NEW ORLEANS. July [.
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NEW ORLEANS, July 2. No business worthy of notice has been transacted since Saturday If possible, markets have been in inactive state than have found them for several weeks Preparations for the celebration of the Ourth which has just passed will exten account for the complete stagnaon in mercantile affairs, during the time we speak of

 The weather continues pleasant and very warm. CottonThe only sales making in small lots at very irregular prces the three last days business not exceed ing 500 of all kinds, at 104c in Mississippi and Louisiana inferior good mddng fully middling fair; in North Alabamas and Tennessees 74 9c trash mddng fair and few selected crops of clear white at lG l. ic "fir" for the Spanish market Onr stock is houses the market is kept much steader than could be expected under the very unavorable accounts from En- rope and New York-for find the prices of cotton in named market for middng fair to fair lower than with us this day.