New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-04-02
THE COMMERCIAL DEPARTMENT.
MtM 0EleAns Mlonfg NEarkst.
cnsscEnr orsrcr, No. 70 Camp street,

'oL Taesday Evening April /, 1865
Money continues to accumulate with the Banks The general
dpoe line to-day considerably in excess Of the amount on
Saturday last fact these flush times and the country
continues to adate its Indebtedness which Is adding to the
financial strength Of the community large Bank Stocks
the favored objects 1t would be good policy to
organize Banks under the general banking law
OF the State retain at least two millions dollars Of the money
now idle in our city, The increase in business the
pecaon increase in banking facilities may be Of great
advantage the community the money here and If by
investing part Of in State and City Bonds the basis
banking these bonds be retained In the State the interest
paid which would be far preferable than the bonds be
held of the State and money sent semannnaly distant
parts to pay interest
The sales Of Stocks to-day 100 shares Mechanics and
Traders Banks in two parcels Os the highest rate yet
tanned for of the stock Of the Free Banks 20 shares Bank
Of New Orleans at 0S State Bank held l43 145
and o8 refused for Mechanics This strengthens our sugges-
tons that additional banking capital prove productive.
Inc deposit line OF the Banks appears to be the increase
we learn the Citizens Bank this morning was above 81 oo
If the unemployed money here be renined it will
prove highly advantageous to the next business
We heard Of no important movements in the Paper market
to-day All kinds of continued to be placed with the
greatest facility. small of Al was taken a. per
cent; ditto good to fair at 81 to 81, and limited sum at TO-
In Mortgage Securities have transactions The sales of
real estate for the past eighteen months have been limited
that very little mortgage paper is on the market.
There was good business doing in Domestic Exchange
quarters, in Others less than yesterday. The Banks continue
5sc for round sums Outside the rates ranged from II to IL
Short Sight Is to IL dis Is Days Sight per cent? 80 Days
Sight II to Ia dis 60 Days Sight, rs to IL, and 24
cent discount Sales Baltimore and Philadelphia direct
~ discount In Foreign Bills there some transactions
The amount OF zoo bales cotton, in Sterling being taken
Ia, with small amount IL, and another N, the
range being from * to TX and ~ Of Clear Bills there
but few drawers and they pretty stiff 81 s Bank
Drafts are held at u to Il higher.
For Francs without change the range of the market being
10
Paris
COMPARATIVE RATES FOR TWO YEARS PAST.
g EEs9sas" s s Jill s'' s@ cent: pre-"
ss"So'f Jss % iays i$5 Cent it,
N Other Drafts xxx dis 'ses1' PREM
1t will be perceived there variation between the
spective rates The Banks last year held only at this
si,l532ls; To-day they hold 100000.
There was sale Of l50 shares ST. Charles Hotel stock SIS.
This stock with others has received Impetus and favor
In pursuance Of authority from the Secretary Treasury
the Director Of the Mint Philadelphia gives notice pur.
chaes OF Silver for coinage will be made the following
1t will be observed that the established for the Branch
Mint for this city onehalf per cent than Phade
pha and the seller will be paid the option the Department
in drafts on Boston and New York in silver coin.
There is variation from the regulations Of last year
these instructions We give them entire that sellers
| govern themselves accordingly:
hs w 6 Gr M will be ysed mes
from ID roy The nndreh part he ounce;
will be paid for las at presently the rate dollar twenty
and half cents per standard The receipt given at TIT
first weighing must be by the seller order
or the I eog vi ' " following thu
For the information of the public may stated that
cordng to the above Of purchase the yield Of variou
classes Of coin or bullion will be about as follows:
MeSean and South American Dollars Genus. eAen 49,
Old Spanish Dollars los
Revolutionary hammered dollars, toften mistaken
for the true Spanish Dollar.
Half dollars Of the United States, coined before 1887 521
Same since 1851 TO the last change Of standard in 13 5
Qnarterolars propoonay less productive Of premium
while dimes and dimes coined before 1881
by wear, on an average than the premium would make mp
those coined since 1887 1859 will average premium Of 81
per their nominal value.
German Swedish Dan Norwegian crowns cts each ia
Old French observation-disclosures. ia
German Forins ..:......................... AZ
Prrssan and HanOverian Thales. ~
American plate best manufacture l1 per
Genuine British plate, l25 cents per ounce.
Purchases will be made the Branch Mint
leans eaf lower than the prices
Mt the option of the Department. in drafts Boston
| York.
AT San Francisco the purchases may be paid for gold
at the option OF the Superintendent ereat until sucier
supply OF silver bullion received 70 the public
| Tor silver coin at that institution.