New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-11-25
Nsm Orlsars Bully 6rssttlt.
THE COMMERCIAL DEPARTMENT.
gtn 6rltsns Hlonsu 9larkst.

CREscEHr 1rrIcs, No. 10 Camp street, |
~ ~ Tuesday Evening, Nov M 1857. /
Financial affairs underwent change to-day, There
some in cotton steady figures which shows that
the advicas received yesterday have had great effect
the decline In Liverpool not brought about BY
pectancy Of large crop 10 manifest slaughtering
owing the panic and cotton offered greater facilities
raise money than bonds bills other secures Of It
had to 20 block good for evil We are not yet
that the decline from the 3t October to the date Of the
departure Of the Atlantic great reported 1t will DO
we'll wait further adyces We think that factors aready
understand the movements.
There very little done paper to-day The Branch Bank
discounted few thousands Of paper At the other
banks there nothing done good many renewals
made daily We did not learn Of sale Of paper to-day.
Exchange had heavy feeling though there NOT much
Offering heard Of the sales Of $50 900 sight New York
at TX discount, and ten days sight 303M discount. Tho
feeling In general towards time bills all Northern cities
gradually improving We do not look for Improvement
advance in sight funds Northern cities time Rates
will huctuate every two or three days Foreign bills were
without variation to-day Some attempt made create
advance in sterling but without We quote clear and
Al bills from 03l0 Francs very dull at 56095 80 though
ask 555955o Is hard work to obtain them
banks continue sell checks New York cent
discount Specie flowing the city IN moderate amounts
way into the vaults Of banks. The
day from vera Cruz brought only moderate amount of
| silver say S19,73O in silver
Stocks quiet We only heard Of the sals OF 20 shares
Citizens Bank at $50 I-......5 ].
we have alluded several occasions the Of tho
Treasury Department Washington in regard to the issue of
warded to the Treasurer the Branch Mint here for
sale placing the Government in direct opposition to private
enterprise well the banks II appears these warrsns
were by instructions Mr. Guthrie and not known
to Mr. Cobb present efficient head Of the Department It
us pleasure that the oppessiveness
this community brought to his notice he
gave instructions for the resembling Of the order We learn
that the which sold here last and which
took in coin ont Of the vsu Of the banks were issued
last year. 10 in 1856 We also learn that drafts
forwarded here for sale Nuch credit Is due and onght
to be granted Cobb his disposition and willingness
alleviate aid In removing the late financial Distress His
| action in New York will be duly remembered.
addition the escsion Of the oppressive Treasury order
regard he promptly ordered the commence
Of the panic the transfer Of from the
ury branch mint and $50 900 from the depository
Rocksay $50 Co., in gold to be invested In bullion
addition these orders have been given the
purchase Of silver payable In the coinage which sre
conformity notice given by the Superintendent
the Mint This Of the honorable Secretary will
throw into circulation large OF silver coin and
Of the probability Of banks voluntarily coming th
of declining the future Issue Of IS notes. Mi
the Mint attended and supported BY sufficient buo
investing fund will prove ncaeulable good to the
try Of the West miserable trash and issues
banks called scattered through til
West In fact through the channels OF trade and ntecours
the entire South the Weat and North west the branc
this city be made to render efficient servc
sutainng sound and convertible currency than
and suggestions which have eanated from the ables
pens Hnsnciers Of the times We have every conSdene
that Mr. CoDb from the prompt manner IN when ne mas acteo
will follow these wise movements and that the commerc
financial Interests Of city will be duly and properly
a. sidered.
The weekly statement Of the New York city banks for til
lg week endirg the 18th inst. shows A.
Decrease in discounts. $685.
n decrease in circulation 1855
Incrase in specie .. 2959S
Increase Of deposits, actual. 4,176 81
specie may be considered nominal BEGAN
80 long banks under suspension, It is not suppose
that deposors place coin with them to be paid in
consequently the specie basis mostly composed Of speci
deposits presumed the banks Of New York actual
only ahou the coin to be in The
vaults 1850. r.. ..' ,.g.-- II 4. ass
If specie the vaults of the New York banks amount
why, in the Of common do tb
not resume specie payments. fl" 1