New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1854-12-23
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CRESCENT OFFICE,
Friday night, December ~, 1854
We have been favored with remarkable weather for the
past week. which will also extend back to the first Of the
month being cold dry clear and bracing to the system
which has served to mpart to general outdoor business
considerable activity and reness Our Wholesale deal
srs In dry goods groceries, hardware and collateral
branches Of trade complaining Of dull sales with heavy
stocks of merchandise hough purchased at low prces
and seem inclined give way to dependency There is
not the least occasion for such feelings We have known
the wholesale trade be retarded till the month Of Feb
ruary and lost time then made up and uneasiuess
duly cancelled good city business has been done during
the week and retailers Of every class not have any
cause for complaint Money circuates freely among
them as though Mammon had actually loosened his
purse-strngs.
The impedments to the trade of the Lower Mississippi
and tributaries not in the least diminished We have
adyces of slight rise in the Mississippi at Yicksburg
Arkansas Yazoo Red River and branches about as
low as they clevery be without being totally dry
Added to this uufayorabe indication the Ohio and Upper
Mississippi Rivers partially INSTRUCTED by ice well
as greatly by low stage Of water. Yet with all these
real distractions considerable quantities of produce have
been from the West since the first Of the month
which, with the receipts of great staple from the river
depos have materially assisted "A relieving the Money
market though large quantities of every description
now due to meet responsibilities maturing this and the
4 next month. sS4
We observe no indication whatever Of any disturbance
in the general confidence of our Money market grow
ing demand perceived NIL through the week and
where good securities have been offered they have
orally fulfilled the expectation and wants of borrowers
Rates good commercial paper to-day ruled at II and u
per cent other grades IL to 15-whe first class mort
gage securities when to be had taken inside of TO-
These rates much favorable than any ruling
in Northern Cities which evinces that money lenders
are not the shylocks which swarm numerously and
fatten so rapidly in Boston, NcwYork Philadelphia and
Baltimore We occasionally meet with few venerable
disciples of Mammon who insist per cent. per month
We hope they mayn't get it, though they will keep the,
dross idle in bank before they take less We think
Of them have however very small modcum to the credit
Of interest Tor shavng) account for the last six months
| We are however, reminded of the decreasing amount
of coin held by Banks at their last weekly exhibit
and which will compel Of them to be particularly
cautious in their line of discounts until repen
ished with at least two millions to two millions and hal
Of dollars The amount of coin in the hands Of the Assist
ant Treasurer United States the LIST instant wa
that is however, beyond the control of th
commercial community, and can only be reached By
transfers through the officers of Government which
SHALL undoubtedly, during the next thirty days. receive
some tangible proof We the comparative state
meat Of the Banks of this city for the past two weeks