The daily crescent. [volume] ([New Orleans, La.]) 1848-1851, 1850-12-07
Cotton

We observe with much pleasure renewal Of
the very commendable efforts on the part of the
New York Herald, in the paper of goth ult, to
cause fair and honest account of the stock of cot
ton TO be taken in Liverpool at the end of the year
All artiice and suppre of truth eventually in
lure those authorizing or countenancmg such and
does it not very nearly affect the honor and charac-
ter of the commercial community of Liverpool
merchants and brokers particularly - that their
statements and figures should be accurate and rea-
Bile? tits well known that both of the above classes,
merchants and brokers, issue, each house, printed
circular which is extensively and publicly circula-
ted sUery geek and that the brokers ISSUE as an
ISOLATION, general circular also, which formerly
has been much depended on.
The accounts of stock adopted in these published
statements and circulars, have long been suspected
Liverpool merchants of the very highest character
have pronounced them false and unworthy of credit
In this country the figures adopted by the circulars
of the brokers and merchants the stock Of cottoT
in England are not at all credited, that the mer
chants and brokers of Liverpool find that both II
England and in this country their reports and state
ments are suspected and discredted.
The Herald's remarks on the necessity OF sucl
fairness and accuracy to command confidence
very forcbe and proper, and of the entire feast
bility of obtaining correct account Of the stock
cotton in Liverpool at the close OF the year, il thu
merchants and brokers really desire such we con
cur entirely in the views expressed in the article
| the Herald. But under all circumstances, and
the labor or difficulty were tenfod Liverpool owe
it to her own character and sefrespect, not to haV
such an important statement the stock of cottol
suspected and pronounced false, sent on here b
| every weekly steamer.
Honesty, accuracy and fair dealing, demand at
tention to this matter; and we hope that such
fair and reliable statement of the stock of cotton i
Liverpool at the close of the present month ma
come out as to be tied to, and receive genera
| confidence.
| Although the present article was commenced t
express our views on the above important subjec
we will take the occasion to say, that the account
| from the country in regard to the incoming Gro
of cotton, are more and more confrmatory of
yield not varying much from two millions OF bale
| The frosts of October were if possible, more de
structive than at first apprehended, involyin
| almost total loss to the late planted and unmJ
| tured cotton and as the picking season is close
and closing, the planters find IN the min Ting nj
| that they are greatly disappointed even in the
estimates formed in November; indeed, sing
fortnight has shown such disparity between the
expectations and the result to appear almost il
credible.
Taking, also, into consideration the importal
deficiency of weight of the bales of the presel
crop, the Herald's estimate of 1926, 900 bales,
the aveage weight of last year, or its equivaen
for the yield of the present crop, may not be foun
far out of the way.