New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1855-08-20
Nsp Orleans sRNsnsp daIarkst.

CRESCENT ofricE, No. 70 Camp street, M
Saturday Evening, Aug. IL, 1853 J
Slight showers OF rain day nterfered with business
Although the duest period of the year has arrived thsre
were many goods to be shipped it being the day Of gen.
eral exodus Of steamboats,. Several orders from the
country for merchandise have been received and filled
this week. and the Leyee this evening presented ind
cation that the grass was growing there, did our
prominent streets to-day the ehst appearance Of
confirming such reports
The money market closes under great Offerings
in bank to-day very light compared to thu
of receipts and the ability to loan On the street there
were calls Of note for money though both borrowers
and lenders The Banks generally close the
week remarkably flush; nevertheless there ID DISPOSE
ton on the part Of managers to expand rather the
quorum of the respective Boards nd Of the Banks
convene more than the number for that purpose)
nave but little disposition to responsibilities In
the way of extending discounts though occasionsy
meet with director bold and fearless than his
adutors ready and prepared to throw his influence and
weight in favor Of applications when made for legitimate
purposes. Meneyed institutions require manager of
in their Board Of mandators. Some Of our banks
at this moment have such in their councils Death
has recently removed from among Of the boldss
coolest most sful and eminent nanciers Of this gener
aion whose commanding and controlling talents have mot
since the time he assumed the duties OF President Of the
City Bank in the year 1884, been without their effect
the financial and commercial public, and the agri-
cultural welfare and prosperity Of our State.
Exchange to day on New York was under good de-
mand for the season Of the yee-. Bank checks were
firm at 4 per cent. premium. Five days Sight Drafts
were sold at par and ten days Sight at per cent dis
count. The most extensive operation for the week was
sale Of 100000 in Bank Checks at slight variation
from the current rate .5=
In Foreign Exchange We did not learn Of any opera
ton, only small for immigrant remittances at
Ave dollars the pound sterling which Is the customary
rates at all times.
Stocks continue dull though holders have DISPOSE
on to sell unless advance. We note the Of SO
shares Louisiana State Bank at I21 sx div
We have nothing Of interest from Northern cities
day. The steamship Washington, for Bremen and
Havre from New York, LAST Saturday, carried out
$429 in specie The total exports for the week
$s73663 Foreign Exchange was dull In New York at
last quotations,
From Boston, we have the following Of the 18th
The demand for money has increased but the supply
Is abundant and the rates remain the First class
paper on the street ranges from OK to per cent In
Exchange London very little has been for some
days Leading 90 day Bills are held 10 per cent
prem On Paris the rates are 10 to 1T 12h
We have heard many complaints Of the depression in
the finance of city 1t is consoling to reflect that
other cities Of fame and reputed credit ere in no better
condition. -
The Philadelphia City Treasury has not at present suf
hcient funds to pay the cash demands meet
expenses. The Common Council of that city, at their
session the 10th inst passed resolution providing
that the City Treasurer be authorized to endorse the
warrants presented him for payment when money Is
not In the Treasury to the same that said war.
rants shall bear interest at the rate Of sx per cent
that date This will afford those who are suffer.
ing from uonpsymsnt Of their claims some RELISH 1t will
render the evidences OF debt they hold more readily ne
gotiabe, and reduce the heavy premiums they ware