New Orleans daily crescent., 1856-08-29
THE COMMERCIAL DEPARTMENT..
Nelp 0rlsaus Ntpuev Nlmstt.
CRESCENT OFFICE, No 70 Camp street.
FL Thursday Evening, Aug, 28, 1856,


The monoony of continues. Last year this time
2s August the sales Of cotton three
thousand five hundred a1estoday they will barely exceed as
many hundreds yet there is abundance Of in market
AL maturing In November was placed yesterday at the
rate Of ~ cent To-day there have been nego
iaions have reached contract for paper falling due
In January say five months t the unprecedented low figure Of
five cent These coming in direct con
fct wthe Banks, and although it is expected that the
Banks will reduce or rather accept of at these figures
yet If the present redundancy money should continue for
length of time considerable falling Off in the next dividends
might be anticipated The present plethora Of unemployed
money be expected continue for only brief period Of
time though do expect that money will generally en-
ance in yale in market for weeks perhaps months
to would drawing tiY expect that
twill be oainable at the rates the general resmp
tion Of, business sc= Esi y.ps4 s$7 ? VS. a.
There were sos negotiations of second grade paper having
six months 10 rum per Single oil fair repue
taken at 9@0 per cent? and tile character Of paper
could not ut our last dates be placed in the Northern cities at
rates lower than l5(glS per cent. =. 3, t.r
There nothing transpred Stocks to-day, only the comp
on of sale of Bank of New Orleans 10 shares made on
Saturday last at IO There sale of 5000 six cent
Louisiana Bonds in NewYork the 2st inst 92 They are
worth in this MARKET the last sale being Mt 1885,
The Exchange market very quiet to-day. The selling
rates Of the Banks continue at cent premium for checks
New York. Some sales made outside and day
sight at 5l6t premium All sight and short sight funds on
Northern cities very firm Time bills are heavy though
only offering small Good sixty days sight New
in time exchange long the difficulties in negotiating ting
bills in New York exist III fact think that this description
Of Exchange has attained its highest rate for the season.
We heard Of Sterling to-day, and continue
rates from "a, 9a@9a premium for good to Al bills
though the Banks which drawing ask higher rates but their
sales limited. About Paris direct sold
at 5.l71a, the range of the market being 5.249515
There Mexican dollars offering l05z the
highest rate offered but buyers at that price,
while some will not give over lo5@l95ll
Our dates from New York to-day to the 22d inst II we
shoud give full credence Of the Wall accounts it
would be urmed that financial reyulson close at hand
in England We give from below. 1t is
real bear story in every OF the word We give merely
to show readers what views entertained by Of the
writer's u the great metropoe seem to strive to
how low securities Of kind be depressed Though
the Of money have advanced in London the Bank of
France and Credit obe boarding gold nothing in
accounts supnostion that crisis is likely
be impending But here the wonderful idea created by the
Afca's advices New York, though they do
seem responded NewYork, although money command
high prices.
give greater impetus the shipment of goldfrom this
and we should not surprised 70 see activity tic
London falling about quarters per
s sRG The @ n aeaea % I ]
T E s ns Ge ff hs S
ported to have been going on for months CONTINUE
zrnseny London does far enough call home
capital shall
AS is and under the most favorable circumstances tile de-
man for money here is likely be than be easily
supposed Our local affairs will require all the capital
command at the highest rates Of interest The probability OF
financial difficulties being increased by the conditioned finances
England and the Continent already sufficiently strong
excite considerable alarm. 49,.
We desire readers to be alarmed the above para
graph for it only side Of the question Here the other
side taken from the money article Of the New York Courier
and Enquirer, of the 22d:
The financial position of the English and Continental markets
advised by the papers per Africa, the sailing Of the
Baltic had undergone material change and the slight de
cline Of Consos he the result Of the
Streets although fears for between England
and Russia expressed The mail is likely 10 bring
higher prices for C0nsols the demand for money not having
further increased and the quotations for French funds being
rather rmer The Bank of France is still buying gold bu
the revival Of the trade requires larger accommodations for the
present. and the tenor of the private letters from Paris give
for alarm American securities in England
demand and firm but continues neglected the continen
laon the shares Of the industrial enterprises
surprised 10 learn that capitalists again te
eyes upon Investments in American securities.
The Money market is unchaUged the demand continues
tive but the supply is fully adequate and rates, although firm
offered the sales for the week having nearly confined
broad cloths and other worsted goods, while silks moving
very slowly prices ruling from thirty forty per hiyhe
than last fall. 3d..
We learn large transactions in Foreign Exchanges
the business for the avre sail Saturday vii
likely again be very limited Rates rules without any