New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1855-09-15

COMMERCIAL MATTERS.
Nsn ORLEANS Ssonsp asgsrsst.
CREscEnT OFFICE, No. 10 Camp street I
= Friday Evening, September IA. 1866, (

8 CREscEcT OFFICE, No. 70 Camp street
Friday Evening, September a. 1865. !
The weather the next six weeks will be the para
mount object OF thoughtgrest soictude felt regard
ing the equinox particularly FOR woe is the
apparent welfare Of the South west dependent the
| heavens. sad4
From the rst to the fifteenth Of September 1854 the
weather dry with only oceasionaily slight shower
Of rain the 7th 18TH 10th and 10Th heavy rains fell
in this city and neghborhood the 2lst they partially
oeased but from that period to the first October the
weather very wet and unfayorabe for the gathering
and drying of Cotton On the first Of October very
storm occurred and the westher improved after
wards and continued only moderately good during the
month change from the warm weather Of summer to
autumal months occurred about the 9Th Of October.
We are ct this time having real summer weather. in
fact the dog star in the ascendant No rain has fallen
since Monday last and the week will close under as heavy
an amount Of business in Cotton and other produce
for any previous for many past In fact there
Is no precedent comparison far regards Cotton
Our dry goods hardware clothing and all dealers
receiving their ususl fall supplies which, with what
expected during the present and next month will exhibit
the country trade good and select assortment Of
merchandise be found In any other city the
continent That merchants will be able to grant all
reasonable facilities in the way Of credit, and fell goods
low terms in other places Of note there not
doubt The long term Of credit given in philadelphia,
New York and Boston, productive Of injury
to the country and dealer than all the pres
panic and convuons In trade occasoned by other
causes combined That system of credit based
son and sonndne,s which combines short terms not
ceedng four to eight months is of service and beneft
all parties cannot be Questioned but the credit system
has been We may say systematically sbused The
try dealer benefited by IL and Is months
dit with extension afterwards and very often 80 days
sredt is just good year. where the buyer does
mot intend to pay only at his convenience.
As city the natural outlet Of the South aud
the for its great productions it is obvious all
this is the place for all purchaseall dealings which
so controlled by the produce that sesks this market
sale and exchange. II country friends dispense
with little vanity Gas goods sometimes supposed to
sell better when purchased in Northern abolition citie
pstronixs city broad and liberal principles IL
would prove advantageous to all Southern interests
with which 1t Is presumed the greater of the eredsble
| and respectable country merchants are identified
We have change to note in the Money Market only
that the advances funds appear be
lating and good paper In fact market
in that condition that holders of good securities
almost their own terms paper having less than six
months to is placed at 8 to per cent long date,
to LOG second class, appearing There is but
very little paper to be having over and months
We would not give two double eagles for all the
| brokerage paper to-day on Camp street.
| The Exchange Market take 1t all round, presents
good state, although first GLASS drawers
New York holding at "a per cent nevertheless tbs
banks ipd fair supply Of good bills at TX IL pc,
cent discount. The banks very nrm at par 70,
checks The types this morning made say 90 days
New York, general run, to u per dis. It shoule
4 read TX to ~ dis.
| Sterling, with bills Iading, was taken to-day at sM
quiet at quotations The whole story re-
gardiDg Exchange is told in few words The earl,
receipts Of Cotton have placed larger on tn,
market than anticipated yet rates reunerasive
those dealers who have remained during the season
city have reaped advantages that transient
will be debarred from eontending for. We quote
| this evening ss-- s.J
si1ty daya % Lenden fssI bt CT prem
si&iy dAya on rhf h dsm ana liH5 liz
Sixty days on New YORK. frst
Sixty dayl Ne. Ysik general grade
Sight New York, irst
Cheeks NeS York, bank frn
The following is the comparative rate Of Exchange fo
| two years past.
Sept. 49, Sept. ID, '54.
Slstlng se5sE ct
Francs 81 ee9S:o5 2st@5.il5
Sight New u prem 9X z c. prem