New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-07-09

gS ipAIK3 ON CHANGE - Real Estate.-The gather
ingsat the several places Of daily resort dwnd-
ling down daily so much SO that barely more than
sergeant's guard can lie mustered from day to day.
There were some remarks made about the late acct,
dent on the Jefferson and jackson Railroads 1t costs
some to the stockholders in these roads to repair
damages Of this kind, and this is the second collision
that has happened between these two roads at this
crossing Weshal be glad to hear the result Of the
investigation which, we learn is tobe made of this
recent disaster NtisGortunes, some how Or another,
do not come sngly. One Of the freight trains on the
jackson road ran over COW and caused the death OF
the engineer Of the train The Pontchartrain rail-
road is beconiing rather the worse the use We hope
the directors Of road will push the new track
Whichis in the course Of being laid.
We have been searching for information regarding
the great junction Canal to connect the Mississippi
river with Lake Borgne, through Col. R. A. Stewards
plantation. We had an immense array of figures,
estimates and calculations Of the advantages and
benefits this canal would be to the commerce and
prosperity Of New Orleans particularly for that sec
tion of the city known as the Third District. Solicit
tations and books of subscriptions to the capital
stock Of heassociaton were opened six months ago
and that is the last we heard Of the movements re-
garding it.
There are improvements going on in almost every
section Of the city On the site of the one story
brick warehouses on the corner of Delord and Maya
zine Streets large and commodious two story brick
building has been erected and now almost completed,
intended for foundry Oh a brewery. Considerable
ola contrast in the purposes for which the building
is intended. The corner Of Magazine and Lafayette
looks desoate enough the ravages Of the great fire
in August, 1864 are still visible and likely to remain
so We learn that the owners Of the ground find it
more profitable to employ their means and money in
dscounting paper which has paid better profit than
1ealestate for the last two years. However, some
of the owners of the ground reside in France Others
in Philadelphia, they may their money to better
advantage in those places than perhaps they could in
erecting good substantial buildings in New Orleans
butwe do not believe the resident owners employ
capital to better purposes than by rebuilding th
burnt district. few years ago the brick stores be
longing to ex President or ex-Emperor Santa Anna
situated on Poydras street, scarcely rented for mort
than sufficient to pay taxes and six per cent interest
at this time it is the most lucrative property in thu
city, and so will be Magazine street, soon as it
uiltiup with commodous and fire proof stores. TIL
great width of the street, its unriyaed location 70
western trade will give it preference over any stree
in the city; aided as it will be BY the new bank il
tended to be located on Magazine street the comm
year.
Business the landings is falling off and the usuf
stagnancy of summer s now apparent; with hig
degree of health in the city we are approaching til
dog daysn the best of spirits at the successful te
mnatiOn Of the seasons business.