New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1855-11-28
COMMERCIAL MATTERS.
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Tuesday Evening, November VI, 1856 I
The demand for discounts on tho Banks steadily
the increase II has not In the aggregate attained
amount ssond the ability Of the Banks to sccsde. The
healthy increase Of business cannot be expected mhost
. corresponding increase for loans The last weekly
statement Of the Banks exhibits them In position to
render all facilities TO the present reqursmen Of trade
though must not be deemed from their strong position
that they can to any great extent purchase Exchange
At no time during the past eighteen months hiss Ex-
change held by tbsfa been large at this moment
and although the monthly statement made DIP to last
evening show they have two mions and three hundred
thousand dollars above the requirements Of the law yet
many managers conservative In their views to
think that 10 invest largely In Exchange would DO
ioudicious unless they can relieve day
day Of present accommodations One year ago the total
discounts and long loans Of the BANKS SO
against $l92io5S9 Saturday last. During the month
Of December last they increased g04 that
the close Of the year found the community under in
debtedness Of with specie held by the Bsns
to the amount Of ses7o5o8 and deposit line Of
14s showing dscreass in line of deposits for the month
Of S2 1874. OF course comparisons not odious In
the present the intercourse with the West is likely
be continued during the coming month, which not
the last year. and with the present stage Of water in
that important tributary the river good pros
poets for navigation up the 0uachita and nothing from
Red River but what is pregnant Of rise We discern
prospect indicative Of those squalls which good old
conscientious Bank Directors termed fashionable par
lance, old ogesp believe they In every humbug
port which from Europe the telegraph wires
There was good dsmand for Domestic Northern
funds today with some private drawers selling freely at
per ct dis, and to for short sight. First class
Sterling taken at 107 by u the Banks outside
the rates tolersbe firm at to X Bills with
shipping documents not freely offered Our quota-
tions below embrace all operations Francs are without
change The transactions Of the day may be summed up
Is follows sz,5ss5z
SKY viii Bills adns prem
Nv II sss
three days light On New York az cert dis
ss Sir q so .: rod az
Checks on New York bank rate y cent. dis
Private drawers had the call to-day in most Exchange
operations The facts are, simply these when business
presses 1t does often At this season. many buyers
DESTROYS Of anticipating portion Of their bills
eeivabe for Northern funds If they sks proposals
private drawer banker, they receive immediate
answer and nine times cut Of ten satisfactory If
they make the same proposals to Bank they have to
walt the movement Of Bill Committee which meets per-
haps daily and perhaps not Now who desires walt
the movements OF Committee OF Board Of Directors
when they just walk into the many bill drawers'
sanctum (whom we shall deagnsts some other time)
and make their arrangements in five minutes AT this
al dispatch ID required in money matters and
Of the Banks ate too restricted their regulations
to promote immediate operations. this has been illus
trated to-day in witnessing the good demand sight
short sight Exchange New York, which has prevailed
the the hsaviness which has characterized
| operations with the Banks
There is some movement in stocks 1850 shares Canal
| Bank sold to-day at ll2&. The sixty shares Of
New Orleans quoted as aold at e4a should be 951S
Citizens has got to high fgure some holding 140
We published day or two since an extract from the
New York Courier and Enquirer good authority that
the Express Company bad declined pay the $50 600 ost
between Dubuque and New York. We learn to-day that
| the amount has been psid by the Company to the
Government which, of course, shows there is respons
biIty attached to it. 1t delay Of ten days was
the Treasury Department to the Express Com
pany in order to enable them to the loss and te
satisfy themselves that the money actually came into
their possession and further period thirty days wal
this examination of the Government officers depued
by the Treasury, accompanied the agents Of the Com
papy the thirty daysexpired and OF the money
the Company paid the amount.
The condition of the New York city Banks on satur
day the 18th inst the date of the last weekly Statement
shows the following changes from the previous weekl,
statement. An increase Of 1901 in specie and
decrease of S424370 in loans decrease of Ii
circulation and increase Of $4S9o42 in deposits.
81 45. COMPARATIVE RECONCILIATION.