New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-03-24
THE COMMERCIAL DEPARTMENT.
Wtm 0rleans aEonsy Nlarktt.
CRESCENT OFFICE, No 70 Camp street

Saturday Evening, March 70, 1856. }
In general produce movements the sales of the week
closing have been large we have had the pleasure be-
fore of nocng they foot up the of three millions Of
dollars which will do pretty well to make the gross amount
of value of produce receipts for the towards hundred
and sixty millions Of dollars. The early part Of the week
marked for general dncnaton the Of dealers in
to extend purchases uncsH Decline many preferred
waiting advices from Europe which very Unexpectedly
hand Thursday, being Liverpool dates Of the 9Th
instant advance Of the dates of the 5h by the Quaker City,
since arrived at rstt undecided buyers whether togo
ahead conne their operations reduced scale appar
emily second thought they entered the MARKET and yestcr
day business large and to-day there have been also heavy
transactions cotton reported sold than for many days and
from the quantity being very large believed many resales
have been made at profit.
In the dry goods, groceries, hardware clothing and all kin
bred trades sales have been large fair profits and lucrative
business is following the Of the spring trade
In the transactions in the money market the banks have
discounted nearly two millions Of dollars. Outside the negoe
tons in paper approximate about sOOO Of which about $780,
900 placed today chiefly by parties factors paper
at per good 81 and fair from to 10 from this it will
be observed that has undergone change for the week.
and the supply of capital free with very moderate
decline in the line of deposits with the Banks The weekly
statement Of the Banks made TO this morning
the following variation:
Increase in Specie Of A ~
Increase i'll Circulation Of 4l0i91
Increase in Exchange Of 1a 9S
Decrease in Deposits of l5s07
Increase in Short Loans of 267, 1872
distant balances. NG,657
1t will observed that the Canal Bank. the Bank Of oui-
ana and Citizens Bank have extended their long loans
dead weight 44493 The great advantage the old charters
the Banking Law made manifest from the
inability of the free banks 10 extend their long loans and com
pete for of the good long which he secured The
Southern Bank is the only free bank which do go al this
time business is exclusively Of exchange, and
which fully profitable, long must continue or the
greater Of pass through brokers' hands In addition
this the authorities Of the State reducing the estimated value
Of the bonds deposited by the banks security for their ccula
on and requiring additional deposits return OF notes &c
correspond between the market and value Of the bonds
The exchange market opened this morning active for Northern
funds The banks sold largely during the day at Il cent
discount Outside the rnled from x TO though two
parcels of fifty Thousand dollars each sold At Il discount
other from $4,000 to 00O from q to fraction
Ten days sight sold to IL, ard amount at "a
thirty days. sight ~ to ~ sixty days sight TX to Ia and
per Bankers 60 days bills at III we learn one house put
ting up but heard Of sales at that figure The make
closes Arm Foreign bls both London and Paris dull
decline Of Il to Il the result Of some sales of ster
ling bills 81 the highest figure going for the top
The market made at Sd and 81. Three thousand
tales Of Bills Ladng drafts taken 10 TX, with
byer talking about market closing with heav.
feeling in heard of only moderate sales being 70
remittance only, at and 5227 The range of the marke
we place at 5.2I}s to 5.2l14
It has very heavy days transaction with all the banks
At the Canal Bank particularly the deposits
million Of dolla-wth two other banks exceeding hi
sum and reaching with large operations at tn
most prominent private banking houses particularly jaime
Robb Co., and Merel G. Co., the cash of the da
| reach the sum Of fifteen millions Of dollars
Condition Of the Banks Of this eyJor The eck ending Saturday
| Uor/h3