New Orleans daily crescent., 1859-11-10
VOLUME XII.
yle6 Orleans nailp Crescent
THURSDAY MORNING, NOVEMBER 10, 1859.
TALK ON ,CHANGE.

Among the many missives of supposed intelli-
gence which emanate every week from New York
for the express benefit of the great cotton trade
on the other side of the Atlantic, none have at
tracted more attention perhaps than those issued
from the Office of w. P. Wright Co., New York,
and the talk is, that circulars have been produc-
tive Of more injury to the great cotton trade than
those weekly manitestoes. As regards actual re-
cepts of the great staple, stocks and exports, TO
which these circulars allude, there is nothing in the
way of cavil, but when estimates and opinions are
brought forward to sustain investments OF cotton,
part of which, or the whole, may be sold IN hd"-
sHu, it is well for outside parties to scrutnlze the
figures which are forwarded from New York week
after week to influence the markets OF England.
In the circular of Col. Wright, (whom we style
Colonel from courtesy dated New York, Nov. l,
we find the following paragraph, allMding to the
receipts of cotton:
Receipts at the ports continue large and are
likely to be large for months; the 1tcefS are htyh;
new railroads are opened; roads in good order:
prices satisfactory, every nducement and facility
for planters to hurry their crops to market ana
realize them We have on several occasions IN
sisted that large early receipts do not OF necessity
imply large crops, and that comparisons are olteh
calculated to mslead
y
the above, stated how many thousands Of bales You
were interested in, (now IN transau) we could
come to some determination; but as we are not
exactly informed of the extent of your interest in
cotton now on board or in hansau, specially the
parcels by the ship Ocean Monarch, which cleared
the bar of the Southwest Pass night before last,
and which cotton was sold IN tusan at ll3c. u ii
for Mddling or thereabonts we cannot talk as free
p,,ta m
& Go, say on the st inst. that the rivers high
roads in good order and every facility at hand for
large shipments Gt is presumed to be the shipping
points.) Many hundreds, perhaps thousands in
terested in the navigation of the rivers will be glad
to know where the water is in those rivers said to
be high. True, the bottoms and sand bars Of many
are 80 high out of water that they can be walked
over without aampening the sole of foot.
Col Wright figures up that the receipts at all the
ports on the lst inst were Gi5 900 bales. Up to
yesterday, the 9th inst they were 935 900 bales
according to our figures, which makes large in
crease for eight days, say 100000 bales: and ye
water in the rivers is considered rather low. il
fact, steamboat proprietors are very anxious t.
know the Whereabouts of the high water that Il
flooding cotton so readily to market.
The further talk on rue Carondelet was that there
has been very little purchasing of the staple ol
English account direct, that is, for spinners Thi
is rather in conflict with many expressions, .whicl
/ were that spinners' agents have been acting, ye
there have been many purchases speculation
or for account of the middle operators on this sid
! and the other and the hope is, that they may COM
ont well.
| The further talk was, that Manchester spinner
have been highly favored the past year: that larg
profits have been realized, even that buying bal
of cotton in Liverpool and making it up into yarns
a profit of 81 to f3 sterling has been realized Thi
| leads to talk that spnners and planters realiz
ing all the profits and advantages in the great cot
ton trade; that the middle men (they who buy o
commission solely will only make their q 52ct.
| that those who purchase on joint account ma
make sufficient to pay their cigar bill: that thos
who purchase for rise may perhaps make bot
ends meet if they continue to purchase to the EN-
of the season. 1t is now talked of that there
some discrepancy or difference in the classifcatio
of the various grades of cotton that cotton ranl
ing as Middling in our market, takes higher stan
in Liverpool. As we have not been in Llverpo
lately, we cannot define the various classification
of that mart. There is very little talk or dispu'
about the crop of this season. 1t is settling dow
to 1850 900 bales, say-f four and half millions ;
the minimum. If there are any parties doubtin
we solicit their opinions.
There are, however, many complaints of du
and sand, and some discrepancies and dfierenc
have been discovered in several lots of cotton so
lately. False packing and plating has been d
covered lately; not, however by moonsl,ue al
but by broad daylight; and yet there are plante
far nj
in the complaints These are very strong charge
If there are any merchants in the world who stut
and protect the interests of their patrons and Gu
toners, they the cotton factors of New Orlean
so it is out of place for planters to be chargil
t them with completely and duplicy, as appears
communication now before us.
The mails failed again yesterday, and they mi
continue to fail unless the penalty is eXacted. 1t
sheer nonsense for parties to be offering to dev
d the mail duty from New York in three days and
= half. 1t cannot be performed via the Jacks
Railroad, by the Mobile route or by the Flori
route. We might perhaps receive one or two ma
per week in four days, and that is the extent til
can be performed one day with another; so it
all nonsense to be talking about three and tfr
and half days. What the community of New
leans require is regularity and system. If Mr.. H.
can, through his subordnates and contractors, 81
Il us mail daily (and regularity in four or four
lie half days from New York it will be all that is
!. quired. We do not belong to the fast age" a
we might in our talk alludc to many fast things a
investments which will end in smoke.
= THE NICARAGUA RouTE.--Commodor Wand
bit is making an effort to reopen the Nicarag
route. He has offered fair terms to the Mica
guam Government for the privilege of transport
passengers, etc, across the Isthmus. He ofer
ed dollar for each passenger, and proposes also to c.
ia struct railroads between certain points
n =, Isthmus. 1t is said that the Ncaraguan Cove
mcnt makes some objections to the proposti
and chiefly on the score of the impracticable gr
= to M. Belly.
LOST OvERBoARD-Capt. Russell, of the S
Sheridan, reports that on the 2Gth of Octoh
when off the Highlands, Charles Brown, seaman
os native of Norway, fell from aloft and was lost.
ell HIGuFALurIN.-Lad Morgan says in one of
! works that cone of the things worth visit to Pi
A., ,,.ou;eta oonfoctinnery lipht and Il