New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-10-06
VOLUME XII.
nstu 0rleans 1ailg Grestsnt.
THURSDAY MORNING, OCTOBER 6, 1859
TALK ON CHANGE.

1t was rather quiet on Carondelet street and en-.
virons yesterday. The usual daily operations were
gone through in cotton; in exchange there was
marked dullness, which may increase to-day and it
may not. There was some vitality on Tchoupitoulas,
Poydras, New Levce and Fulton streets-as much as
usual at this 1t s manifest that the amount
Of business transacted, that is sales of produce and
merchandise, is less than at the corresponding time
last year. All arrears may, however, be brought up
next month. The largest demand for Western pro
ducts at this moment is from Alabama via Mobile.
The demand for South Alabama for provisions and
breadsufs appear to be largely beyond any previous
year. The talk is if it is cheaper for the South TO
raise cotton and overlook the raising OF corn, Wheat
and bread, and depend on the Northwestern states,
with abolition Ohio for food, a new leaf must De
added to the records of political economy Undoubt-
edy King Cotton is great blessing TO the country
and entire world. A Northern writer, in comment.
ing on the influence Of cotton says at present prices
it pays the planter and grower four cents per pound
profit. Possibly, he in some degree forms his esti'
mates from the liberal manner in which cotton
planters and Southerners generally spend and dis
bnrse their money in travels and Journeys every sum-
mer through the Northern States.
There was talk of the very fine weather for picking
and preparing cotton for market. There has not
been any rain of consequence in this latitude since
the 18th of September more than a trifing shower.
OF course, the cotton fields turning out highly
satisfactory. We regret to have to remark that the
prospects for sugar have declined correspondngly
with the improving features Of the other staple.
Some dealers and factors begin to talk of very low
figures as the product of 1850. Talking of the
saccharine brings up the extension of tie sugar
depot on the levee, the filing up of the battnre in
front of the Second District, which is progressing
finely and rapidly. aided by the very dry spell of
weather. The contractor talks Of controlling the
banks of the Mississippi the same as some iinanciers
talk of managing banks OF another cast, even with
only moderately filled vaults. The filling up and ex.
tending of this batture is of the most important
improvements brought forward for some years past,
not second to the repayng Of tie streets with square
block. The extension of the batture was, however,
act Of the City Council and though it will be at
tended with large costs, they will all be returned
when the ground is divided into lots and sold. The
talk is, that property worth 100000, more will
be reclaimed The contract for filling up is in the
hands Of parties who identified in the growing in.
crease and prosperity of city. The treasury of
the city will also be benefited at early day. 1t will
be time enough to talk of the disposition OF this
property when it is sold and the proceeds in the
strong box.
The European mails by the Asia were received yes
terday. The correspondents of our merchants con-
| nected with England write good deal Of the China
war and its probable effects. The papers comment
freely what is termed the rcacbery and perdy Of
the Chinese. Mr.. Bull is graspng. He desires the
same foothold in China that be has held for years in
HiDdosan. The Celestias, however, will show bold
'front.' and any advantages gained by the others will
be at immense costs of both life and money. The
character of the private correspondence by the Asia
is not lattering should like to peruse. Cot
ton of good and clean qualities WIS in request while
thousands of bales shipped from this port were un.
salabe, and Ordinary had been offered at four
pence per pound, without meeting buyers Is this
not strong reflection on the manner of preparing
and baling cotton sold in New Orleans? We again
repeat to planters repudiate sand dirt and leaves
give more attention and to quality instead OF
quantity; for mark our word trashy and dirty cot.
ton will not meet with buyers 10 our market if offered
| at five cents per pound.
The character of the financial advces by the Asia
are very favorable. The demand for money was
freely met, both in bank and outside at the rate of
q per cent. in bank and q outside. With all the
favorable adyces regarding money matters, we re.
gret to have to ndte that the talk is that the propo
sails for negotiations for the Tehuantepec Company
were not received with the least encouragement.
The cotton and commercial accounts by the Asia
will be found under the usual head.
The mails came through yesterday as late as due
The Canada, from Liverpool of the 24th for Boston
was fully due at Halifax yesterday. The Canadian
steamer Of the 2Sh will be the Indian due next Mon
day at the farthest. The further talk is that our