, 1865-08-17
Cotton PxosPecss-1nterenu k..r..
mc0I&s
IcouespoIteIce Of the PhI!aec!ph.a Ledcer1

ANAAAi aug D t9&t3.
The meat trustworthy accounts feom 6,,
1ercnt psrdo:s Ct the South ara mol fayo-s
ble 70 coat:1lxpce OF the present fres re-
ec1p1s Of E6ttcn SIS witnessed fot few wtrh,
hack at New Orleans aud New Yort, bu'
rather to M early falling of, aud, a. q con
sf4nenee. material advance in prices. o
all the letters ] have seen from old factor,
and cotton merchants In the South, but oof
has favored th: belief that the receipts mioh
prove leayler than the r. neral expectatIoa
but even this writer confessed that th- cues
tion Of receipts was at best Wholly E suecu
"a! tatsse oHe: ul.1e 50 Than a: an; pcziod during
To quote from his letter: "In times O,
profound peace, *heu alt the avenues Of in.
formation wire open, and when it was DOS,
aible 70 procure tht most careful esttm stes.
there have been known to be difrrr, meas in
The 1onnd estimate for the cop OF 0O0 OU
bales, What thtn Is to be expected when
most Of the a"eDuts Of commu ;ica,ior win
ne inte'lo: a'e closed. and when not word
lbat 10 reliable ie known Of the product Of
lhe PAST to1te years. 4 crop of eome kind
OF quantity was Iaised during each yrar NJ
the was: bnt shat do We know coucssn,a..
mem: Nor Is It possible te give any c3rre.
data With reference to what reto2{ns of rte
Of the war;
This writer. ss aave said above, tpc.tnes
to larger fcetlpts tim msny Others Eh , hare
yenturtd 1p!nions on the subject, aud be
may, after RI, prove correct. Hts yieTs are
based On the belief that a coLsid.raije
amount o. Cotton Ii kept back from tn. want
q copyentest transit, bagsing and rope, md
Int absence OF rtRpo2s.his BUYERS,
Mlth regard to the 1roba6lc amouat of
cotton IN tie s0u.h, the wxi:*.r ventures on
no estimate, semsrltng that ait would cot
he worth button.''
There are Others, however, who do thu,
xentute. aaa she1f average Is uotloEoa1y Win
will hal FHu
stock now rems.rtng in the S3u.h. From
lhls amount tie estimates taper down to cne
m11llcn four, one million two tlf;y, an some
cfen ~ low ae one million bales.
An eAt:acs hom Mobile writer bc!ore nc
declares The alleged Treasury eetinaAs Us
on iAnd as two million bales,' and those
VINO bese fl i calculations upon such
statement vii End themselves deceiV.d.
Dnl1ns tic var there Was sery It'll. co ton
Efoxn-NaEcsly more thaa sufficient for do
mettic palp.sTs-tbe demands for which |
were largely increased by Tue cIosiue Of our
pors ard he cutting of Of all mauuiactured
supplks. The South was TINS Compelled tn
increase its oTn manufactures to E i:.re *.
tent, ard Te do no: hesitate t. say thst III =re |
u nos y anie moment oEer one milton bales
Of elchantable cotton In the South.n
AnGther writer in the same citv I,ro,,,e,
says: 49, TIE accounts from the ipterIor oi
our State come In very slowly, aud s.I,l m ,rn
80 from 9TH btattG, put thcea Tint ". nara
do not warrant ns IN 1ookln. 70. sppplr Of |
cotton that VIII prove at a.! adequate to the |
demand Indeed, We LOOK fur Il cons;deraolc |
adsarce In our great staple before .he Fin.cr
me1ths hare 1aiIlY set in. The gro sinC |
corr. such as 1t is, 6cems psoml .iag, and.
with good .Feather from this ou:, md The
necessary hands 10 pick the cotton, the yield
bales, ana in Ill the States OK, 900 t. 7oo. .ooo
Under date OF New Orleans, Goth july.
Ntitet Eays: "NcW cotton made Its appear
ance on the ed. We wish wc .coul1 write
that the chances were go3d for free receipts
p:cted. Very little cotton has been p!tnted
this ycar, and what comes in mus! SON fad
a ready market AZ far as 1t is possible to
learn, there Is nothlpC to warrant the pre-
dlctinn Of Il yield for 1865 and'1660 or over
half million bales, wh'le no one dreams OF
make IS ,0N.
We have been Te1y busy the past week re-
Ectving old cotton, and our stock nov caa-
not be much less than 60 go bales. But 1t
must not be supposed that this activity. IL
long to continue ne must rather lo3k t3r q
those who would make hsy while the 6ua
shines should not lose the present opp3rtu-
nlty. We quote middllng at i2c; 1,eo93 bales
were taken tor Ffance IN Monday"
In this market {New York;, thoqg3 @ the re-
ceip,s laEe been AcavY {over S3oo9 oales IN
q, eat has Teen the eon6dencs Of holders in
the future. Tie activity and buoyaacy Of
the market have been checked by these re-
ceipts, but positive aud general dccl'ne has
not been submitted to. The Gogcsn ueat
itselfts not unmIndtd or ignorant Of tue sit
Ing thousands Of "captured cotton" con.
1dnr4 onnarcnffy. In TIM AnticfDa tiDn. OF