New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-05-07
Nsh 0rleans 9aiIp Grssfsnt.
TALK ON ,cHANGE.

The gatherings on Carondeet street and environs
were not large yesterday. The chief topic-in fact
it was all war. We not aware that it is necessary
to make any fuss to allow those fellows in Europe
to occupy 80 much OF the talk. OF course the Mia
gara's advices were engthily discussed. Well, no
one in particular seemed to be aware what result or
effect on American trade this continental war will
have Those who have been expecting hostilities for
the past three or four months prepared those
who are not prepared will not be in worse position.
1t is, however, amusing to some who merely look
ing on to observe the many views advanced. OF
COURSE the cotton market was to be made target Of
but we did not learn Of any factors willing to take
ll5c. for Middling although there many would
be buyers at those figures. Nor has there been any
disposition evinced on the part of capitalists to en-
nance their rate If there is to be an excitement or
any Juror regarding European accounts, it will pass
off in day or two, and the flaming war dispatches
will be laughed at War is fixed fact between AUS
tria and France. The Persia will bring some strong
war accounts.
There is very little cotton on hand for sale. The
facilities for shipping, with the extreme low rate of
freghts and high exchange support the trade. Cotton
is now shipped to Liverpool at the rate of one farth
ing per pound freight-just about sufficient to pay
for putting it on board and taking it out again.
There will not be much increase by arrivals from
Northern ports to the quantity of shipping now here
There is an abundance of water on the bars at the
mouth Of the river. Pass aLoutre is now the main
debouche for all vessels excepting those bound to the
westward The intent is to locate the telegraph sta
tion pilots residence and other attaches at this point
leaving few representatives at the Southwest Pass
The further talk is, the contractor for keeping an
open channel of ls feet depth will not have much
tha <bo%+ +lo
ings of nature will save him large outlay of both
money and time in fact, the services of the intended
dredging boats Or machines will not be required till
| the mud piles or banks rise again. When will that
| be, asks some? Qu,en sabe.
The further talk was of the purchase of the great
| steam-tug or towboat VIM. FL Webb now in New
York, for the new or opposition line of tow boats for
the purpose OF towing vessels up and down the Mis-.
slssippi. The Webb is known to be one of the most
powerful towboats afioat, and the talk is she will
make her mark on the mighty Mississippi. The same
| company has, we learn, engaged the r. B. Forbes
another powerful boat now in Boston, or rather have
been IN treaty for her, the preminaries to purchase
having been taken into consideration by the proprie-
| TORS. Competition gives healthy tone to business
OF all Kinds The great increase in the trade of our
city demands every year enlargement in resources
| and facilities to conduct it.
There is some talk of the rapid increase of business
at the old Basin Carondeet. That part of the city
begins to look like days of yore, when all the lake
trade centered at the Old Basin The reorganization
OF the old Orleans Navigation Company was regard
cd some few years ago as whm of some of our old
fogy citzens in fact folks talked of its being
humbug. 1t would be well if there were more in
tended public improvements carried out with the
success that has attended the resuseitation
the old Orleans Navigation Company. Large quaint
ties of railroad iron are being shipped via this canal
for Manchac for account of the Jackson Railroad 81
it appears the creyasse will not check the work on
the road, The old Bayou st. John is also free and
clear, and good stage of water at the mouth