New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-05-19
Talk on Change.

The chief talk yesterday in financial circles was
the dull state of the exchange market, though the
early part of the day devoted to those connected
with foreign commerce to the reading of the cor
respondence received by the Persia arrived at New
York. There are some ausons to the inundated
lands in some letters. AS regards these submerged
lands, we can at once assert that there is no proba
bllity whatever that any cotton will be raised on
them, and those parties who are writing letters to
Liverpool, which is done for no other purpose than
to influence that market, saying that the nundation
will not make a difference of over five thousand or
ten thousand bales, may be considered as being ex.
tremely hard up for basis of intelligence-in fact
we do not say are drawing on the man in the moon
for an argument, but they are making heavy draft
on imagination, admitting as we do that the damage
from overflow has been exaggerated, yet when folks
come to talking of only five or ten thousand bales
being the extent of reduction they are making as
serons directly at variance with truth at the same
time with the present prospects for the growing
crop and an average season through, there will be
a good supply of the staple for next season. Money
lenders and capitalists need not be alarmed. AL.
though year ago there was an immensty Of talk
about cold weather, bad stands, late season, vet
according to figures we have managed to get toll
market, somewhere about sixteen hundred thousand
bales and this community financially is the strongest
of the strong. Nevertheless we desire our Bear
friends to desst from their inquiries when the "last
bale will be in market. When it comes we will en-.
deavor to obtain good sample to send to the Man
chester Supply Association When the receipts reach
100000, we may perhaps look for the last bale
1t is certainly ready somewhere in the country Our
pfrya into Lat f,IIo
not send so much cotton to market in 1857 and ,5s
as they did in '56 and 57. We do not suppose they
can account for the excess, only that it was grown
However, it will be wanted.
We give in another column monthly circnlar Of
the Liverpool market, which reads encouragingy
or leads to the belief that for the present. the foreign
market may continue steady.
We received also by the Persia the following COM
municatiOn:
Cotton this week has rather price though no
There Is fseliug gaining ground that cotton with
eTo under oO present large consumption excessive
m6sy Gno ihis season go lower than I'd for
.Ss sos SsD ih Overflow Of the Mississippi much
According to the cyphering on Carondelet street
the increase in receipts at all the ports as made up
to yesterday will be Al 900 bales over last year !;
though some parties made larger we give the low
est as emanating from Bull and Bear.
Business shows the usual decline for the season on
our great thoroughfares Some little stir is obsery
able on the leyee incidental to the arrival of few
boats with produce, and some vessels from various
ports with cargoes.
The accounts from above of water are favorable
for steady decline we may however expect i'm
mense damage to arise from the Labranche crevasse
1t is hardly necessary to aude to science about COM
batting the Mississippi when it gets to going. The
crevasse at Gen. McHattons below Baton Rouge, was
considered pretty bad yet it was checked throtted
without the aid of Mr.. Science. and a good crop is
expected to be made this in the neghborhood