New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-06-15


The COMMERCIAL CRIsis-AFajrS Improving
on the Stock rcbHnge-MatterS IN LjGerpooj
Dark-The fact that the apprehensions Of fresh
pressure and disaster entertained on Wednesday
have not yet been fulfilled, coupled with the ar
rival Of a considerable amount OF gold, has still
further improved the tone of the money market,
Business, which was for day or two literally at a
standstill, has begun to revive. The toTpor of
panic ia passing off, and a reaction has set in,
which compared with the depression of previous
days might almost be called buOyant.
Not only have prices generally been maintained,
hut in some instances there has been an advance
1t is evident, indeed, that the tables have been
turned against the I" bears.n AT first the con-
spiraey assailing isolated concerns. had it pretty
much their own way; but strong combination is
now being formed on the other side. 1t is felt not
only among the banks and financial companies,
but also among traders generally, that they must
stand together in order to resist the selfish and
malignant intrigues which have been set on foot.
At the time, while it IS cheering to notice the
parcal return of quiet and confidence it cannot be
disguised that the dangers of the crisis are by no
means yet exhausted.
There are we fear still number of cases in
which collapse is almost inevitable. At Liver
pool affairs are dark and disturbed Recent trans.
actions in cotton and pig iron have taken very
unayorable turn, and the extent of the losses, al
though magnifed by conjecture, will doubtless be
large On the whole, however, the trade of the
country is undoubtedly sound, the tirmness with
which the great houses have withstood the crisis
is very reassuring, and such failures as are be
lieved to be impending will scarcely be on scale
or of a character to cause a retrograde move
ment.-[Pal Mall Gazette, May %, P M.
CoMMERcIAL FAILURES IN GREAT BRITAIN
Messrs Luckie Brothers. merchants, have stopped
payment with liabilities amounting to 100000.
Mr.. T. Masters osborn of Cork, has presented {
petition to the lord chancellor for the winding VI
of 0verend, Quincy Co., in chancery.
Messrs. w. X. Coubrough & Co., merchants
Liverpool, have suspended, with liabilities amount
ing to El50,000 owing to difficulties attributed tt
depreciation of cotton.
letters from Barcelona state that the eredi
establishments which have lately suspended pay
ment in that city are the Company of Cataloni
and the Barcelonian Credit Mobier.
Messrs. Kynaston, Sutherland q Co., colonia
brokers' have failed, with liabilities amounting t
100000. The liquidation, it is expected, will b.
of satisfactory character.
The suspension has been announced of Messrs
s. P. Framiee g. Co., of Gresham House, a Bon
bav firm of extensive business. Their liabilite
are believed to be chiefly in connection with cot
ton and are stated at &36S 900.
The creditors of Messrs. Hallet, Ommaney
Co. bankers and navy agents. have held NEE
ing when statement of affairs was produced
and it was decided that the estate should
wound up under inspection. The balance shet
showed the liabilities to be &25sOOO; asset
G220,000. ,,.
The suspension is announced of Messrs. Robil
son, Coryton & Co., private bankers, OF Manche
ter The difficulties of the firm, whose transa
tions have not been important, are ascrlbed to I'll
stopnage of the European Bank, which acted {
their London agents. The liabilities are unde
stood to be moderate.
Messrs. Gellatley, Hankey & seweT, an exte
sye mercantile and shipping house, occupying
respectable position, have arranged to liquida
their affairs under inspection The liabilities a
large INT, according to an examination of the
books, the assets show surplus of upwards
e50. 600 subject to realization.
The principal Liverpool failures for the pa
week in addition to that of Messrs. Fernie, ha
oomprised the firm of Messrs. Holderness d Oh
ton. iron and wood ship-bulders. and of Mess
Boult, English Brandon, merchants the LAB
ties in each case being large. Messrs Dun I
dell 4 Co, merchants and ship-Owners, and Gia
naCopulo 4 Cochiani, commission merchants, ha
also suspended with liabilities, it is supposed,
less amount. MI ~, Of