New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-10-27
TALK ON CHANGE.

ahotner ilne day was yesterday, which brought
out on the flags every desirous of having talk
Yet it was manifest there were several folks who
preferred the shady side of Carondelet street after
meridian. The arrival of the Persia at New York
was fully announced between eleven and twelve
o'clock: yet, these dispatches being at hand long
before eleven o'clock, no disposition was evinced
to them The advices regarding cotton are favor
able, and we hope they may continue to be favor
able, to bring out the two hundred and fifty thou
sand bales OF cotton now en- route for Europe The
quotations by the Persia, say Lied, approximates
more toward the relative value of cotton in our
market than We have noticed for some time. AS
suming eleven cents to be now the price of decent
middings in our market, freight 9l6tlls, and ey-
change as current, or average at nine yet. (9) We
require I'D i'll warehouse at Liverpool to cover.
However, by some kink and maneuyering in re-
gard to classification, shippers have peg to move
on. The Persias advces report sales for the week
ending on the l4th instant to the extent of sixty
thousand bales, the greater part of which was to
the trade or spinners, only three thousand bales
being taken by spectators, which denotes sound
and healthy state of trade. The advices from
Havre are also very favorable; but they leave no
margin for profit on the present existing rates in
market.
In another column will be found a communica
ton taken from late Liverpool paper, regarding
the manner, and commenting Oh the course, of
cotton buyers and the cotton trade i'll our CITY,
New Orleans appears to be singled out as the
target for the shots of Mr.. York., just as though
New Orleans was the only place where cotton was
sold. The coolest effrontery have witnessed
for long time, is that the factors of New Orleans
with their patrons, should be taught submission
and forced or whipped to meet the views and die
tation of the Liverpool junta of SPECTATORS We
have seldom met with so much effrontery and bold
ness as is contained in the paragraph interlined
under our monetary head. The day is passed for
some few disappointed harpes or jockeys in cotton,
located on the flags of Liverpool, to dictate and
control the greatest cotton market in the universe
excepting, perhaps, that of the tocn of Liverpool.
If spinners or others have been duped by trusting
their orders to irresponsible and fast agents, our
old permanent and established merchants should
not be charged with the msdemeanor, ignorance,
nor creditless position of the many hundreds who
annually come to our city, representing themselves
as the agents of parties of worth wealth and credit
There is a broad difference in our view and talk
about what constitutes merchant; when we talk
OF merchant, we mean something more than a
shadow, or come to-day and go tomorrow, cos
mopolite, who may accidentally have few letters
of credit in his pocket for still lesser sums from
responsible principals, predicated of course on
contingencies. If dealers in cotton in Europe de-
sire their orders for the staple to be faithfully
carried out, they should send their instructions to
located and resident merchants. We have
them in our midst from Germany Holland, France,
Spain, and, of course, England who will honorably
carry out instructions; and when we say mer-
chants We mean and alude to those of the "old
fogy stamp and not the "taSt men, who come
under the perhaps well merited reproof of the cor
respondent of the Liverpool Post.
Under the usual head will be found the reports
of arrivals, which are numerous for the low stage
of the Mississippi and tributaries. The arrivals of
vessels are few, but freights are well maintained,
and present rates will be realized for some time to
come. We notice that the ship Eliza Mallory was
cleared yesterday for San Bias, on the west coast
of Mexico, with 1923 pockets of cotton: that is,
246l bales, at freight, it is presumed of q cents
u Ii. 1t Is long time since the last vessel load of
cotton was dispatched from this port for the Pa
cific ocean, There fifty-seven shps in port at
this time loading for Europe, of which forty are
for Liverpool. We learn that freighs in New
York for Liverpool advanced last week: 7-32d,
was paid for cotton to Liverpool.
The mails came I" through" yesterday as late as
due from New York; and, with the favorable adj
vices by the Persia the talk is that the balance of
this week will be attended with considerable ami
nation in business.