New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-01-07
slsa Orleans stluntu gIarhtt.

Wednesday Evening. Jan G. 1858.
Tho tone 81 the money market oday nothing for
cndAd review is evening Capitalists Of very
ehzry; The time very ie paper offering
rough brokers The aos important feature Of the day
the by steamer Atlantic from Liverpool up the
nit Thu commercial advice much favorable than
expected advance o. szd1kd expected, though
the general impression that the minimum price had been
reshed IN The acu Of production 100000 for the
ya The Manchester nd sces deemed unfayofabe.
rhexc and is for believing that far
concernea eliminating point has been reached
fhe telegraph advises Of the failure Of house connected with
American Kngndor Bo) which the only draw
osek The general hand. Breadsius provisions
a viii be closed dull Tbs general impression is that In
vIsRo Of adec CROP much n that dirty lea
go any Manchester apiuners Liverpool trad
have got at that figure which will require very little
H. well very moderate hold It,
Possibly feel the difference between Cd. Cd
nza good demand arise which may result adyantageous,
dis for realizing high prices anticipated
csber idle hope for them II unreasonable
the belief that the has ARRIVED passed.
fhaash low rates will prevail and possibly further financial
cnles Intervene predcs that The point elimination
e IN record. We shall
TheEe was very done to-day in the paper market
Ese'ss Who believe they win through have desire to
&snme responsibilities on the next crop that which
Vlaniad April next and there paper making. The
ariags bank to-day for discount moderate considering
zhe upeseariy everything done. Our bank managers
tsls placed IA what may called delicate position
They hardly know what paper reliable They
fssey for rendering facilities and granting fasps large firms
eh have haen Of avail the real value Of their
zcunt line be justly arrived at duly weighed under such
fn<eenue have been receiving the thirty forty
dess Al the time the full Of their income has
from day day rediscouned and n factors
rsd or adsanceito render wild lands into yielding plantations
snd comfortable homeead paper inflated basis il
2apossipe or The banks to sustain them maintain
and saear atlast years prices.
The Erchenge market day In a, quo There was no
desire the Of le banks operate they are the ony
radiance at this juncsure. Checks New York
M rnanf &c..
rAirs days sight from ~ "a pcr discount Sixty days
slight from ss and 81 discount with bills
AZ 81 aad cent discount Sterling, with shipping dOcu
Of l0S l0i but after the arrival Of Atlantic was
tnls qaut At l05@l07. and Southern Bank drafts Al los
Francs DALI and very few Offering We quote As
sna sans Paris direct at s.lo@sas for short sight
There Mexican dollars to-day los and Ae
far recolnage.
We isaa Of sale Of 90 shares Bank Of Louisiana
snP.T.
We Kara that Palfrey Co. viii hold their weekly sale os
sfooks, bonds and scrip Saturday, The 9th inst.
We append he following extract from Mr. DIHaes speech
The panic and fesaon delivered in the British Parliament
during she debsse The Bank
Il seems 10 that The Arguments OF the Chancellor Of the
Ezchequer on rather iuconsent basis The right
hsnezbie gentleman ana be acknowledged without any
saloeaon, thai h opinion thar n present commercial
distress csnAted Ia disturbance Of capital aud credit
Why" then the right honorable gentleman Is our
henon attracted the subject Of earrencyf Way sir one
oxd really suppose that the right ho orabe gentleman had
Astoen Tor The moment the circumstances which Pars
aent bad assembled and the rcao for meeting AZ this neon
Vuien time Of The year Consider what has occurred IN the
commercial world during the last yeaz was IN Che Uonsa
h me crisis q lsf7 AID 1851 took place have read
Sock pitoe IN ISIS but MOTH in those years equals those
hare occurred IN this country the Ia month In e .h
~ss deal Of trading and speculation and IL Wa
chiefly excited by the fact that commercial Relations with
span American States WERE os the dst time open /,
zh In 1881 had very relations with thu
Dated States Of Amer nls7 you famine colneden
hh Investment o. the ready and floating can,a Of n,
onny IN public works But in athese cases there were on
great Of suffering, which, though heuse wa
opa But Ia this css Il limiied this country W,
suspension the United Satesyou have commercial
repnb which basesa is operations metallic currency in
state Of bankruptcy 10 every country IN Europe dis
Of crelin msny credit Is prosigae The whole
1hs Baltic trade Is pros,fae extends even TO Spain a.
sut Of Germany the q Europe the consequence
indehuiely England than IN isa7 til
Of liabilities Of that failed was seventies
ians seng called the attention Of the House the othe
ht failures Of foriy-Hge millions sun
than double the other seems 70 me- therefore, that
Is ss duly Of Parliament inquire the causes Of mi
slarEe contuson. should agreed to proposition
mpniFe into The q the commercial Distress to
inquiry Into how far that commercial distress been coca
stoned by the circulation Of bank S47 such com
aiee sppoiaied, aud thiryseFen days It, oa
seeet divert the attention Of the from the con
s4eraon o. tho Of 1874 The result viii follow yo
1pPoint similar comnee consider primary cause
he disturbance Of capital and credit throughout III
~ld q be he discoveries Of precious metals whicl
hase taken pa Of late years year 1852 tn
rsmnaiing pout In ls5l-52 had thiak f220OocoO
~ l'2e a iAe as q Engana snl - bsd s,Fspsl,ar