New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-12-29

Stock on hand at Petersburg Norfolk Dec 1850 29Oo
These receipts do not show any increase over last
year. Taking the North Carolina and Virginia re-
ceipts together, there is an increase We are not,
however talking Of crop and crop estimates We
were talking Of the Memphis trade, and the alb
surdity that some wellinformed persons should en-
tertain the chimera that any great quantity be
diverted from New Orleans to New York, or to the
Black Republican city of Boston. We have been
looking and waiting several days for that dstin-
gushed parsonage who has engaged to ship $4,000
bales of cotton from Memphis to Norfolk. He was
reported to have appeared on our flags, but we
have not met with him, nor have we heard Of those
operators who intended to buy 100, 900 bales in the
Memphis market this season. and ship it right off
for Liverpool via Canada and the Grand Trunk
Railroad.
The further talk was, there is cotton now en-
route from Memphis to NewYork and Boston froze
up, which may be thawed out some time in March
or April.
Over ten thousand bales of cotton were received
at our leyee by two boats day before yesterday.
Now this cotton can be sold in our market and re-
mitted for in five days. Ifithad been sent to New
York via the upper rivers, the owners or planters
would not receive sales and returns under sixty
days.
Now, let us talk plain. One thousand bales of
cotton leaving Memphis on Monday last for New
Orleans can be landed, sold and the money remit
ted for before this, Saturday, night closes. How
long would it take for the same quantity of cotton
to reach New York, sold and returns made in
cash? How many weeks, in fact-it is useless to
talk about days.
Under the large movements in cotton the freight
market has hardened, and d. for cotton to Liver
pool is the current rate, and though some parties
talk of further advance, it will be well for ship
owners not to be too ambitious for an advance
over ia. This is good living rate. There is somt
talk that several vessels which sailed from New
York in October and November, grain loaded vii
/ be coming hiher for business. This talk emanated
| it is supposed, from some Bear in the freigh
market.
The further talk was that the weeks husines
will close satisfactorily. True, the banks are no
] casting their favors broadcas and though som
folks do complain, it is manifest that the banks ar
pursuing wise and iudcions course; one whic
will rebound to the honor and credit of Louisiana
confer imperishable good on New Orleans, an
prove the salvation of our commercial and agricu
f tural communities.
There was some talk about coffee investments
that there have been large sales, and so on W
do not generally go outside of Col Lonsdale
Sons weekly circular. According to the repor
for this week. the sales amount to 10000 bags, bu
this does not look like speculation, with stock o.
hand of 1900 bags. However, the berry has re
| ceded from three to four cents per pound within
the last five weeks. The crop in Brazil is turning
out better than expected.
There was another installment of European mai
matter delivered yesterday at the Post-of1ice
There is another due. Dates of the 24th were du
from New York-the express delivered them. W
give up all hopes of Mr.. Postmaster General Holt
RuyIoR OF ANOTHER DEFALcATIoN.-Th Wash
iRgton States published on the eyeningof the 24th
says:
AS we go to press, the city is all alive with tn
unpleasant rumOr that defacation has been dis
covered in one of the Executive Departments, SAT-
to exceed in amount that of the Interior Depart
ment just come to light. We have no time to trae
the particulars.
The defacation in the Interior Department
alluded to above, was for the sum of 5000
The new one if the rnmor be true, is for eyel
more than that. The item would have been mucl
more satisfactory if the Estates u had told u
which one of the Executive Departments it ha
reference to.
S@1n