New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-03-15
TALE on CHANGE. !.


nercial movements for some days past continued
Yesterday. Some few transactions in cotton were
carried through. The advices from England up to
the asth, brought by the Etna arrived at New YORK.
were deemed of very little Importance. No quo
tations OF cotton being given, confirms this view.
The Esna is reported I'd have on board one million
aas d quarter 81 dollars in gold, being, it is pre-
snrnea. proceeds of sxchange which was purchased
Ut lower rates than now ruling.
The Directors OF the Bank Of England did not
efsanee therate III interest At the sitting on the
at least, no intirnation Of any proceeding to
tis effect has been received. A q intelligence has
been received of The AustraIasan, Of the Cunard
line, now out twenty six days. The political ad-,
vices do lot possess any general INTEREST," merely
some talk in the British Parliament about our
southern Confederacy and the slave trade, which
confirms the ignorance of our trans siantic friends
III regard to- our secession. They are somewhat
eaTfnI Of tine flee import Of Africans, though Lam
csshre manufacturers and spinaers would not mind
1tpg cotton vas raised II they could be sure of a
5bountiiiil supply at about ID. one year with an
otlsf
Talking about cotton brought mp the question OF
sFle loan af lie Confederate States the export
isy Of one eighth Of one per cent intended to be
laid On all cotton exported. The Mobile Adyer.
sser furnishes the following estimate Of the value
III cotton which il to supply the basis Of security
for the proposed loan. Ii the estimate it will be
perceived that the bales of cotton for the Atlantic
States are placed al 3Gg pounds. This il below
the average weight of both the Sea Island and Up
land cottons The bales from the Mississippi,
which means New Orleans, are placed at 400
pounds. This il entirely too low; 40 pounds
should be- Tile minimum. The returns from our
ustomllouse last year gave the average weight
hui bale 45a pounds. From what We know Of the
bales made in Alabama, the average weight OF 500
pounds per bale ID correct, but to be on the safe
side ne presume, reduces it to 440 pounds. we
desire to Isnpress on all interested in cotton, that
nv some Years The weight of bales has been in
increasing from year 10 year that every gin house
now erected HI calculated for bales to weigh from
800 to GOO pounds that these sized bales are in
creasng with the opening of every additional
plantation and with the erection Of all gin houses
viii he observed that our confrere bases the IN
III cotton for the next years ut four pei
cent per annuni, OF forty per cent. for the mex
fen years. promising il il presumed, that the oroI
Of 1850 reaches 4, $50 900 bales. The following
extract comprises the main Of the Advertiser
article fol- owing; as it does views regarding tn
Increase oil II ayes.
The5 bonds Dc lie Confederate States are base
on the strong est security extant
D With these data before us, il is not an esttrava
giant estimate that the cotton crop OF the. egh
States during the next ten years, Will Increase
per cent. But when to this il added the eonsidera
ii5n that in the event Of the border States stand
ing aloois from, the South, an Increased emigration
fifher 81 The citizens ut those States with thei
Il families of slaves is sure TO take place, we ma
safely disre gard the d per cent Of the crop Whc
III produced In those States. and base our caicul;
ss tons pen the former eat!re crops of the Unite
Il States On that basis, the expectation Of futul
crops Hi the Confederate States Is as follows: