New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-05-20

Of State Skies sold New at s. Some holder
suppose IN tight place and wanted make a raise
There sale Of small amount of Mexican dollars to-day
at loss. t2 S. A sSA%
The steamship Prometheus for New York to morrow
ing takes freight $4,000 Mexican dollars shipped by
D. Merrell Co.. ;5gy = - s5r = st5las:4sFt
The community taken by surprise to-day The telegraph
about advised Of tho arrival Halifax Of the Cunard
steamer Nisgaa with dates from Liverpool 10 Saturday the 9th
Inst with highly favorable intelligence commercial interests
The reaction in the cotton Market though expected has
earlier thsn anticipated The money market unchanged
and provisions closed advance but reported as
very quiet, II "A hi 1EH 4$t4tgs 7a5 NJ 0a-N
The following article regarding cotton is taken from the
New York Daily Times Of the 18th inst 1t will be it is
different view Of the great cotton question than has been taken
by most Of parties in New York: 8 ~
-' + COTTON-THE SUPPLY AND THE PROSPECT.
To the Editor Of ae Nee FORK Daily Times .r
The last steamer England brought avices of
being 0 tbs 81 ., PIE
consumption the production and something
Ss Se It's
oa o~ s s q e ss wsd a
eons1mpo which would make the hos. supply sufficient.
factories in the Kingdom and upwards OF hundred
hands be out Of They have
ps s4 nsafy g
i Just being closed will result in deficiency nearly
sssE sssfs's sss s
and TN.
until about July l. when it will show nearly
find stock Of cotton on hand in Great
Britain the slst of December 1856 $4,000 bales
s q Dsee srSe s5 ss'i had
barely reach bales many estimate It even now IS low
900 900 bot dedneting for The unusually arge
sTop nigh ,asaa
m s f 6as es yer90 w I'd that M
dings in sspsmSe. last tS7a at the Of this
has already considerably checked the consumption But
statistic, q the export q cotton good. from ne Kndom
excess The corresponding months the preceding
and thus make the supply eqa to the demand Ills doubtful
AND shs 9 w. p'bs
price q cotton 4d the consumption ss2 2s 900 bs
7ooc and in s having advanced to @ The corr con-.
sa Is eoo si &c. a s 81
lbs whilst in 1856 cotton at d the consumption reached
We have already through nearly twenty weeks the
present year. and prices have not averaged It does
with the yearly increasing demand for cotton fabrics both from
n ee @ @ eGm
ratio than sber IN s5 to cause any cond
ri viii ftsu almost sn
Be sa SIX the
will be so tg that they can probably regulate prices in
The subject which universal attention will he attracted
qns the @ will be the Of the growing crop
They have had backward spring. many
places where in midwnter it has shown
itself during last month In Maengo county Alabama in which
is situated the rich canebrake region famous the best
producing land in the world there fall of of
inches. Usually at this time
chopped OUT to stand Now, doubt if there scarcely
field that shews the first sign vegetation Taking granted
requires certain number Of weeks perfect the boil os the
first of the plant until it ready for picking
easily perceive how in this shortened, while
il must multiply the contingencies for the casualties to which
subject We do not wonder the sesveness the English
1t is Of immense importance. That the
first effect Of the evident scarcity will further
the material all experience teaches But point
consumption can be sleckeds yet problem We know that
with OF $50 600 bales in 1856 stocks hand
reduced the end OF the year. crop
1851 will scarcely nett 29500l0 baes have
strongest probabilities that the 1855 will equal that of
1851 and remains to be seen how high prices be carried
make the supply adequate
cpeat that the solution of this finally involves the
ng oneary onehird of the English mills
uent throwing employment of upwards of
thousand hands The latter fact political Importance
hat even transcends the commercial consequences,