New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-09-11
THE COMMERCIAL DEPARTMENT.
tMGM 0rEeans MLpllsu NLaEket.
cnrscEsr OFFICE. No. Camp street.

f. e. Hs att Z
Wednesday Evening, Sept. 10, 1856 )
II decidedly dull to-day in the financial market The
offerings IN Bank heavy compared to the income
must be considered that income Of the Banks this
tile year very limited, yet If they by their action keep
the price of money from advancing outside they Of
doing ordinary good to the commercial community
In New York Banks cannot do not pretend TO keep
money rather sixty and ninety day from being
tiated on the streets than 500 per cent per ln
Philadelphia for AL paper t0lOs per cent.
annlrn In Boston the rate Is from $780, ina these
money outside of Bank commands fifty higher
rates than IL does New Orleans fact in New York the
Banks ut the rate Of per cent and they
never discount longer than sxtyup ninety days This
previous statement that is cheaper in New
any other market this Continent, and we
hope ii may continue Isl % 81 l=7r FL
The European malls the Persia through to-day The
prvae correspondence do read encouragngly
pcced The weather had been unavorabe, though not stuff
ccny operate the market but spnners were
only buying from hand to mouth The demand for
export, and to Russia in particular urgent which served
keep the Manchester spners to the mark and the gene
ral opinion the manufacturers had short stock which it
evident they did not desire to divulge
The increased demand for within few days is un-
doubedly due the large imports of merchandise Taking as
guide the cash duties received at the Custom House Of this
port last month"; judge that the numerous arrivals the
past days has occasoned the increased demand on the
Banks l.4 Wy =6 T. w,
Tie following the Of cash duties foreign i'm
ports received the CnstomIous New Orleans for the
month Of August for three years past Mt 'Hr
August 1884, ,sleo7@
A am1 s 1 9aiiI
The August, 1856 1855 will be Observed Is
about 2s per cent, which think will do pretty well for
place which is charged as declining.
There but little Exchange to-day The Banks
asking and selling the counter at q premium for
checks New York Outside rates irregular large
sum- 90 sight New York taken for Western
at Liz premium The Of sight to-day from
par to Il premium sight pretty stiff in their
buyers offering only ~ discount In Foreign Exchange
only heard of francs being sold at and the range
market may placed from 5255lSi for bills of good
| make all places outside of Paris.
Sterling quiet with bills Of ladng drafts Offering Rates
clear bills almost nominal but fair to good will find
| buyers from 814@9l4.
| Our adrices from New York, Of the 4h inst, say:
The transactions in foreign exchange for odays steamer
was amply sufficient tbe moderate demand Sterling
r rS o se ea i tsf nc" Wss
The r sscF srse Il Ws s
restricted Money is, however, not difficult TO obtain and The
r%ss SIX
| cent. for call loans.
The London Globe, of the 2M ult., says:
The money market remains in rather unsettled position
The isank directors likely IS ,honsh ake
for s I eae rsnde1r na e So l hat @
should exercise caution T., : ,o,.a,,o- c,n,
expected through The continuous purchase Of 9d for rr
will still be forwarded the other side of the channel Almos
tue whole not the whole Of the total received by the Wame
appearance cessation OF these operations One
circumstance connected with the condition Of nancin
complete suspension Of speculation snd the ittl
prospect of further extension Of joint stock enterprise
Just prevent serious
quences attaching the mania which seemed to be growin
some months and which would have assume
nconveient form had the Bank Directors again increase
their of discount Fortunately, the downward movement
arrested time, and although the which have ten
poarily checked the buoyancy Which would otherwise hay
apparent discouraig, they eventually be toln
in indirect to have proved beneficial.