New Orleans daily crescent., 1860-12-21
Us6 0rleans Duly Grsstsnt.
FINANCIAL AND COMMERCIAL DEPARTMENT.
Hin Orlsans HLul1sU 5tIarket.
oss.e.sE &c - q csnp !, 60. a,


closed yesterday, regularly and quietly. About
meridfsa telegraphic dispatch from New York
was SPRING on the market, stating that private
letter from Liverpool had been received in New
FORK quoting an advance Of Id. in cotton in Liver
pool previo1s to the 9Th inst, when we, two days
ago, received advices up to the 9Th and 7th insts
Nevertheless these canard adyices partially put
stop to general transactions in the staple. The
| improvement N commercial and financial circles
which we noticed yesterday and the day previous
was observed to-day, and in general the comnru-
nifty is moving on remarkably we'll There has not
| been any suspensions this week, though grand
! failure has been aalked o. and, On investigating
the talk, we learn that the frm of Panic, Fudge
Co. has been brought to close that the extra Y
/ ordinary exertions of Mr.. Panic, with friends and
sroakers united have failed-essentially failed and
broke in meeting it's engagements : shat the firm |
will Immediately go into liquidation. or possibly !
enter into q new compact and association.
1 There was decided improvement in moneyed
cfgcles to-day. The offerings ut the banks were
not equal to the income, and en- the street there
was very little Offering Some negotiations were
in course of treaty at frem 282a Vet. per month,
and at 1i@2. Those that operate on borrowed
cap5tal and are dependent on bank facilities from
day 20 day, will feel the pressure until the crisis is
passed! The failure Of Panic. Psdge Il Co. re-
moves one great impediment to the future success
and prosperity of the seasons business, though it
is NOS expected that the seasons basiness will be
, altogether prosperous as ssie last.
The Exchange market rather quiet than
otherwise day. Northern funds not alto
, getheF in large supply. In, most quarters the
counter rate for checks at the banks was dis,
with very dull inquiry. Outside there were sales
at get. dis. in unlimited Sums, while the banks
were picking up much as they wanted at II dis.
Though /, ll@l3 are the quotations, they are
rather arbitrary for the present time !: yet there
was. all round, good deal Of business carried
Z through in Northern funds. In time bills we did
not learn of any transactions. They may be quoted
at all sorts of rates, and then again at no rates
. whatever; but parties who can wait the maturity
IS of sixty day drafts will realize fine proit-that
= is if 3l15 get dis. can be considered such. In
- Foreign Exchange the upward tendency of yester-
g day met with no response. Large dealers were
paying to-day 1909 for the best of bills and from
that down to 99@9s. Remittance rates of yester-
day were not sustained though really, outside of
: some coffee settlements, the demand for remit
Il tance is too meagre to command notice we
or therefore quote extreme rates for clear sterling
from 9SC1l0oA and l00f@l0l5 Document bills
range from 96097 up to 9s5 Francs have i'm
proved slightly. The movements to-day were
1F within the range of 5.S2a .6Ta, though some ex
h. eeptiona sales were closed at 5.864@5.65 up to
625 for remittance-these latter figures are fol
n something very nice on Paris direct. There were
other transactions on outports at from 5.85@5. rs
an There is a better feeling in regard to Banl
Of Of Shares Holders have advanced their rates. Tht
low fignres talked of some days since discarded
. altogether and holders their way through
ste without submitting to sacrifices. The Scrip
pkt.a II y,..,,
~ Company of 1869 have been made at 50c The an
go pual statement of the Citizens Mutual Insuranc
~ Company has been well received By those intel
= ested The losses of the year have been compare
f lively large nevertheless its general business show
Of a profit, and being home oface, to the mans
horn all its interests are identified with the pro
III nerty and welfare of New Orleans and Louisian
es 1t shows profit Of 81 fct. on its capital and
sets for the last year. The usual interest of S9c
Y on scrip will be paid, according to notice els
where. The capital and assets Of the company a
--, now 1886 600, all in good securities, say bono
her bank stocks and $50 ,000 in cash.
10 ge'' The following extract from grain circular,
. ted Liverpool, November 2lth, will be read wi
ling interest by all engaged in both the cotton a
grain trades. England is not SO bad off for food
O. has been given out for some months past:
ling The weather has been marvelously fine: first
oh preparing and sowing the land for another harves
4A'' secondly in giving improved condition to the NJ
o. wheat rendering it suitable to the fastidio
- taste of the millers, who have been rather unt
her pectedy spoiled by a plenteous supply of fine
For foreign; and, thirdly, by calming down mel
"a minds as to the productiyeness of the recent h
. vest. Some viii that it has no parallel
badness since the memorable year 1916. 0tht
- consider it as resulting much beyond previous fet
ship and anticipatons, and that, after all, have
s " cured toleraby fair crop. Now taking two ST
% autagonisc notions, it may be that the truth as
,ppy the comparative quantity will be found at pc
I@- between the two extremes. The conductors OF
rican public press have abundantiy ventilated the GU
will ton Of the harvest in the discharge of their da
'"p and weekly duties for the benefit OF the gene
go. public. From their writings, from private soure
-a and from long practical farming knowledge, L
will able to make up statement as regards such of
1t ap- midland counties as | am well acquainted "
oa4 Observe that have taken the mean proportio
- quantities. both as regards number OF bushels
, ,Fican n acre and weight per imperial bushel.
For Giving detail of bushels per acre and we
CO. per imperial bushel the circular goes on to ST
5-,.-a Touching this comparison of the different
ei Iad ricts it cannot fail to to reasonable
that regards quantity per acre. are this
co, not much behind fair average Of seasons.
u az sio the point of moment is the reduced weight
- bushel, and the consequent amount of food
smer dncing power, which will have to be tested at
: dis mill Now to arrive at + the solution Of this u g.
co. attention and of ealculation-suppose we take
- average weight OF an imperial bushel OF wheat
nd
eight erage oil any seven years. say VI 70 % poihus.
co, shall then find deficiency of about 81 Fct.
to 0 he our estimated growth in the United Kingdom ia
- as 2O000,000 or deficit of l,ss50,000. have
ship prejudice whatever in favor Of these deductie
osdng and any one who is disposed to think dftere
"ssu can make his calculations to his satisaet
Ew. by considering that 333 600 quarters of wheat
- flour Represents every pound per imperial bus
PANY or one and two-thirds per cent
If the above should be the only momentous
cheney in the wheat crop of 1860, we have
much to be uncomfortable about Time will
and mellow the grain, making it seryieea6le
mans use; for it must be borne in mind I
though comparatively poor in quality, all has
gathered sound without blight, mildew, rust
any other disease incident to the crop.
Now the aid given by free foreign imports I
all quarters during the months of August, Sept
st Of ber and October amounts, according to the Be
of the of Trade returns 900 quarters of wheat
isks at -four being wtn sos 900 quarters Of half wha
imported in 1S5S-6, ,235 $50 9uarters-which
will be our highest import in year, and more than
of the quantities received the other years of Il
dent foreign impostations of wheat and -four, 1851
,,., and '5s. Bat besides this, what do we wit
nlo1l now? take the last Mark-lane Express, and
,,,n that in nearly all the reports of agricultural
,tain