Article Text
New Orleans Proney Market. CRESCENT OFFICE, No. 70 Camp street, } Thursday Evening, Dec. 27, 1855. The weather was cloudy and raw, and in general partook entirely too much of the North Pole, either for comfort in the early part of the day, or for commercial and financial transactions to which inconvenience can be added the non-arrival of the mails due for three days past, particularly as the European letters of the 8th inst, by the Asia, were due to-day. At a late hour it was announced the boat from Mobile had arrived, but it proved to be the boat due yesterday, as we have only dates conforming thereto. On the levee and landings business is unusually lively and brisk. In the general city trade there has not been so much doing to-day. This Lapland weather only favors coal and wood merchants. In the general produce markets there is no change, other than a stiffening and advance in freights. The stock of cotton now is only ten thousand bales less than in the season of greatness-1852 and 1853; and there are eighty sail of vessels more in port than at that time, and twenty sail less than at this time last year. We are, however, only short in cotton forty thousand bales from 1852. True, there are larger quantities of flour and grain to go forward, and with the large and burdensome vessels expected we do not perceive any real grounds for an increase in freights. The receipts in cotton will fall off materially for the next twenty days from all shipping places on the Mississippi ; after that there may be some slight increase, but the heaviest and largest weekly receipts have come to market. There was no change in the general feature of Money matters to-day. other than a downward tendency in Exchange. Good commercial paper, having ten and twelve months to run, was placed at 9 per cent. Lenders are firm in their demands, with some preferring to let their money remain idle than to accept of rates below 9. In good second grade, operations were made at 10 and 12 per cent. The Banks are very cautious about extending their long loans, yet they discount all good paper within T ninety days, and we learn that out of $90,000 offered one day this week in one of the Banks there was none having longer than fifty days to run. This, we should infer, was Id preparing for the great day-the 4th of January. In compliance with the recommendation of the Gover- EP nor, through his proclamation, the Louisiana State Bank gives notice that it will be closed on Thursday, the 3d of January, the day designated as a day of Thanksgiving, and 00 that all payments maturing on that day must be taken HE up the day preceding. The other Banks are in doubt, HE III acting under the impression that the law does not recognize Thanksgiving as a day of suspension of business, AL though it does Good Friday. By law in Northern States it is duly recognized, and in those States where the law has not sanctioned suspension of business, custom has had the same effect as regular statute. Our Banks will, one and all, we presume, determine during the week. There was but little doing in Exchange to-day. Advicestear from New York, of a decline in Sterling to 1081/4 and 108½ Ship had their influence, and caused a general cessation in opship Bark erations. No doubt the decline in New York was in parBrig occasioned by the stampede last Thursday in the marketschr Schr as the great extent of Exchange dealings in our city it making an influence on all markets. There was nothing done in bills of lading and we omit quetations. For cleastea bills there was no offer above 7½ for good names, in fac Ship some first clear bills have been offered at 7½ withou finding buyers, and for this evening we must omit genera Bmn Span quotations. Francs rule from 5.32½ to 5.25, and inac Ship tive. In New York funds there was but few operations Banks were selling to their customers at the rate of th Brit week, say 3/8 dis., and ½ for large sums ; some drawer Ship outside willingly selling at 5/8 and 3/4 per ct. dis., and goo Span bankers' drafts could be had to any reasonable amount Spar these rates. For sixty day bills there were sales of bank Brig ers' drafts at 2½ discount, though some declined to BE under 1% and 1½-but this is an extreme in the pr Spar sent situation of the market. There were large offering Spar of produce bills at 60 days, and the general rate rule Schr from 2½ to 2% per et. dis., and we heard of one sale Schr Schr 2½ per et. A day or two will determine whether 60 de Schr must still further decline or remain statu quo. Schr Schr There was but little done in Stocks to-day. Some Ba: of New Orleans has passed at about 981/2-100 sharesi yesterday and 100 to-day. The transfer book of the Cal Bank is closed till after the payment of dividend on a prox. General Statement of the New Orleans Canal and Banig on the 24th December, 1855.
