New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-05-01
Nsh 0rleans 4aiIp Crescent.
TUESDAY MORNING, MAY /. 1860.
TALK ON CHANGE.

European adyices up to the 18th of April were be-
fore the public on Saturday before meridian, and
the influence was perceptible yesterday. Ihere
were several dispatches received on Saturday,
which were anything but encouraging There was
talk of bills being noted for nonacceptance there
was talk of faiures there was talk OF other mat-
ters; there was talk Of the Convention at Charles
ton; there was also talk that the weather was
favorable for the growing crops. ln TACT, one OIL
our old citizens has just returned from the AttaKa
pas district, and he says that the sugar cane ana
prospects in general never were more promising
for the month of April. We hope they may con-
tinue SO. There is question but what the Sec
ton of country bordering on the Bayou Teche IS
one Of the richest and most favored in our Union.
This will be confirmed SO soon as the iron horse
over the Opelousas Railroad moves.
On the flags Of Tchoupitoulas, Poydras and New
Levee it was quiet to-day. 1t might be supposed
that business had already declined to the summer
standard. On the great ievee and landings livel-
ness and animation were ignored. The gimlet
rangers seem inclined to go at once into summer
quarters Barring few hundred hogsheads Of
sugar and few barrels of molasses, there is very
little doing at the grand depot; and old soi poured
down his rays pretty strong yesterday from 10 A.
.
ward over the opelousas Railroad for the Western
district and for Texas.
There was very little talk on the flags about cot
ton yesterday. A good deal Of mystery hangs over
| the last advices from England; though the chief
purport is understood by the knowing ones the in
formation received is kept private. In few days,
perhaps two three four, the mystery will be dis
PEELED, and the large failure in Liverpool, and
the large losses on cotton all be in possession Of
| those desrous of knowing.
In the meantime, we give the following letter, ad-
dressed to US, as received by the last European
mails: ,0.o
| We note the wonderful correctness OF your estl
mate Of last September as to the crop Of cotton lt
| now seems certain that we shall have crop OF
$500 900 bales, and that is row almost universally
believed here. presume full 1000, 900 OF bales OF
| it will be received at New Orleans. How triumph
antly this shows the growing grandeur OF the Cres
| cent City.
| The consumption of cotton in this country con.
tinues on the same large scale, and the profits Of
| spnners and ufacturers-unparalleied since
ls25-ncrease from the decline in cotton, and fuii,
if not fuller rates. for yarns and goods Inc talk,
i or apprehension of war with France, has very
depressing influence on cotton in this market, not
withstanding the large increase OF mills lately put
in operation as well the great number IN course
4 of construction.
1t is believed that the power of spinning and
manufacturing will be so extended by next season
that crop Of five millions will be required ~ the
United States to supply the consumption.
Should the apprehension of war be dispelied, and
political affairs become settled, we will no doubt
have an easier money market and reduction Of rate
Il Of England by the Bank of England. Then we may
expect to see the price of cotton advance to cor
respond with the cost in the United States for at
present the shipments are losing 70 to 30s bale.
The manufacturers and spinners Of Lancashire are
making more profit per bale on cotton than the
i prowers planters in the United States.
Our correspondent writes very enthusiastically
on the future of cotton. Other views besides oul
own coincide with the remark that a crop of five
millions Of bales will be absorbed in two years
under the very extraordinary increase of mills and
extension of manufacturing. It is manifest that
great deal Of cotton has, in the way of consignment
and purchase, gone into very weak and untried
hands in Liverpool Or the sales would not be turn
ing out at the rate Of s. to 81 50 per bale. We be
gin to think that the talk last winter of orders fol
cotton being sent out for account of bookkeepers
clerks and others of little or no responsibility, il
now proving to be something real that cotton has
been purchased here under the bill of lading ant
document system, for parties Of no responsibilit,
a and standing. In fact, they were placed as th
post, the post rotting or decayng too fast tumble
down, the effects of which we hope will not be 81
injurious nor alarming croakers and alarmist
would make the public believe. At the same time
there are parties who have shipped to some exten
who will not be Inconvenience by the change am
decline in the Liverpool market.
We regret to hear it talked of that the exerton
Is made for the establishing of direct line of steam
ers between this port and Liverpool are not likel
to be crowned with success Only eighty thousan
dollars have been subscribed towards the half Q
. million required. This sum has been taken by ou
.. chief importers others who ought to take
lie lively interest-cotton factors, brokers and cap
q talists in general-having taken very trling. TIL
!, line will fall through, and New York will maintai
,e its supremacy We shall have some further tai
4. on this subject
OF course, it is hardly possible to visit the flag
of Carondelet street, without having few remark
about the receipts Of cotton. We have nothn
further to add to our tables, except the Texas r.
ceipts, which we received from Galveston. The
ve count up large, say
ch Receipts year 9Th April Galveston and other
, Rsesnts apfas same of fine last St year 1gss
Increase 65l
nd Texas is coming out well, particularly if the co
,s ton is clean and free of all impurities
~
one day in the Irish House of Commons and sal
with graver air than usual, g Mr.. Speaker, Il
prohgacy of the times is such that little childrt
r who can neither walk nor talk may be seen ru
ming about the streets eursing their Maker
- ------s -
ef' An exchange paper, announcing the death Of
gentleman out West, says that the decease
-, though bank director, it is generally beliey
''n died Christian and universally respected
hu
A miserable old bachelor friend of ours thin
old
persons nowadays, as he has recently seen sever
'to fullgrown men chasing hoops t1ouglt Tie Stree
sin Arrivals at the Principal Hotels 1estertia
am -----~------
ST. CHARLES H0TELI-B !. Davis, n Y, s Welton RI
- | Christian, W w Wungerford, j g Coleman Ala; p B
~ Cuehan. Miss; W A Dumesend, City, o CagoO. Mrs
ridge; Wright. La 4 j Wayne, a Bfaty, Tooe G
- Durant Texas Miss Hereby C w Grellman, G w Oh
ON fell Thomas and daughter d Terry, lady children
servant Miss Terry, David Terry, Cnl; Mrs David Lemy
two chiien Mrs Tucker: Mrs Bingham, Texas; G Godwoi
Ala; j c Rnilitt Phil Sharp; MeIIale, " Hall.
BranIen Texas: Tom}kins, O; j L Grant, Ga; w NJ
and SON. Gryand; Smythe. 7 NJ Patrick j w Holman,
l., Button, Miss d Files Ala; " Sherwood, Md c NJ Mas