New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-16
Me(u ORLEANS 1ailp 6rtstent.
THE COMMERCIAL DEPARTMENT.
Nem Orleans N(onep Market.
CRESCENT OrrIcz. No. 10 Camp


Tuesday Evening" Sept H. 1857. |
of the did indicate any strinseneJ
to-day. The offerings In Bank for
heavy but do not consider that evidence panic
or that anything with the line The Banks were all
good trim this mornng--hat is above line. They are
obliged to keep So and If any Of merchants have paper
thrown out they must consider that Bank though
they may have every disposition and willingness
date boa hanging their beads though 1t is be-
eved the managers Of the Ajax might extend avors
sideray When we talk OF favors do to
the impression that Bank cones boon or indivi
dua when discount or loan granted would indeed
make very small dividends II they were managed solely for the
benefit Of directors and stockholders There is therefore,
mutual dependence between Banks the public every
body had the command Of ample would
pay dividends Our Banks generally doing all they for
their customers Complaints are made against the Eank of
Louisiana Of M general Discrimination to meet the wants
public with large resources on hand The question of
might be discussed good
The competition in banking has curtaed ability
Of the community On its great
might this lay the foundation Of mighty business
the coming II would be booess task point
how this might competitors for
share the gigantic business this emporium will we
convinced, carry the day.
There very little done paper today Some small
amounts Of six months date passed 10 per
There considerable cotton early hour
to-day for the French and English The Persa ad
in at early hour the
for sale low Half million only would have
| swept the market.
| Foreign Exchange heavy. Sight funds New York
dealt moderate 5sqA prem. The Banks
buying sight and short sight all kinds of prices
three five days sight from ss prem The rate of checks
the counter was from ldl1 and IA prem. Outside draw
held the figure though operations these
bills through brokers obsainabe EL premium. The
Banks however, have very moderate draw for. and
only the views Of customers There very
little doing in sixty days sight Rates range 2z24
per discount Sterling opened heavily this morning and
perceived that buyers had the CALL and 81 for goot
no
market and finally closed the OF
Ga good and prime bills The depression attended
francs and sales of good Paris direct made at the
Of 2 which makes the range of the market from
530@523A.
very little doing in stocks We the sales of
shares Canal Bank and 40 shares Union both PIT
sales of the stock Of the Ohio Life 1nsuranc
Company New York Tuesday last 10sll15a in a
about $50 Twenty days ago this brag stock
sold 1920 05 We think our old quandom Citizen who OF
ciates President the of the
In July the famous paid dividend of five pr
for the last six months and it failed in five week
afterwards. Wonderful science is banking splendid hypocrs
glorious humbug How are the mighty fallen.
The great question of cotton supplies and cotton manua
which has for the last occupied the minds of thre
fourths Of the commercial world still continues The prices
manufactured goods have frequently been passed but
question OF such paramount feeling that have draw
largely Liverpool papers, received by asteteaner
give the following from Manchester of the 18th ut:
Messs Du Fay Co. say The extensive sales Of cotto
ducrs Of some descriptions yarn as we'll as cloth have aga
advanced their quotations prices paid this day
Current issued YESTERDAY that during the previous
the following advances had taken place:
1zdn3d per piece for 1Stls printers and adapollan
3d per piece for 9Sth printers Id piece for
shrtngs - per piece for " in to h. shirings in Viii
piece for China and other finer 1910 inch shirtings
If aconets the esn in this case not demand but of
r. oH Sd "a 9sSs S5ns
yard for domescs beyond the considerable vance quoted
last For all these stout fabrics it is indeed extremely d
quote prices any satisfaction certainty also
warns which are I'd "a I'd per h. above rates Of MOI
for producers advance their constantly the small
retext whether of augmented increasing sales
The most rambling nrces are in many cases asked or in 9th
n the makers refuse to give quotations at al.
the of the trade thing
the present of conptionthe estimated stock in Liv
pool Of all kinds being only 49, 40 against ba
bales and This deficiency being considerably in of
d. amounted about 300 900 balete circular contends that
s. Unless the import during the remainder of this be nmeus
n during the remainder of last year. which Ii
Il hope can be reasonably entertained and unless the export
u.s. this year be greatly diminished compared with
of that period, unless also the trade holds
than then, of which evidences, the ii
not far distant when focibls short time take place
spinning large from sheer cotton, hugh
which las often been talked of whilst distance,
which have contemplate really and truly
them in the district Of the manufacture, the
prospect of which is painful to contemplate Meantime tn
is immediate check whatever the consumption of
for although that staple has advanced "a 4sd per b.
nd the last month, the advance in many kinds of AID
quite equivalent and domestfcs long cloth
cloths, and other heavy fabrics have advanced still
heen running short There seems therefore, prosI
of rerosrsde movement of prices in our market Cot
may unlikely continue its upward course and with
rated speed the stock dmnishes until it reaches
90 ~hsh WI eass yarns and goods comparatively in the
consumption of manufactures Such be the
90 prices are from that point at whc the ful eopsnnpo
longer possible; undoubtedly much of the late business