New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-06-11
VOLUME XII.
Mem Otltans 4ailp 6restert.
SATURDAY MORNING, JUNE II, 1859.
TALK ON ,CHANGE.

1t was very quiet yesterday, not only on Caronde'
let street, but other prominent localities partook OF
the stagnancy of the season. There is very little for
the war accounts to operate on, unless it is the Mis-
sssippi river. The stock of cotton is reduced low
Sugar and moasses are declining in quantity in fact,
the gimet rangers went into quarters several
days since. There are few hogsheads of sugar and
some barrels of moasses at the depot awaiting buyers
The European accounts in regard to sugar not
favorable, and with the large stock in Cuba, prices
cannot greatly advance-so those sugar planters who
thought they had causes for complaint, have no
grounds to charge factors and traders with compile
ty The sugar trade this season ii turning out st
dsastrously for shippers. The New York, Boston,
Portland and Philadelphia dealers are sustaining
large losses in their operations Western dealers will
make something. The talk is, that there will be no
advantages realized by holding on to sugar in the
sugar-house or stored in the city; so with cotton,
holding for advance or for Is cents-w not pay
this season under insurance.
The receipts OF cotton this week have fallen off
largely. There is no change in the estimates Of
$500 900 bales as the crop Of 1858. Memphis per-
forms an important part Of the cotton trade Of the
Mississippi river. The following ia the statement
furnished of the receipts and shipments for this
year:
Received during the ls June, 055
Shipped as follows:
To New Orleans ds,28
Up The Ohio 5ss
- 324s4O
Stock on hand lst 1886
The shipments for the same time in 1858 were
22l ,533 bales.
It will be duly noted by the close observers of crop
estimates that there have been shipped upward, in
stead of downward, 81 ,ll5 bales, which is not
sdered in the general receipts at the ports unless 1T
is ascertained that it was received at New York. Bos
ton, Philadelphia. Suppose all the cotton received
at Memphis had been shipped up the river, there
would have been great difference in the figures.
Unless there more large fires, the receipts will
reach this day week 3,6ls 900 bales at the ports.
The talk is, how will the Georgia Banks and Insur
ance Companies come out in regard to the losses by
the recent fire in Columbus?
The European mails by the America were received
yesterday The private correspondence does not read
hopefully. Money realiZable in London on favor
able terms as regards the political views, it is useless
to refer to them, for we reiterate our opinion,
that no one can tell what day, week, or a month
will bring forth. If there any favorable ndica-
ton, it is all annued by the latest accounts brought
/
will not interfere with our community for the pres
sent. The results have been in great measure dis
counted continuance of war, with all Europe in
voved will be another affair altogether, particularly
if it is for heightened time.
The managers of tn Tehnantepec Company have
chartered the steamer W. H. Webb to take the ma il
hence for Minatitlan, to leave on tomorrow. The
talk is that the mail contract may be saved
We understand that arrangements are on foot fol
the purchase of the Mexican Gulf Railroad and its
franchises, with the view of making it first class
road in every respect and of continuing it to Nine
Mile Bayou Parties, entirely responsible are inter
esed in the enterprise, and we hope it will succeed
1t would prove great public convenience and utility
and would lie certain to be remunerative investment
1t is unnecessary to dlate the advantages of hav
ing direct communication with the Gulf of Mexico
by railway, to connect with the shore suburbs il
three or four hours time.