New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-04
yle6 Orleans Duly 6restent.
THE COMMERCIAL DEPARTMENT.
Mtm ORLEANS Tlontp Market.
CREscEs1 orricE: No. 10 Camp street

CREsCEN1 OFFICE No. 10 Camp street, |
Thursday Evening, Sept g. 1857. )
Cur usual daily of the money market has been
pended for space Of time we have
on investigation of the line OF discounts Of banks in the
neehborood Of Cat Island Pascagoua Bon secou other
Localities We have that the discounts though liberal
have not those several banks line much
more favorable report than find to-day regarding Northern
Banks II were to credit all the reports which have been
flying for three days. it would supposed mighty
vuon in the financial world approaching But all we
hear and all that likely to learn origin
in suspension of the Ohio life Com
pany which from all accounts conducted something Of
the harem order There no doubt as we remarked
last week affairs of this COMPANY embraced broad
sDsce Of country Is that stop should be placed
OIL half half banks which located in place
Offices and agents in another We should begin
to oldity Of the Ajax of louisiana established
in Paris and Threadneedle street AS this Ohio Company
has gone the way all absorbing wanting much as
socigtion that hereafter its failure will
failure of note having taken place
New York that Beebee Co. We have every reason to
believe that this suspension only temporary The head Of
this fl m always been deemed of the cautions
prudent Of the enjoying the unlimited credit in
financial well every other H.
Me Co.. Of this city, have had transactions Of the
kind with it. But no here will suffer by the stoppage,
Merrell did receive deposits
consequently there is nothing due 10 people rather small
depositors. Any nconyenences arising from it will fall
those who we'll able bear fact heard late this
evening Messrs Beebee Co. would resume forthwith
Notwithstanding the untoward accounts which have
been received past three days. money market
very easy Long discounted to-day
rate of 9 per cent. for Al and some good at IL.
Exchange almost at stand still. Very few buyers
1924 per cent discount for the best OF bills. Thu
Banks prem. which
is an advance Of quarter within the week.
Sterling is fat very dull at S7l@s14 Nothing doing il
francs.
Stocks of all kinds quiet very quiet.
In regard troubles in railroad connection
in New York. New York Enquirer of the 9Th ult, has til
/, following:
The fears Of parties have led unnecessarily
sacrifices in their securties-many have pae
with railroad and impression that til
end the railroad system has 1t wi
be found however upon inquiry that the railroad
full go and constituting largely the prosperity and g!owi
capital but the country could make little or no progres
stated that Messrs Jacob Little Co. have
pended on their stock CONTRACTS in Of the inabt
few failures Of this kind led to soppase Of time sales
stocks and also on produce Much of the evil existing in tn
Ii public misfortune any time, and peculiarly
issued which mslead their readers A paragraoh
the following effect found its this morning into the column
# A. Nicholas says Ali the following bills were refused
Wexford K l. Hancock Bank Maine Tiyerton B4nk r.
Rhode Island Central Bank The Farmers Bank of saratOe
Notices of this kind are thrown broadcast upon the
5 ars S.nk Of Saratoga has been reused By the Metr
poln The bank has not changed its policy all in reeren
Titan takes bank paper without exception.
all of the New ENGLAND paper that it did two n9n.hs ag
SINCE and nothing has TRANSFERRED recently to make them bett
the repu,ed of many of the
banks has failed and would have been better for Wall sire
N if these weak had been established They
fraudulent in inception and in Practice. up merely for
cao and when convenient arrives they droppe
he we'll however, caution readers to the stab
y Of New England banks generally and say that no ne
h arisen cae n 10 ceae M o ~
beforehand that it weak when facts are known about H.