New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1855-09-10
COMMERCIAL MATTERS.
Menu Orleans alo1sp alarket.
cnEscEsr OFFICE, No. 10 eAsrr srrEs;

i 2
CnEscEsT OFFICE. No 10 GABr srnEsT,l
1 Saturday Evening, September s, 1855
The demand for money on the street extremely
SMALL and though lenders from being absent
borrowers appeared to be equally 90. Very few note
brokers have any paper hand Exchange brokers
well supplied with all kinds of bills. The offerings in the
two Banks to-day were $19500o Of which only
about $4,000 rejected One uptown Bank only de-
cned $4,000 this reveals remarkable easy condition Of
affairs II is seldom bank finds itself in position to
to every demand in the wsy of loans This Bank
also in line this morning, $4,000 the Citizens
$24000, which, with their daily receipts, makes pretty
stiff balances. All the facilities which the Banks one
and ALL will be capable Of granting the community, will be
wanted in November to the heavy stock Of Cotton
which will have accumulated by that time. 1t Is crafty
ing observe present prospects that they will
prepared to grant them.
There has been considerable doing In Exchange yester
day and orders Western account being
in market. One of the largest and most Influential
houses which has been quiet for many weeks has
nenced it's annual movements and 1t ovesi leaves Its
mark uninfuenced by the ruling rates Of the day which
gives something of incentive to the general operations
creating life and activity in exchange circles adding
to the facilities Of the Cotton market.
First class Sterling Bills taken at % to9k. For
direct remittance az is asked and Bank higher still
Bills with shipping documents both England and
France freely offered There report Of sale
Sterling at g. but did not meet with the drawer
seller and cannot place the rate in quotations.
Francs were to-day First sixty days on New
York at to y dis opening at the latter We quote
| this evening the closing rates of the day:
1y az. On sass prem
sia.yy az az 90 Pss Win L iaiias
sIty days on New YORK, ftst ella 15I&
sst on 5 M yors M s a - en-. en-. a as
ebeek I" o. New Yoll Bank rate - y ssas n as
The movements in specie continue. Mexican dollars
rather dull Of sale at and dealers look
decline say to l03h round sums are held at 104.
The steamship Cabawba, to leave tomorrow for New
York, akes the following;
Shipped BY B. ass1to
Mcsay in Mexioas Dollars.
Our bank officers and managers are returning from
their jauns Of pleasure and business Among them we
observe the Cashier of Branch Bank Second Munich
pality.
The inquiry has been made Of u.s. who will be selected
to fill the Presidency of the State Bank in place Of Mr.
Peters The election will not be made before November
when full Board will BIS present. Mr. j. M. Lapeyre
still ofciates as Acting President which position he has
held for some months Mr. JennsoB Eager last week
elected Director to make up the quorum of the Board
We notice the intended retiring Mr. Wood from the
Cashershp of the Union Bank the LIST of November
Mr. Wood has proved himself able and efficient officer
and carries into the position which he partner
in the Banking and Exchange House of James Robb &
Co., the advantages and influence which many wears
devotion to commercial and financial pursuits and
we doubt not bis matured experience and general nte
will be equally advantageous to the commercial
community in his sphere.
MIR George freret who is at present connected with
the BANK and who associated with old Union
Bank for upwards Of twenty Secretary Assistant
Cashier and Cashier will occupy the post made vacant by
Mr. Woods resignation Mr. Freret is well yersed in the
general details OF banking and has proved most efficient
officer In the winding up Of the old Bank, as all the
Stockholders will vouch.
The first week in September Of the year 1856 closes On
more extensive operations, particularly in our great
staple Cotton than any preceding year on record and
when the condition of affairs is closely scanned with
partial epidemic prevailing the conclusion will be readily
reached that the season most extraordinary one and
thus far favorable one. Let quote condition of
affairs thirty years ago say the 10Th September
From circular before u.s. speaking Of Cotton 1t says
There has not been sale since last one week ago
an inquiry. SO far could Learn. and blank
quotations continued There are various accounts
circulation regarding short crops nearly all the Cot
ton growing districts by rot oaterpars etc Arrived
this week from the interior 10 bales (new erop Mss
sppi bale Pensacola 10 bales in all 81 baes Arrived
in the same city In the week in September 1855
211T4 bales Our good friends those who believe New
Orleans is going down hill brush up their specs and
detar,.,a Sb.,h.r tb.r. 4. ~ th a; 80 ,,a ~ So
~ !, -, =, -. = - ~ - Hos . uihefehce
between u ana Siis Al the same time there were IN
port three ships the tonnage the three three
briqs be7 tons for the tbrse eoht seboon.rs ssy -
~ - -. 60 c.. - 80. W. ons ~
az ne sioop osps' esos', q 10 TONS bound tor Texas
Ietal 10 vessels comprising 2l5S tons What have in
port oday Say 10 ships bsrks, briggs Ii schooners
0 stsar,obina .rnnloyed =Totat 90 ans go -. a,s,
-, mn, ~ . . |o Ne.'' Hs asaiuss' -i2'
eons Ihefe ~ ho6 az ths Time OF as many tons
as the fifteen vessels alluded to- but there is doubt II
the nresant rate Of frs;ghts copia ha,s ta .,;..,
tons aS' in port and the conclusion is pretty safe that