New Orleans daily crescent., 1857-09-25
Nsn OrlfaI1s 9ailu Grestsllt.
THE COMMERCIAL DEPARTMENT.
, Wsu 0rltans Hlnuey NlarAtt.
cErso.Sr a!,.. orrleE, No; 70 Camp street, :,

fausrdsy Evening" Sept. "a, 1857. |
There change In the general position Of the money
market day. Only Bank discounng and that being the
Ajax there cond not be any large avos granted On the
street there was paucy OF Offering yet a reon
sble brokers nave as much a they pass We learn OF
sale Of $4,000 maturing In February March and April
paper considered Al Of is per cent There were also
negotiations at IL per cent for Al.
rivng with more Freedom and taken in landed
that there no accumulation Of stock worthy notice
Exchange continues to dscne in fact the bottom Is most out
OF the bill market There constant demand however, for
bank checks and sight drafts York and the
for checks is firm at per premium Outside the
range from A>s premium one days sight non premium
three days sight Il premium fifteen days sight l
discount There offerings days sight at l discount
There some small Of sixty days sight
cent discount The range Of the market being from 3
cent discount Sterling dull and good Al bills have been
sold at eg6H We place extreme figures 56S for clear
bills and 495z for bills with shipping Documents For re-
mtance possibly 6M would Francs have the same
dull feeling and appearance 10000 good AL were placed at
55 We quote from se@5 s2 though parties hold at
35dg5so. .ar
We have not very favorable regarding Ohio Life
Insurance and Trust Company Our late citizen the head Of
the Trust Company does not to make much headway
towards settlement There probability Of its resuins
again. Claims against which sold week two after Its
pension 75G90c per dollar difficult Of sale 50c
The Cincinnati Price Current of the l6th The
eal aspect of affairs during the has improved
of confidence exists uncomfortable degree which partly
be attributed to the various heavy failures which have taken
place New York curing the week and to able
the affairs Of the Trust Company assumed since
last together with the suspension Of the Citizens Bank which
though anticipated, produced excitemeat. 4s
"The committee appointed investigate the affairs Of the
Trust Company has with great difficulty in the prosecution
Its duties The Of the New York office found
in greatest confusion imaginable snd Mr. Ludlow, the
cashier give information enable the committee
unrave them and the present time satisfactory in
formation obtained from him, rendering
for the committee to correspondence with the parties to
each account making their progress slow in the extreme.
the accounts being confused and Ludlow refus
ing give information regarding them look bad as regsrd
Of the Company and regards the integrity of the
We believe the Directors give ul hope of being
business and the question with them Is how
| much be saved from the wrecks
The Citizens Bank suspended because its money was locked
up securities upon which 1t could not realize and owing to
partial arrangement the of Mr. Smead the cet
supposed will all IT eventually but that
| not resume business, any more, for ever.
"The of the Central Bank have not undergone
change for the 1t still closed and will probably
main time. Among merchants, matters seen
comfortable failures have taken place. and to stran
ger passing through business Streets would seem tha
of all kinds rushing usual nothing ha
disturbed the financial ranifcations of the country
The following the Banks discredited in New York mum
berng in thirty:wo Banks and how many ought
suspend it is doubtful to say WI
Ohio Life and Trus. Company New York city R Mechanic MIC
y Hs59r 99 ssr bank xk o o
|
York Niagara River Bank Tonawauda New York Bank
York farmers Bank Wexford, Rhode Island Mount ve
non Bank Providence, Rhode Island Rhode Island Centr
Bank Greenwich Rhode Island Bank of South Count,
Wakefield Rhode Island Warwick Bank, Warwick, khod
Island Tiverton Bank Tiverton Rhode Island Tivertor
Rhode Island Bank Of Haoweil Hallowe Maine Hancoc
Bank Ellsworth Maine; Sanford Bank (ate Mausun Bank
San Dandy Bank Dandy Vermont Bank of Sout
Royalton Royaton, Vermont Bergen County nix Hacker
sack New Jersey Bank of NewJersey, New Brunswick Ne
cultural Bank Brownsville TeDnessee Merchants Exchana
Bank Bridgeport Connecticut Warren County Bank, Warre
PENNSYLVANIA Bank OF kanawha, Maiden, Virginia Bank
Elgn gip Illinois Hartford County Hartford, Connecicu
many private Banks have not to enumerate
The entire Of country banking in Northern States
This position fully confirmed by the 70
, lowing remarks Of the New York Enquirer:
Whenever bank contraction takes place the immediate es
is force home large amount of circulating bills upon Il
points issue. The failures Of few small banks in the int
ncrease the from this
compel the banks Of city to sustain much great
Bank going without interruption at the rate OF million
per without Inconvenience whatever the
try banks all OF whom maintain 6xer balances at Boston
Il purpose The redemption New York also quite actv
without uneasiness but forces the Metropolitan
the Exchange Banks the labor and duty susanl
par redemption These banks creditors for lar
inferior banks but determined
all integrity the system well devised five
Were this in operation, day would be ruitf
tass Empire city instead of small at HON
the Massachusetts banks for the
year shown the annexed summary for the end of
m