New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1855-07-20

COMMERCIAL MATTERS.
Nsp eDrlsans Gssnsp saarast.
oHE ,sS. orr,er, No. 70 Camp s.rses.

| s Thursday Evening" July 10, 1856. !
The destructive fire this morning and the rain during
day caused great interruption outdoor operations
and the day passed without any other change than
stoned by these circumstances
We observe further arrivals Of cotton which, with the
receipts of produce from the West seem to keep up some
stir ON the evee when not interrupted by showers rain
which are becoming too frequent for the comfort Of
our commercial community. 5@
The telegraphic adyices by the Canada, three days
later from Europe had but litts effect the market
All thoughs which not Influenced by events In the
Crimea are turned towards the condition Of great
staple from day to day receive favorable accounts
Of its progress We were informed to-day that bale
Of this years. growth of cotton had been actually gathered
and In market as we have seen it. we can only
conclude the is premature and the
had its origin from interested motives There was mode
rate inquiry for money to-day The offerings Of short
paper In bank falling Of from the circumstance that
very moderate mature here in September October
and November oflong paper ell falling due this side
March next has great share has) been safely slowed
away in the portefeuies and tin boxes Of buyers and
banks for time unless occasional sale transpires
There was but moderate enquiry for Exchange to-day
The banks selling New York at per cent and Of
time bills did not hear Of sale. Sterling Ia dull
First class drawers for direct remittance hold 10 to
prem Bills with shipping documents negotiated
S which is the rate Of yesterday and the day previous
In francs there inquiry ct present rates. say SIX
to 508s&a decline would in all probability bring out
buyers On Western cities there Is only moderate de-
mand, which is freely supplied by private drawers on
Camp street at par to Il discount Louisville to
N per cent. premium st. Louis u per cent dis on
Nashville. -=-
The steamship Granada for New York on tomorrow
morning, will take $4,000 in silver chiefly Mexican dol
with some old coinage of American stamp shipped by
aasoi msns 5SoS
$1,000
None of this comes out of the banks.
The only Gale Of Stock to-day % shares Union
Bank on P. 7.
Our dates to-day from New York give less fattering
statements Of the Money market in that city The
nal Of Commerce Of the 18th says:
There Is large amount Of money loaned call and
unsasiness ia felt to the calling In Of when
the demand for discounts shall become active
considerable portion Of this is upon State Stocks and
when capital required to the incoming CROP these
Stocks be used basis for Western circulation
thus relieving the market Of all thrown upon It, In re-
gard to the amount loaned In the street upon fancy
Stocks there la wide difference Of opinion The truth
lies doubtless in medium between the two extremes
estimates That any sudden contraction would create
of panic in the Stock market there can be
doubt but whether this contraction ia likely to take
place. If it does whether it will be Of long continuance
reana to be shown in the future. Meanwhile the tone
Of the market here less buoysnt than during the past
fsw weeks
From the Express we take the following.
Private letters from Europe by the steamer anticipate
that in few weeks prices for cotton will be high on
the 18th Of june Harvest prospects
proving money market easy continental exchanges fa
vorabe, sc. Indeed, the great to be little
feared any Impressions tmay make upon British trade
The people of Connecticut after three years experiment.
ing in Free banks have sgned their belief in the
system and accordingly the Legislature at its recent
SION repealed the general banking law of the State and
gave special charters to the banks organized under IT,
They also passed act limiting the circulation of every
bank in the State to the amount Of capital paid for
bidding eny bank to give credit to any individual com.
pany corporation for than twenty per cent its
capital paid in forbddipg any bank to loan its bills to
person. company corporation under agreement
the part Of the borrower to protect the circulation
such bills forbddng any bank to loan of the State
than onequarter Of its capital stock paid in &c
&C. Penalty for each offence $1,000 and in of
ing circulation above the limit the directors and officers
! to become personally liable for the excess
The commercial community Of New Orleans is closely
connected with St. Louis and the condition of the CHIEF
moneyed institution of that city of than ordinary
interest. We append the semi annual statement:
Aggregate condition Of the Bank of The State Of Missouri ane
| - It's branches on the aOth June, 1866: -.