The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1869-03-24
Commercial s5nteuigenre.
Cnxscssv ovrIcs, No. ~ OAHY szznHs, /,
Tuesday Evening. March %. 1853.

Tuesday Evening March 3. 1853. J
REVIEW OF TIE MAaKETs.-There Is no marked
alteration OF any kind TO refer to in general whole
sale and jobbing trade Of the city. Operations in
the leading staple since our last have disclosed
decided improvement. Tobacco has been in good
supply and fair request ct previous prices. Sugar
and Mo,asses have been more active at figures in-
clining in favor Of holders. Flour has declined
owing to increased receipts and diminished de-
mand. Corn, though In good supply. has been &C
tive at previous rates. Oats were in good in
curry bat prices have gone down under larger ar
rivals. hay has ruled steady, while Pork has been
moderately active at improved figures. Bacon
has ruled frmer though Inactive, and Lard has
been dull and depressed. Currency continues
abundant. Foreign Exchange is firm and steady,
and Domestic Exchange is still at the opening
WHY COTToN is ALMOST AT STAND SruL.-
We have heretofore had frequent occasion to
notice the efforts Of interested parties 10 de-
press the cotton market. The plans usually
resorted to were confined, however, TO the
forwarding Of kilograms to other points exhib.
ting heavy receipts, large crop estimates and
prophecies of low prices. Most OF those re-
ferred to were doubtless prepared with an
honest intention nevertheless, aud however much
parties at Q distance may have been misled, and
the calculations of their friends rendered inaccu-
rate the errors could hardly have been attributed
to unworthy motives. In acase which has recently
been brought 20 our notice, however, there y .
marked evidence of ofiicious intermeddng which
should not be allowed to pass unrebuked. The
United States minister at the court OF 81. James,
notwithstanding bis failure to satisfactorily adjust
existing rnisundssstAndipgs between the two ooun'
tries, has avsiled Of every opportunity to con-
vince John Bull of his especial desire to preserve
the peace and to promote the happiness OF AL OF
Mr. BULBS subjects. After having tried in vain to
cajole the working classes, however, he has OF
late experimental upon the manufacturers OF
Manchester, assuring them that Uncle Sam can
furnish the balance Of mankind with an abund'
apce of the feecy staple-allsying their appre.
tensions az to short supplies and high prices, and
ntimatng that we have not yet got fairly into the
work of cotton production. But that we may do
the gentleman no intentional injustice, we would
quote as follows from the Manchester Cotton Sup
ply Reporter of the LIST inst:
ssNothing could be more welcome and cheering
TO the spinpers and manufacturers at the Man
chester Exchange on Friday last than the EN-
phatic assurance given by the American minister
Mr.. Reverdy johnson, Of an ample supply OF cot
ton. and that within Q comparatively limited
period. At the Town Hall, on the previous day
when referring TO the suffering caused By the
scarcity Of cotton his language was still more pre-
that the present deficiency viii soon give place Il
supplies greater than ever. and that In couple o.
wears or so, instead Of four or five millions, Man
| chester may have to rejoice In six or seven mil
| lions Of bales. This when free labor comes 70 81
properly developed and organized, Il what We ar
iold to expect from the United States alone. ire
spective OF the supplies from India, Egypt, Brazil
and other countries. We shall doubuess then, a
Mr.. johnson says, be able to clothe the world
This il gratifying prospect and one that We hop'
may be realized. II, however, the distinguished
visitor shall prove to have been too ssnguins 70 y,
son for dependency with respect 70 our fufnr'
| eupplies Of cotton.
SshsuId there be, O. ia possible, less rapid AM
! extensive production OF cotton In America ma