New Orleans daily crescent., 1860-07-12

cessity Of the merchant. This year, in oense-
quence OF the large crop, the brokers have had
thousands of opportunities of indulging IN this
freak of chasing cotton to suit the market not the
quality. Thus good many shippers found that
the Good Middling quality of November ana De-
eeniher was only classed as Middlng in April, and
the Middiing Of the former period was then cassed
only Low Middling. Worse than that; It was
found that several shipments classed out bale by
bale and divided equally between Two importers in
Liverpool, shipped in the same week and valued IN
Liverpool in the same week, were classed ana
valued by different brokers, not at the same price,
but with difference of 4@}d., and in some IN
stances Id. d lb. Several of these eStraordlnary
discrepancies were shown in Brokers' offices here
| About the end Of April sales of Good Ordinary
Cotton made by merchants who understood their
business, were returned at 5s to 6d., while IN the
same week Low Middlingf was sold by others at
| 5d!i!
| Great Indignation was naturally felt by some of
our leading merchants at these extraordinary IL
regnlarites, and Liverpool Brokers cassitieatons
| became a hy-word--their socailed standard de-
luson. Some of our merchants who know more
about cotton than four rfths of the concentrated
wisdom of the Brokers who gossip around Nelson's
| Monument on the Liverpool flags, expressed them
| selves very strongly to their correspondents re-
| garding these irregularities of the Brokers.
| Several weeks elapsed, but no reply was Youeh-
safed until at last an old and reputable broker
| Mr. Samuel Ksarsley-takes up the gauntlet, and
| on the 18th June attempts reply. He says:
"Writers in America complain of elassings in
| Liverpool. The difference has been very sad and
serious as far as New Orleans is concerned. There
the buyers have too frequently the sand, or have
hoped that its presence did not lower the chasing
| but here. the buyers not being in the dilemma,
(what dilemma y their judgment was free and de-
cided. As to the Bowed crop, it has been faith
fully marshalled and proves the best ever sent to
| the market"
This is certainly rich. Mr. Samuel Kearsley
must not throw dust into eyes and expect that
his fraternity are to escape by such lame defense
Iajp yhy-t thp
ded between two parties, is cassed and sold in the
same week at Gold. difference. He does not show
why a shipment of 575 bales was classed and
valued at 3D. under what the merchant in Liver
pool (who knew the qualities better than his
Broker) put upon each mark, and got his price,
too, in the same week. These things too noto-
rous here for Mr.. Kearsley to get over, and al
though we have had too much sandy and dusty
cotton, yet we know that Brokers have discovered
dusty cotton in Liverpool only by beating the sam
ples in the rays of the sun.
As regards the Bowed. or Upland crop, being
"marshalled faithfully have only faint idea of
what this military or rife-brigade allusion means.
If Mr. Kearsley pretends by it that the shipments
from Savannah and Charleston have been of better
quality and lose less money than those from New
Orleans, can only say that this is delusion which
the shippers from these ports would be glad to
find reality. 1t is known to every one in the
trade that the quotations of Middling Uplands in
Charleston and Savannah have been, until very
lately, as high as those of New Orleans, and yet
our Middlng has been all the season ID. and is
now id. higher in the Liverpool market. Fair Or
leans, by 5Ir kearsley circular is id. higher
than ..Fair Boweds."
Mr.. Kearsley has made a lame defense for the
irregularities of the fraternity, and it would be
much better and more profitable to tell some Of
them who ride into town kidgoved in the morn
ing In their cabriolets from Digblrth. West Derby,
etc., that they would be well employed if they
went to the warehouses and saw their porters
drawing the samples of cotton for sale. They
would sometimes find only ten bales cut to repre-
sent one hundred.