New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-04-22

that the stock of cotton reduced and the
ported to DO aoat based cotton RETIRED there will be
easy state Of affairs.
The Exchange market to-day que. The chief
lions in sterling ss though drawers hold at
9s9A that is only paid for remittance Dealers and
buyers will not the figure There negotiations
going in bills with shipping documents attached but
leaning in favor Of drawers Francs without Change In fact
did learn OF sale. Northern funds pretty The
prominent Bank sold checks New York u premium
Outside the ranged from <lh premium for AL sight
drafts and s premium for five, three and dny sight
Thirty days sight @A discount sixty days sight l1S1k
and N discount for AL to gnod and fair bills
Bankers holding and selling at 7s@11 per cent T
On Western cities not much doing and regular rates.
Bankers and dealers Camp street. however furnish any
amount to suit buyers st. Lous Louisville and Cincinnati
1t for be Juggling gold about
good exchange be obtained which will the local
currency at premium where any trader may reside.
We learn that the Directors of Bank America definitely
settled the question Of location the meeting evening
The and Old Ieyse street Is determined
for the banking house.
The subscription lists the capital City
Bank have been before the public days. and have been
ayoraby received The deficiency of banking capital
than apparent 1t cannot hardly be expected that the
amount of capital will for trade amounting hun
ample for trade of hundred hundred and twenty-five
millions Of dollars This audes yalue of int rio products
II farther off, the trade in all brat ches will amount this
of three hundred millions of dollars although
there great deficit of great staples To relieve in
part the great necessities of associated capital the Crescent
City Bank has projected under the sanction and control of
energetic and responsible citizens including of
our talented and skiful merchants.
The of subscription remarkably easy, and
that those of moderate income partake of the bne
fits When is considered that the stocks of the old chartered
Banks from % to So premium and the stocks of
the free Banks from to IN cent premium must be
that in Banks be otherwise than
ducve the organization offers
strongest Inducements to all classes of citizens.
The capital the Crescent City Bank intended to be
co., with authority to increase. Subscribers will pay So per
signing the charter before the notary S5 share
the October next and so share the of each
month afterwards This makes it extremely feasible for all
chants traders and citizens embrace the advant offered
| for and permanent investment
The Board Of Directors is composed of the following
chants citizens each and all deeply interested in the prom
and welfare of city Messrs. j. j. Person. c. Eel
loves s. Nelson. r. McIlhemy Thos Murray Walter Ncol
j. 7. Labouisss, p VOORHEES, j. H. Dudley, John Kemp
| j. O. Nixon, H. r. IIonsdae and +. b. Brand.
subscription list deposited at the office of Walter f. Pc
ters notary public in the hands of the Di
| rectors
weekly of the banks of the city of New
| York gives the following the condition
Loans. Specie. Circulation. Deposits.
A ApT H. s. 5sss ss $sH$a $SsssSs
returns compared with those previous week,
exhibit the following variations in the aggregate:
Increase in loans and discounts. $40 SIS
Decrease in circulation "A a34
Increase in deposits actually l5S7
The deposits in the banks according the
week. amounted the that reported for the week
ending January 3st last AT that time the line of discounts
about four millions less than at present. and the specie
about and quarter million The banks of that city
expa ded condition. and comparatively
The present easy money market
partially attributed this rapid expansion of loans aad
long the banks continue the initiation there be no strn
gency they go much longer at this rate Last
year this the bank loans amounted to SO7 $40 49, and
the specie reserve With specie nearly
millions greater the line of discount was nearly eight mil
lions From the middle of April last year the ls June
banks rapidly and the probability is
snar policy VIII be pursued this year. The banks
very poorly provided specie shipment and the
hand demand for export is likely to be
active year banks fortified with large drafts
treasury between and eight millions OF
weeks transferred from the the
banks vaults .