New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-05-03

THURSDAY MORNING, MAY 3, 1860.
Neh Nrleans Bully Grsstsnt.
THURSDAY MORNING, MAY 8, 1860.
TALK ON CHANGE.


TALK ON CHANGE.
Rather quiet than otherwise en- the flags OF
Carondelet yesterday. The remark will apply 70
Tchoupitoulas, Poydras and New Levee streets.
There is not doubt hut what business VIII De
closed fully one month earlier than usual, although
there is still large stock Of cotton, and good lot
Of tobacco to be disposed of. As regards the
stock of cotton, we have our doubts that there IL
80 much for sale the figures Of the STOCK cal Ior.
How much Of this stock in warehouses and presses
is saleable, cannot be ascertained for few weeks
at least. In the meantime, there is good inquiry
for clean cottons. The very low rate OF freights
to Europe assists factors wonderfully, as also does
the advancing rates of exchange on England
There was some talk Of large and prominent cot
ton factor bringing suit against buyer of list oil
cotton, say 1000 bales, which cotton was purchased
by sample On the factors tables, and did not after
turning out, prove an fat In old fogy times,
when the late John Linton, James Reynolds, Joseph
Fowler and Col. BreedIove sold cotton, they took
buyers, or woudbe buyers, into their cotton yards
and warehouses, and, showed the cotton as it
was piled and stored. In this age Of progress, it is
seldom that one buyer in dozen goes to the ware
house or press and looks at what he is in treaty
for. This selling by sample will do very well if all
parties can be satisfied but under the great sandy
question conflicts have arsen and will continue to
arise. To avoid difficulties and disagreements It is
suggested that the old mode be resorted to: when
cotton factor or seller was inquired for, he was
to be found in the cotton yard, just the same as
dry.goods seller is to be found among his piles of
colcoes bales of Lowells, or among his silks, tapes
and pins, or other representations of trade. We
shall watch the suit now brought by the factor in
question, to compel the buyer to take list of cot
ton noleas Uoens as it were. It will settle many
vexed questions continually arising under the mode
| of doing business now current in our city.
| In our talk, two days since, we alluded to the
| probability Of the contemplated line of screw
steamers for the Liverpool trade as likely to fall
| through from the apathy and Indifference Of our
| community towards subscribing for the stock to
| carry out the organization Letters from Liver
pool were received yesterday, stating that the
tire amount of subscription, $500000 as set apart
| for Liverpool, has been taken and sum beyond,
rendering it only necessary for $3.50 900 to be taken
| on this side, in addition to the $4,000 already
taken, to carry out the views of the Company. The
| opposition line has been absorbed in the Com
pany to which we have SO frequently called
| the attention of commercial community. 1t
would certainly be humilating in the extreme
| that it should 20 abroad that S150000 cannot
be raised towards perfecting and completing the
British and American Southern Steamship Com
pany in New Orleans-a city that will in all proba
bility receive two millions and half bales of cot
ton ere three years passes 1t is hoped that oul
merchants, one and ALL will come forward and re
lieye our city Of the stigma and reproach which
will attend the lukewarmness and insensibilit,
which annears to nrevail in regard To this under
taking.
The Chamber of Commerce were to have had :
meeting last evening to take further action in thu
premises, and it is presumed tie recent fayorabl,
intelligence from Liverpool was placed befor,
them.
There was some talk that the good shin WIN
Lord, Jr., which was so unceremoniously take,
possession of by the Sheriff of the Parish of Or
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