New Orleans daily crescent., 1860-05-12
TALK ON CHANGE.

1t was very quiet on the flags of rue Carondelet
and environs yesterday though there were fair
sales of the staple, it was quiet, very quiet. AT
o'clock the streets appeared deserted; possibly
this may be preliminary to the general closing of
business from the last Of next month at the hour Of
2P.M. Our factors have worked hard enough for
the last eight MONTHS and have well sustained the
great staple. As we are rather modest than other
wise it is not out of place for US to suggest that
delegation of factors take an excursion to Liver
pool, and instruct the Lancashire folks how to
manage great crop of cotton. If such delegation
would just step over to England, we should have
no fears of the shipments thither, and the mil
lion Of bales stock now on hand in Liverpool It
is the bill of lading or document system which
seriously operates against the cotton trade yet the
system cannot be avoided. In old times factors
would take the bills Of buyers of cotton direct and
negotiate them that is, cotton was sold for bills
of exchange drawn on the principals, and factors
assumed all risks of negotiation. We, however,
have space to talk Of the changes in the manner
of conducting business in our city But cotton is
cash article on our flags; the bill is presented in
the one hand and the other awaits the check.
The private correspondence by the Canada came
through yesterday by the way of Mobile. We are
not aware that it any less interesting by being
detained two days But there was some very
amusing remarks made on the flags; that cotton
had been sold, something called cotton, in
Liverpool at Ell % tun, something equivalent to
about l8d. U b. This is undoubtedly so, which
will conform to some sales of cotton made in Mem
phis some weeks ago, at from three to six and ten
dollars U bale. Soft appears there is precedent
for selling the staple or what may be called sta
pie, by the bale.
The private correspondence in general reads fa-
vorable. The remarks we made few days since
that cotton in price had touched bottom are CON
firmed by the circulars which we publish this
morning in our monetary columns.
In our talk yesterday the types drew on futurity.
In talking of the seed planted last spring. it reads
ten million bales; it should be five million. How
ever the types have only anticipated the quantity
by about six years, if the yield increases at the
rate of 100000 bales per annum, it has for the
last two years, it will not require many years for
the United States to produce 100000 of bales.
All that will be required to attain this quantity will
be $4,000 or 100000, or more, of the sons and
daughters of benighted Afriea-those noble Ro.
| mans, as one OF the Georgia delegates remarked
the other day in the Charleston Convention.
| The summer standard of business was observa
ble.yesterday on the flags of Tchoupitoulas, Poy
dras and New Levee streets. On the great leyee il
was quiet A boat from the great West came in
or there might have been two or more. There was
very little activity perceiyable there. The genera
| freight market was under depression. Although
there were symptoms of an advance in rates fol
1 cotton to Europe, yet the advance would barely
pay the potage bill. The present rates of freigh
will pay for taking in cargo and putting it out a
the destined port; and, if ship is fortunate in Sc
curing good homeward freight, something per
haps over a new dollar for an old one may b,
found to the credit Of a ship on her owners book
at the close of the season.
The season Of the year having arrived for weekl,
excursions, and the weather becoming rather warm
many citizens will be cogitating this evening
which way to rotor the next SO hours First, ther,
are the great Jackson Railroad facities-the train