New Orleans daily crescent., 1860-11-21
TALK ON CHANGE.

TALK ON CHANCE.
The flags were well thronged yesterday from the
opening of business TO r. NJ. The chief talk vas,
g How is exchanged WHAT'S the news from New
York? and what is doing in cotton!" with some
thing now and then of the freight market what IS
the crop going to be ?n But Of the habiues Of
the flags had good laugh at the remarks made
and repeated by some new appearer on the iags,
Just arrived from New York, who asserted that all
the banks from Maine to Louisiana would suspend
coin payments. Such remarks as these could not
be listened TO- 90 far as the banks Of Louisiana are
concerned. Then was brought up tile suspension
Of some little shnpiaster shop, located some few
miles from New York, which was SO aamingly an
nouDced by telegraph yesterday. We do not want
to hear any more talk in regard to the banks OF
New Orleans; they are not going TO suspend, even
if all the other banks in GhEistendom halt. We do
not want any more talk about bank suspensions.
The movements in cotton yesterday were larger
than on any day since Wednesday last; they were
probably 10, 900 bales, and possibly may have been
more on the general footing up. As regards cot
ton, there were sales yesterday at fully lc per ID
below the rates ruling at the close OF last week. LII
cannot be disguised but what Manchester spnnera |
are somewhat alarmed with the prospects of full
and steady supply for the future. At this epoch in
the political condition Of country, which affects
go seriously the financial and commercial interests,
and in which it is SO much blended, it is well for
the cotton growing interest to understand the in
fuence it commands, irrespective of New Eng |
land, Pennsylvania and New York manufacturers.
The Lancashire spinners will be alarmed with
the secession movements hut that is neither here
nor there, secession and King Cotton will move
together but not for the benefit of very good
friends in New England, who have so assiduously
aided in the election Of sectional candidate for
the Presidency
The following extract from communication
written by Liverpool cotton broker for the Daily
Post Boston, is not out Of place at this time We
received it by the Canada, dated Liverpool,
November d
AS regards the present position and future pro-
specs there is but little cheering for sPinners and
manufacturers Our stock of cotton here to-day,
and at the time last year. with the prices for
| Middling Orleans, are as follows:
y: y: a; i:'; i; i#|.::$ tI:$ |
Increase Of stocks this year ,,,s., M*
IL will thus be seen that notwithstanding this last
enormous crop OF 4,G75,d00 bales, which was ex-
| pected BY many to leave US with large surplus
stock at present. has only been sufficient 70 meet
\ The large increasing u
nv, and that of France and the Continent 50
great especially in the latter, has the consumption
| of cotton been stimulated by the very reInunera-
tive trade which spnners and manufacturers OF
4 cotton goods have enjoyed the past three years,
and which increase has yet to be more materially
felt the next six months, as the major part Of the
4 new mills built have to come into play in that
period the increase in the consumption SO far
| arising mainly from enlargement in old mills.
| With a stock, therefore, at present so little in
excess of that at the time last year, the pre-
sent advices OF e killing frost y having occurred
in the cotton growing regions Of America from the
18th to the 18th OF October become matter OF
4 most serious consideration This is the only frost
that has occurred early the last fifteen years.
The talk is that it is splendid time for speoula-
tors and dealers, and ALL to enter the market;
but unfortunately they are blocked i'll raising the
means to cover purchases. very serious draw
back is l4 F9ct. between the real par of sterling
exchange and the selling rates in our market yes
terday, say 95. But truce to cotton There were
the movements on Tehoupitoulas, Poydras and New
Levee streets talked of. The receipts Of WesterI
produce are large, and will be large; though tht
foreign export demand is checked by the disturb
ance in the exchange market, the demand for the
adjoining States Alabama, Florida, Georgia ant
Texas serves to keep up large movements. The
great West has to forward large supplies to cover
the purchases and wants of sugar, monsses, coffee
and little salt to be thrown in.
it was very lively on the levee yesterday. A
q the grand sugar depot there were good supplies
u tile sacclarine, and fair number of customers o
; buyers were in attendance: but the market ap
! peared TO be under the influence of the genera
. depression which now exists. The estimates 0
: the crops exceeding $50 900 to 100000 hhds., ar
: not so freely expressed as last month. A most re
: spectacle planter and firstclass factor, who wa
figuring away last month on $50, 600 to 275 900, wa
talking yesterday of 100000 hhds. as the maximpl
J YIELD But whether the crop now coming to maj
ket is under heavy ncunbranees, and forced sale
I are to follow, are not talked Of In the meantime
we repeat the same expressions in regard to sugt
that we have of cotton that is, for factors and IL
, gmlet rangers to keep cool, calm and quiet.
There was not much doing yesterday in Il
:, freight market. Ship masters and agents WEI
firm. Shin owners at the North have natructe
Y their Captains to wait, and not take less than s
=, for Liverpool. The grain freights from New Yol
~ are paving better than from here, say I'D to 14d
= with good demand for vessels for lumber busnes
y However, we do not desire to encourage any mo
s Black Republican vessels to come hither. Son
of our ship brokers and agents refuse to have an
3 thing to do with vessel where the owners a
= known to be of this class. Many shippers pref
= to encourage foreign tonnage; it is known no
y they stand. Yet there are some shippers who
~ not care a straw what they ship in particularly
" thew can get concession of Lied. or 32d. The
y are some fine British and Bremen vessels now
e. port awaiting business and more would come
10 they were certain of realizing 3D., to I'D. for cot
e' t9 Liverpool 1t ought to be taken into consider
a tion that foreign ship owners do not trouble the
Sc selves about institutions, as many OF our We
good New England and New York ship owners q