The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-01-29

The circular Of Mr. Thomas j. Stewart gives the fol-
My last circular was under date Of 18th inst, and
prepared for the steamer Niagara from Boston 18th
The sales effected In this market for the week succeed
ing, were estimated ct TO- 500 bales The market ct
that period, closing heavy ct decline Of fully quar-
ter cent on the higher grades and nearly much on
during that period, which produced tho effect, were
the great disappointment felt ut the receipt Of advoes
by the steamer Franklin from Cowei confirmed BY the
Asia Of the discovery OF an Of stock ct Liver
pool instead Of decrease nom the average weekly
estimates, and the decline OF cent ct New Orleans
and n obile which followed this announcement which
war sssisted by the difficulty Of
atoms in tight money market and which diculty ~
It was then anticipated has since rather increased than
diminished, from the accumulation Of stock ct that
point; at one Of which ports, they are only
ceving the first cargoes from some streams tributary
usual first receipts 1t would be idle to say that
not disappointed at the figure announced by the
Board Of Cotton Brokers. the probable stock at Ii
verpool at the close Of the year The effect has not
been startling the former, owing in great mea
sure to conviction among operators on this side,
that II is impossible TO obtain accuracy, where
tual counts or examinations gene into, and wheth
correct not the pronul CATION of it, Is eQus to
il 10000 bales for nine months to ensue
it 10 probable 1t cannot be tested for that period
Al ough 1t has been ascerained since by parson
Of lists that in two instances the stocks
Of the bales in question, is sufficient for the spin
ming interest wAo appear frem the tenor Of the
leading circulars at Manchester at all times to have
implicit confidence in extravagsnt estimates Of
growths and stocks The sales from Tuesday 3st inst
to Saturday 18th, we're only about 500 bales daily,
and at prices steadily shade easier. On that day
received the Arccs sdvces by telegraph rom Hail.
fax which not being equal TO the expectation Of them
had the effect Of causing decline Of O., at which
about 600 bales were disposed Of. Yesterday, the
market was exceedingly dull the sales not exceeding
500 bales and about eighth lower than those
Of Saturday readily accepted To sustain prices now
II lie evident that the strength must from your
side unless Planters decide TO retain their crops under
their own control. The quotations In ny last issue
considered too low for large purchases and good
clasihcatioDs the decline which has fnce ensued is
therefore not 20 apparent by Of the figures
The receipts at all theports now show increase
those Of last Of COO bales The Arctic letter
mail delivered this morning Is construed promising
for an extended consumption and more elastic feel
ing for The immediate tut ure seems prevalent with
operators There are buyers 1T my insids quotations
but holders are not anxious to sell The business
reported being 500 beles.
ON the subject OF the crop, have nothing OF the
sghtest Interest to communicate competent opinions
differing AZ widely as before and IRON here
tofore noted by me 1t Is quite impossible At present to
approach sprobsble accuracy BY 100 COO bales Is
we'll 20 walt the deliveries from that ,tion the en-
euip gttwo months, before venturipg estimates