New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-05-31
TALK ON CHANGE.

+ f~
| There was not much talk yesterday. The Ara
| bias aayices were commented on, and most every
one came to the conclusion that they were, hnan-
ciaily, commercially, and payticulasy politically,
| unfavorahle. II they are to be taken as so very
| depressing. they come at a period OF time when
they will have very little influence. Stocks Of pro-
duce are low, particularly that of the great staple,
which, with the great receipts proper now footing
up at this port loo l0 bales is only 26, 9os bales
IN excess of last year and 81 ss5 bales less than IN
May, 1855, at this time. But 1t i hardly necessary
| to talk about this just at this mement We have
more enlarged views to dlate on, the greatest and
most important is that cotton factors have sold
1 and realized payment for the enormous quantity OF
1904 900 bales Of cotton since September \, lsas
i up to the slst May this day. without mourning any
responsibilities by endorsements in the way OF i
cilitating exchange the proceeds q when were g
pay for the cotton. True, in some instances tnefe
4 have been apparent breaches OF commence, Hnicn
Il have caused some eonmotion and an immensely of
talk but sueh occurrences and casualties are part
az he yicissitudes of commerce, and of more
less rood and benefit in the course Of such gigantic
I commercial operations as have attended the trade
and commerce Of our city the past season. Would
Il nj be very interesting table for the historian
WAeH TGcUTuftiS A3ip ~ vHSt -
cotton alone, to have to record that the losses in
the course of the selling Of this immense amount Of
4 produce will not actually reach Of Got. I Is
| this not happy commentary on the manner and
mode Of conducting business in our favored city
The full details of the private correspondence
| from Europe brought by the Persia were received
4 yesterday. There are many doubts expressed
about the peaceful condition of Europe If the po-
~ -.
tend to take passage at arms is, actually go
| in for fght-it IS hoped they will not delay the
time but go at it forthwith, so the world-that is,
| we of the great South who rule the King of Com
merce--can prepare for the next commercial sea-
son, Now and then there are many little sentences
ii the private correspondence from the other side
1 which possess more or less Importance. Here is
| what an intelligent 0rieanois, a merchant Of our
| city, writes from Liverpool by the Persia:
You can see Middling Orleans cotton in one
1 brokers' office offered at SD without finding a
| buyer, and the same kind and grade Of cotton is
bought at another brokers at TOT This great r..
regularity persades the whole market. Those that
l want to sell, and there are many, have to take low
1 prices. There is firm conviction 10 Liverpool
4 that the growing crop is bound to be short one,
and this keeps up the Liverpool market more than
A anything else.
It is premature to be moving in regard to the
growing crop. If we were to repeat the talk we
had a few days since with q two thousand bale
planter, and who holds and sells his cotton at his
\ convenience, it would create prodigious sensa-
ton in some circles. Therefore, let the crop of
1859 be disposed Of before we talk Of that Of the
l present year, 1860. Il
/ 1t IS sometime since We have had any talk with
| 81 about our whilom oracle, Col. Wrong, Of New
York Hislast epistle, being of the I'D inst, came
So ,1,,+
| grieved that the Colonel has given up figures as
well as poetry, and indites only prose about the
l. crop and prospects. Under date of the ed inst,
the Colonel writes for the Liverpool flags as fol-
lows:
not promising for the prospects Of the young crop.
4 In some places as late as the 18th May the seed
had not terminated, owing to cold and dry weather.
@ other places where she plant y out Of the
may hear Of better weather in the extreme South
ern cotton region. Taken as whole, the season
is late, and at the latest accounts the prospects
are by no means favorable.
Taken as q whole a the Colonel says, & the
season is late.' The Colonel is not aware Of the
great powers and strength Of the virgin lands Of
many sections of the South, where cotton-seed has
been placed in the ground in the month Of June
and cotton bolls opened and picked early in Oct6-
i Der. The Colonel IS, however, well posted up in
regard to transit cotton. Here is what he says in
regard to last week i transactions:
TRANSIT GoTTos.-Scme few sales have been
made during the past week, at irregular prices.
The business il too limited 70 base any idea OF mar
ket value. We can but remark that decent style
of Strict Midding Orleans, freight at Id. U H.,
would bring l2c. The lower grades vary accord
ing to cleanliness when sold, from 10c. for Or
i binary to Low Middling. The sales for the week
amount 70 1900 bales. Ordinary UgIands. s@sa ;