New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-03-06
Nen Orleans 1aiIg Grestsnt.
mEnNEsnAY MORNING. MARCH G, 1851.
TALK ON CHANCE.

WEDNESDAY MORNING, MARCH G, 1861.
TALK on CHANGE.
The political attitude Of the country formed the
chief talk yesterday on the flags. What do you
think of the inaugural Qncoln's addressl, was tho
question interchanged between parties? At this
and that corner its intents were commented on, and
the general received opinion is that it Is decidedly
of coercive character; and as it brcathes hosti-
lily to the great South and Southern interests there
was general desire evinced to wait d few days to
learn what the new Administration intends to do.
There were some purchases of cotton yesterday !;
there was also engagements of freights. Two or
three vessels were taken up for Liverpool; but
most operators were waiting further advces from
Liverpool, considering it rather hazardous to move
in cotton in the face Of and &c. or 3D. difference
in the currency between our market and Liver
pool. The stock of cotton in Liverpool has in
creased largely. beyond the calculations of ship
pers from this side, being on the 9Th ut. lOi 900
bales in excess of last gear at The same time and
with the reports on the liverpool flags that nearly
leo vessels were cleared from this port in two days
in January all pretending to he loaded with cotton,
it is most strange that the Manchester and Liver
with the falling off in the demand for goods and
yarns in Manchester. It is asserted that tho CON
sumption Of the staple in Lancashire is rapidly de-
clining.
From all information before us, VIC are inclined
strongly to the belief that there is more truth than
poetry in the following remarks. There was much
commotion on the London Exchange at the last
movement Of the Bank of England. The Times, OF
the evening of the l4th, talks as follows:
The public were greatly nstonisIed at the ad-
vance of the bank rate, ms there is scarcely fact
known to commercial people that can in any way
account for the movement As far az precedent
goes, both regards the stock of bnliion and re-
serve of notes, it ia entirely unsupported. On the
continent the rate Of discount ia f2ct, at Frank
fort between ~ and 78ct and al Paris, and even
at New York, 6 pct. Tho exchange i'll China
shows an Improvement Of Tlct.. consequently no
silver will be sent there The bank return tc'mor-
row may supply the means of drawing some posi-.
tive deductions. There are other favorable symp-
toms. Gold continues to be taken to the baGk, a
further amount Of Ell2 600 having been carried
there TO day, and mare is expected Tomorrow. In
the open discount market ana on the Stock Ex-
change there were yesterday, and even this morn
ing, moro signs OF dimnutjon of pressure than
had been observed for sorae days. The Bank OF
France is understood, during the paSt mouth, to
have experienced recovery Of nearly GZ,VOO 0DU
in their stock Of bullion. and an extraordinary re-
ducti0n in their discount
The tariff act of the Confederated States created
( an unusually lively state of things in New York
last week. 1t appears that the Southern Con
sederacy is already commercially recognized. We
received the following from New York last even.
ing, dated the first of this month:
The Southern packets have within the past few
days come in for large share Of shipments Their
steam rivals have always monopoIiGed the trans.
portAti0n OF the most costly kinds Of goods destined
tDt, l1k md
sity Of immediate shipment to avoid the charges
imposed by its provisions, together with the com
plcte occupancy Of the steamships, have compelled
Northern shippers to employ all the vessels OF
every class bound fer ports of The Southern Re.
public. These Yogses lie along the East river be-
tween the Battery ard the foot Of Cathariue street
and have been loading during tho present week
with every variety Of merchandise. In many cases,
such has been the anxiety to ship goods on board
those vessels in time to avoid the revenue repua-
tons OF the act, that the process Of unloading
has not been completed when the taking on board
OF the new cargo has commenced, and it was no
unusual thing TO witness two horses employed al
the same vessel, ono in hosting out The old, tho
other i'll hosting in the new cargo.
SteVcd0rGs, lOngshGremen and deck hands have
been in constant demand with plenty OF employ
mant for them. and their services have been Otter
kept in reduisition until nine, ten and clever
o'clock at night. The docks referred to have fol
this reason presented very busy scene during the
mo0nlit evenings Of the two or three duy2 jus
q IL,
fore silent and deserted aspect at this portion o
the diurnal twenly-four hours. They have beer
crowded during this time with boxes, barrels
bales and packages OF every sort, while carts anC
wagons are continually bringing and depOSiting
and the accumulation of vehicles is 0ilehtime
such as to prevent the inFress to the vessels 0
others arriving behind them.
The following vessels we're loading yesterday il
q very expeditions manner. and will take th2i
cargoes South free of tariff charges, the bills 0
lading having been made ont before to-day:
Henry P. Russell for Charleston; Charles Smith
for Charlestcn Alice Lea, for New Orleans; S3r
telIc. for New Orleans; ioarian for New Orleans
St. Charles, for New Orleans; David q. Wilson
for New Orleans; Presto, for Savannah; Queen 0
the South, for Mobile; Arlington, for Mobile; Rob
ort Palmer, for ApaachinOa
1t will be seen from the above that the Confed
Grated States OF America are already recognized
that the laws aud the tariff act are considered ant
regarded as meaning something It'will not b.
many weeks before we shall receive the same re
cognizanccs from tho,1iGerent nations Of Europe.
The arrivals from the West were not so laFg
yesterday. There is good quantity OF Westar
produce on The market 1t VAL all meet with read
sales aud prompt payments. There was ouly
+ moderate business going on at tbs Gaeclalnc depo
yesterday We learn that the yield Of sugar @
Louisiana for last year sums up 70 228, ,1j2 hhds
and 15,ll4GO0 gallons molns2cs. The yield 70
1853 was 22l $40 hhds., and coo gallons {
m0asses.
The mails from the North came through yo5tol
day. with dates from New York to the 28lh Of Eel
ruary. By private convoyances papers Of Frida
last from New York were received, and were to b
found at Ellis depot opposite the Po5!offce, :
an early hour lust evening.