The southern press. [volume] (Washington [D.C.]) 1850-1852, 1851-05-31

evidently inevitable and one great cause OF
the rapid decline in our market, indeed the prin-
cipal, must be attributed to the orders received
from the shippers Of cotton il the United
States to sell irrespective of price, but Of coure,
expecting, nn such orders were giyen,to OBJ
tain I'D e il per pound above our .present
rates. The practical effects Of which was. that,
with perhaps 10000 bales daily on sale, and only
a demand for 5000 to 1000, 1t followed as
matter OF course, that almost each sale was at
a decline upon the preceding one, as the reduc-
ton in price, 20 far from inducing buyer to
take large quantity, almost invariably had
contrary effect The market has at length taken
turn There are plenty of buyers, and no
longer an impotence to SELL Prices of Amer.
can descriptions, however, are still I'd per ID.
lower than quoted in OUT last circular, although
there is recovery of I'd per ID upon sales made
Monday and Tuesday last. 18th May closing
prices Upland middlng std sgd; fair, Sd
Sid; Mobile middling. sgd; fair, Gid; New
Orleans middiing, Sid; fair, Gid.
CoxcREss OF EUROPEAN SovEREIGss.-The
Berlin correspondent of the London Netos says
You are already informed that the King Of
Prussia il to meet the Emperor Of Austria on
the 18th. To this interview is at ached the
moro political Importance, as can now further
inform you that, on the 23d or oath the Emperor
of Austria Is to have an interview with the En-
peror of Russia at Craccow-that Russia, Aus
tfa, and Prussia Russia is properly here in
cluded) will act as one man at the Diet, may be
pretty clearly foreseen. 1t will not be German
affairs SO much as European affairs that will be
really before that assembly and Russia, though
not nominally belonging to it. will have much
more to say than the smaller German states. 1t
il to be recolIected too that Prussia is no longer
to be numbered among liberal states, or even
states ofs liberal tendency, but is inclined pro-
badly to 20 further in the suppression of pro-
gress-whch she calls revoluton--than even
Austria The triad then Of the great northern
powers. headed by Russia, will deliberate really
at Frankfort. on one subject only, viz, the most
effective means of extinguishing civil liberty all
over the world.
The plan for carrying out Austrian projects
have been. am positively assured fully agreed
upon and matured at Vienna and Munich. Wir-
temberg, Saxony, and the other states adhering
to Austria, have been already informed of these
plans. At frat, the prime object will not be 80
much the annexation of the non-German States
as the formation ola strong executive. Austria
also insists that Bavaria shall have part in the
executive, which will really give the sole power,
on all occasions when Prussia may be dissent
ient to Austria. In order to attain this point,
a. also that of the incorporation, tits a matter
of the first and last importance to the cabinet
Of Vienna that the unanimous voting should
give place to a majority. But, to deprive the
small states of their veto would be to deprive
them Of political existence, and to extinguish
one ofthe few remaining hopes of Germany.