New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-10-25
TALK ON 1CEANGE,


weather day before yesterday has impaired
lively feeling in those circles connected with the
sugar interest. Sugar and molasses are coming to
market rapidly in very large quantities for this
early period in the season. AT the sugar depot
there are indications of dullness and inactivity.
The ginllet rangers are in high glee. How it will
be with them next month, when stocks accumu-
late, we cannot say. Whether the closing up Of all
communication with the West will interfere seri-
ously with the sugar trade will be ascertained in
few weeks. II is reasonable to infer that the States
of Virginia, North and South Carolina which have
heretofore received large share Of supplies from
the West Indies will now depend on New Orleans
From all information before US, immense ill.,
crease in molasses will be required throughout
the South for plantation uses Rice, hominy and
molasses will go far towards filling the vacuum oc
casionad by the scarcity OF bacon. There need
not be any scarcity Of hog meat, as the planters
have had sufficient time since the commencement
Of the war to raise pork crop. There is no rea
whatever for pork ruling at $40 to $50 per bar
rel, except because some few operators or holders
say so. We, however, leave the pork question to
our right hand cotemporary, who attempted a
short time since to Illustrate the rise and fall in
prices of the article with long dissertation on
something supposed to be embracing political
economy or the pork market
The talk Of export Of cotton in certain cases
forms considerable of an Interchange Of views and
opinions that shippers and operators are taken
all aback, perfectly dGmbfounded, as it were, at
the present attitude of affairs there is not doubt.
That passports and licensesha been granted by
the Lincoln Government for cotton to vessels
under foreign flags, or any flag, there is not a
doubt; that is, the Yankee or Hessian Administra-
ton were Willingt to play into the hands OF England
| and France il their vessels came in ballast. This
| mode will not of course, be countenanced.
Another view of this great question demands con-
| sideration We will suppose that the house of
Maxwell, Wright u Co., of Rio de Jaueiro, (Which
| house has sent many ca1goes OF coffee hlther)
| should send an European vessel here with a cargo
of cof1ee-say 5000 bags-the blockade is avoided,
the coffee is landed, and is article much in want
| the proceeds of the cargo, as usual, are to be
| placed or RENTED to London. We suppose that a
cargo of 5000 bags of coffee would at this time
| bring $40 per bag-an inside calculation-say
100000. The proceeds are to be forwarded tc
London in gold or its equivalent. Messrs. Maxwell
| Wright & Co. do not want gold, they desire to ex
change for cotton or the same thing-they will sci
their coffee for currency, and invest the currency
in cotton, which, at present rates, would command
about 1000 bales But suppose MAXWELL Wrigh
4 Co. say, We have run the blockade, our coffee i
for sale, we don't want your gold for it, we wan
cotton which we will guarantee to land in Europe
Would it not be an extreme hardship for our au
thorites to step in aud say the cotton shall not b
permitted to leave the port?
Then again, suppose Messrs. Graner & Fills, tn
large blanket manufacturers in France, land on ou
levee one thousand bales of their blankets, and de
sire the proceeds to be returned to them in cotton
ought they be prohibited from taking the cotto
from the levee Messrs Graner & Fills could stan
on the rights granted to all traders, that the
would not sell their blankets unless they could in
vest the proceeds in cotton. They might take thei
blankets and sink them in the Mississippi river,
one of our old citizens, at the close Of the war
1872, did with lot of juniper berries in New Yor
harbor; they would not bring sufficient to pa
duties, and being prohibited from landing them III
less duties were paid he ordered the vessel int
the stream and had the berries thrown overheard
cargo of blankets or coffee would at this tim
' come to better market.
Talking of blockade, we learn that on Monda
and Tuesday there were no Hessian vessels off Pa!
a-l'Outre. Then again there was talk that the
appear in day time off the Passes, and at nigi
haul off, so confounded afraid are they of I'll
Manassas and the five boats and Com. Hollns.
1t has been supposed from time to time ,sup t
i the invasion Of the soil Of Kentucky by the He
SLAMS, that the leading banks in that State were
favor of the Southern cause. 1t is now clear to
: that the South has been greatly deceived. Hov
, ever, as the leading banks in that State are n
Ii the people, nor do they lead the people, the
are fast losing their influence. But that is Meth
= here nor there at this time the talk is, that Il
debts, say notes and bills of exchange of Il
banks, known to have advanced and given none
= to provide means of support to the Hessian arm
should be sequestered as the property of ALT
enemies. We alluded to one leading bank Ia
week. We now learn and it is pretty freely TALK