New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-07-21
Talk ON ,Chamge.

There were some gatherings yesterday and some
talk Early in the day the shady sides Of the streets
were thronged and the shopping going on among the
retailers and fancy traders did not indicate any great
| stagnancy. Towards noon it was announced thatthe
North Star, from Southampton and Hayre, with Lv.
erpool dates to the 7th inst, had arrived at New
York. The quotations for cotton are favorable, Mid
ding Orleans being quoted at 3I6, with sales on
the 9Th and 9Th Of IS 600 bales This is encouraging
| Yet we want few more advances of an eighth to
bring shipments out and to cover the present price
of middngs in this market say 10 cents, there must
be an advance to I'D We must, however, wait and
know the results Of Manchester movements, when
they find that they are likely to receive, in Great
Britain, nearly nineteen hundred thousand bales of
the crop Of 1857.
The most important intelligence brought by the
North Star is the return of the u S. steamer Niagara
and consort to England from the unsuccessful endea-
vor Of assisting to lay the great Atlantic Submarine
Telegraph, This is no more than was expected Over
two millions and half of dollars are lost in this nm
dertakiDg We think this is the end of the matter for
the present. We are receiving intelligence with suf
ieient speed from Europe There are nine lines Of
steamers plying between the United States and
Europe all centering at New York, giving tri-
weekly communication. Bat this is not fast enough
for nuncs they desire news every hour in the
day, even fit cost one dollar per word though one
word through cyphers might be made to answer for
line more The talk is that an ordinary telegraph
dispatch, costing ten to twenty dollars, would not
pay It might absorb the profits on good many
bales of cotton to pay for dspatches-that is, when
profits would be realized. The cable being under
control Of the British Government at each terminus
or would have been the advantages to this country
might be greatly doubted. Fortunately our treasury
was reduced so low that Congress could not make
any appropriation in aid Of the undertaking.
There was some business going on at the steam.
boat landings yesterday. Western produce is arriv-
ing daily and beats are still reported to be on the
way hither. This will keep stocks of -four, corn,
oats and other truck full Orders for any part Of the
world can be executed at this time, with the same
ease and advantage as in the most active season Of
the year.
There was no rain yesterday. The river from
Yicksburg to the mouth is not falling with the rap
idity anticipated. Thewater through the Labranche
erevasse is spreading down in Lafourohe and it ia inn
possible to estimate the extent of the damage From
information before us and the general talk, we may
place the losses at this moment at 10000 hhds. of
sugar promising that the crop throughout the State
proves as large as it now promises. There are some
few hundred hhds of the last years crop yet on the
plantations. There were very few bales Of cotton re-
eeiyed yesterday.
The Northern mails came through by both routes,
butour dates from New York are only Of Wednesday,
the l4th inst.