New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1855-09-03
.oan. d producs Bills; bank checks " per cent

premium. sf --s
The condition Of the banks or the sa VI sni'
month was-
seog ana shos ssIo
pa.i,s. Distant ssasss
Ii will be Observed there increase in the ne g
deposits for the month Of 276 decrease in DIS
counts of 1896 522 the of specie was
The severity Of the In Northern critics. ana tne
great panic and suspension Of banks and bankers I'm
cinnati which occurred this month"; with many alures
among the free banks, were evidently reaosps w wv Wy
and influencing the managers Of banks So the month
closed under Tightening money Market with more snan
ordinary sensations existing regarding the low stage ana
unnavigable condition OF all wafer COURSES.
BanA failures during TINS month soo1 place ~ oinch
aati Glesyeland Go'ambus (ohio0 ehiosgo, ftssoufs
(Pa) Buffalo, a. y with many banks IN Indiana.
The month of December commenced with the most
mild description of weather, sike favorable to bus
and the general social comfort OF our eitizens
Strepg hopes were entertained, from the mdness pre-
vailing, that renewal Of direct and speedy eommu
uication with the West would take place before the
close of the month. These feelings strengthened the
confidence in money circles Towards the middle OF the
month changes transpired which banished all expecta
tons Of rise in the rivers and the money market being
pressed rates Of nteret advanced with more dicues
arising in the negotiation Of paper 50 that good paper
ruled from 10 to IL per cent second grade 10 10 10
with great discrimination on the part o. lenosrs aa
buyers. Seven suspensions OF comrcai nfis pccfreo
during this month"; one OF which w's tne most
in the Southwest. -
The increased operations in cotton caused large acca
mutation of exchange during the month"; so tnas fs ae
cined largeythe close Of the month finding rse eass
sterling bills to TX and bills with shipping documents
81 to oI per cent premium Wv Iva w 90 -
bankers drafts IN TO IA per cent oscouns a
grades az az per cent discount while sight funds on
the same point including bank checks ruleoff "a 70
and x per cent. premium
The condition Of the banks on the 1855 SATURDAY q e
month, say S0th December, Was
Specie ss RI IL ana S4iss
Dsposits. II ssT4s paa' INKS
The demands on the banks during this month for dis
counts heavy amount being increased fo
I've weeks 81 l5Seso Ihs nrss anu loureh q "a'
at hand, and all having onngatohb maturing on sna s
preparing for two and tnree weeks Previous mnea
caused more tnsn ORDINARY oeniauus ~ ulo..y 80
ths middle to the END OF sne
took place IN Nsw lorA s'erps ensnas
ket declined 10 70 on Per cehs' ApO Vi epeoi' "
Europe were Temporarily sasp'Anu1 ~ 800
to hs freely ana extensively sppes: Aau .ne
financial condition q ING country Was inp.o'ips'
The month Of January - ~. ,.;,haa,
lions for tne efehtiui iouisl'' " f -, - =
great mconVen'snoe " ssg
cordng to aarmlsts anu " 'eNe
merchants Although immense quah1sies q y. PFC
duce, which had been long uue IN Ae' "eie SUI
tarded by low Water from g1vins tee' y "
the month passed on WIN oniy oie su'P' "a -fN -
lance. The passing evsnss =. tao y
selvency and prompntuee u ous
the close q lne thoasn ~ 80 phrr f
aration which eonthuea wa $500 - - ,.~s -. =
which affairs seneraly setlieu VIVA " ee-'''N''
customed regniar''y' ~ .v,4,, - ~
Good paper Was hesos'sseu -, - s,s4.s.a