The daily crescent. [volume] ([New Orleans, La.]) 1848-1851, 1850-11-02

During the week just closing, the accounts of the
growing Cotton crop from the country have been
pretty much OF the same character as those pre-
viously noticed in our articles under this head.
The iross of 10Th and goth October have done
some injury in Tennessee, North Mississippi, and
in the low lands of Alabama.
On the 2jth October there was a hail storm at
hatcher, which was succeeded by freezing weather,
represented to have eliectually destroyed the late
planted Cotton.
In connection with the Cotton interests,
present to our readers the circular of Mr.. H, B.
Gwathmey, which has been sent from Liverpool
by highly respectable house of that place to their
correspondent of this city, with the remark: Look
at the enclosed circular of Mr.. Gwathmey from
NewYork. OF course, place no kind of reliance
in so ridiculous estimate he makes, but then
the trade are ready and willing to swallow any
hing that would tend to produce lower prices in
our staple"
Mr. Gwathmey had just returned to NewYofk,
having left Liverpool on the / Ith September, and
yet with little time and such limited opportuni-
ties puts forth such an excessive and silly state
ment.
Our Cotton planting friends have had their trou.
bles in being obliged to suffer years of depressed
prices, (Mddling Cotton being as low as four cents
and we really think when there is almost Ger
tanty of very short crop, and favorable year as
to prices occurs, their interests should not be
assailed as has been done by Mr.. Gwathmey, who
it appears has been industriously aiding the Eng
fish spinners, in his crusade against our agrcultu
raj friends, the planters.
We are happy TO remark that our latest date,
| he to
goods, and that with an advance in prices, there are
more firmness and activity.
The large consumption in this country, including
the California and Pacific marts, must $,
reduce the stocks of American gooCs, as to caus,
general activity with the Northern mills.
As regards the prospects and condition OF thu
growing crop, we feel more and more convinced 0
the correctness of our opinions heretofore expressed
and that the yield will not vary much from
100000 bales
NEwYoRK, September a. 1850
Sr-When left England, Con the 1lt nstant) the
avices from this city the August and from III
CuIGn leI "ers Lor %
side CARED out information Of the occurrence OF sever
the I'D and 2 Of & SHgI O ' '
was at first believed that very serious and extensive nur
had been done TO the Cotton crop but from the best UtuTml
lion get on the subject, am inclined to think that tn
Gss incident TO the storm will be rather under than
Had the storm occurred month later, the consequence
might have been much serious but be well
add that the memorable of 18th September, 1924
9TH, Gh and 18th October, 1897, occurring, they did whe
the fields white with open bOIs, much less disa
TOus that generally believed the tmeand in the
the crops Of those far exceeded the estimate
formed OF them after the
The weather. for several weeks has again been popou
and have only repeat what said often while In Ems
and that consider that crop Of $500 to $500 NJ bales ma
be fairly and reasonably expected, and that such
be 100000 to 6OOl 100 bales short Of what could be produce
with such yield as that Of 1899 1872 and 200 900 300 O
short OF such as that OF 1857 or lS4s.
very early frost may bring the crop below $500 600 hr
il should moi occur than the OF the last
years, and the weather the meantime be generally ayor
bic, II would be matter of surprise if reach or eve
| slightly exceed 2,7OO,O0O bales.
will not offer any specuIatOns the efea price,
should the higher Lower estimates OF the be final
reaIzed and take occasion that in the views hav
expressed to the probable extent Of the crop, am,
believe, at variance with the majority those VIII
express an opinion on The sugeca position which hay
frequently occupied during the last years, and with
much success those who nave been in correspondence wit
me- 9haye been otherwise possessed OF views best und
| stand
The demand on this side for domestic consumption great
curtaeu many OF our taCtOre having been comp ee by III
and Others 10 resort reduced scale OF manufacture and
yet without lmp effect the Of fabric
Whatever the extent OF their wants may be Tor the
hatLE lsl September iSJl they are by means likely
exceed dulG3j,UOO month Tor the next SIX months. tt
quantity reported as taken tor their use is as follows
For the ending st Sepember lsiS. 5$3 900 ba!g
>, - " LIST September, 1919. Tee. .5lS,UOO IS
=" " " lst September, 1850, 5000 -
As TO the wants Of other Of the world, leave that
be discussed by those more competent to the task but
own OPINION tonne on late visit England that
depends, much important extent than general
admitted, tie prlcc Ct tie Rat,rial.
1t my present intention to lend some five or six weeks
Richmond, Virginia. aud then proceed TO New Gr.e0n
where IN the mean time am represented by an efficient
| reliable agent,
With a tender Of my services at that point,
am, yours very respectfully,
H. b. GWATHMEE.