New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-10-31
Nfm Orlears', laiIp Grtsttm..
THE COMMERCIAL DEPARTMENT.
Nr1 Orleans Ylontu Nlarkst.
cnEsc..z orncs, No. 70 Camp st.

d.
CnEscssr oFYIcs, No. 70 Camp street. Z
Friday Evening, Oct. 80, 1857.
The movements to-day In and financial cir
ces hardly worthy OF recording few transactions in
exchange change in business for the
week oilers no new feature for The private tegraphc
DO not encourage to hope that operations
exchange be realized for Many parties In New
York are waiting to learn the effect England suspension
Of the Banks in New York. The steamer to leave Liverpool
tomorrow the 3lst nst the Arsbia will bring results
the London discount houses shut down American bills Of
exchange 1t Will not be unexpected The present feeling
gardng sterling exchsnge be In part attributed to this
expectation The discount line our Banks seems to bs the
great object for remarks at this have before
Observed al TINS community has to do is
drawn from the Banks and will follow We do not sun
pose that any one will deny that IL Citizens Bank had not
been ruessy assaed depleted Of It's coin Int what IL
wond " this time be dscounting the ambition of
dollars per week. ana purchasing and selling exchange
pondingly Out of the many millions of dollars invested by
this Bank in exchange not dollar up this time has been
lost. -#a .t3a'
II he public desire knew why tho Banks at this time are
so char and SO very strict in exchange transactions
relieve the prevailing feeling sterling exchange
chased in September based much higher prices
than ruling at from in great jeopardy To
this may be added the difficulty selling exchange in
New York There are 50 many bills offering in that
based four and grain and the wants Of importers foreign
merchandise restricted that very amount Of bills
answer all purposes at this time.
Our general paper market blank perfect blank We
rapidly approaching that epoch when will be
small Of money will for daily social and
commercial requirements We do learn of any sales or
negotiations Of paper whatever.
In exchange there sales Of sight New York at
cent discount payable in currency, and 44 payable in
gold There sales Of sterling 929l
quote at O650 As for sixty days sight New York
have met individual this week who
thing time bill suspended city. The elegraphic
dispatches to-day brought very queer
quoting sterling at l0 without axture
the figure but with the axtue nominal Then
certificates Of deposit, made by the Bank England Well
though expedsnt this wer and if such
Gates have actually been received they will
will of course purchase cotton and breadstus They are
ported to be held at 7d8 cent premium. they for
waded here for investment the question will be-
them coin! though they will not command any such
figures as asked This lis currency much ap
1t pertains much of post system Of the Bank
of the United States in 1S3S-' 49,
There has been little done and bonds this week
that forced to omit quotations. 30 shares Bank
Of Louisiana at 10 and jackson Railroad Stock
an advance is all we learn.
There is nothing doing in money land war
rants Some few land offered without
ing buyers Everything relating money noi
mall The Mint is receiving all that offers for recoinsge.
There have been further receipts Of coin Wednesday
The steamer Philadelphia has made
sgnees begin to feel anxiety regarding Possibly SHIT
have been detained Havana awaiting the arrival of thu
steamer from ABpinwull. .'-