New Orleans daily crescent., 1866-06-05

LIVERPOOL, May ia. M,-Cotton-Ihe Bro
kers' Circular reports Z" The Cotton market,
which had previously declined to comparatively
low point, had not been 50 much affected by the
monetary crisis as might have been expected
Notwithstanding the large stock in port, trade III
the manufacturing districts is known TO pe III d d
satisfactory condition, and consumers mere az Weli
as on the continent are barely stocked WIN Tue
Unon the announcements of the heavy failures IN
London and advance of the bank rate TO PEI
cent on Friday, great uncertainty became
this was mot relieved until SATURDAY, Nh9n L;i -!
relaxation of the bank act was announced, "hen a
induced an active demand, more particularly from
consumers holders not offering their sIochs 50
freely and the business that day was Ia a. re
full rates OF Thursday. Subsequently, NOV l"u
ing the further advance OF the pahh IaIe 70 ~ Pet
cent +he demand continued far at STEADY rates
until until Thursday when the sales were almost
entirely confined to the supply OF lIA4ue3IaIe wants.
and the market closed heaYlly; ,., 49,, IT..
American continues in good demand, ana, aIter
occasional fluctuations closes at last week rates
Sea Island is about Id. lower and Surats have DE.
cined about 4d, ~ b. The sales Of the week add
M 60 O7O bales including $40 on speculation and
1850 for export The official quotations are New
Orleans fair. l6d mddling, l3td.; Mobile fair I'D;
rniddIinr 13d upland fair, l43d middiing, l24d.
Yesterday friday the market was quiet but
generally steady: sales about 5000 bales.
! The stock on hand is estimated at j7O5OO bales,
| including AIS 100 American. AT sea, from india,
Trade al Manchester yesterday was dull, and
business could only be done at prices about I'd. L
! IT, below those Of last week.
A BREA EADsTUFFs,-Messrs Richardson Spence x
\ CO., and others report a dalmarket, owing to the
financial crisis, but prices generally unchanged
for all articles.
LIVERPOOL, Saturday Evening, May 19.-Steam
ship Africa, from Boston, has arrived.
CorToN-Sales to-day 5000 bales. The marke
IS dull, with little inquiry and weak prices. Mid
ding uplauds are quoted about l24d.
An article on " Trade and Finance" in the
Daily News, has the following:
The past week has been the most momentouE
in the financial world for at least forty years
Never within living memory have events been s.
crowded together. Three days have sufficed 70
the sudden outbreak of a monetary crisis so Sc
rious as to throw those of lS47 and 1857 entirel
into the shade, and for its equally sudden moditca
, ton. It would be presumptuous to consider tina
the whole danger has passed away, and that fnan
cia affairs are again placed upon their ordinar
and regular footing.
- I've must not be unprepared for mercantile dl;
asters, failures upon perhaps large scale, and
remnant of distrust which will naturally follow tn
workings of the great conyulsion. Still, however
7 the worst is over, The plague has been stayed
: and can hardly break out again in its former inter
sity. For this fortunate result the nation is il
debted to the courage and promptitude of the go7
ernment in res0lutely dealing with the immedat
Q crsis.n