New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-06-26
Business.

The storm Of wind and rain, which commenced on
Tuesday afternoon, still continued at late hour last
night. There has been great interruption to what
little business was going onthat little was, however,
large for the season of the year. We learn that the
storm Of considerable severity on the sea shore
yesterday, with some damage to wharves and gardens
Also the line of the Opelousas Railroad its effects
were felt Though rain was much needed, there will
be complaints of too much il the present weather
continues much longer.
The balance of the European mails by the Europa,
which received yesterday give US to understand
that heavy losses will be the footing up of sales
of dirty sandy trashy cotton Some of this descrip
ton was wholly unsaleable in Liverpool at 43d and
even lower, while sales Of Mddling Fair have been
returned at SD, which pays very well. We expect
to learn of heavy losses the low grades of cotton.
The late pickings of last fall have proved unusually
sandy and neglected. the bales reaching great weight,
and we expect to hear of further complaints and
large losses on all the low grades of cotton.
We take the following from late Liverpool paper:
We reach this week the point Of the heaviest stock
of American cotton OF the year, say 100000 bales,
against, last year. $4,000 bales the 18th August
while the import between May 80 and December 81,
more than half that quantity say 100000 bales,
average of $4,000 bales per week. The quantity at
sea now is 10000 bales and the few shipments
making in the United. States for this country costs
sgd to SID per h. for Middling quality or ID per Id.
above current prices More vessels are loading in
the cotton ports for the continent and foreign markets
than for Liverpool, so we shall not even get a fair
share of the limited quantity left on hand. By work
ing short time, the price of the manufactured article
will soon be raised, TO allow importers to obtain
fair remunerating prices for their cotton 1t must not
be forgotten that next season much higher prices will
most probably have to be paid in the United States
as so far the accounts of the growing crop worse
than ever before known. The warning last year was
disregarded, and the early estimates advocated in
your paper of three millions of bales for the crop
laughed at. Generally the crop has been in bloom
early in June, when to expect it this year cannot
say, as, at last dates, many planters just re-
planting.
OF course, the question of the quantity of last
loses all interest the advances. All thoughts
are now turned to the growing crop, and every bios
som will be considered phenomenon, and heraldet
| by telegraph. We hardly know to what length o
ecstasy and delirum long crop estimators would 60
bale of this seasons cotton should be received b,
the middle of August.
4 The next Intelligence from Liverpool will probabl,
be by the Canadian line screw steamer Indian, due a
Quebec on Monday next with dates of the 18th inst
4 The next Of the Cunard line will be the Niagara
the Goth inst, due at Halifax, to be followed by tn
| Columbia of the Collins line on the oath inst.
In another column will be found the estimate
quantity of brown sugar on hand on the first of thi
month in the cities of Boston, New York. Philadelphia
and Baltimore. 49,.