New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-11-14
TALK ON CHANGE,

the selling Of fifty bales of strict Middling cotton
deliverable the opening Of the port at cts per
IT,, payable instanter, can be called fine opera
ton 1t is next to giving cotton away to part with
it at this price. We do not presume to criticise on
these sales of cotton insight and unseen, but the
opinion privas that will give rise, open the door
to great difficulty, and perhaps litigation For in
stance, fifty bales of cotton are sold as strict Mid
ding-the planter or grower is advised of the sale,
and, in nine out of ten, thinks the cotton
is of better quality than for which it was sold,
and refuses to abide by the sale. What then
Why lawsuit or. a sharp controversy ensues. We
think these sales on plantation, deliverable when
the ports are opened, may as well be discontinued.
They will, of course, be highly advantageous to
planters and factors should the war be prolonged
two or three years. In the meantime, it is no way
to transact business-sound principles do not war
rant it, no more than Sc. per ID for strict Mddling
cotton-now worth in Liverpool fully 23c.--onght
to be considered a fair price. Selling cotton at
this time, deliverable on contingencies to arise at
the rate of &c. per h. is of those eXtortions of
commercial weakness which we believe are few
| and far between on the flags. GEE.
| In the meantime, spectators in other articles Of
produce and merchandise are taken aback. The
rapid advance in salt last week was not warranted
| by any present nor prospective demand, nor can
the asking prices for bagging OF rope be justified.
There is sufficient salt in the country to cure all the
meat intended for this market this season in fact,
there is a great deal Of deception practced here
| and there. For weeks and weeks it has been the
topic of remark that coffee was entirely out yet
few bags here and there comes to light, particu-
LARRY when 60 to T0c per Ii will be paid for it.
True, one of our first grocers did sell ten bags of
No. a few days since, which netted him SO per
bag profit, say l6o lbs but this is nothing com
pared to the movements of another operator, who
keeps 10 or Is bags lower floor and in his third
story may have 200 or 200 bags packed and slowed
up in barrels. There are many movements of this
kind The public has been led to believe that there
are short stocks of dry goods, and very moderate
supplies of clothing, yetthe jobbers and wholesale
dealers appear to have good supplies; so large are
they that at the usual close of business next June
they will have something left. Some dealers-they
mayb be called jay-hawkers-have been through the
country villages buying up almost every kind of
dry-goeds and bringing them to the city for sale.
Consumers will do well to refrain from purchasing.
Of blankets and fannels there is light supply, but
the resident community is not in want. In the
leather and shoe trade there light stocks. Tbs
will stimulate the Inauguration Of tanneres which
can be conducted in Louisiana equal to those in
Northern States. The hides Of the South have fer
years been taken North-like our cotton-tanned, |
brought back, and sold to US at about two for one.
Years ago there was large tannery in the old
bayou St. John-the proprietor died, and the bust
ness, then fourishing, went to decay. ~
The general talk is, that the supplies Of many |
articles are larger than the holders represent or
the public are aware of. The coffee slowed away |
in barrels in upper stories is never allowed to be
talked of. Candles come to eight" every even
ing notwithstanding the supply has been exhausted
for months. Picked fish, of which it was not sup
posed there was dray load in the city, appeared
to be going board of steamboats, in large guam
titles. True, we have no Goldfish to talk of,
consequently the South will not be called on for its
quota of fishing bounties, which it has for years on
years been contributing to the Yankee fishermen.
The inquiry is made, how many other kinds of
merchandise and general articles of consumption
are slowed away in upper stories and outof-the-
way warehouses? The consumers of salt have
been .bamboozled, and led to pay prices which
never had any foundation. The buyers, or would
be buyers, ofbaggng and rope for plantation sup
plies, have nothing whatever to justify their pay
ing the present asking prices, Cotton is not
wanted, and may not be wanted this season. 1t is
therefore, unnecessary to be paying two prices for
baling, and Middling cotton selling condtonally at
the very low price of Sc. There was something
said about pork in this way: mess pork is worth in
New York Sl4 to SIS per barrel. Tt can be de-
liyered in Havana for something over a dollar per
barrel freight. If a Spanish merchant should send
cargo, and agree to deliverit at our evee at S25
per barrel, on the condition that he would take
cotton in payment, he is, according to the nom
exportationists views, to- be prohibited from the
What encouragement do We offer to
neutrals to run the blockade If they should nav
10 or l2c. per tb for cotton is it not an object to
hold out inducements? & -. t.= I
Our respected contemporary, the Delta does not
agree with US in our conclusions of the blockade
Il our memory serves us correctly the blockade of
1912 was rigidly respected by neutrals. The run
ming and avoidance was performed by American
vessels, particularly the intercourse with France
The question to be solved is, what constitutes an
eftectual blockade? The port of New Orleans is
presumed to be etfectually closed by blockade, and
the same may he said of Mobile, Pensacola and
Galveston. We do not consider a little schooner
sailing out of some bayou or creek as having any
pretensions of avoiding the custodians-we may
term them-of our port. If it is palpable that the
present blockade does not come within the PUT.
view oil the great powers of Europe, how is it that
they have for months acquiesced in its operations?
British vessels have been repeatedly boarded de-
famed and ordered of. To all intents and pur.
poses, England and France may as well acknow-
edge at once their submission to its scathing
ELECTS.
SOMEWHAT NDrGNANT--A warm freeing theme.
f,an I'D tha Eat