New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-05-26
4eh 0rltzus Bully Grest.nt.
TALK ON 'oHANGE.


Matters and things appertaining to general trade
closed with our last talk satisfactorily. Yesterday
opened hopefully, but the telegraph wires, the in
telligence over them, placed veto the cheerful
attitude prevailing with regret and sorrow de-
picted on many countenances at the purport of the
dispatches from New York, announcing the suspen-
sion of payment Of the eminent commercial firm Of
Hargous Il Brother, who were largely concerned in
the Louisiana Tehuantepec~G Company, and the sus-
pension has, Of COURSE to 60 to the debt of the
pany. As many Of our influential citizens are more
or less interested, and the prosecution Of most i'm
portant undertaking more or less involved in this
commercial catastrophe it is best not to come to
hasty conclusions regarding the extent thereof, but
await the receipt of intelligence by mail. There
were also other failures talked of on the street. but
those who were most deeply interested seemed to
take the Hargous disaster with the greatest forbear
ance, indulging in hopes that all will yet be well.
The further talk was of the delay in the receipt Of
the expected European advices by the Asia. Well,
the Asia was possibly prevented from being boarded
off Cape Race by fog or bad weather. It does not
make much difference about the delay, as it is well
known, or rather presumed, what the accounts will
be- In the meantime the talk is, that this Cape Race
project offers the most superior advantages to those
shrewdness and sagacity realize two days in advance
OF any steamer at Boston or New York. 1t is not
forgotten, we suppose many years since, how the
mails and boats carrying the mails were antci-
pated between here and Mobile, giving spectators
an opportunity to sweep the market between the
time the mails arrived at Port Pontchartran and the
delivery of the through the Post Office, allow.
ing operators start Of from two to five hours Ad.
vantages of this kind are not susceptible inland at
this time
The good feeling in regard to cotton which was
evinced on Monday and Tuesday, prevailed yester.
day. The NewYork Bull, General Wright, who COM
menced last October with the most bearish propensi
ties speaks in his last circular for the European mar
ket as follows:
The accounts to 4th May from London are consid.
cred more satisfactory, politically as far as Great
Britain is concerned and will in great measure pre-
vent any serious decline on this side, the impress
sion is strong that should England be enabled to
maintain strict neutrality in the Continental i'm.
brogo, she will need large supplies of the raw mate
rial to supply the extensive demand for cotton manu-
lures which cannot with certainty be supplied by any
| other country.
| In this market, during the week, we have had no
regular business, and prices still unsettled. We
know, however that some sales have been made
which have not been reported, and at prices which
have not transpirtd d. The quotations merely repre-.
sent the nominal state of the market, with one or
two sales for cash down. at something less. Our ex.
port buyers are not doing mnch in the uncertainty
which still hangs over the political horizon of Europe;
our domestic buyers taking only small parcels for
actual wants; the chief business done has therefore
been on speculation for disposition at future day.
Holders not disposed to force sales believing we
have in great degree discounted the effect as far
as known, OF the disturbed state of Europe.
| The very remarkable trait recently adopted by
| General Wright peryades his last circular He does
not lisp word about the 3,l50,OOO and $3.50 900
bales of last October noro the 335oO to 500 900
bales at later perod nor does the General whisper
syllable of the 3,s5O0OO or S,75O,OOO, or the ex
pected figures of 900. Yea General the weekly
amount arriving at the Gulf ports is quite small
but as small as they are, if they continue at the sam
ratio for eight weeks to come, the Mancheste
Cotton Supply Association can dissolve and trust t,
the great Southwest of the United States for full
supply of the staple as from present prospects, WI
think we shall be able to furnish Mr.. Bull next season
with good crop, the price for which our factors will
take into consideration next October. 1t is fondl,
hoped that all bills running to maturity will b,
protected though at losses inevitable to some parties
The mails due yesterday by both routes CANT
| through. The Canada's mails will be due this morn
ing The Asia, of course, is expected at New Yorb
this morning. The next steamer direct from Liver
pool following the Asia, will be the Hungarian of h
| 18th for Quebec. The North German Lloyd steame
New York was to leave Southampton on the 18th
These German and Dutch steamers are not to b
| laughed at; they make good passages.