New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-07-04
TALK ON 'CHANGE.

Yesterday was another quiet, yet very pleasant
day on the flags. No excitement was perceiyable.
The weather, though cloudy, was considerably re-
duced in temperature, and with slight showers of
rain, the day cooled off very well. In the inter-
mediate time, the arrival of the Persia at NewYork
from Liverpool, with dates to the ODD ut., in full
was announced. Some rather astounding news
was talked of-the burning up of forty thousand
bales of american cotton in London. We could
not credit this no way, because there was only i'm
ported into London during the year 1860, one lam
bred and nineteen bales of cotton from America
and los $40 from East India. If there has been
10000 bales of cotton destroyed by fire, it is not
American cotton; but to cut a long talk short, we
do not give any credence to the dispatch. The
advices had no effect on the street. because there
was nothing to be affected.
We learn from Northern paper that there has
been new office created in Louisiana, called the
Loan Office of the Confederate State of Louisiana.
1t is supposed that the following paragraph alluded
to the opinion of Attorney General Semmes in the
case of H. S. Leyerich, of New York, and the
Mechanics' and Traders Bank, though not invov-
ing one hundred shares of stock. The managers
of the bank ought not to have had one dollar of
funds in New York at the date of attachment
Though in the weekly return of the bank a balance
OF inland exchange was reported, it was supposed
to be on other points than Wall street. The talk
is that the money or balance would have been inst
safe in the vaults of the bank on Canal street AZ
in Wall street, but to the extract from The New
York Times of the 10Th
The Loan Office of the Confederate Stata IF
Louisiana having advised the Mechanics and Trad
ers' Bank of New Orleans not to permit the trans
fer of one hundred shares of the bank from New
Nf,riY hall rbsh aA entl
Orleans, for value received, and the bank having
pursued this line of action, thereby defeating and
damaging the New York stockholder in the ordi.
nary purchase and sale of the shares of the bank
as provided in its charter and bylaws, the lat
ter has attached the of the bank in this city,
in the hands of Messrs. Matthew Morgan & Sons to
abide the issue of New York trial on the merits
OF the case which, from its peculiar surroundings,
promises to be an interesting one.
The fine showers of rain we have had for the
past few days have been highly beneficial to the
growing crops. Very little more rain will be re-
quired for the cane. The general sanitary condi-
ton of the city and country was never higher or
better at this season of the year. and the general
uselessness of an expensive quarantine establish
ment was never more fully illustrated Our author
tiles would do well to take the twenty Thousand
dollars now in course of eXpending for quarantine
purposes, and appropriated to the volunteer fund
for the benefit of thousands of women and children
whose protectors have volunteered in defense of
Southern independence. Lincoln, Seward & Co IS
blockading squadron possess all the requisites of
quarantine, and perform The duties thereof gratis.
The private correspondence by the Europa, of
the l4th was received yesterday. Of course, there
We're no orders for cotton. The news of the pre-
tended blockade Of the Southern ports had been
received, causing no nueasiness, however. Bread.
stulfs We're dull, and the harvest prospects ex-
tremeiy dattering. Shipments of breadstufs from
Northern ports must now cease, and with good
harvest in Great Britain, where Will be found
market next season for the surplus productions of
cereals of the Northern and Northwestern States
The advees from Mississippi Sound, up to 3
O'Clock Wednesday. state that Federal steamer
was quietly at anchor inside of Ship Island All