New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-07-09
Ntn Orleans 9ailp Grtseellt,
THE COMMERCIAL DEPARTMENT.
gsn 0rltans Nlsntr 4larktt. y

~ Camp street,
wednesday Evssinss July 8. 1857.
7s the sevssAl Banks 10 day wers heavy
s large thss s for the hs ysar in the four Banks
they reseei ono million dolss The aonn discounted in
The aggregate watch may BE- considered very
fair On there OF six msnths paper
to The .anoun Of oo cent and about 900 Of s.
aud 10 months ate lll2 cent II viii be well enough
for toss dcssons x anticipating their bills receivable not be
shjse III ii cuse Market and ask for double the
thar scsnally rsque For instance viii take Mr. Smith
Who ENJOYS ccmpehensise credhs wants perhaps day
offers directors have broad
eia fc sscc he does not natein his application how
much wants possibly his offerings may all be Of the highest
class Of them be which has been bought
in market high rates. If any Of the should smell
ra hs paper might aside MI Smith wonder Why
should be when hn has been good customer q the Bank
giving III his best which he perhaps bosght in ne
market l0l2 and merely placiag his name On N
and desiring mooney an csnt 70 go over me
same msn Bank managers understand
this modis opsraHdi 3ssg VIII S a5e
Between II and O'clock to-day IRE broke out ie par!
cuars Of which another coIun) which for short
time bid to bs as destructive great fire in August three
years on Tcbsupouas and Aaaszns streets There va
sorstrg ors the attention Of the public IN TINS de
strctss element OF course little e sly IN paper
stoc 5ons exchange which or The noncs were
Ths Kschaure tendency
for Nofa6efn fnd rae Banks for checks on New
York was il premium 4@X Sixty days sight l9a
TX for good and per cont for fair bills sterling without
chanes, ruling from e@aA Tor good 70 prime and lug
nrovto aud we have 70 Of 600 first class at 20
fa5 extreme Of the market being from $3.50
6lsk md hank drafts ct .. l2hzz. 84 az
We Of sale Of stocks to-day nor any movement
In bonds. - !
Tia Napsan mails BY sssra received to-day
we giys prculat aud have merely to add, that
with favorable advces BY the Arabia, telegraph
pubshsd edition this morning everything looks
10 ne had favorable intelligence
for tbs cotton though sandy
will turn out bid III other will do well. s s
From Wilmer Smiths Times, " he 10Th June
Ths Directors Of the Bank Of England have found themselves
in position to-day e lower the rate nf discount from
he g d &c Bank DTscors exercise consider
able degree & ss 20 r.. y ~
m1 sss s
The sppross plan for .hs SANK that general rule they
shou gaidsd sOns actual position their
probable The market month hence b content
s mixing + 4 % Rs
they ss.n e return higher rates they would
for spstod nearly -four months since T MOI mi the fol
Win ss
The s .assn = g with
he Sssn disposed
@ @ s a sa E a
stages silver China during the present
&c ssa O. ssss aS
se l 70 = ~
courasng Hence although aer the expetence Of the past
mOintntky
revival d projects there
sno hope hs nenc affairs nay about
has passed before wheat Is We
have also 81 M send to Denmark and the OF
the Paran gamblers mania the Bontse under
State asspes element ~ careful
in Lombard street. md the reduction Of the minimum
the Bank Of England WILL doubt, be followed by all the
Joint Stock Banks kingdom The present
for the Stock securities il o
The arrivals Of specie have consider
able but the shipments to the East tomorrw will be
and expected reach the
Of million and quarter sterling. tSelt', .