New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-07-28
TALK ON CHANGE,

The congregations on rue Carondelet and enyi-
rons yesterday were few and far between. Here
and there might be seen two or three old stead.
fasts exchanging views about the weather, crops
and the last intelligence from the other side and
| of the expected reclamatons coming forward for
| losses or deficiency on cotton. These reelama-
tons, it is presumed against factors who ship
ped on planters account under instructions, draw
ing against the shipments under liberal margin,
which margin liberal and free as it was, does not
cover the depreciation at which many thousand
bales have been sold in the Liverpool market.
The private letters by the Africa lead to the hope
that the Strengthening process reached its cuminat-
ing point during the week ending the 18th instant
unless the bale of this seasons growth, which
went by the Persia on the 18TH should create a
CONSERVATION on the Liverpool flags, as it will in
all probability be exhibited there about Monday
next, the Both of July. AS there are several bales
Of the new crop, the Bears will use them for
Interior purposes. Another bale Of this season S
growth, from Texas, came to hand by the steamer
Matagofda arrived at Berwicks Bay yesterday.
The drouth is still complained of Showers of rain
have fallen here and there, but nothing of gem
eral rain has fallen for months past.
Among the ondits yesterday was final sale Of
the Mexican Gulf Railroad franchises and priv,
leges, to a company of responsible parties if
they had not been deemed responsible and com
petent, their proposals would not have been enter
tanned. The price agreed on is $3.50, OOO-the road
to be delivered on the lst of November The
further talk was that the parties who have entered
into the arrangement-made the purchase
obtained one of the best spernatons of the season
in will nn;t-
roads now in progress. The terms Of payment for
the purchase money of the Mexican Gulf road are
$50 900 cash. the balance in equal installments of
one to six years, with interest," Undoubtedly, with
proper management, the road will clear quarter
of million of dollars before the last payment be-
comes due. Before this time next year the iron
horse will be apt to wake up all those concerned
in the Lakes Borgne and Pontchartrain and coast
trade, as well as some of our sumbering citizens,
whose attention and interest has for years in vain,
been called to this enterprise. This road now goes
into the hands of an association composed of some
Of leading citizens, bat the most the associa
ton are nonresidents, who have long given their
attention TO railroad Improvements, and haze fully
weighed the advantages of direct communication
with the Gulf of Mexico 1t is contemplated to
extend the road to Nine Mile Bayou, which will be
within fifteen miles Of Pass Christian. The present
road will, however, be repaired aud placed in good
or irstrate condition. The road, as it now works,
earns at the rate of Il yet. per annum its yana-
ton, say s25o,ooo, OF the price of purchase, and
some folks talk that It be made to pay slOO0O
per annum. This is a tolerable tall figure, and
rather above our COMPREHENSIVE unless it should
monopolize all the travelling and ffeighting 10 The
seashore suburbs, as well as some Of the Mobile
trade.
! There was talk of a more enlarged disposition