New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-01-27
gfb 0rltans AaIp Grtsesnt.
THURSDAY MORNING, JANUARY 81, 1859.
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The money market in general moved along verv
,uatlv to-day The calls on the banks Tor dscfrmt
we're with come double the income with Other. An
anal amount. There were some reflections The | ],
inc OF exchange IL another matter and does not
,oe under the regular supervision Of the Board Of
Directors only the davs OF discount. There Is no
question. however hut what some speculative paper
ma been on the market The supply OF capital il
rec and likely 70 continue There was free supply
II commercial paper Offering TODAY through bsokers
It "a act Some MORTGAGE securities were placed Al
zpct The hanks discounted freely If abort at>d.
The cotton market il we'll snnnorted bv the rednnd
,ncv Of money. The gales aa;x e,a sn;ciept.to -
eve the advances and s,,,rIns ~ ,o,v and ;n,a;o
nuaIitv ~ COTTON IL da;,v .cc,,,,at;n - an.
let Tho stool IN xarehouaas ana on sh;,,o.ra g
now nearer bo,f a;ii;o, - ~. 80 heo..
nth ero. sho- e - 49,,
ton From n,esent o,d CO., acco,ts
there q 4 he ano,,er bIocIad - .a ,,,,, - ~
river We learn there s,e ehna o,, aet.;ned a. t,s
Raze waiting n, vater :. cr,ss Tho Ior and s,r,.
veasels have noon atoi,aa ~ s,taa,
twenty-five dav. I,or;,v 10 rooas ~ .,,a ,,rs.. -,
If sao0 nm hv fongrass j, nssr ~
channel omen a. The months ~ nc ,;r.r ua. NJ.
th;s monav bean ovnonsods r, a.. go. =.
change drawn against s;n If cotton ,o,v 80.
inc for water IN move IN ,,o,ka, III, =, ,,,n,,;,.. -
maturity. and we NAV exnect II haar - ~ os.o,,
being slaughtered an it's he;nr landed Il I;,ar,,,,
The exchange market was oanera,lv boo,v $500,
Tho counter rata for ctecl,s =, Me-, Wi, a,
connt outside there vos No, ,,o,, IN. .,.,.,-,.
s15o mn in lots were nasaed - 1aIe .,,5 ~ -
sobt v;tbo,t oroca az a;soo,.t -. !. -!
for snecal remittance !. i, othe, so1as go,
and nor cont discount and fraot;or 49, M.
we're saver.l transact;ong IN c.or,;nr T., .a..:.
tance the ratas wore 1osl n Insa na.,ars 80
buying clear hills a. 1oo "a ,esi ,;th g. -,
a. h.nd noorr,an+ h;,,s In1l "a Io-, ~, ,ng5
- ~ D oiii' Ao'4 " Ao'2 anu iVa4.
frahcs are mol 80 pentythe chief purchases OF cot
ton having been made this season. there are very few
commercial drafts offering We quote 527A an 52l}
which shows an advance There is a suppIv eoual to
~ aaa.a,,, -, = suppy eauai :.
''ie ueau' anu i'heiy ~ commune lor some Time 10
come.
Stock quiet some few shares changed hands to-
sho,.s pan, ae NJ n.,aa ." ~ e
snai@ damn VI New ofieans ~ iole ~ snares
Union Bank at lOl; 10 shares Crescent City Bank at
l03. Bonds and other securieties quiet
c. I,s.:sss -. o.'..p :. Nv" uia"s
On San Iahciseo ~ sums 70 accommodate those go
ing to California This will be aconyenence to those
embarking for that section, and obvate the ne
cesstv of taking gold or silver as these drafta orc
as.o.;a,,. - a;.ta- -. - 80
heeo'iapie vi e,'nef lou'e ihey VINO desire 70 en-
bark by the Quaker City on the 2sth, will have no
difficulty in exchanging their funds
The following interesting account If tho cot,on
~ 80 p,aa,.,,s :. -
manufacturing 'oHh u biaehourn IS OF considerable
interest to the cutivators and dealers in the great
staple. Blackburn is in the county of Lancashire
|
,on,,o.;o,, oe Ok mo ~ d. 80, wv
popot"''on " o''uoo a.u 'ao aAiia. pioouc.lon Oh
cotton goods IN all Is estimated at fifteen million of
dollars When will the first cotton factory be organ
lied and in operation in this citv of New Orleans
.,.,,o.o ~, A. 80 osas
"n'ie aAi l',e "Pp4'onee' ~ purposes
are al hand "A
lfrem late English faper.l
STATISTICS OF THE COTTON TRADE OF BLACKBURN
AND THE NEIeABoRHooD.
Inc yarn market held at Blackburn every Wednes-
day is next IN importance to that Of Manchester,
being attended by splnners from all quarters. Mr.
Alderman Baynes has just collected the following
statistics Of the extent and Importance Of the cotton
trade in this district which may be interesting to the
trade generally = furnishing data for calculating the
productive power OF any particular locality.
Mr. Baynes, at pages AZ and 40 Of his lectures on
Inc Cotton trade, gives certain data for calculate
ing the power, number OF persons employed, wages
earned, ETC.. such as that each real or mechanical
morse power VIII drive 45O seifactlng mule spindles
with or 2oo throste spindes or Is looms
for 4oinches cloth, with winding warping and siz-
ing. Each morse power IN spinning Will give employ
ment to =. operatives but in weaving to 10 persons
at wages averaging full los Cd U week each per
son, men, Women and |, children, including short
Imefs. IneIe were on the ISL INST: n actual opera
ton In the town OF BLACKBURN ga $50 600 selfactng
mule spndles, and $1,000 throstles-total, LOIS 600
spmdles 500 powerlooms, employing about 23,-
soo factory operatives ana the wages earned by
them amounted 70 tlZ,5GO per week. The total real
power employed Is 4, 4, 10y horses
Lhere are IN ADDITION, mills and sheds empty !. OF
only partially employed, capable OF containing g goo
mule splndes ana !, eUo looms, portion OF which
Will Il, shortly oe at WORK.
me hxed capital IN mills aa Ia and machinery, Mr.
as4in sena 81 az ana .e
hoa,lhg capltai az t9oo uOO, besides the balances
bankers are required 70 keep 70 enable spinners and
manufacturers to hold heavy stocks Of cotton yarns
ana cioth' when IL may be considered advisable to
40 80 SO.
The average counts OF yarn spun and woven are
from SQs q S2s. twist, and 34s q 36s. welt yarns
per week requiring $4,000 700 bs Or 1880 bales