New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-29
-sNen Orlealrs 1ailp Grfstent,
THE COMMERCIAL DEPARTMENT..
Nth ORLEANS Nlonev Markst.
CRESCENT OFFICE, No. 10 Camp street,
Monday Evening. Eept. %. 1887


CRESCENT OFFICE, No. 10 Camp street, 4 |
Monday Evening, Sept %, 1851. |
There very little doing In the money market to-day.
Everything appeared moving on very gently though we
must confess with many reports comprising every hue
character of failures and suspensions In other places woud
be surprising II there Was not excitement with
yet have not met with expect We
fully satisfied that when cotton recedes declines
thing last quotations Liverpool with the
present of exchange there will be abundance Of
gold shipped ither for investment There
question the gold or its equivalent has got to here
provided parties in the North and West desire exchange
Or Mr. John Bull wants COTTON.
The egaphir dispatches from New York. received this
evening" strongly that the Banks in that city will
not suspend; we are sahshe ia 'he majority VIII ho sucn
proceeding would be bringing everything, as were, on
level There would not be standard guide for the f
ture In ac' hen we CLOSELY scrune the present pos uoh
of and hnance we are aonsed at the weakness
the Banks III Phiadepha ana BALTIMORE onr Government
engaged in var with any foreign nation famine does not
exist throughout me aha hes'he troubles 40 not prevail
more than some pey haAh near .he ROCKY
has not IN our midst we can hardy
account tor he 'e'uon u NJ" gong o. ofoakers ana
aarnists OF course can s 'heh a'ls ana powers
to create the oee tna' al 'hhe are apr rum
There may DC no SAFES Oh 81 mat h&cnshee ,nsy
be saieess-wna Vi uA - ''l'' oe ioi any ensneeu W.
ratio ou bahs arc nj " so'u eohoiuon' a"u ore o ho
best OF terms with each ohe Last saturday was the last DAY
OF the month"; ana eehe'as me Banks square up WIN eaeh
other on that oas' pay he't ee III com 70 eaeh hos
IN thih poeeeu's W s'e"e ieo' avn s"t'e o' oNJ
ment. H,s weekly occurrence a.a WIN DO c'hshueo, nv
donb particularly on .he last SATURDAY Oh inc month.
ihere was ho.he aone IN e"ehA'se todsy SONG o' ns
BANKS SOLO checkA o e" o'A ~ uei customers o. ' 'a.o
| o' pc. 'e' penn ,., " ~. :, '' t .' rs " ~,
| iof' anu Vi c'uihe "e"' " m " ' ~ " w ~ ~
think that there is any great Que ny inns 10
the norm az inns ''"e !" 'e'' II te so',n "nu i" coz ~
our cotton ana sugar. 'hes must seha 'he wneiewn u p
chase II. .he'e eoou ue" "oous ns ~
We 90 not oelie'e 'hes "' p ~, VI 9o.' 49,, :,
they DO, the EMPIRE oi'y may wen oe out 40 '
Sha iffe''e'"p'' n'o ~ s s, 49,, 80 - - :,
sterling were some cleat ~ T. "uu "no' NJ o's'72' anu ~ =
the reduced hgue OF oo17s' e'H's aAyS ssn' VII e N
| unsaieaoie'
We have nothing 10 repeat IN INC way Oh s'csS ~ os
There are none oheng and holders generally are
hrm. ~,
The latest intelligence from Inc west ol He "a i's, luz
Louisville Journal OF mat da.e' says Inc eo"usu sh
gency in money matters together WIN Inc general
banking and commercial Circles mas ABOUT p" 'p " '"si
Those who have produce are IN as 10 "ho
to ship TO- and the constant fluctuations III prices oe'e buyer
entering the market The thousand and one reports
lated in regard to banks and commercial ns' osea
on mere rumor tend to increase Inc embarrassment aas
day has passed during Inc week OH "nich ne A ~
announced that the notes OF one or BANKS had
the clearing house at New York. and in every nstanc
of the kind the public have set it down as failure" Blu
this is mistake The notes OF these BANKS nave oeen throw
because they had no deposits the clearing mouse III ne
York Many of these institutions are still redeemng thei
in coin Such reports however, have tendency to fore
the Banks into a suspension. -..z
We have seen reports in Eastern publications more than tT
weeks that the Bank of America, the Citizens Bank
Nashville and Memphis the ocsee Bank, the BANK oil fa
several other of the free Banks in were dscre
ded All these Banks redeemng their notes in coin
advice and much closer to their respective
cations than place East Of u.s. Without nqurng into tn
reliability Of these REPORTS and they may he and are Frequent
ahost by designing the notes are offered to til
brokers' who generally buy them at heavy discounts and rer
Te whole circulation is thus forced bac
| ~,
ieuech ~ su'peh"
Bank in the country matter how sound it lie, th
would be compel ed to close placed under similar crcun
We do not wish It 10 re understood from what we nav
said that he Banks have suspended but we on
desire to show the effect produced every stray ruo ere
lated is taken for granted The public suffer by IT, not
| Banks.