New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-10-26
TALK ON 'CHANGE.

II was very quiet on rue Carondelet and enyirons
yesterday, though the very fine weather brought
almost every one out. Of course, King Cotton
formed the chief topic of talk-the Bulls and
Bears in insurance, scrip and Stocks having fully
recovered from the supposed effects of the very
recent great fire, gave way to other reflections
and talked as though destructive fire was only a
passing event. Outside of rue Carondelet there
were large passing crowds, denoting that business
is resuming its wonted activity; yet we are con.
strained to talk that the general business of our
city will not exceed last year, unless it is assumed
that large increase of cotton will add to the sales
of merchandise. The most serious interference to
the advancement of the trade Of our city was the
great obstruction and detention of vessels last
spring at the mouth of the river. The great deten-
tion of vessels has been talked of all through the
Northern, as well as some Of the Western States,
which has led to large shipments or forwarding of
merchandise for the West, via the railroads. which
have their radiance from New York and Philadel-
phla. We are informed that in commercial circles
in the North the obstructions at the mouth of the
river have been greatly talked of. 1t appears that
the works of nature have been forgotten, for the
channels at the mouth of the river never admitted
vessels of over Is to l6 feet draught. However,
the inward trade of our city did not suffer seriously
from the blocking up at the Southwest Pass 1t
was the great outward trade which paid the
penalty for having too large vessels.
1t is a subject of serious talk, however, that a
large share of the goods and merchandise for the
West-which has for years passed through our
city-should be diverted to other routes, merely
from being detained by mud pile at the entrance
Of the great highway of sixteen States. The talk
is, that there will not be eighteen feet of water on
the bar of the Southwest Pass succeeding the first
rise of water in the Mississippi.
There was some talk of delay in the delivery of
cotton over the jackson Railroad, and to the talk
came complaints of various import. 1t must not
be overlooked that the elements retarded the eff
cheney of the road through the great crevasse.
From the damaging effects of this crevasse the
road has not yet recovered As the complaints are
only verbally made, we have no space to talk of
them.
The great malfeasance in the packing of cotton
last year, and which we noticed at length is still
commented on by Northern manufacturers, as will
appear by the correspondence below The meet
ing of buyers and dealers, which was to have been
held last evening, was adjourned to Saturday even
ing next, SO as to lay before the public further ac-
counts of false packing. In the meantime, it is
not out of place to publish the following letters,
which came from and are addressed to the highest
authority and standing:
BosToS, October l8 1859
GENTLEMEN--I am in receipt of your favor of the
Sth inst. | am pleased to hear of the movement of
gentlemen interested in the cotton trade at your
port with view to the correction of the abuses
which exist in the fraudulent packing of cotton
The evils are not exaggerated; in fact, think
that scarcely the half has been told.'' AS quite
appropriate, enclose you copy off letter which
received from orr Mr.. H, at Lowell, believe
on the very day of the receipt of yours.
] commend his remarks to your very particular
attention, and hope you will not fail to bear them
in mind when you shall execute the orders which
propose soon to send you. We cannot go on to
work such sandy and otherwise fraudulently packed
cotton as we have had the last two years.
Truly yours.
LOWELL, MASS, Oct. H. 1859.
DEAR SIR-We have this day passed through our
picker house about $4,000 pounds. We have
weighed the heavy dirt from the whippers and will
lows, and find AL pounds, or over per cent of
the cotton worked. To this, if we add bags and
ropes, dirt blown away by our FANS waste made on
pickers and in mills and shrinkage Of cotton fear
our total waste will be startling.
We are probably taking out at least 7 to s per
cent of sand alone and it is plain that we can bet
ter pay IL to l2lc. for cotton free from sand than
llc for what we are now using, staple remaining
the same.
We have to pay freight upon this sand after we
have bought it, and it costs good deal to separate
it from the cotton, while it is cutting up our ma
chinery and absorbing our oil.
Teryr