New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-10-06
II e6 !0rltans 4aiIp 0rsstent.
THE COMMERCIAL DEPARTMENT..
Nep 0rltans Dlputu Darktt.


The week opens very quietly Good cheer preyas bu that
will not Confidence and mistaken though
some disquietude felt in certain circles with the character
the Western eegaphic dispatches It will be best for all In
ed to regular correspondence by mail These
dispatches do not tally when closely scanned We learn from
an authentic that the chartered Banks Of ST. Louis will
not suspend This we'll with the exception Of the old
Missouri Bank, Of them have been in operation for
six months suspend at this time would be truly unor
tunate affair. =
We should Judge that York operators terribly fright
ened Erie stock has declined 10c the dola
Virginia State 72d72a Missouri State sixes 63@64c
Ohio S. There sale Of $4,000 Louisiana
state Bonds 5 The purchase made for account Of
of the Banks in this city.
In the papers from parts Of the country
expressions made its entire sovency and soundness
led of the failure and suspension Of this and that
banking and such and such long established commercial
firms the country has doubt abundance of produce
to qudate Indebtedness and is far from insolvency The
merchants Of ST. great spirits report that
there $500 in gold route from here for that port
When arrived in port which said to have $500 600
on board the only turned out to be $1,000 and the
SsO000O dinded down to 5l20t There several small
SUNS hther last week. but will hardly arrive in time to
| be Of any great service.
we'll enough for Bank Directors to examine
closely Of the offerings coming before them and ascertain
the proceeds CON- AT this juncure
prudent egrd the specie basis We now feel
the effects fund Branch Mint
10 purchase bullion and silver coin propitous is
hand circulate the silver coinage Of the Will
pass freely the West any Farmers traders
ALL will not hesitate receive it in in preference
paper currency Of the thousand and Banks in the
Northwest Now is the opportunity check the fictitious and
Of the West Let Mr. Secretary Cobb
million of dollars in gold forthwith Branch Mint
bullion fund and will afford relief At the
time Treasury policy Of subTreasuy drafts
rants be revoked.
sales Of paper to-day the of 5@s
per The quantity the market appears to be diminish
daily Cash transactions the order Of the day. and
paper is making Renewals Instances. The
Banks doing ali they consistently with their safety
Exchange little acted The Banks had nothing
to invest and sight and sight drafts New York
to had only in moderate One two of the
Banks drawing small at 114@1a premium. There
sales Of private sight at 2 premium Nc
transactions sixty days4@5 per discount be
dered the rate but do call quotation. Sterling
quote 9Co for clear bills and 995 for bills of ladinf
drafts Francs, may say at 5.IC@56G and tending
downward We heard Of offer of rs. No il
| stocks.
following notice issuei the Bank
in the city of New York the 18th ut last Monday:
The been called upon to give their opn
Of this city By suspension the neigh
boring cities reply that i is their decided opinion that n
on and that they cannot only sustain themselves specie
i psyng Banks from the flow Of and prodne
this center that they will soon be enable
to furnish further and more efficient aid to the mercantile com
IS a. r Ha.scy, Vice President Bank Of New York.
s. J. J. Palmer, President Merchants Bank.
s. Knapp, President Mechanics Bank.
q r. Deming, President Union Bank.
II G. O. Hased, President Manhattan Company.
j. 7: sou.ter President Bank of The Republic
r. Whe1s President Of Bank Of the State of New York
4, Thomas A. Booth President American Exchange Bank.
this juncture be of interest of reade,
to know position Of the Banks Of the city Of New Yorl
We therefore, publish the condition of each Bank
Saturday 26h of September The line of deposits include
deposits Banks similar the collection
- of cur Banks