New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-02-21
THE COMMERCIAL DEPARTMENT.
yltw Orleans 3t(Mttw MlarAet.
CRESCENT OFFICE, No. 70 Camp street, !
~ i .....l., L s:I.I,iLln< I,Gli Oh lG5E

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heavy rain commenced during last night and continued
till towards meridian today impeding outdoor business ard
causing almost blank day in general transactions The weather
continues mild hopes Of early resumption of intercourse
with the West strengthened One ing, have not
received any icy erc dispatches for days and the
differences arc decidedly favorable.
We yet without he expected adviccs from Liverpool Of
the fifth nst which delay, with the vet morning. has occasioned
general dIness to-day in produce in money and exchange
The indications of easy market continue TO grow
stronger dniy. The offerings in Bank DENOTE the usual position
oneyhat is all the Banks hive to loan Is readily taken
by their regular customers Exchange has advanced 10 those
which will result il much profit md there hut little
inclination by the Banks to take largely Mt the present prices
This Of course gives them broader scope for local paper
The negotiations Of paper to-day few and far between
though is in the height Of the paper making season. the usual
amounts Of cotton factors acccpatceS DO not appear.
The Exchange mns'c quiet The supply of Northern
sight funds continues free with sales making at 70 discount by
the Banks New York and private bankers, though q is
asked and llcn it high for quotation sixty days
New York and Boston offered freely to-day. BHy
ers generally want concession from rates which have been
ruling during the week. Private bankers sold at III discount
New York. We also heard of sale Mt higher rate d1z)
Good commercial bills at ~ cent discount readily
taken 2 % Boston also taken freely Buyers Of all
kinds exacng lower and large arrivals of produce
shortly expected, the Bears may carry the day In foreign
there few sales. Bankers drafts London
taken 100 bills of ading, parcels small amounts
taken at ~, and further amount of 1870 OF 400 bales on
PIT Some Francs taken at $50. The general is
without variation from Of yesterday 1924 5
and 5.271s to J.25-rather more the narke, to-day.
There sale of IS shares Of Canal Bank to-day H. and
Is shares Of Citizens Bank ut i31s general inclination is
cvnccd tue part Of holders Of all stocks hold rather
sell under considerable ADVANCES. good time offers for
organizing otwo banks There is considerable
lying idle likely remain It would be far preferable
that the Of it instead Of taking to other places for
investment could be induced to leave it here to lie invested in
banks under the general banking Of We before
expressed the opinion that additional associations Of capital
could successfully employed which is confirmed by the gene
raj surplus funds Of the banks existing
mulating.
Friday the 22I inst, being created by law day Of
meoatpn Of the birth Of Washington all Ike Banks will be
closed Business for that day be attended 10 Tomorrow
the 2lst o-AayJ The Banking House Of Messr James, Rob
Go. will also be closed and the rules apply TO it as the
| Banks.
The mail to-day brought papers New York Of the 18Th
inst from which We take the following:
There 10 change TO noe in money rates although The len
ee eft viii tic SOCK House. as low as per- csnt Metcan
as t dome s At iron n 10 Fo5t 9e for the
nall ws at lgyfor London and 2l to go for French few
The Enquirer Of the 18Th says Of Foreign Exchange;
few bankers asking higher rates, but did not lcarr
q an; mporat transaction above ~ %; Sis Of cotton IL
reported by telegraph the latest daily transaco the supply
oG Esr e rese a res viii M I Thercfoe
fears need be expressed in regard specie shipments
Tie last ST. Louis Price Current in abiding 10 business
matters says the Savings Institutions of that city arc be
coming objects Of the greatest The last Legislature
extended them privee-ey restricted from issuing note
paper and Cannot he used in that way the disadvantage
the pnblic or copardize depositors.
The suspension Of business in the produce market
easy quiet things in the money market Money
plenty for all legitimate of trade and present ,er
is very little dcnnndaud a COOL business paper having
ninety days 10 is readily passed at the discount il
sution On the Streets is loaned at 10 u
real securities and from 10 IL mont!
long time paper. Sight Exchange the Fast and Sou1
continues and i'll demand par 4 per premium
Very few time bills offering, and with increased
ad easier TO drawers Quotations for bills OH Il
South and East now range as olows-saE % days 10 oil
days ~ off, and 90 days 23 to per discount,
We have believe that large access:on
strength will be the financial ability the city. tt
late Legislature granted charters, liberal in their provisions.
several institutions all Of Which will likely 20 into operation
the The spring trade opens The Staie Saving Institute
has already subscription Of $500 g and the books
opened for further subscription Of S2I'tW. II
Dollar Saving Institution has $4,000 Subscribed and acti
i'll operation for carly o.
enterprises. These Savings Institutions the reservoirs
small which swell o. Importance and
capable Of adding materially the and growth
the commercial manufacturing interests OF the city
ST. I.oiis particularly, needs great financial hasiS and wi
banking facilities correspondent her elements Of business
stride prosperity and improvement will be greatly ccel
rated.