New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1855-11-09
COMMERCIAL MATTERS.
Nesu Orleans gaaoasp 5gIaraet.
oRgscEsr oPricE, No. 70 CANT Stree
Thursday Evening, November 8. 1875.


Nep Orleans aAonep SgEarGet.
eagscEsr oPFicE, No 70 camp grRgyr i
Thursdsy Evening, November 8, 1856. !
Adyices OF the arrival Of the steamer Arago at New
York; from Hayre with three days intelligence
Europe, were in town at early hour TO- day. As usual
when exciting accounts expected there half
dozen versions The nearest approach to truth Is that
the Bank Of France had not stopped, that money
easier In London bread sus in siou quo, with good
deal shout the Russians but II appears North Sebastpo
holds out slight rain up just In the most busy
part Of the day. and from Indications with the heavy
storm Of Tuesday accounts Of too much rain for closing
the picking Of cotton may soon be received
The extensive sales Of Cotton this week It Is believed
predoated the views that the Bank Of England
and France will suspend their payments In specie.
Whether this is safs conclusion not, do not pre-
tend to say but If suspension should take place. and
paper Issues egazsd doubt but the interests Of Cot
ton and trade generally will be promoted If paper
rency be made to take the place Of specie of which
the monarcca rulers Of England and the nephew of his
uncle in France easily force on their subjects.
We have change to note in the general feature
Money Market Good paper continues scarce though the
offerings in Bank slightly on the increase
There sales OF 100 shares Of Stock of the Bank of
New Orleans to-day 80 shares at 9SA, and 100 in
parcels at the same fraction below Jackson rail
road has advanced to en- In other Stocks we learn Of
no sales.
( Foreign Exchange Is abundant, and rates tending
downward clear bills have been sold at 6 For direct
remittance fraction over Il asked hs with s,,nn,r
documents are freely offered though some salers are
holding ahova 1oa Frsno, .ra nIantv. .atss &c ,o
have been made at 5S5 and 321<.
Domestic funds are in fair request, With large
drawers yielding trife. We quote this evening
s sys s ssii 5 sli
siIty says on sswyoIk COED bile " cent DE-
thirty dsys sgh New YORK ee s"s d.
az Nv Va WE b ~ 40 GENT! ds
The earnings If the f,ns,ona.s R.ro.a for .tbo ,t
month October) exhibits an increase over same month
Of 1854 of about two hundred and ninatv-s;, - -
The Jackson road also shows verv ,aros increase s,y
over 100 per Ct In the present n,sbora NJ in
market and the flush position Of the Ranks Nth the
general disinclinaon of the Banks 10 take ,argev
Foreign Exchange there does not annear any
table plan for employing the surplus and tbs
reserves of the Banks than nv investin IN H. honda f
the city and State held BY these Two mn
ousas and jackson roads If the Banks will take hoId
in earnest purchase threeforths of million of dollars
or more bonds they would at this moment be render
ing most important service to the entire ctv
aud cement the growing good feeling particularly
between Louisiana aud Mississippi and as the Jaekson
road advances towards The interior Of Tennessee
strengthen the bonds of brotherhood in the soutbwest
At this time material aid is Of the greatest mpor.
lance Ia the present unsettled condition of
matters in Europe it is not expected there will be
mand for or aIes Of the best American securities
fore it futile to anticpate any further recent
either pledges or mortgages from Euronaan ar;tat.
and though 1t was expected that during the war large
Of capital would seek this country for
these expectations have not In any av aa, raoy;n.a
=. :. - ,..,e.,. 4sa. 40. ,,y-.al :, =! u,
want all the available f,,nds tn conduct ,v.r ont;
tutons to come forward ona ana Al, ~
and give the relief and assistance so much needed In
1880 80 $50 pop"heJ o"nefs haonlu com
Mercer, Gasquet, Slater Buckper Shifts z.obar;e
and others who. If thew wou,d t,t. ao,;or ~ 49,
| ,,.ttar taaa . ,u,a. e1Ao Aos'0n ~ 'ne
| tha5 Ia, .n.,,,, -. =. VI ~, Z. - - ' Va
' "o1su SUN pave 'he fooos IN CONDITION TO
ardent hopes Of the friends of railways and internal
provements This was the manner in which estate
owners and capitalists In New York forward at
critical period of the great Erie railroad when the stock
was down to 60 and 70 per ct below par raised millions
dollars, saved the road, and behold its immense
benefit to NewYork 10 fact considerable share Of the
produce Of the West which would equally as good
market in New Orleaue