New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-01-13
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Tuesday Evening, Jan. u, 1855 !
There nothing Of extraordinary character ranspired
to-day money In there heavy trans
actions which will appear column The Africss
avces have impaired cheerful and encouraging tone WHICH
II not improved by avces by the North american
Of the 3eh fully due Porsnd they VIII receive no
check good omen to-day was the heaviness in Northern
funds The banks though asi Il cent premium for
checks New York had little and the highest offer one
prominent banks made for sight was 4 discount
purchasing small sums from customers at par
We quote sight u discount to = premium Two days
sight hs< discount days KOS discount thirty days
sight from 9l and l discount sixty days sight from 2
arr 81 cent discount for FIRST class good bills and
fair grade al 81 Sterling dealt in TO extent
ssy bills with shipping documents from l0S with
better feeling prevailing towards them than week
clear sterling quiet and dull though held advance
last week. We quots i0 loT@l0Tlz Southern Bank and
Bank Of LouiAns drafts from l0sSl09a recession since
yesterday Sight drafts held five dollars the pound
sterling Francs in better demand to-day. Sales
chases made from 560@65D and 5.421z. on is
moving brisky exchange will have bskly
II lower rates have be submitted to- The falling of in the
receipts Of will begin developed but whether
this falling of will seriously affect prices another question
There is great falling off in the consumption at all the manu-
factories throughout New England bat it viii in view
have any effect depressing prices We consider that
recedsd the lowest figure for this tits
quite mmaisal what views the Bears take at this moment
they will buy all they for negotiate exchange for
We did not hear Of solitary transaction In to-day
Capitalists and buyers i before the ends be pu to
their wits 10 mud Of epoyme and our banks towards
the close Of the fnd much satisfactory they
desire discount shall be mistaken Capitalists
hold onhey employ their money other sections Of
the country any greater advantage than in New Orleans
The stock market in better feeling The only sale heard
Of 25 Canal Bank purchased for foreign aecoun
not allowed TO be made pubc but, Of the
investment dividend of good anything below no
There negotiations for Bank louisiana but they did
reach This bank makes dividend of per
Monday There also sale of 50 shares
Mechanics and Traders Bank at S2 which Is advance
cha IN
way and though the usual semi annual dividend
passed will only lead increased July We
think all free banks for and per cent dividends
| Ia July next
We alluded few days bill introduced by sHde
in the Senate. regarding silver coin. We
intended enlarge the amount Of the legal value Of
the silver coinage from five to twenty-five dollars We
that this will meet with the sanction Of both
Houses Of Congress- II viii do towards creating good
currency and bansng tho small currency Of the different
Suites than all the legislation State Legislatures devise If
the could be extended y dollars would be
advantageous to New Orleans We are however willing TO
consider the proposed highly conducive. We
joiced that Senator question hand and
trust he will push the bill through early day 1t will
large shipments Of bullion and coin hthe which will
give greater employment 10 Branch Mint and through the
channels Of and the will supplied
III currency which will drive all the shin plaster manufae
lures and irresponsible banks and ALL into oblivion. The
Increase Of banks viii be speedily checked and the vaueles
hundreds Of them existing very vtals public
be forced into liquidation
In the United States Senate January s.
Mr. slide introduced bill amend entitled act
amendaoy OF existing laws relative to the half dollar quarter
dVlIsr dimes and half dimes approved 2lst Feb 1858
1865 the silver coins issued conformity with the first
q the hereby amended shall e legal tenders payment Of
Mr. slIde inmaied that such amendment wsud be the
He reference 10 the Committee on Finance expressing
the hope that said COMMITTEES would give its attention to it at
Liverpool paper l9h commenting on the panic says
That there is something that this evil ought
be that although individuals did wrong the many ought
TO suffer that the sacrificed the guilty
that the confident and the md suffer alike that the strong
man down like the weak and that while the merchant
afflicted with painful thoughts the labore that all
this indicates something that the is obviously
continued BY the policy mpocy, Of the Bank Of England
that gold poura Threadneede street. and that
people from directors Thursday reduction
the Of interest that the telegram however, was SILENT
that the per permitted work further mischief
that they manage these things better IN France that in the
bank there the Of discount ranges from
cent that quite clear nsncers have been long In
respecting monetary affairs IN France that the Credit
Mober to have disappeared long since but that stands
sill that has lsned all fond prophecies that it has
vived dozen crises that It has In point Of fact nulihed
pancs and looks bright renewed vigor that what
done in France surely might be done England tina. 1--WE
and per suffice there they ought suffice here
that did the retention Of the per by tho bank
tAnamonn extensive robbery that thing quite
TAIN stops trade that parayses business that there
literally nothing going coming down the railways and
canals and that nothing better need he expected until
| Of interest Is reduced.
Ths further talk that the bank watching the
ments In Hamburg that there Hamburg paper aoat in this
country the Of Sc 100000 that much
more maturing in Germany that the future therefore is full
Of anxiety thst Hamburg is the Liverpool of the North of
Europe that Der exports and imports reach slO0
year that the nature Of her traffic permits incredible
Of accommodation that bill due London by a bill
drawn Frankfort and hundreds OF bills do shutecoek be-
tween Northern ports this admitted of OVERHEAD
ing and that local house has in sge circular denounced
the practices Of their native city and openly ascrbes the crisis
In Germany rascaty Of their neighbors all this
however, may the result Of passion rather than fact
the preumpons that Hamburg has been than
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