New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-04-26
THE COMMERCIAL. DEPARTMENT..
4. NsW 0fltars Nlolrsv H(arAft.
cnrscssr OFFICE, No. e Gam, 4, sttset,

# y
perceive that the avalanche Of foreign intelligence
which came to hand yesterday, has had any effect the
noneyed interests Of city Confidence was strong before in
commercial circles and do perceive that the movements
Of spectators in cotton in Liverpool and Manchester add to
the general strength Of community 1t must he obous TO
all that still further advance in cotton cannot be attended with
other results than Of most untayorable character The
excitement the months Of May and June last,
presume still fresh in the mindsof the cotton dealing
community and as it is confidently predicted that money may
become cheap and plentiful In England may lead to broad
and enlarged ideas Of the future value Of great staple and
lay the basis Of which may produce sad and direul
RESULTS well to take into consideration things before
permitting the launching out into great rperhaps dle specn
ations control Of actions There is feeling
abroad and extending friendly great and broad nvesmcns
many communities the slightest pretext disposed to go
into transactions from the impulse Of the nomen reason
loses its sway and credit money and friendship are invoked TO
carry out schemes Of speculation which In calm and reflective
moments would be considered The ulma thule Of wdness
and ndiscreon The probable effect Of peace in Europe are
regarded In circles the great which wondEous
prosperity to hngea old and well regarded land are
be aside tainted with ogyisn and apparently the
world about to enter great Of money and accuInu
aion Of wealth. the foundations which considered as laid
by the termination oar III Europe Now how is all this
react the great cotton region? Cotton will well for
cultivation perapsfo all time come the present
generation conceed but obtain favorable returns the first
and only principles the laws Of supply and demand must
be duly weighed and considered. ''oTH IF
Notwithstanding the high Of many, to-day ransac
tiona do not have been governed by the intelligence
received yesterday 1t has been quiet day in every branch
produce trade The money market to-day rather
active We learn of transactions in to the amount
OF SIS 600 by party the rate Of 81 cent $50 600
att months at per CENT and small amounts through
other parties at various from to for short date
81 for long dated Of Al make 10 for second grade
and ~ required for other The offerings Bank
nue within their daily receipts but those receipts not large
We observe evidences Of gradual decline in all money
TONS few weeks will be the time of departure Of the
last temporary spectators dealers in securities.
Exchange heavy to-day, both for domestic andforefg
The Bankssold in small the at Il premium
outside the demand decidedly langud though have
change in rates Bankers holding 80 days sight t n
cent discount; 60 days at with good to fair commercial
bills from u and IA discount. In sterling heard Of
small being taken for remittance though first
class drawers asking and obtain 9 and 9 but they
extremes The Of the market may be placed from es
~ and 9 In bills Of adng heard of transactions and
continue quotations from So per for fair good
bills. ,r.y 90 y''t + :
In francs only hear Of the sale of 900 for remittance
SIS to 5161 the range Of the market being 80 SIS @
The following comparative for years past
April 25 1854. April g. 1855. q !.
Sterling ...........!. Ss TO 81 ~ to I0i4 premium
Francs $40 to EOS a5l5 10 SO; % -
Network 60 days q e u dis to " per cent dis
NewYork sight "a 70 III prem 4 to 4 per cent prem
The Stock market was quiet, though there negotiations
foot We only heard Of the sale Of 10 shares Bank Of New
Orleans at 1853. -, r.o t-r-oyf .-.s.a
The steamship Texas arrived this evening" bringing $4,000
in Mexican dollars. tN