New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-03-12
Nen Orleans Mlaaeu alarket.

CRESCENT OFf1cE No. 10 Camp street, !
5fs331 Wednesday Evening, March II, 1857.
The day commenced with very unavorable weather
door operations and with very little inclination extensive
The continued upward tendency Of funds
which is caused by rge demands for Western account with
The desire Of local remtters avail themselves par
crested more than the usual demand for sight and short
sight and this increased dsnan has enhanced the rates Of time
bills As the New York money market last dates
growing easier and should II continue improve the great
disparity between time and sight bills may be removed.
The Banks osdayw asking II premium, for Checks with
two not desiring to draw rate On the street rates
ruled from to II premium Five days sight at thirty
days sight to discount The range of sixty
days sight Of bankers bills from 1S6s discount and
good produce bills from ~, Agl7G discount Sterling
heavy and as the amount is nccumuatng can hardly
pect advance Heavy amounts will be taken for remittance
to Havana for the expected large imports of and
olasse There also renances be made for coffee
imports which, in the aggregate will sustain the market
Francs have advanced, with small being taken at
523A Paris direct. The closing rates to-day from
5.zisa5 2sA. ,l ,ote~
In Stocks we heard Of the Of
l23and SO shares Union at Ill 757 sas ~
The money and paper market que with change
whatever in long dated secue and very little in
short time paper. -. n r.sg1. .r!lisa Af44
The calls the banks continue large but
week. for instance, tho State Bank and Branch called
yesterday for discounts to the of s52OoO of which
SsSe6OO was granted at the time this bank in line
nearly $500 Tho other banks also in line they
intent on keeping and with the strong Of the law
from those who happen to beseared BY the banks
consider as the n,andate Of the law and sharp
proof that which the banks have received need not e
poet other than daily rejection of paper which
might in many BIZ look favorable Therefore there
be gres reliance banks and the community
must govern itself accordingly ye.1 lla74 r
The Niagara letters received to-day They are looking
tofnhe advances incur staple but they predcated
5000 900 bales this side and in that there squirting
OF views towards the gara nine the price for Mddne
Orleans ~ | W. ~
Tie weekly banks Of the city New
York OF the 18th UT gives the following the condition
Decrease loans discounts s9ss 1855
Recrcase ~ spsss, 2 t5
besfsase Il depos Actually =! s
Loans Specie. Circulation, Deposits
FEB X 81 ,sihis7TiI ei0'Saassi sisS,2i5 SiSs7,Os
The considered otherwise than Of asors
BILE eharacer The eerease discounts and deposits continues
about equal extent while small inerease shown in the
specie The aggregate actual deposits continues
small compared with thc amount of discounts Ia August last
with discount line Of about hundred aud ten Millions the
actual deposits in haad amounted than iNynine mil
Hons Of dollars Now with line of loans abopt one million
4 more, the deposits nearly five millions less,
We have also the following financial Intelligence by the
niagara from London letter writer's SO there viii be
! an easy money market which will favor Cotton ~.
The arrival of upwards OF E3aO00 gold from Australia
of which oneqnrler oehd supposed have into
the hank vaults has given better tone the money market
though the of discount for short paper remains
The arrivals Of bon together with the large reduetion
army aud estimates sl6 100000 sipg and
favorable character of the chancellor of ,he Excheqners
budget caused Improvement in English funds.
lean securities dull quotations mostly nominal
The monthly of the Bank OF France shows
| crease Of specie, as follows;
ossh IN Branch Banks 46Ss4s % 1isHs7ss %
+ s.cs5s & ls5,o9ss7s % ieIa6i, 0ls "A
spci increase in the Bank OF France eleven millions