New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-10-26
gsh 0rleans 4aiIp @resttld.
THE COMMERCIAL DEPARTMENT.
Nsm 0rlfans Nlnntg Nlarktt.
cHxsczsr ozr1cs. No. 70 Camp strs

cRxscEsr ovr,cs. No. 70 Camp street,
me- Saturday Evening, Oct "a, 1857.
The many headed monster Panic ia ia it's last throes
another week will witness s Confidence and faith
rsnrnhg and many Of those who appeared to have allowed
reason to lose It's empire and vocated suspension
and that banking institutions ignoby
payments reoced to see re,rac;ug their steps
But those who require that the shall expand either in
discounts or the purchase Of exchange must wait few days
longer 1t will be unsafe for them uhs Bank to extend until
confidence ID further restoredhat H. extend and expand
the views Of We working out Of the vortex of
and panic though there will be pressure hanging
for short time longer In probability the specie
will daily increase. It will the
weekly statement Of the Banks shows Improvement and
when It known that such
highly increased favorable feeling observed the
The changes in the Bank statement for the week
AZ ascrease m ipsGls % ~
decrease in deposits proper Of .......... l7.l6l
decrease In short loans of......... 64,2s2
decrease in balances due distant banks - iiS,sB
The actual variation in long and short loans de-
crease for the week of
The curtalment loans Banks (Uno Mechancs
and Traders and Bank Of New Oreans 1856 95
tailment for weeks In all the Banks is 81 O4C00
The Bank of Louisiana Is In line 1851 900, which, with
OF certified checks and notes of the three suspended
Banks, increases 1t to $340O0 The Canal Bank Is in line
and with $4,000 Of suspended bank notes, would
sl96OOO It's deposits have increased during the
500 OO The Southern Bank is largely above line the Bank
New Orleans is considerably above line and the Union also
above line Finally, the entire is exceedingly
satisfactory We also have remark that the calls for coin
all Banks daily becoming less and with pleasure
did observe to-day the confidence reposed in the Bank
Robb There calls than other day
The late in New York does not aec
| the Bank here, they are two distinct concerns
The Citizens Bank also makes highly improved statenan
over last week, and Is working very favorably.
The receipts this week have been fair though
from the quarter expected. It will help materially The Ten
nessee Vera Cruz brings s2OO in silver which
Immediately by recoinage Although the coinage wou
not be legal yet think half dollars will be taken for
and very we'll The receipts for the week nea
one dollars The steamer Philadelphia due Mon
day. will bring further The Brazos steamer will ais
| bring silver. .a,. .p--,,
deposits of foreign gold this week. at the mint for
coinage been 100000 If the Secretary of the Treasu
will give mint permanent bullion fund, shall do
| well.
In addition usual weekly statement Of the Banks,
| annex that of the l7th inst.
Exchange, Of course does not very brskly Their
were of checks by the State Bank at per discount
Sales days sight by the Canal Bank " dis Their
were sales outside from 21@3 and per discount
Some trades made for sterling at from $685. bu
there regular quotations.
with pleasure that four hundred ousan
dollars expected by the steamer from Aspinwal
fer investment instead Of New York Instruction
for insurance having been received
There mistake shall 60 through but believe
are already through.
osndonoj.he Banksoft. city for the ,oeek ending