New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-07-14
Talk on ,change and Cotton.

/ Though the gatherings yesterday at the various
places Of rendezvous were not large, yet they were Of
sufficient interest to induce outsider to stop and
ascertain how the world is wagging for be it known,
there is world in this good city, whatever folks in
distant places may think Of it. The talk yesterday
was among the followers Of commerce-the condition
of the money market-some persons thinking 1t
rather tight others thinking it not SO pressing as
might be- and others not caring the value OF button,
as they had notes to pay, they had plenty to pay
them with and others having nothing to pay, did
not feel much interested whether 10 or 26 per cent.
were the rates of interest," In fine, everybody was in
good humor, and well they might be, with remarka-
BILE high state of health prevailing in CITY, With
weather neither hot oppressive, with all the vare
ties of fruits and vegetables produced in our favored
climate, with every enjoyment at hand for those who
desire it. free from all the formalities of snobbery and
parvenue fashions, well might those who daily meet
at the usual resorts feel in good spirits and that cold
fogy,' who in reply to an inquiry about the money
market said go to grass there is money enough in
market, more than there is any prospect of grass
growing in the streets to cover it, was more than
half right The truth is there is more business doing
at this time than there has been for years at the same
time Moreover, .those interested in foreign trade
correspondence brought by the Columbia from Liver
pool, of the Gath inst
The great question Of the supply Of cotton appears
to be the absorbing feature in England. 1t appears,
however, Mr. Bull is sorey perpexed-his people
cannot agree among themselves-as appears by the
following extract from Liverpool paper, in remark
ing meeting lately held regarding supply of the
staple:
A.. g.
that there entire absence OF any unity OF pur-
pose to the best means of procuring an additional
supply of cotton. All the speakers urged the inn
portance of the subject, and each advocated its cu
tvation in different part Of the globe One gentle
advocated the capabilities of the West Indies
another alluded to, and spoke of Africa and another
| of the East Indies. Now, we agree with all these
gentlemen that cotton be cultivated with success
in every one Of the districts alluded to and, more
over consider that it would be of advantage if we
could obtain supplies from all these quarters but
then we must consider at the outset whether it would
pay the producer to engage in this extensive cultlva
ton of the cotton plant. The past history of the
| trade shows that the Americans can produce any
quantity when prices high and remunerative and
| that when there is low range of price the supply
falls off, The question which the meeting on Friday
should have discussed was, Can the West Indies
| the Cape Of Good Hope, the East Indies, or even
Moretoli-bay compete with the United States in the
production of cotton?" The sound and practical re-
marks of Mr.. Barber, when he urged caution in the
adoption of means to produce an increased supply Of
| cotton, should be pondered over. He was quite
rect when he urged that they should not be led away
by fOregone conclusions, inasmuch as " the present
scarcity of the supply Of the article only the
suit Of a casual short CROP"
| Possibly, with two or three good seasons, we
| Americans can relieve Mr.. Bulls wants, but the
general impression is that our folks on this side
that is in this abused city of New Orleanswi have
something to say about the price and value of cotton