New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-06-20
THE COMMERCIAL DEPARTMENT.
Neu 0rLea1s SMloneg 5Elarket.
CRESCENT OFFICE, No. 70 Camp street,
Thursday Evening, June ~, 1856. 5

Il
s& "" Thursday Evening" June ~, 1885, S
In the general money market to-day sagnaney
dominated conab between two distinguished note brokers'
shades of the Branch Bank Camp street, was the
notable event in the market me cas on me AJAX
were large being the only Bank which discounts on
THURSDAYS the presumption 1t might have large offerings
would require excitement for the season the
require the the part OF the comu
nifty the full Of the Bank Of Louisiana
On the there some small amounts OF long dated
pape placed at per cent good grade which would
be discarded altogether in time of placed at
and 91s per cent.
The movements in Stocks to-day l37 shares Bank Of
Louisiana actually tranefered) ut l54 net.
The Exchange market is very inactive the Bears de-
sire TO see transactions In sight funds yesterday and to
day half of million Of dollars. The agents Of Western
been in the market and operated freely Checks
York. in of $50 900 Sl00000 have been sold
fraction variation from II discount The the of
the Banks and they not generally in want of
they hold firmly ut that and also make fair sales to their
customers Sixty days sight New York from Ia to "
and TX discount Bankers Of repute do not about drawing
under and rstclas house declined to sell under
discount. The of sight New York closed in all
quarters par and prime 60 days sight u discount and 80
days sight at Il to Il discount.
Sterling appears to have upward tendency First-clas
clear bills have been taken for investment at 81 and M which
shows real advance The Banks which drawing ask 81
Bills with shipping documents taken yesterday and to-day
The for this description Of documents fast draw
ing becoming scarce and ptop drawers
placed from $40 to 5l5.
The following the comparative rates for two years past
Sterling clear Bills lis. .zl@sk ioI@iS premium
Fra n nnaIng III 5 g SaS5gs premium
& Ssy 81 Il M isti d. SH b S;s
1t will be observed there is great difference the
present time the corresponding periods in 1854 and 1853
We often wondered the rapid increase in the banking
capital Of the city of New York. but when the great and rap
augmentation of population the vast congregation Of business
parts of the world within its boundaries considered
the extension Of capital longer be regarded as only
natural consequence.
We gather interesting report lately presented the
Stockholders of the Bank Of Commerce, New York. Bank
organized the free banking law of that State
this Bank the agency Of of city Banks e Canal
Bank induced offer the following highly interesting
regarding it. 1t organized the LIST of january 1889
and business in April of that with nominal
capital which has all been paid The present
number stockholders 1870 and the number of
shares held by each person 361s. The eighteen associates
composing Board Of Directors subscribing 81 050 of
Capital and the remaining S. 600 was subscribed in
February OF this subscription the last insament was
not paid up May 1s2hrteen years after its subscription
interval of eleven and half between the
| final and preceding payment on instruments.
There are two holding thousand shares each
lone residing London and in New York The Directors
have as known resolved its capital to ten millions
of doargadua however increase of one only takes
place year The articles Of association provide for an in
crease Of capital twenty millions appropriated TO private
shareholders and beyond this by permission fer additional
subscriptions behalf of the United States of America, OF
behalf any either Of the States the BOARD
Directors may deem fit The institution is close
Directors elected for e and they elect their
cessors The stockholders have voice in the matter.
This is corporation of tremendous powers with its alxia
elected for e Talk about the and
pois of the United States Bank throwing aside its branches
| it mere playhing with the Bank of Commerce.
From the Report of the Committee Of the Bank gathe
the following statistics:
| In 1910 there were $50 Banks in the State of New
r. York with capitals Of.
In 1855 there 2s7 Banks in the State Of New
York with capital s6,s903S
In 1910 the city banks had capitals 32S %
1856 there 81 banks with capitals of 4924 e.
| An increase of 80 per cent.
The population in 1910 was ACKNOWLEDGEMENTS. 32S5
:. 1856 was.................. 629Sl
The registered tonnage of this in $40 23l
1854 WIS.,. l,171,26
E1terngs IN lS4O 5Zl by
1854 were. Observation-Disclosures. 1881
Cclearances in lS40 49,, SO
1854 ACKNOWLEDGEMENTS. 152s, IL
An increase of $50 per cent.
late European papers take take the following