davidaulloa/AmericanStories huggingface dataset:
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-01

The month of March, generally the of year,
opened under heav demand for uons The Banks were
called largely beyond their ability both
purchase of exchange The Investments long paper
by private capitalists large and the reasonable
slO for and twelve months late The 4l
month day of heavy payments reaching, in
Banks, to 81 800, 900,
The city crowded with visitors and money ccu ated
freely. good city trade done all through the
The general Wholesale trade Of the city good Seldom did
the sales of general merchandise any month
even reach the amount they did for this month merchants and
MARKET if not for purchases they for the special
purpose OF Western produce though Western produce held
atrather high prices heavy and deal
ers purchased as sparngly possible, although much larger
extent OF country had to be supplied than heretofore
Inc accounts received from Iverpo about the middle of
the month regaF highly favorable for shippers
in December and January Mddng Orleans ruling
Liverpool on the Il February 75d There accounts
of several suspensions in London engaged
the cotton trade, but having this y
Under extensive orders from the West exchange
exchange all Northern cities about h 10th month
and reached high poin-say AT the Banks
1$S per premium sixty days sight ldA discount.
Toward, the the month receded We however,
note that 2d of March, 1856 The checks and sight
drafts on New York % premium, and sixty days sight
l&@2 per discount must not be overlooked
Ing this yearly review that there was
made for the years 1855 and 1851.
Saturday of March had occasion to
follows:
Although many Northern papes predicting CONNER
cal crash aud ruin not far of do not take admit that
such remarks apply th business and merchants
this city True there have been would prophets who have
estate and general decline in the Of the city, oil
which We have evidence yet and to rebu
the assertion we have only the sale forty three feet
ground fronting On Camp street between Gra'er and Common
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-01

The mouth ustered in with growing scarcity OF
money increasing with AL paper going mp to II and Il
good signatures and l5 Nnd some at higher es with
considerable existu. among bank managers aided
imdiy fear which invariably sezes on the minds oil
many uoneyed men in hardening stringent position
The calls for loans and discounts on most OF the
banks arge-some days reaching half million OF dollars
fact with one bank averaged SuOo Tor each dis
through month Correspondingy large were the
reflections imposing on the most arduous duties and
requiring great accuracy their deliberate s. ihe -FOUR OLD
banks being restricted by recent legislation from expanding De-
You'd certain limits confined their operations to the daily income
of each bank Yet the Bank unusually flush and
large during the entire month"; the close had to to
pay Sis of the regular dividend declared and
though the month closed with many gloomy Tor tue
uture comm and financial circles were greatly re-
many epccs by the character OF foreign advces
particularly those relating to Cotton The general purport OF
these advce cheering the accounts received through
April and May despondng for shipments better eel
ing Immediately the Exchange rket Strengthening
position who had entered the market at high prices
and encouraging those had invested hugely in Exchange
based on cotton In fact month closed with sanguine hopes
that excluded from returns when received
Transient residents generally wound and departed during
the month also did of our permanent residents eTe
for their annual tour recreation and business There
however large amount Of commercial operations during the
month"; the receipts of Western produce being large which,
with lge from foreign countries, tended 10 keep
up activity cansd business IN local branches Of
trade than any month Of june preceding Tor years
The Exchange transactions of month fair
teut In tue first week sight in New York ruled at q
with some few banks selling at * but this figure or ad
resisted by OF the prominent bsnks
81 being the ruling rate for the month Sixty
days very firm el disc unit for bankers bills
IL to l3 for good to fair commercial bills Sterling 9
For remittance Ok to lOh Some sales were
% and 9s Francs advanced and sold
l55 l2 the month advanced towards the close the
increased shipments and other produce which had
been held back for higher prices furnished larger supply
bills rates csse of the month from eighth
quarter, with sterling bills and shipping documents a
| tached selling at So and per cent.
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-01

The movements of the Banks for this month showed de-
in short loans of S246O0 increase in deposits of
$1l705S5, increase in exchange offS2, 40l GIL.
The weather towards the latter lend of the month became
very nnfavorabe. dyanced under ned reduced
The in the article for Northern account
and Continental Europe began extend after slight
depression which lasted for fifteen days of the month Cotton
factors and planters confident in the advantages they pos
sessed tho prospects advance but
the forwarded Liverpool early i'll the autumn met
response and for supremacy between the
spnners and side land the and
their agents on the other was manifest
The month Of December commenced with highly wrought
sntcpa encouraged by enhanced demand for cotton at
advancing prices with Of rise in the waters Of the
Western rivers which speedily followed by
rivals of steam agoses The first week of the month was
culary noted for very active city retail trade The usual
steamboat landings crowded with the rich and varied
ducts of the mighty West largely ntepersed however with
staples of the South True there wanting the usual
supplies of the favore products of the Pelican State
and molasses Those closely connected with this branch
city prepared themselves for the worst and
perhaps body of merchants relying branch of trade for
livelihood sustained itself against disaster
and infections of the elements with much nness puncua
y and faith did that body engaged in the sugar trade of
Louisiana during the following the year
| 1856.
As the advanced extended by the end
of the third week general activity and brsknes every
branch of trade Cotton factors had full control of Branch
The receipts of produce from the West large and
connected with that branch of trade moved onward with
their unceasng industry and activity The money market
well supplied, and negotiations of Al paper made
per cent and good second TO- In the third week of M
month the Banks discounted three millions of dollars in
and purchased exchange to the amount of two millions.
The receipts of cotton during the fourth week large
waters the Yazoo Red ouachia and Arkansas rve
all in good navigable stage
week the month"; the close the calendar year
attended with very active business The market
nued well supplied with money of interest greatly
lower the New York any other the Union
large and heavy city trade DONE The Western river
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-01

The month Of April always been month of
unusual activity in business in city The results Of the
transactions for month this year continuance
Of the remark sales Of general merchandise
NOUS exceeding corresponding month fer In
credit freely granted by jobbes and traders
narticuly those engaged in and with the grocery
trade In fact sales long credit extended.
The deficiency product Of State required
arged for those engaged in that interest," and led as
the month advanced increased quantities Of being
issued payable Of the next seasons hs coming faD re-
turns.
The communication with the interior free and thousands
of VISITORS from section Of the country formed
part of population at this time presenting to the daily De-
holder unrvaed aspect OF commerce and trade in all th
various departments seldom witnessed in any other mart Of
commerce.
II was during month the state Of the weather throughout
the growing section formed topic for frequent comment
April always been considered the most important IN inc
for the planter On the 9th OF the month the
country visited frost which killed what cotton
was above ground the 18th another frost occurred on he
18th and on the cold weather for several days In
fact for the entire month the weather OF the most ue
sonable kind ipurinx only cotton but greatly rsardng
and checking sugar plant in fact the oo'er
yaons for the be specially recognized by the
historian and the month closed The prospects
| a fair stand Of cotton were dub!ous
The mpoations Of sugar month large, and sppre
tensions arising that the good feeling in the money
which maintained during tho month OF March, might
e the excessive receipts increasing the demand
on the Banks facilities with large requirements for the
direct trade the West which had to be met with com
During this the njudcion legislation of the late GENERA
Assembly regarding the four Banks began TO manifest
itself in the notwithstanding OF all applications OF discounts on
long dated paper long loans and the general money market
undergoing change greatly to the advantage OF Capitalists
lenders of money and buyers Of The law imposing
nenar one hundred each Bank Director went uto
effect on the 2lst month The month closed under con-
siderable strngency of interest for long dated high
grade paper ruled 9lO CENT the Banks all having
| full employment.
The money markets Northern cities particularly that oil
Boston, were somewhat pressed
Exchange was largely dealt in during the month"; but closed
heavily at the following sterling clear bills at 91a69A
bills with shipping SsiI91s Francs under little
demand for Remtters taig in moderate sums al
2Ol5 2j Bank checks New York aass prem Bankers
60 DAYS l1 discount. Commercial bills laGDlss discount
and thirty days sight 1sGl2l DIS
The condition of the the last Saturday Of the month
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-01

"N''
FEBRUARY coiilheh'ei "''h 'u +' wan p =. "
an early RESUMPTION Oh Intercourse WIN Tue west "
hrS week OIL ms 'hon'h Tue ace'nu.s on
cotton were dlseoutagins' Set 'ies ma. NJ inu' " ma
ket The most serious dfawoack 10 business was le oih'u
in negotiating exchange ihe eeep'' IN COTTON oes " iu
OIL at RAPID RATE anu al oeieFe's Ill out iAiAe III "
5,Oooooo oaIes were hoh-piuseu'
The money maFketoF THIS month opened very a'of"Dy io
borrowers Twelve mouths paper was HeFs taAe a. e
cent for high grade and 10 per cent for good la ,oT fa
names the transactions reaching from 10 szor'o per
day outside oil the BANKS oF 'he S uteeh uas Vi 'e
The low rate OF exchange heli OUT announcements int
article from Ne" YORK ana not only one bhnk out s'A oS
avaed themselves the occasion TO import 'nonsh one Oh me
OLD BANKS was oFeea lh'o te measure ny ouse 'A 'e
part oil the pnoc towards the m'dde Oh Inc n0h' mere was
more inquiry iof INJURY ine IaHAS' uHuei n " anu
anticipating es'sahve aco Oh Inc annual report ol 'he bo"u
o. currency cohlheu .e eou. 10 paper i'ie! y, 40 ~
days run occasionally taxing te al W days sgh' eA
change on Ne" YORK oec''hea 70 i4s discount Tue bahhs
SELLING over the counter AT 'sE discount ih0 is oi W
month Witnessed 'he 'ni resunoh o' 'ue o nut as
the 'non'h ADVANCED tue aoneS @ ln,e
Without any increase III f.es o W lou u he ,n ~
was recei'eu from We" io'A' "t'n 'e"oeu' "i.n e VIC
outsenehs os me government u ie'ie'e anu " liz 's
maiNe''
ine eSA'u'e o""'u sN ',oSe " 'ne in0' -
c'heu u 'aAe "ne'"! anu .''oN " w
chaereu bahS' oase On TUE oee thai 'e 'aA act Vi io-
nau frequently oee .r"hscenueu ihe eoni''ee .. 4A"ia
c'oae anu careful ciose
LOT on whieh 10 oase report personal
pena'esc0u u'Seo'e o'ls more IMAM AT several pef'ou
uu"s .Ne "e'''e BUSINESS 'oAh' 'ne Nieoots Vi 'e A''
lsp , o sH u oo' 1' ''1 '''N, III NV
1'op ""d 'e ' ' VI '''''' o.,e.'e'
, 80 -. 80 ~, " s $40 c n 10 X
| I'm ', r -'.7 ~, l o'o' WV Gu
10, ~ . ' o ,s , So VI a. ' , ::
s;I " .. w ~ H.; y, tn - ",a. :. ~ th
rnAre'"l ou VI l'"s o 'ou's ~ 4s
,:. o e. - VI $500 io ' ,o.e " 'erE
Tue s''su's III A"eV' rom 'eno' io'o ~ h".oh' i''
" ono po " ~ o' ~ D'' u qua wy
ihs eo'oa i.'ee h. - 'on'''u "s"'n'' ia
anu asso''ion' VI 'pn"e''' 'u'e.s anu '"p'"''S III
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-01

Exchange closed for month New York at ~, 1si2
per discount sight 4@7S discount francs
sterling clear bills sA 9G9A. No cotton of consequence
having purchased England there bills of adng
exchange on the market direct.
The month generally closed favorably Cotton moved
bk-western produce sold eadymoney continued under
Cal and low as per cent The
foreign regarding money particularly from England
and France decidedly of unavorabe nature Reports
rife of difficulty with the Bank Of France but all had no
Influence on the position of our market
The general transactions for the month of October we're
characterized great On the night Of the SOh
of September frost experienced through
tons of tue cotton region. About the middle of the month the
weather cool like the thermometer
the city falling to so.
The high degree of health which every of State
enjoyed the of this month incentive
early resumption in the general trade Of city As
.suakt this period the transient and migratory population
turned in large numbers. ton began market
freely Continental Europe and Northern
weremade freely factors willingly accedng 10 the high prices
ruling waiting the fall developments of
the yield, English buyers in general keeping aoo though
wo three buyers had the bodness to enter The market
for few thousands Of bales
Money continued abundant all through the month at the low
which had prevailed during the three previous months
Adces from England and France were OF an i'm
port regarding financial markets in all the great continental
markets. Money in England 51ag6; in Hamburg where
had months before per cent? it advanced to per
cent This reaction had influence whatever market
only drawback general and extensive business was
repeated gloomy of the Throughout
State.
Business however became very active towards the close
the month cotton moved brisky Western produce in goot
demand under advancing prices calling into requon all tn
ready of the Banks with increasing of exchang
offering sending rates downward and closing the last of tn
month clear sterling at bills lading 8@556 franc
Paris direct 5271s525 other points 1905 26 60 day
sight New York. Bankers drafts 15s@l3 discount com
ecial drafts from l@21a to "a discount; Sight 1S4 dis
count, Bank checks par.
increased offerings of paper the street, and tn
rates improved about u per cent. September.
following is con ton of the Banks the last Saurda
Of month"; with the items for the month of October
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-01

exchange balances increased for the month $3.50 49,
The discounts gross Ss22 co. The line of deposits proper Of
the Banks also increased during the month 1858 OOO
Considering month Of October the opening of the great
trade of our city, append the following position of
trade in October 1856; -''f
The sanitary of the city improved greatly during
part the month"; That at its close many of our
residents returned but had opera
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-01

The money market well supplied the oar
cent months paper 16GS for four aud five
months of first class 9l0 usual of six months
Banks having calls for discount than could
be easily granted.
condition Of these institutions the last day of the
lnanit with the tanY ears nre folloMs:
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-01

This the position of the exchange market at the
close of the year 1856.
The following the condition of the Banks the last
Saturday Of December With the comparative condition Of the
two years previous.
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-01

In our last annual review we alluded and
condition of the Insurance Companies and Assoca
TONS organized and managed city The general business
insuring this year has been attended with moderate
losses and all Offices have been remarkably fortunate they
still continue form the nucleus of the mighty share of
merce general of this emporium.
No companies in the world solvent there
prompt punctua and faithful in their engagements
reliable aud sustaining The elements Of commerce with
fidelity .[
The Offices which may be termed wholly subject New
Orleans public are the New Company esab
year 1906 with capital of 900, working
its augmented resources Of - - g,s4 .iga tg =7seg
Insurance Company, organized three
years from the old Merchants Insurance Company which
chartered 1929 working assets all good and solid,
of $3.50 0O.s s.F
The Crescent Company organized 1850 and
working capital and assets of Sl,5l3,0o0.
The Home Mutual Insurance Company organized in 1852
and working assets and profits of S792,0DJ. O.
The Louisiana Mutual Insurance Company organized In 1885,
working on S5l4, 000 ..... .--...-
The Sun Mutual Insurance Company organized in 1856
working assets and capital of S5350oO.
The Citizens Mutual Insurance Company organized in the
fall of 1856 under subscribed-captal SSso,9N
The Company Stock Association, organized
in February, S57-capal $3.50 600. d.
Hope Insurance Stock Company, organized in April 1851
capital S250,DD
Insurance Company, organized in June, lssI-capal
S3OO,O00. ~ ~ ~ 4-. ~!
Dividends declared the last year
The New Orleans Insurance, two cash dividends
The aerehsns scrip dividend p psr SENT
The Crescent. '.............-a5 per cent.
The Home, ........So per cent
me louisiana y q per csnt.
-.
Inc crescent mas reaeeHed ne scrip 'ssueu io ION" anu @
Will redeem tue scrip issaeo III 1911 ne coming iaohh' anu
pc. . VI ~ -, ' -, :. " -, -
Inc Merchans mas redeemed 'he nrss sea ssep say
of the year 1855 in full. o..
Inc imports OF specie sho" large crease over S' year "
the aggregate as VIII oe seen oy Tue anheAeu nshes'
MeA'cah aosts nave been paheh ee'' pai''e' Now
10 wal. M hou' ".'el isiiis. LUG ~ az, ~.
peen lhe GiaNens DAM hhu u - a - W -
pas.ie~ months ihe Ase" VI ' ,, :. -. 80
i"' 'ee' III ''e ~ ', - " n...,F.. -
increased, >" PRICES nave "u , ' 'oesr ~ 1 80
| o'o'su' WYE .a.S,,.,.s - -, - ~. 49,
| .ue, oe.I " i,e',f, :. ,.,,(a,o... . -, -.
io',4. ~ ;, . 49, -, -. ~, - e.. e. = ~
- e , NY 80, ,,x., - ;r -, =, ,nsIIla,o.s[ T.
. nn - ,h Al ~ az TO- ra fr n, 81 ~ ,oszs
-, ~, II IL, a., wa,, -, to1ts
w
Inc rece'p's vi com Il" ' pott ot tue
toio"s' win Tue comparative feeeip.e y, as' seaf
he9eEea II" Nv e. I To- .ba aar anJirg sIt
| Auensf 1857 - - ........... 49, 6ss 6es
Received from California, gold 1900
Imported by the Banks from New York gold Z,sploo
Nc con.aa ~ nnr;cnn ~ e' " s' " 5s ON
Total receipts Tor The year ehdhS Sis August 1871
Received in 1856 OF Mexican dollars. az
| r
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-01

market active In the early part
of ts month, The large transactions in cotton threw large
suv of exchange the market causing great rre2ulay in
rnes forcing clear sterling bills down to 6a6 premium,
and sisht New York to M@l cent discount sixty
DAYS sight at 2a6e2z6 discount
During month the question of the extent of the produc-
ton sugar determined by actual results of the
quantity throughout the State. Prices advanced this
10gc for prime to choice, aud molssses to 6o64c
These astounding prices The market WAS
however, under sway those immutabe laws of supply
and demand The deficiency the crop began exhibit itself
in the general money Market though capitalists and deal
ers in paper for predicted tight market
early year. their predictions not realized until late
In the season. outside capitalists had retired from the
market
Towards the Of this month the weather became ex-
tremsy cold nterrupng communication with the West and
checking activity briskness which for weeks had pre-
vailed in he Western produce market.
On the oath this month had occasion to make the FOL
lowing remarks:
eve further reduction in the rate Of in
terest on the of England. Well do not mach
about prsenders regulations OF the trade OF the world
control all the money in the universe and
its general experienced this of the world
but community Of New Orleans has made impress
sion precincts of the old grand madam which will
held and controlled in this city has ranged from COO to
s25O0Oo0 The hand (Which at this date 397 900
bales cleared has in all probability attained Its maxi
mum for this season. for that
New Orleans controlled the cotton trade OF the world"
ub.ealen! the winding of the cotton trade OF
have confirmed views that our city can, in
great measure control the cotton trade Of the universe.
Exchange abundant and the last day Of the month
| was selling almost all sorts of prices, as folows
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-01
OF THE SEA COAST OF MIS-

hout the first September shall publishing
thrppgh the columns of the PASS CHRISTIAN WEEKLY
TINES full complete history of the Coast of Mississippi
Alabama Louisiana and Florida, from the ISIS to lS
The history will appear in each issue Of the Times and run
through a three mont p publication of the paper
We advise all those who desire know the history OF
the of TIL subscribe 10 the Times at
once they will probably get another chance 10 procure
it rs L has never been published in book FORM, .
nns c1,v year in advance Observation-Disclosures %
One copy months in advance 800. "
S6jFess ali orders to E. I. CHAuDRON,
anlT puhlisher of Pass Christian. Miss
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-01

The paper closed the best and 99
10 for good of long date -Four and months
was not regarded with much favor though little offered
Of short date
Tho position the Banks, with the position for tbs two
yious years on Saturday Of this month"; will DO found
in the following figures:
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-01

l. lice of nv found office No. 10
Camp street. " \, ppx-Nor ne
II NJ ~. hE NpLDe.-
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-01

HHNVAJ NOTICE DIR. GEO. W. SMITH, DEN
IL TAI SURG EuN, may be COZ suited daily, nom A NJ
al p NJ and residence cos.er OF Caroadeiet ana La
fayeite streets Gate Gsvis strsetl aelV mo
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-01

Comparative Condition the Bonks Of Net1 Orleans The last
Nine Fears last Saturday Of August for eaeh Fear.
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-01

streets twelve hundred dollars front FOOT
point the returns Of the cotton cultue1
notice large increase Of many articles OF West
proncs We claim attention to the large additions to the
forwarding business exhibited by the Of
merchandise which have been received bore route for the
terror Of Southwest and the great West To these may be
added the unbemshed standing soundues soy and pune
tuality mercantile community aided aud sustained BY
our superior banking system and Its appliances"
At this chssrfnlly do with the greatest
satisfaction ndhsre to the foregoing remarks:
The exchange market closed with free supply the follow
New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-01

Average held weekly, ending 1921 0es
1Si5....-. 2.5e4,651