New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-08-16
TALK ON CHANGE,

l
| The aags Of rue Carondeet ana environs were
| deserted at an carly hour yesterday. There was
/ some talk-the nature OF the correspondence by
| the Europa up to the 18th ut. was something mere
| encouraging, as regards our great staple, but on
reference to the figures. we find that Middling Or
leans cotton was quoted at SD, which indicates
i duness. 1t will also be perceived from the weekly
| circular of Messrs. Hewitt & Co., that the liberal
1 demand or active state of the market had subsidized.
It is very difficult at this time to ascertain the
tual state of the Liverpool cotton market. Large
losses are to be one OF the seques of the business
of last year. that is, for the winter and spring of
| 1860 It is talked of that there were many thou
sands Of bales of cotton shipped during the spring
4 on planters account direct. This is playing at
into the hands of the Manchester spinners and
| Liverpool spectators. Under various attitudes of
| the Liverpool market, consgnees do not regard
the directions Of the owner shipper of the cot
ton whenit has been advanced on. If little tight
ness comes over the money market, very good
excuse is drummed up for making speedy sales,
whether for good or for woe can be determined on
| by reference to many account sales, which are
now coming by every mail from England.
| The following extract from letter, dated Liver
| pool 2Sth July, can be regarded as furnishing
true state of the markets
LIVERPOOL July Is 1860.
Dear Sii.-I have heard Of SO much distress
among cotton people that | am quite dispirted.
| There is much more distress than would appear
| from reports of casual observers Many parties
engaged in the cotton trade are carried over, be-
i cause all that can be got out of them has been OBJ
tained and these present creditors rely on their
| future operations enabling them to pay up. This
| may be kindness to the parties themselves but
| may it not let in innocent parties hereafter in
jockey bills. Reports are very rife day of some
over The loss on imports of cotton is terrific.
The leather trade failures continue, and losses in
/ crease. How some folks in London will come out,
remains to be seen but their losses would satisfy
| Won and for q long time if we had the amount Of
| them.
Louis Napoleon, politics, Garibaldi invasion,
war, ETC., ETC., seem likely to raise the dust the
| deuce.
CARDS the lake coast boats-Alabama, California,
| Oregon and Florida. The movements Of these
boats appear to be governed altogether by the
state of the tides in the lakes.
The effects of the recent storm were very light
at Mississippi City, Pass Christian and Bay ST.
Louis. Some trees were blown down, grape arbors
| demolished, fences blown away, lighthouses and
wharqes carried off. The general landing wharyes
at the several places have received very trffing
damage, except at Pascagoula. Barnes wharf
Mississippi City, maintained its staunchness, and
received no damage whatever. The yacht Sarah
Davis, a fine deoked schooner, while at anchor
took astart by dragging her anchors, and had not
been heard of at the last dates. There was no
person on board. This gale had many Of the
characteristics of the gale of 1858. The hurricane
of 1855 was the most severe on the coast for many
years. Traditional history furnishes us with the
loss of the United States schooner Firebrand, off
\ ct of Tulc IAJQ with,
every soul on board Thirty nine persona) founder
| ing at her anchors. In 1922 the Mobile packet
schooner Washington, hence for Mobile, foundered
off Bay ST. Louis, full of passengers, and every
soul persisted. There were other vessels struck on
tie Square Handkerchief Reef or Masa Bank, ana
went TO pieces. In ls40 the steamers Merchant and
Columbia were forced high and dry on the shore
at Port Pontehartrain, and abandoned to the IN.
| derwriters. In 1892 there was also terrific gale
| but no great nundation The ship Boy of New
| port, moered opposite what was the old navy
| yard, between the two markets of the Second Dis
! triet, was driven high and dry The levee and
abaudonded to the underwriters. There were also
several other vessels forced ashore, dismasted
and otherwise destroyed. In August, ls3l, during
a long easterly gale, the waters from Lake Pont-
chartrain were forced up to Dauphin street 1t Ii
|
such storm before. True, the great hurricane oil
the 18th of August, 1872, forced the waters from
the Gulf up within few miles of the English Turn,
| rs miles, via the river, below the cityl the wind
also Blowing down the markethouse, which occu.
pied the position Of the present markethouse of
| the Second District.
1 We have accounts Of many frightful tornados, of
only a few minutes duration, occurring during the
al,aA,a IL L.
The great loss of life and buildings at Proctor.
vile is attributed to the very weak and inefficient
manner in which the buildings there were located
and built, The water at that place was no higher
| than it was in 1855, when the residents (few in
number) escaped by taking refuge on board the
sailing craft there, and going up the Bayou BreH-
Yier In fact, Proetorye, or the ground has
been submerged very often within the present ceL-
tury. We learn that the railroad was very slightly
| injured nor did the government works suffer any
great damage. Some more efficient mode for build.
ing ought to be introduced in the erection of tene-
menis at this place hereafter. IN fact, it will be
well to eSpend q little more attention, and erect
buildings OF mere strength and solidity than is now
the custom at all the sea.shore resorts.
The Northern mail, via jackson, was detained
yesterday by the burning Of the road, near Pass
Manchac. We observed the swamps on fire near
this place last week and thought then some parties
would do damage whether designedly or nadver-
tently, we did not stop To inquire.
| The Persia, from Liverpool, was announced yes
terday as having arrived at New York, with the
full details Of the European markets up to the 4th.
The commercial adyices are on the $3.50 order.
The political intelligence is all on the foggy order
in ine. it is gloomy for the future.