New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-09-12
Nstu Orleans laily Crescent,
WEDNESDAY MORNING, SEPTEMBER u, 1860.
TALK ON CHANGE:

TALK ON CHANGE.
The gatherings on Carondelet street and envi-
rons yesterday were more numerous and larger
than we have observed for days and weeks past.
There was no desire for heavy transactions without
large concessions. Towards meridian one Of the
militia steamers was announced as having arrived
in the ST. Lawrence from Liverpool, with dates
and quotations Of the usual mixed-up nature,
which are forwarded overland to meet the steamers
at the outposts. The telegraph makes O great
error when the dispatches read, stock of cotton
in Liverpool ,S7l 200 bales" sit does not make
much difference at this moment what these figures
should read, we will not undertake to solve them !;
they may be intended for 1,o7l 200, or they may
not. However, they are militia accounts The
regular and full weeks Details up to the LIST inst,
will be due tomorrow at New York by the regu.
lar Cunard steamer Asia. 1t can readily be dis
cerned that there was no improvement in the cot
ton market IN IivArrnal A,,rirss +hs v-oeh CHUNG
the 1st inst. They had advices from this side to
the 18th August. The other commercial adYices
are conflicting. Some kinds of provisions are
quoted very dull then again, they say,'' lard
closed firm. This reminds ms that there is an i'm
mensty of "say so and "tbey sayn in about
nine-tenths of the dispatches purporting to come
over the wires. There is not much to be made
out Of the financial advices. Money at the Bank
Of England taken at the rate of per cent. per
annum. Outside the rates ranged from a! to and
81 per cent.-rather tall rates for the London flags.
Our stock of cotton is accumulating with some
rapidly. 1t is not out Of place for us to talk to
the planters that there will be very few operators
or buyers for the English market, and the Cont
mental markets at large, for some weeks to come.
1t will take some time for many of the English
buyers, the middle men, to get over their losses
and flemish balances of last seasons business
Some, perhaps many principals on the other side
having protected all the exchange drawn on last
years purchases, and losing largely, will say to
their agents buyers and shippers, who were so fast
last year, now you have got US into this mud
and mre, or perhaps sand and dust, or rather into
this scrape, you must go back to America, enter
the market, buy all you can at the lowest rates
draw away and we will work out" All, ha
yes, but they don't say how they will work out
after they get bills of ladiug of sufficient guam
tty, We shall await and see. Middling, costing
here 10ie., freight l1-16d. and exchange 81, mus
bring in Liverpool Is. 1sd. The highest quotations
we have for Middling (receiyed yesterday are CID
There was some talk about tobacco. We al
luded some days past TO the contract with thu
Spanish Government The first bids or tenders
were opened on the l4th of July, among whicl
were some from and connected with houses in oul
city at 1926 and 1882, which were declined
| Proposals were again issued, to be received OF
4 the Sth of August. We learn from the Gaceta d
| Madrid there was only one bid, which was Sr.
Jose Campos, at 2l0 reals per quintal, say l0le
| per pound. The award was made to Sr. Campo
The contract runs for three years-lS6l, 1862 an
1868. The quantity of tobacco required can, an
has been purchased in our market within the pas
six weeks, at to 7lc. per pound. Adistinguishe
house in our city is concerned in the contract an
has already, we learn, 1900 hhds. purchased up
low figures, whichwill go very well towards illin
the requirements for the first year which will /
10000 hhds. In anticipation Of obtaining an inte
est in the contract, these other resident partit
have purchased, within the past two months, $50
5000 and 2000 hhds However, they will not los
on the investments, particularly if the short Gro
accounts are confirmed.
The King is in quarters-that is, cotton is bel
stored in presses and warehouses waiting tt
: actual opening of business for the commerci
year. With the exception of some orders for pal
tation supplies, the receiving and forwarding
some few parcels Of merchandise, busness--traG
in general--is dull really inert, and decided
stagnant.
The Northern mail failed yesterday from beyor
the Grand junction. This Grand junction must |
grand place, if we consider it by its euphoniol
title. The mail fails to connect at this point ebo
every week. The American mail from Europe
the 25th ult. will be due this morning.