New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-10-01
Nsu Orlealls 1ailg 6restent.
THE COMMERCIAL DEPARTMENT.
gsm 0rltans Hlpntr Nlarktt.
CKEscENr OFrICE, No. 10 Camp street,
Wednesday Evening. Sent, 10. is

= ylsE 10 Weonesday Evening, sept 90 i667$
Generally speaking, there was feeling in moied
circles to-day The calls the Banks discounts though
large not In Of week The same ratio
ngs and the farne line Of discounts appear mark the
ents Of the Banks last week. Confidence future
tnues strong Our Banks all they sustaining
the good position which our city has held and now Holds
There excitement prevailing coming market
freely and the prospects the crop suso
from the fact that Of the growth
received and reported 10 be sold uneard Of prices
This augurs we'll for fact there are not the
to apprehend anything serious future We
willing to admit difficult period exchange
tons What of that the has occurred before and
good city, with its merchants has the results
nothing discernibe commercial
the belief but that another crissyea half dozen
of the same nature. .s'4-g
Confidence continue unmpaired Produce is arriving freely
place factors in good and desirable position. Il
ii is however, early In the predict
for the stability Of Banks any Individual cha
longing their odi,y after persng the las; monthly statements
rendered the Board Currency might we'll considered
a fit subject for the insane Hospital. t7
The movements in paper to day limited. We heard Of
transactions lii2 per cent higher rate
mp 15S per cent In exchange nothing doing,
other than Gales Of sterling bills per
MUM and offers Of Francs taken at So One
of the Banks sold checks New York ANAL to its
customers al III cent premium There reports astir
that Of the Western Bank agents drawing COIN but
did not discern anything than usual and think that
there little due the the Western Banks and
the demand for coin necessarily be limited Time
bills Northern cities almost unsaeabe We do not
the North This time and II New England manufacturer
cotton they will provide the snd means
There nothing done in stocks to-day The managers Of
the Crescent City Bank have called for the second nstamen
which payable the Banking House, corner
Carondec and Canal street. The Bank into operation
to.morrow-that is opens for business. 80. 7s.3 ~
The Louisiana Savings Institution having been reorganized
ha, removed to SO ST. Charles street. The difficulties unde
which abored fifteen month, since have been removed
in good position and able 70 carry out the pur
poses of its incorporation Deposits in this Bank OF as small
dime received and interest allowed thereon
Those aredesrous Of encouraging habits of economy
savings will good service by encouraging this
We have frequently alluded to the msmanagement OF tina
mongrel affair." the Ohio Life Insurance and Trust Company
Possibly might have been worthy of notice had not
former Of New Oriesnsa graduate from Boston
head of IT, As from what has TRANSFERRED the revu
going may be said to be unavoidable woui
have well had it commenced among the mne
than the lead should have by whfc
has carried SO many with u. r. 4.
Cincinnati Price Current has the following rearks
1.-THE movements of the week in financial matters have nj
marked important changes except that the
feeling has continued improve gradually and in the san
proportion confidence gathers strength We have Bank
mercantile failures report for the city, and we hear OF
in the West New York Boston and Phade
pha suffered continue suffer largely in the way
suspensions This owing the difficulty OF obtaining accor
rather than inherent soundness -Four htths
suspended have surplus Of reliable ASSETS
having large liabilities they found it impossible to meet the
engagemA nts.
.sThe West stands up well-much better to be
pected failures far have been few and not many
them character But for the acknowledgement
the Trust Agency in New York. and the coHseque
explosion of the concern likely that single failure
importance would have taken place in Cincinnati or any 9th
city is remarkable fact that almost every Bank
that have given way the in the We
their troubles directly indirectly tot the Trust Cor
pany The Citizens Bank, example, had So, 1000 in
Trust Company Central Bank suspended in
| R.lo IN hrok
by the Trust Company Lyle of Detroit failed becau
had large balance in the Trust Company. James Carte
aena failed because he had $50 coo in the Trust Compan
of Ohio has been compelled to withhold
modations customers because it hsd million and
half up by the Trust Company. These few Of
principals that have been crushed crippled the Trust Cor
pany Collatea thousands have been ruined rncommod
by that failure it, already remarked almost
failure suspension that has taken place in the West rat
able What CATION of loss trouble, vexation and 81
ferng thus attributable TO the bankruptcy of one concer
how exceedingly provoking to think of this when it
known have been brought about by the carelessness rec
essness dishonesty OF with the knowledge Of
through the negligence of others whose duty to dire
the operations of the Cashier But the Trns Company wi
capital millions has oated of before the fortui
destroying wind that has wrecked the hopes of many specu
tors without leaving good name behind 1t is sas
tory to know however, stockholders the only
likely to lose directly Others have been nce
venienced and have suffered this way, but this bel
rapidly adjusted On the whole the Western creditors of
Trust Company have Jared WE'LL the great majority Of TIT
having been amply secured.
Rates vary from II to 36 cent per
The offerings good paper comparatively SMALL and thu
little of this grade pressing for sale out of doors
Eastern exchange continues at 1aGe2
premium the latter for mixers checks. Small sales
ng New Orleans sight at dis par. Eastern bills ahou
sLrutnized closely owing the unsettled state of business
the sesboad, freely than heretofore,
equal to l9l2 cent annum for first class securities