The daily crescent. [volume] ([New Orleans, La.]) 1848-1851, 1851-06-03

whilst the returns arising from tho cAPoi t"oo "a
March and April, which are reported 70 be exten-
sive must no doubt bring foreign exchanges 70
position favorable to this country. Under these
circumstances, there is less anxiety manifested by
the commercial community respecting the move
meuts Of the Bank of England and the rate Of dis
count than previously, most parties feeling satisfied
that should the screw" be frightened, and the
rate of interest fixed at three and half per cent,
few weeks only would elapse until the present rate
would again be declared At present. bills Of short
date, with good endorsements, are easily discounted
at three per cent.
Several causes seem combined against the cotton
trade. Among these are large imports, increased
receipts at the shipping ports OF the United States,
and the rather dull and dscouraging aspect OF at
fairs in the manufacturing districts Of Lancashire.
The accounts by the America, which arrived here |
on Monday, advise US Of decline in the New York |
market to the extent Of half cent per pound, dur
ing the week ending April 20. On that day tee- |
graphic dispatch received at Boston, on the Both, |
states that the market had assumed somewhat |
firmer aspect, but without change in price. The |
receipts at the shipping ports WERE on the 2sth |
ult. 10000 bales in of those Of last year
the exports to Great Britain exceeded those Of |
1850, 239, 600 and the stock on hand and on ship
board, not cleared was 5000 bales less than at the
same time last 1t il usual with parties in
terested in the cotton trade the other side Of the
Atlantic to set etspecuations and conjectures, with.
out limit, afoat, respecting the coming crop"
Accordingly the first batch of the season reached
us per the Africa. There were rumors Of a kill
ing frost" in the Southern States together with
extensive damage done by "rains," foods" etc.
Probably repenting Of the extravaganza Of these
rumors," the Americas letters tell what the
greater part Of the public had put them down for
that they were fudge reports made up to order,
with the view OF raising prices here, and thus
enabling the holders of cotton in Liverpool to
fleece spnners, on preteIt of the approach Of
serious advance the price of all descriptions.
Wit once bought is worth twice taught" is an old
but incontrovertibe maxim, and we are glad to see
that our sagacious neghbors, the spinners of Man
chester and the surrounding localities, have fully
resolved to value these annual rumors and inter.
sected representations at their real worth Indeed
/ it is somewhat surprising that body Of men
| rying business involving such enormous
amount Of capital cotton manufacturers do, have
not, many years since, taken some steps to secure
themselves against the disposition Of the Amer
| leans to levy unwarrantable charges for their cot
| ton. The thing would be easily done. Establish
system of agents through all the cotton districts,
| whose business it would be to report weekly on
the state of the growing crops, and transmit them
| through correspondent at New York to an agent
here, who should compile and lthograph full
and true statement of the trade, and forward same
to every party who would subscribe to the expense.
By this means, the fraudulent designs of American
cotton growers would be thwarted, and the con-
sumer Informed of the real state of the trade so
that he could safely make his purchases that
he would not be done" and his pocket picked,
| as it has been Of thousands Of pounds every year.
as it has been for long time past.
The weather in the latter end of the week was
| rather unfavorable for the growing crops, much
rain having fallen, and the atmosphere being quite
1 cold and ungenia for this season of the year. 1t
has, however, been fine both yesterday and to-day,
| every thing that the farmer could desire towards
| forcing forward the young crops. We. now
less liable to be affected by the seasons than when
the laws were in operation; consequently, the
grain trade keeps exceedingly free from fuctuation
In the latter end of the past week there was more
than the usual demand for most articles, and hold
ers were enabled to obtain slightly advanced prices
for wheat, flour, oats oatmeal and Indian corn but
as large imports of -four to hand the past three
days the market is less active, and closed quietly
this evening at last weeks prices. 1t is somewhat
singular that any difficulty should exist in obtain
ing an accurate account OF the stocks OF breadstuffs
in this port. So long it exists, it holds out a
, temptation to spectators, who often burn their
| fingers in the trade. Surely plan could be
devised to correct the evil complained of; and
| although some of the factors may object to
letting the world know the real stocks on hand,
we are sure that they would benefit much as the
, public by giving such information. We hope
therefore, that ere long, periodical returns will be
made of trade that is extending no and more
| every day. Notwithstanding the determination o.
the Manchester school of politicians to grind down
s agriculture to the worst possible state, we glad
: to learn that the Chancellor of the Exchequer has
at last consented to take the Of the farmers
!. Great Britain into his consideration, and promised
n | that he will not tax them, if they show tina
they have not realized any profits. As our Yanke
neighbors would say, "we guess that will be al
easy task
ia Trade in the manufacturing districts cannot b
e good, if We attach any credit to the several re
ports which have reached US from various quarter
a of both Lancashire and Yorkshire. The producer
# of goods and yarns Manchester look gloomy, an
j. between a sluggish home demand, and the dis
tracing tenor of American accounts respectin
"a the cotton crop, etc., hardly know how to act. tt
keep stocks low is the only chance but this canno
well be done, unless by having recourse to shoI
time" and that would be serious drawback +
sr the triumphs of free trade, which was to elevat
Is the condition of the working classes afford ampl
!. mploymept, good wages, and plenty of food an
y | raiment This cheap.loaf question, it would ar
al pear has not yet had its full effect and few month
will elapse, should things exist as they are pre-:
o. ent, until the Leaguers themselves would :
le | glad of the imposition of 5s duty.
The market for public securities keeps exceed
| ingly steady, and we are gratified to learn thi
the settlement of the account has progressed favo
d. ably.
F. As regards railway shares, much depression h,
IN existed during the greater part OF the week; lit
business was done and the value of all the leadir
stocks, etc., declined TWO per cent. A rather be
ter feeling has existed since yesterday mornin
ng Rather more firmness was displayed in this NOR
to ing's market, and slightly improved prices we
a. established. but there was great want
orders. The Contangos % were material
in lighter than they have recently been, but ev,
this new feature produced no sensible improv
ment. The market closed this evening with gre
gh languor, but no change of moment taking place.
With regard to foreign and colonial produce,
us | may remark that pending the result of the lar
Ire public sales in London the demand for sugar he
has been nearly suspended, the transactions bel
confined to a small parcel of Jamaica at 27s to 3
vi Cd, and 25 hhds Demerara at 3Ss per cwt. [Liv
ley pool Courier, May IA.
California Gold Stolen in London.-On
as Thursday the West India Company's steam
Gu Great Western, arrived at Southampton, with 81
so Gle, bullion and gold dust, from Mexico, Califorl
" and the West Indies, worth nearly million of
,,, lars The whole Of this was dispatched to II
hi, don, in four wagons, by the luggage train, just
ian fore eight o'clock on Thursday night. The Wi
zee. ons the ordinary open ones, and the only c.
ering they had was tarpaulin, fastened at the s'
with cord. Two clerks and two messengers,
longing to the West India Company, went up
cot were to guard the wagons after they arrived
uy London, at two o'clock the next morning, ant
has see the gold and 81 ver safely lodged in the b
' y, | OF England. The wagons were roughly weig
IONS before they left Southampton on Thursday nif
and at six o'clock on Friday morning, preparati
bile, were made for unloading them The weight
per each OF them appeared to be the same, but on
this amining one of the wagons, three boxes, wh
,ave according to the manifest, contained gold {
worth sec, 500, about E530O, were missing.
hree consultation was held and an experiment trie
our to the practcabity of person getting under
eks tarpaulin and cord fastenings without cutting III
and it was found that person could get under
out again in four minutes There was no do
l. l hat Iar ,,l