New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1855-11-19
COMMERCIAL MATTERS.
Nem Orleans alonen alarkei.
CREscENT 0yFIcE, No, 70 CAmp srsEET, I
Saturday Evening" November IL, 1855.

NgW VDIleaH8 Jtt0nen utdrkcf. 4
==' CREscENT oyFIcE, No 10 CANE srnyzr,l
Sstnrdsy Evening" November IL, 1855.
Business continues to increase not only In our great
staple, but In Gil products Every kind and description
meets with ready sale from the entire crop Of cotton
plantation to tho little psqustes Of the garden patch Of
ths hsppy and cheerful In fact every thing that
tina rich and prolific soil OF the Southwes susceptible
of yielding finds high and remunsrative returns Scan
ming over list Of arrivals for the past week. from all
Quarters which have appeared regular 1t will be observed
that they Numerous all bringing valuable cargoes,
which we know to have cotns to good and ready
ket where speedy sales prompt returns and deduc
tions mark the general feature Of business.
Tho week now ending has been very remarkable, With
nothing to change the general tenor Of opera
tions only the telegraph adviees Of the aoAos ntei
gence The sales Of produce for the stocks on hand have
progressed without limits, share Of which is embraced
In the sales cotton from 900 to $4,000 bales making
with all other produce the sales Of the approximate
to three millions Of dollars or Coffee, Salt Bsggipg
Rope and other articles the estimate Is half million Of
dollars The sales not made time payable perhaps
sixty days after convenience four months but strictly
that mode cash only which serves to maintain the
character Of this emporium the high pinnacle of emf
hence which we believe it so justly merits.
There is gradual improvement Observable from day to
day in the city and retail trade, though wholesale dry
branches Of sie as not actively employed making
heavy rates. yet they are doing something There is
general and choice assortment of seasonsbe goods Oh
hand and country dealers rest assured that all
sonable facilities and credit will be given They may also
feel sapguine that merchants do credit Tom Dick
and Harry indscrminaely thereby making the solvent
and prompt paying customer pay per centsge of bad
debts sales to doubtful buyers The plan Of making
good customers pay bad debts has yet reached prac
tice in our CITY, and we believe never will
We without any mails and all correspondence ap-
pears to be at end II there is community possessg
those Christian traits meakness and humility it must be
that Of New Orleans For eight weeks nearly has the
great commercial and varied interests OF the metropolis
and the interior of the rich and fertile States Louisiana
Texas and Mississippi been subject to the uDpardo
nabe and inexcusabe neglect and Interruptions II is
in the womb Of futurty when they to end On o.mor
morning there will be FIVE mails due the Allan
tic cities These evils bear peculiarly heavy at this most
momentous crisis in foreign commercial and financial in
tsrests.
The general position of our money market offers
nothing which to remark. The calls the Banks are
all readily acceded to their deposit line on the in
We forcibiy impressed with the magnitude
Of the business Of the Citizens Bank its deposit line
to-day over three millions Of dollars This Bank and
the Canal Bank have been exceedingly liberal in
tions the past week will be observed under exchange
remarks though the free banks have done all that was
required Of them under liberal margin.
The Board of directors OF the Louisiana State Bank
being full to-day after the ordinary business of the Bank
disposed Of election for PRECEDENT to fill the va
cancy occesoned by the death of Mr. Peters, was held
Mr.. j. NJ. Lapeyre was unanimously elected having
accepted the Office he vacstes his position the ex-
change and financial firm of Lapeyre & Bujac which
fri the 19thns The business Of the house will
be continued by Mr. Bujac who merits and has
fdence Of the community It is gratifying to remark
that the mantle of that distinguished citizen who
gently removed from his earthly and Presidency
the Bank has fallen worthy and wsltred citizen
| as Mr.. Lapeyre.
The Stock market quiet day the only sale Ia
knowledge thirty shares of Union Bank at par
There decided Improvement In Domestic Exchange
to-day private drawers sold all they desired per ct
discount for sight and advanced their sixty day bills
IL and IL In Sterling there rather more depres
sion than for two days past occasoned by the expected
increase of bills to bs made the delivery Of the large
sales of Cotton Sterling With bills Iadiug taken
to 81, and favored signatures at our outside
figures clear bills ranged at quotations. Francs
taken at $40 to though first class clear bills
| are held at our limits.
The operations in Exchange for the week reach buying
and selling, about million and hundred thou.
sand dollars of which the Canal Bank Citizens Bank
purchased little half Of million. 1t cannot BIZ
said but what these two Banks have done their duty
this essential branch Of commerce The Union hal
also done good business whilst the Southern and Banb
New Orleans have not Jagged tha State Bank combining
business to local discount and business its Exchange
dealings limited with the Mechanics and Traders
Bank Several Of large private bankers have also
| done good business and the week CLOSES on much
| frmer and more uniform market than 1t opened W.
quote this evening" and presume the market will
Monday at .5...@
Sixty days on London TX per ct prem
sixty days on London with Bills Lading prem
Sixty France, with Bills Ladnz. 40(. ssiz
si,tyy dsys IN @ 4
Sixty days on New Yers general
Sight on New ioE, bankers' bills
sheh on NeW OK
Checks New York; bank rate, 6rm q cent ali
The following is from the New York Express of the 9th
| lust.
There is nothing doing at present in Foreign Bills