New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-05-27
Nem 0rIeans Bully Crescent.
TALK ON 'cHANGE.


The shady side OF Carondelet street was we'll
thronged yesterday forenoon before the sun attained
its zenith. The street has lost none Of the activity
and talk which have prevailed for months past,
though there the stock of the staple is being fast re-
duced. The affairs Of the Louisiana Tehuantepec
Company formed the chief topic for comment. The
opinion is strong and universal that it will be last
ing and eternal disgrace to New Orleans that this
Company should pass into other hands, the only out
side undertaking that would be of benefit to our
citys prosperity. The raltry of half million of
dollars would have relieved the Company. The sub.
scriptons to the capital stock ought to have been
sufficient to have carried the association through the
first year. However, the opinion prevails that the
affairs of the Company are not in so stratened cir
cumstances as was at first supposed that hasty
clusions have been arrived at Moreover the talk is
that OF our large exchange Dealers who is largely
interested in the bills drawn on New York, and who
was in New York on the day the drawees suspended,
on bis way to Europe did not not think the case Of
sufficient importance to detan him and proceeded on
his tour by the Persia on Wednesday; consequently,
there are grounds for believing that the mail I'D vices
may place the situation of affairs in more satsfac
tory light.
Towards meridian the arrival OF the Asia from
Liverpool with dates to the 14th inst, was announc
ed on the street. giving some variation in the
kets. Cotton had declined from the advance reported
by the City OF Baltimore. Middling Orleans was
quoted at &C. against gid. Saturday the 7th, the
week previous. They had. however, advices OF large
shipments at sea, say 4s3,o0O bales Of all kinds
against 10000 bales same time last year. The ad-
vices from Manchester were reported unfavorable.
To what extent this may be construed, it is difficult
to divine. As regards the quotations for breadstus
and provisions though higher than the last advjces-
that is, about twelve cents per hundred -four, and
corn five to ten cents per hundred-they are i'm
measurab'y below the asking rates in this market
For instance, the best of St. Louis flour is quoted at
81 60 per BARREL and with the usual line of charges,
q shipment from here would come out with Flemish
balances. The kind of -four is held in our mar
ket at this time at s. to IS Is and So 34 per barrel
1t will soon be discovered that spectators in the
West who became excited last week on the Cana.
das telegraphic advices, will feel the effects of rash
and hasty movements
The Canadas mails were received today. The
correspondence reads about as expected. We recev-
ed the following:
Per CnnaiaJ LIVERPOOL, May !, 1859.
The is the all engrosng subec, nst Tha Thund
eer" last week published article that said have
been unounded of treay between France Russia and Dem
mark which played work with the Stock Exchange
fortunes were instantly sunk and than fifty failures
ed Ths condemn on of the Times has been justly very severe
| not only in London but through the country.
Enclosed you have cotton crcuarshe decline caused
fully Id D from highest point fe weeks rg,
Unless the becomes general and Great Britain joins the
fray look for in prices for the staple pre-
almost entirely disposed Of md 1t
months before of the crop grown
| be received.
The from London this morning indicate a ,vsry
| from the grand scare
|
| AS England has in effect declared her neutrality in
| the present state of European affairs it is hoped
there will be no more scares in London and Liver
pool, and forty fifty stock jobbers frightened into
suspension in one day.
There were several arrivals yesterday of steamboats,
with Western produce with cotton, some tobac.
co, with little sugar and molasses sufficient to keep
up some show Of business on the landing, fully as
much as in former years at this time. The receipts
of cotton dwindlng to hundreds of bales per day
| There are some few thousands Of bales detained by
low water in upper Red river, which may not reach
market this season. though there may be June rise
which may assist navigation above Shreveport. We
find that there have been destroyed by fire 1915 bales
and sunk or lost by boats being snagged 1860 bales
making 1915 bales, which, it is supposed, will not be
allowed to be considered as 30 much received though
paid for by underwriters.
| We have no space for further talk at this momen
in fact, the thermometer is approaching too near
80 to talk rapidly.
The mails were received by both routes yesterday.
The Hungarian the Quebec steamer, ought to be
heard of tomorrow evening. In the meantime, the
talk is that it is best to "keep cool, Emperor Ma
poleou and Francis Joseph having approached sufi.
cienty to each other to knock the chip off the
shoulder.
|