New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-10-08
Mfm 0rltans Dailp Grtstert,
THE COMMERCIAL DEPARTMENT.
Nem 0rlfans Hlnntp Narktt.
CRESCENT OFFICE, No. 10 Camp street,
Wsdnaadax ExeIlinn lct 4 laEf

Wednesday Evening, UcL 7, 1857.
There was no change the general money aks. to-day
either good evil The offerings Of tho Banks dis
counting to-day show increase last week Az
the Bank Of New Orleans which generally called
very largely discounted nearly three fourths Of the osng
Tho State Bank also done we'll and Hye the word
exchange shoud we'll It supposed that
would large calls the Banks for coin by the
steamer Daniel Webstel to Leave for New York
Up late hour there nothing called for than In the
ordinary course Of business women
and vegetable called few i've and dollar
We heard Of nothing more.
The specie freight by the Webster
for New York and 5000 for Havana Total $300 This Is
great falling off from the amount reported.
We alluded Monday last to the calls for specie for Mobile
and attributed the selling Of exchange in this market
the Bank of Mobile We informed that not this
Bank which drew for coin. The cal by the Southern
Bank Of Alabama, and the amount forwarded $4,000.
While this subject 1t ia Of place to remark that the
Bank Of Mobile is the only moned institution in the Southwest
with the exception Of the Merchants Bank Of this CITY, that
was that did not suspend payments In specie in 1887 The
Merchants Bank did fail in 1872 and proved bad The
Bank of Mobile therefore, Of all the Banks
in the Union as having passed the ordeal,
There as very little done in the streets Some
rng amounts negotiated Of good at 1904
cent There little offering through brokers' and
those wanting squeezing through in comendabe
manner. s7
Exchange ia about blank Some sales Of clear sterling
made to-day at 97A Bis+wih shipping documents
|
about low they well be and called salesble 550
565 about the figures. Some time bills New York
fering at 1914 discount and is talked Of but we have not
heard sales and might well there actual
quotations other than for checks New York. which two Of
the Banks furnishing in small at l@lk cent
premium. Ig +-s-
There negotiations going for Bank Of Louisiana
Stock they had reached late hour
thing dong in bonds The last sale heard of SO 900
six cents at IT, The Governor Of the State paid
In August. .4
The New York Evening Post, Of the Goth ut, says:
An has abroad that the Bank Of Commerce
pondent il Phadephs had large Of collection paper
that nstuliea We have aseertaned that every doa,
from
The alluded to doubtless The explanation decline
in its stock The sales of the fs second Board
no
country.
About Commerce we have great faith
Black Republicans the deepest dye and though
It the depository drawing post Of the Canal Bank Of this
city well the Mechanics and Traders Bank have
faith in its kindness towards the South and suggest that
these Banks clear themselves the charges against them
In Louisville KY the strongest confidence PREVAILS aud
less another crash takes place New York there
for the Banks in Kentucky unless two country inu
tons be called Bank The last Louisville papers remark
as folows THE people have confidence in Banks and
happy feel that their confidence misplaced Our
Banks really in better condition for crisis They
could not have been caught better condition They
have gold In their vaults and Eastern exchange aud Southern
exchange and the notes of sister Banks that good while
their circulation less than has been 1884, They have
contracted their circulation several millions since the beginning
of the year They all right far learn,
and nothing but crash in New York New Orleans both
combined, would effect Banks.
The of the State Bank Ohio the
Bank yesterday though have doubt that good
The New York papers with lists of failures,
but only from Kenucky-Ward Nash, and that they
parade day after day."
As everything relating the of Banks great
interest at this moment give the following from the Nash
willie American ...
BANK NASHVILLE Sept & 1s57-In consequence of pre-
Bank causing large number Of deposos withdraw
funds besides heavy demand for coiu have been forced
| to suspend payments for the present.
We beg Of friends take action in the matter for
few days until have had time for reflection the
to be pursued Our ample pay all liab
| ties and they shall be faithfully applied. 49,
| ". WHELESs Cashier
To place creditors of the Bank doubt
security be used in the Of necessity reservng only
enough to pay private Indebtedness which IL small
W. WIRELESS.
During College street. Bank
Union street. near its with College were filed with
anxious crowd of attracted by motives of Interest
curiosity and considerable excitement prevailed The doors
other free Banks in the vicinity well of the State
Union Banks watched with anxiety and various
INDUCED in whether they would the usual
hour When O'Clock they all opened their doors
the public anxiety considerably essened and little DISPOSE
produce panic The crowd began gradually disperse
and although the places Of those who filed
the streets are nearly clear and public confidence in the entire
| solveDcy of the city Banks restored