The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-04-23

arstcersey Of wealth than we havethose who appear
to worship the merchant princess they called
efEngiand, and believe they do wrong, be
guilty Of nothing honorabe think that remarks
too pointed and too severe Fortunately for the
immense American interest involved in this matter
think just the contrary and it determination
before drop the subject this season. convince the
great planting interest that it must withdraw itself
from the hands Of those who have, from time i'm
memorial, regulated prices abroad just they
pleased, and have, by the system Of depres-
sion produced deprecated prices and taken mil
Mons Of dollars annually out Of the pockets Of the
cotton growers Of this country. There hundreds
of merchants in this and aim ost every other city in
the country who this feel in their pockets the
truth Of statements relative to the modus oprdnd
adopted by the immense manufacturing and CONNER
sial capitalists of Liverpool to break down. from time
to time the Liverpool cotton market; and it has been
practsed here before, with impunity The time has,
however arrived, when the planters Of this country
must protect themselves. They have submitted long
enough to the dctation of Manchester and Liverpool
and so far as our influence extends, intend using
It to its utmost to change the Of the cotton
trade. Liverpool has enjoyed almost the monopoly of
this business long enough and have the power
to establish it here. in this city and should be
than heathens If the opportunity permitted
to pass All that have said of the operations Of
Liverpool houses to control the trade, reterate
and here, however friendly to the parties al
luded to, deny the truth and justice of state
ments. Not one-half has yet been told.
The crop Of cotton this year Tor that coming to
markeC will be more than seven hundred thousan nd
bales less than that Of the previous year
ing which the Liverpool spectators made desperate
efforts to depress prices and force to sell them the
raw material at rates current last They put up
prices last fall to give impetus to shipments
Of cotton from the interior TO the Southern shipping
ports for the purpose of increasing the stock beyond
ability TO hold. The advance In prices had the
desired effect 1t brought out cotton very rapidly,
and the receipts for time in of year
notwithstanding the known deficiency in the crop.
As this fact known in Liverpool the bear
spectators in that port the work of depre
citation, and their whole capital, credit, influence and
all kinds Of MEANS brought into active operation
to break down that market. In the face Of such
immense power nothing in the shape of prices could
stand and the result just what might have been
anticipated Thus far the spinners aud their coadu-
tors were successful The next the effect
upon the New York market, and through this upon
the whole South Steamer after steamer brought out
advices of steady depreciation in prices in the
Liverpool market without affecting holders much
here. The accounts sent out in return the Liver
pool bears, anything but satisfactory They were
evidently astonshed at the stcadness of
and the frmness Of holders here but they kept on
hsmmerng down prices with all their strength While
these Liverpool capitalists putting upon that
market every bale of cotton they could get Of and
doing everything to make holders in that port believe
that the crop this year would be at least bales
and the Manchester spinners keeping of the
market, purchasing only what they actually
compelled to-literally from hand to mouth-holders
IA; al md L.,
position, by accounts from the South of rapid falling
of in the receipts at all the ports and daily accumua
ting evidence that the crop would not go mil
lion Of bales. Manchester and Liverpool looked in
vain for the breakd down in this market calculated
upon, and they will have to look much longer before
they will It. The steamer Niagara which left Bos-
ton the Sd Of April carried out relative to
the crop and the position Of this market which
have been particularly dsagreeable TO spinners and
bear SPECTATORS the other side IL will be seen in
Liverpool by the Niagara's advices that there has
been falling of In the receipts of this year. CON-
pared with last of 45s 900 bales and that the total
crop would be considerably less than 100000 bales,
and, probably, would go under 100000. These
counts must have fallen upon the Liverpool market
like thunderbolt, and the spinners must have been
overwhelmed with astcnisbment at the complete and
sudden humiliation Of all their calculations. The
small spnners doubtless at opened their eyes to
the deception practsed upon shem by the great regu
ator and have felt that they have been imposed upon
and made tools Of
The Niagara, probably, arrived at Liverpool on or
about the 18th Of April and shall have to wait for
the arrival Of the steamer leaving that port the
th inst Saturday last for adsices showing the effect
Of the Nisgara's IL Is our impression that the
Canada the steamer Of April eoth from Liverpool will
bring of advance Of at least half penny
per pound, perhaps three quarters Of penny per
pound and reports Of great activity In the
ket. Advices by the steamer nearly due the
Cambria, April 18Th will. probably, show very little
change in the Liverpool market and we should not be
surprised to reports of slight decline, with limited
sales This is impression, from the fact that
later could have reached Liverpool between the
departure Of the America and the Cambria and the
bear spec ulators may have succeeded in hammerng
prices down little Such will In opinion, be the
Of trade and prices aud Il has been
realized shall avail ourselves OF the opportunity to
nj the lapterg n little bit Of advice.