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Letter from Texas.

The following letter, addressed to the editors of the Dispatch, and dated Houston, Texas, July 9th, will be perused with interest:

A kind Providence has smiled upon Texas this season, in common with all the Confederate States, and granted a bountiful and liberal yield of the products of the field. Our wheat and corn crops are unprecedentedly good. Texas will have an immense surplus of these necessaries of life this year. A series of unfavorable seasons has stinted her resources in this respect, and has hindered emigration from flowing in as largely or rapidly as the attractions she possesses in soil, climate, and health, justify. We have less land than usual planted in cotton, as it was considered prudent to cultivate a larger area in corn and wheat this season than usual; we may need them.

The number of bales of cotton shipped last year from our ports exceeded 250,000 bales, and we estimate 200,000 more from the northeastern portion of the State shipped down Red river, and that are included in the Louisiana receipts. The direction of the shipments from our ports was last year as follows:

To Great Britain84,000
To France5,500
To Germany21,000
To Mexico1,900
To New Orleans48,000
To New York54,000
To Boston37,000

The change that a permanent non-Intercourse with Yankee land will create, is destined to benefit Virginia greatly. European capital, that now centres in New York, and which controls every foreign bill of exchange drawn against cotton, will seek some point South to continue operations of this kind.--Richmond will likely be that point. Your fine harbors, splendid water power and valuable mineral resources, will be the means of your State realizing great benefits that our Northern alliance has heretofore excluded you from. Commerce and manufactures will cause the Old Dominion to prosper beyond all ordinary calculations for years to come.

D.

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