New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-05-20
Nsh @rltans Bully Grssftnt.
TALK ON CHANGE.


The talk yesterday was on the purchases Of cotton
on Wednesday, which were continued until the ca.
NADIA was announced Some people begin to think
that there has been more excitement and sensitive
ness than the tenor of the intelligence which has
been received would warrant. The attempt to create
panic on our flags will signally fail Weak holders
Of stocks sell out, and facilitate the Bear move
ment, which is attempted to be carried out. The
talk is, that half dozen brokers running about town
to sell the same stock, and then other brokers hav.
ing fifty shares of different stock on sale calling
here and there to effect sales, make splendid
assemblage for tea party and better mode to get
up quasi panic could not well be devised. 1t is,
however, gratifying to observe that the running and
imaginary views which current in the early part
OF the week are wearing away and reason, which ap-
peared to be wayering, is resuming its empire.
The Canada's accounts do not amount to much.
The telegraph companies are reaping splendid har
vest and we shall be favored with an endless guam
tity of dispatches and words which will be of
sental service whatever. However, as business is
declining to the standard Of the season, after
seven months unexampled activity and immense
extent the balance of the season can be devoted by
those whose avocations are suspended for the time
being to watching the telegraph wires. There will
be almost daily arrivals from Europe for MONTHS
and the opinion is that telegraph stock will improve
in value provided the Bears do not press on too
| hard.
After all the great hubbub there was considerable
inquiry for cotton Wednesday, and up to the hour
of the arrival of the Canada. The quotations re-
ported by her are GID. for Middng, which makes the
decline for the week 3D. and I'd. for the two weeks
| following the 23d April. There was also dispatch
| received Mt nf Tho 70 of
large banking houses for nearly ten millions OF dol
lars Well, there may have been failure of this i'm.
portance and there may not. The announcement,
however, will cause rally the part of the Bears
and panicmakers will gloat. 1t will be reasonable
and prudent to wait further advices. First impres.
sions of these multifarious dispatches have often to
be abandoned We have received the first effect of
hosties, and our community need not be alarmed
nor frightened at what is to follow.
We have only very light stock of cotton on hand
remaining out of the large yield, say lag 900 bales
against 2ss.0oG same time last year-a little over
one-half, of which the quantity on sale is very
limited but be it more or less it can be held for
more stable period
| The further advices by the Canada give decline
in -four and provisions The talk is there have been
| some crazy purchases in New York and some of the
Western cities of -four, beef and pork, based on
| great demand for the European markets. As a
sequel to all these speculative actions it is announced
that there is great deficiency in the crop of pea
nuts in Africa the result Of last years growth being
only 5000 tuns or 100000 bushels against IA 900 tuna
the year previous. Spectators have swept the mar.
kets in Goree and Senegal, with equal prospects OF
realizing as large profits spectators in this coun
try in flour at s7l@ss2 per barrel, pork at sl73
SlS3 per barrel. Sales Of wheat have been made in
New York at 81 so8S2 o5 per busheI. Will those
prices leave margin? The talk is, they will not
There will be very little grain, flour provisions re
quired In Europe before next autumn, and it is i'm
polite to force famine prices consumers at home
| at this moment.
The next steamers from Liverpool will be the CITY
of Baltimore for New York the North American fol
Quebec, and the Vanderbilt for New YORK. All o.
ii e llth inst.