New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-12-04
THE COMMERCIAL DEPARTMENT.
Nth ORLEANS Stlontr Nlarkft.

/
Nem OrItaas Ilontu Nlarket.
| CRESCENT o.rrcE, No. 70 Camp, street,
tas7ss Thursday Evening, Dec. 5, lS57.
respects quiet in others they
Cotton, exchange and freights Inactive Money
in fair request without any large offerings paper Tho
Of Louisiana discounted moderately to-day Theo banks
the Southern Bank very ushlargely very largely
above ruc or it expected
banks operate with freedom. Bank of
Robb doing something in exchange and dscountinE
amodarats sxtent.,ss s r 1875 s5 i+ftss4se
Wsnotice thxt tho Bosr Of Currency published state
mont remark that official notice has the
sce Of the Board from the Union and Mechanics and
Trads Bank that they have resumed specie payments
only oversight and it is presumed intended as any
despect to the Board Every Knows however, that the
two banks have resumed Now then will put another
question: when these Bank Of New orlean,
payments fer short time they give hume
dae notice to the Board Of Control they had
The sooner the late suspension buried in
the better cannot in fact DO called real suspension
from the second day following the 14h OF October the
banks redeemed their small issues. .=l .t5ls7,l
there is statute requiring any bank give to the
Board when suspends payment should glad have 1t
pointed out. r.. .f'i- " z
Messrs Pafey Co. hold regular sale OF stocks bonds
and scrip Saturday Bargains are always to be
had by attending those sales. 81 &
Stocks and bonds improving rapidly We note the sales
to-day Of 100 shares Caual Bank at ll2sn advance Of 81
81 Citizens Bank at aD aud some move
ment In bonds not made known In New the 18th
there smother sale Of Louisiana STA further
advance over the previous sales. seaga
The Exchange market to-day had dropping appearance
Sight New York sold at 202& discount the banks
selling checks at cent discount though bank
asking y discount it wasequvaent to desire not to draw
ALL We can only quote yesterdays figures guide with the
qualification that buyers insist lower days
sight New York at cent discount 60 days sight SOS
per discount Sterling with shipping at lOl
102t1S clear bills 10s@lN Franoss70a55o.
The avices BY the America looked with dust
than willing to accede to- II expected that the
egence would Of Peabody Co. had
compelled to suceumb but instead Of that learn
the Bank Of England in sufficiently flush position
large amount Of If the bank loaned other
houses IN the ratio, must have been ush 1t
however, Bank England notes are
legal tender payment Of deposits We suggest that all
who have doubts about the Americas adyces
arrival Of the correspondence The Bears becoming reve
and predict thing Of worst character Some
them viii hardly admit that the bright day yester.
day and beautiful cheering weather on
the universe. We expected against cotton England
about the close Of the year Mr. stubborn
usual and Of COURSE have variety Of
destructive and adverse American interests Cotton
will not escape us ~. ii5s1 ". its& s6bt
The European intelligence particularly that respecting affairs
which is reported have by telegraph
aon Of the folly Of expansion Of paper issues respecting
money during the of panic evulsions BY the
Vanderbilt received accounts Of the lh November among
them many that Of Queens Coun
instantaneous alienation II such the fact the relief
very short durationhst is if the by America
week later to be regarded Of any consideration
Failures and suspensions be the order Of the
hs between the l4h and 2 In concessions
granted % the Bank to expand Its issues This confirms that
the stand assumed previous and during the panic our
banks could not ought not expand their discount ne
their exchange transactions fully and just
condition would community have been this time IL the
Bank of Lousana the Canal Bank and Southern Bank
have been offered September and early in October
cotton at l4l6c b When ponder this subject
asonished the fearful and terrible effects community
has escaped Have we not cause for thank fulnesss
The New York Enquirer says the Bank Of England
The bank commenced business in 1895 with fyfonr assist
a IL e y ysa ss S the
nd sr sas u ss Ss ss 81 e The
o which meets weekly when read IF the
~ # pss ssS and s
q the they might Eight Of them
pors On which he u he bank are
e. fsAss
Count q m and he agls g
many are 50 well vered in matters When
# +
the Of the bank TO the q the
II
only ssu aon ON q and when The
retained their previous They responsible the
soee Certain siaae 20
sions but by the charter they responsible
management Of the monetary department government and
s whole which the public have for that
peculiar feature of the Bank of England its circua
tion Is that 1t may issue debt Ell
sterling and scurilies such exchequer
bills etc. millions mors-makng aggregate of u mllions
change for notes Thus the Of the bank the third
week In October was as followss
Government debt OILS 100
vernnent securities. 45a9OO
Gold coin and bullion in the issues department S7705
go 4fi q IL ~ I
Total am,Elnt issued ..................s232 52
Deduct noIes onnand III bank department 3,4S5U
Total in hand Of the public .sls7662e
The gold and silver coin held by the bank department
was only f592 600 to meet the following obliga 49,.
tons:
Public deposits 700
risate deposits II, $685. 800
eeVen aay ps S94U0
fl6,9i5,O00 |
Although the bank held notes of e. nm
empoyed yet these were totally insufficient with
amount Of coin outward current OF gold to
the continent and to the East 1t is true that
debts. ' S Ff'z " " = f"''' W ~ |