New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-04-29
THE COMMERCIAL DEPARTMENT.
Slrp 0rIeaus Ulolyew NIarket.
cREscEsr OFFICE, No. 70 Camp q !, +

Il
The week commences quietly though large quantities Of pro-
duce for the season of the year daily arriving Tobacco
which attracting notice than for months past
coming market freey and for next sixty days Will be the
most important trade. Cotton continues to come In and
If that large quantity which expected out of Red River
could be act MARKET business would be really brisk although
the receipts Of cotton we'll yet to meet the views
of long crop believers it must come to market at much more
rapid rate the balance of the than has for the last
thirty days Tthe meantime the late rains are having most
happy effect the planting prospects for the current year
The letters by the Africa which to hand yester
day to-day read encouragngly although sales Of cotton
have hand which do not turn satisfactory as was
expected notwithstanding the advces by the Arabia give
further advance are considered highly favorable
market yet eynced corresponding feeling or acv
y Caution appears to have been the watcword for three
days past though Juror may arise buyers Of Exchange will
word the movements induced by kindred
feelings. S5r ~
The Money market quiet to-day in fact the close Of
large operations paper indicating itself We only heard Of
the negotiations Of of long dated paper by one party at
per cent Some other negotiations were made by different
parties which would swell the days transactions to 0G0 OF
course it unnecessary to report that the facilities of the sea-
for loans and discounts still available for anything
approaching fair to good securities.
The Exchange market opened with little animation,
predcated however, concession from last Saturday rates
large Of Bank checks made New York at
per cea premium though for moderate the rate n
In time bills the important sales Havana sixty days
drafts New York at cent discount Private bankers
asking and n discount and the bank rate for sight
In foreign bills only heard of the sale of $1,000 francs
at 5 and small al sterling for remittance at 9s.
Some negotiations foot may reach contract tomorrow
The market however, exchange all points is tending in
favor Of buyers, or rather the Bears.
The Stock market continues quiet We only heard Of the
of shares of New Orleans Insurance Company at SJ0
or say premium of seventy per cent 1t is about time
for this company take few doubtful risks go it can have
pay selecting the best risks this great market
offers meeting with only trivial losses almost drawing
imagination realize what profits accrue AS ound
solvent and profitable companies the supports
pillars great commercial fabric Of city, witness
with pleasure increasing and soundnes of all
! insurance companies sd
We only heard few sales Of Bank stocksay of unioI
| Bank at 81.
The Directors Of the Bank of Commerce, Of New York. th
agency of the Canal Bank of this city have resolved to ncrea
their capital stock S. 600 Sl010OG9 This is indie
tive of the of business in NewYork. We have not til
list directors this Bank before u.s. but believe they and tn
stockholders generally comprise the most business of Ne'
York city, Shrewd sagacous and sul in their movements
they watch the Of events with scrutiny and caution
few of the solid Of New0rears would organize anohe
Bank it would retain capital here which be Gale
other localities do parcel Of needy boz
bank What trade requires is sound banl
ing-the aren the city, and it desirable that the
should be here retained.
Condition Of the BanEs Of Neo Orleans the Saturday Of
aceet from The 1st September, 1855.