New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-10-02
THE COMMERCIAL DEPARTMENT.
WeW Orleans AlolrGu Jtlarkft.
cEEscEsz oprIcE, NJ. 70 Camp street.

Wednesday Evening, Oct. l. 1866. |
There change in the general features Of The money
market Negotiations Of AL paper maturing in January we're
made at the low figure Of cent annu with condara
BILE of March and February paper being placed at ct
The competition among lenders buyers ncreangmouey
is accommodating deposit in the Banks Factors the cot
ton trade generally have but few obligations falling before
the lr" of December In the time cotton is coming to
market with freedom selling high prices causing
large sums of money to he seeking employment EN
The offerings in Bank to-day light being largely below
Inc ability to discount In order keep moving as
some of the Banks discount all hours of the day, psr
cnlAFy when It is of highly satisfactory paper This is
great convenience and accommodation the commercial
nnily in the business Of the year. and when years
ousneSs has to be performed in eight and This il
vastly different when in times by Bank Director would
leave the bank paror and directly perhaps Indirectly,
merchants store and intimate to linn that he could the
money for such and such paper the of "a per
per month"; belng the paper which had
in Bank where the individual rendering proposals the
ho"'r Of holding seat 1t is not forgotten that banking
ston which located the sou
enve and Royal streets had babers pole by
taceous wass the door between days denong
principles governed its mandaors. r,'a
Tie rmness Of the Exchange market which we
marked yesterday not maintained to-day There
creased offerings of sterling bills Of good to-day
several operations made at g. Some strictly favored
ers however, held at 96a9d but it is difficult Q.
Sales were also made from s@SS Francs taken by two
parties 20 the extent of 2oOO 52 For remittance there
sales $40 Paris direct Sixty days sight on New
York sold 13lG2 per discount The Banks Dur
chasing At these figures disposed take largely
cline being looked for daily change in sight
the Banks generally selling at 4 outside
fucuating according opportunities Offering for purchasing
produce We quote this evening:
Sixty days sight London fair good Al and 91S
on nn Pa ,is aisee ssafce Peek sa ~
Sixty days On NewYoFt bankers ii, i ES9
=. commercial bills .......l5 s0l2 dis
Sight on S on hS yafK Dis
lam taGl "a
There sales to-day Of 90 Union stock 90 and
so at 09, and 100 shares Bank New -. sGo has
been refused for Citizens Bank. not learn
OF any sales The New Orleans Insurance Company
dividend payable demand of twenty-five per cent on TWO
hundred and fifty dollars share of its earnings
last six months This makes fifty cent. paid
stockholders for the last twelve months The capital being
0 This is another evidence soudes and pros
perity Of commercial and financial interpretations.
We had nothing of note from New York to-day The
snip Aaba from Boston oil Wednesday last for Liverpool
red out $4,000 in specie Sterling Exchange quoted in New
YORK at Ga01G for Bankers bills. Canada bills lO9
6olo92a; produce bills lO9gl095s. Francs 10
'l7 Money l5ag9 per cent for sixty days eight months
best endorsed bills; lul2 per class gene
| rally ahou, fifty higher than in this market,
Late Paris give official Of the operations
of the Savings Banks of France the year
realize the belief that the Savings Banks Of
hundred and siXtyhree in nlnher and that the
posors largely in almost six depos
tors in the Savings Banks Of NewOrcans According
cultion made find that in this city the epotors only
one person in two hundred and seventy three inhabitants
This is very small proportion and does speak tavorab of
the and thrift Of those of population
considered the bone and snew OF ali lnrge communities.
We also observe little prudence followed limited
frugay pracced and moderate show of earnings hus-
banded by the clerks of this CITY, particularly have
only their salaries to depend for livelihood
purpose give homly hut the Savings Banks ought TO
ceive encouragement. The Orleans Saving Instu
ton on Camp street. particularly, ought deposit
hls time onehaf OF million OF dollars whereas its deposits