New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1855-10-11

Messrs Bell s. Co. report market for American securi
ties dull thBt the transactions during past week in
the State Stocks have been few, and prices have NOT
varied whilst the Railroad Bonds have been freely offered
for sale, and prices are generally lower.
We give below extract OF letter written in Liver
pool, and which received by this days mail IL il
decidedly strong the bear orderp Although opr
market often succumbs to the spinnsrs Of Manchester
and SPECTATORS in Liverpool yet the purport of this let
ter deaire to convey the impression that terrible CON
vuson in commercial affairs is in store and will soon he
realized perhaps about the commencement of the New
Year AS have often been favored with similar views
and similar epstles the incoming of new CROP we do
not at all concur in the contents of the letter. The Cot
ton raising community we believe to be much relieved
from debt compared with former years. and is in a
stronger position to meet the untring opposition of their
opponents the other side and the market of
New Orleans is concerned strongly believe our factors
will sustain themselves against the depressing
which will come by every steamer for the sixty days
fact planters and factors have game in their own
hands But to the letter. Supposed date
Per America LIVERPOOL, Sept. H. 1855.
Liverpool Cotton Market went wild on Tuesday
the effect of the Of the fate Sebasopo and prices
advanced I'd per h. The excitement was shortlived
The advance in the rate of discount by the Bank of
England to ~ per cent. turned the scale entirely the
other way all the advance lost and there is now
weak feeling the part of holders who are looking
for falling Market large crop and early receipts at
the ports relied to early accession TO
supplies and strong and indeed very grounded sus
ncion prevails that the stock of American Cotton in
Liverpool on LIST January will prove 100000 bales
than the estimated stock This arises from SINNERS
buying to RESELL and thus their purchases get entered
twice creating the double desion of an
consumption and dminutive stock. The detection of
such an error some ago decline of Id per
lb though would scarcely expect serious fall now
Manchester market shows no animation spinners are
firm in their demands just now because light in stock
and because they doing shockingy
trade; in fact believe that very many are losing I'd
peril. on nil they spin. The great news of the weak
sansed no enlargement of business while food so
high and we are facing falling Cotton market In Liver.
pool and above oil while money is aarmipgly stringent
the buyers of goods and yarns won't 90 on and we can
hope for no revival have, fear dull time to get
through yet y
Breadstufs still keep creeping up week after week
Stocks must be very light Our harvest generally CON
ceded to be more than average we shall REQUIRE
large importations
Money market has this week been extremely stringent
and the raiaing OF the rate of discount to Az per cent
s not only easily accounted for but the which
led to this rise may not unlikely lead to still further
advance This ia at least the opinion some Of our
longest headed men here The payment of 100000 iu-
stament on the Turkish Loan and the preparation for
the Foreign Loans make the capitalists gather together
al their funds There is steady drain of gold to the
continent to buy silver to send to the East which is
moreover likely to continues and you will by the
turns tomorrow and next week alarming decrease in
the bullion in the Bank of England Further there was
severe pressure for discount look for no ease in this
respect for time yet The foreign loans and our
must be met. There three millions more to 90 in
soyeregns to Turkey yet of the loan there We must
send gold to the Danube for graiuwe shall cease to re-
ceve specie shipments from the United States as the pro
cuce begins To come forward. and must therefore,
reckon on srngency and disturbance the great ele
ent OF our trade and the Bank must think raise its
rate to per cent and 1t might 60 higher This equal
70 cent 70 the usual trader who has to take three
and tour months bills from his country customers-and
hard to get them done at tha-so that trade sadly
hampered. We cannot look for any active and hopeful
trade so long as this monetary tightness exists.