New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-10-24
Ntb 0rltars 4aiIg 6restelt,
THE COMMERCIAL DEPARTMENT.
gtm 0rltans Nlontu Ylarket.
CRESCENT oyrIcE, No; 70 Camp street T..


If we have material amendment this evening in
financial affairs we have pleasure stating that have
nothing OF more depressing nature As remarked in
last confidence can be restored In community In
hours by the public How be brought about asks this
and another We simply say let S. the
gold which drawn from the returned
them Very little Of II yet has left the city, There would be
immediate removal Of dsust However commercial
community is working along well under all
Next month will begin freely and West will
require good supply. Coin equivalent will have
come here to purchase
hardly necessary to
count any They ALL particularly when
curtaiiment of fve ten twenty per made We
that the Citizens Bank working along finely There
little demand for coin the to-day fact the
demand at the counter of Bank fell of greatly to-day
There is CLEAN of returning confidence abroad Cotton may
not SELL and parties may complain but beg leave inquire
when the mon. of October considered month of large
business 1t that parties think that business for
the should be already opened large sales should
chronicled In the active month Of the year. Oneha of
the usual buyers Of cotton have yet arrived the city Of
those engaged for the English market will postpone
operations usual until they the the
We recommend planters suspend shipments for the
Send just enough their factors their obligations If
they have for the probable value Of their crops
turing within brief PERIOD then they bound and
| equity place their factors in possession. I..
We noticed two days since the expectancy Of further ship
1nents Havana. have the receipt
SOO0 gold by Spanish vessel This purchase
cotton intended Of the vessel Spanish account.
This only prelude the expected shipments If Mr.. Bull
choose send why he without cotton
But really, have heard much lately of pur
chase marine list records the clearance
of 1889 bales day. which 800 Great Britain
The exports will foot pretty well for this week Cotton is
working its somehow another and to cut long article
short we verify believe community good position
idle II is useless for parties to be talking about general
suspension, that Banks going to succumb Our
going follow such suggestions The question
been preached in tn partor of Bank The mis-
the three Banks last week like water spout
ii dJcn-- Jnp lar,,
There OF Bank checks todzy per cent
discount New York. which is the rate Outside
there from 2@3 per cent disc There
of sterling clear bills at 95 and other transactions
9l95 We far from being dead There s vitality
market yet It is not the time of for large nsac
ions. This ought be considered and people not be
planning of results arising from their want of discretion
and righteousness.
There have been sales stocks this week. 15 has been
this week for Citizens Bank There has been nothing
done in bonds 1900 were sold New
the 18th and 18th at 60 and 70, with interest.
The following srcle from the London Times of the Sd inst
would indicate that gold expected from th.
aid in sustaining the expected financial crash in Europe
We think that the three four millions of dollars in gold
pected from this side will not be going for the into
of the Bank of England Possibly the withdrawal of
gold from the Banks in New York last may
something do with the Times expectations We learn
banking house Brouno Brothers Co. had three quarter
Of million of dollars deposit in the Merchants Bank New
York. and did not draw dollar 1t is the branches of the
tnenta banking houses with in London that played tn
mischief:
From the London Times, Oct. 81
believed that the specie shipped by the Peninsular
Oriental steamer Colombo will not be much below f5ooCOO
Fully EDS is gold India private account deman
having arisen from the natives buying soveegns arg
Calcutta convenient TO hoard than silver
This fact that several large arrivals
gold from Australia the supply the continental
has been insufficient Withdrawals from the
to hold discouraging prospect with regard III
of the money Market Since the reduction Of
discount in the middle of July
by the bank has experienced dmnuon Of about f60 co.,
this decline would have been still greater the requirements
India and China by the last two packets had SUDDEN
slackened There u.s. however, exceptional circumstance
n for this position and to warrant assumption
;, although there of early turn towards
probability shall the necessity of
Of increased stringency The intensity the PAM
New York has for three four weeks induced amo
q way, perhaps from s50000D f0000 that would oherw
have reached has been temporarily withheld. For tin
previously shipments had been coming at the of
least f50 0C0 fC week hing has occurred
produce material change in the relations of trade whic
rendered these due to but with the rate of i
for the choicest bills Anne
merchant awaited himself far possible of his cred
delay RENTING for claims which would otherwise ha,
been provided With the condenc
o therefore, only will shipments resumed,
many will have be met and fornight1y
sgnmen from California continue to reach New York. Il
ability these calls be expected rapidly to revv
may hoped therefore, that during the next i
months receipts from this quarter will again at least suc
of England from further reduction. At this moment
the 1878 900 brought by the last Australian mail
to- be- ancpae WHeer the viii
comparatively moderate scale assumed during the
fortnight depends on variety Of contingencies Meanwh
cash payments tile LIST January and at Constantnople the
anxious speculation as to the possibility of attracting
down. From both these directions market
sibly be influenced On the other hand the Bank of France
should any issues of e. may
ID some initiation. The balance of probabilities is Their
and the conclusion is that remain
time without anything to enven or 10 aggravae our pr