New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1855-12-31
COMMERCIAL MATTERS.
Nea Orleans faonep :GGsst.
CRESCENT OFFICE, No. n CAMp Strict,
Saturday Evening, Dec, 20, 1856.

Crescent orFrcE, No, Il CaMp srRrEr,l
ss Saturday Evening, Dec, 20, 1856 !
With one OF the snnus holidays, viii three days Of
rain and wet weather. with day Of be and freezing
propensties it is not to be expected ht record
the week closing being favorable or general bui
operations nevertheless the sales ofproduce for the
six days approximate the respectable figures Of three
million Of dollars though operations in Cton have fallen
off, there have been very heavy gales in Western prodce
The business with Alabama, Georgia Wis paachcoia md
with Florida is fairly OPEN and promise be equa to
any previous season. With the 0uachta Ind Red Rivers
there great improvement attended win large sale Of
produce and merchandise for those sections givngife
and animation to many sources Of trade connected With
the ourishing Northwestern part Of ourstate and Ast
ern Texas which has been debarred ncethe year bore
last.
In the general city trade though god business has
been done yet from the nclemency of the weather. as
been to that extent which had the pleasure ore
cording last Saturday night
In money there have been transactions ex,nt
which reach in paper Of various kinds fonhe
favored names of the mammoth cotton factors tothe
modest and unassuming candidates for Electromagnetic
have fame and fascination yet to attain 1t is maest
that there be paper heretofore grated
for the benefit of the sugar interest The very greatef
cheney in many sections Of the State of the last rop
places many planters OF limited in the hans of
the moneyed and lending capitalists. Our belief ia hat
increase Of long dated acceptances will confirm for
the next two months At the time it Is due 1.-THE
general welfare of the financial community that idg-
ment discretion and strict adherence to Legitimate
transactions attend the movements OF both panteand
factor in the arrangements and negotiations for thsea
son. To the younger members Of our commercial fter
nifty will not hope, be deemed presumptous Your
part for to suggest that they restrain that emuon
and ambition which often characterzes aspirap for
business for fame and wealth. which premeturely ruces
many to responsibilities prospective
tages Ia the womb Of futurity This policy whic has
been followed in our city for thirty years. has bes the
of commercial disasters than all the pan and
pressures which have arisen from other thin
that period If merchants afford to buy buness,
then that would place different version our gges
tons. Moreover, Banks do mot intend to enc,rage
horse and kite obligations and our money hders
will only take them at the highest rate of ieress,
called in the psrlance of the day, shaving"
It has been heavy week with the Banks, thong they
have not discounted quite much last weekday in
the aggregate about two millions and quarter Of oars,
they have been pressed to take exchange far be-
yond their ability yet good paper has been Ieetsd
without satisfactory Money outside have
from day to day noticed continues plenty. Theeposit
line with some of the Banks, we'll up being th the
Citizens Bank S3,5620o0, and the State $4,000,
making millions Of dollars in these twbanks
The Exchange market presented no new featte from
yesterday the supply continues largely beyondhe de-
mand especially for time bills Northern cities Some
of the banks made good saes of checks Network al
n per ct. dis. and for large sum, in one insnce
taken Private bankers were selling to faextent
at per ct, and though Bears were pressg hard
for lower rates drawers held we'll For 60 ds there
rather enquiry, and first class drsers Oh
tanned q for 70 days date New York, oths were
ready sellers at to 21s and ~, according sums
wanted The range for good to fair commerce bills il
from ~ to "a, 2& aud az per cent. dis. wch en-
braces both ON New York and Boston and sighfrom q
to x to Il per ct dis. Foreign all points ntinues
abundant, and very little regularity percevsb Clear
Sterling bills sold to-day at lo7. Of bis ading
there only preliminary movements web may
result in contracts at low quotations of gterday
say below 1861. The abundance Of material fmakng
exchange is extensively increased thathe pros
pect Improvement in rates is very remote 9e banks
are we'll filled, and cannot with prudence taxi much
that IT, they have not the The market very
unsettled both Sterling and Francs sales ofhe latter
have been made Paris direct at 5.32H lis would
give the general range from 5.35 to 5275a ssrng
may consider cannot be placed over 1o7 to Kind 1o7k
for clear bills and 1864 to 1888 for the genta of
hills tadiup .M..mg.. ....