New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-07-26
TALK ON CHANGE,

The European advices by the North Briton from
Liverpool before the public in issue Of yes
terday. The commercial advices were satisfactory,
placing Middling Orleans cotton at 7l6d which will
save many on many thousands bales of cotton en-
route for the great market. After the opening OF
business further advices were reported, and were
deemed as highly encouraging, based, it appears,
the telegraph dispatches forwarded from the seat of
war by Emperor Napoleon to his other half Empress
Eugene) But these several dispatches are mystifed.
We have an account of tete.dtete between Mr.. Ma
poeon and master Francis Joseph, but the main ques
ton of the appears to have been overlooked and
the general talk s that it will be very unsafe to enter
into large commercial transactions with no further
details. In fact, the telegraphc advices are confc-
tory from beginning to end. Fortunately the ad
vance stage Of the season precudes the possibility of
any important reaction in our produce market So
our Western produce dealers will not be any worse off
by cessation of hostilities The Emperor Napoleon
peace dispatch is not deemed of sufficient mpor
tance to change the views Of capitalists Or none
holders. 1t is idle therefore to talk of the co ton
market, with only few thousand bales on sale
There was talk yesterday that few cotton fac
tors, pledged or unpledged (t is immateral which,
were talking of fifteen cents per h. for mddling cot.
ton; well let the talk be of IL cents, that is high
enough for the general safety and welfare of the
cotton interest," assuming that the market rules at
twelve cents for midding Orleans; freight I'd, ex.
change at 1909, mddling Orleans must bring, in
warehouse in Liverpool, I'd. We have to receive
fresh advces to warrant operations on these ures,
and yet with only the patry quantity of twenty five
thousand bales of cotton to move on some of our
worthy friends on de Garondelet, were so eated
at the advices received that it dangerous to talk
with them unless we interlarded our remarks with
shilling per pound, that is l23 cents.
1t ia extremely gratifying that we can talk of the
general safety of all the cotton exchange now run
ming to maturity. The ferocious Bears on the stock
market have now an opportunity to become doc lie,
aud repudate the bearish propensities, which have
ruled for weeks past on the fags in the way of stocks
and exchange. Nevertherless we call on the indi.
vidual, who, in January 1853 based his operations
on crop of 3,sO0,OOO bales, though We proclaimed
3750000 bales at that early period, as the growth Of
1855 to come forward and give US his views, because
We intend to make up our usual weekly table for
issue to morrow, and we desire all the information
which can be dealt out to US.
The further talk was of the growing crop, there is
not much to be said regarding it. 1t is doing very
well, and the peace will neither lengthen nor
| shorten the product The talk is that it is about
time we had some inkling of the first bale of the
present growing crop some folks talk that we ought
to receive the last bale of the growth of 1858 before
talking of the first bale of 1859. Be that as it may
the first of the new crop received in 1858, last year
was on the 18th of July, say two from Texas The
first bale received last year from the Mississippi val
ley was on the 9Th of August.
The following figures show the dates of the first
receipts of new cotton for fifteen years /: