New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-07-21
TALK ON CHANGE.


The street, or the few habitnes thereof, We're
somewhat taken by surprise ON learning that six
days later intelligence from Europe had been re-
ceived on Thursday night, brsught by the steamer
Connaught, of the Galway line, which arrived at
st. Johns. The flaming heading of the dispatches
cotton frm-led to hopes and expressions of
qualification that the cotton market had reached
its eliminating point or lowest depression; but nota
word was said about prices, was figure regard
ing them received. The sales were duly reported
at 10000 and Is 900 bales per day. The market
during the early part Of one day was dull, but to-
wards the last it gained strength and closed active.
But what are the dealers in cotton, buyers and
sellers, to understand by such mass of balderdash
as reported by the Connaught? The accounts are
halfweekly to be sure, and very weakly in other
respects: in fact, they confirm our phraseoogy of
militia to the fullest extent. Reading, however,
the advices, those interested in cotton were con-
graduating themselves that favorable change
was in course of progress but these cheerful feel
ings were of a brief duration. Towards meridian
the Africa was announced as having arrived at
New York, with dates up to the sth, including the
full weeks transactions, quoting Middling Orleans
at 5sd Now, this seemed to be equivalent to an
order to !" right about face y from the dispatches
published yesterday morning wherein cotton was
quoted frmer; but it appears to have been flrmer
at decline of JOSH from the previous quotations
by the Arabia-prices irregular, holders pressing
their stock on the market. To sum up, the half
weekly advees of the market being firm, and so
on, have turned out to be delusion-an unadulter
ated humbug. The market however, ought to be
firm at s I'd for Orleans Middings, which would be
productive of a loss of about twelve dollars per
bale. If there were any Bears to be seen on the
flags yesterday they could well have got up a
dance from the great discrepancy of the advces
brought by the two steamers. We must go some
years back to find Middling Orleans quoted below
3d. excepting for a short time during the panic in
1857. There is some falling off in the stock in
Liverpool. The figures now claim something less
than 100000 bales as stock of all kinds. Low
prices have brought forward buyers, and specula-
tors have ventured to move-taking into eonsd-
GRAFTON that there cannot be any serious losses in
Investing at 3l@5d. We think SO, too.
In the meantime, the talk is, that Liverpool mer-
chants write to the effect that the stock of cotton
in that town is not too much for the requirements
Of consumption and export; but assuming this as
correct hypothesis, it would be gratifying to the
importers and holders of many hundreds Of thou
sands of bales that there should be a reaction in
prices that they would advance to something of
value bearing some relation to the costs on this
side.
As we have got to talking about cotton, we will
introduce some figures regarding the staple in re-
gard to exports from this port, New Orleans say
about forty years ago:
ExpoRrs or Corros New Orleans for the year eomene.