New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-09-27
VOLUME XII.
Nem @rltans @aiIp Grsstent.
TUESDAY MORNING, SEPTEMBER 27. 1sss.
TALK ON CHANGE.


TUESDAY MORNING, SEPTEMBER ~, 1859.
TALK ON CHANGE.
The week commenced with large receipts of cotton,
and with advices from Liverpool to the 18th inst,
via Queenstown. The general tenor of the COM
mercial adyices do not encourage any advance or
enlarged sales in cotton The renewal or outbreak Of
hostilities in China will cause something of stir in
England and France. The talk was yesterday, what
will this renewal of hostilities, attended with an
acknowledged defeat, lead to. Mr.. Napoleon the
Third cannot transport troops to China with the
facility he did to Italy nor can the Aes transport
an army under the same auspices they did to the
Crimea. The talk is that all interest In the Zurich
Conference, or the Congress that Is to be, will be
swallowed up by events in China. The great battle
at the mouth OF the Pekin river, Of which we have
imperfect accounts the telegraph says took place at
the mouth of the Pekin river. This is supposed to
be the Peiho or White river 1t is matter Of little
moment about the location but the talk is, Mr. Bull
and Monsieur Crapeau have been thrashed and
defeated There will be good deal of talking, and
possibly some acting on Downing street and the
vicinity Of Tuilleries. Quien sabe? The talk was,
what effect will this war with China have on financial
AFFAIRS 1t is only of recent date that twenty-five
millions of dollars had to be borrowed for the
Hindostan or India war disbursements. The talk is
these China squabbes may lead to other important
events, and that the coin specie continues to be
called for every week in London to send to the East
which in some measure reacts on this side Of the
Atlantic. Whether the commercial and financial
relations of New Orleans so blended with Europe
as to be affected by weekly drains Of specie, is
question 10 be answered but the talk is that the
Secretary of the Treasury, Mr. Cobb, should orbear
for the present making any more drafts which will
tend to depete the coin in the vaults of our banks.
Through the extraordinary mail movements, part
of the English mails by the Persia were received on
Sunday the 25th, and part on yesterday there is
another part still behind. We, however, received
installment. which included the following letter
LIVERPOOL, Sept. g. ls59..Cotton, you will OBJ
serve, does not get up but rather the contrary In
Manchester everything ia in satisfactory condition
true, such goods as are made for the East Indian
markets are somewhat lower under the influence of
the unfayorabe advces from Calcutta, but yarns and
goods for the home trade are firm and in steady de.
mand, whilst some special sorts literally cannot be
purchased for immediate delivery, and contracts for
the future are only taken as favor at unheard of
prices.
The harvest is good one, and although the drain
of money for the East still goes on, there is diff
Guilty in getting good paper discounted at per cent
per annum: Every day adds assurance TO the ex-
pectation of firmly established peace the Cont
nent, and yet cotton s as dull and sluggish as you
can well imagine There appears to be ten sellers for
buyer, for decent clean cotton whilst can
honestly assure you that low qualities, particularly if
dusty or sandy, are literally unsaeabe-y0u cannot
get an offer for them, aud l do not wonder at it,
English spnners have found out that Mississippi soil
cannot be spun into thread and ! prophecy that
hencefor ward planters will not be able to sell their
plantations by retail with the facility they have
hertz I free nd
to I'D; Sandy, nothing at all.
Yours truly,
The further talk yesterday Of the large receipts
Of cotton. They were heavy since Saturday last !;
up to last evening l7osl bales, including 1857 bales
received by the jackson Railroad. The receipts for
the corresponding time last year were IA, ,627 bales
There were some movements in the great staple
yesterday, as will appear under the commercial
head. The Bears say that the fall receipts were not
absorbed in the way Of sales. There are complaints
of carelessness in packing up much of the cotton
now coming to market Our Liverpool correspondent
audes to sand, dirt and trash The talk is that the
time has arrived for some definite action on the part
of factors and Others in relation to the careessness
and inattention in the ginning and packing, and
substituting deceptive marks on the bales There is
a large quantity of ordinary cotton now on storage
in Liverpool eating itself up in the way of storage,
interest and insurance. and it may be months before
it will meet with offer that will cover the cost
4ad. to sd. very low figures for any cotton re.
ceived from New Orleans.
The mail via the Jackson Railroad failed yesterday.
This is the fourth faure in succession an expana.
tion is due from the contractors regarding these fail
ures If they continue at this rate the new route via
Florida will be looked on with more favor though,
really, if there is another route established we may
not receive more than one mail per week. The Jack
son Railroad contract route has received our hearty
support, but really the failures becoming too fre.
quent for the public to refrain from comment.
The next arrival from Liverpool will probably be
the Asia of the 18th inst She will be at New York
on Thursday; if intercepted off Cape Race, we may
have her advices to day.