New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-02-18
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No. 10 Camp street.
"wednesday Evening. Feb II 1858,
Deiluess and Inactivity ruled to-day In the money
rna1ka SCARCELY rppleno negotiations whaieyer
quotnsion We have, therefore, change 10 rates TO
aaa 10 this evening The calls the banks large when
placed ii jaxapeaon with their receipts Discounts were
consierBy m excess Money tending lower
rates IN Northern cities. There probability that it VIII
swe England o s present though il the reduction Of
by the Bank Of England 10 per cent should take
place viii be In view only for brief duration. The
India far fom being settled. The Of the
Baak Of England the 18Th Of January considered Of
the most issued The remarkable feature
Of pnhic deposits OF about s20O000 and
increase deposits the What electric
supsfabundence Of money viii have IS regarded with great
dab5nsn bs pArea The Joint Stock Banks IN London
s31< par deposits The returns Of the 10Th Of
Jaauay shows an increase q buiou In the bank OF soOo
hut aahef variations were not large
The systea Of allowing deposits far the
pulie Is extremely doubtful The practice
placssbans fooHng Il the footing with brokers in
aci Is reasonable that bank allowing interest
general deposits performs the occupation Of brokers Office
Il aegehs satagoniseai prudent banking for bank to
alonsest deposits particularly when such deposits are
call payable demand II been suggested that such
caarse aopted by would prove advantageous II
would prove directly the In fact, than
half deposits Of banks made day and drawn
next hundrsdsof drawn ont before o'clock
Of The day. Generally considered the local line Of de-
pcasio majority Of banks the most unreliable kind,
many do not for tho trouble Of keeping tel
iers conduct them.
The xchange market we left under heavy feeling yeser-
day II Increased to-day with decline OF fully ees per
cent what arc termed fancy signatures Of sterling
10 leq her fair good clear bills rned at lQ9Q7< and 1854.
Bills with shipping documents ios9lo5s< and 1854. There
Al Kids 81 Bank drafts for direct remittance held
ine1aby we'll fha bulk Of the sales Of bills adng at
hsi0s but extreme were mentioned before. Francs
also tendency downward Some sales made at 5
952zk oshess sslszl Thsfvey best Paris direct
could not be placed at 5 Northen funds slack
comparatively but Che demand torpid The banks sold
Mas Yarka Al
discount ard 10 extreme discount Five days sight
OK discount DAYS sight ss thirty days sight
discount sixty days sight IAa and "a up 2S2s< DIS
count Tho of the "a AZ DIS
co Sight funds IN good request and haa their
phrnse hfmy. For time bills and al foreign hills the
aFket closes exceedngy heavy with prospect Of further
decline grades. The Indebtedness EuFope
fGr1qudad that the demand for foreign bills must depend
faturs importation and IT believed that they will BIS
sosle for months.
The we're no ssnsactons in stocks to-day We note some
small strargag sales q State Bouds in New yOrS so9s
onl, n sums Of q, 900 however.
sppesrs the banking interest," with the aid Of brokers
enaeasoring dpress the Treasury notes Of the United
States The New York Times in recent article says Th
Interest making its islt and 20 the attempted dlscred
Of the Gofernment much so that beginsto be prncea
question whether the latter ought c feel called ppon
ssanliah Daoba paper issued te deposits Of bullion.
The cpnyenence Of the pnb the credit Of the Goverumei
and the best policy Of the Treasury would be equally eonsue
By such There Is only one w~ IN which Ii
Secretary able please the banking interest," and this
Is IL hs direeou Of their own relief Of panic
has Withheld this aid but that he Is made lem
peFary borrower himse he Is met BY Eysemac opposition
unworthy intrigue. perzsverng efforts aepr,
ee public credit IN order expensive direct oa
epn he Government Of higher rate Of Interest on the f1ea
uls laih
Nhent H<p bills hIst announced It minated hs
they wond ony be recognized bank bat would be mad
the medium part The daily through
out the Clearing onze. Bat all this Withdrawn after
eppeon % the Secretary organized through
the ssfeonsiused leading hankshe attempted
drss and eiu,e the State currency three months agoan
witnne honorable exeepoas the whole power Of h
Asoriatsd Banks through intrigue with obbef
Waniheton brought against the three per
bills This treatment. rspsz indscnzs the Govern
euf and pnrpseiy desgned damAge public credit
Tie Courtesy Of Mr.. esb6 consulting he osixinAIy AID
ths apnioa Of these parties rather than following
Of aofa.r sentiment which wcald have sanctioned
sationsi paper n nominal interest," throwa away, Ii
s<rnn HAT he did make istAke acting
when he gssou feproauced By Mr. McCalloeh
ser6i tPpss q bnil9n om he peeple aud issuing b
cefass in coin receivable for Customs
epsian II ne holder. ~ q
rhs nhisf been al hist looked for BY he
fs psrsies The Departments has encountered dcalty
sns Treasury bs and the damage V that portion Of Il
holders are occasionally driven into the brokers' She
When conpeled they occasionally 70 their bills
payments hank. 10 iess isn oaehalf Of cent Ar
1Als "a than real OUTSIDE buseEs Of n bill
tIez for The interest they bear % pay into
Custom oals o. feF exchange IN te Interior bear vi
Ia Of i've they dened The SlEhle
ahAemepsssn eighth Of per eea The eensequen'
4 o. he nses paid IN cesa snd app
esa for he bi. esuuuss Be usds e the snbfrsssaI
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