New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-05-03
TALK ON CHANGE.

J
slight fall of rain, just sufficient for the mud to
show ITSELF and dampen the ardor for large transac
tions in fact beyond the article of tobacco there
very little produce out of which large operations
be made. There between forty and fifty thuusand
bales of cotton for SALE which is held at prices of last
week, and as it can be very conveniently held factors
evince no disposition to yield in prices.
There very little talk yesterday about crevasses
and water 1t is well known that there is plenty of
water here, there and everywhere, and it is no use
to be forever talking about water. 1t is desirable
that the telegraph let up somewhat. We have had
dispatches enough about inches and half inches of
water heavy rains here and there, with private let.
ters from some sections Of the country complaining
of drouth and great want of rain. There were
heavy rains last year about this time. and probably
there will be heavy showers next year about this
time They took matters and things very quietly on
Carondelet street-money plenty and cotton factors
in good humor at the mastery manner in which the
cotton trade has been conducted this season. and Il; is
supposed their patrons and planters in general ill
acquiesce in the favorable prices obtained. But it is
hoped those factors who have unknowingly sold the
false packed cotton will refund without further talk
The Chamber of Commerce has in almost every case
decided in favor of recaimants. There is some talk
Of losses in weight Of cotton. This is question
which cannot be determined unless great and palpa-
BILE deficiency has occurred.
There is very little talk going on about the mouth
of the river. There is an abundance of water at all
the passes The contractor for keeping the channel
clear, or say to maintain eighteen feet of water, will
have very little trouble for some time to come. The
talk is, that there is great an abundance of mud
and sediment likely to collect from the high water of
this that the interruption to ingress and
egress will occur next year. There will be many yes
sells drawing Is feet here next season. In the
meantime it is well to talk of the fine harbors of Cat
and Ship Islands, and the great advantages to be de.
rived and which will accrue to the shipping interests
and in fact to the entire great trade of our city by
another outlet to the Gulf of Mexico This can be
realized by an association becoming the proprietor
of the Mexican Gulf road, its privileges and fran
chises. For the moderate sum Of 100000 this roa
can be obtained and extended to the Gulf shore
This will include the present road and the cost of ex
tending it to Nine Mile Bayou. 1t is worthy the at
tention of Northern capitalists and shipowners the
build harbor for their vessels and with the
of our own citizens who desire semi or trdaily com
munication with the watering places the Gul
shore The measure could be carried out in shor
time. The further talk is that there are parties de
sirous of purchasing this road aud stopping its frthe
extension in order to monopolize and control the
great trade on the lakes and Mobile through the ole
| Ponchartrain road. As competition is the life and
soul of business and trade it is hoped that some new
organization can be effected and purchase the NJ exi
can Gulf Railroad which under its present contra ctet
powers, yields an income of per cent. per annu m
Ii this charter should fall into the hands of partie
presumed to be intent on obtaining it, the citizens
New Orleans will be subject for fifty years to the eX
actions OF the monopoists and their successors no
in control of large share of the freight and all thu
passenger trade the lakes, particularly to the Sc,
| shore suburbs.
The further talk was of the very high prices oh
tanned for Of those small three story stores OF
Canal street. known No. 80, being Isl by so fee
in depth, Qhe loD which was sold to-day by au cto,
for the extraordinary price Of $2S5OO. Two others
SS and 92 of the same block have been recently SOLE
at prices which would make the four stores ant
ground, measuring in all Is feet front by so feet ii
depth, worth $l05, 900, which cost the original pro
pretors, Phelps & Babcoek in the year 1928, (hrty
six years ago) 25 900. True, Canal street was tbe1
something Of qnagmire half filed, canal running
through the center, and no roadway pavement, ant
in about the condition as many unpayed street.
at this time in many parts of city, though tn,
talk is it may be some time hence before 75 feet By
so feet Of ground will command with buildings 81
years od) 100000. We can only call the attention
Of crogker to this talk and suggest to them the pro
prety OF allowing things to pass. The buyers of thi
property do not entertain any fears of water or over
flow, though the writer of this talk has many time
in high stages of the river the water run owe
the levee opposite to Canal street end.
The mails came through yesterday as late as due
There was nothing of the Canadian steamer at han
yesterday evening The Braz9s steamer is fully due
The Niagara from Liverpool of the 23d will be full
due at Halifax tomorrow night, The mails by tn
Africa will be due this morning.
---~ S----
n. VidNIE, Auctoneer, will sell this day at the S
Louis Exchange for account of the of Bsri p do
landh:
lot of ground Magazine street between St Mary ar
Felicity streets.
T@olos of ground forming the front street bawee
jackson and Josephine streets.
Two lots of groud forming the Clara street betwet
Josehne and St Andrew and several lots and squares in IL
Third District.