New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-04-04
THE COMMERCIAL DEPARTMENT..
WfW Orlfalys Nlprtv NlarAet.
CRESCENT OFFICE, No. 10 Camp street, I
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The Money market unusually quiet to-day Paper OF long
date with freedom which marked the course Of
events In former seasons The prices Tor the
staple products State placing many Of the producers
condition to do without the usual advances this is more
than apparen from the Iessenng Of paper which Is TO be
found in the hands Of Brokers' 1t was supposed
early in the that the interest would from the def
cheney Of the last be placed adependent position
The very high prices for sugar and moasses have
areeay disappointed those engaged in that branch Of acorage,
essentially aided to enhance the general credit of those
nected with the sugar trade and cultivation.
Cotton continues to arrive In large quantities for the
The teegraphic advces by the Atlantic not favorable
anticipated ifthey have already had all the effect they
will in another day. The facilities for shipping the general
for negotiating exchange the abundance Of money all tend
to create mness and seadness which would not otherwise
prevail In the face of the large receipts Moreover factors
all relieved of their responsibilities which places them
very Independent attitude regard financial affairs they
hold on to their stocks without any Inconvenience.
The qieness in the Money market to-day conrmatoy
the aboye the transactions so limited scarcely to
rant notice, though negotiations in treaty Wehave
only to say that any wanting aGd have anything
preaching medium securities can be accommodated.
Exchange had dull and angud appearance and the rates Of
yesterday were barely maintained Sterling heavy
stoned by depressing from New York. which quote
decline though the offerings to-day light There
larger offerings of time bills New York. the market had
downward tendency. The banks generally hold heavy
balances We quote:
s'y $ 9sys s snSs1 s s3sS '
sxsy dsys New New 4 YORK; pes gill
Thirty days sight New York produce bills % Il Ct dis
ree to ten days sght on n T. produce bills @ ct Dis
Checks and bankers bills on New Ia 3 Ct Dis
On Western Cities Exchange be obtained fair from
the dealers Camp street.
The sales of Stocks to-day comprise 1T shares Citizens Bank
at S52 and few shares at 53 also few shares of Canal
Bank l2s The large quantity of Stock of this bank belong
ing the estate Of Ferguson Scotland has been Withdrawn
from market.
Cen Parey will hold ofhis regular sales ofstocks at the
Arcade Saturday. the 9Th nst when there will be offered
Bank and Railroad Stocks and City Consolidated Bonds.
We notice the firm Of r. II. Thorn & Co.. in the ex-
change business This is Mr. Richard H. Thorn for the last
quarter Of century or resident of New Orleans and
successfully engaged in commercial pursuits Being the
of considerable real estate within its limits the business of the
house surely be identified with the general welfare Of
city in all its great and varied interests. We welcome with
pleasure all exchange and banking houses particularly the
present firm, to city The capital employed in this
business the greater advantages and facilities the great
of the city will The firm in New is VIM
B. Scott & Co.
There has been decided lately in of high courts Of
Michigan suit regarding the tender of the silver coinage
the act of Congress of 1855 1t appears by this decision that
holder of the notes Of Bank any amount if in of
dollars compelled to take the silver if rendered for each
every note for instance if hundred dollars five don
notes presented to the counter of bank each b.
called separate Indebtedness of the bank Detroit paper
says:
Among the cases determined by the Supreme Court
at the term just Closed presenting the question whether
under the law of Congress making the coin lea
tender for all Of five dollars under banks e
circulating notes. of denominations of s. under pre-
scented in larger quantities than five dollars in such Th
decision Of the Court was in the affirmative
1t has hitherto been drug large sums but under this
con banks will need to keep other coin for the redemption
of their notes.
The real point in issue bank when quantity
small presented its for redemption rea
each and distinct evidence Of Indebtedness
the whole lie regarded evidence of aggregate Indebtedness
The magnitude of the operations Of the Suffolk Bank Boston
will be from the following table. The table is from
twenty retrospect OF the stock markell pubisle
| in the Bankers Magazine for March: