The New Orleans crescent., 1869-03-27

Wheat in bulk to Liverpool, l0d. To
bacco to Liverpool 30s. y hhd.; Tobacco TO Lon
don S5s. y hid: Flour 70 Liverpool 50. Sd; .
Oh cake to Liverpool 30s032s. Sd. 3 ton. lsg
IMPoRrANr TO ToBAcCo DBALKRs.-ws publish
the following letter from Commissioners Hsrland.
ct Warrington, In relation to stamping tobacco,
which VIII prove Of interest to many Of our read
ers: ' wv y. - -. .H-
~. ,.irfa WASHINGTON, March 10, 1869.
Sa-In reply to your letter Of March 5th, In 70.
lation to stamping tobacco, In the hands OF deal.
ers. have to say that since the 18th ultimo all
smoking tobacco not packed and btamped with
tax paid stsmps, a. required BY the act Of July
expense Of the owner or holder before being sold
or offered for sale.
Especial No. 63.o to which You refer, related
only to the re-packing and re- inspecting Of snok.
ing. fine cut. chewing tobacco and snud prior to
those articles from liability to stamp after that
date. Very respectfully, fis
hrr THOMAS HARLASD, Deputy Commissioner.
SHORT TINE IN THE CorroN TRApE.-We re
produce In full the following careful article from
the Glasgow Weekly Mail upon subject which is
attracting q marked attention in England; and
which, in view of the decreased production Of
cotton, is becoming one of serious inquiry Ia this
coudtry: s.ad rattrlEs 4 ~ 1 --. q
The cotton manufacture appears to be In Q bad
way, between high priced raw material and low
priced cotton goods. The Manchester manufac.
tuyers, at great meeting of their body on Tues
day, resolved to try to set themselves right with
the cotton importers on the one hand and the
public, consumers on the other, by running their
machinery only three days week They hope by
essening the consumption of cotton to cheaper 1t,
and BY iessening production to raise the price Of
the manufactured article, and thus to kill two
birds with one stone. This strike against these
rival interests they propose shall continue, after
which they hope that the piece goods market will
show more favorable aspect than ct present for
them. c1H h snsfD afL r---,eT- q f.i--ar ..-,'f
; ltis not easy to see how this hope, under the
circumstances, can be realized. II we have regard
20 the home and foreign aspect Of the trade. The
cotton operatives and those of the working people
who indirectly depend on the cotton manufacture
form no inconside erabe fraction of the goods con.
sumiDg public. The reduction of the hours Of
factory labor to one-half, attended by Q CORES
will 30 far as they are concerned, extinguish all
demand Tor cotton goods 80 long as and for some
time after this short-time system may prevail.
The terror of short work propsgates itself into
other employment also, and Affects the feelings
Of the people, leading them to curta all personal
expenses 10 the utmost. On the other hand, it
seems highly probable In these days OF telegrsphy
that an avowsd purpose on the part of the British
manufacturers to reduce for period the consump-
ton Of raw cotton, in the hope of lowering its
Egypt and India. reducing them and checking
also at the same time the demand for cotton
goods from those countries. 1t may, In fact, turn
out that consequences the very reverse OF those
contemplated by the Manchester men may befall
the trade from the policy they have resolved to
pursue. ..f o. t.-a4r
Moreover. we cannot suppose that the French
and Belgian cotton manufacturers are inattentive
to what goes on In the trade in this country, and
an embargo laid upon it here will be equivalent to
frnus srloou uiu m fohp nd loo al i'm,
portarion of foreign cottons In successful compe.
ttion with our own. II is, In any view Of il, ex.
ceedingly ipjudicious to tsmper restricuvely with
Q great industry, as the effects never terminate
No doubt it is grievous thing for the manufac
turers to find that the increase in the price Of the
raw material should have the effect of transferring
all profit to the pockets lthe cotton importers,
leaving them now for two entire years to work at
positive loss. We should not forget, however,
that there has been prodigious extension of this
great industry since the American war. Many
new establishments have sprung up, and old ones
have enlarged their powers Of production. so that
the cotton manufacture OF the kingdom, esti-
mated by the number of spindlss at work, has in
creased some ten or twelve per cent.
One of the speakers at the Manchester meeting
complained that they had not now supply
which would enable them to use 81, 900 bales 9
week" The experience of the great year OF cot
ton import and manufacture, 1860, never rose
above As 900 bales week. The same speaker
remarked that in 1850 he could get higher
price for shirtings, with cotton at SD, than in
1867, with cotton at lld." II we take account OF
the diminished exports of the raw material from
America, and allow for the increase in the mean
time Of our imports from India and elsewhere, the
present comparative high price Of cotton, which
Is running away with the manufacturers profits,
must be set down to the increased competition for
the raw material among the manufacturers them
selves. We are now getting In the cotton crop Of
America for the year, and out of $50 7s9 bales re-
ceived at the American ports since September lst
not less than 900 bales have been sent TO this
country, against IS, 1913 bales during the same
period last year.
The cotton manufacturers Of the kingdom have
the consolation of knowing that the price Of the
raw material Is falling considerably, and that for
reasons which they have as yet had nothing to do
with originating. Any attempt OF theirs unduly
to expedite its descent is not likely to do much to
that end, any more than are their efforts to raise
by an artificial stimulus, the price of msnufac-
tnred goods. A suspicion seemed TO exist In the
Manchester meeting that neither the mauufac-
turers at the meeting, nor those avowedly sympa-
tbixng with its objects elsewhere, would loyalty
carry out the half time proposition. Some 7l2
answers In regard to 1t had been received BY the
Cotton Spinners Association, and 3l4 per cent. Of
those who replied agreed to act upon il " IL their
neighbors did the same" The case cannot be
very hard with people who stake what's supposed
to concern their own commercial well being so
very intimately upon such an alternative. About
oO per cent. were aireauy WORKING short time,
averaging Al days week-a condition consider.
ably more favorable to the operatives than the
three days. to which the resolution of the meeting
would have them restrict themselves. lAt
One thing notable IN this connection is the fact
that there Is no complaint OF Q want of demand for
cotton goods either athome or abroad. The ques-
ton turns on the price which at present and for
some time past has not been remunerstive. A fall
ing cotton market promises to meet to q consider
able extent the difficulty Of the case, and falling
food market should give the great working class
greater command over the means Of buying textile
stufs. The conjunction Of these several tenden-
cies should favor the result aimed ct by the manu-
facturers, and We rejoice at it, for 1t never can be
for the interest Of the community any more than
of the manufacturers that the latter should run
their machinery on any other condition than at
reasonable profit. ~ .n1 tt,f
3 Cattle Marhss. II.IIL
CrY JxYYERsoH. March Z, 1859.
Arrived during the past week-1633 Texas