New Orleans daily crescent., 1860-09-18
gle(u Orleans lallp Gtfstelt,
TUESDAY MORNING. SEPTEMBER Is, 1860.
TALK ON CHANGE.


The talk to-day on the flags was chiefly devoted
to the accounts of the recent Storm full details of
which will be found in another column The storm
of the 10th September, l855-fiye years ago-de-
stroyed everything on the coast from Mobile to the
Rigolets while on Lake Pontchartrain its effects
were scarcely perceivabe. The effects of the
storm on Saturday last were not experienced but
for o short distance from the seaboard, conse-
quently fears regarding the crops are allayed.
The receipts of cotton continue on free scale
they were from Saturday morning last up to last
evening 7,427 bales. The largest load was that
Of the Magnolia, Capt. Phelps, from Vicksburg,
being 4349 bales This is the largest load this
son. The receipts for the same time the cores
ponding days last year Saturday, Sunday and
Monday, 18th, 18th and 10th September
1856 bales. The receipts at Mobile last week
were l0547 bales against $3.50 bales for the cor
responding week last year.
Let US have some talk plain up and down talk,
with the planting community. We admit, we con-
cede, we grant, that the drouth of the season has
cut short the crop materially, reduced the pro-
spective yield down to 40000 GOO of bales. With de-
pressed markets, with sales at lower prices than
last year, say nearly one cent " tb on an average,
the stock now hand is double what it was last
year at this time, with receipts daily augmenting.
True, some, or perhaps many planters, have not
storage room, and are compelled to send forward
their pickings fast as baled other planters may
be desrous of placing their merchants in funds for
advances. This, of course, is highly commendable.
The receipts at some of the inland towns are
enormously in excess of last year. We will take
the market Of Selma, Ala: .s..m.. .|
RECEIPTS COTTON.
From Sept l. l9 septi 1850 bales. 1886
From rom sept S57 to ept l. 1863
of the 9G5 bales received here this year there of
STOCK os HAND.
september i 1850 bales. 2S
epern8sr pperns + '''.''...'' IL ~
1t will he perceived that the receipts of new
crop at this inland town were previous to the lst
September 2096 bales-nearly 1900 f}ct. over last
year. If the other inland towns can make as large
beginning, the talk is that there will be sufficient
cotton raised to go good way towards liqudating
the Indebtedness Of the country. The crop in
North Carolina will be larger this year than ever
before known Although the drouth has shortened
it, yet the new land brought into cultivation will
| more than make up the difference. A correspond
| ent in that State says:
| Enough has resulted from the experiments of a
few years past to settle it as fixed factn that
|
cotton State. The soil and climate of large por-
ton of the State render the cotton crop the most
| productive, while added to these the system of
composing, marling, lining and the use of other
fertilizers contribute to make it less liable to the
diseases and casualties which so seriously affect it
| in more Southern States.
! The shipping agents and brokers are active in
keeping up the rate of freights. Some of them are
keeping regular entries of the daily receipts Of
cotton; in fact, not hundred bales of cotton
changes hands but what some of the dexterous
agents are made acquainted fit.
The great Manchester Cotton Supply Association
is again in the field for procuring supply of cot
ton, independent of the United States of Nortl
America The latest intelligence from India state
they can expect crop once every three year
from the same land. To produce 100000 of bale
of cotton would require 100000 acres of land
says the annexed extract, recently received from
India
Cotton, quite equal to the average of American
| might be delivered at seaport, from any part o
| India at cost of I'D. per fb. But this low cos
| of production would not much affect prices il
Liverpool, till India cotton is produced in suficien
quantity. To reduce prices in Liverpool 1000, ,00t
bales, in excess of the present supply, wanted
from India : and to produce this quantity by the
present method of cultivation, would require al
extra 40 900 acres of land, allowing crop o.
| cotton from it once in three years, and an extra
1000, 900 or 100000 of aborers. In the opinion
of Mr.. Warden, however, cotton in India, though il
may be much improved, can never be brought tc
equal American cotton. The seed itself degene
rates. The uncertainty of the market is one OBJ
staee to the growth of cotton in India. Majol
| Wingate stated that although cotton may be eXten
siveiy cultivated in India, sufficient quantity
cannot at any time be relied upon to make thi
country Independent of American cotton Th
production of cotton in India is determined entre
by the price. With a short crop in America til
lpn JIln of
kets of the world falls then the cultivation Of col
ton in India is Immediately contracted. Cotton ca
only be cultivated once in three years, advantage
ously, on the same land. In most soils, where Ian
is allowed to be falloW, rotation of crops is moi
however, largely practiced.
After the above admission from India, it is n
use to talk of India competing with the Souther
States of this confedcracy in the cultivation c
cotton.