New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-11-22
TALK ON CHANGE.

The week opened yesterday with the very finest
weather for business, yet there were no important
transactions carried through. The arrivals of
steamers from above were Free and the shipping
has received large accessions since last talk.
The amount of tunnage i'll port is large but all will
be wanted. There has been an immense destruc-
ton of vessels within the last thirty days. in fact
every mail brings details of losses from every quar-
ter of the globe. The talk on Carondelet street
opened yesterday with opinions and views the
Canada's advices from Liverpool. Commercially,
they were regarded as good for the shippers of the
new crop of cotton costing in this market IL cts,
freight 9-l6d., exchange l0s3. There very lit
tie talk of the financial state of affairs, it
well known the supply of money on the London
flags was free On looking little further into the
private correspondence by the Asia, received on
Saturday last, some very remarkable sales of cot
ton in Liverpool turn up for the week ending the
2Sth October. Amongst the large sales of 81 $3.50
bales for that week, find % ,499 bales of Orleans
at 25d.@4d. and Sd. Twopence half penny is in
federal currency, at 0 f@ct. exchange, five cents
Will some of our good friends, who take so many
exceptions to our talk, figure up how much is lost
on this low priced or sandy cotton? 1t is many
years since had to talk of 23d. for Orleans cot
ton in Liverpool; yet with these recurring reports
of sales every week, the talk is, that there are
many friends of dusty and sandy cotton appearing
on the market from day to day. While talking of
cotton, the lack of intelligence and the ignorance
of many Northern writers regarding it are brought
up. For instance, the following extract from the
NewY ork Herald of the l4th confirms this remark :
The sales of cotton on Saturday embraced about
$500 bales, 1900 of which were sold in transit clos
ing the basis of lla0Dl5c., chiefly at the inside
figure. The news Of the advancing tendency IN
prices at Liverpool seems to have been counter
acted by accounts of the large receipts at the
Southern ports 1t may be remarked that the ex
tension of railways which now penetrate the prn-
cipal cotton districts, combined with the nayigable
condition of the Southern rivers, has afforded un
usual facilities for getting the crop early to market
At last accounts the receipts since the list of Sep
tember had reached 10000 bales, and by the first
| or second week in January they may reach over
OOOOOO bales or fully, il not over, one-ourth of
the whole estimated crop of 1859, result without
| precedent.
Now, observe that actual receipts and figures
will show how far the above writer was out of the
way. Our friend, Col. Wright, is greatly out of
line, but the above extract shows total Ignorance
of this great cotton question. One million of bales
is the amount to be received by the first of January
which is to be taken result without precedent.
| Well, that is about near as some writers come
! who never cotton field or cotton stalk.
Now for facts and figures. Up to last night, the
2lst of November, the total receipts of cotton at
all the Southern ports were one million one hun
dred and sixty thousand bales Q,l6O,OOO bales.)
| The above extract also alludes to the nayigable
condition of the Southern rivers. This is another
| illustration OF ignorance. To tell which of the
| Southern rivers are navigablc would be the most
! acceptable Information to our community and the