New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-05-16
THE COMMERCIAL DEPARTMENT.
GLEN 0rIeans Nlonev MIarket.
CREscErr orrIcE, No. 10 Camp Street, !
ThurEdaY Evening, May L.. !

was decidedly dull on the street to-day The most pro
attraction the offering Of the 1872 shares of Bank
Of the succession Of John Harris AS e1r
peced the greater part was bought In The Sens
being the only sock sold il was bought by an eminent
broker at l The Bank Of Louisiana Stock up and
bought in ut 1871 and the State Bank at 4l There were no
in Stocks excepting the sale 20 sares new
stock of the Bank of New Orleans at 0 To be explicit It
must be understood that what Is termed stock is that which
has been taken towards the additional capital and which will
only be entitled to pro dividend in July last The old
stock will receive full dividend which, resume will be
per The books for subscription to the stock
opened for thirty days. which would expire to-day provided the
time was considered thirty consecutive days. ills
strlled thirty days Judicial days However, the
stock a covered the Directors keep day two
longer accommodate old stockholders who
much engaged as to overlook the specified time.
There operations in Canal Bank say hundred
shares PIT. This Bank will regular semi-annua
dividend of FIVE cent the third Monday of
The Exchange market heavy to-day. The Banks
selling on New York the in small prem
Outside was dull very dull, sixty days sight
placed Mt IL IA sum- say 600 was sold at dis
count the was however for Al bills to 1G good
mercal drafts Ia to IL, with variation Of x u other
Northern cities Generally buyers of 60 days New York
not willing to take any better IL. Bankers
bills held at dis foreign bills market had very
angud turn though drawers very firm 9 ~ and 81
For sterling, Bills Of ladng drafts rule from 81 81 and
Francs have declined slightly and tho best rates oiainabe
53 the range Of the place at 5lss to
and closing in favor Of buyers
The Banks of Philadelphia have recently made their semi
annual dividends 1t will be observed that the Banks with
smallest capitals have done the productive
ness paying profits at the rate Of Is per per
Although is supposed the working expenses Of Bank with
capital of $500 900 81 600 900 just much Bank with
capital of two three mions yo believe that
with small capital conducive the public good than
large which frequently prove unwedly capitals We will
instance at home here Would not the capital of the Bank
of Louisiana be productive to the welfare if
divided into four Banks of With its great surplus,
fund its surplus In it's daily movement
which appears keep about line required by
law, it is impossible to find full employment for resources
least it appears Suppose the Bank of Louisiana
establish branch town. has been desired by
prominent stockholders, would such branch receive
share of patronage that does find way old Bank
However, such thing is hardly within the scope the
charter of the Bank shall not have Camp street
We only consider the Ajax colossal pillar
nary financial strength, and let commercial hurricane
financial blasts Of the worst kind 1t stands
the proudest and foresse of banking that
found in the commercial world equaed by few surpassed
by neneand although its administration deemed entirely
for this Of progress yet the mercantile and
financial community Of New Orleans believe pride in
feeling that it has institution which cannot under any
cnmsances of political commercial revusions be
PEELED to suspend its duties the public therefore, stock
holders do receive extra dividend this season.
satisfactory to know that its equivalent in the vaults OF
Bank and though extra may and ten may
well enough that the Bank should always good
for we do not know what day may bring forth.
To return to the Banks of Philadelphia the Philadelphia
Ledger, of the 7th givesthe following
All of city banks just made their semiannua
dividends with the exception Of the Bank Americs
and the Bank Of Penns vana which declare January
July Our list is this year increased by banks City