FROM NEW ORLEANS
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Besides our regular commercial letter, reviewing the market, which in it's accustomed place in our columns, we have received a letter from . friend in New Orleans in relation to the Cotton Market, from which the following is an extract dated April sth.

 ''Within the last week. the long expected Euro pean news by the the Caledonia, has been received here. Contrary to the antcipations of every one it IS very unfavorabe being decline, in Liverpool, of one eighth ofa penny, per pound on Cotton. And as our market continued to decline, even while it was rising in Liverpool, you readily imagine the effect of this news. Prices have receded, within the last few days fully haLf to three quarters of cent per pound. Indeed, it is exceedingly difficult to come at any correct list of prices as sales vary very much in the same qualities of cottons; owing to pecuniary embarrassment of sellers. There are not few who have large amounts of paper out, now due. and which must be met; and having no other means of payment are compelled to submit to al- most any reduction of price, have no doubt, this market is settled for the balance of the season and prices cannot come up again. at least not until uery late in the The difference between the prices now, and those at the highest point of the season, is fully tno cents. per pound. Those who have purchased cotton, at former prices, and have held on expecting rise, will have to submit to loss of about ten dollars on the Bale"