New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1855-10-29
COMMERCIAL MATTERS.
Mem Orlsans alnnep Alarket. 3
CREscEsT OSrIcE, No. 20 CAnr STREET, I
Saturday Evening, October u. 1855.

Saturday Evening" October ~, 1855. J
Our commercial community is enduring one, and
In tho present good position Of finances the sound sys
TEN Of banking, which sustain its movements, can APP
pareptiy stand anything. 1t Is mmateria what it is-
epidemics low water regular mail failures, psnies and
disturbances in those marts Of Europe with which
connected decline in Cotton of farthing to o penny
1t ia all the The energies Of cotton dealers
not to be frustrated Advces to hand day that
from the flaming and Wanting manner in which they ara
promulgated, would be supposed to be sufficiently dis
coursgng to keep trade il commotion week or drive
those interested into at Of spssms Bat they are re-
ceved scanned consigned to the Of Morpheus az II
were and ere the next twenty hours passes every
one and oil things Just bright fresh eagle d.
recty from ths hands OF the Subrsasurer of the Mint
in Esplanads street. panic cannot exist in our eity
longer than the going down the sun on the day
which 1t occurs. 49,.
The Intelligence of the 18th inst from Europe which
to hand Wednesday night and caused on Tues
day considerable excitement in great staple set the
bulls and bears in dour skies and seyeus heug the
buls think they have the Queation frightening some
bank managers out of their wits regarding Foreign E
change and causing others trade to believe tornado
was to explode right among them, has passed or and
everything connected with trade and commerce now is
as regular and calm a summer morning.
Cotton moving again to-day, though at low rates
in fact buyers only rested night after tho news The
most depressing influence however on the mark.t Il IN.
advance in and the stiening aspect of freights No In
occur in Exchange negotiations thew are
free.
The money market remains easy. The Banks continue
to discount literally in fact meet all demands for salts
factory paper, and that embraces this time broad
range Of makers We have change to note in street
rates in fact there is little paper the hands of note
brokers' that rates almost nominal This is evidence
OF contraction in business engagements though toe
early In the season for factors acceptances to appear
The only sale of Stock to-day fifty shares Of Union
Bank at 96x.
The Commissioners Of the Consolidated Debt ore await
ing adyices from New York regarding the proposed osu
purchase Of $4000o OF the amount of Bonds falling
due next month"; $S2s0o0 issued to the Draining
Company, drawing interest at per cent per annum It
supposed that the holders would very willingly exchange
them for new bonds drawing per cent interest We
have not heard much Of the Draining Company sttsrly
whether 1t improved enhanced the lsnds of John
McDonogh The city 1t appears to foot the bills We
| suppose, and pay the Bonds besides.
Tho Exchange market to-day was very firm at vaster
days rates Largo sales by some Of the Bank,
at " per cent dis on New York private dealers at X
though sales were made the street at There was
some close splitting to-day sales being made to one Of
the Banks at lb16 per cent. discount for Sight We
trust this will not be permanent phrase in quoting.
Time Bills were stih at rates below storine mar
took of the general upward tendency One of the Banks
| took large amount of Clear Bills at TX Sales with
Shipping Documents were closed at r. Francs vsra IN
request GOO placed ST. u and 100 ooo
with Bills Lading, at $3.50 The market closing
| steady on all points. We quote: