New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-12
Wem Orleans 1ailp 6rsstert.
THE COMMERCIAL DEPARTMENT.
Ytm ORLEANS 5tloney 1larket.
CRESCENT OyTIcE. No. 10 Camp street,
Eridaxr E.rns,i:arr Cant Ii laEI


Friday Evening, Sept II. 1857.
There was considerable inquiry in circles day for
money but nothing indicated that inquiry only
temporary causes and those brought about from tdy
and circumstances than anything else It for
aarmss and croakes to undertake panic this
market. 1t will not go down any way at this moment.
Although the offerings in Bank today large and heavy
the discounts were comparative to the income We believe
Bank managers doing all they can for relief have
reason for believing that Mr. Mr. Smith, desiring
loan to-day offers just about the amount really wanted
and gets Just as much as expected expected that there
would have been heavy day by
o'morrows steamer for New York
up to o'clock The fact is there much owing the
North this time from South and though sight funds range
pretty high at this jnnctue it is only momentar. There has
only failure in New York in which citizens Of New
Orleans involved, and that Or. 1t
eved they will right up This general
preston to day deduced from advices The other
pension in which supposed parties in New Orleans
teresed WILL we understand be able pay. 1t all folly for
some folks to be crying ont ruin overadng and We
wonder they do not out planting
and will be worth cost Of transportation They
might, with the popriey indulge the belief
there 10 be panic the New Orleans money market 1t
must not be forgotten that there is disposition all times
the part of dealers in posi-
ton Of the money market They will offer for discount
the Banks which they furnished with
shaving afnes and If it is rejected the will
not discount anythingeveryting thrown and all
friend Mr. Smith ntmates correct paper offered
express oil rejected thrown out
purpose to create effect.
There the hands Of note brokers to-day
Of paper for sale That rating Al having six
months was negotiated at the rate Of 10 small
of double AL 81 but generally speaking there very
little paper offering today which be really
the first class Then again. folks easily
alarmed We have much fath-so great reliance in
agricultural, commercial and stability Orleans
that if all New York TO suspend payment morrow
would hurt resident merchants traders and dealers
only trng consideration. In the way exchange balances
New York be indebted to New Orleans about mil
lions of dollars. We think this with prosperity
of Ss00 in and S000O1ObD in cotton, passing
under the control Of and through merchants Therefore
it is ridiculous for people taking Of panic
and in fact it is in the highest degree
There sales of Exchange to-day. Sight funds
New York heavy zs(aI15 premium Nothing doing
GO days. Some small sales 2l3 per d
The demand for time exchange Northern cities
limited Sterling d-ags heavily at 50, s249 The decline
6, the coin must from somewhere purchase
If should not be wanted, then different condition
might arise be taken consideration when such
| event may occur
There has been very little done in stocks this e
shares of Mechanics and Traders Bank sold 1041
Union Bank very firm at l21ll24 Southern quiet Son
inside transactions of Bank Of reported
| nothing of great importance.
that favorable adyces received to-day of IL
Tehuantepec Company Of which full details will be
| tomorrow.
L1v utotat jnns