New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-02-12
Ntm @rlsans DaiIp Gresttnt.
TALK ON CHANGE.


The movements in cotton for the past three days
have kept Csrondelet street pretty active 1t turns
out talked few days since, that the first thing
we should have to talk about would be that parties
who so resolutely declined to purchase bale would
be in the market-this is confirmed by the sales
Of the past three days ranging from IL 900 to 900
bales daily. Though the market moves under de-
cline, there has been no later advices from Europe
since the recent reaction commenced. There was q
telegraphic dispatch stating Middng Orleans to have
closed at l3l6d. but this was an error, doubt,
as we have no positive sales below sgd. But Mid.
ding at 11c. with Is 32d. freight, et exchange,
must bring in Liverpool 720 for any margin. The
great oracle of the New York cotton Market General
Wright in his last circular, remarks that the excess
in receipts being 965 900 bales it may be further
increased this week Is or 10000 bales. Well, we
pretend to know something here in New Orleans,
though we never led off in estimates at 3,250 900
bales, and stopped at the many halfway assumptions,
say $500. 900, 100000, up to 100000, yet the
maximum Of increase is 1022 900 bales still we do
not pretend to say the maximum will be extended,
but we shall know on Wednesday next. Possibly
General Wright recognizes New York as the grand
headquarters Of the cotton trade where figures and
estimates when emanating are to be deemed as proof
positive.
| The further talk was on the obstruction at the
mouth of the river. OF course, many suggestions
are brought forward to remedy the evils but there
none more feasible at this moment than the came"
system, which can be supplied by the dry docks at
Afgiers, provided the large vessels blocking up
the channel could get over, SO the camels" could
have fair chance. The talk is, that some old fogies
know very well that twenty, twenty-five and thirty
years ago, the most water ever known to be at the
old Southeast Pass which was the main channel was
10 to Is feet, and the first heavy draught or $500
bale ship that attempted the Southwest Pass was
the ship William Brown that the channels at the
mouth Of the river are worse than in those old
times but the great feature is that the vessels
adays are too large for the channels. Be that il
may, it does not signify that artificial channel o
Is or 20 feet cannot be opened and maintained. OF
COURSE there is the usual talk about the $500 900
and so there is talk about the appropriations expend
ed under Secretary Conrad's administration of th,
War Department. There were $4,000 expended
received By the Towboat Association but stop, tn
talk is, whether it was SIS 900 or sI25 900. VIII
knows? But it is pretty positively known that som
of the Towboat Companies received good slice.
There has been some further talk about the follow
ing astounding paragraph which appeared in ou
right hand cotemporary's edition of yesterday morr
ing; the purport Of which, the vessels names ou
ward bound, with cargoes, we published last weel
We noticed 81 vessels inward and outward bound a
one time, and 40 at another. Yes, neghbor, "here
demonstrations Of the need Of prompt action" an
why did you not call the attention of the public to
before:
REPORT FROM THE SOUTHWEST PAss.-An old mel
chant, who is fully aware Of the terrible condition
the Mississippi passes, furnishes us the followin
memorandum of the vessels now lying within, with
out and on the bar Inside, waiting to get ou
there % ships and one bark the bar are seve
ships bound out ; outside, bound n are Is ship
Here are demonstrations Of the need of prompt az
ton.
Now, then, this bar business, this channel mattel
is oil our thunder. We denounced the system te
years ago; we have taken charge of the tow.bos
monopoles and we trust our neighbor will let the,
alone.
The further talk was Of the mails. 1t is no use I
talk of the ineficiency of the mail service. Th
mails failed on both routes again yesterday. Lat
advices are due from Europe the America of th
29th from Liverpool, is fully due at Halifax, br
dealers in cotton will not wait for later advices if the
can purchase at their own prices. OF this there
no question. There is some talk of the sugar yie
Some one asks us if we are afraid of 1000 hhds
the yield of 1858. No, we not, because it will
like cotton, all wanted. We anticipate, with goc
weather today, an active business in all branches
trade.