New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-04-29
Neht ORLEANS Nlanew 5Jlarktt.


i Tuesday Evening, April 2S 1851 s
There was considerable enquiry for money to-day
yesterday and parties under the impression
the market stringent The offerings to-day
were rather heavy and perhaps rejected
usual 1t must not however, be overlooked there are
many individuals DESTROYS of closing for the season.
view of spending the next six eight in Europe
Northern Cities and they DESTROYS of realizing they can
Now the question may be asked how money do some
parties require in the of loans and discounts them
to cut dash in Europe Of course so fortunate
as to possess adequate income do require discounts
loans But do know that there many who anticipate
their income by borrowing and looming dfsburse
pacesflling up the offerings detrment and
injury OF our permanent citizens solvent merchants traders
dealers in general.
There negotiations to-day of long dated paper at 99
and go Of high grade, and some good at 10.
In stocks there sales ae yesterday of 37 shares
Canal Bank in the of 2z New York account
shares local account To-day 1G0 shares Bank
leans IT, and shares of Mechanics and Traders Bank
We intend report every stock even it is only one
share and that of the old Nashville RAILROAD improvement
Bank ..s
Exchange was in fair request to-day There is surplus
rather want Of million Of dollars meet for coffee
and above last year. which has provided in ster
ling bills which has with the advance New York sent clear
bills to 999s and 10 U cent premium. have
paid 9S9 We heard of important transactions Francs
and continue figures at 245 Is the sales making for
remittance being at 1895 Is.
The banks checking New York the eu.a ~ Y
as premium. Sales outside at 5sk. Sixty days ,gt u
@ discount bankers feeling disposed their es
to q discount Other grades ranging 15S@5s and ~
discount.
We learn that purchase of bullion the Mint under
ordersfrm has been discontinued present
This will have unfavorable effect the price Mexican
lars and Of throws the market open Camp street
will be benefited thereby The buyers on this street
however, very liberal in their transactions no advan
will be taken The Mint has been undergoing repairs
time, and the stock of bullion has so much
that all the funds appropriated purchase absorbed
civ sin nf the yor< panL
presents the following compared with the week previous
Increase in loans and discounts s976543
Decrease in creulaon. ID 5l6
Increase in deposits actually 504.3l5
Loans. Specie. Circulation. Deposits.
AP t. ilsssa isSsi 9s ss$ 5sis S ss
The last compared with those previous week.
exhibit the following variations in the aggregate:
remarks from this statement that the usual spring
traction in discounts had commenced year mid
die of the first of june the line of discounts
duced athe rate Of about million Of dollars per week
that time it from hundred and two million, of dollars
During the period last the specie increased
about four million of dollars. We any
crease this year. for have not the supply
draw upon. The payment Of Texas claims in June year
fortified the banks strongly with specie and them good
basis for the usual expansion This year very
different The banks have in hand small specie reserve
and do see how they can maintain the present
amount with active expectation The price
ling exchange gives notice of specie Shipments the
hand they the course Of
trade The favorable future the report
traction in discounts good deal OF the danger
pae may be dspated by steady adherence this line Of
policy,
The City Of Washngtona New York brings
London Money Market to the evening of The It'll inst
demand in the discount markets. still active and Mt the
bank the applications believed to be numerous
character indicate that there expectation
early return TO an easier condition.
Tuesday EtenipgThe Bank Of England adopted further
slight restriction to-day which had the effect increasing
heavness Of the Stock market In ordinary times they discount
bills having than three months for the bill bro
kers for the pub.
lic This afternoon however they gave notice accom-.
mediation would be limited to bills not having than
month TO rnn that bills Of longer they would only
| make advances for fortnight
This limitation is not in any apply 10 the public
large ordinary mercantile applications being still freely met
During the ensuing the
able bank will be extraordinarily great and il these
should be in any considerable proportion without call
assistance the restrictions adopted yesterday day
4 will probably soon be reseinded
The object Of the bank evidently Is keep themselves free
during the next fortnight to take that the
render necessary Within that time the effect the
Australian gold arrivals will have been ascertaned Further
ndvices will have been received which help indicate
whether continue sending gold parts the world
obtain the requisite supply Of silver for each fortnghs In
dian mail Any course that then be presented be
pected therefore, to degree of peTmanenoe
Meanwhile twill be advantage the step nterposed
with regard bills Of long date should induce all persons
the uncertainty that prevails weigh well the responsibilities
| OF proiracted commitments,