New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-12-16
Nem Orleans 1ailp Crescent.
FRIDAY MORNING, DECEMBER 1c, 1859
TALK ON CHANGE.
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Nothing OF an important nature transpred yes
terday on Carondelet and cnvirons. The
weather was favorable for the usual corner congre
cations, which were numerously attended. The
America, or the steamer of the Sd instant from
Liverpool, was expected to be announced as hav
ing arrived at Halifax. There was disposition
evinced on the part of buyers to await further adj
vices from Europe.
The receipts of the staple continue free as will
appear by reference to our marine list. It is now
settled that the reported rise in the waters of Red
river was of very brief duration. Not one of the
ordinary sized boats has passed over the falls at
Alexandria, consequently the receipts of the staple
from Northwest Louisiana are light, very light
There was some talk that it would be well to get
off some of the great stock, or part of the pur-
chases made within the last twenty days. We have
thought, when scanning the clearances of cotton at
the Custom House for Europe within the past ten
days, that they bore very lightly in comparison to
the quantity reported as sold from day to day. This
leads to remarks and talk of complaints, delay and
detention of cotton at the several presses. Not
w1ttstanding there are twenty-five or more cotton
presses, some with double presses and appurtcn-
ances to expedite business, buyers and shippers
talk of great delay and inconvenience in their cot
ton not being delivered to vessels with that
promptness and punctuality which has been one of
the characteristics of the trade of our city, Ship
masters and stevedores are complaining, buyers
and shippers are demonstrating; buyers Of ex-
change, based on cotton, are also complaining, and
old buyers who have been on our flags for fifteen
to twenty years. talk that the mere fact of weigh
ing and marking cotton is not to them bona fde
delivery. In fine, there is something in this talk
creating the belief that several cotton presses have
more business and more cotton in their premises
than can be attended to, while there are other
presses and warehouses doing comparatively moth
ing. Of course every factor has a designated
press. The further talk is, that the large presses
or warehouses have monopoly Of the storage and
COMPRISING business, and at this time have more
than they can attend to- which retards shipments
and seriously interrupts the dispatch which buyers
of cotton desire to realize, and the buyers of ex-
change insist on as the sine qua non of negotia-
tions therefore, it has been suggested on the flags
that in the furtherance of business, it would be
well for factors to divide their business, that is,
give a share of their large receipts to different
presses or warehouses. This was the talk yester-
day, and we have often heard and talked of it, It
is, however, unaccountable that with the fine and
favorable weather which has prevailed this season,
thus far that there should be any delay or diatori-
ness in the Transmission of cotton from the presses
to the shipping. 1t is however, manifest that the
very large sales of cotton for the past three weeks
with engagements for freight and taking up of YES
sells, that the clearances and exports have been
light, very light, comparatively.
There were other matters talked of on the street,
particularly the so-called Union meetings in North
ern cities, which are regarded by all true Southern
ers as dclusion, or rather misplaced at this period
in fact, it is too late. r" We shall have to en-
trench behind our cotton bales In the meantime.
there is very little talk going on about matters and
things in Washington. Very little said aboat the
great national bear garden, further than if both
Houses of Congress adjourn and go home the
country would be benefited.
There were parts of some back mails received
yesterday, with New York dates of the 10th. The
arrangement made by the Jackson Railroad Com
pany, in place of the repudating contractors over
the gap, leads to the hope that there will not be
cause for further complaints.