New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-10-28
Nem Orltans 9ailp Crescent.
THE COMMERCIAL DEPARTMENT.
Ntm 0rIeans Mlontu Nlarktt.
CRESCENT OrYIcE, No. 10 Camp street,

Tuesday Evening" Oct n 1857.
Although We cannot say cheerful feeling
lent in commercial AID financial crcle yet there
nothing to create further uneasness After
exciting panic and that which this community
pased through 1t Is hardly expected
former position in week There are very ew calls on
the Banks for coin and those few very small We
have advces Of several shipments coin hter the low
rate Of sight exchange Northern cities will probably be
cause Of large shipments from the West point which
is expected there would be very few shipments Though the
Banks in ST. Louis only one exception have suspended
all the coin in the country did happen posses
sion The Banks in Louisville still hold All the Banks in
Tennessee have by the board surprises pub
lie the most Is the suspension Of Missouri.
thought to be Of the strongest Union
with all the of vast Of grain the
and life OF commerce. it has suspended coin st.
Louis like many other places grown years.
The business relations between the cities ST. Louis and New
Orleans great and hope they continue
but there such ahng going speedy
evidence Of It in the suspension of Banks and
banking houses the former city with the very largest crops
of produce sustain them All that required confidence
and when that returns look for immediate ameora
ton Of affairs According to the views Of political heo
ss would be supposed that all trade
We only intimate the West send forward produce
end their gold shall have abundance Of moasses
and exchange to liquidae amount they have
Gold is coming, and will keep coming for eeks $5OOOo
by Adams Express yesterday $4,000 Of which for
| the Union Bank, the balance to parties unknown.
4 The Philadelphia is due with large amount.
1t hardly for to remark there paper
ket considered double AL offered
per month and buyers In Exchange there sales
Of sight drafts New York 55z cent. discount The
Banks selling checks l1214 per discount.
About Is 900 francs sold $50 though the extreme
for AL Paris direct closed at 6O60 We only heard Of
small sales Of sterling 9a3 It difficult effect
sales of foreign exchange in New York. with the best Of
signatures because there demand foreign poraon5
OF merchandise and bankers have for investment
They appreensive Of panic and crash the other side
Of the ard is intimaed tn the Bank Of England
suspend coin payments which supposed would result in
benefit American interests. How In what is
| yet clearly brought to our conviction.
There have been public saes of stocks for months
there been sales private for weeks
cepting three parcels There life yet remaining
Paey Co. open the ball for the Saturday the
3st ins at the Arcade when they will offer for sale Bank
Railroad Water Works ST. Charles Hotel Stocks Bonds Rail
road Consolidated Scrip etc. Business may
we'll be opened first as last. -s'. -,5-T
The Louisville Journal the 10Th has the following remarks
| on II recent transaction in that city
heard yesterday of instance of bank il
this city WHICH seems to extremely suicidal policy
which, if practced extent will most unquestonabJ
only greatly discOmmOde business but shake TIT
stability OF banks. Some time of citizen
shipped quantity produce New Orleans drew
it, present this produce altogether unsaeab
there and yesterday the shipper applied for renewal Of hi
BILL which refused lie then rendered the money, with
his application purchase exchange the bal
might choose charge also rejected II the other bank
had been equally selfish and he would hav
had alternative but gold and ship New Or
leans to meet his draft.
This not the way confidence of til
people, by refusing accommodations of the required
The following will exhibit the production of the precious
| Ia.