New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-11-01
Meu Orleans 1ailp Grestent.
TUESDAY MORNING, NOVEMBER i, 1859.
~ - - ~ .1fn-fe's.-
TALK ON CHANGE.

TALK ON CHANGE.
The early part of yesterday was devoted to the
reading of the correspondence received by the
Persia's mails, "a part of which came through.)
The recent cold snap of weather was also com
mented on, as there much talk of frost in va
rious parts of the country, and from some sections
it was represented as killing, which means that it
has checked the growth and maturity of cotton
bolls for this season. There were dispatches re-
ceived yesterday that killing frost was expe
rcnced in the vicinity of Montgomery, Ala. But
the question is, what is killing frost? Many dis
patches are sent on the spur Of the moment, say
by an operator in cotton, who may have just ptlr-
chased a few thousand bales. The talk is that it is
best not to alarm the Manchester spnners or to
encourage the efforts of the cotton supply associa-
ton of that borough and city by accounts of def
cheney Of supply of the staple from the United
States-for it is manifest that cotton growing re-
gion of this confederacy supply the world, pro-
yided there is suiciency of labor to cultivate the
land which may be brought can be brought
into cultivation.
There was some talk that the several cotton
presses could not meet the requirements of the
shippers Of cotton--that is, the cotton purchased
think this is fast age, when twenty cotton
presses, worked by steam, cannot meet the re-
quircments of shippers: and some of these presses
can press and turn ont from nine to twelve hun
dred bales per diem. The talk is that the steam
presses Of Frevet Brothers alone can compress
from one thousand to twelve hundred bales per
day. Of course it might be impossible to deliver
this quantity shipboard from one single press,
for the want of vehicles to transport it, But
are stopped in our talk by other nSinuations which
means that conflicts arise almost daily between
sellers and buyers Of cotton of which we do not
choose to talk about.
The talk of dusty and sandy cotton is still CON
timed. We, however, think that the talk we pro-
mulgated from week to week last summer has been
productive of some good as We observe that the
bales which are now cleared at the Custom-House
are on average of a less size or lighter weight
as will appear by"the comparison Of the great
cargo of the ship Ocean Monarch, which was
cleared on Saturday last, the 29th of October, with
70i3 bales of cotton, weighing 3,l49,5O9 lbs,
average of di7 lbs u bale, against average last
year of 472 lbs IL bale. As this great ship cleared
hence in March last it is fair to conclude that she
carried good deal of sandy and dusty cotton,
shipments late in the season comprise the latest
pickngs. The Ocean Monarch is registered at 2l45
tuns and it is presumed she will go over the bar at
the mouth Of the river drawing 10 feet 3 inches of
water or thereabouts, and if an old fogy " of the
present day, termed, had predicted 20 years ago
that ships carrying 1000 bales of cotton would find
ingress and egress through the mouths of the Mis-
sissippi, he would have been derdcd in the same
rna nuprth hat thn lat al
he suggested and advocated the railroad from
Memphis CTenn.) to Charleston, S. c. We have
only to remark that the Ocean Monarch has been
loaded in the short space of lG days which con-
firms the talk heretofore, that business and dis
patch are the prominent features of the commerce
and trade Of our city. The Ocean Monarch was
| built for the passenger trade between Liverpool
and New York, but it is found more profitable to
| come to the great South and carry cotton The
screw steamers, under Mr.. Bulls encouragement
| are rnonopolizing the trade.
| The further talk was of the receipts of cotton
They count up well, including another boat load OF
over G00o bales, and with the numerous arrivals OF
| steamboats,, there was considerable activity and
briskness on the great levee. There were some
| accounts of a heavy frost in Alabama and other
sections, but what effect will have remains to be
Bears think they will have the CALL and as there is
no prospect of rain at this moment the 1000 OoC
crop believers have the call and dry weather to
the 10th inst. will settle the question so far as est
mates are concerned, provided there is no further
| frost.
| The further talk of the meeting of BUYERS o
cotton on Saturday evening last. The meeting
was convened in conformity to notice and numer
| ously attended. Various resolutions were passed
which will be made known in due season. as the
meeting was of a private nature-that is to inter
change views and opinions between buyers to
adopt measures to relieve the great cotton trade OF
many and growing evils. The proceedings and re
suits cannot with proprety be made public through
| our talk for the present.
Under our monetary head of this morning will
be found the proceedings of meeting of spinners
and others in Manchester last month. 1t appears
our transatlantic friends really and truly moving
in regard to adulterated cotton.