New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-05-26
4th @rIsans 4ailp Grsstsnt.
WEDNESDAY MORNING. MAY %, 1858.
Texas Intelligence.
The Galveston CIVILIAN. Of saturday last, says

The Galveston CIVILIAN, Of Saturday last, says:
We left the cotton market last week at stand,
under the effect Of the news from Europe, the Nerth
and New Orleans. The reaction has been but par
tial and the sales OF this week not believed TO
exceed eight hundred bales, at prices indicating
decline Of lc. per pound for MiddliDg III TO liz.
being the standard for that quality. The spring
business has been unusually prOtracted In this mar.
ket, and a part OF the languor OF the past week
is doubtless incident to the advanced period in the
season.
The news received night before last from abroad
will probably bave other effect than to steady our
market on present rates. while the advance reported
at Liverpool is scarcely than an equivalent for
the preceding depression at New York and New Or
leans.
Freghts, in the mean time, have advanced, and &c.
Is now conceded to vessels for New York. There
have been no engagements for Europe.
Exchange-New York, par at &c. premium sixty
days sight at II to per cent discount.
| Hides-A decline, II cents per lb.
The Houston Telegraph Of Friday last says:
Only 927 bales cotton have been received at Hous.
| ton the past week. The receipts Of the season now
up 50, ,2l4 bales Stock on hand May 18th, 1858
| bales. 81
| Owing to the storm, and consequent high waters
and interruption OF transportation from the 9th to
the 10th, there was very sensible depreciation OF
amount Of business done for few days. and trade
was more like July than May; the effects Of these in
terruptons are passing away, however, and business
Is again Frightening up, and very satisfactory trade
1 - utlnS cujO1cu dHdiu.
j The railroads are now doing good business The
Central road is running two trains per day. and bring
ing in about three hundred bales each day
The Galveston News OF Saturday has the following
paragraphs:
We learn from Mr.. Croft, OF Corsicana. who is now
in our city, that the wheat crop in Navarro and ad
joining counties, has all been harvested by this time
as they had commenced operations before he lef
home, some ten days ago. He says the crops in al
that upper region Of country will be very heavy
that enough wheat will be raised this year in Texa
to supply The whole State. In another year we shal
doubtless be able to supply the New Orleans marke
with new -four at least month earlier than it usua
reaches there mss
The San Antonio and Gulf railroad has been grade,
to Victoria, and the grade is being continued beyon
by about twenty hands, under the direction of Capt
Canfeld, OF the contractors, there being severn
contracts now taken, though this is the only one
which work is now being DONE The iron Is not ye
laid beyond the five miles heretofore noticed, and a
business is now rather dull, the not runnin
on those five miles.
The Goliad Express Of the sth, says that the gras
hoppers had all left that county and gone to the sea
and hears from the neighhorboods above that the
settled at night like swarm Of bees, but did n
mischief; and departed the next day.