New Orleans daily crescent., 1859-01-05
Neh 0rleans 4aiIy Grestent.
Talk on 'Change.


1t was active yesterday here and there, and every
where. Unmistakable signs of large and active
business were more than apparent The weather was
all that could be desired The holidays being over in
the country people ockng into the city by every
conveyance, and large business is expected this
month, and, from Indications we believe the expecta
tions will be realized We have all the facilities, re-
sources and means applicable to conduct gigantic
business. There is capital there is industry, there is
skill, and desire to move onward there is nothing
of the harem-scarem order evinced, though there
would be speculation if our moneyed institutions only
gave encouragement.
The talk is, that Carondelet street and envrons,
which includes all cotton row, were well satisfied
with the movements in cotton yesterday Buyers for
the English market still keep aloof. Possibly 1000
5000 bales of fine qualities taken daily for Eng
lish account, but the usual buyers-they who endea
vor to make dollar to two dollars per bale-stil
keep out of the market. And talking Of profits on
buying cotton in this market and shipping to Europe,
reminds us of remark made by the late Benjamin
Story, who purchased and shipped one year in par
ticnar thousand bales of cotton, at average
price of sixteen cents per pound. And how much is
it supposed was realized on those seven thousand
bales, after laying out of the money for months
Why just seven thousand five hundred dolars-on an
investment say of s475OoO. That would be frac-
tion II per cent. profit for the business of the
season; and that particular season was favorable
one, or called such, for shippers and buyers. The
talk s there is not more hazardous business extant
than the dealing in cotton-that is, buying on this
side of the Atlantic and selling on the other. The
writer of these remarks might give many details of
cotton transactions and Investments in cotton that
have passed under his observation within the last
forty years. which have resulted altogether to the ad
vantage and profit of the cotton planter and which
the position of the great cotton trade of the world at
this day confirms. There are not six buyers of cot
ton who followed the business thirty years ago in
this market now in existence merchants Of wealth.
standing, or enlarged credit, while we point out
hundreds on hundreds of planters and growers bask
ing in the sunshine Of prosperity and afuence. This,
of course brings up the question that cotton is king;
and king will continue, so far applies to the cul-
| tiyation thereof. Schemes and talk of the English
| Cotton Supply Association cannot prevent it. We
are, however, DEPRESSING, and now to return to the
confab and talk on Carondelet street and enyirons.
Cotton row is unusually lively these fine days. Fac
tors are in the best of humor, and well they might
be- for, with an abundant crop of the staple, they
will receive good prices. which of course increases
the favorite side of profit and loss account. Finally
the talk wound up yesterday that every and all things
pertaining to the mighty cotton trade is moving
ayorably for the planting and factors interests and
be or they who may be dissatisfied may as well pacE
up and depart for the empire of the Great Mogul.
The mails continue at skies and sevens, or alto
gether in confusion. Two routes and no mails by
either for three days past Nothing from Charleston
Savannah siace Saturday last and cotton operator
are at loss to make up their figures. We believ
our contemporary Of the Price Current will this morn
ing show an increase in receipts at all the ports
nearly 100000 bales with nothing later since Satul
day last than the Mobile returns. Who is afraid Q
3,7500O0 bales, is the question propounded to us.
MINING AccDENTs.-The Wkesbarre (Pa) Rec
ord of the Times states, that on Monday, 18th ult
, piece of rock fell in the Dundee Shaft, Hanoye
township, Luzerne county, killing workman il
stantly. On Tuesday, l4th, man was badly ipjure
by the premature explosion of blast, near Butter
wood Bridge, and on Wednesday, 18th, while thre
workmen were being hoisted out of the Consolidate