New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-05-28
THE COMMERCIAL DEPARTMENT..
Nsu 0rle4l1s Nlprsv gtlarAet,.
CRESCENT OFFICE, No. 20 Camp Street, !
Tuesday Evening, May II,


Tuesday Evening, MayT.
Every thing appertanng to Money Stock and Exchange
dull to-day This nothing than the periodical return Of
the season Of inactivity and dizziness. 33' Fi@&5b g.
Advices the 18th ins from LIVERPOOL were received by
the steamer Baltic which arrived at New Yofk AS regards
orr chief staple the season is TOO advanced stock
low for any exciting movements take pace consequently
The receipt of European adyces now have bnt little interest,"
all the buyers cotton have closed their business
settled up and eandering their way England to
consult and mark out operations for the There Is
no questioning the opinion that city offers the greatest
facilities the most enlarged resources for commercial operations
particularly cotton and tobacco and the time is not far
distant will supass any other market this continent
for purchase Of all kinds Of produce though the refusal Of
the of President Pierce the improvement
of the Mississippi will New England friends from
sending their largest vessels to port nevertheless the
difference can be made by vessels Of lesser tonnage
although fifteen States and territories ATE interested In the
channels of the mouth of the Mississippi river. }T9,1&
The Money market is dull sluggish, and inactive There IN
no good or Al paper to be had Never buyers paper
will have opportunity feeling Of RAILROAD Bonds
They will pay just good profit paper and moreover
purchasing them, capitalists will be aiding The greatest
provement Of the times. ~
The good feeling in Northern Exchange yesterday
tanned to-day though the operations largely below those of
yesterday The Banks sold checks New York par and
purchased sight drafts discount sixty days sight ruled
from ~ for bankers bills ~ discount for good commercial
signatures III for fair Five days sight sold Il dis
In other short sights heard Of no movement. d
There but little doing In Sterling Dealers for investment
bought to and good bills ranged from 81 81 The
Banks ask fraction oversay 9s to o. but do make any
sales There have been several Of coffee arrived lately
proceeds Of which will undoubtedly be remted London
which may mer aspect in good bills within short
time Bills with shipping documents scarce, particularly
good grade cotton drafts Sales have been made at 81 to
and at 1lhe range may be quoted from 81 to 3d.
Francs plenty, and good bills haFe been taken at
SIS. The range place from $50 to 5.l5 -t=ss5
Stocks quiet The free banks give signs Of an advancehe
old Banks stationary There another sale Of City Con-
sodated Bonds day So and interest These Bonds
iec of speculation at this moment Capitalists will do well to
make of IT. Also sale Of % shares Bank of New
Orleans at los. llIW
The great the Bank New Orleans against James
COMEDY Co., for security guranto Page Bacon
St. Louis for forty thousand dollars and which has been before
summer has been decided according
views and opinions Of merchant and individual who
CARDS his signature contract as binding and obligatory.
most able and efficient lawyer Of the New Orleans bar
poyed by the defendants this The facts Of the
were, however, plain to admit of doubt regarding the
liability of the defendants and the decision Of the
that James Connolly Co. the Bank Of New Orleans the
of S20000 the amount of note with per per
the credit of the proceeds of the sale of Ohio
Mississippi Railroad Stock say s. $685. and SD 600 less the pro
ceeds of another parcel Of the road stock, say 1925
The put plea debar the recovery this money
remarkable for the high character and honor
commercial credit and standing Of New Orleans It
less than the plea of based the laws of the
New York. where per Is the interest
the of that State should be considered
ing barrier the collection of the money Louisiana whe1
money for the sued paid thu
Bank in this city. While audng this case ress
expressing the pleasure that feel that the Judiciary
Louisiana does sanction any way any nclna
ton attempt repudiating debt contracted within
| boundaries,
published all the preliminary documents and proposals
ardng this suit last December and the decision Of
universally approved by the community have only say
that the banks of city will hereafter
how they act in regard proposals for loans from
State and remember that community is the prope
place for dispensing favor as If this strong admo
4 milton, ii is doubtful when may offer. ..,
The last from this side for Liverpool which sailed
the 2lst s carried the following circular views
some of the eminent stock operators in New York,
NEW YORK, May 90 1856
The features noticed in last circular the 1911
limited transactions and lower prcesave chnrac
feed the weeks business The heavy specie
Persia though without immediate effect prices generally
still prevented active speculation and the general feeling
kept buyers OF the market, which leaves off with
downward tendency The fluctuations have tring
Saturday excepting Panama, which declined per unde
the apprehension that the recent accident the road might
suit considerable losses to the Company To-day
decline general the Of the dismissal of Brit
s Minister at Washington. Money has been less active tina
during the week. and the supply in all
the demand The foreign orders for stocks appear
limited and probably will increase long the of il
eres in England and the remain high pr
Exchange firm limited transactions London l093i
109G Paris, 5.l71s 10 5-l6A.