New Orleans 24. Oct. 1828.
Dear Sir,
The Enclosed is from Madam Garbajal's son at Lexington and
recommended to your Care— please give it a conveyance.
Our Cotton Market holds out but little inducement for
recommending you to make shipment this way. We have recd of the new
crop about 6000 Bales, and not yet sold 500— there then has been
a few small sales Made to complete cargo of Vessels at 9 to 11 cents,
and one lot of Very fine cotton we sold as high as 12 cts.— Prices
continue low in Europe— the stock on hand heavy— and the
demand for cloth and yarns greatly diminished, so that I see but
little prospect for the Cotton planter— All the State of Louisiana
which will grow to maturity the sugar cane will be planted with it—
as the prospect is so much better— this I think would be the most
advantageous for your country to grow under Existing
circumstances.
Nath. Cox.
Colo. Stephen F. Austin,
Texas