New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-03-23
VOLUME XIII.
Ne6 0rltats Bully Gresttrd.
FRIDAY MORNING. MARCH 2s, 1860.
! : = lNIDAI Il MUItISINUy NIAItCII A0t AuVV'
TALK ON CHANGE.


TALK ON CHANGE.
Nothing of an important character turned up on
the flags Of Carondelet street yesterday. The let
ters and general correspondence by the Asia came
through, and, Of course, the contents embraced
cotton; yea it is cotton here and cotton there; it
is cotton at all social gatherings and convival
partes it is cotton in circles POLITICAL 1T is cotton
on the flags Of all important marts of trade and
commerce ; it is cotton financial and monetary; in
fact, cotton is King here, there and everywhere.
The vast capital invested in shipping would prove
barren waste if it were not for cotton. The con-
tents of the correspondence, received by the Asia
Of dates to the Sd Instant represent that the Eng
llsh money market was easy, and all wants freely
supplied. Therefore, we can look forward with
some degree Of confidence that the general cotton
market will be sustained, and those dreful predic
tions, which have been made by the grizzly Bears,
that is, to knock cotton Giiddling) down to 64d.,
and endanger many bills Of exchange, are not
likely to realize nevertheless, we shall have
good supply Of cotton to furnish Lancashire spin
ners; and, according to the views Of Mr.. Ashworth
which viii be found in another column, and whose
opinion is entitled to high consideration, it will be
perceived that all the cotton that can be raised up
to four and half millions of bales will be wanted.
The old gentleman Quaker, Mr. Ashwerth, pays
compliment to our cotton planters for their energy
and skill in extending the cultivation of the staple
We should not have talked 30 much Of Mr.. Ash
worth, had not his views, his high standing as
man and manufacturer come endorsed to US by our
strongest operators. Moreover, we met on the
flags an old citizen-an old established factor and
vendor Of the staple-who happened TO be fel-
L. u.
steamer hence to Liverpool in 1867. We hope
some more Of these English manufacturers Omen Of
learning and intclligence) will cross the Atlantic
come South to New Orleans, visit our cotton plan
tations and observe the blessings and benevolent
effects of our negro seryitude, If Lord Brougham
would come along he might be relieved Of his pre-
iudiees In the meantime, all my Lord has to do is
to suggest to the Manchester spinners to reitse all
American cotton, and then he would be laughed
at, which would be equivalent to his proposition 10
spend the paltry trife Of 100000 TO raise supply
Of cotton in Africa
There was some talk yesterday on the flags on
four and half millions but the question Of AZ is
becoming stale There are four millions and
quarter at light The receipts proper at this port
up to last evening foot up / 1856, 500 bales.
A press of talking has prevented us from paying
eur respects to the great oracle Colonel Wright)
lately. The Colonel, in his last manifesto for the
Liverpool and Manchester market, dispenses and
repudates figures in the way Of estimates: in fact
he has turned his attention to prose, and says that
the developments exceed all calculation. Fudge
Colonel, the receipts and developments have not
exceeded the estimates made in October last when
the minimum was placed at 4,250,O00 bales, and
millions Of bales. All leather and prunella Colo
mel, about disappointment and excess of estimates
The figures of 100000 to 4,500,000 we're chalked
out here on more than one table last October
While talking in this STRAIN some operators in New
Orleans would be glad to know who wrote to
Liverpool in their private correspondence that the
crop would not reach 100000, and at the same
time private circulars were forwarded here, there
and everywhere, that the general views regarding
crop ruled at 10000, 200, 900. Moreover, to show
how the jockey trade is carried on is only neees
sary to allude to the dispatches sent the wires
from this city in particular, between the 1st and
10th of March, that the receipts were falling off,
which caused an advance in the New York market
of lc. u ID; and yet the receipts were accumu-
lating beyond all former seasons Further, the talk
on the arrival or departure, or to meet them, of
each steamer at Queenstown. We hold the opinion
that the general cotton trade-being governed by
the immntable laws of supply and demand-does
not require falsifed dispatches or stump tail res
ports to sustain 1t.
The arrivals of boats, with good cargoes, were
free yesterday, and it was toleraby active on the
levee from Bienyille street. Below Bienville, at
the sugar depot, it was extremely dull. The gmlet
rangers were ide--their emblems Of trade were
hanging inaetive-there was no boring whatever
in fact, the sugar and molasses operations ex-
tremely limited yesterday. We all know what the
crop of last year has proved to be, and operators
can govern themselves accordingly.
The mails, we believe, came through yesterday,
at least, so said the placard at the Post-Ofice.
There was an accumulation Of mail bags in tile
lobby. 1t is hoped that Mr.. Postmaster General
Holt will grant few dollars to employ at least a
half dozen assistants, If the Department cannot
afford the trifing stipend, the merchants will
| speedily contribute the amount. Say the word,
Col. Marks, and the money will be forthcoming
y