New Orleans daily crescent., 1860-07-14
aew Orleans 1aip Grestent Saturday Hlprn guy IA 1860
TALK ON ,naAMGE.


TALK ON 'oaANGE,
The congregations yesterday on tho flags were
few and far between, though the slight rain Of the
previous evening cooled the atmosphere, render
ing it somewhat comfortable on the shady side;
yet, about meridian old Sol poured down with his
usual strength, and the day closed about as warm
as any for week nast. The cotton market offers
nothing for comment. The tobacco market is on
the $3.50 order. The movements in the weed are
altogether prisate-it docs not make much differ
ence--the knowing ones in the shipping line are
aware hew many vessels have been taken up dur
ng the past ten days and at what rates. 1t is also
I talked of that the movements are concealed; the
prices and the market for which the tobacco is
intended The vessels which arc engaged are all
| in the secret order. When cargo of tobacco is
cleared al the Custom-H ouse, it may be for Gowes
aad market; it may DO for Gibraltar and orders;
it may be for its destined port direct; but it does
not make much difference to the vendors and sell
lers of the weed. All they want is the cash down,
and that ends the matter with them
| There have been the usual receipts fer the sea-
son of Western produce. The stocks of -four, corn
and provisions are well sustained. There have
been very large shipments Of corn, oats and flour
for Texas or the Gulf for the past fifteen days If
there should be large yield of cotton, it is mani
fest that q good share of it viii be absorbed for
ornand provisions. The crop Of corn throughout
Texas is cut short. The deficiency will have to be
made up through this market.
On the flags of Tchoupitoulas, Pydras and New
Leyee streets, there is as much business doing as
usual at this season of the year. in some respects
more, particularly in the breadstuff line.
The river is getting low, rather the water i'll
the river Mississippi is declining daily. The supply
of the element from the clouds is very low. and
take the water subject oil round, it is, indeed q
dry one.n From the action of the Lower Board
of cur City Council, it was hoped the Lafayette
Water-Works was sure Of being carried through by
the subscription on the part of the city to the
stock, amounting to one hundred thousand dollars.
The resolution, as introduced in the Board of As
sstant Aldermen, Is clogged with the proviso that
the Insurance Companies Of our city take or sub
scribe for the same amount Of stock. This proviso
will greatly embarrass the further action Of the
Commissioners of the Lafayette WaterWorks
Company, unless the private subscriptions are
ample. Let us talk and explain the impoliey and
injurious tendency of the proriso to the original
resolution.
There are eleven insurance companies in our
city composing the Board of Underwriters. They
are required to subscribe one hundred thousand
dollars-say about nine thousand dollars each.
This resolution passed by the f4ower Board, is
the siae qua non before the city shall sub
scribe. The Board of Underwriters, we do not be-
leve, will come forward with one hundred thousand
| dollars. The young insurance offices have not the
| means, say ten thousand dollars, to invest in
stocks. Some four five of the old offices are in
position to take each ten thousand dollars of the
stock, but they not to be driven orforced into
the measure. Therefore, if the Board of Under
writers were to subscribe for one hundred thou
| sand dollars, it might be taken pro rata, if the
Board could come to an understanding. There are
five or six Offices out Of the eleven that have no
surplus nor have they the least disposition to take
even pro rata share of the one hundred thousand
dollars, regardless of the lack of resources. If
the insurance companies subscribe to the stock,
| they must be allowed to act with freedom conse-
quenty tine provso attached to the subscription to
be made on behalf Of the city is ltimed, injudi-
cious, leading to restrictive and leopard
izng the subscription on behalf of the city; en-
barrassing to the Water Works Association, and
may lead to an abandonment and dissolution of the
company.
| Then. again, there were expressions of regret
been brought up regarding the extension Of pipes
on the part of the Commercial Water Works in the
Third District The inquiry is made. why is this
amendment and proyiso brought in as append
age to the watcr-works of the Fourth District? It
is waste of time to be passing and enacting ordi-
| nances regarding the present Commercial Water
! Works Company. The day for compromises and
| bargains with old rub and go y is passed This
/
important suit brought against it. IT is useless for
| our Council to be enactng ordinances for this and
that regarding supply of water, dependent on
the Commercial Bank. The further talk is that the
managers of +" old rub and go y do not intend to
be caught III the meshes Of the law BY entering
into contracts to supply distant parts Of the city.
which may be continued in one way by court to-
| day and be reversed tomorrow by another court.
When the new engine Of {. old rub and ge'' is re-
ceised, placed in position, the company will prob
ably be in situation to furnish more extended
supply of the element. The new engine, which is
expected to throw water one hundred and fifty feet
high, was shipped at New York in two vessels
| which sailed hither on the 10th Of last month. We
put in plea for the Fourth District Water Works
that our Council will refrain from attaching condi
tions to the expected subscription Of 100000 OF
/ the parb oI tne city.
Our usual weekly coffee statement, or rather
/ that of Messrs Lonsdae Son & Co., denotes very
| light stock Of the berry, and consequently higf
prices. primd il quoted l4ac. the highest price
for years past. The stock on hand appears to have
run down to 1851 bags against s,9o6 bags for the
same time last year, and 1866 bags in 1858
Prices Of Prime in 1855 at this date ule.; prices
! last year at this time lli@llae. Well, we mus
have our coffee in the morning, be it II or 22c pei
Ii. But they require more Africans in Brazil tt
assist in the cultivation. Coffee may go up to ole
prices, when il was imported under duty of sc
per 10. There is great deficiency Of labor in tht
/ kingdom Of Brazil, as well as tho consumption o
/ the berry is exceeding the production.
IcoMAUsIcATEp.l
! Ed. Crescent-In yesterdays Crescent find /