New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1855-08-09
Nem Orleans hlonep tlarket.



CRrscENr orrroE No 10 Camp street.
Wednesday Evening" August lShs
There was no material change today In tine genera
feature of the Money Market The Banks whose days
discount fall Wednesday, had rather more than their
receipts the amount in two being $22o0oo: something
over hree-fourths discounted This shows an easy
state of affairs at this moment On the street the offer
ings are only moderate being paper mostly maturing
beyond the time prescribed by thu Banks AT this season
of the year the dead weight of the Banks Is seldom
HANGED Good commercial paper rules at oper cent.
with an occasional negotiation above and below second
class ~ Is Nearly all the cotton factors acceptances
of standing made last spring. safely slowed away
in the Porteeues Of the Banks or outside capitalists
Oocasi onaly resale may transpire through opera
tor who may have prospect for different Investment
The Branch Mint Of this city In again in operation.
for the purchase of nver have been received
and it may be time before they may be expected
there is fair amount Of bullion on hand 60 be coned
The following exhibits o very good haianss, viz:
New Silver cenass on hand %
Silver Bullion on hand. lssssse
ss,ssssUo
The Director Of the Mint in his instructions the 2Bd
July authorizes one dollar and twenty-five and half
cents to be paid per for silver Of standard nenes
which, according to the mode adopted at the Mint
phadephia brings the value of Mexican dollars to 1861
this sum is figured out is more than divine,
as at price 22 they only yield at the Mint in this
city 105s< to 1853 Spanish pillar dollars which
said only to net los are BY the dealers at 08
to ITO. @
To show the workings of the law relating to silver being
legal tender only the amount of five dollars Is only
to the fact that the law fully out
At the Custom in this city, silver Of the coinage
npder the act only being received to the amount Of five
dollars all Government duties larger ten
of they refused and required
ph; Ia upfar tn diafin
r,ipe to receive a issues It is hoped the absurd
ttuts which causes this distinction will be repealed at
the next session OF Congress-
The Exchange Market for domestic funds has an un
yard tendency Large amounts could not be had to-
at mar from the Banks. The most Of them were only
selling to their regular customers at this rate Time Bills
of good make would nd discount-other classes
from IL to per cent discount nothing doing foreign
and rates we deem almost nominal On Western cities
tbara ;s no cbapes other thaifa stienipg aspect no
nss with rates on Atlantic cities: Heavy sums on At
ouis or to the of two hundred thousand dollars
can be obtained at the Branch Mint the treasurer of thai
institution having drafts the o. g. Treasurer st
Louis in gums of $685. OO $4,000 and $4,000 for sale
This will obviae the expense OF transporting coin thos
DESTROYS of remittpg to the West drafts on st. Lou
bsiug available for great section of country
Some individual strongly impressed with eonfiaepc.
and undoubtedly believing himself skifu and sasae;en,
in inancierng has been attempting within the mast e
DAYS to relieve of our banking institutions of tbe
surplus About fifty checks the greater part drawn or
the Canal Bank presented at the counter
and of course the gentleman" had omitted parc,,la
rpouiee of all banking institutions, that balance
to one's credit had omitted attend to Tho
portant item of trade. 1t appears the individual, IN
Question who goes yseveral names, has been amon
dealers and merchants making purchases and giving hi
checks for amount exceeding his bills and reouiring
the balance oyerpus in ooin some pretext which
he invariably obtained from unsuspecting dealers Tbt
Is old game in other cities, and community will dc
well to be Its guard. Another financial operation in
the way of exchange carried through with more sue
cess by young Camp street, by which an emf
nent house GraEier street suffers
We have dates to-day from New York to the I'd inst
There was sale of $1,000 Louisiana Sizes the 1st at
the Stock Exchange at 1854. 1Mm
The amount Of money deposit and subject to draft
tor account the Government st the several deposta
ries on the last Monday in July. was as follows: