New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1855-09-03

Total Coinage for seven months.
The actual receipts of specie for the year from all Sources
exclusive of Mint are. S4l249o5
Add California gold dust received at the Mint 4s35l
Total receipts for the year ending Aug 2ss
There was transfer of $50O,o00 from the Assistant
Treasurer st. Louis to the Assistant Treasurer Mint
here which IL not included in the above because 1t was
ordered here for special purpose, and only took the
place much foreign silver that Is included in our
account.
Silver, with all descriptions Of gold coin, meet with
ready sale among our dealers The price is well main
tanned in Europe Nearly twelve months ago Mexican
dollars sold in this market as high as "a to per
CENT the ruling price now is 81 to A. and In one In
stance ffsetion over The demand for China has been
gradually declining for several months which has caused
reaction on our market and though the imports now
comparatively light with former years, nevertheless
is believed about one million Of dollars will find their way
to this market during the coming year As the Branch
Mint not authorized to purchase, the composition will
be open to private Dealers who have iateIy been pur
chasing only for the New York market OF course it is
not to bs expected that large sums as have at many
periods Of time been forwarded here for English account
will hereafter seek this market for investment under the
Elusive arrangements of the Treasury Department, gov
erned it u.s. by the absurd statute OF Congress Of
March, 1853
NN'S ee0' o'eAiss
objects. Prices have ranged high-Bank Of Louisiana
having reached $50 to 1911 State Bank 1875 Canal 1876
and Czsns' advanced from lilo in September last to
l25k in July the highest price attained The stocks Of
the free banks have all ranged very low-rom cent
to 10 per cent below par Much of the stock of these
banks particularly the Bank of New Orleans and Union
Bank hss been in the hands Of weak PARTIES those who
did not understand the science Of banking. The pro
visions of the general banking law prohibiting any loans
being made on pledge OF the stock OF any bank working
under its forced many holders of small amounts
to SELL and the panic In the Bank OF New Orleans II
December last tended to create pnfavorable impressions
strongly adverse to the system These impressions hav
since been removed and the provisions Of the law seem
be generally approved and the institutions organized
under it are moving and working along prospsrousiy
The Southern Bank stock appears only occasionally
the market very large proportion is held for perms
nent investment Its exchange operations are very
tnsive being more devoted to that important branch
commerce than the discountiug Of paper Tbs Mechsn
les and Traders, Bank having been organized by th
proprstors Of the old bank of that NAME is generally bel
by strong PARTIES aud along quietly in conserve
tire course The Union embraces in all its operations th
general requirements Of extensive mercantile commu
nifty and large share of its stock is in strong hand
The old banks have but very limited amounts loaned
stocks and being conducted on the strong foundation
spscs nothing need be said Of shsir upqussonsbls an
usdOuhaed strength and s0lidi.y,