New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1855-11-24
COMMERCIAL MATTERS.
Mn Orleans aslonsp ssgarkst.
onxscrsr osg,cs, No. 70 o4as s1nssr

Nsu Orleans 5ssonsp Ssgarsst.
GRxscEEr 0SFlcE, No. 70 CAsy srnxrT
Friday Evening, November %, 1856.
Ins esnsdas adycss from Liverpool which recsiysd
py and published Ia this mornings issue have
impaired tho most favorable feeling In all circles The
SHY reports Of was between America aud England never
received the least eredsnee In our community and of
course have not had che least inusnce 10 commercial
ccles There will be time enough to think Of war when
Britain desires IT, q s
The receipts Of produce for tho past week have been
large SALES have been ccrrssponding,y large amount
OF money has boon thrown into circulation and the
general indebtedness Of the community has been our
tailed much more than in any former the sans
period Of the year The calls the Banks have not been
beyond their daily income excepting with the Bank Of
Louiasna but how this institution can have double the
aount Of itsncome offered for discount cannot be sc
counted for only that the short time paper in their porte
Jee 10 Of so limited amount to be absorbed BY
even the most restricted amount Of oerpgs Ia well
known that sixty and ninety days ago this Bank had only
very limited calls 1t, great resources consequently at
this moment its income must be rather limited.
On the street to-day It has been dull for lenders Of
money though there increased quantity Of paper in
the hands Of Note Brokers all having the least preten
sion to character and safety readily placed at to
and per Of for four Eve and six months and longer time
from 6to 10 per Ct For single names that il one fair
city name and long date twelve months range from
to Is ct though there is in faet but very little
mercantile paper the market falling due beyond the
montha of May sndJune next or mortgage paper such
as given for bona fds operations in estate rstes
low, being from 81S to 10 per cent.
Exchange to-day was firm. Good Sterling with bills
lading WAS taken 6 to 6A For direct remittance we
did not esrn Of SALE Some Francs of fayorits sigma
surc, say 10000 were taken at s55x. Though small
amount 1t Is sufficient for quotation Domestic funds
are firm at our Quotations, and We quote:
I'M sss prem
s1 Nav i ssaf a,
s,Sy days On New York produes bills. u cent dis
Tbtss ,asa sss Nov York GEN. a.
sightand chscEs On ser York. banh la,e cent dis
There has been acoersons the specie strength Of
ths banks this week Tho Black Warrior from, New York
brought $4,000 in gold, OF which $4,000 was for the
ettizens Bank and 100000 for the Bank Of Mobile,
which is going forward.
The receipts Of the week are:
BY the Black waro from NewYork Cis1ens' Bank
From Galveston. Unisn HAM s'seeo
From ss.shsIs. . Iea ssoo
B;.. s ~
BY sandry e0nvsysnees via $500
Previously sss
Total since lat September Of sQs sgs
The 100000 In transit for Mobile consigned to James
Rebb Co. is not ncluded. Over one million Of dollars
In gold has been received by the Treasurer Of the Mint
since the LIST Of September which would 60 to increase
the amouns Thsse transfers the Mint are made to
cover the of the at this point
Though New Orleans has entirely dsregsrde by the
Secretary Of War in his divisions as being place of
ordinary note yet it is convenient that the dsbursing for
the government should be through the mint 1t ia con-
song to consider that there is authority with the War
Department. to close our Mint.
The free banking system has now been in operation
two years in our city that has fully answered all the
expectations Of it's most devoted edhsrents giving full
ana perfect security to the bill holders cautiously moving
and working under the echnicslities Of the law mar
taking IN the various manifestations trade with the ad
vsntages conceded TO the old Banks around which eys
tenn IN case OF need the free Banks can with safetv Jook
as nucleus It resolves itself that the two systems
work so admirably harmoniousy and that the
Welfare is 30 blended in the ultimate results that fres
cannot now be said to be any longer on untrjed
experiment They undsr very restrictive law from
which there are no chances Of deviation without AZ
bsiug brought to immediate hquidation and although
there apparently no prospect of further increase of
banking capital being required tho active trade of the
city WHAT'S now In existence judciousy employed
yet we believe that increase capital of the Union
Bank Of the city could be effectively and promptly an
Piled to the general prosperity and welfare of the ;tv
It well known that s75o0oo threefourths Of its
capital Is devoted to its circulation that its general in
crease Of business its circulation to be entirely too
contracted for the general advantages of the community
and without ntmang the growing decline in the crcn
ston in of the old Banks is sverse to any Increase
Of business it Is manifest that the capital of the Union
Bank can be safely increased to two millions Of doars
That sue increase can be rendered available and Of the
highest utility to every interest which 20 to make up the
o. A anfp
would be Of the paramount objects in an increase ~
capital and that the security for such increase viii OF
course have to be based city State bonds II does
not require much considerations need any argument bs
raised on the question: but that the increase of ana
should be on the investment half or three
quarters Of such amount the bonds of the citv aspea
to the opeousss and Jackson Railroads. on which bona
the circulation would be based This would at once give
these two desirable roads impetus which would be an
incentive to property holders to embark literally and
freely forthwith In completing the roads to such points as
to canse confidence to residents che country to come
forward with material aid and further their compilation
We received dates from New York to-day to the 18th
inst Money was still in demand with good paper selling
at 10 to IL per ct, Oar accounts say:
French exchange was low. Southern francs could la
bought at %, and bspkers bills on Paris at 20 To
522A Sterling bills offer still favorable terms
JOG to 10Y for produce bills which sales were made and
heavily. d, - 'S Si'4.is
We append our usual weekly quotations OF Stocks
Bank Louisiana ,,.,,,,,,, =. leo maid ~ ,a,.,
state Bank iss
S Sada, saa RAM
Mechsrics' and Trader . w g $50 ~
Southern Bank. ~"
lneh bnnk .l00
Bank ofNsw Orleans. ~ ~
e,ooma1c. Wa, tco
Cayrol 4S
Pontchartrain Railroad. Nv 3
0pelonsss Railroad. wv a ~
jackson Railroad -, ,sssav
ST. Charles Hotel Company. :. SgpS
Odd Fsliows' Hall.
Pelican Dry Dock w
New Orleans ms. Company. Ivy IL
City Consolidated ,es
City Bonds for Railroads.. = rou 9SsG
pIAso nonds
Ins usual facilities for the sale Of unourrent coin and
bullion Of every description continue. uneurrent Bank
Notes meet with sales at quotations which are the
rates Of IL b. Merre Co. who learn are prepared to
buy bullion and coin every OF New York rates with
Slight difference of interest," and uncurrent notes OF ali
hosb 49,