New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1855-10-26
COMMERCIAL MATTERS.
Mem Orleans ailonep alarket.


| Nem Orleans monen Markei.
i CREscxNr 0yyrcg, No. 10 CAMP srRyxr., ~
| Tnursday Evening, October rs, 1856. !
i The Money Market comedies with the weather The
late change In the weather. from ordinary warmth to the
temperature Of the arctic regions very sepsby
felt by our resident population coming 10 soon after
reading the exciting accounts Of the Kane expedition
would lead to the belief that the sunny South had
vanced towards the north POLE 1t many years since
winter weather introduced itself at 80 early period
nevertheless the effect business 10 Of favorable ma
tufe and on the agricultural pursuits Of State 1t will
| also be Of essential benefit.
Our community has to-day been under considerable ex.
oitement at the puport of tho dispatches by telegraph
from Halifax advising Of the arrival at that port of the
steamer Africa from Liverpool with dates to the 18th
inst The commercial and financial advces published
In our issue this morning. confirmed by private dis
patches and much at variance with what sx-
pected that the distinguished individual who is always
well posted up and whose standing remark Is told you
sou has not been to-day Change 1t is unne-
state that under these accounts there
has been very little doing to-day, the most important
item knockdown at of half to three quarters Of
cent Cotton the stifening aspect Of freighs how
ever aids the prospective Decline Fortunately however
the intelligence at moment when Cotton fac
tors from the easy position of money market
capable of holding until the squat passes over though
the general opinion Is that the worst has to be received
BE that 1t may Cotton is to be the main object of
attack 1t consong to the country at large that Bread
stufs to maintain the present reuneratiDg rates
Whether there is actual conspiracy combination
among this spnners in Manchester and Spectators In
Liverpool to depress tho price Of Cotton moved and
coursged by the accounts Of early and extraordinary
receipts this port based the presumed quantity
be consumed under the desperate appearances Of the
question: is question to be solved by time. In the
meantime it Is freely expressed that the next accounts
may be less favorable There will be fair opportunity
decide the question whether the Cotton interest
OF the country support itself against the combine
items and capital Of England and obtain feir and just
return for Its productions.
There but little demand for money to-day In fact
the plethora money Is showing itself in the beraity
evnced to-day by the Bank Of Louisiana dscountpg
the city hundred and sixtysx thousand dollars Of
received for the leases Of the wharf, the 90 day
the rate Of per ct the 100 days per
these at 1870 days aud beyond at per Of This reiisyes
the city Treasury and places it in condition toastas
itself with the ordinary collections from otherrssorces
for the balance of this year. and certainly with the
mastery uancierng and sagacity exhibited the part
Of the Finance Committee of the Council It draw.
ing too strong creduity to say that the credit of the
city will be maintained and sustained In all requirements
unidentified and unmpeached
OF it IL for repeat that an easy
condition OIL money matters pfeFasthet all good paper
readily discounted by the Banks and outside discounts
are made from to O. 8k and per OF for four to five
| months
In Stocks did not hear Of q sale.
The steamship Black Warrior sailed for New York this
morning-had on freight the following in specie;
Shipped by H. b. Merrill Co., in bullion $4,000
| Shipped by W II. Leehford Co.. in bullion $500
-. ..... -....- sas,soo
| The steamship orizaba to-day brought in Mexican
| dollars and bullion only ST,6S6. We sometimes
surprised there Ia not bullion direct to this
market Our dealers here pay than equiva-
lent for it. The expenses Of shipping from Mexican
ports direct New York include higher rates of freight
and insurance and longer time for returns When our
mint purchasing coming dealers prepared to
| pay much than be realized by shipping
northward .-.
The Exchange market under the existing European ad
vices decidedly dull to-day for Foreign Bills North
Funds in fair request at the Banks at per
discount for Checks; outside, 4 to 80 days on
New York and Boston from 2 to az and TX per cent
discount $4,000 at 80 days Sight on New York was
taken at u per cent. discount There an increasing
demand thought is yet light for Northern Funds for
Western Banks. We have not heard of transaction in
Foreign Exchange to-day Operations will undoubtedly
be resumed tomorrow buyers of cotton willing to
purchase at reduction Of half to three.quarte Of
| cent, which may place more Bills on the market
ThS season OF Inc year mas now arrived when Savings
Banks ought to be accommodating business many thou
sands Of dollars annually spent uselesy, and for
which adequate return is received We have two of
these benevolent and worthy institutions in our CITY, the
Louisiana Savngs Institution the Of Lafayette
and Camp street. and the New Orleans Savngs Institu
ton, on the of Commercial and Camp street. We
pleased to have to remark that the deposits in both
daily increasing The former receives as small an
amount dime on deposit the other one dollar Out
of the immense daily, weekly and monthly paid to
aborers, draymen, mechanics clerks, and in fact en-
ployees Of every class the amount of deposits should GER
tainly reach half million of dollars per annum In New
York the amount deposit in the Institutions of
that State reach nearly thirty millions of dollars One in
particular located in the city of New York has on deposit
nearly millions Of dollars.
The utility Of Savings Banks more forciby
illustrated than during the sickness the past season
Many of those depostos who opened last year
during the height of business and deposited their little
savings found in the Banks we might say welcome
friends and assistants being struck down by sickness
their families entirely dependent for daily sustenance the
small sums saved and deposited daily and weekly were
found to be of essential services and that relief which
undoubtedly would have been obliged have been fur
nished by appealing to the charities of the public All
those who feel disposed to encourage the institutions in
midst cam think be perfectly satisfied of their
solvency and good management speculative motives
ambitious views other than to render the greatest
good the community govern the actions Of the mana
gers and ooers Now where Is the individual who can
not dime day from his wages, or one dollar
per week, or five dollars per month from his salary We
by the termination of this business season the de-
posts two Savings Banks will at least approximate
| a quarter OF million of dollars
We give below interesting items Of the coinage Of
some parts of the world.
The coinage of France the United States Great Britain
and Russia for the Lass two years follows:
1853 1854
-g-'- Gold. Silver. Gold. Silver
= States. sssaIsso1 sso7,s.l s9osasss s,sls,qo
France. 69tSass9 8,76ets3S sSsl9,5tQ 3i5Oo0
g. Britain. ss,27o,las 3sol,110 aeoslsso s7Tsoo
Russia. 167t57k6 fI00,00 l5,7211s0 97C0 l00
Toa...... sst.54atsl lssiS7n lss,7aa54s i2a1lsIo
The coinage of gold has taken the place Of silver almost
altogether, vchsr. -