New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-10-27
Talk on ,change.


out well enough in our view, The telegraph yester-
day brought variety Of dispatches, the most i'm
portant of which was the arrival of the Baltic at New
York. The Baltic brought some s35o,00O in specie,
but the flaming heading "specie arrived was not
prefyed like few days ago, ]" no SPECIE" The old
grandmarm Of Threadneedle street, has enhanced the
rate of interest to per cent. per This
just about the rate some folks were willing to pay
yesterday in our city per month. But per cent,
yea, even 10 per cent, cannot keep the gold from
coming to this country unless the Bank of England
holds all the gold in the kingdom. 1t is hardly ne
cessary for folks in midst to be talking about the
price of consols. Suppose they go down to rs, is
cottonlto 60 down also This apparent dependence
on the price Of consols in London is great bugaboo
Now, we should like to be informed what cotton
planter about the price of consols in London,
rentes in Paris, metalliques in Vienna, or whether
the great Mogul uses tea or coffee.
The general talk is that it is about time for the
Southwest, and particularly this emporium, to be re-
eved Of quasi dependence in the price of its great
staples on the character Of the intelligence brought
by every steamer Or the Geographic dispatches It
the opinion that the time has arrived that this market
should have some control in the price of the produc
tions of the country, and not be looking for the
shall sell cotton at ten or fifteen cents per h. or
watching the Geographic wires to know whether the
sun shines in Wall street at a particular hour or
whether it is dinner time. 1t is palpable that our
markets have not for four weeks been governed by
distant or foreign markets, and as we have suffered
untold OF losses by our connection with Northern
cities, it about time for us to shake off the thral-
dom, and assert our commercial and financial in.
dependence. We are tired of the endless inquiries :
What news by the telegraph?'' Now, we desire to
state we give the telegraph credit for doing more in
jury to the commercial interests of New Orleans dur
ing the last six weeks than all the mishaps for the
last twenty-five years. We believe it was fortunate
occurrence that the great deuson (the Atlantic sub
marine telegraph failed suspended) 1t is manifest
from events that the whole country has travelled toc
fast" in fact, with too much CELEBRITY and too great
dispatch This was about the amount of the talk il
a coterie of old fogies last evening
There is an evident falling off in the receipts O
cotton. Planters are holding back and do not seen
disposed to allow the pressure to restrain an advance
Those who are indebted to their factors bound b.
every tie of justice and honor to place their cotto
forthwith in the hands of their acceptor. Those VIII
do not owe anything, can send their cotton to Cal
cutta if they choose. ...
Our marine register denotes the arrival of seyera
vessels yesterday There is another Spanish vesse
reported below with more doubloons. They are CON
ing. Courage, merchants, one and ALL you will &c
through the pressure. The talk yesterday wa
decidedly more cheerful.