New Orleans daily crescent., 1860-11-20
ernnina fnnt I'M as fnllaw.


The most important arrival announced this morn
ing is that of the steamer Era, from Jefferson,
Texas, which is certain indication that the water
in Red river and the lakes has risen which will go
far towards Strengthening the future of the
money market. 5...z..
The telegraph brought advices, which we laid be-
fore our readers yesterday, of the arrival Of the
Canada off Sandy Hook, but we expect it should
be Cape Race instead Of Sandy Hook. Her advices
are up to the 9th, giving the information that cot
ton was quiet and afterwards that it had fallen d
to Id. This decline following close the favor
able accounts by the Canada rather staggered
operators yesterday, or those who have been
operating This decline, however, is not specially
detailed, whether as following the private quota
tions of I'D. and 7ad. per Canada, from the re-
port Of the Board Of Brokers Of the I'd inst.
The European mails by the Canada's private cor
respondence came through yesterday. We receiv-
ed the following special account Of the doings in
Lancashire:
Per tanedal LIVERPOOL. Nov. g. 1850.
Dear Sa-Yesterday evening was an e era IN, IA tue
cotton trade. Last Monday morning, the 29th Of
October, the telegraph and mails by the Canada,
per Boston, came to hand, and though killing
frost was not believed in the sales Of cotton were
very large, and prices advanced ID. to id. Tues
day's sdenand quite active with further advances
of an Ia. Tuesday being Manchester's market
day. there was some desire to hear from spinners
they ignored the frost and frightened the timid,
vet the continued demand SO strong that rates
| again hardened yesterday at P. NJ, when the
| Yanderbit's mails came to hand, confirming the
| frost, except to the unbelieying few. Then COM
menced hurrying TO and fro Of all Liverpool cot
| tondorl. Samplers were flying in every direction
| long after dark, and many thousand bales of cot
ton bought by gas light. To-day, though half a
| holiday, the fun drives on fast and furious. Rule,
| King Cotton. Yours, truly, -
/ Co. @ d n
They must have a tolerabie lively time on the
! Liverpool flags. Buying cotton by gas-lght re-
minds US of the many agents of banks and specu
lators rushing through Mississippi in 1897 and 1885
sampling and buying cotton by candle-lght Some
| of the young aspirants for commercial fame, the
| aedglings, stepping ashore from boat while
making the usual half.hour landing, running up to
warehouses, exclaiming " Have you any good cot
I ton?n "Oh yesi "Where is it2'' "There,'
(piled up in the mud.) "What do you hold it at ??
Eighteen cents" "well will take the whole
Ship it to such an agent, New orleans here is tn,
money! handing out apie of Brandon Bank notes
United States Bank, port issues or other pretty en-
cravings representing dollars. We do not expee
that the scenes Of 1887 will be enacted over again
but it is pretty evident that there was prodgiou
excitement in Liverpool on the receipt of the ros
adViceS from InlS Slues IL tLe auVlCe
are to be relied on a reaction had already take
place. 1t is, however, useless and unnecessary t.
talk of cotton just at this moment in our market
When exchange assumes something like stabilit
and free negotiations, we shall have large and ex
citing transactions to talk about. ..
II There was some talk of the ire-demon, whic
appears to be earring full sway in the Fourth Dis
trct No water, of course, is the usual remark
Fifty tenements, destroyed on Sunday night, on
ship and cargo of cotton, to be paid for by under
writer's another ship discovered on fire after leay
ing port. There appears to be no safety from tn
ravages of the fire king. The Water Works Asso
citation is just where it was twelve months age
Possibly when a dozen of the blocks of fine build
{ ings are destroyed, there may be some movemer
in regard TO obtaining supply of water. If til
people will not move in the matter, take no ntere
in the undertaking, they can make up their mint
to- pay at least twenty-five to fifty per cent. for il
: | surance.
Talking about insurance, brings up the questic
that there was election to take place last eve
ing, to fill the office of Secretary of the Cresce
0 Mutual Insurance Company. It has been brute
about that the mantle would fall on on a reside
n | of the country. 5..5z.m.g=