New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-09-02
NEW ORLEANS MONEY MARKET,
COMMERCIAL AND FINANCIAL EVENTS,
From September j, 90, to August 5 j, lse
eksscnsr orrlcE. aug. u, lssl.

S>~ss>. 573R3s
ess4s 9 & CRESCENT ofrtcE Aug. n, is6l.
The twelve months ending This day shercd in under ,s
aspect With and important chapges
transpirsd political and social condito q the
country We how % apprtach an
review sc and go
and The and changes since our ia ANNUAL
review. n sh
The potica course natoa hss much Dc With lis hHar
es md commerce. we'll social interests and concerns
Twelve months ago agfsated by qf Ie
harpas and most exciting political contests record It
.e ii placing esecuise ehae the late United States
4 sectional ruler hsh has produced the geate revolution
Known n the annals of history. ssSs s5.5 y'-
one year age To-day in ANIMAL review we inited he
following: 5i3 n .s5
Is uelsss attempt look
9hs 81 ,n r ben
that which viii of nnisers
asa
shis nation vii R ssgeasa Portstoa cioads lang eyr
Sc Political horiaen only hope they be
has voucsaed lint tbs season. Five arc
ssa ERE II saiaasesas
what effects dsis d this q States
wonid hnyeon fifteen thansand millions Of property
North soa.h Est ss1 hs naginea Poisissi dis
aisy co. soasssa NH apsaes iea teyis%
branch without audig the position
u compact. f+s u 595
above become history. The course of
for the last months has completely eclipse and
an calculations expectations dining
rs six months Of the wear that ii difficult realize The
gigantic changes followed election
~ 1860 The change in the pola horizoAthe basisof the
great however the day eft the
election Pennsy rana octoher
favorable influence attended the commerce. and finance
till advanced period II intent
go aIeyew Of which led toshc great
heh have resulted In tho md dismeIberment
os United States Of America, merely to remark
the The week succeeding
November Through the prompt resignation of all the
federal State Sf South Garoliua the nn,s
calling convsnon, followed by movements
character in oher States, including great
result of which has been the formation Of aSouthen
onedears destined immense greatness power and iniiu.
q ence among the nations of the world. IN
notwithstanding Tie agitation and excitement arising from
She political during the months of September
Dctober trade and finance moved aong harnoni
ousy and saiscsory barring rather higher est
with slight ID the general money Cotton
from tbs favorable and gaterings in August
teiber caneto market in greatest quantities The demand
free, and The scale prices which feunoating
character 10 cusator well maintained The money
market began 70 exhibit Of clossness
heavy engagements inc the previous The
the staple III 1859 created IDEAS stimulated en-
gagesHts prices land and negroes greatly enbanc-
ing the yearly assumptions and liabilities Of faeteIage.
nuity only heretofore by
the whlwnd Of speculation years 1886
Z and 1851 ,43s5584
become The duty Of the historian to ebrores
greater important pslicai oeial events than
50 complicated are commerce. finance and agricultural pursuits
In the mighty cbanges which progress that
and effects daily pereerab in all The walks
Of life AT fe PR time record The total suspen
sion Of a hnsinsss not Immediately connected with
being presented contrast this great
the close year the transition though slowly in
for nienhs ciicles nlos sensbIy e
eYisnted. Blended many the industrial and mechanical
Interests with the changes and Of he fatre
no in pfUsfess will ahe real independence the
Soph and relieve II Of that dependence on Northern States
which has long been adding The wealth Northern
and shipping interests. fact a the
various industry North East Vest have been
increasing IN wealth and strength through Southern patronage
and generosity There scarcely solitary branch the
dnsai and mechanical what can roftaby pursued
in the South ur city be made greatest MANI
featuring pourns the world forests of the best
timber IN The wasid whn days Of the in
coal mines connection with
te IRON mines Of Tennessee Missouri Agriculture and
trade with the nations Old Void Is ho seSsr
the policy Of ihe 10 be great Sonth u n VI +ss
III Of the branches Of commerce. there ia none that
feels the effects pf the struggle going On more than lie
srest True tonnage EMPLOYED
tho MiassspB and owned In States hos
tie to the os no evnced towards those who
nave been suhsspg for years en- Southern trade prove
10 be reeeant intsss We material theouh
for great rsaseo e steamboat interests and we trust our
next animal viii embrace remarks On the establishing Of
ship vessels and steamboats, Of every
class IN course Of progress aud being bnt. ~ |
At fe commencement Of September last, Of
inipn the extent cotton yield The
mnns Of July August been unusually dry Throughout
ne cotton region The bo IN some sections coming prea
tne yielded very lightly in comparison
The receipts FOR the month August large fol-
lowed BY still receipts through the September
that close o the month the attained to the oman
q lsl bales There were few appeared dnfing
the month The on The through
fhs month leading holders ID meet buyers and giving
xhsh you'd been granted The
Tecspis during the month were la Go bales n something
Inua that month Of September the calls discounts
Mt the banks should largely exceed The income though the in.
bs limited The increase Of discounts the first week
the Incth s5T 0e During the The paper
continued to be freely supplied with interest
which could have been placed August at from
96@9 cent could negotiated at lower rates Than M
IL after the middle % September. 81
The following axtfact written the 3lst August last will
exhibit The phase Of the market at tbs
Of the present year: ,,9ss3 TT
aIso close the with less defined ability
n as IF eaE bssks fsr msss1
VII eis sss and g s' Rs as
x essss e a a E
g s r. hs % b s
e gp lags bed5 # cotton Factors ape
sasaey Win which they have great cotton iiade
Ipnnsrs sad Northern maafaetusr and secuaos n
no realize any advantages even under close money
The Exchange market during the aucpaed eonsidera
bly, Northern sight funds The 18Th advanced to alaz
Thesefates only for brief period aud CON
timed g reeede during the MONTH Clear Sterling opened at
l09eli0f Document Bills al 0g1 Francs al l5
and New York sixty days sight discount The sales Of
cotton free scope the and on the tl Of
month the market closed with increasing supply at the fol-
owing rates s2SaqS ~ !
Ugh Drafts on New York Sscf dis
MY Gays sight aa92K Pc dis
si lass With documents lgssasl1ss
fahcs 10 S4015221s
1