New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1855-09-12
COMMERCIAL MATTERS.
Nes Orleans saoaep sMarsst.
CsEscErT OFFICE, No. 10 CAN. srREEr, \
Tueeday Evening, eentamtar Ill lR6h

Ss@ epsssans SSaeaeg SMartat.
III CsEscENT OFFICE, No 70 cAnr srRKEr, \
Tneedsy Evening" September ii, 1866
the Money Market maintains the easy position While
we nave for several days had to notice. although tn
onerngs in the Banks (the Directors OF which meet 70
discount ON Tuesday, were larger than for some day
past nevertheless ali paper deemed good was passed Th
offerings to-day were about s29000O OF course In th
Hush condition Of the Banks no good or even me
dunn paper was rejected unless the applicant bad hereto
fore been greatly favored
There was no good paper Offering to-day on the street
me brokers are generally poorly supplied with sasactor,
and If the usual number Of lenders were in this
there would be great competition for the Yavorte
signatures One prominent broker says is no good
paper On the market and he has only depend on the
resources Of his gold snuff box prevent the
Of ennui from inearactang him from fulfilling the ordi
nary demands on his resources.
With the good condition OF the Banks which wa NH
ished this morning. supported 1t is by very heavy
of Cotton before known to accumulate at
early PERIOD in the season, the commercial comunitv
prepared with ell reasonable to facilitate busi
nsss Although an epidemic preyas yet is in so mo.
dsd and mild form, that it scarcely IL even thought of
SO lar as the permanent residents are concerned
Amongst the unaeclimated few occur daily We
are however pleased that confirm our remarks of
last week. that the sickness is gradually and assuredy
decreasing
Inc Improvement in the sanitary condition CT our
city and the arrival # vessels we shall at an early dsv
nave 10 chronicle further and rapid increase in bust
ness.
quote the Paper Market easy at 0 to OK for Al
having from to II months run the second grades
IL TO IL and third grade ID to is per cent In fact we
would not give double eagle for all the BROKERAGE nm
Camp street to-day.
Exchange had pretty stiff appearance tod mt
withstaudng there pretty large saes of cotto
week. approximatng to the amount of three uarers NJ
milton dollars yet the change for It, has not as vet an
on the market and the market day closed yery
hrn with an advance on good time bills on New York
Sixty days hrst class being held at though sales were
made at we are of course compelled to enhance our
quotations Foreign is quiet though there are fair pur
chases of Cotton for France
We quote this evening: ,..- ...--
SKY 49, Ing " Ct prem
york diit asa. 4. 2asFa
% NV s YesE I'LL III siss
Checks Yo'E bank rate inn. q cent di
On Western cities no demand "Reminiscences ba,n,
IN New YORK funds, which equivalent to coin ana
much more easily transported.
We have dates to-day from New York to the Eth inst
we hhd in the New York Courier and ENQUIRER NJ 49,
oaei ths following rich regarding Cotton wbo
the well informed parties who place the croo nm ira
zzd August at 100000 to S40o 600 bales? We das;r
they send their basis to our sanctum
From the region tributary to New f,r,o.rs ..
Key Japo,a1 ana our correspondents generally dis
poseu " estimate very largely. Although we are well
tna IL IS very difficult to approximate the probaha
yield at this period of the season vet a. NV
opinions now entertained Of the prospects Of th te
some well informed parties at New Orleans We apnay
s fo ear letter of the 22d uIto
ms hews aoont the Cotton crop Is favorable althonyb
we occasionally hear of com plant from afrs
III @ MI ~ ehe whole It is generally supposed that
f..q Am
AIDED to the remainder OF last years. orop will show ~
largest supplies ever receivedn ~ " 'ne
FROM cincinnati paper of last week We ia ke the
graph below and have say as regards tho ,ota, ~
Ioaeau@ BANKS OF the Banks of New Orleans, we are
10 learn thas tney are in 80 high repute But we
~ W ps UNDERSTOOD IN Cincinnati other places
mat the Banks of this city never take any mssns To ~
shd lneir circulation they discount paper WITH
ne expectation that their Issues are to he circt, H.
ssans places moreover If such propo on waq Tn b
asde an applicant would have his proposals and ,fr,n
e)eeeea In the most prompt and summary form and in
ucn manner that similar application would mot agan
e made. s
The most noteworthy feature Of the week Ia tho ,rth
his T. 's nss esseb place 10 the value of exchange
ms rs Change OF no small importance TO the Wsst
lofe particularly because it is forced or temnor.r
s Decline and not only 60 the ruling
rom the comparatively small indebtedness IN Ira ~.
No our Increased facilities for paying what we owe Tst
ear at TINS date exchange selling at lx nrs,nin,
ne general belief is that during the Winter sht f
III pc az discount. The present rates are nar h,;
hd "a 20 selling The low rates present ana nros
We Tor slgnt drafts will Influence the sale of TINA dft
render them subjsct to higher rate of diseonns
snee ara very few Offering and prices are
est Oh Tor 10 and 60 days, interest X on o+ on az
Ite Aoses I'll LOUISIANA banks now make IN a l.rsa |
u eafFency and owing to the low rates of az
NJ aes anu me prevalence of corresponding rates
.se" oleas thty are not returned The far off nat;
itions are therefore having more pro6tabe tim. th
10y nafe experienced for many years But~thpse ave
@ os naaRs tnat are turning this state of Affairs
ii ~ antase Al the Western and Eastern bapks
TO putting out a circulation for Western use ~ i
rom the great West find it to their convenience
take ont osnR notes and in the course of trade thew
'hcsntate at the large commercial rnarts and Wa spn
'se good share find their way to Cincinnati. Again
10 pfoeseos OF and advances made on taanv Thousand
ses OF cotton are In notes of the Banks of this otv In
seotlons say Arkansas, North Mississippi and west
'hessee all these sums ind their way to tho West lint
'Jshng OF bargain or special agreement being mazda
I'm tne nahka never occurred factor or mernbspt,
eoA On pank Is presented at the counter It ia maid
'her IN god or In the bank issues without anv
ss tne notes are for special purpose more than
lnolFauas to pay their debts and obligations beto
Gu otnsr. our banking institutions are NOT outa 90
ro pressed for business to send their notes nm
excursion, nor have scores of paper bankers
penness spectators who go where they are unknown
operate on the faith and credit of New Orleans orr
immunity desires not to enter into competition with I
operators and of couse the credit and charar
Vi our CITY VIII be maintained the highest pripoi
~ Vi commercial faith and integrity We observe the
IN several oil the money articles of the New
rk city papers. ''-' 1''" b