New Orleans daily crescent., 1860-12-28

thirty days. Some parties, who could not month
ago buy more than hundred bales of cotton, are
now moving at She rate of thousands OF bales per
day. The Manchester spinners are a shrewd and
sharp set. One Hill in Manchester has sent out an
agent, not to buy, but merely to act as an in
spector; TO ascertain, perhaps, and see how we
do things in this great city Of ours. In the way Of
Introduction, he brings a sledge hammer and a bag
of shot, which were found in bale Of cotton.
However, these articles must have got in accident
ally, as they would not both together weigh more
than two pounds avoirdupois weight. In the mean
time, the bag of shot can be seen on CarondeIet
street.
There was some talk that the fresh or new ad-
juncts Of the great cotton traders as they are
styled that is, the 1edglings and the neophyes Of
Lancashire spinners, operators. brokers and COM
mission merchants of the town OF Liverpool were
disposed to buy libeyaly, even at liz cents; but
some old fogies talked an though things going
ahead too fast-cotton advancing one cent or more
in six days. Possibly this advance may have some
thing to do with large wager that was closed
yesterday, that Middng cotton (Orleans) would
be quoted in Liverpool after the 1st Of February at
eight pence or over.
There was talk that some of the young Man.
chester folks buy everything that looks like cotton,
even leaves, sand, shrubs bolls and stalks. Though
we have good many old and shrewd buyers,
disciplined "sogers = in the market, these young
representatives Of Manchester seem to think they
are the ne pl,ts ultra. Eh, hem 1t is hoped their
letters of credit will pass, though some of our old
fogy bank managers shake their heads very often,
and remark that cotton is going up too fast that is
going from 93@9} to ll@11f cents. in fifteen days,
though the prediction is 123 cents for Middngs in
March.
Well, the storm yesterday interdicted outside
talk. There was, however, a good deal of inside
talk, with good many remarks about the lying
telegraphc dispatches. There does not appear to
be particle Of truth in the reports emanatiDg
from Washington City. AS for the correspondence
of the New York papers, extracts from which are
daily forwarded to the South, there is nothing
worthy of credence. To speak right out, the tee-
graph is made the medium of conveying more lies
and falsehoods than the gentleman in black can
charge up in life time.
The feeling towards cotton yesterday was good.
The receipts were large, and over ten thousand
bales by two boats from Memphis took some peo-
Pile by surprise. But it occasions no surprise
when the position of affairs is duly considered
The New Orleans market is without doubt the
best market for the sale of cotton in the Chat was)
United States. They could not sell in New York
twenty thousand bales Of cotton per day. What is
the use of Tennessee sending cotton to New York.
and wait two, three or four months for sales and
returns, when by sending it to New Orleans, it can
be sold and returns made in gold in fifteen days
after the cotton leaves the gin house? Again, we
repeat, why send cotton, or think of sending it to
New York or Liverpool and wait three or four
months for returns?
The further talk was of the remarkable circum-
stance of the saving Of the captain and crew of
the ship Georgiana, hence for Liverpool They
| were rescued from the burning wreck by the cap
tain and crew of the ship Levi Woodbury., belong.
ing to the same owners, on the 10th of November.
| The Levi Woodbury. sailed from this port the day
after the Georgiana for Liverpool.
As the storm of rain appeared to be increasing,
we retired from the flags at an early hour expect.
ing to have something to say about matters and
things in New York but the great mail came not,
and we can only conclude that Mr.. Postmaster
General Holt intends to secede, and possibly the
transportation of letters and papers will devolve
on McKeeYer & Co.'s express.