New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1855-10-15
COMMERCIAL MATTERS.
]. rges Orleans 5stonsp asaarsst,

/ u : aU / 4 NJ
/ mr. Ir.f GREscRrr OFFICE No 10 Camp street.
s,'+'f's Saturday Evening October 49, 1856 +
Seldom In the commercial history Of New Orleans has
| seaaon1 buSiness commenced under more favorable
aspess or more promising prospects than the
before Us Good prices for Cotton high rates for suga,
extraordinary results for Flour and all cereals labor and
mechanism commanding the most remunsrative returna
shipping and steamboat interests most advantagsousy
employed Our moneyed institutions in the best of
dltion, our insurance offices doing lucrative business,
perfectly strong solvent and capable of sustaining the
great and varied interests Of community against the
calamities Of fire. the damages Of the rivers and the
| storms and shipwreeks of the mighty deep. E5h
The week closing has been most remarkable
for this time of year in the great staple Of the south
west fifty thousand bales have been sold the
pressing accounts from Europe appear to have had
effect. Fresh orders in the market predicated
events that have arisen but which cannot at present
executed from the difficulty Of negotiating Exchange. So
It is presumed parties the other side take different
view than operators for home consumption.
Money continues to be freely offered outside Of bank at
the most reasonable rate The offerings in the Banks for
to-day, the day Of discount which on Saturday
only $22Ooo0 Of which but very little proved I'M
satisfactory. The line Of deposits steadily increasing the
banks enabled to give additional facilities to trade by
purchasing freely Of exchange which they doing
the full extent of their ability The Canal Bank will
show heavy balance Of Exchange for the week. taking
extensively both In domestic and foreign. The Citizens
and Union, have also purchased freely; they, how.
ever, con6ne their operations to domestic bills. The
Southern has purchased and sold freely has heavy
balance 1t sometimes cuts and up the market 10
that astonshes the strongest BULL technically
speaking, it takes the bulls by the horns.
There variation in the general feature of Ex
change to-day. First class Sterling placed at
good bills at IL and ~ In bills Of lading we
heard of actual sales. Negotiations pending which
may reach contracts in the beginning Of the week
rates tending towards 6 to o. Francs taken at rs
to 521l. Domestic funds continue plenty, and for
checks and short sight the market rmer Some pr-
drawers obtained e to-day sums were sold
at X ten days sight sold at per discount the
Banks selling at n per ct. dis. There change In
time bills much anxiety to sell as has been eypced
at times during the week. Sterling appears to be the
favored object for large deses and 1t continues to
decline in NewYork, there IL room whatever fer any
advance In this market for the present in fact 1t is tend
ing towards the point where it will the importa
ton Of gold IL Breadstus for Europe con-
tinue to accumulate, gold must follow them to quidste
purchases, though 1t may not directly to this
market. -. -
The extent operations Stocks was 40 shares Bank
of Louisiana at 1401z Canal Is held at ia with very
little Offering the market The last Gale of State Bank
12lk There has been only sale of Mechanics
and Traders Bank since July-that was 20 shares In
August. 5@
An improved feeling is observed in the Stocks of our
Railroads. and localities proving realities regarding
the two great roads opeousas and Jackson we look for
considerable advance as the season progresses
Tho exports of produce from this port for the fiscal
quarter ending September 3d. 1856 shows slight deyia
ton from last year. but very great increase over the
same quarter for 1853 say forty five per ct. l
Exports Of produce from New Orleans the quarters
ending September 80.
g 1858. 1854. 1856.
Total amount Af56,6so i8,244651 II s2s34es
To the amount for the quarter ending 30th last
month"; (Sept) we Will add one third of the
estimated value Of produce detained from
reaching market by obstruction to navigation,
.............. 166sss6
|sF IS "a O p gF, g
1 Total. ....................... 12950l34
+. |= H9a' 90 7y 5sg 1s41Nga .
there would not have been any actual deficiency
had the regular Of not been interrupted