New Orleans daily crescent., 1857-11-19
Hen 0rIta.ns AaiIu 6tssttllt,
THE COMMERCIAL DEPARTMENT.
4sm Orleans Ylontu Nlarkst.


'sssss.s Wssas.s.9 o,E,ss Esssss r. sss s s.p
The business Of The day opened very favoby Towards
o'clock known thst the wires conveying
brought by the steamer Niagara Liverpool
7h nst and though they rather unineHgibie IN
respects the worst construction placed Sufficient
received to chick operaon particularly cotton and
sterling exchange In domestic exchange very ls
change perceivabe. sf Ee
The money market today tight There . dasly
aeoration tending In favor Of The Bank
the Agamemnon Of institutions extended s discounts
This augurs we-st the time $3.50 in line but
its managers conceive prudent restrict their operations
The Bank Of Loui,iaus had surplus Of $4,000 OF course
will be known whether they
ought expand In view, Banks all
disposition grant all Reasonable facilities The public
must however, consider that watchfu supervision
every bank by the Board Of Control which Board in
be as the duly delegated financial
position Of New Orleans and blended with commercial
that In fact the Board Of Currency has almost unlimited
power for veal III the destiny great emporium,
The transactions to-day in limited Some small
Of Al 50 days were placed at l2 cent Capitalists
looking about and is evident that there decline
4 in before long. 5
Every bank in the city Is resumption
hardly for the csrpetbsg be paying
the city to learn the vaue Of the
their bags It must however, be taken into consideration that
shavers and brokers generally in distant consider the
Of their trade depess solvent and
and good city must not expect TO be considered
| an exception. 1a
important feature Of finance to-day was the An
nouncement that the private Bank Of James Robb will
after be organized joint stock bank under the general bank
ing law The charter will be found in smother column Tb
places the bank at df wane In the highest scale
OF confidence and worth. Under the organization 1t will
that p N Wood has been elected President and W.
Mount Cashier-names well known to conmunity-sndf
hardly necessary remark the confidence
and faith reposed in the Bank Of James Robb.
The exchange market this morning commenced with consider
able activity Clear sterling bills advanced to 1G19l02k
but after The Nagaras accounts known to be at hand
they fell of and cosed at 0l@0 Bills with shipping docu
99S to 99 Francs improved and went 70
Sos Sight New York offered in abundance 2@2
discount One days sight taken by Of the banks "a
as per discount Three days sight cent discount
Most Of the banks free sellers Of sight New York at
cent discount others asking " cent? and
that The Market however, closed sluggify and wit
downward tendency particularly for Northern funds
The usual weekly sale by Paey Co. will be held on satu
the 2 at the Arcade There will be offered bank stock
railroad Stocks bonds, insurance scrip insurance soc
fact usual variety will be offered Those wanting bargain
will do we'll to attend 55..-4t-4.rs l.
have heard great deal of Northern banking, and
city has, believe felt the effects Of it, The first bank Of in
poance t suspended payment the Bank of Pennsy
in Philadelphia. examination goes prov
is hopelessy nsoven that It's stockholders will
receive doar-hat its late President Thomas Aibone WI
resigned the plea of healh departed Europ
his accounts deficit two hundred thousand dollars I'll
statement below exhibits the position of the bank The
depreciation of the stock will be duly noted 1t charged III
the OF the bank have been largely engaged
heavily sugar operations. The general betwe
the banking system Of Louisiana and Northern States is
great rressiby in of Louisiana, that
prsed that Legislators do engaft similar in
State where banking Is conducted
The committee appointed the meeting of the stockhode
of the Bank of Pennsylvania reoanze the Board Of Dre
will day be able report their action and
affairs of the institution will then into new hands the
sentiment of the committee being to contnu
of the old Directors The last statement Of the sas
bank which has before the public, made in Nove
e 1856 and published follows: