New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-05-12
VOLUME XII.
Neh 0rleans Bully Grtstsut.
TALK ON CHANGE.

GIRW WIlRaWS 1bAllg WlESIEA4.
TALK ON CHANGE
The talk yesterday was not Of q very diversified
character. 1t was all war-in fact, it would be sup.
posed that the destiny, the welfare Of New Orleans
depended on the British Ministry, or the whims Of the
Autocrat of Russia As for the contest now supposed
to be going on between Austria and France there
very few persons who talked as though they really |
believed American interests to be jeopardized or
seriously affected by the begerents of the continent
A panic In cotton was expected when hostilities |
actually commemorate has come somewhat in ad |
vance. |
As expected, the talk was that the private dis
patches from New York. forwarded since the arrival
of the Adelaide, indicate that panic and excitement
was started Then, again. the large houses here con-
nected with York. other than those concerned in
cotton, have not received any discouragng advices
nor instructions to suspend operations. We may con-
Gdently expect after few days Of excitement and
wonder, the commercial and financial barometer will
resume its wonted regularity, subject of course, to
ordinary violations and telegraphic intelligence.
The Persia was announced at an early hour yester-
day as having arrived at New York. Her accounts
have been mostly anticipated, but the private letters
by her mails will be looked for with much anxiety.
They will be due here on Monday next. In the mean
time there is considerable talk of the accounts from
Manchester they report business as almost entirely
suspended. We are pleased to learn that the opera.
tives have not been discharged and required to enlist
in Her Majesty service for the expected war. 1t is
supposed the words " almost entirely suspended
are susceptible of broad construction and read
ers can believe much of this part Of the dispatch
as they please. We have been prepared for and
talked of exciting accounts about these days, but
many of those which have come to hand this week
are entirely too conflicting to require moments
consideration. We were prepared for a decline in
cotton. We were prepared to learn Of the marching
of the armies Of the begerent parties. Then, again,
the advices from the continent read that decidedly
hostile movements being made in every quarter,
| on every hand. If they have been something of this
nature for many weeks past, yea, months, their Ian
| guage and indications have been misunderstood.
| Now, then we can talk Of some homemade advces.
They are, that with all the interesting intelligence
from Europe, exciting, alarming and hostile, with all
the crowned heads intent some gigantic scheme,
the slanghtering or total absorption Of each other
with great decline in consos, and forty stock job
bers gone to the WALL with the great rumpus on the
Paris Bourse the mighty Mississippi river not at
all depressed or excited yesterday. The talk was,
|
of quarter of an inch ; in other places it was some
what depressed" but under no appearance of being
panicized We trust that our community will not al
low itself to be led into fgts frightened out of its
senses by the many and almost exhaustIess reports
we shall semi.weeky receive from the other side of
the Atlantic for some time to come. 1t will be well
to be calm, COOL and call into little philoso-
ply during the long summer days which are now ap
preaching.
In the meantime, while cotton and bills of ex.
change form topic for large share of talk, there
are products which will not be neglected but greatly
improved in value by this Flour, corn, pork and
Bacon even Texas beeyes will command more or less
talk-in fact our good old sovereign, King Cotton
must yield in supremacy for short time, though it
has been most numerically iused and treated in
Liverpool. The Manchester folks, we reckon, have
not pretended to suspend operations for nothing and
possibly they already taking lessons in the art Of
slaughtering the 100000 bales, part en- route aud
part in market
Our types yesterday talked Of a decline, and read
44@Gid., instead of 640163. What few Bears there
are now in our market are predicting decline to a
much lower figure. We shall see. There were some
few sales but is believed there buyers prepared
be prepared to take all the cotton in market al
certain prices. We shall, in few days, begin oul
talk Of the present season crop we think, with 8
good season. the United States will be able to release
the fears of the Cotton Supply Association of Man
chester. The receipts are now rapidly declining
We shall be able in short time to tell the entire
story in the meantime, find there is, at light up
to last evening, 369s 900 bales exclusive of the las
weeks receipts at Houston, Texas.
The Shrader Cotton Press was tried last evening
on the University Square, in the presence of larg
number of merchants and planters, and gave entir'
satisfaction Planters using this press can reduce
their cotton to shipping size and thus the trou
BILE and expense Of seaport pressing and by mean
of Speer's superior ronte and bands the cotton wa
retained in almost the exact dimensions to which thi
press, with its greatest applied force, reduces it,
If Col. Fassman's iron bands and Speer's iron tie
come into general use, there will be great decreas
in the article of rope and hemp will fall into dsuse
! so far as required for cotton bales.
The above press can be seen in the yard adjoining
i the University of Louisiana, corner of Phippa an
Common streets.
! The mail via Jackson failed yesterday from beyon
/ Caution this is twice this week this mail has faie
at that point. The connection there must be locke
after The next advices from Liverpool will, proba
y bly,, be by the Quebec steamer Nova Scotian of th
4th inst We ought to have the accounts on NJ onda
next.