New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-09-24
sItu OrIeans Hlgntg Alarkat.

eREscEsr oFrfcE, 10. 70 Camp street.
M5nuay Eyeling, Sept 8. 1851.
Ii ana about tie bank counters to-day there was
fair degree Of activity. It vas, however, confined
Il small transactions. "a transaction Of few thou
sands of dollars at this moment is chronicled as q
8 large and imposing operation. The sale of one
thousand hegsheads Of sugar or one Thousand bales
Of cotton PEI week is now of some Importance 1t
Ii fresh the memory Of many of our old residents
when the sales of one thousand bales Of cotton or
one Or two hundred hogsheads Of sugar tthis to be
deliyerea) IN the last week Of September was some
thing uf great impor tance.
The very fine weather for the past two days, with
prospects of continuance, are indeed exhilarating
10 oil connected with our agricultural interests 1t
will be satisfactory to know that we have produce
& ana property of availability on hand, even if the
Hessians do blockade our ports.
#a Ia general financial circles things moved on
f quietly and smoothly to-day The issues Of one,
two and three dollar notes by two of sour banks
will appearin two or three days. One of our bank
Presidents says he will have towrite his name legi
bly, and plainly. Of course, one hundred and forty
two thousand times to enable his bank to issue the
$3.50 go ia notes, ~ resolved on; SO the public
need not be exclaining I. why are the small notes
NOT out In and about the brokers offices today
il was very anxious. It il about an even race be-
x tween the sellers Of gold and silver coin and the
4 buyers. The brokers buy one minute and sell the
next. the present differences between gold and
currency continue, the brokers and buyers will
have their hands full Of the droas, as Treasury
NOTES and bank notes are Just as good throughout
y The eountsg Is gold and silver barring Of course,
The vacuum to be filed BY small change.
There were no movements in exchange to-day
worthy of record. Checks on Richmond have ad-
yanced To par, treasury notes being taken for the
purposes Of relnittanees-s
The following remarks from that old and long
established journal, Cores Advertiser which we
have known for nearly forty years, pretends to
give prescription for the of the cotton sick
ness which is ailing in Great Britain, and will be
ailing still more before Christmas OF the present
year. Every day conginces US Of the dependence
Of England on the South for supply Of the mate
Eial p keep their Operatives from starving It ID
plainly pereevable that John Buil will be on the
hip for cotton before The advent Of the year 1862
Possibly liz viii learn by that time that the great
Southern Gonted eracy and effectively,
will have something TO say about the great cotton
x question IL s5 ss3 Is.
III Eonsuiefeia Advertiser August 81
t)ur present stock OF American cotton is, say
+ 100000 bales. Taking the average weekly con
At the end OF seven weeks this stock will
6 trade improves our millions prosper |: there Is
a peace on the continent; our commerce is unre-
strained. except As regards the ports of the Con
fedefate States What will be the consequence Of
AZ this There viii be q largs demand upon man
ufaetnrers for their stus, and upon merchants for
their cottqns which must then shoot MP to d price
s which, If named nov. would only raise laugh
& Letus bring strong and conclusive argument to
settle the matter once aud forever. Suppose I'M
precedented high prices were given for nlanufac-
tared stubs, and the stock of cotton 40 low that
nothing but working short time could secure tie
s. raw material for month at the most why should
Il epinncrs hesitate to convert 1T into yarns? When
the present stock Of american cotton is exhausted
their value will be immensely augmented Then
. surely there IS no earthly reason why spinners
should not spin 20 long as they can buy cotton 1t
will at once occur to every spinner who has stock
Of cotton that il Is the safest and most profitable
1 course to turn il into yarn with the utmost dis
= patch, because, should the American war be sud
denly srGninated his cotton wonld show loss but
4 bis yarns would imne diatey increase in value on
j tue re-opening Of the American trade.
Then what must be done to modify the consum,,-
ton Of that staple upon which the supply of four
liens Oh our poorer classes depend for their daily
bread There il nothing for it but the establish
ment OF higher scale Of prices. Consumption
can only Thus be stayed.