The Cotton crop.
--It has now become a fixed fact, that the cotton crop of 1860- 61 will be nearly a million bales short, and that all the additions that may be made by the influence of the Bears to the receipts, cannot carry up the crop to four millions of bales.
acknowledges that she will be 50,000 bales short; Montgomery
40,000 bales; Columbus
, 40,000 bales. The total deficiency at the seaports, including the overland cotton from Memphis
, which is now put into the New Orleans receipts, is near 700,000 bales, and the weekly receipts will, it is said, increase the deficiency.
Prices have advanced since these facts have been known, and it is said that many very lengthy and apologetic letters have been written here by shrewd European
houses abroad, acknowledging that they have been in error in estimating the crop, and imputing the blame to the political state of affairs amongst the Cotton States
. --Charleston Mercury.