New Orleans daily crescent., 1857-12-18
Ntw @rItalss NlanfW Nlarkft.

4 RI CnnheNNf OFsicE, No. 70 Camp, street,
~ yns,, Il ~ tiehs is the demand was
rast IL ore thsn and much beyond the supply
Thsts Il sry tss cscy street for Investment and that
little held 1t most lsse Inc loal o.a
~ lesss danger expand, which weud prove - highly
sdvsrs.esou to tho community the purchase Of large
IL exchange is judicous and wise TO sustain those
which can prove their sovsncy and soundneas a. by
,iux ess Or extensive 10 90 the wall hay
IL ars smcnnts Of paper afcA causes interruption and
tosbls e scores merchants Firms that are weak and are
ssrsd 10 raise money the rates now asked say
1{ per cent por month"; had by all best succnmb N
once There business at this moment extant which can
stand uudsr per cent por month interest," But by sacr6c
ns Two Tor enc parties through they obligated to
sks he sAcrncshat H. those having their own property
and capital On which they so sacrifice
From the ezme depression In cotton and the low rates to
vhich recsded coupled doubt by the Withholding
tho part Of many M for higher prices regret
10 learn that the eminent acorage house Of George Pinck
"a Co finds itse involved 10 temporary suspension Of
paysn We absaned heretofore from ailuding To
pensiors but obyate The oonfounding Of various nmF
compelled deviss from rule OF reports will
60 abroad other ms but at the time another dstn.
gused house has been called into question but fortunately
has succeeded raising all that required The great de-
precjsos In til vaue cf cotton the refusal Of many planters
and act honoaby and promptly with their factors
and agents. tho great anxiety in commercial
circles.
we have nothing to note in The paper market to-day We
are fatied the C1ens Bank has been
cessfu In It's collections the amount advanced to
by the three old banks during the recent panic and We shall
back the assistance rendered at that evenu epoch az
the happies occasions in course as pnbc Jonna
lists Bnt to ba regretted that similar assistance could not
have besn rendered banks to have preserved
the financial escucheon Of New Orleans from the least arnis
We Are however, highly recced that the three free banks In
question got through tho revnlsion with SO little roab
and so few losses.
Exchange wa heavy to-day we did learn Of any large
~ amounts for direct remittance
were 1904 Bills with shppng documents were fiat
the Of clear good to Al vary we quote
from lO5 at the Time there was no in
cpation the part dealers operate The late purchases
Of cotton have mostly arranged for ut the foregoing
figures Francs dull We note sales at 557a extreme
rates from h6S@5 eO New York funds rather heavy The
banks checking per discount Outside the rates were
nom s1 per cent discount, and some sales at
three Eve sight, cent discount sixty days sight
sold per cent discount quote AL TO good bills S
and tsir from per cent We not aware but what
the latter named msy be just good as the best The Market
however, closes In favor Of buyers aad remiters.
In stocks only heard Of the sale Of Is shares Louisiana
State Bank at 136 4ss8 #y%
Pafrey Co. hold their regular sale Of stocks Saturday
among which there will be bank stocks bonds scrip and stock
Of the Leves Steam Press Company. ~
Money the West to be mending surely but
1 slowly
The Missouri Democrat Of the 9Th ns says Of the ST. Louis
markat: 5iN " ~ st .8a
full Money il decidedly easier The receipts Of wheat and
aa a sS % s s
illinois currency s Increasing and the effect is 10
exchange the East to RISE with supply hardly equal TO the
mand TX per cent for Missouri paper. We may look out
for whole avaanchts of this to center here in january
February especially should navigation suddenly Glove
Great money thisl Here sos cent discount ut home
(Chicagol 8t@9 and At Cincinnati 6@6. ,,
now larger than before the pancnow about $l7000
but cannot be dragged out Of them any way you can fix it.
have known the great upe articles Of the
trade at present If want by hogsheads Of
md 00 sacks Of coffee must travel from one end Of
Second the other before you lay hands
houses who fortunate to have and Will lay n
good stocks tn coming spring and the winter Will hmos
double their piles wilt be with desirable styles or dry
goods In the spring. for the country scarcely ever so bare
goods Of all kinds This the best time since
1913 young who have little money and good charac
| ters 10 back them, to go into business.
From Cincinnati We have the following Of the 10Th:
A general decline established in New York EXCHANGE to
day, at the reduction the demand continued light Bank
| easier. baltimore dull, with less offering. Gold dull New
Orleans Irregular but without quotabe change ocers con
tnue buy rstcass mercantile checks at par to premium
Bankers drafts of which there few in Market are held
4 per cent premium We quote Eastern checks and gold
l follows: 5 5tss
New fotx 5AI1s preetsh
Il Baltimore 2s40}S ais.
American gold prem l3a prem
The money market without change The offerings
large, 1t continues difficult TO negotiate paper.
The quarterly statement of the Ohio banks exhibiting thei
condition. shown by made to the Auditor Of state
items compared with the returns made In August are as 10
y y