New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-07-01
THE COMMERCIAL sDEpARI'h1E,ill T.
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The week commences quietly in every branch Of trade and
Some small Of Al paper placed attlie
which has been the standard for months passay per
The offerings in Bank to-day heavy for the income There
is only Bank out Of the eight Che Bank of Lonisan het
discounts Monday. + Ia ssfs;
The Board Directors Of The Southern Bank special
meeting this evening declared dividend Of five per Of
the earnings Of the Bank for the last six months The
will paid the resident Stockholders Monday, the July
and Northern stockholders at the Bank Of America in New
York Monday the 2lst July There confirmed solution
that it does not eqnrea large heavy line deposits with
Bank to enable it to earn cent.
Exchange quiet to-day The Banks asking for and sell
ing checks New York No variation from Saturdays
Quotations billssay Bankers sixty days sight at to
l1s round amounts commercial bills to q discount
Nothing done in Sterling Frscass drawers firm 90 TO-
will good bills TO be occasionally met with fraction lower
The market firm and in favor Of drawers Nothing
moment doing in bills Of aipg. Francs quevery little
mand-5 1874 to 532 the ruling rate though drawers
hold at 5s though there is considerable competition
deales inclined to recede from quotations.
We learn Exchange in Havana had improved the last dates
The demand for gold douIloous) for shipment hence that
market is good, and only little doing in silver.
The Stock Market is quiet Holders have desire to sell
unless at prices to dividends The Union Bank and Bank
of New Orleans will make their regular semi dividends
tomorrow of which we shall note in next. ~ |
We give the condition Banks years past The
increase of business in city is fully manifest the general
position Of Banks, which institutions in aEeclncs
conducted The principle which those Of city the
real thermometer Of credit, ability and soundness. %.
co3pardee condition of BunAs of lids cfy on Me last
Saturdays Of Jume 1854, 1856, 1856.
Al
Long and sIeF ios S June 49,
Our dates today from are to Tuesday last Foreign
Exchange was firm for the steamer 2, Bankers, hills
no. and commercial 1859 to loei. change
5.l7}s to5 .15, r,t2
The Of the Banks for the week ending the 2,
shows .. At. =
Increase in loans and discounts of 5sl
Decrease circulation Of 37s3
Increase in deposits nominally, 1852
Increase in deposits actually 7oi55
expansion is going rapid rate. The line of dis
counts is again at high point and is making fast The
aggregate within abont millions of the extreme
reported this year but the basis is much better
for expansion than in April last when the maximum was
reached The Banks have in hand upwards of FIVE millions
specie than at that time with good increase in deposits
| The total movement is now much stronger.
We to-day The following postscript per Atlantic of
Messrs Brown, shipley Il Co.'s Circular, Of the 9th:
| Per Atantic1 LIVERPOOL, June 10, 1856.
Since the ae Of the above G,car the Cotton Market has
for three days 4ooo bales, with 599 to Spectators and
There is doing in the Corn Market advance of I'd
bgsel in Wheat Cd per barrel in Flour and Cd
| ||
The financial condition Of France this moment the
best imaginable The report of tie committee Of the French
Budget for 1857 has been published in the government paper
and notwithstanding the guarded remarks an
evident anxiety is visible the ultimate results of the
VACANT expenditure general management national
finances which have than occasion directed
attention that large capital
lying unroactre from the tendency hoard specie long
pacced by the peasnntry of Francehas been called into
tive profitable circulation by impulse given enterprise
of every description during te reign of Napoleon Ill
it be denied that the of wealth and commercial pros
per in France are far from being developed Nevertheless
dangerous proceeding discount the French
has done, those elements Of national progress and adopt
financial system the success Of which dependent
terruped condition OF internal and external and
exemption from national caamites such deficient aryeats
the terrible visitation which has recently carried n into
some OF the richest provinces Of the empire.
Year after year we have seen the financial statements wound
with the exhibition of nominal SURPLUS which ru-