New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-09-01
NEW ORLEANS MONEY MARKET,
COMMERCIAL AND FINANCIAL EVENTS,
From September /. ~, 70 August 81, 1850

From September 1. 59, 70 August p 4, lSos
GRnscESE 0fFIgg, August 81 1850.
The Twelve nanshs ending the August. 1883 seaic
wits great prosperity 20 the great Southwest large gro
Tor the year ISIS received ard sold for hgiy Fc
nanrsfisc prices Our Staiereoced III profitable return
It's great S44pie sugar, Our city from pesiiene
The wsr Of HE Great Powers Which i was pc
ieyed might operate disadvantage Of onr country com
merge was brought close financial insui os were
strongest position and continued 70 pe WIG
that ability and npehess which have foE years
characterized them, under admahs system o. eank
Ing Our city continued ID increase IN population and extent
Its general credit e pecaA sooa throughout the ma
n ,rs,hou limit, nd known in foreign financial and
srsa world Is tho highest Of The high with cheering indica
lions o another yield The controlling element of ih
trade If ha world and with prospects of good return in
otal stNpe sugar Under these aspcos prospects
neared the commercial year under review
But chsauee3 results have followed An carly and
o severely injured the great product of State
reducing yield third from the estimates and though TIT
yedut yield followed by enhanced prices nevertheless
the derncy sufficient to have important bearing on ths
market through the season.
Following the euberant returns cotton crop 1858 80
anticipated that much Of The indebtedness of the country
directly with city would have been cancelled
True yearly in and agriculture requires
additional and credit yet it IS manifest that The
crease in hands negroes has been rapid and
ransed 81 the condition Of the country In isolated sections
and regions there exceptions these
rnay win have charged for yielding and paying price.
for negroes and ens which CANNOT is believed productive
Of legal interest Of State The SCALE prices
which have governed the great staple the season no ter
Mating
II ii useless to attempt oise that lock
appeal The future with fond hopes cheerful feelings
political condition Of Souny far from being
which viii continuance Of universal
pospeit and good feeling fto Maine the East and North
ani Texas the West and soush II is difficult TO bring
is balisse that sha peace wefafs the greatness
is ration VIII be inaeeed Pofteatens Clouds hang
political horizon We only hope they may speedily
disLeed True, the great South could snbsst by Itself but
hind Providence has yeGchsafed that This if
10 credit the retns Of the grain crops throughout the South
States that shall be independent What
results what ef cts division Of this confederaey Of
States waad have five hundred millions Of dollars value
in HE Northern STATES which in The great netrop-
oils, New York, be imagined Political disturbances
and in this age progress blended and intimately
coanecled with finance that Il difficult revies branch
without embracing slluding to the entire position Of affairs
and The social political compact
With the events attending the past twelve months, tie
important the Of the cyitized weird has
anoher Large yield Of cotton, will appear BY the annual
up this date viii exhibit very large
great years 1858 Yet with very
good prices ohiRned liabilities obligation c9un
ronneced with city have increased ana MOI in all
probability destined BE- eafae Of the
isnaN coming market Although REGARD pres
en disturbed state Of Southern Euepc likely have any
adverse influence business Of our city the
coming yet the on European Con
nen ths bold stand aud assumptions Of the Rnr France
frem looking to the future without sgvings and
safieas doubts The China II NOT course affect us
dreesy- Tasse be interruption in the demand and
aGe in manufactured Gods, which will directly bear on
the IaneAsass sptanegs and traders in cotton
Although point TO cotton bales the basis Of
gress an mighty tie, ncreasing, will in every good
slil sng and eiAnt in The way direct
,tion with tasscs customers I'VE viii not call
them bes because they esd purchase cotton
II they not conpeedto TOD ri gland France But th
ought not interfere prevent the establishment lines Of
Steamers direct between city ports
Liverpool and Havres also Bremen and Ham
burg. The attention of commercial community ssas
ausey called during t last spring oproposa and offers from
Influential merchants in England fer the establishment Of
line Of direct this port that
p Lsercp The proposals tel harmless though onehalf of
o capital required rendered by mefchants in
IdysTpoe and capitalists london Whether the project will
DO through depe Is great on the actien Of
community enszquarer-yea onseighth III
tho Eaoney discussed by citizens This very through
Norsh supporting people who so very inica 10
She South you'd hive built and equipped lines Of
liverpool asre aud Bremen We do despair yet of direct
b with he European 1t has
everything % recommend itnothng to it only
d Of support the part Of leading sr-
chsa aud cizens Whether the grea varied interests The
great Future II city is to be forever controlled suhct 10
The dominion 81 Northern cities the ada the
pcrsAIcn and feghag cotton BIZ under the Af6enee II
cny BY every merchan every ae all aisers coon but
ASSOCIATIONS and bodies companies
and bau well te body polite deaomnaed The Chamber
of Commerce Of Few Orleans,
Thefe arpears be very lille desire very lts activity sti
less Spirit say the part Of community or
gAnias Hsseeaons fo tile promotion Of and mann
conduct The gigantic trade Of cyto give Sc
enry commerce industry agriculture We have in our
rcmnniY eny protective capital associated for insurance pu
poses he oil eight and half millions lar to
protect sid stationary trade outward commerce
snsslAng fnlis hundred fy millions Of dollars.
He pass The pedinenss and obstfnttions ut the
oal 81 The Mississippi the bars OutFe ard
EpniNsss Hass only few remarks AS asual in the
spfHs Of tie sear ioiewng OF he annual ia in The liver
she cfan 1t he ineuih Mississ distracted
but na tie extent of the months Of JaHaaty February
Mafse 1852 The ateaion TO The bardensome and heav
iesi datt Of waser gesels only bf duration Nature
fonig e ohpetoi nasare id its course ief18ydd them
and the shppins community went er way rejoicing
were.
We are sl hacking and gfng ia the essential elements
render ~ ZEAL actual independent inc absence
" associations fo misunderstanding purposes ha been often
reniel ON sh al The srnianees water, with forests Of
tialsr unbaanded with iron mines Of e&hanstless capabilities
f9F supplies nitia thsis Louts travel with daily cennec
tioa VIII mles % eoa also aHbonnded vessels built in dis
tant States sestoas after yeaf furnished for our
hOne af nwAsd he transmitting hundreds cf
thousands Of dors The Wet Steamers employed IN the
eoastng e IF the Spalh yearly sent to Northern
ports Tor repairs Sugars FL the ATE every season
suEsh 10 atsnu places, reiired brought
ass profits accigg 10 these mutations friends Of Northern
preaeeon There are to be Heated in midst SEINE
ionndsie boiler manufaco and other mechanical pursuits
renEeseied ~ indacus anu citizens iii pros
pefeaH condition ret there cotton mannactoes, no
niis for -four and elg sugar e6neries The
saanidias braness repairing s WA rep esete
" associations et h all lie gIee ugodiag m best
muef ~ pc w0d diertS doors, all we can record as
Ds fe q pnt tpf ihe ia year tgo or three
eaiaeoas or The towing tlade and the machinery o. of
nsn NRs bfoue fpn The great Black Republican State of
massachusetts We have waited years fol- Southern indie
pssnes rs is termed bpt have attained as yet
s1 anslt w Until oas cllsea hoo encourage home
heeAncs aud artisans form associations for manufacturing
aud retain the millions Of dollars al home which are
seAlay paid out 10 those who no affinity very little
is'saashp sad essfselug for welfare and pospe iy
he that while Iesiesiug tbs occurrences and COURSE
~ 9aqe t0 se pa twese months congratulate our
eonsmts city and country, viii the enyeniag prospects
we DID ago.
W & aiieuded with dIoet Of long duatioeStendtpg
~ sean sections 10 monhsw Political agiiaiiolis ii os
ssiaeas hasase s esae alarm and fear The Effects Of tho
eseagha will 81 eaee seriously experienced III some
fsss o. ohr own State Starvation inhabitants in the
- SfeI 81 csrpa Of every kind have been died and stock
~ saAg have SCI. sle effects intact The ana pro.
~ e g Lcnas'sna Is parishes likely to eel the
= siniae We only hope the best and that
2 e We eopsaaiae eomtnsrcal and suancia, cnna1.
II 'osspse frsnss q Ne 5eaIe business closing this
VIZ ~ ~ tHiuA DOR appear az M od ~
esea- We commenced liz ses, af 1s, en