New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-09-22

mated TO b duo over the jackson Railroad last eve
ming about 5000 bales These bales will BE- at hand
with the receipts hereafter being regular. The
steamer Crescent that chartered by the Company
to transport the cotton, having been repaired de-
parted from the lake.end Of the road or from the
debouchs Of tho canal last evening The staple will
soon b received. The railway over the crevasse
disturbance Is not In condition. yet to transport
the heavy freight trains.
It is probably good time to bring up "Reminiscences
Of the last crop Of cotton say for the year 1858 49,
Our plain and erudite figures which We gave from
week % week after the first Of January, 1885, were
considered by factors and planters as drawing on
imagination, particularly when We placed our esti-
mates in January last at s,75o,oOo bales When We
last spring Published from week to week our esti-
mates that $780, 900 would b the crop our opinions
were regarded q being altogether out Of line; 80
much that they attracted and drew forth the fol-
lowing communication, addressed to the Morning
Bulletin, Memphis This paper in question we have
not seen for year or more. friend has. however,
sent Us the following extract Though written over
four months since, We publish it to show how far
from results some writers may be. Our own private
opinion Is that the article was written in New Or
leans and forwarded sub-rosa to the Memphis Bulle
tin. If We are wrong on this point, We are open to
THE COTTON CROP.
Hon SPRINGS. May 1, 1859.
70 the Editors Of the Msruins Rulleliu :
noticed an extract taken from the New Orleans
Crescent giving an estimate OF the present crop OF
cotton Il states the receipts at all ports to the 10Th
OF April to be 33l1 $50 bales, and goes to show
the receipts will reach for the entire year, three mil
lion eight hundred thousand bales In order to prove
this i would require the receipt after 10th April to
q Zholo Tock tho osnfo oft OF
time were 396.045 bales It would require 92,S9O
bales to go forward after 29th Of April more than
vent forward vt same time last year, which is the
most absurd and erroneous calculation G, yet made
about the present crop. II will be recolected that
last TALL the picking commenced at least one month
earlier than it did the year BEFORE and the weather
was very favorable, not one drop Of rain till near the
hrst OF November, in consequence Of which consd-
cradle part Of the crop was ready for market unusu
ally early. All the interior streams have been in
good boating order all the season, with increased
railroad facilities. Prices have been good and money
good (gold or its eqniyalent) These circumstances
ward their crop more readily than they ever did be-
fore and there less cotton in the interior the
18th Of April this year than has been for many years.
The crop previous, the picking commenced one
month later than the present the great money panic
existed and money was hard to command; prices
went down the general suspension of all banks
caused mistrust in all money, and planters preferred
to hold on to their cotton than to sell it for suspended
bank paper-the consequence was . large list OF
cotton went forward in May and June last year. l
have lately travelled through the finest producing
parts of the interior Of Georgia. Alabama and Misss
sippi and rarely saw bale of cotton. The cotton
has all gone into Market and instead Of there being
more cotton this year in the interior than there
at this time last year. there is not one bale for ten
and instead Of the receipts reaching three millions
eight hundred theusand bales three millions four
hundred thousand is reasonable estimate. It will
never go over three and half millions. notice that
the planting Is very backward this spring in ccnse
quence OF the very wet weather during the latter
part Of the winter and spring The late cold weather
has destroyed the early planting. and there is
great want OF seed for replantng in different parts
of the country. The overflow Of the Mississippi has
certainly cut off those rich alluval fields in the bottom
land and from any hope Of q reasonable crop.
therefore set it down that the chances for full crop
Of cotton this year is out of the question: and by the
first Of July good middling cotton will be worth
fifteen cents. sg-s CoTToN PLANT.
The mail via the jackson Railroad, due yesterday,
failed from beyond Canton. The failures at this par
ticular point too frequent for dry weather Later
advices from Europe are due by the Nova Scotan
Of the 7th at Quebec, and the Arabia at Halifax of
the 10th. The Arabia's advces ought to be at hand
this morning In the meantime, the talk and belief
is our community can get along at least week with
out an arrival from over the Atlantic.