The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1869-02-18

,ta mice Of corn had materially advanced, re-
fused TO either deliver thu property so sold, or
setss with the parties purchasing, hence the suit
TO recover the difference between I43 Genus anu
the market price on the Dry wnen the conttacs
expired. We understand jhat another comms-
~ ssm received a like order from Me-. Waller,
o -. AZ. tha Last nar,ed gentleman acted In a SIM
H. srnsr With this Arm Ii 10 said that the plea
of the defendant, in the hfst place, vas ,aa. NO
had not given the plaintinf an oraer 70 sen voiS
for him, but il was provento the atis,ASAvu =.
the court that he cid. he next ciaimeo 'rs' va
contract was null and void. inasmucn as no nnu
sold what he did not owhr-in commerciaa Pa
lance, had sold /" short land tnat, unuos so
warehouse law, such contract was " gamormhx
coptract.D and therefore, null and void. The
court took similar view pf the matter; ana 70,
turned q verdict accordingly. Inc case mas peen
appealed to the supreme court. -..r
TIE CorTos TRADEs--Tte cotton market, says
the New York COMMERCIAL aud Shipping List,
prese nts strong conuasrfwith the corresponding
period 10 1865. l. may aforementioned that ABOUT
year ago. the price was depresssa ~
ton of circumstances, to fifteen cents LOT middnng
upland, which enabled Ekglish operators TO Sc
cure liberal supplies aftsJ~which the staple gradu-
slly advanced to thirty cents at the close OF tne
cotton year August slst Inc result Was ,b ns,ioy
preiudicial 70 American Interests tor the nAuon
not only suffered In its export trade, but our cot
| ton manufactures were subjected to sharp COM
| petition from British goods made from raw mate
| rial, obtaned.st exceptionally low prices. LUIS
1
| different, and while the English epetstoIs nave
Year thew have been ehectually cornered. !"
| With very small stocks Il Liverpool at the com
| mencement of the sessdn, English orders were
limited to about eight pince bali penny 70 nne
| nence Recommended by Aeubrious reports about
the state of trade, the alfong probability OF the
mills being reduced 70 thS extremity OF short time.
etc. for the evident purIoee Of frightening hold
ers into selling out But the American operators
had made up their mindsl that the mistake Of last
wear should not BE- REPEATED. The planters are
| stranger and under less advances than last year.
The tax has not only been removed, but the plan
tiers remember the rise s3ter their sales last year,
and have sent forward their crops with moders'
ton: and now the stocksiof England are running
| low and she il Obliged ID enter the market, her
moyemtpts being alrea,l{ foreshadowed aud her.
aided by rise OF the price to upwards OF twelve
A prominent feature Of the trade. during the
present season. has been the comparatively new
system Of selling short Quite large proporuon
Of the sales in our market during the past four or
| five months has been fof delivery Two or tnlee
months ahead, but Ia nelrly every instance, the
shorts have been oompefed 10 cover az eonsid
| cradle loss.
The receipts aud exports at the latest mai
dates. in round numbers stood as follows:
| 1858 1859.
Receipts-hsles. .............t...l2 $4,000 lStsW
| kxports-bales. .......... 80. ~. fozsWU o'ovS
While Great Britain had taken only AIS, 900 bale
this wear against 622 000iast year. France has 10
creased her purchases, having taken Lao, 600 bale
this wear against lD4 0O0i last year. The north o
Europe has also taken 100 900 bales, against 81 0O
last year. Last year the average weekly con
sumption and export of cotton at Liverpool wa
IS ,OCO bales, and this year il will probably D
equally large. and Liverpool must meet our maj
ket, as her supplies from other sources oia isii
be considerably reduced The position OF IN
market may thus be reg3ded as astrong one;
The largest cotton crd ever raised was IN 1893
'60 which approximately 900 200 bales reshzIne
at $50 bale, $3.50 000, 90. This year the crop,
is thought, will be abdnt $500 600 bales; "
:. worth al a low estimated say 500 a bale, and
the aggregate sl5e GOO qpo or ss much as the Gro
of lS59-'60. Now TO ~ profits OF this years GO
ton are to be added seves al important items. In
: South has for the first tine, raised 1000 enoue
! for it's own consumptos, and consequently u
proceeds of the cotton Arop will not have 70
exchanged for bread ank meat. Hence the pre-
IS ent cotton crop will bI3ng more money into u
:, South than ever was received from this source
: her palmiest days. e
Is The last circular of Murray, Ferris Co.,
New York. presents the. following table of week
receipts at all the ports!fn the United states
the months Of January February and Marcn
| 1865 and for the month OF January, lo65;