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Cotton prices handbill, New Orleans, 21 August 1822

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New-Orleans, August 21st, 1822.

I tender to you the following prices current, which are nearly, or quite correct. This market is now in a very depressed and stagnant state. Within the last month, very few buyers have appeared, and will not touch, unless at very low prices. Nor do I perceive a probable prospect of improvement, until the arrival of more abundant shipping and purchasers during, the months of October and November - and then it is very improbable that prices will be better, inasmuch, as the large quantity of produce now on hand will, without detention, afford ample cargoes for the vessels which may arrive in the early part of the next season of business: and afterward, quick despatch is expected in obtaining cargoes from arrivals of the new crop. Unless prices be improved by the above contigencies, none will occur. And if there be an improvement, it can be only momentary. The aggregate crop of the United States in 1821, has turned out a much larger yield, than was expected by myself and all others - and the growing crop, by advices from all the cotton states, promises to be much more abundant, than that of 1821. Therefore, unless the consumption of cotton and cotton goods be increased much more extensively, than probable calculation anticipates, prices cannot permanently improve.

The sales of last week embrace altogether 522 bales of North Alabama:

112 very fine at 13 } 168 middling 9 1/2 }
70 do do 12 } 7 months } 134 inferior 8 3/4 } Cash.
20 middling 10 } credit } 13 very inferior 8 }
5 very inferior 4 }
The quotations of Louisiana may be considered nominal, there being no sales last week.

I present for your information a comparative estimate of the aggregate crop of cotton in the United States in the years 1820 and 1821, which exhibits an increase of 45,000 bales in the crop of the last year. The quantity exported from North-Carolina and from Darien in Georgia, is not embraced in the estimate, because I am unadvised.

Cotton crop of 1821.
Exported from Savannah, between 1st Oct. 1821 and 1st July 1822, 144,342 Bales
Remaining, 25,000 - 169,342
Charleston, within the same period, 112,590
Remaining, 23,000 - 135,590
New-Orleans, between 1st Oct. 1821 and 1st Aug. 1822 150,223
Remaining, 13,000 - 163,223
Mobile and Blakely, between 1st Oct. 1821 and 1st Aug. 1822, 44,131
Remaining, 2,000 - 46,131
Pensacola and Appalachicola, 3- 3
517,286
Deduct, exported from Mobile to New-Orleans and included in that estimate 8,000
Total crop in the United States in the year 1821 509,286
Cotton crop of 1820.
Exported from Savannah, between 1st Oct. 1820 and 1821, 175,000
Charleston, 125,000
New-Orleans, 139,000
Total crop of 1820, 464,000
Tobacco, exported from New-Orleans between 1st Oct. 1821 and 17th Aug. 1822, is 19,037 Hhds.
Remaining, 14,000
Total crop of Western State in 1821 33,037
" " " " " 1822, 27,450
Tobacco, like cotton, is in little demand, and sales within the last month at present quotations, have been few, and mostly upon credit.

Intending to be absent from the city three months, Mr. John Wilie will represent me during my absence: who has resided here many years, been employed in the most respectable houses, and is universally esteemed a most upright man.

With my respectful salutations, I tender to you and your friends, my services as commercial agent, and solicit your correspondence; and remain your ob't serv't.

J. R. Bedford

P. S. Since the foregoing was written sales of cotton in the first three days of this week have been at a decline of 1/4 to 1/2 cent from the prices of last week.

Last edit 7 months ago by MKMcCabe
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==New-Orleans Prices Current by J. R. Bedford.==

Articles. Per Wholesale Prices. Articles. Per Wholesale Prices.
Bagging Scotch yard. 40 42 -Sheet lb. 9
-Kentucky " 30 -Nail rod " 8
Bale rope, Kentucky lb. 9 10 Indigo, flotant " 2 2 25
-Northern " 10 11 Leather, soal " 20 24
Beef, Northern, Mess bbl. 11 Lard " 15 18
-Cargo, No 1 " 9 Logwood, Campeachliy lon 25 30
-No. 2 " 6 50 Molasses, on plantation gal. 20 25
Bacon, hams, " 10 12 Madder, Dutch lb. 20 25
-sides &c. " 8 9 Nails, from 4d to 20d " 7 1/2 8
Butter " 14 20 Pork, mess bbl. 16
Bottles, black Groce 9 00 10 00 -prime " 14
Coffee, W. I. green lb. 30 50 1/2 Pepper " 23 24
-St. Domiago " 28 29 PAINTS. {Red lead ewt. 10 12
COTTON. {La. & Miss. Prime " 16 00 17 00 PAINTS. {White do. " 12 12 50
COTTON. {-2d " 13 15 00 PAINTS {Do in oil keg 3 3 25
COTTON. {-inferior " 9 1/2 12 1/2 PAINTS. Do do English " 3 75 3 88
COTTON. {Mobile & S. Alabama, prime, " PAINTS. {Spanish brown, dry " 4
COTTON. {-2d " 10 12 1/2 PAINTS. {Do do in oil " 2 75 3 00
COTTON. {-3d " 9 10 PAINTS. {Ochre, yellow, dry lb. 2 2 50
COTTON. {Tennessee & N. Ala. prime, " 11 PAINTS. { Do do in oil keg 2 55 2 75
COTTON. {-2d " 9 1/2 10 1/2 PAINTS. {Vermilion, Chinese, lb. 2 2 50
COTTON. {-3d " 8 9 PAINTS. {Lanipblack " 12 1/2
Chocolate, No. 1 " 16 18 Sugar, La. on plantation " 7 1/2 9
-No. 2 " 12 16 -in town " 8 1/2 10
-No. 3 " 11 14 Spirits. {Brandy, Cognac gal. 1 50 1 56
Candles, sperm " 40 43 Spirits. {Rum, Jamaica " 1 1 12 1/2
Cheese, American " 15 18 Spirits. {-New-Orleans " 40 42
Cigars, Spanish box 16 00 18 Spirits. {Whiskey " 35 37 1/2
Corn, ears, bbl. 56 1/2 62 1/2 Tobacco, 1st quality lb. 3 1/2 2 3/4
-meal, " 2 00 2 50 -2d do " 2 1/2 2 3/5
Fish, Salmon " 16 00 17 00 -x do " 1 1/4 1 3/4
-do keg 1 00 1 50 Tin, in plates box 16 17
-mackerel, No. 1 bbl. 10 00 TEAS. {Bohea lb. 40
-No. 2 " 6 50 7 00 TEAS. {Souchong " 60
-No. 3 " 4 00 4 50 TEAS. {Hyson skin " 95 1
Flour, bakers " 5 00 5 50 TEAS. { Young Hyson " 1 10 1 15
-shipping " 4 50 4 75 TEAS. {Hyson " 1 10 1 15
-sour " 3 00 3 40 TEAS. {Imperial " 1 40
Gunpowder Keg 7 00 8 00 TEAS. {Gunpowder " 1 40
Glass, window, 10 by 12 box 10 00 16 50 Verdigris " 45 50
-8 by 12 " 8 00 14 00 WINES. {Maderia, L. P. gal. 3
Hay lb. 1 1 1/2 WINES. {Do, Sicily " 1 50 1 62 1/2
Hemp, country ton. 130 00 WINES. {Sherry " 1 50
Hides, dried lb. 12 15 WINES. {Teneriffe " 1 6 1 12
Iron, country, bar ton 90 00 WINES. {Malaga " 70 75
-Russia & Sweed " 100 00 WINES. {Port " 2 2 50
-Hoop " 140 00 160 00
Last edit 7 months ago by MKMcCabe
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