New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-10-20
Ns6 ORLEANS aaily 6resttnt.
THE COMMERCIAL DEPARTMENT.
Ntn NrItans Nloutv Nlmktt.

. rr+ RI a. 49, = a
ohkscSsI OrrcE NO. % Comp s sn s..r |
The ,vsek ce,.. ,., hssm"s. oo =.
ooo, " % "a y, ,,I.a ~ ~ NJ ~ ~ ~,
nsitor If tbe umev ssn 80 - ~ ~ seuu
i, noyo,iatino t.,e. .,,. - ~, = N ~. :. !. -
and cannot he obvis,.d u - ~. ~ :.
OF that which, was drawn fror. ~ r,.L 10. -, 4. s,d
tn then, 49, = : $3.50
The Canal Bank ia now "a s,o,, d s,. .,b,
exchange on New York and III, 81 1870, , =, e.
meut for aux Iiahi,itte. dus a p,,,. r. -, -
We shall get TO work br;sk,y a, hn, .,,ss 10 s, inndsd
Thousand dollars in coin ar ,....s NS' iN
The Bank of Louisiana gives notice that =, iii an
moved sterling exban, /. in n.vr,. - a. r., ~
RAM That "a n tha hn - n " 49,. :, ~
under di,count failing dne q, ~, ~ /, Iii .L d
startling e,chonos far =, rt Ia'"
word approved can he co,o,y ~ hd,, ..r,ad NJ, 90
suppose factors can veil =, nd h ~ ,,o d .h
arrangement. be a benefit for norh m, t,, al, h w. q,
vii, .ake or,r ,hor, "a ooo ooo - i -. -,
amount of discounted paper matune within the next
the Bank may have falling due an Tnesdav wed
nesday the mex day and Tbursda e ne,t zcoun,
day say $5O GOO in discounted paper How much
of this NAV be cotton factors mt tb .sn,
Of ascertaipne Sterling exchange mi hover he reeiv.d
for it. provided the factors can ct sales ~ on tho
bills and endorse them urovded ~ iasn an
count the Bank This however vou, he In the factor. mo
more than return to the made NJ cotton 4,
to thirty agoat selling cation direct for
This will very decided facility to large class of buyes
provided considers them of an character
But this question of relief martial only NAV he os
vice. though rather tardy We can onv saw tn the directory
the Bank that the question OF relief to this ought to
have been considered on Monday 18th inst and carried
on Wednesday, The President pro tenn OF Of Iou
majority the Directory have or have not much
to for the public estimation Which Bank was that
first dHcredited the notes of the three free Banks on Wednesday
last will have to bear the greatest censure The BANK of
siana was in line on that morning two hundred and thirty
sand dollars This sum would the comotion and
panic which passed. II is idle to suppose that the
any the above day than they were
any other time within the last twelve months.
paper unsettled Five per cent Der month con
tnue be offered for money In fact It is useless talk
negotiating paper the street. There will be no discounts
by the Banks and none this week unless the
Directory of the Bank of Louisiana should repent on Thursday
and then might little The Canal do few thousands
Wednesday is very doubtful We can only add thai
- a., 49, 1870 ."' eHp'.' "'s ~.u VI consequences
This will do great service - 80 : 'e''"'e'
Some share of the public rely greatly
the Bank OF Louisiana may pursue We may as well
ana say that isolated as the Bank T.
n ' % ] tssg
service The other old chartered Banks cannot do anything
uana can rsndsr s :" .aa nanA
good in this crisis is passed. 1t ought have
acted in concert with the other old Banks before the
100 late TO be more than partial SERVICE and
we mistake not it will take of itself and that with
1900 ~ , ~ are NIL 'na' eau DC e1
We shall return to this subject again. An explanation is re
| ouired from some onarter 7 oc,, Cane. h 10 L =, H.
-, -. ..- =, ~ ~ ~ ' ~ ~
VII" ue ieeehi p"nc-hote IMAM me puplc are aware o.
Very little done in exchange to-day. sales of sight on
Na,v pvsrs ,,ada OF nor 81 80. -.
| -. -, -. r., Z. ~ ~ ~ nL' a"u
some Small TRANSACTIONS IN sterling at rates from 9Oa95 We
heard Of the dsy in
| very heavy
MI, e,,, :.
Ahe oohs 10 e result ol meeting OF Bank Presidents In
New York on Monday last appears however that days
afterwards most of the Rank of tba cv sna,a al a..
| =. III, =, III -. - -, " w ' 'pe'ueu pay neh'
WI" VIC "e io Ill parties 10 walt day or two Longer
to understand the New York suspension It hardly possible
that men of information rectors or Ra,s, sho,,s - ~
| ,,, .so,ti, ~ A. en. " Ap .n'uio paea 81
o'ioH iesoius ao Tue iohowhg, ana WITHIN forty hour
afterwards the Banks suspend specie
At meeting Of the hank oac.rs bad his Do, ~ a. f,,
ing House Thomas Teston was anno;ned IL em,
so Wbrsa VET Th aaop; =; d.,,a so, =
this city expectation and can be none at present Int
contrary with the present low of exchange aordng
a S ~ Per cen. On us there must
can draw for it or not the laws of trade mn
eyedo-and specie will come the point of greatest demand
And wher,a All demands for specie banks of hi
city from the Interior far they could from nature
causes, have already been metz
And Whereas The exchanges with pt Of the countr
are in favor OF New York creating of specie
1t Ter the payment OF debts and the purchase of goods
And are in the semimonthy receipt of larg
OF gold from California; sent here for the
debts
And whereas Ihe United staes Treasury Is rapidly dbur
ing coin in The public expenditure and for the redemption
the public debt
And whereas, In this state OF things natural
healthy tendency to accumulate specie in the banks and
credits. by which the abundant crops Providence has given
bountul than be brought to market confidence
revive the circulation Of commodities be resumed the Intern