New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-11-27
Ne0 OrIeans Qailp Crescent.
SATURDAY MORNING, NQYEMBER y, 1858.


At an early hour yesterday morning the arrival of
the Africa at New York, from Liverpool with dates
to the 18th ins was announced Carondelet street.
which, with the very fine weather, brought together
numerous congregations of factors buyers exchange
Dealers and ship masters, not omting that respecta
bic and influential branch Of the body commercial
brokers in the staple While we are auding to these
useful members of the trade fresh arrived agent in
quires why they take brokerage from both sides
Say from buyers and Sellers or Bulls and Bears Pos.
siby newly arrived acquaintance though profess
ing to be we'll posted in the grand staple will be much
wiser next spring when be returns from whence be
came, than when be arrived here ten days ago. He
will, like many others, come and see US again next
fall though his bills might not prove current this
season, they may be regarded more faYorably the
second season.
Well, as we were saying Carondeet street turned
out numerously The Africas adyices were discussed
and, being regular full credit was given to them.
The cotton market, it will be seen was quoted steady,
with some advantages in favor of sellers-Orleans
Middling being quoted at 81 and 15l6. Let US cy-
pher up, and see how these figures stand relatively
with market at this time: Middlings costing
l4c,, freight &, exchange Z per cent, must bring
Z SD. in Liverpool to pay, which includes one
months storage in Liverpool.
After the announcement of the Africa the North
ern mail, via Mobile arrived (haying been detained)
bringing the European mails by the Canada. The
reading Of the correspondence occupied some time,
so there was not much time devoted to the cotton
market, and the days operations were on a much
diminished SCALE being less than any day Of the
week The falling off in sales was owing to the ad.
vance in freghts, they having advanced to ID. for
Liverpool and lc for HaYTe. These fluctuations in
freights at times play the mischief with cotton 1t
will be well enough for our cotton factors and cotton
planters, many Of whom fushin gold, to consider
of building dozen of large screw steamers that will
carry eight to ten thousand bales of cotton. We
| could then accommodate our transatlantic friends
by sending them cotton to their own doors, without
being subject to the fluctuations Of freights the de-
mands Of New England ship owners, one-half of
whom are Freesoilers and Aboltionists.
/ The further talk was Of the financial and political
! intelligence by the Africa. Consols were reported
firm at 98B and 954. We are safe for another week,
| but confound this everlasting talk about consos.
What does Camp street or Carondeet street care
/ about cons0ls! That young factor need not be
alarmed about cotton and consols. Suppose Gonsos
went down to rs So will he sell bis cotton for six
Or eight cents Fudge! this eternally alIuding to
the price Of British COnsOs bearing the supply
and demand, or production and consumption Of cot.
ton, is an unaduterated humbug or deluson, puerle
and weak. The telegraph says something about
i Manchester-that trade was quiet and unchanged.
Well, this is much better than the apparent stereo-
| typed accounts we have had for weeks. The sugar
market is alluded to being rather dull and prices
had declined one shilling per III lbs. We hope our
sugar planters will not become alarmed at this de-
cline. Our friends over the water do not use LOui.