New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-10-01
THE COMMERCIAL DEPARTMENT.
Wem Orleans Mloneu NIarket,
CRgscENr orfIcE, Nc. 10 Canop sire,

street,
Tuesday Evening, Sept. 90, 1856
Another change in the weather took place last night rron
the pleasant September atmosphere were trans
ported the auumnal weather Of the Arctic regions II III
however, dry and will aid the gathering Of the crops as ia
presumed It extends well into the Interior
In the general market the advces received by the Baltic have
not had much influence Our great staple appears be moving
upward that is In price and appears fast the receipts
are sampled they purchased Factors the demand
freely but at the time enhancing their rates. We
think that growers will be fully satisfied with the prices
now obtained for cotton If they not should infer that
they are hard to please. The weather all that could be de-
sired for sugar but that product Is without any kind Of
doubt doomed to be unusually short this season. ard safe
TO estimate what the will be- 1t may be 1GO0 hds and
1t may be it may 10000 hEds It Is involved
in uncertainty Something definite determined In
to cotton because that staple gathered rapdy
for market, and some show is made for it.
The Money market features for remark
calls on the Banks to-day light On the street there were
only few small sums OF paper negotiated which at the
rates OF last week Three, four and FIVE months Al paper
readily taken Mt the rate of q cent and longer dated
lesser grades from and p There but very little
long or twelve months dated in market in fact very lit
tie Of either long short date and there less making
season of the has arrived for customary issues
The Exchange market rather ner to-day sterling
drawers asking Oh fraction over Sales of fair to
good clear bills were made at 81 to p Francs
plenty at 52i Northern funds heavy. Sight New York
was sold at p discount The of the Banks over
'c counter was an a discount with Bank asking H. Sixty
days sight Ia, ~ and u dcount-the latter on Boston
good share OF the Northern funds Offering on account of
purchasers Of cotton for New England manufacturers No bills
OF lading drafts offered to-day There nothing
| stocks.
Our advces from New York to-day were the evening of the
2ad in from which gather the following 1t will be seen
money dear for the financial commercial me.
| tropos 5.n-.-
The discount brokers all ready buyers paper and
port an easy market along with active Increasing blsi
sixty eight mets de 10 to Z for second cs and
70 e, II t for single named paper
10 s be h to at b 3D. a dssR IL, Coed a4ksfs I
The o,tion s to @ 5 s pne e onn at
lo2f 70 1924 Bills on Paris also rather s. to
o e'@ ns 5FsE1 The nsns s1 do AZ gde
Mercantile bills abundant but bankers very reay
| in here from that country
Mr. George Peabody, the eminent American who has be-
come distinguished in England for his great protection of Amer
lean interests and the universal ciyies shown his country
men who visit England either for business pleasure having
arrived in New York visit the United States we have
thought it might not be out of place publish the following
from the Bankers Magazine of New York three years ago Mr.
Peabody expected arrive in this city December next
generally the opinion that his House has great
essential service Mr. Robb in the negotiation of the Jack
son Railroad Bonds As Mr. Robb however is host himself
in finance the general credit Of the negotiation rests OIL him
We also learn that five thousand Of railroad have been
purchased by him credit of twelve months which will give
time and facilitate further sales Of the bonds favorable
prices, will not he necessary press them the market
| But to the Banking House of Mr. Peabody:
Such house. controlled and directed BY Englshmen might
not survive monetary crisis i'll the United States and
woula be strange if did No purely English House could
crcise the necessary discrimination
rites TO withstand such crisis the present and hence the
quoted But Mr. Peabody experienced American
merchant and he has recently taken partnership with
Mr.. Morgan Of Boston, also merchant OF high character
experience and with the knowledge which Mr. Peabody
has always possessed in regard to American affairs
he has recently called to his aid he could safely
in American securities and have sufficient business render
his interest be exclusively American house. The
proves this We speak advisedly when say that
body has accumulated fortune of than three millions
half Of dollars ALL nearly ALL Of which convertible with
in ninety days and il it be satisfaction the Baltimore
Merchant y 10 know it, which doubt may add that
have good believe that If Mr. Peabody die
morrow, the house would be continued his capital.
The truth is, American house Iondon-a hous
composed Of american propretors operating American cap
itl, and metsurby continuing itself American business
Mr. Peabody hobby and we glad that it is Such
house under the direction OF gentlemen will always have
much business they and fail max
profits And such house OF unappeciabe vau
TO whole country With large cash capital will
stand by and valuable stocks sacrificed the tina
it will stand auot from all mere schemes and thus by its reu
sal To give conenance what preserve the careful
and prudent foreigner from being imposed upon by sarpers
Nor is this ALL Experience has shown that such house ha
the ability well as the disposition forward and
for the credit OF those they know TO be good this side til
Atlantic and therefore, is just such house that
mereia' men should desire to see pesTeuaed That shall b
lerpcuaed know to be the desire and intention of Mr.. Per
body, and to will inhis case is to accomplish