New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-22
.We6 Orleans 9ailp 6rtstsrt.
THE COMMERCIAL DEPARTMENT.
Nn 0rlsaus Nlonsu Ylarket.
cn.sczs. orrIor, No. 10 Camp .tr..

CREscZNf oyrIoE, No. 10 Camp street,
Monday Evening" Sept. q. 1857. !
Some folks endeavor to make to-day that n was sosip
Of blue Monday we did not learn the course OF our travels
anything TO warrant the remark Though difficult raise
any other but the Of securities snd then at
something like 10l2 per cent with some n tYsn.acon. a,
higher rates. at the rate Of per cent Is no indication
that stringent money market pressure 10 to succeed
There was only one Bank dscoung to-day Of the
calls were largely in Of the income fair amount Of
them granted hut still fairsr amount v. declined
The receipts of cotton fs the yicksburr
Princess bringing in bales and other boats an bae tn,
receipts this week. is believed add largely TO tho stock
for the possibly it about time thew hould he
are to be any fair receipts this month
There doing In Ex hange today-fulIy slsoo In
bank checks on New York sold per cent prem Out
de mere were transactions at various raes-say from 40
" premium Sixty days sight taken by the Banks At
discovn and sales ontside 81 The extreme
VI the market Is from 3M Der cent dscount serI
ing was taken for clear bills M bills with sbippipe
documents from 51a9sh prem. Francs heavy 5ss9ss 3d.
me market all round excepting for sight drafts bank
checks, tending in favor of buyers.
We heard Of no movements In stocks TODAY
very difficult to arrive at the motives Of the Treasury
department the sending its drafts
OF the Mint or rather to the city for SALE
These drafts drawn New York Boston and st. Louis and
here place ocsrs in fund, IN mas.
drafts drawn Tor realize these funds these
drafts are to be sold at the market price provided
low par Instead Of sending the money the
here to its debts contemplated act establishing
the Independent Treasury Treasury enters the
market in the capacity Of exchange
have alluded to this before 1t certainly ought
Tract the attention Of the Chamber Commerce. Moreover
there appears to be studied keep the Mint of this city
from fulfilling the purposes for which intended
we'll known that large Of silver bullion received
this port from Mexico but instead Of being here with the
same conditions and facilities would Mint In
Phadephsthat u.s. BY purchase the standard price,
payable in the legal currency Of the country only
coined and returned in kind We ever
contemplated that the Independent Treasury should perform
the functions Of exchange dealer six penny
Office fund ought at all times to be provided and the Sub
and officers Of the Mint authorized purchase both
gold and sver bullion. The will lose by
But the jealousy and opposition of the Director
the Mint has possibly be overcome, he has always
other than friendly feelings towards the Branch Mint
and its operations in this city.
beoves Chamber of Commerce to take action this
subject and demonstrate against the injustice and partially
which is evinced towards city.
The manner in which many reputed firms manufacturers
merchants and traders become nsovent is fully explained
following case Of recent failure taken from the
article of the Philadelphia Ledger 1000 paid in nteres
in and yet this firm entered the market three week.
since borrowed and raised the of 23 per
month Many Railroads and Coal Companies have beer
ing hete rates for months and perhaps
Is it any wonder that many suspensions and aiure
occur! The only wonder there from the
by high rates of interest and expenditures
The Philadelphia Ledger The failure of Reeves Alb
bolt Co.. and Reeves Buck Co., extensive manufacturer
Of Phuxvle and that vicinity this State though
involving liabilities to the amount of $sOOOO0 likely
prove disastrous first supposed. OF $500
named $500 is represented be secured by good
cent collateral securities leaving only half million pro
vided for from the large of the firms expeca
ton that the works will go on the thousand Der
employed by them will be continued in their places
evidence the magnitude Of the business
told that their for considerable time
been $4,000 day. and show how senuousy they
themselves 10 meet their engagements they week
entered the Market and raised sl0O 221 per
month, meet the demands Of their operatives who
somewhat mportunae by in circulation tina
the firms in failing condition The liabilities
only for twelve days labor whereas
payments usually thirty days behind Within veal
the firms have passed over $4,000 interest," and the day before
suspension three month offered without being
| able to procure the requisite amounts
Our last Boston dates indicate the following position of thai
market say the 18th inst:
Business gener lily quite dull the pressure in the
money market having put stop to all active Flour
has rapidly tended down, and also dull q shai.
stocks Of beef pork and lard sapee has further advanced
and tends upward but other Calcutta goods dull prices
rule in favor of buyers Sugar and oasses dull trade
purchasing saringly Coffee cotton and other leading
deate demand The ngency money
with little abatement The demand active
Of paper with difficulty negoatsd at 2@l5 GENT and in
bs and on Sn Ps1 # s p for first class 60 days
GuSsY BAGsThe mar ket quite dull for gunny bags
Imports from January to September.
B Bn,si; aSs 5 1ss:
CLorHThe market for gunny cloth remains pretty
much as last noticed tight market has tendency
2i2 lbs average 10 arrive at less per cent
for cash l6O bales DO do sc 81 bales do. do l5c
wv Imports from January sry to September l.
Bales ACKNOWLEDGEMENTS. Sol 1851