New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-07-31
THE COMMERCIAL, DE PA X I.
Fir 0rIeAlls MLoneg NEatAst.
GnrsrEsirs nErIf.r. M. 70 Cnr1, Street

W ednssdaY Evening, Jny 80. 5
The streets partially day; from any nd
position the part Of citizens to business from the
the business of II down to about Tile
point the general results of the years. operations
ing satisfactorily that there Is no inclination eYnc
community extend operations at this moment there
opportunities nevertheless those Of bank and
bankers present prepared willing and ready for
Legitimate operations. $38i53 T8
The letters by the Persia from Liverpool received
day Some failures alluded 10, particularly broker In
Liverpool who sold largely for three days to
suspension obtaining control Of the property ii the mean time
This with exaggerated believe them to be
such brought by the Arabia via Hafax has caused many
marks in commercial circles W hat effect will these failures
have here We believe they will influence matters to the
extent Of dime in city and have only to remark to
md and hesang no causes whatever TO regard Inc
general Of the private advices being
The general Money market to-day exceedingly quiet
The calls offerings Bank exceedingly light and this
position Of affairs has marked Influence on the Exchange
ke particularly Northern funds which now held by the
Banks and good private drawers premium for checks on
New York Boston and Philadelphia perceyable that
erestobe little cotton market before the LIST and
the stock hand hchs reduced to than ten thousand
bales will very small basis for Exchange and OF course
the Exchange generally has upward tendency Not
hstandng foreign bill market particularly for Sterling
has been from day day. for the last twelve days, dropping
yet there settlements day 10 premium for sixty
days sight London Some al bills however, offered to
dealers place the range from ~ 10 1Q though
there may bills had fraction less. In bills of lading
drafts there have been transactions Francs are but 1T
inquired o heavy Some sales have been made at H.
aud place from that to $40 and 514. Our ad
York the evening Of the 23d inst say that
Sterling easy 1879 to no. and eight at 1l0M The
Africa for Liverpool the 23 carried out
in speciea pretty stiff amount for the of the year
There is consolation when it is worth this side
will find its way back again. though be regarded as
ceedingly dubious. ss
We alluded days since TO the return Of Of money
to the Canal Bank being part of received FROM
overpaid by the Bank in its muarous business Yesterday
the further Of five hundred and fifty dollars received
through the source making eight hundred dollars, with
e that be placed the credit Of profit and loss
gratifying nl intese degeneated times redeemng
qualities This restitution Of eight hundred dollars cannot be
regarded in any other light of honest integrity and
uprightness. The principle which the party GER
tahy is of the highest order that governs human nature
and although the interest has not been remed according
bank yet the action in the premises tends to the
idea that public institutions objects be dcfauded
and TO be made the shuttle cock of fortune and chance
The Stock market continues rather Inactive The only sales
to-day parcels in al9O Bank Of New Or
leans l01 The dividend of the Banks will be that Of
Citizens Bank which will be made week. Of five per
cent After that the Agsmemnon with its regular semi
annual dividend of five per which will close the dividend
not open till led by the Canal Bank in December
next
The condition of financial affairs very
tory French funds becoming depressed day We
give below the last monthly Of the France
brought into federal currency
Coin and bullion .S4937a 900 Decrease. S62 900
Bills discounted "a, 2l5Q0 Increase II 60 900
Notes In circulation .l26 900 Increase A,03D
Treasury deposits S,535QD0 Decrease. 1850, 600
Private deposits. 4q,330UD Increase $685. 900
Advances French 55i,
Govt Deposits 2250O,0Qo Decrease..... 305,0o0
Advances Railway
Securities. 100000 increase 49,. o65, oo5
The striking feature this the decrease ten
millions of dollars in coin and the increase Of
millions in bills discounted.
Concurreny with decline metallic resources the
hasjn af
The in the discounts interpreted
modation and assists explain the elux of gold from the
bank
The payment dividends fell due on the Three
per Cent Renes 22d u also required
siderable of CON- and for the
Treasury balances and for the increase the private deposits
After making every allowance however the falling off in the
coin and bullion forms very serious feature and leads the
inference that the Bank Of France will contribute draw gold
from England the arrangement Of the market The general
position of the institution is evidently weakened
The Liverpool Times Of July T. says, essential change
has taken place in the Of the money market It continues
in easy position, without any pressure. and there is little
doubt that the for money will tend downwards the pub
lie Dividends the payment Of which "Wednesday
transferred the of the banking and discount
houses The unexceponable bills have exceeded
cent and it may be taken for granted that the
average the of discount transactions Lombard
effected at 4 per cent below the bank minimum With
spect the action of the Bank Of England believed that
reduction will be made from per fortnight
three weeks least until the probable demand
in connection with the % cent nsaent Of the s5
| loan due on the 24tt inst, can DE estimated.