New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-01-03
COMMERCIAL MATTERS.
Nets Orleans aao,1ep Market.
CREscEHT OFFICE, No. 70 CAHp STREET,

GREscEST OFFICE, No. 70 CAMP STREET, I
Wednesday Evening" Jan. 2, 1861
The year came in with weather giving prospects
for few days sunshne We are, however, compelled to
remark favorable auticpaons of yesterday have been
entirely crushed, for more Indictment and dsagreeable
day for business has not occurred for months though
there may have been to correspond with It, The
levee the landing and the streets becoming almost
impossible hopethat planters and shippers residing
on the Mississippi river, from Memphis down. will
space Of time suspend the forwarding Of Cotton There
ia more heze now than be taken Of and until
change of weather. it 10 useless to add the
quantity now waiting good weather. There will be
nothing lost by restraining the ardor shipments for at
least four or five weeks OF those rivers and
bayou where communication restricted by the stage Of
water the opportunities for shipment should not be
looked There large quantities at all the shipping
points the Mississippi river which may as well be re-
tained rs to be pressed on the market at this time
About the usual hour Of baak business shower Of rain
of the greatest depth fell for the space Of time making
embryo bayous of all streets, placing complete in
terdicton on all kinds of business which had only been
moderately obstructed in the earlier part the day and
in general money matters there nothing of mpor
tance done. Lenders had no disposition to operate
though have advance in of interest to note
we have negotiations to quote than the ruling rates of
Monday l0st per CT for factors scceptances OF
twelve months date and 10 to IL other grades with no
excess of paper in the hands of brokers'
Stocks quiet. The Directors of the Southern Bank
declared dividend Of five per cent on Monday last
payable to the resident Stockholders on the 18th and to
Northern Stockholders the 2lst inst There were on
the market to-day $50 shares Canal Bank 0H ex div
dend IS shares Gas Light Company at l12s and 100
shares Opeousas Railroad TO- believed to be worth
the money.
The Exchange market rather more active to day
for Northern funds Considerable of checks on New
York were taken from the Banks Il x per Ct dis
Private Bankers also firm at the same Fate sixty
days were taken at TX dis. by the banks though first
class were hardly to be had better than and
drafts ~ to dis slight improvement was obserya.
BILE in all kinds Of Northern funds The weather check
ing oil produce transactions may give greater stability
the market for two or three days. particularly those
whose operations based open credits The outside
rates for sight New York from & to Il for sight
Y to per Ct for to three days sight IL to 4 for
ten and fifteen days sight; IL to IL thirty days
sight, and rates above for longer time Sterling continued
at our last rates. to TX for first class bills and 6A
to 61 for bills with shipping documents. The only
transaction we heard Of for to-day small amount
with bills lsding at 6 though buyers have placed
their highest offers at6 We have heard of no negotia
tons in Francs and quote 5561< to 30, and 2sI to
52s& to 5271z for Al.
Condition 81 The Bank of Louisiana Monday the 3st do
Of Decem5er, 1856