New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1855-12-12
Net0 Orleans saonep 9aarAst.
Crescent OFFICE, No. 70 CAMr STREET,
Tuesday Evening. Dec. IL, 1856.

L luesQdy Evening, Dec Ii, 1000 J
With the remarkable fine weather we have to note in
ereasDg activity in the market for all descriptions OF
produce notwithstanding the depressing accounts for
Cotton received by the last steamer from Europe our
market continues under great buoysncy The present
position Of commercial affairs in England sets at defiance
all the opinions to consequences Of this var
We find the consumption Of Cotton is the increase
and the stocks in Europe much lower than the Cotton
Bears had any idea they would have reached and be-
eye that the trade Of the United States in
healthy and prosperous condition possibly may
be too sangune and judge all the other sections by the
favorable appearance Of business in city Bos
ton is undergoing little trouble at this time, owing to
overtradng aud banking, and by undertaking to
control too much Of the great trade of the West The
extraordinary expansion of New England banks in the
attempt to control the great crops Of breada in the
West the main Of the present moneyed troubles
in Massachusetts, rather in Boston, in circles
Boston is considered all Massachusetts and Massachu
sets embraces all New England This Legitimate way
Of forcing trade from it's natural channels will work Its
cure and our good city from the elevated credit Of
Its banking institutions will certainly hold and receive Its
share Of the increasing productions of the West vide the
prospects Of making Cairo at the junction Of the Ohio
and Mississippi river depot for the great producing
State of Illinois and the uninterrupted communication
which it enjoys with our city. Charges on commerce
must increase in Northern cities, particularly in New
York. At the meeting Of the Common Council Of that
city, the Sd inst the city Compsroers estimate for
the year 1856 presented, calling for taxes to the
amount of six millions four hundred and seventy five
thousand dollars being increase of eleven per Ct
the year 1855, sc follows:
The total amount put in ordinance, to be y%,
raised oy Tax, u.s. 50 a75 655 %
Amount raised by tax in l655 ........ 5S438 22 SO
Increase over 1856. S632N32 "a
If We refer to Philadelphia and the following condi
| finn fafFa in MT ty rdiuUta xatfo
The votes in councils show that authority will be given
the city to borrow million Of dollars to pay floating
liabilities, and to issue bonds to the sunbury and Erie
Railroad Of million and fifty thousand dollars and to
the Northeast Railroad five hundred and twentyf
thousand dollars Here Is addition to the funded debt
Of the city Of two millions five hundred seventy
thousand dollars! This Is png it up strong. It
demonstrated to the satisfaction of councils that the
real estate Of the city was not taxed mp to its capacity
that body is about passing ordinance putting ad
dtona tax on the real property Of the city of seventy
ts present assessed value which BY the last
vsiutiou is s142 202 The debt of the city with the
proposed additions, set down at about S22 100000
After this expose of the two great cities of Philadelphia
and New York think that NewOrieanians exut
in position and real estate proprietors would
only take interest in its municipal affairs should
have but little trouble in meeting all engagements of
city.
The Money Market continues well supplied in fact it
dull for lenders and holders Of good paper almost
dictate their terms An extraordinary of things
exists at this moment in moneyed circles the whole
chnery Of finance works along Independent of all outside
influences Northern markets appears to have action
whatever daily transactions in market First class
paper is with ali note brokers what does go into
their hands is placed at 81 to per the
Of good with strictly prime being placed at
good second grade at 10 to H. and thirdrste IL
Of all kinds the supply ia inadequate to the demand and
ktng is not eountenanced there is not much paper
offered but what meets with sale.
There have been some sales Of stock within the past
two days. embracing 100 shares Union Bank at 1O2 80
shares at rs shares Bank New Orleans at 49, and
100 shares Canal Bank on P. T. -.5
The steamship Texas, from Vera Cruz to-day brought
S58722 in Mexican dollars the highest offer We heard
1854 small sums taken by the brokers at 1O3
| The Exchange Market was somewhat under an agree
able excitement to-day for Cotton operations Domestic
funds continue in request the demand is however freely
supplied by first class drawers at X to X per discount
for sight with small sums at and though the Banks
hold nearly $4,000 to-day there is no inclination to
recede from rates. Sterling also partook of the
stiffness. Bills of ladipg have been taken high as Y
extreme rate snd quotations cover
raj sales Clear bills have advanced, and drawers are
asking SIX. As sales have yet been made at that
do not place quotations at high figure but as
said Saturday last per ct. would be the current
this week and sales having been made that rate
place that figure the Of actual sales and quote
| this evening: #@
day. days On London ssss s @
ss az: s'ass cent 4:
Sight New York, bankers drafts 94 n csnt all
Checks New York, bank rate stiff. 4 cent an
Three days sighton New York street.
Ten days sighten NewYork, ..,.....A61H q dis
Banks purchasing at various prices say for sight on
New York from Il to X, and sixty days from TX to ~
and az. A sale of 100000 Francs made at 5271
| We have communication from Msssrs Page s. Bacon
| St. Louis, which will be published in our next.
The London Times Of the 18th ult. says:
In tie trade Of the provincial towns during the past
week there has been increase of activity but the
high prices of the chief articles of food consider
able pressure and tend to render the operative classes
dissatisfied with their wages At Manchester the market
has again been we'll supported although there less
animation at the close than the commencement The
Birmingham report shows material alteration In the
position Of the iron trade. Such change may have
taken place u.s. perhaps the side Of Improvement but
the maintenance OF general quotations is still rather
doubtful The "Toll-endn furnaces have stopped with
liabilities for f3So00 on the part of the establishment
who hope to pay in full but require time. small fail
has likewise occurred In the nail trade and the mer-
camille firm of D. v. Blyth Co seeking the protec.
ton of the Private Arrangement Act in consequence
individual losses sustained by their principal partner AT
Nottingham the recent recovery consequent chiefly upon
the orders from America has been sustained. In the
woollen districts there has been alteration, and
IA1fh .-f T.