New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-12-22
Neh 0rltans 1ailp Crtstent,
THURSDAY MORNING, DECEMBER %, 1859.
TALK ON CHANGE.

The Arctic weather yesterday seemed to present
some impedment to active operations. The levee
and landings have not been favored by the recent
weather. 1t is hardly necessary more than to re-
mark, that some of the streets are very badly cut
up The large accumulation of cotton at several
of the presses brings up phase on Change.
Dealers in exchange, that is, large buyers, make
it condition that the cotton shall be delivered in
four days from the time of negotiation for the bills,
and engaging to pay interest what may be ad-
vanced. This is bringing the question home to
shippers. The talk is, that there is great de-
ficency Of drays, draymen, and the of trans
porting cotton from the presses to the vessels. 1t
is suggested that drayng associations might he
yganzed, and would be, under good mana cement,
paying investments. With the exception Of cotton.
produce is not arriving in large quantities as for
the corresponding time last year. Reports Of an
embargo from ice on the Upper Mississippi are one
of the topics Of talk Tchoupitouas, Poydras and
New Levee streets. The stage Of water from st.
Louis up and down. forms great obstacle against
an immediate resumption of trade with the great
| West, though with the Ohio river the commune
| cation is yet free.
There was some talk of an advance in freight on
cotton to Europe being realized; that ship was
taken mp yesterday at I'd. for Liverpool and vessels
partly loaded filling up at 9.l6 and 1924. We do
not desire to have any greater variation or division
than 32ds but some talking yesterday of 6ltlls, we
concluded not to wait to learn any sharper figures
than 32ds, cannot give the result of 31-64ths
of penny. The further talk was, of the deficiency
from last in the receipts of several articles
/ of Western pro luction-say -four, pork, corn and
wheat. In the item of flour, the receipts are
3O6 900 barrels against 4s 900 barrels last season.
and in pork the receipts are only q 600 barrels
against s. 900 barrels last year.
There was. of course many alusions to the DIFF
ferences between the buyers and sellers of cotton.
| Many of the prominent buyers seemed determined
TO adhere to their resolutions and signature. The
committee give notice elsewhere to all desirons to
/ withdraw to come forward forthwith and erase
their signatures, before the articles are forwarded
to Liverpool and to Northern principals. There is
no use in blinking the question If the large buyers
hold of, and factors refuse to to terms, or an
understanding not be realized, there will he great
confusion created which will react in a manner
! subversive to The general money market. The
present position of the exchange market gives an
| inkling how the course OF events will tend.
| Talking of cotton brings mp an incidental alluson
| TO twelve-pound cannon ball being found inside
| of bale of cotton opened at factory in Rhode
| Island 1t not ascertained whether the cotton
went from New Orleans, Mobile, Charleston, or
| Savannah. 1t was talked of ominous for the
future. 1t is hoped our New England " friends :
will not consider this as an intent of what the
South will do We much prefer to send them
cotton bales than cannon balls
Tbo iI,-o 4ho Ia.E pail fall
yesterday from beyond Canton We hope thai
gap will be filled up by the lst of March. Con
tractors will have their way, in spite Of bonds
and penalties. The Asia, from Liverpool on the
10th inst ought 10 be in New York to-morrow oi
before. We do not look for any important intelli
goncc by her arrival. The steamer Of the llti
inst, for Portland, will be the Hungarian, fast
| boat