canada rom Liverpool, gave IL as opinion
she would bring advance in cotton Of full half
penny per pound, and perhaps threequarters It ap-
pears by the accounts that the advance actually
allied. only one-eghth of penny per pound The
accounts taken out by the Niagara had the effect
anticipated but the combination in Manchester ana
Liverpool succeeded in keeping prices down. in
venting greater advance by offering to sell any guam
tity Of the staple at quotations little above thoss
previously current, and by the publication Of
circulars Of agents OF English houses here Civ
ing the most ridiculous and extravagant state
nents relative to the crop coming to market We
do not intend distinguishing any of these agents by
giving their names but have in the hanchess
ter papers their circulars which will lead their princi
pals astray and them to lose large money
This, however is their business; and II they
ploy people here to give them false information they
must take the consequence. Holders Of cotton In t.
this country too strong In their position to be nu
eneed by any attempt to break down the LsverPesS.
market. Nothing will draw the material out on
their hands but high prices, and the Manchester spin
must toe the mark, later Those who
come In early will have advantage over those who
hold out until the last moment.
The manufacturers Of Manchester have made every
effort to disguise the extent Of the consumption Of
ton; but the Official OF the government have
exposed them. IL appears that the exports OF manu-
featured good. and yarns for the three months Of
1850. have been greater, both In quantity and value
than for the corresponding period last year and the
amount Of raw material consumed must therefore have
been fully equal TO that for the first three months OF
ls4e According TO the reports Of Liverpool brokers'
the corruption Of American cotton up to the LIST of
April this year three thousand bales per week ss
than last but when II Is longer object 10 rcpresa
the truth we sha find that the pton thl. yca.
has been much greater than nov admitted
he " -.
game In regard to the Of the raw material
for consumption between Liverpool and MANCHESTER.
and IL l. stated that than 40 bales have beer
forwarded 90 Manchester for than appears
In the regular weekly reports All this will soon come
out when We shall something that win give cotton
SPECTATORS on both sides % the Atlantic a now
wrinkle
We confidently looked for vcraeaion of the stoc,,s
account by the steamer just arrived for It will be re-
collected. that the 1st January last, the cotton.
brokers at Liverpool taking stock found that there.
was about 1000 bales more than appeared by their
general balance. which about 100000 bale. This
fact created great sensation thcrv the trade had
to bear the odium ~ attempting 10 deceive spnncrs
by stufng them With stock statement NEARLY 100 Ooc.
bales lees than existed In reality aud than g per
cent In weight Of their entire stock We lca-n or.
inquiry that the Individuals composing the firms OF
the cotton brokers In Liverpool upwards Of q,
hundred and atty, Of which number some thirty are
capitalists partners who do net attend 70
tails oftho business and uPwars q
~ are members II The Cotton Broker Association
AZ class they are a. honorable and little given TO
deceit ~ the members comprising the firms Of the,
" Cotton Commission Trade 4" They have In their en-.
roy, a. clerks and aprrcntiees. hfses hu ndred
persons The competition of the trade s very great
and great pains 4 taken 10 approach areurney ia their
different weekly circulars aud slips 81 the MARKET.
'till With all this competition. and their Argus eyes
not one Of all that numerous class % principals or
rleFks-in small stock only abcu, forty per cent Of
~hat they carried In the ramiest days q Manchester
when she dictated TO the cotton planters fthe south
he price her millionaire lords 81 the loon would
moose TO pay for their production not Of them
lreamed there error aud twenty-five per cent
more stock there than their balances correctly aia
a weekly. at their regular meeting. Thursday
hight, called for Aud yet. whom detected thor al
owed the amount to b. added Into thelrstoek account
Ind have carried II forward regularly Undr the e.