New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-05-13
VOLUME XII.
Neh 0rleans 4ailg Crescent.
TALK ON 'oHANGE.

Nothing of an important character turned up yes
terday. The weather brought out few remarks,
with preference being given for the shady side OF
Carondelet street. 1t must not be inferred that opera
tors were disposed to keep in the shade The Bears
were on the street, though II rather warm for the
big coats particularly when talking Of and 10 cts.
for Middling cotton. The private dispatches from
New York, dated subsequent to the arrival of the
Persia, are decidedly OF blue nature. They must
however, have been forwarded under the expectation
of great panic and real collapse in cotton as orders
are at hand limiting the price of Middpg at some
thing like Sd, Liverpool cost and freight. Possibly
and no doubt, these orders forwarded under the
impression that our market would be paniczed.
The most important movement yesterday was the
great advance in New York funds which had no real
foundation, and if they continue to advance, our
banking institutions must look out for the contents
Of their vaults. The further talk was, what creates
this upward tendency, or what causes advance in
thrty-six hours of nearly so per cent? Were there
any more reasons than the decline in Liverpool on
cotton of 3D. in three days?
The Niagara's mails came through yesterday. The
private correspondence does not read at all paatable
for cotton route Some letters read of more than
ordinary vibrations in the market. or course, we
may expect to hear of the Manchester spnners cry
ing out coup d'etat in the cotton market. We give
below letter from one Of our correspondents.
The further talk was highly encouraging OF the
rivers. The Mississippi latterly turbulent, is becom
ing docile The great rise which is reported by tele
graph as having taken place way up somewhere
towards the lake in the woods will be down this way
in about month, provided it does not run off, The
talk is that with good weather and proper care
which means constant watching the residents on the
lower Mississippi will escape inundation It is salts
factorily ascertained that many of the breaks have
occurred through neglect and delay in repairing the
leyees The creyasse at the Raceand estate will it
is hoped be closed in two three days. The weather
favors the work, and measures in course of being
carried out. The great crevasse on the Labranche
estate occurred last year on the 18th of May The
talk is, that we may soon have the satisfaction of
noting the resumption direct of the running of the
Opflousas Railroad trains.
There was some talk of the patent press for screw
ing down and packing cotton. In some respects the
hard and close pressing at the plantations previous
to shipment is not regarded with favor by our cotton
brokers, rs they talk that with closely pressed or
packed bale contemplated to obyiate the repressng
here, will prevent the usual samples from being
drawn from the bale. There is something in this.
Per Niagara LlyERPocIq april %. 1859.
The accounts from the continent inevitably
to bode war between Austria and France, in which,
no doubt, all the continental powers will have to take
part; and most probably Great Britain will sooner or
later be embroled. Such war, Objectionable as it
must be, will not prove disadvantageous to the
United States. On the contrary, it will be much
benefited by it in our carrying trade ETC.. and by
enhanced value of provisions of all kinds As re-
CARDS cotton the full effect of war has already been
discounted But for fear of this war prices for Mid
ding would have this been fully 3d. It is fortu-
nate for the American cotton interest that this war;
if it does occur, should take place at this period
when the cotton crop is almost entirely disposed Of
and so long period before the next crop can arrive
here.