New Orleans daily crescent., 1856-10-25
,E,f.e Close of the Week

MA movements In produce for the week, all in all
Have been sluggish and inert until yesterday, when IN
acranee f the Arabias adyices which we laid
3efore or readers in yesterday issue, better feeling
transpirea, particularly in cotton Those who nag neg
been Han back concluded to move without asking
anv material reduction prices trusting as 1T were
n chance far rise on the other side to help them out
The sales Of cotton yesterday were larger than on any
aay Of the week, and the transactions in exchange
were also heavy, but these were forpurchases made
several days since It is not reasonableto expect that
y material advance in cotton can take place on this
sie Or ii this market until we are assured Of al ad-
vance in England sufficient to cover present prices IN
fis market In order to do this have yet to have
response Of to Id. from the other side. II parties
factors one and all are able to hold without pressing
fhe market, sound and legitimate business will fol-
low at the same time it apparent there is to be
great deficiency in the supply Of the staple.
ExGov. Cobb, of Georgia, in a recent letter on the
subject figures out that the crop of this season will
he only twothirds of an average. or equivalent to
100000 bales. This is rather the lowest estimate
we have vet had, but the Governor works out his
views by comparing the weatherand the condition OF
the plant.from May to September but he oyerlooks
that there is every season an increased quantity q
land brought into cultivaon partcularyin the back
and southern counties of Georgia, in Louisiana and
Mississippi Should, however, q tWo-thrds crop act
ually be the result it would be impossible to say how
prces.may rule in the spring Now, then,}lin the
present case, we recommend to those who believe IN
atwothird crop to hold on till spring; and those
who are satisfied with present prices (Which we be-
eve, are as remuneratye as any other buslness) TO
SELL The plain state of the case, so far as New Or
leans is concerned is that an attempt to hold for
higher prices will cause large accumulation OF stock
in November and December, which will operate
adversely to the money market and place the cotton
trade at once under the combination in Liverpool and
Manchester aud the adjuncts in New York.
We admit and believe, as we have from time to
time remarked, that Mr.. Bull is goingt in tight
position for cotton solong as the consumption main
tains tie present quantity Ifhs manufactures, spin
ner, one and all, can go on under reduced cdhsump
tion, well and good, but we believe the tates are
against them this season at least But when he, Mr.
Bull talks about Africa aud India cotton and free
labor and all this sort Of baderdash to frghten us OF
this side he will allow us to believe just as much a
we choose Of his threats In the meantime, W.
trust planters factors, buyers, shippers, spnners
and all may reap 4 good harvest and profitable re
turns. #s8 4ts:. 5 M II slsz Ft#ss n.
There are no complaints to be made of this week.
business. we nave llad 9oou weather, numerous al
rivals with large accessions to our population Their
have arrived from sea 81 vessels at the New Basin
76 coasters at the Leyee, IS steamboatsal bringing
good loads ofevery kind Of merchandise and produce
The receipts Of cotton for the twentyfour hour
ending at o'clock last evening We're, by the grea
Eclipse 1908 bales; !; the Republic from Lake Wasl
ington, 2,7s1#; Salle Robinson, from Grand Gul
1,9l1 Effort, from Alexandra, 6l0; Ashton, frol
Opelousas, 3O2; Frank Lyon, 2,o55; Lone Sta
from alexandria, 5G4 Bella Dona, from Fort Adam
1857; jackson Railroad $50. Total, 1t,173 bale
Receipts for the corresponding day Cath 0ctobe,
last year 9,056 bales It is currently asserted til;
there will be a deficiency in the receipts at Memph
this season from last Of 10000 to $4,000 bales. Til
isavery important point, and we SHOULD like son
information on this head from those who are We
posted in that locality. We do not desire surmises
suggestions.
The mail failed yesterday from beyond Montgomer
ila-perhaps the stages were overloaded-thoush
is the regular day of failure from beyond August
Ga The Atlantic, from Liverpool, will be due
New York on Monday next. The adyices are locke
for anxiousy, as all desire to know how N. Grapes
intends to get through the money panic