New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-04-06
Neu Orleans 4ailp Grsstert.
FRIDAY MORNING, APRIL 6, 1850.
TALK ON ,oHANeE,


TALK ON CHANGE.
-
The weather was favorable for large gatherings
yesterday. On Carondelet street they were numer.
Gus, and as the day advanced there was an immen-
sity Of talk arising from one Of those episodes in
commerce which have occurred almost every year
for the last forty years one of those investments
in produce which have entailed losses Of more Oh
less magnitude. The general cotton market was
somewhat paralyzed for few hours, and the sales
were consequently restricted from new regulations
being introduced and insisted on, perhaps for the
nonce only.
The full details of the days sales will be found
detailed in the usual column.
OF course, under the existing gala time, the
great Metairie plains (no flags out there) had the
call, and towards o'clock the hegra, which has
been kept up for six days past, was in full force
The operations at the Metairie Bank are strictly
within the statute in fact they are in advance
for every deposit has to be represented with coin
no one-third rule Is recognized.
There is an evident falling off in the genera
business on the leyee and landings. The receipts
of cotton, expected, are falling off, but with nc
more rapidity than expected.
We alluded in our last talk to fictitious dispatches
being transmitted from New York to Liverpool re
garding our great staple. The more we reflect OF
these dispatches, the stronger do we condemn the
presumptive motives which influenced them.
The NewYork oracle, Col. Wrong, in his circular
Of the 9th March, says:
The the South drawing close and viii
Of Tie CROP feishts have declined slightly he Ga ports
creased BY he qqanty # low trashy dusty ND andy Y cotton
together send . market they Will 6nd long his h
X Ss y Nes ssS g0a an ass sfsn
cotton than will be got from the larger amount and good price
Ss ss 9 aa @ been s ow ass @ nsx a
hang Ian s AVA d Weight Oh Liverpool sausne The stock
waking cotten 1s and viii surely exercise @ an important
influence on the next crop
The Colonel, we regret to observe, repudiate
figures and estimates altogether. He is sorel,
troubled about sandy and low grades of cotton
but possibly the irmness and steadness Of th'
New Orleans and Mobile factors excite him tht
most Some habitu6s, on frequenters of our flags
are desirous of ascertaining through the Colone
about the private correspondence, sent in Januar.
last to Liverpool, indicating and estimating th
yield at less than 10000 900 bales when printed cir
culars were forwarded to different cotton marts 0
1000 900 to 4,100,0 900 and 100000. The presump
ton is that the Colonel has now passed the Rubi
con, and will ere long freely dilate on four and
half millions yea, four and half, and possibl.
some folks may talk of visiting Liverpool and buy
ing some thousands of bales of cheap cotton. N0M
| ue,7'oHs; and as the season is now so far ad
| yanced unless the Colonel introduces some ney
novelty in the cotton line, we shall dispense wit
further talking on his weekly manifestoes.
Tho rncnjnts 1,ronar IF tho rtanle ar this nnr
(New Orleans) up to last evening, foot up 20l5,6s
| bales.
| There is good many ragged bales of cotton i
the presses and warehouses, which will be attende
with more or less expense put in shipping order
| There was some talk that ten or twelve ship
masters and vessels positively refused to take col
| ton on freight with iron-bound cotton ties. Wei
some shippers say, who the deuce cares; there ar
more than twelve ships and one ship agent engag
| ed in transporting cotton. Col Fassman says h
| is doing very well with his ties Conn., Green say
he can beat all the rope in creation with his patent
Mr.. Butler asserts that his patent is doing yer
well. The proprietors of cotton presses say the
| have as much as they can do; their sheds an
warehouses have been crowded, are now crowded
and expected to be crowded again next season
So some old fogies who believe in iron, ask, wha
| is all this racket about? Some few ships refusin
| ron-bound bales or packages, when for thirt
| years ships have been bringing from England ror
bound or iron-hoop bales of flannels, kerseys, an
| other dry goods. What is the difference betwee
one hundred bales iron hoop dry goods and on
| hundred bales of iron hoop cotton? True, cotto
| hooks cannot be used on bales of dry goods, no
can dry goods be piled up on wharyes, subject t
the inclemencies; so shippers of cotton can re
spect the notice: No iron bound cotton taken i
this ship" or they may not. The next novelt
will be No tobacco taken with iron hoobs, @
| hickory hoops, perhaps!n
| The European mails by the Arabia came throug
yesterday. The private correspondence reads Sc
so. Money was in active demand in London. The
were somewhat disappointed in financial circles j
and around the Bank of England that there wa
such light shipments to the great metropolis
After the cotton crop is shipped, it will be suff
cent time for Mr.. Bull to talk Of paying balance.
IT is very doubtful if he gets much gold from th
side for months to come, compared to last seaso1
There is talk that the California mines are gyin
out. This is probable from the very light shiI
ments to the Atlantic ports for two months past.
The mails came through yesterday morning an
| evening.