New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-12-20

with fine weather, has been attended with the usual
animation Of the season. The receipts Of produce in
general have been well sustained during the week
Communication with the West is free and unOb-
structed The rise in the water of the small trbuta
res Of the lower Mississippi has opened the nayga-
ton, and every boat engaged in the trade OF the
bayous is now under requsition Cotton from the m
terror of Mississippi, Arkansas Eastern Texas, and
our State is arriving with freedom, and the STOCK
is daily augmenting The rains for the past two
weeks have extended over broad space of country,
and great deal of the cotton received this week has
felt its effects being wet and covered with mud The
impression prevails there will be no complaints Of
loss in weight but some cotton [many hundred oaies
in fact) is deprecated fully 10 a l23 % cent me
general movements in cotton have been greatly IN
fueuced during the week by the adFices brought oy
the Persia, at hand on Monday last, and by the Ara
ba up to the 4th inst received on yesterday oaAes
have been restricted during the entire week. as our
columns have from day to day noticed
We are now approaching most interesting epoch
If tha cotton trade for the season. The greatest
onts ofinterest are the probable extent Of the crop
rbara IL not shadow of doubt but it will reach and
exceed any preceding crop, The future value for
this season in Europe is likely to be well sustained by
cheap money, cheap bread, and moderate increase
in consumption. But the views entertained as to
what this value or price should be or rule at, wide
| apart between cultiyators, factors and spinners.
Though the trade in cotton and cotton manufactures
viii be stimulated by an abundance Of the appliances
which aid commerce and trade, yet nothing Of spe
cuative character is likely to be encouraged by cap
italists and mOneyed men generally. The rule adopted
year ago by the Directors of the Bank Of England
in regard to the re-discount Of bills is still in force
and viii tend to maintain uniformity and steadiness
in finance 1t is hardly necessary to theorze nor
phiosophize the great cotton trade of the world
Great reliance and great stress have been placed in
our view-a great deal Of theory expanded on the in
crease in consumption. This large supposed increase
has led many of the cultiyators into views of high
prices for raw material enhanced the prices of lands
and abor-in fact inducing unheard Of prices to be
paid for both lands and negroes, not warranted by
/ the general trade of the world A few weeks ago we
published table of figures of consumption for three
years past, which has not yet been reuted, though
some anonymous communication enclosed to us
! table which we presume was an attempt. For weeks
and months in fact for the last twelve MONTHS the
advices from England have been replete with remarks
on free and increased consumption, and in face Of this
we have been RECALLED with declining quotations by
almost each succeeding arrival 50 that Middling
cotton, worth I'd. two years ago in Liverpool is now
with deficit crops, worth 50 a I'd Undoubtedly, it
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the merits Of the improvement in these branches of