New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-10-15
Business aud Cotton.

Business in general was not so active yesterday as
some days of last week, The weather changed in
the morning and towards night became decidedly of
ali autunlnal feeling At the steamboat landing the
arrival Of several boats during the day occasoned
considerable business in the way of receiving produce
Up to O'Clock last night the receipts of cotton
by the Ingomar from Memphis, 27l3 bales Swamp
Fox, from Vicksburg, 1903; Rapides, 1905; Grace
Darling, III; st. Charles, 353 Linda from Alexan-
dria, $50 ; Union from Alexandria, 1877 Total 1868
bales. The receipts for the corresponding day last
year ,l69 bales. The market for the staple
heavy yesterday. Parties who last year were heavy
Or large buyers have returned from their summer
jaunt, but somehow another, though they have
come from colder climates, they do not credit the
frost accounts, and evince disposition to enter the
market freely at present prices for cotton. Possibly
fine qualities, strictly fine, may be taken at the
highest rates l3 cents, but it must be such cot
ton as will command SD. or more in Liverpool at this
time, How much of this kind of cotton is being re-
ceved is difficult to say.
New York dealers and brokers have at last consent
ed to reduce their general estimates for the season to
5000 600 baes-tat is, since the last accounts of the
S0th ult The following is from circular dated New
York. October It'll: .
We have had a buoyant and advancing cotton mar.
curing the l,aSb week, nut Ine sales nave been,
Il measure, restricted for the want OF stock. The
transactions estimate ct Ii, 900 bales about one
third in transit and nearly all the balance on spcculu
tiOn--spnhers having taken but small portion The
speculative purchases are mostly of cotton to arrive,
there being supply of consequence here and
raj of the brokers being entirely out OF the article.
The supply of Uplands NIiddling is especially very
light and these are even relatively higher than the
better grades of which the recent arrivals mainly
consists The shipments making are on speculation,
an advance to Il to = for middng being confidently
anticipated and even at this large advance in Liver
pool some Of the shipments will not be mucl, more
| than covered. a. -45 s-----
The crop accounts as general thing, continue bad,
but is altogether too carly to state, with any kind OF
reliability, what the growth will be, There are very
few, however, who will look for three million bales
and many Of the estimates are considerably below
that figure 1t is pretty safe think, to predict that
the crop will certainly not crcecd three Millions and
the chances are i'll favor of its being less.
We give the above and at the same time we must
be permitted to remark that Investments in cotton al
this time for rise, rather speculation will require
more money to carry it through than can well be fur
nisled in this section of the country at this moment
We observe i'll some sections of The country the germ
Of speculation taking root, not warranted by those
mmutAble principles which should govern a well reg
ulated and uniform mode Of commercial transactions
In fact, it is currently believed in the country tina
middlmg cotton is selling too cheap in our market
and that it ought TO go to Is cents This is misclev
ous and calling into question the rop,iety Of pre-
sent prices being accceded to on the part OF factors
Al the same time VIC arc equally anxious that com
binatlons in Europe, aided by the junta i'll New Yovl
for tho depression of cotton, should be met ant
thwartcd We have no idea of calmly looking on an,
permitting Mr. Bull aud NJ. Crapc,u to take our cot
ton at their own ideas Of value though, they hly
been disappointed i'll raising the article in africa ant
India F; and as they only produce when and WHERE
they are compelled we shall expect that about Christ
mas they will begin to open their eyes and ind tina
cotton will be cotton for this season. and that it is no
to be raised on free soil nor by free negroes.
Later adviccs are fully due by the Ericsson r.ol,
Liverpool, though the Pelsia's accounts mag he Il
hand at the same time. Both ought to come throng
to-day hut the telegraph will lie ovclcharged for
day or two with election items, and commercial mat
tiers may be regarded as only secondary importance
The FUSION IN pENNSYINANIA--I 1t has been
iavoritc theme for the Bchuncers to enlarge upon o
.t,rt rn,,I, IL. a.