New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-10-19


There are daily some factory bills offering on
the market. The Black Republicans of Massachu-
sets and Rhode Island will use the slave produc-
tons of the South; in fine, they could not live
six months without cotton. Yea, the higher law
merchants and manufacturers Of the North con
tinue to send their orders hither for both cotton
and sugar; they, however, do not send gold with
their orders, but say 'sdraw as usual"
The stock market continues quiet We note
sales of 200 shares Gas Light Company said at TIA
butpresumed to be paper transaction; also, an
other operation of AZ shares in barter. All stocks
and bonds feel the general strngency Of the money
| market. Some few shares of Bank of Louisiana
were sold at l65.
| The leather and hide business in England bids
fair to be as prolific Of creating astounding results
any other trade The great failure alluded to il
the following extract from the monetary article o.
the London Times of the 22d ult. will be read witt
or less interest when it is understood that the
firm of Streatfed Laurence & Mortimore failed fol-
81 100000 a few weeks ago. This firm was known
as leather factors There also prunella factors
and from the returns in the Bankruptcy Court there
appears to be factors in all branches of trade sue
cumbing to a want Of the needful. Then again we
have to notice the failure of Smith, Sinclair & Co.
This firm commenced business in December, 1856
with capital of only fl20o, say $4,000. 1--WE ex.
pect that was borrowed) In 1859 their transac.
tons amounted to $2,250,0OO. There was another
firm called Smith, Patient & Co. We have only to
call the attention of our readers to the extracts
from the Times. If such transactions had taken
place on this side of the Atlantic, it would be a
long while before we should hear the last of the
remarks Of American debtors to England's bank.
ers and capitalists. The great bankers, Messrs
overend, Quincy & Co., do not appear in very
favorable intelligent light in these several bank
ruptices.
Ihe leading e.ennstanee Of the enormous failure Messrs
4aed seerda ON the lips the chef acting partner pre-
70 INC b o. hsir oaa shee,s in The Courts Of
m ne pFayoqs impress and their prncp yalI is that
would be found il eatly al the insoy that
ds Ike @ea h a nns 9m e moden afs Of tho
sion Of the Bankruptcy Commissioner opinion prop ,ry
$o gs Sps Pd@sd x s s1e SsReu T' t.
for Thns IS Rf T m M matter
speaking @ leading All
n that IN another n H There &C. debt ao ho
mainly Consisted in verbal from ms RsGs 49,
Tor that the n m should lose shilling by him.,
E ii her service so5 seap e y ~
United ars t. commit e @ 70 the ts Of fooo TO the
They Win hn ps st'f hs%sh
assa Ssd Rss E e
whose amount Is t5I0 were however, with less
confidence althonth NJ r. CLARK said he had enough
psy III ne msgiyngS enteranei IN that special
business Messrs Seafed continued scount bills for
Messrs Clark after they thought they Dsoyent
The whole evidence in II SINH 5 aim hui til witness
NJ these admissions seemed manifest much indignation al
the mention of iepor that his firm had been in the habit Of
charging commission on the renewal II of the bills with
which they had been traicing greater fasehoo ~ be
eXcla med, told in The city OF ndonn false
hood IS bad as anqther but 10 be hopei that al pariesn
this ntar feel that there be asehod than
tina of circulating bills which may through ai The channels
OF commerce. represent value vpd when
morning. bn the paper upoH which
manufactured Finally il is 10 be emarked hal the singu
confidence the btnkp in the sovcncy of the
whom hey engaged exceeded Messrs
OxereRd Quincy Co. In themse NDtwihs nndng the
gre experience Of that firm they felt pretty up 10 the
that Messr Stteaed had ample means satisfy
ultimately demand Three days beo the soppagc
the winess went 10 Chapman, partner of Messts
Quincy o. nd told him that they could get he bills
dcousted and would ASST enable hem
on The Immediate reply wa, ,h must stop and
partial aid forthwith rendered security
OF co II is be assumed that the an idea had
been entertained that their position Doubtful the
would have been that they should
and unusy nnnc the general and interests
their creditors by single after they had
to believe That there deficiency.