New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-12-09
Russness-TaIk on Change.

In another column will be found the reply of A
Cotton Broker" to s A Cotton Merchant" both Oh
the great metropolis New York, on the great ques-
ton of supply of and demand for cotton. 1t Is
wholly unnecessary to go into the many dry deta's
brought forward by "Cotton Merchant to sustain his
nositior. The argument that the natural increase oil
nopuation is only per cent per annum Will not after
the position, for it is admitted, without doubt, that
with war in Europe the consumption OF cotton mas
increased. Whether the population has, during TWO
years war or has not increased more than three per
cent does not strengthen the stand taken by Cot
ton Merchant" but when we are asked to entertain
the assertion that one hundred and fifty thousand
acres of the rich bottom lands heretofore devoted to
SMEAR have been turned into cotton, it is making too
rreat n demand on the cre6ulity of the public. In
the month of August some dlsinterestcd person $50
he called hinself) Travelled through some part OF
Texas and passed, Of course, through this city On
his arrival in some Northern locality he published HIS
views, which were that one hundred thousand acres
of sugar land had been turned into cotton But tls'
in our estimation was also imaginary ca, pure ana
| unauthorized imapination We are Wiling to admit
that forty thousand bales of cotton may be made tins
from lands heretofore devoted to sugar. butts
tbis ronr to help the general results of the seasons
bns;ness7 If is unnecessary to this that, Or
the other in regard to the stocks on hand in Spaln
Switzerland, Italy, AUSTRIA Germany, Russia and
Sweden. It is not very probable, if the stocks In
these countries were as large as supposed or repre-
sentcd that various agents would have been purcha-
sing in this market during the past three months at
nyces ranging two to two and half cents over last
YEAR 1t is also wholly unnecessary to argue about
the consumption We all known that if yarns and
manufactured goods were unsaleable we should not
expect that the raw material was required. But to
come to the point at once how does it become to be
reconnized that the stock of American cotton in Lv-
erpoo on the l4th of last month was only TWO nun
dred thousand bales? A circular from Liverpool mas
the following very eabilisc words
ait very certain that the stock of American cotton
now here is not more than 900 bales, instead OF
what is put down, say aO0,o0o
IT, is evident that the real private opinions and
views regarding this momentous question are seldom
made nubc if they are favorable to the planting in
tprest on the other side The Bank of England has
advanced the rate of discount to or per cent, bu
, that will not change the supply and consumption
the STABLE Now, without going into lengthy details
for which We have no room, we will PROFOUND th'
question what will be the stock of American cotton
in the kingdom Of Great Britain on the 3lst day o
r this month?
: The weather was propitious for outdoor bushes
Yesterday The heavy arrivals of produce on satul
" day and Sunday were being discharged, which cause
Il considerable hustle and activity on the levee
!. Freights, we learn, gave way tre; cotton wa
shipped at 9-lGd. for Liverpool. This pays wei
without calculating for return freights. Inc recelpl
e of cotton up to o'clock last evening WERE oy IN
1t Princess, from ycksburg 3,5l7 bales; Southern BEL
from Grand Gulf, 1887 bales the G. D. Jr. and Cap
tol, from Bayou Sara 33S baes total, 6,2l2 bales
learn that there is but very little new cotton from IL
e. two parishes of Felicana; in fact, from Fort Adam
d to bervile, the picking is all over and the cotto
mostly in market; but we have yet to receive at til
d. port from some quarter all quarters, 100000 ba'
} more, to make up the estimate of 2,s5oO0o bales IL
a the years product
I'd Later intelligence to the Goth inst IS fully due
Of the AngIoSaxon at Portland, and the Collins steam
o. Atlantic at New York on the same day.