New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-10-29
Neh Orleans 1ailp Crescent.
THE COMMERCIAL DEPARTMENT.
alfm Orleans Alonep M(arkst.
cRrser.r orrrcE, No. 10 Camp. sire

Wednesday Evening, Oct u.s. 1851.
The general featured to-day in financial circles Of
proving character In Matters though improve
ment WAS perceptbI there nothing
realized The steamer Persia has New York from
Liverpool with dates the inst expected brings
some Specie about nine hundred and fifty thousand dollars
the accounts considered decidedly
knocks In respects decline in cotton with reports of
great crisis in Vienna and financial panic in
All important intelligence croakers
fed cotton will not lower present this
The price Of Consos often quoted Of financial Their
moeer is deusion We the daily reference to
conols unauduerated humbu and though factors may
not realize advance in cotton, caution them be
Influenced by the price Of Consos than they
by the price Of Pontcharrain Railroad Stock.
The general movements to-day in the money market
the limited order There IS paper market The Banks did
discount anything to-day unless renewals be termed
discounts.
In Exchange there sight York at 55b
per discount. The Canal and State Banks continue
checks discount There much
sterling in francs Sterling may be quoted 90
ass, and francs Of good and prime make at 630660O
ern Of the sale Of ITO shares jackson Railroad
at $40.
large quantities Of
grain stored in the West waiting for something
market This waiting for funds to kind OF produce
interior the ports supremely ridiculous
this produce If in the hands OF SPECTATORS be
warded market for sale the cotton
warded the selling market Suppose inform the public
that three dollars and fifty cents barrel for -four has
been deemed good price in than two instances
during the century and within the of thousands
Of the present generation There then sale for in
Europe because Europe raised suciency for its
The adces by mail to-day from New York the evening
We give readers below from that
| point also from the West.
The Times once respects, in
the panic which has been going the United Sates
It It fright than anything else In its article of s
9th ins 1.-THE uddenness of the renewal of the drain
gold which has led this step taken the public
prise because they prepared for the extraordinary
the two last American nails Allowing due weight
intelligence there nothing in the movement to create
alarm although there high probability have
repeated Upon the WHOLE is possible that the combined
operations Of the American panic and the Indian instructions
may for time have affected the English the extent
of three millions but the Times CONSIDERS as regards
broad trade of the empire that is impossible discover
Of fear The discount establishments have also advanced
their half Of per The Times argues in the
article that fright alone the Of the daily going
in Americas and that there nothing in what passing
which will before any length of me interfere with the bust
| ness cripple the national resources of the country
From Cincinnati of the 22d in we have the following
Il ss o ID % h With a
tendency a, about 7s premium selling pses Dealers are
N ene
with patient Of wa. e. The dis
none worth mentioning The price Of money nominal '"
money without alteration. and selling to
thu oe o % las ss oy
hut others declare not quite good at the opening of The
week.
The New York Courier and Enquirer of the 2st inst,
continued curtamen of loans by the banks has the ec
commercial paper into the brokers
None is taken better ~
month while the larger portion of first class
suffered charges of 22a Great difficulties prevail thu
negotiations of domestic exchange and in realizing balances
the South and West Yesterday exchange philadelphia
ruled 30l4 day it has per For New OreHn
demand and sale owing the varying rate
sterling domestic bills Hitherto there fixed
comparatively steady for bills London-but the,
vary from 4@s per cent
ranged from las cent Last week there large amour
Canada checks thrown upon the Chicago ket
suddenly fell par The old rule that demand
guates the supply will be held good in the present urgen
currency exchange throughout the wheat region
of Illinois, Michigan and Ohio We learn that the Cauad
banks Of which have suspended specie paymenQ
the Eastern banks have taken advantage of the West
and -FOUR AS good wheat" is old
among farmers and that wheat good gold will
fully in present and ospecye foreign trade
Wheat article in than cotton til
established known the prices of cotton for
months will be Effected than usual by the cond
ton of the English money market.
And abiding to the general market says:
There is fair demand from the trade and for export for
leading of merchandise but business continue
Of sell except cash impossible
business into readily satisfactory terms h
sides the question who good is constantly rusiing e
forward. There however, better feeling sprngng
not uufavoabe influence upon markets whc
many anticipated but everywhere felt that the banks
do service the business community by judicions
pinson in the discount line than by an early resumption
specie payments which they evidently aiming TIL
of the Metropolitan bank in the matter of State and Ne
England money is warmly commended.