New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1855-10-31
COMMERCIAL MATTERS.
Mem GrIssns aaensp asgstsst.
eREscgHT OFFICE, No. 10 CAmp sTaEEr
Tuesday Evenjng, October so. ls65

eREscEtr OrpIcE. No. 70 CAMP sTaEEr. ! r
tuesday Evening, October so, 1855
Tho general features Of the Money Market have not
changed to-day Money continues easy Of access with
ability to discount
We had parts Of several malls day. but we could not
ascertain that anything Of interest was received Our
latest oates from New York Of the 22d, though
learn letters Of the 29d received There had been
some sales Of Louisiana SIX per Ct bonds e3x, taken
for the use Of banks in Indiana There also
sold at the PhadephIs Stock Board y.eght shares OF
New Orleans Gas Company at ia In Boston the supply
OF money WIS equal tp tho demand good business paper
being discounted the street per 80 to 10
days. The question presents itself If short business
paper commands these rates the Streets what the
banks doing that they do not absorb when the supply
Of money Is said to be abundant These accounts do not
,eem to tally. We hardly think there is SO easy money
market in the country at this moment that Of New
Orleans
We observe fair business doing In local department,
of trade In city Our great streets Camp Chartres
Reyaand Canal appear to be well hronged and judging
from the activity at the the annual impor
tatons Of fancy goods, millinery, with good stock of
gew gaws and the cast Of articles Of the ssionsbes Of
Paris are Ia New York arriving for the use and
benefit Of the good citizens Of this metropolis so long as
We do not import more than welexport we shall not com
plain, t-
There was but little doing in Exchange to-day outside
Of the Banks Rates Of yesterday firm with an ad-
vance In Sterling Bills with sbipn,no aocnmsnt. aa1a.
hsyipe been made At TX The r.noe NJ n. ,,ar,et I;
from eZ to7k Ths Canal Bank has taken clear ster
ling at TX and we learn of sale OF 1Io0oo Fx.ncs a.
52ek, while some OF the Banks conine their movements
more or less to local discounts Canal uses ito
both in that way and large Investments in Exchange
These Exchange operations essential to the general
routine and good Of business dscountipg of local
paper The Southern Bank has also invested heavily In
foreign Exchange ard has at times been Of great bsneat
to the Cotton interest in that line The Union ana
Ctzsns have both operated freely In domestic EXCHANGE
alone without contracting their usefulness to local bust
ness The Ajax the Bank Of Louisiana however
to be waiting for lowr rates. cannot say what 1t ia
doing. Its movements are all mystery to us nsrbsns
some connected with the wise ones and the antoua
RAMS can inform what 1t intends to do this season
Domestic funds close this evening With good share os
business Checks OF New York are firm at the Banks at
n per Ct dis; Bankers drawing at x and X &C.
cordng to SUMS time bills are tolerable arm for ran
kers' 30 day bills at IL to per Ct dis oshsr uradss
from TX to TX and "a with supply Offering aho1t
equsl TO the demand short sight rule quotations
of last evening -
There was few shares Of Canal Bank sod TO-DAY he.
lieved to be at 1l5. All stocks are firm
Ii Is manifest that too much apathy appears on the
part of moneysa snd aluen citizens toward. onr
utility Of these roads entirely overlooked BY thu great
mass Of citizens who hold their property and YEARLY
gains in cash or cohmercal psper. or course mention
Railroads to many Of our args real owners and
they excaim, taxes taxes! rents coming In pro-
pery idle, good tenants in the community A. ~
time they the property owners are on
the example yearly Of removing leaving the c;ty
for long short periods dispensing their income a, e,co
the aotual rentals Of their rea, ESTATE in e.
flo tfco i
has no feelings of adaaity and community with h.n =.
property hoders dc 60 they ought mt 10 o,I, - |
tenants follow the same pIsu and vscata 600 80
dwellings the annual return of the month Of J,rs
is this spirit of abssrteeism which is causing the r
decline and depreciation Of some Of the nronsr h;a
has for years stood in the highest niche of oood and
table investment. With feelings and assoeiaopa nm
part of many large owners of real estate sympathzino
more largely with other places other communities thar
New 0reans other results can be expected than what
Ia daily occurring viz, great complaints and uncb dis
the apparent decline Of trade In or it,
In the meantime great internal
tenn which is intepdsd to open Communication a;rsetv
with the heart Of the richest and most productive
try the face of the GLOBE northward bv the Jacao
and westward by the opelousas roads srs sppuisbin for
the want Of that support which 1t is the bounden ptv
our own citizens to furnish Very little announcement
has the managers of these roads received the mast
from majority those propretors of real estat h
are most deeply Interested in the welfare and
our city ana STATE For what has already
made ia due to the energy and untirp
,,r,o for.r As essohtion Vi
oe ieaune meEcnhnts and citizens. or the ulti-
mate compleon ar these roads nv.
=, . Nv VAC aeQuainteu with
,ficient managers iii, nn.,t;o, A44h --..,-r 80"
"i'' auee'ion. nv the same tlme some
hing more shan praise is required something that will
,bIitv ;nAna,oa Ia .aor., q. - -, "AAeee
.uAuehoe Aha ehort' IL can be obtained, mate
M eoinssni4s sono' avahaoie, and for security the
,,do,bt.a ...,,, nh- - - NAs os's''nape ana
a0oatSes' iney noia large amounto of State
A1 wy eonu', 1he'e ponos Without 1ncommeding or