NEW ORLEANS, l6th Nov. ls47
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NEW ORLEANS, 16th Nov. lS47 Editor ofhe Baaner:

 The great commercial metro- polls for the south and west, IS resumng its usual ly business-like appearance, and the great calm which was produced by the epidemic is now to be succeeded by a corresponding storm--the merchants are all returning from the east, with new and splendid stocks of all kinds of merchandize and are putting on their most winning smiles to meet their friends from the country.

 The cotton marke; am sorry 10 say, is in d very uniavorable condition, late adyces from Europe state that every brahch of business there is labong under unusual depression, two of tfe best Banks and a number of the most important business houses in that country had failed and others were 3ect ed to follow, and It is thought here that the price of cotton will not improve, and Arkansas is now woith only 5l1 to Gl1 cts. Those who ship to Messrs. { Moses Greenwood & Co.,, wiIl get the best prices that can be had, and they will find in them, able anl efficient representatives of Arkansas interests.

 The emigration from the east to this port is i'm. mense, more than 2000 arrived here on las, Satur day, and tie streets the shipping are at all times crowded with foreigners, and previous to this time the ship fever and the epidemic here have been very fatal to them, but now the city is getting in very healthy conditoh-and in fact the yellow fever has long since ceased to be an epidemic except among foreigners who had been exposed on board of the ship and were in an unhealthy condition

 Corresponding with the decrease in the price of cotton il is though; that goods will be cheap in the spiing; and even now there decrease in the value of domestic goods.

 The uncertainty of the Arkansas River is and ever will be very great drawback on the commer- cial and mercantile interest of Arkansas, anIess in the course of time railroads shali be constructed along its entire course through the State and proba by that will not be done soon.

 Yours iruliy,

 ARKANSAS.