New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1855-10-10
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so CRESCENT oFricE No. 70 Camp street,l
Tuesday Evening, October 0, 1855 j.
1t Is cheering to observe the favorable indications Of
business for the present autumn although many Of the
country villages in this State and Mississippi are severely
afflicted with the pestence the eitizens of which we
number among the best and steadfast friends Of New
Orleans We confidently hope long to have the plea
sure of welcoming them in our midst There Is no
dnnuton in the receipts of Cotton The regular coast
packets continue to bring large cargoss and with the
large arrivals of vessels during the past four days causing
very material decline in the rates Of freight there is no
deficiency In the Of transportation but this essen
tia and favorable reaction lie met by the growing difficult
ties in the negotiation Of Exchange, which continues to
accumulate the market beyond the capacity Of many
and the willingness Of other buyers purchase and Of
course decline in Exchange is just SO much to come
from the price Of Cotton nevertheless the operations in
Cotton continue large SCALE and do not appear to be
Influenced by the last accounts from Europe. 1t is
missed that the private accounts by the America in
respects encouraging than the general ccu
lars. There are however, restrictive limits many
orders before the market though large deliveries have
been negotiated for Several vessels have arrived and
others expected coming under charters they must be
loaded heavy demurrage be incurred and considerable
discretion is allowed some orders particularly where
they areon joint account.
The Money Market is without change, with very
meagre supply Of paper Offering. The offerings in Bank
today were generally within the income That income
at this season Of the year. rather for this month very
limited. Next month many obligations will mature,
which will add to the and resources of the Banks
aud enable them to meet the enhanced wants of the
business community Many of cotton factors have
large balances at this moment awaiting the matur-
ing of their responsibilities large share Of these are
under discount aud the Banks capitalists do not
want money there only few opportunities for parties
to purchase their paper.
With the large sales of Cotton the Exchange Market is
abundanty and oyer-sbundantly supplied Good ster-
ling bills were placed to-day at TX from that covers
the Value OF the best bills with shipping documents
range from TX TX We learn q negotiation was in
treaty at rate which would result T. but did
contract though some bills would be declined at 7
and under that telegraph dispatch from New York,
under date of yesterday quotes further decline in that
market 1o9 being the for first class bills OF course
this influences rates in market Domestic funds. If
anything to-day steadier The Banks selling checks
New York at X and " per cent discount and buying
sight drafts at rates from to q and per cent dis
There was good supply of time bills on the market at
2 to "a for sixty days for first class and 2 az for
other grades Some of the Banks to-day from baying
large balances had no inclination to purchase being
governed by the amount they sell in checks OF course
II after their Northern accounts reach certain
there is no demand for checks they suspend buyius
until change occurs, which generally GENES about in
few days Francs continue at last rates, say 80 to
5.2sa and 5.25 to 5 20.
We published last week the amount Of duties on i'm
ports Through Custo-house for the first quarter
the present fiscal year. ending the soth September W.
give the value of merchandise paying those duties
with the amount received for the same time in the last
fiscal year.
Imports Of Merchandise Bullion and Specit al The Net
Orleans Custonthouse, for