New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-01-08
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CRsscEET OFFICE, No. 7OsCamp street
Thursday Evening. Jan. I, 1858
There good demand for money to-day Two da, pay
menta had to be provided for which called into requ all
the available Of those who could realize There was
only one bank dnonug The thereon were large from
The numerous attendance observed about the desk
between the hours and P NJ On the was also
good inquiry for money without any large sales being made Of
paper Buyers capitalists appear waive operations at this
moment.
The prominent feeling to-day was in regard to The hills
drawn IN this city BY Aess g. W. Oliver on Klmgender
Co. Liverpool Of which the Qaiter house) failure was an
nounced yesterday. The at first be f40OO
thea receded f80OO then $4,000 finally closed at
$1,000 between which f5OOOO think will prove to be
the eaet amount Whatever the may returned or
unprovded for it is we'll divided on Institutions and
parties who bear II.
The cotton accounts received by Atlantic do not appear to
be 80 very certain dispatch from Liverpool dated At
oeosk on the sd ut the hour Of departure the Atlantic
the Manchester did respond to the
Liverpool" II will be best for all the arrival Of the
private correspondence.
Exchange all Tound had heavy feeling to-day ihoag the
banks sold on New York at 4 premium there were
sales Of private bills from SOL premium broad range ex
lists between sight short sight and % days sight There were
sales Of good 6O days sight from 84 per cent discount
and other grades at ssH prem There hardly be mora
profitable business than investing in Northern funds 90 DAYS
sight, At SD4 per discount Credit il not vet oh
soee and good produce bills the foregoing figures we are
sure, sa Investments to the initiated In Startling tsre
were purchases Of bills Of ladng drafts lOS good clear
the drafts Of the Southern being In request AT los Fran
dull. We can only quote 665615 say
Al meeting Of the Board Directors Of the Crescent CITY
Bank asl evening, Mr. j. j. Person unanimously elected
President The bank is fully opsrato-thc notes are
signed aud will be issued week. whenit ia presumed
| regular days Of discount viii be detailed.
Our dates from NewYork to-day to the evening of the b
| nlt The Post of that date says.
There change In The money market worth, of osn,n
The full weight tho holiday dizziness Is Observable in almost
every department OF business The supply OF on cali
plentul and with proper security can ohain
all they require Paper negotiations BY means easy and
closed ngy fat yesterday afternoon and b hat sre
held At os1 early in the day offered Nicely at O9 al the
The business done very moderate and remtes were dis
posed to await the departure OF the Persia The shipment on
which insurance can be obtained A. V w. .a ny iot
siderable engagements. The Canada from Boston s
in specie on New York account, s560,S75. ~ $50
Tbs remark has often been made and very propsrv If Tho
great inequality Of banking system The banks chartered
or working under the act Of 1872 have many more privileges
aud advantages than the banks organized under the epe
banking law Of the State The general facilities operating in
favor Of the chartered banks have created The pr that
The free banks could not far regular returns to ochod
ers are considered possibly make favorable dividends Not
wiihsandns the free banks under the closest restrictions
which restrictions have been nimical 10 largo nra
the recent annual statements Of free banks 10 their
holders are deemed highly satisfactory as will appear bv The
saejoned statement Of the Southern Bank which after having
diFdenis Of per cent for the year shows surp r
s2o62 which eonhmatoy Of prudent and discreet
ment We also learn that the bank has exchange In
from the late revusOn and the present low value Of pu
stoekhoders we think confidently rely on dividend ar
per cent in July We also annex the yearly statement Of
the previous II will be seen that Investments N e stoe
Of free banks viii pay
Sautf.4 g. =.