New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-03-26
Talk on ,change. .


There good deal of talk yesterday. Most Of
it was about cotton the extent of the crop being the
chief subject of comment. The Bears were sangune,
and showed stiff front by buying all they could yet
the Bulls did not gore, and a few more thousand
bales were added to the previous sales to be held in
this market decline in freights being expected and
an advance in exchange being hoped for. Both may
be realized. 1t is well known that ia. to Liverpool
for cotton pays well, and il anything in the way Of
return freights or passage money, can be realized
so much the better. Take the cotton freighting
business for the last twenty-five years one year with
another, it has been a productive business or else
there would be no announcement to replace the
ships of 800 and 400 by those we now observe in
our port, increasing from 500 to 1900 tuns 1t was
thought great affair when the ship William Brown,
of 55s tuns. loaded here with 16OO bales of cotton,
and went out over the bar of the Southwest Pass
drawing lG1 feet Of water. Now we have ships come
here and take from 5 900 to 1000 bales cotton and
it is considered as a sort of everyday affair. Then
again take the coastwise trade let US look into the
origin Of what is now termed Holmes line of New
York packets. 1t commenced with three little briggs
(preceded by three four still smaer of about $50
tuns EACH carrying about 400 to 500 bales of cotton
each. This line has grown to about a dozen ships,
are two or three more lines of regular and irregular
packets constantly trading between New York and
New Orleans, with two lines of steamships-going
full each way. Is it not superative nonsense for
people to say that New Orleans is on the decline
Therefore, they who seem to enjoy themselves so
much in endeayorng to repress the rising tendencies
of New Orleans, may as well give it up and come to
the conclusion that if there is nothing to be made in
swamp lots, or squares of ground two feet under
water, there other objects worthy of considera
ton. We may as well repeat there is no use to talk
of any decay or decline in New Orleans. The ma
jority Of the folks on change will not believe it.
There is an immense business going forward at this
time. The Opeousas Railroad the Carrollton and
Jefferson Railroad the Pontchartrain Railroad have
a heavy increase of business. At the Basin of the
Upper Canal there is good deal doing; in fact, it
is very active in that locality. At the Old Basin
Carondelet there is steady increase of busness-in
fine the general talk is that we are getting along
something above toerable.h
We are yet without the late expected intelligence
by the Niagara. 1t is a fixed fact that since the
withdrawal of the Collins line of steamers there has
not been short passage made by the Cunard line
Well, it does not trouble us much. If our Govern
ment has to succumb to Mr.. Bull, we do not care
much whether it is in one thing or another. The
lines of the old British Naval Register was never
more fully Illustrated. We repeat them:
The winds and BFiain's wide domain,
And not sail without permission spreads"
While the talk is going on of mail, telegraph and
exchange, will extract little of the talk of the
Manchester (Eng.) Guardian, of the Sd March:
Spinners and manufacturers outrun the supply Of
cotton by an excessive creation of machinery for
working it up; so that bat for a vastly restricted
consumption during October November and Decem-
her, they would have come to dead lock and il
this east wind continues a week longer, Mr.. Aspn-
wall Turner's prediction will be almost literally veri-
fed. The whole stock Of Americans in Liverpool is
hardly equal to three weeks consumption, and that
Of Middlng would scarcely serve for a week. That,
for dozen years back the increase in the growth of
cotton has been seriously exceeded by the increase in
the appliances for working it up is very evident from
two facts FIRST the stocks in the United States and
in Lverpsol have declined, not only relatively to the
annual production but absolutely in pounds weight
second during the period in question there has been
demand for our staples not only sufficient to take
of the production, but TO keep it generally sold be-
fOrehand and yet the price of cotton has gained
per cent. whenever a rise has taken place, and
cost less per cent whenever fall has occurred than
either yarns goods. These facts incontesuble
proofs Of our position. Now it seems to us that the
present is the proper time to draw the attention of
all parties concerned TO certain of this dspro
portion which special to great and active manu-
featuring district. These causes resolve themselves
into well known forms of credit.
We do not know much about the east wind in
Liverpool Manchester, but we think it will take
good many westerly gales to blow the crop up to Mr.
Wrghts views as expressed under date Of the 18th,
in New York, iu his circular for England
We hear of fewer estimates of 100000 or 2,900
600 bales, and more OF 900 900 and 100 900 bales
The estimates under 600 600 are no longer regarded
as probable. The total already amounts to 2l2l 900
bales and next week it will be about 1880 600 bales
The current prices being highly satisfactory to plant
ers, the whole product will find its way to the var
Gus shipping ports.