New Orleans daily crescent., 1860-10-11
TALK ON CHANGE,

+ The opening of business yesterday was attended
with many remarks about the nonfeceipt of ad.
vices of the Pennsylvania election. The habitues
the daily frequeDters of the great Carondeet
street--were not kept long in q state Of suspense
About 10 o'clock there were reports that the Black
Republican ticket had succeeded in the Key Stone
State; that Pennsylvania had given in its adhesion
to the Black Republican candidate for President of
these United States. True, there were accounts Of
similar results from other States, say Ohio, Indiana
and Iowa. These were expected, but that Pennsyl-
yania should have surrendered to the black flag,
completely took the occupants of the flags by sur
prise. After meridian, or on the issuance Of the
evening papers, there was very little talk beyond
the result of yesterdays election in Pennsylvania
True, the price Of cotton not materially affect
ed, but it must be considered that the price of
cotton has been regulated for some days by the
prospects Of the yield for 1860 1t Is well enough
to concede something for the moment on the re-
ceipt of important intelligence, whether pro or
con. but it was manifest yesterday until the close
Of business, at o'clock 2. NJ that there was great
feeling and more or less excitement on the flags.
II was bruited about that dealers in paper were
considering what course to pursue for the future
However, we need not entertain any fears about
money lenders or buyers Of paper; they will scent
a breeze a thousand miles of.
There were later adviees from Europe talked of
as having been received they quoted the cot
ton market steady. Some private letters recently
receiyed--the letters having been written by par
ties who visited Liverpool-say that it might do to
pay in this market sAc. for good Ordinary cotton.
But there il such great difference in the assessing
Of the different qualities of cotton that it is very
difficult to arrive at due and Just appreciation of
the different qualities Of cotton in the two great
markets--New Orleans and Liverpool. To con-
duct business In cotton, with a view Of regular
profits, operators must be posted up with the
different classfcations and presumed assimiiations
between the two markets. II will be well, there
fore, for the numerous young agents who are now
coming over from the other side---the hedglings,
we might term then-to throw aside good many
whims and forms, abandon good many Lanca-
shire ideas before they can make move on Caron-
deletstreet. Now, would it not be very amusing
10 witness some Of these young Manchester agents
and Liverpool attaches arguing with citizen Buck
ner, counseng with our old citizen, John Watt,
endeavoring to frghten Peter Rockford, trying to
blind those great and good southrons, Payne &
Harrison, throw dust in the eyes of our old mer-
chant, Hugh Wilson, try TO tickle the venerable
Kelly amnse Col. Avery. laugh with Gen. Pitcher,
and attend church with good many Others to in
fuenee the price of cotton and the facilitating of
exchanged There have been good many rich and
amusing things turned up on the flags Of New Or
leans in times gone by and it is reasonable to sup
pose we shall have others. 1t Is, however, too
early in the season for the Hgrand entree.'' In
November and December our flags will be crowded
with wouldbe dealers in cotton and buyers Of
tobacco. As for sugar. we shall not have much TO
offer them. All tie saccharne there will be for
sale wl be required for the West, and exchange
transactions on that point not embraced in the
line Of business. But there will be a good many
jockeys on The flags, and it will be almost imposs
BILE TO determine what confidence the many new
comers will be entitled to.
The weather Is theme for general and crafty
ing remark. With fifteen OF twenty days of such
weather as the past three, we might congratulate.
withal on q moderate cotton crop. Further than
moderate ne cannot go for the present. aud though
the question will be propounaed, what will be y
moderate crop?n we have only to say that he