New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1855-11-15
COMMERCIAL MATTERS,
Mes Orleans aonsp aaarast.

CREscgnr OFFICE, No. 10 Camp street.
Wednesday Evening, November A. 1856.
Tho arrivals from the West for the two days past have
been large which has caused great activity bus
ness thoroughfares The levae all life and animation,
which is enhanced by the very favorable weather which
prevails We have only to remark that the increase to
our population continues though such increase adds
thing to the general circulation of money 1t mparts
confidence that tbs great and varied attractions Of this
emporium OF the Southwest have still commanding
troll In the minds Of many Thousands of hs citizens
this confsderacy. To the arrivals from the
West this week have to note the resumption Of inter
course with the interior Of Aiabam& via the Lakesa
steamboat direct from Montgomery, with full load Of
Cotton arrived at the Lake end Of the Jefferson and
roton Railroad Other arrivals are also reported in the
basin Of the New Canal The resumption Of trade with
the Alabama river not only extends to Aapsms but the
business with Georgia. via the Apaachcols and the Chat
tahouche rivers will also chow its impetus long The
facilities OF negotiating Exchange Northern cities
this time induces large sums to to this market
which might from various circumstances seek other
marts The fact it, New Orleans has the call at this par
tcuar period in all financial negotiations and It will be
very difficult to direct the Of trade hence under
the very remarkably easy position Of money market
Among our old citizens who have returned recently
from European tour notice the President Of the
Bank OF Louisiana We welcome him back to the scene
OF old times and should auld acquaintance forgot
he will ind bis institution in about as strong position
1t we'll be- and If he will take an active inter-
eat in railroads. his influence and personal avsla
bties in furtherng the objects Of these necessary
proyemens he RAY rest assured bis will descend
to posterity with others which have added ustre
and to the sscutcheon Louisiana and Of our
common country.
We have change to note In the general feature
the Money market. Buyers Of paper are plenty, and
from all we gather likely continue So The
Banks are far from being called for the full
what they loan In fact when scan closely the
financial position Of city really rejoced to
find 1t 80 strong and impregnable. The turbulence Of
European movements react Shores the winds
and waves beat fercey but the effect on our city
will only prove the impotency Of all who believe that IL
has reached Its eliminating point. g..
The Exchange market day presented rather drmsr
appearance, with less Offering First class bankers
bills 90 days on New York taken in large amounts
at per Ct dis other grades ranged from to tx and
tx this last Is an extreme rate and only sppes to
those bills which placed the market with view of
employing the proceeds In such investments our mar
ket SO often affords the udicous and close operator
Sight drafts were sold at u to per ct dis the Banks
generally holding and selling at e. There was fair
demand to-day for Western Foreign Exchange
was more in favor Sterling, with bills ladipg, were
placed at 81 to 6h though buyers were not willing
at that rate. Clear bills range from 7 to *
Francs are without change, and 5.3sx to $50 will
cover the operations of the day Some negotiations both
Sterling and Francs which made days since
being consummated These transactions cannot
within the routine of this week. but were quoted ut
the time of negotiation.
We received to-day parts Of several mails embracing
adyices from New York late as the 7th Inst. The
Courier Enquirer of that date says
arnar in
Wall street. under the influence Of fear Our most solid
railroad securities have reached very low points NOT
coming The banks ars reducing their loans Il tbs
Of million per week while the aggregate specie on hand
In the Banks and subTressury Is greater than it was
Banks. sub.Trsasury Total.
Nov. ., 1854 sl0,s04, 500 s7e696o0 si7e74 200
Nov, Q, 1855 SO. 1i,l0e3oo 75037Oo 100000
Great difficulty was experienced to-day in obtaining
margin Further failures are reported 1t phiiadephis
and In this city among the brokers' which adds to the
alarm already unnecessarily created.
Foreign Exchange was extremely dul to- day-the or
ders for shipment Of specie being The rates
Of exchange could mot possibly affect them Good drafts
106 to l07 Choice bankers bills to the amount q Io0
600 In lot offered at 10s in order 10 prevent
the export Of bullion but Of avail Gold was ordered
and gold must at any price. We quote bills on Lon
dom mercantile 106 to 1071I bankers bills 107x to
losn Paris u n 70 POI Bremen 7sS to 7sT Am
sterdam H. to AM Hsmburgh SO to 3s1<.
1esa - 1ue hiees pug-peaF" Oh all commercial mar
kets but 1t appears specie ordered for Europe and 90
1t must. We y
Tbs Baltc's adyices created something Of panic in
New York Stocks. fell from to per Ct as compared
with the week previous and from IL to 5 per Ct as
pared with rates In October.
The weekly statement of the Banks Of the city on the
Sd inst shows
I ~ $s47 2sa
I s ~ specle 67223
Apparent gain In deposits. Observation-Disclosures. 8i2YI4