New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-07-03
THE COMMERCIAL DEPARTMENT.
$gltlp Orltarls a1loafg JttarAft.
CRESCENT OFFICE, No. 70 Camp street,
Wednesday Evening, July 2,glS56.

cREsGEE1 oEgtsE s No e s Ga%p
There variation in the general tone Of the Money
market to-day Notwithstanding the due period of the year
is approaching there is Of those dull and
tive times which have in years before marked the
trade and business at this Of the year, Although
sands thousands Of temporary residents and citizens
parted streets show considerable hustle and life.
cal circles the attractive feature the dividends making
by Banks The Directors the Bank Of New Orleans made
semalnua dividend of five cent out Of the earnings Of
the last six MONTHS payable Monday the 7t instant.
The Directors Of the Merchants and Traders Bank also
regular dividend to-day Of FIVE per
In the paper market did learn Of to-day
Good to fair be placed at 10 and Al
per Short dated at y per cent.
1t is really gratifying thar public institutions
dtion to aid the general improvement system of State
which Is confirmed by loans being made to-day by
Mutual Insurance Company to railroads. Opelonsas
and Jackson. OF course, both able give
best Of security This movement we'll though It is
the first loan Of similar character but it is highly satisfactory
that the confidence in securities of public corporations
impaired, and moreover that local institutions able
push on the column
The Exchange market quiet to day. Bankers are hold
ing sixty days sight New York u per discount
and indifferent about drawing at the inside figure there
being prospect for the present Of using money advantage
Good to fair commercial bills rule from III to ~ per dis
Sight was firm at the Banks selling checks at that rate and
very small offering outside Sterling for remittance
held at 81 to 10 For Investment there sales
93a Nothing doing bills of ading. Francs quiet without
change in rttes-say 51S2z to 513M with fraction
| for some favored tirst-class direct on Paris.
The annual Of the Southern Bank Is before US
and from which have condensed the table below. It is
markabc good exhibit particularly when is considered that
the free banking system experiment the organization
of this Ba 1t will be observed there is Of 1900
its capital, with credit profit and loss
Of sS2,160 making total surplus Of Sl5.Go The dividend
declared The Goth ul is the fourth regular half yearly
From the movements Of this Bank il is NANTES, that large
deposit line Of that essential importance the Banks in
city that is in other places. The deposits of Banks
uctuae much from day day and from week week that
there doubt expressed ct times about expanding loans
hen and although the deposit line Of the Southern Bank has
often been subject of remark circles there is nothing
confirm tile idea successful business large lepo-
sits necessary There is further proof Of this i'll the
| rnents Of one Of the old Banks in this city.
sEXIASsUAL STATEMENT SOUTHERN pASK, june, 80,
LIABILITIES.
Capital Stock $50 900 90
Reserve Fund 5000 10
Profit and Loss ...... S27GD s.
Due TO Distant Banks and Bankers l9,55 81
Individual DepUsors 1sS,7t3 Is
Circulation 212O55 "
ss1s,l 1875 o.
| $50 City Of New Orleans &c per c,) Consolidated
| Bonds, $1,000 each, in the hands Of the State
Bank S250ooo ot
Banking House. ............... 5lU6 5.
at per cent slt00 each 2e10eo o.
70 Louisiana Bonds, S0D each 23uel On
Suspense Account. ............ p 220 U
Protest Account 20 l.
Bill receivable and discounted. 147G7i
domestic and Foreign Exchange. 1S03I6 .
Cash IN hand 22 Sl6 G.
sl,Sl6l25 0