New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1855-12-22
COMMERCIAL MATTERS.
tEe1 ORLEANS qgp.ag gagrkst.
cnnscErr 0Erles, No. 70 Camp sire

Friday Evening, Dec. 81 1855. )
To-day has been decidedly unfsTorabe for general
operations dark, cloudy and murky weather has pre-
vailed which, with the great stampede in exchange yes
terday seemed to unsete the regular routine of that
important branch Of commerce, and causing rather
depressing influence in the Cotton market though the
Asa's advces considered very favorable, they
have had al the effect they carry and until exchange
becomes more uniform and assumes degree Of
regularity we need not expect any large operations This
state of things will not last long In the general trade Of
the city the week is closing steady Improvement; in
dry goods groceries, hardware and all those collateral
branches Of which tend make up the business
Of our city, yet real Lively business with wholesale
dealers cannot be expected until the holidays passed
As the custom of ancient population of spending
those days at home still in the same as the
custom of making the day Thanksgiving and universal
holiday in the Northern States No extension in sales
of merchandise can be expected till towards the middle Of
next month. Though the city is well crowded with vs
tors, very few of them residents of our State.
The Money Market exhibits signs of increased de-
nand but not beyond what may and will be readily sup
piled by the Banks for all paper coming within ninety
days.
There only limited amounts of paper in the hands
of brokers' and though have increased there is
willingness the part OF buyers to take st
per CT having Il months to for months II per
ct for second grade class 10 per is the
range for single u to Is. For mortgage securi-
ties Of long date to 10 per cent though there but
few very few of this class the market the limited
transactions in real this kind of securities
to a very restricted amount.
Exchange to-day unsettled The pressure yester-
day OF forced sales Of bank checks outdoors has
tied the market. 1t will be day or before matters
become uniform The selling rates to-day at the Banks
were "a dis on New York private bankers sold at u,
and were holding their GO day drafts at to Y discount
Some of The Banks purchased 60 days good at
others at az to Il per ct dis The offering
beyond the disposition to buy This was moreover due
to the operations of yesterday; good and firm drawers
were not moved by those The chief Of the
to-day we're at ~ dis 10 days sight taken
"a and in fact there many rates apparently
REM there Of the different make OF the paper
which the bills were drawn.
In Foreign Bills there was but little doing Some sterl
ing with bills Of ading taken at the rates rang
ing from 6M to ~. We, however heard Of no sales at
the inside rates. prominent buyers will not give
more In clear bills did not hear Of sale and con.
tinue cur quotations at ~ oT and H. Francs par
took Of the DEPRESSION and though * to q will
buy good bills, some drawers still hold for 25 to 5225s
Though the market appears be settling down to some
degree of regularity, yet diversity of opinions prevail
regarding the close of transactions tomorrow, II
will be the day for operations for the Asia
Liverpool which will leave Boston Wednesday, the q
January.
There were some few transactions in Stocks to-day
which resulted in the sale of 90 shares Louisiana
Bank on P. T.. SO shares of Union Bank at about IO2
and 20 shares Of Commercial Water Works at IS Ths
last sale is an advance of 10 per Ct the ast sales
this stock and though the company has the privilege
Of supplying the city with water yet it with thu
closest economy pay dividends equal other ncorpora
tionsseldom has its profits been and per ct pei
annum.
In other stocks have noted the sales from day to day
TO which we have to add that sales of Jackson Rail
road at ca and Opeiousas Railroad 90 have Dsei
made Both these roads are doing good business TIT
length completed In other stocks there no yariatio,
from our quotation annexed which the rates asket
and the sales of the week.