New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-01-01
1en Orleans 5tlonfu atlarAet.
CRESCENT OFFICE, No. 10 Camp street,
Wednesday Evening, Dec, 81. 1856.

os Wsss.d orrse Ssn No e Camp 81
The year closes with active money Market though not
beyond the ability the Banks lenders grant
The calls on the Banks generally with exception
You'd their respective Incomes and thrown out
which at other times would have been
some banks to-day large offerings in exchange and dis
counts In the general position of money matters only
rrive at tue conclusion that the fourth of January considered
an incubas and that body having business with New
leans have made all their day
This is altogether different the result which will be proven
when the day arrives The fact that several parties DESTROYS
of purchasing cotton calling every art and
all means to operate on the cotton market Holding opinion
that factors are under nrge responsibilities its
position at this epoch the strife between Bears and
Bulls must result to the benefit and advantage of the former
ferhaps might be taken into consideration that several par
ties ae desros of panic in market operate
ten It not our business say whether too high or
or 100 low, or whether the Liverpool under
the influence Of coalitions which, if directly thoroughly
SCANNED and te wonld be found to be pjndcal
interests Our views are controlled by the nmuabe laws of
supply and demand and Of high prices governed by
short supplies and low prices by increased ones But is not
necessary us appeal TO members of Congress about the
growth Of cotton the first time history of the com
rce of the United States that the people,
when assembled at Washington called on for an
preston Of ir views cotton We the great cot
Ton question rest on lis merits We have abiding
III the views which have been expressed time to time IRE
gaaing the cotton trade Of the years ls5 the columns Of
ANS paper and we do not believe that the expressions
Gently promulgated from Washington are going to have the
least effect on the general dealings in the trade.
me exchange market opened with great auguor this morning
he banKs were selling checks New York 81 discount
with only moderate demand Outside rates were going nj I'm
per cent discount the former for sight and the later for one
days sight At per cent there several negotiations of
sficly AL drafts Of three days sight which We deem high
hgufe sixty days sight plenty at 2s2 discount for good
commercial bills, with drafts going low MS per cent
Sterling plenty Sales of Al made at Isl less brokerage
and sales as low as 7477S for clear BILLS Bills of ading
has dfsg heavily at 6a6 though there but moderate
offerings We quote this evening clear bills investment from
7@Ts and bills of adng drafts from 61s7 Francs are
hrner aud AL drawers asking 526 Paris direct on other
poats there sales at The season for large
shipments Of cotton to France nearly over French EN-
change will not be plenty heretofore unless speculation in
other produce SHOULD become rife
We did not learn Of sale stocks to-day The season of
dividends has arrived and they secured before there are
any large quantities Of stocks the market Prices of a
kinds are well rsy intatod
., A., the position of the New York city banks
y M of their last weekly Saturday, the 18th
~ W cember
We also append remarks from New York paper which
organ of the Bear interest Wall street which
will show community the efforts making fnan
a panic though money deemed rather in NewYork
vet there nothing oead serious uppcsion that any
disturbance likely rise that will New Orleans The
extract also that the Banks must look out for themselves
This advice kindly given but as alludes particularly
to Banks in New York. Bank will not be much
anenced As late adyces have been received from the other
Europe aud do confirm the predictions of all
Bear impressions and prophecies must be received with many
allowances and rs there few parties city rather
disposed than otherwise panic
OF place to remind community that reports bordering
abuosiy will from time time, be coming tele
graphic wires well in regular correspondence particularly
in regard to the position of cotton and money.
Position of the New York city Banks the Goth December
~. J. "a o Ls 90. spe pee e.. ccnson DepSs
Dec 10 So Ss,ssG5ss iIi5lsis ssssaio sSSisSso
The last returns compared with those the previous week
the in the apgrep
Decrease in loans and discounts sless
Decrease in deposits ilominaly 577a5t
Decrease in deposits, actually 5Sg66
The deposits the close of Sc yeal weeks
have been as follows
sey sAstasl d dsposs il 9 Snk
Nov 22Actual deposits in bank 80l54,l2l
Nov 2sActual deposits in bank 6l6li30
Bae deposits ss55s
Dec A-Actual deposits in bank i56
The last returns show contraction departments but
considering The Weekly statement aa Tie
istba s but about ss ht sH snn
prsas sSls IN hand ss has
bsnks m1 make ssry poa hd 81 that mex, week the
ments to Europe this wsek and The demand for the South the
during the present year should to see the
II IL m sesw zen a % dollar, The
LOOK sat sssyss and financial aa 'ss
on the surface prosperous and substantial b SnF opinion we
nave not heen years much of d
serious revulson. ~
Before these remarks will perued by our numerous read
rs the 1856 will have passed away 1t is betting occa
sion to remember the which marked It's
reflect on the many advantages possess in
climate, in location for commercial pursuits other attri.
bues which 80 to make wealth. prosperity general hap
piness The unparalleled degree health which we have en-
oyed deserves to be remembered the good sincere
their prisons and that each succeeding year will be ms devoid of
peSuence 10 consider
manifest some feeling towards Divine Providence is incumbent
least in the days of the wear and that bee i;
something besides ncre and the that attends it in this
transiory world worth striving To exhibit to the vee
the extent Of the trade of city enlarge on the capacities
aud vastness of the country, of which is the po IL
not our purpose at this time.
Al the close of the commercial year the slst of August last
we presented our annual review There Is hut itt,e adi,
at this moment to be added Trade commerce and 6po
with only one exception moving properously and harmon
'he exception anded to is the great sugar culture of
oar heretofore prosperous State The prospects for those
gagged in this branch of agriculture are really rnony and
hog pn we tstthe mottois hopaon hone ever and ner
severance and while we are commencing it were with
lame past ana e year now ending let be forgotten that
ths wshes OF the good and sirtuous State attend ms in
career-hat the good upright merchant Of eyo
is deeply interested in welfare, embarked in the sna
pursuit of eminenee and wealt-that unity and eorn, -
eeDng govern the good merchant and the deyoee
ssonlmerce-ia our city stands high exalted in tho ~
snecisl history of the universe Favored as we believe IL M
in all that constitutes great emporium of commerce ii
cunbent on once in year discard tolls anxeies ana
nrens of business and seek the pleasures of society and
she close OF tomorrow contemplate our destinyo
on time passed. never to return and the goodness
PToidence from whom the blessings have enjoyed
proceed.
Tomorrow will usher in The commencement of the wear 1887
ana as DO is now closing only add that we sincerely
ehos readers, patrons and fellow citizens, and ALL g,
fappy and prosperous year,
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