New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-03-20
XIII.
Nfp 0rIeaus 4allp Grtstert
TUESDAY MORNING, MARCH 20, 1860.
TALK ON CHANGE,

1
TUESDAY MORNING. MARCH 90, 1860
TALK ON CHANGE.
| The week opened with good weather, and the
flags were tolerable lively yesterday. The gather
ings on rue Carondelet and enVirons were numer-
| ous and some disposition was eyinced TO operate
in the staple, details of which will be found under
the nsual1iead. Our good friends on Carondelet,
however, do not monopoze all the talk. Tchoupi-
toulas and Poydras streets are centralities where
there is much talking and a good deal Of acting
going on. The country cannot get along without
pork and corn consequently these items, with ba-
con, are talked Of more or less. Coed corn is
worth on our levee 759s0c per bushel; it is worth
in South Carolina 81 l00sl 10; it is worth in
| Alabama, at towns convenient to landings, $lGD
81 10; it is worth in Mobile 90@95c. Well our
Western merchants think as highly Of pork, bacon,
flour and corn as the habtues Of Carondelet do Of
cotton Corn is one Of the elements that produces
cotton then cotton keeps the great West in action
to raise corn. Well, so they talk Of corn and pa
con, bacon and corn. The corn Is acknowledged,
and the large quantities which we observe daily
| going to Mobile via the Carroton Railroad, the
many schooner loads which go weekly from the
Upper Basin, and the many thousand sacks which
lead to strong presumptons that corn i in request
4 and that New Orleans is great market for the
article; that the receipts at our levee have been
the present year two millions of bushels, against
eleven hundred thousand bushels same time last
year. While all these confabs are going on the
telegraph wires from the Balize set all the flags,
even the legee and the public, astr and under full
excitement The arrival Of the steamer Miramon,
prize to the United States squadron off Vera
| Cruz was announced. II could not be made out,
from the ambiguity Of the dispatch whether this
was one of the Spanish steamers recently sailed
from Havana for Vera Cruz, or whether it is any
thing more than a gun-boat which had been cut
ting up some ddoes with respected Uncle's
vessels off the castle of San Juan d'Ulloa. We
shall know all about it when Lieut. Minor makes a
report to Collector Hatch and to Secretary Toucey
with the usual official accounts from the command
ing naval officer of the United States squadrons
For the time being there was good deal Of talk
J about the intelligence, the mystery of which will
| be developed this morning
In our monetary column of yesterday we Incl
dentay alluded to sale Of forty bales Of cotton al
) the high figure of l6c., made by Montgomery
White, successors to the old house Of W. J
Montgomery. This cotton was raised in the parisi
of Natchitoches, near Coutieryille, on Red river
, By merely looking at the samples of this cottoI
it would be supposed not to be classed higher thai
Good and Fine, according to the phraseology ant
classification which now forms the standard Of thu
cotton trade in our city. But, take the samples
scrutinize them closely, feel or squeeze them hart
and pull them apart, its fine, white, silky, lonl
fbres are at once perceived. We are not awar
that this cotton has been raised from any othe
seed than that Indigenous from the locality in whic
it was raised. The Red river district that was 8
termed some twenty-five to thirty years ago, ha
been proverbial for long staple and choice cotton
that is years ago, say about 1920 and 1885, the col
ton from the old parishes Of Rapides and Match
toches stood higher and commanded higher price
than any other cotton. In giving orders, the Rhod
Island factories always gave preference for Re
river cotton. OF course this was before the cult
walton Of the staple extended above and beyon
the old parish of Natchitoches. The cotton frol
Red river invariably commanded from one to thre
| cents per pound more than that from any othe
| section of the country. The opening of new land
the extension of cultivation in other sections wit
some choice cotton being produced, came in con
petition with the well-estahlished fame Of the 81
Red river district, and for years this old fogy pa
N of Louisiana may be said to have been lost sgl
oI of-swallewed up in the numerous and many wei
cultivated fields of cotton culture. The forty bait
of cotton which has attracted our notice bring
up the question, If one planter could make by cal
: and attention SO large share Of his crop as
command lGc., when the average market on
ruled at l03c., why could not other plantations
he made to yield in the same proportions Our ow
opinion is that the crop of 1s59-'6o of the Unite
States would, if it had been 100000 bales We
Y handled and clean, have brought just much Il
" prospective l,500,000 will nett. True, the less
quantity would not have been SO productive
steamboat owners and Northern Black Republic;
ship owners, and would have lessened cotton pre-
Ill, receipts and operated against large drayage al
nd other charges where they are made by the bal
The complaints on the flags are free that of Il
large stock Of cotton on sale there is a eompa1
:. lively light proportion of it chasing above Mi
nd ding The cotton which has drawn forth this ia
was raised by Etiennc Rost, and purchased
us. ~ shipment to Russia through broker Briggs.
enquiry is made, why are the shipments of colt
ew to Russia this season so much less than the corr,
ponding period last years There are only q, I
bales entered as exported this year, against 40
bales last year. Well, if the Autocrats spinners
be not want our staple, other spinners will; SO it
very little difference who takes it.
ma Talking about cotton, the question of crop con
= up. An old dealer in the article, who has had t
>. handling of many hundreds of thousands of bales
perhaps he may be termed an old fogy-sends
the following figures as an extreme estimate
l859-'6o We give them without endorsing the
He predicts the outside as follows:
New Orleans to gin. bales, 200 900
Mobile, 10 gin S25u0
Atlantic States and Florida Il $4,000
Memphis, overland 100000
TOTAL. 4'ezo,oO4
Now, then, for the information of factors, 9
particularly the Bulls, We desire to state that
do not endorse the above figures in full
quantity placed to Mobile is too large; the qu
tity placed to New Orleans is doubtful; the gu
tity from Memphis is already covered. But