New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-05-18
geh @rItzns 4ailp Grssfeut
TALK ON CHANGE.


TALK ON CHANGE.
80
Thereisa great falling off in the usual congregations
on the several of Carondelet street aad env
rons. The Bears and Bulls the cotton arena have
concluded to come to an armistice and await the re-
suits Of the war crisis. Hundreds Of operators have
taken Their departure as usual, at this season. The
tobacco traders are, however, on the flags, and
prepared to aid in moving the weed and there would
be buyers Of the staple at below ten cents for Mid
ding so the buyers talk Factors have not yet con.
cluded to recede to these figures and the market is
inert and, apparently, will remain SO for the present
The Persias mails were received yesterday From pri.
vate correspondence and the public journals we infer
that they are most canoundedy alarmed or frightened
in England. Unqeestionably, England has been sub.
ect to considerable deuson in regard to the designs of
France. As political affairs form more than ordinary
share of the t&lk, we insert the following extract
forwarded us, presumed to have come by the Persia
Lombardo-Venetiaa railway stock, the most pro.
missing Investment ia Europe, as regards its profits,
actual and prospective and which was recently at 80
get prem. has been sold at so 3ct dis. Altogether,
the depreciation in the funded and share securities
held by British investors within the past three days
may be estimated as at least equal to $500 600 0O
American securities have Of course shared in the gen.
eral downfall although their eventual prospects must
be improved by all that is threatening. Illinois
Central are quoted at 45 discount.
All this fearfal aggravation has been caused by an
announcement that treaties have been detected be.
tween Russia and France for joint execution of the
aggressive plans of the Emperor Napoleon. Two of
these documents are believed to be in existence
dated considerable time back, in which Russia en-.
cages to support France by an army and fleet of OBJ
servation against Austria, and another, which was
completed only last week, by which Russia engages
to declare war against Austria within fifteen days
from the commencement of any attack upon Sardinia.
The discovery Is said to have been made by the
bribery which, with regard to diplomatic g secrets !"
is rarely known to fail The rumor is that it was OBJ.
tained by the Vienna Cabinet at cost of 800 600,
and that the price is considered to be extremely ow
Well, we think 500 600 was really cheap to pay
for the information that Russia and France had
formed an alliance that is just about oneth of the
amount that it cost England and the allies to gain the
battle of Waterloo. Gold alone caused Grouchy de.
lay in that battle. OF course, talk of the CONT
mental war in ISIS comes up on our flags occasion.
ally.
Notwithstanding the advices by the Persia read
rather gloomy it must be remembered that they were
forwarded on the spur Of the moment when many
were under great excitement, and good share eyi-
IDENTIFY frightened out of their senses. 1t must be re-
membered that large portion of those now engaged
in commercial and financial pursuits, were not in exis.
tence in the memorable era composing the first fis-
teen years Of the present century and of course can
not realize tue occurrences that are now transpirinc
in Earope.
There was some talk of the forty failures on the
London Stock Exchange. Well, our opinion is, if
only the report Of feeling of war or smell of pow
der should cause forty failures, it will be difficult to
say how many failures will take place when the bel.
ligerens actually begin to pass ceremonies with now.
der and ball. There must be many yery weak bro.
kers and traders on the London Exchange and the
Liverpool flags, and, perhaps, the financial and com.
nlercial world would be purified il MANY more were
to suspend.
In the meantime these reported failures and sus.
pensions do not affect the New Orleans Change and
Talk.
The weather and business are assuming the usual
standard on our fags but our talk is heightened by
the many intricate questions which arise on the ar
rival of every Trans Atlantic steamer So much talk
and thought given to the great events now going
on in Europe that our great King Cotton appears to
be wholly neglected. and the great question of guam
tity and receipts, which has been paramount in all
talk through the season, is now absorbed by the
mighty Trans Atlantic Changes Nevertheless, we
can say that the receipts at all the ports in the Uni
ted States now foot up 554 500 bales which releases
all wagers on $3.50 ,G00 Moreover, all wagers up
to 3,625,0o0 may as we'll be given up as in addition
to the receipts at all the ports there are to be added
as follows:
Shipped from Memphis up Ohio river bales "a 75s
shtppea from Memphis 10 ST. Louis. "a 005
Atths sssperts o..s received Es5ss 5ss
Total bales G32 26s
At the inland ports at the latest dates, including
Selma, to the 10th inst. Columbus, Ga, Montgom.
cry on the 10th and ilth, Macon on the 3d., Au-
gusta, Ca, Houston, Texas, on the 10th, eighty
nine thousand six hundred bales, and there are ac
counted for the great quantity of 1921 ,se3 bales
with the reserve of $4,000 bales is to be brought into
action before the close of the season. Our predic
tloas and estimates of November last, and our enquiry
in the early part of January, who were afraid Of 8
100000 bales are now answered by figures and
results.