New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-08-07
THE COMMERCIAL DEPARTMENT..
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81 93} 81 4 Hednssdsy Eyenings August 5siss6 ;
There sas very from yat has been
te eoarse III trade atd finance three ohcep
IL come deerea 81 animation bale cottoa o
Froh from the river Parishes was having been
b. the steamer Southern Belle and te
house Of Frelfscn y Co 4io% 1t looks
NAV he cassed Whether inferior mddng, fair
choice we have not yet learned but the first bale
via the river has actually been received but o
has not been gold at I2ac per pound we do not know.
There was nothing going in the money market to-
dny The calls on the small and their ability
to discount was not tested
Some small negotiations Of outside reached contract Mt
and per cent for maturing in January February
and on The March next The Banks in consideration Of
e present plethora Of capital willing to extend their
fayors in short paper that such maturing within 90 days
Paper beyond that time will probably be rejected by all the
Banks at this time.
This may considered reasonable is that in
Boston, New York Philadelphia there such thing as
obtaining discounts from Banks for paper having longer
than 90 days.
The letters by the Arabia Liverpool to the 18th u
received to-day They do not bring that appalling news Of
failures which the telegraph advicc led the community TO
pect Some trckery ccaney has going between
spnners in Manchester and prominent Broker in Liver
pool His has been given but as he hurts nobody IN
city deem the failure being Of the smallest orde anu
worthy notice AT the time there failures re;
pored England and France being the resus Of undue in
vesmen grain breadtus in other words those who
very largely in aor grain and all eaables gene
rally likely the WALL and only remark that
! they may be more highly favored the next time.
The Exchange market very firm to-day Most OF the
Banks advanced sight funds checks New
York PREMIUM among which the Bank Of Louisiana
the State Canal Bank, with the strongest private
bankers So may considered standard for the present
that the ruling Northern funds is 4 cent premium
Sixty days sight ranges from to IL cent discount will
only small Offering fact at this time the amount
produce small that most Of the time exchange
based open credits and those with bankers and houses
credit and standing unlimited and in the present position
financial affairs they deemed Of the highest consideration
foreign Exchange there nothing doing Of consequence
struggling bill and then is offered and If satisfactory
taken at ~ to "a premium, and rendered with bill OF ladin
will command cent The banks still hold their stern
at 1l01 to HOY Francs there is heayness hangn
MARKET and gosd bills have been sold low as 56}
on Paris The range of the day may be placed at 56
| TO 5ll5{.
We give below annual statement Of The condition OF II
Aga1nemnon Of banking institutions, the Louisiana sta
Bank The profits Of the business Of the Bank for II
last twelve months within fraction of fifteen cent
surplus OIL last of July 1856 was after deductng its div
den S456G0O The surplus at this time after deducting
dividend per payable Monday next Is a6l IN
will be perceived that the business of the Bank has ncrea
year. and is likely, with other banking institution
to increase and trade Of city expands
Annual condition of the Louisiana State Bank, The I'd day
= August, 1856.