New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-07-13
Ne6 0rIealts Bully Grestsrt.
THE COMMERCIAL DEPARTMENT.
Ntu Nrltans Nluneu Warktt.
os..en.r ory.o.. No. 70 Camp street, ,

81 "a Saturday Evening, July II, 1851. l.
The Of the week now closing and 6nan
ca has been large for the Of the Sales Of
oh audse made daily for plantation orders Bagging
and rene have in demand There also good
trade doing for Alabama, Florida ard The railroads
have also doing good business from the
increase on the jackson road aad feature the
road confidently predict that will be many
years before dsncons regards business will
wear away With constant and direct communication by rail
ways with interior, the OF the country be for
varded at all be dependent navigation
and crowded market at particular period of the
In fact great market we'll markets Of the world
can be more controlled by cotton being retained
the growers suit their convenience-povided however in
detedness Influence IT, From the
system adopted thirty advancing and accept
ing on crops gowand which, from movements recently
market has great extent this present
very difficult to ascertain whom crop Of cotton
actually belongs after II ID in the gin house whether to the
cotton factor the planter other equally interested
party country is the old beaten track OF
ing realizing premaurely for best interests The
SYSTEM however has become interviewer with agricultural
pursuits the South that he might called bold who
would The folly its effectiveness and endssvor
| to create change.
We cannot consider the cotton growing the South truly
and actually independent until relieved Of the ssackies of
debt OF two prolific in the growth OF
cotton notwithstanding the increase consumption with noun
ains OF hanging it, the interest would have to
snccumb spnners and of England and
Cotton Supply Associations. Witt imperative duty
oured of the planter forward his market to meet
liabilities his factor as gnned and baed and con-
troed the OF the communication with large
section region via courses. it Is manifest
that accumulate times greatly to the dadvan-
of interests attended they are with advances
brought about by the erroneous policy before alluded TO- and
placing at times under the dctation of foreign mon
oposs probable that shall have my increase
of foreign capital capital from distant parts in our midst
and deficiency of the snews Of trade be experienced
next season whether not for the general inter-
ests Of the extend the Of the S0 OF State
p,.l- ,,a of rent
interest," question demanding the consideration OF the plant
ing interest," be readily answered in the affirmative
The pressure the Banks for discounts and the large de
ands private capitalists and lenders OF money which We
have noticed remarked the last six weeks have not in
the least smeoated the week The offerings in the
various Banks for this week reach four millions and half
dollars though the offerings through note brokers On tht
street or outside large other thu
some brokers are DONG nchgD yet inc genera maj
ket keeps very close.
It that the large offerings this week the Bank
disclose considerable and movements not governed
by due regard of legitimate purposes 1t is the belief tina
parties keep fair deposits in Bank think they are entitled
to greater favors of making cent
draw down close for the OF investing in paper
VI the lGl5 cent and possibly the yer
next day this paper Bank pledge for loan
rs per and the proceeding gone over DRAWN
deposits down low figure with the Banks cripples
restricts energies discount commercial someo
our large followed the business of purchasn
paper with hand and when the balances draw
for the very paper purchased goes into Bank
another fills the line OF applications to almost fabuor
sums. There many Irregularities in the course Of trad
that be overlooked but in the prese
exigency financial MARKET behoves Bank manager
to give regard and receive with favor all based
legitimate operations the Of their ability Toward
IS tina. useful and Ito many class Of citizens, no
ne - &c ..--,.;.. .,.;r ,o,,;r
proktrs' We h"se ''' "''u VI 1eeAP'"i'-
IL and the best they and when they find part
Use wanting funds spend Northern to take
ba Europe we if they put ON at the of
ties cent per month.
today were in soma Al paper at IL TO IL
cent for four months little TO- OF double Al the
is little or none the market. A good supply of medu
grades greater part of which is ntrinscaly good
pes bulk of the paper offering, that is AL fair to go
No. .
The weekly of the Bank this morning turns
much better than expected particularly in the specie
Or -.