New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-02-07
Nfu Orleans 1ailp Crfstflt.
TUESDAY MORNING, FEBRUARY :, 1860.
TALK ON CHANGE.

/ lHcTe WAS CoHsluoFaDle TALK on Saturday TO-
wards the close Of business. Some Of the knowing
ones got ahead Of all the evening papers in the
| ceipt of the adyices by the steamer North Ameri-
can from Liverpool, and purchased fully thirty
| thousand bales of cotton, between half-past ii
| O'Clock A. N. and one O'Clock p. M. say in about
one hour and a half The business and activity in
| the Liverpool market was confirmed to-day by the
receipt Of the Asias adyees Up to the 21st ult
porting the sales Of the week at 103 800 bales. Of
course rue Garondeiet was under some excitement,
| though the weather was of the most dampening
| character. For full details of the movements in
| cotton yesterday, which were not made up when
we left the flags, We refer to commercial head.
| OF course every one Is aware that yesterday was
remarkably pluyous day, preceded, as it was, by
real showery day on Sunday, oyerfoRing our
| streets and creating q complete embargo on the
drayng Or transporting Of produce. In fact cotton
was too damp, or the weather was rather too wet,
for the weighing and delivering of the staple. AS
we have had about four successive weeks of unusual
| dry weather for winter, complaints against the
change since Saturday last will be out Of place.
Talking Of damp and wet weather, its influence on
cotton, brings up the same inquiries from Liver
pool regarding the loss in weight on cotton, which
| we shall more fully detail in the next talk.
| 1t appears that the communication direct with
the Balize mouth Of the river, by telegraph is
net of that freedom and usefulness SO desirable in
this fast age. 1t is charged that the present tele-
graph company owning the wires between Algers
and the Balze, right bank of the river, is some
thing Of monopoly; too restrictive in its dealings,
ard entirely too partial in its operations. 70 OBJ
viate these complaints and remedy the same, new
association has been organized for teegraphie pur-
poses The wire and posts are to be placed on the
left bank (tlis side) Of tile river, with capital
Of fifty thousand dollars. As competition and oppo-
stion are tic very essence and life blood Of COM
merce, trade finance, buying and selling ofcoton--
in fact, competition permeates through almost
every branch Of trade--why should it NOT in the
telegraphic line Therefore, the commercial com
manity ought to- and viii receive the proposals Of
the new company, the Eclipse Telegraph Associa-
ton, With favor Possibly if there had been some
competition abroad on Saturday last, the cotton
spectators would not have been in possession of
the Liverpool advices in advance Of other felix's
1t is not out Of place 10 suggest that the Board Of
Underwriters encourage this new telegraph asso-
ciaton. The several insurance offices are as much
interested in the receipt Of early intelligence as
financial community.
lt was presumed to have been rather muddy yes
tefday on the levee and landings. There have been
several cargoes Of produce arrived since Saturday
and King Cotton holds his own even in the mud
and rain. Tho receipts proper at this port, up to
last evening, count mp fifteen hundred and seven.
teen thousand six hundred aud sixty-seven bales.
Bnt, somehow or another the Bears Yesterday
were Influenced by tlie weather, as they did not
make their appearance as usual ON the flags or
possibly they were moving SID rosa as on satur-
day. Tic talk il, that Saturdays operations were
great feat; nevertheless, the cotton that was
purchased was well sold, and brought as much as
it will this season, under accommodating receipts.
The Memphis Bulletin gives us fhe receipts Of
eaton at Memphis UP TO the 81st January. They
were, from the lSt September to the 3lst January,
2I6,S53 bales, being increase over last wear Of
l5,ll5 bales The stock on hand on the 3lst, was
24,s4l bales The shipments up the Ohio river and
10 ST. Louis were 50, 9,127 bales against 81 III bales
last year. The Bulletin also talks as follows:
Owing to e contiaped nAfgeabe 4seatlsF the In The
GoaE G @ esSSs m aha5 ap9s8M%be M by which planters wee
t al T. g e & A.. T. gSnse4eaGe he GeesPt9 fel Of
9e on m s; SsTat5ing sT3tg atEhet advance Of
lanary bad The eject deso5 va anoant Of cotfe NJ n a.
cotton growing egtn VIII d5nb c3rse crop esfiaa to m
bales. '"f +'' y '"9 t.'40te3i 'ioESH4d
We are not, from the above remarks. induced 10
reduce our minimum estimates, say fenr and a
quarter millions bales. We shall know where to
place our maximum estimates as well as some
other people, when We know how long Red river
will be nayigable. The estimated reeeipfs af
knlnDhis far the season rora ,IonnI r4 iao nae
bales according to the figures on the Ist inst.
they have TO receive there something over l23. .O0O
bales to make their estimate good. We do not
think they will be able to do SO; and CON
siderable deduction will, of course, follow. The
receipts total at that point last year were 325
bales. Will these figures be exceeded by so O0o
baes2 as the bad weather in December operated
more against Memphis than other points.
The mails failed yesterday that by the Jackson
road from beyond Grand Junction The talk is
why is the great mail for New York retained a the
Office here until o'clock in the morning, when If
might be dispatched by the train the evening pre
vious that is, why not make up three mails daily?
Our own view IS that we have too MANY mails an3l
too many routes now for the public good: that if
Congress will abolish the franking system and do
away with the transmission of tuns of public doom
ments, books and SO on, which are only used as
wrapping and cigar paper, letters would be de.
liYered with more punctuality. That is it abolish
the franking system. The talk is, however, that
the mails over the Jackson road will get into trim
and regularity after awhile and if we have mails
once day and regular, it will be as much as we
can expect for three cents.
s--
VESSELS REMAINING In THE PoKT OF ApA1.Aour
eoLA.-The purser of the steamship Florida, which
arrived yesterday evening from Apaachicola, re.
ports tie following vessels in port:
Ship r. q. Barney Barney loading for New York. M ,
Medina, Seikey leading for Liverpool; stip line Fa
7 n9gon, ioaiFs t2F l4Ys9ol ship t9qan Wade ioe for
ba4k KEEPER Manan loading for Pro9icnee BIZ bar Deayoa a