COMMERCIAL
... CONIMERCIAL- COMECAL. LIVERPOOL EaXCHlANGE. Pa WEDmNSDAY EVsNr i. The state of the cotton market to-day has been unsatiactory to holders. Buyers, both of cotton on the spot and to arrive, have beea fewer and at more cautious, though the sales are again estimated at 15,000 bales, including 3000 on speculation and for export. Quotations are unchanged, snd the pi market has been nominally steady, ...