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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 stag-
nant 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 No-
vember - 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 } |
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 |
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.
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