The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-02-12

year before. ............ $50 300
1900 bales; exports 5000; taken by spinnsrs sooo
taken speculation $780, vhele stock in city 10000
bales; amount On sale, 10 0o0
In relation to the movements In this Market and
position Of the new crop, j. Stewards circular Of
1t win be apparent on reference to my last circular
under date OF 2sth ult., prepared for the steamer
A.is, that the Arctic's sdvices caused an imms-
date decline In this market from the apparent with
drawal Of spinners At Liverpool from being we'll In
stock and the consequent cessation OF the operation
predicted per Canada By the operation tiocsl
causes this I'm preston adroty removed from the
receipt Of hsp hy % tho 10
result was an advance Without adequate foundation,
dependent entirely, ~ We now are Oh the state OF
trade and political and financial msvemsnts, OF the
foreign markets. to relieve ports from apparent
pressure Of stock the weight Of which may be felt at
TO the policy heretofore pursusd BY them this see
son, enbarrsss their factors by drafts against their
deliveries TIE di:appointmsnt produced . decline
perusal Of the letters Of full quarter more, the
sales on that day, Thursday 9th, being about 200
less anxious to realise from belief that efforts
making here 10 depress prices unduly for speculative
sooo bales for export On saturday sth inst holders
made further efforts to carry up prices but being
sustained BY the lively inquiry Of the preceding day,
the business ceased at 200 bales at the full previous
rates, but with reduced amount on sale 1t the geo
tstons The week succeeding the last steamer closing
ON Wednesday, sth inst, the total sales were $500
bales The southern mail not being through to day, I
give the table Of receipts from tie! Shipping Last OF
9th inst Owing to the Of the weather to-
day aud receipt Of advices by telegraph Of further
decline st New Orleans and Mobile, sales Of but 400
bales effected this morning at our lever quota
tione, which are reduced so In the fortnight.
The question Of supply remains rs before, with the
ption that thee fewer competent authorities
for 21o00c0 and os0ooo bales The opinions Of par
ties wavsr between 2l0o coo and 1850 900 bales De-
yond the latter ngure there but two parties south
whose views carry weight with their friends and who
In adheTing to their minimum estimate Of 300 900
bsles universally conceded even by them, to be
As Of the parties alluded to had argued eoqusnty
last autumn for crop OF at least 800 000 probably
$500 Geo. and possibly goo bales In the cards.
based II was supposed on agreeable ability Of the
Southern States TO produce the staple spontaneously
IL would not be fair TO expect him TO reduce his seti
mate at this time. below the point which exhibits
pAlpable blupcer Of round half million OF bales IL
IL dicuit 20 believe In any other than short crop,
from careful review of the various disasters Of
the growing season, and the very early killing FROST
and yet highly esteemed correspondent at New Or
leans urges upon my attention the folle wing para
graph rom recent private circular to his correspon
dents'o prices current Of the 10th January 1850
ID February 1sI9, and 10th February 1sts show that
half the crops at the respective datesj had been
ceivsd at the ports. The average Of the previous
years. the 9Th February II the price current
Of the 27nd January had included the receipts TO the
latest dates as usual from savannah and the Florida
ports, the tabular receipts would have been about
1l3s 600 bales, which, the assumption that halt the
crop had appeared, would give total Of 2275 600
bales
Tn. closing quotations in this market we're =, an
uexed