New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-03-25
Ne@ 0rleans 4aiIp Gresftut.
FRIDAY MORNING. MARCH %. 1s5 lg=
Ntu 0rItans Monsv Hlarket.
CREscEsr oryIcr, No. 70 Camp sire

| CoN~'"S CLs"SNA+s
0H1 Tss,.s.2 Essn5 No. Z
| Under the favorable advices received yesterda,
| our general market, commercial and financial, ba
been very strong to-day. Though the calls on tn
banks discounting were very moderate, they wer
pretty heavy for tomorrow. There is an abundan
supply Of money available at low rates for onr maj
ket. Some dealers in securities havo purchase,
country paper Of repute and standing at very trfn
variation from the regular rates of that guaranteed
or obligated by city names. The banks, however
cannot countenance such paper they would b.
speedily hauled over the Goals by the Board of Cur
rency. But good and punctual residents in tn,
country can realize at lower rates than they ever dt
before in this market If they cannot in bank, al
the phrase is, they can outside.
The Exchange market is the grand feature of thu
Times at this moment. As we intimated two day,
since, advancing tendencies, particularly in New
YORK funds, were paramount. We have now to mote
that the rate of par for checks ruled to-day Outside
there were sales of sight drafts at 04 dis, though
double AL drawers would not draw lower than par-
that Is, the regular bankers or drawers who deal
aitogether in exchange. Some hints were thrown
out that an 9TH premium could be obtained. How.
ever rates must remain for the present at par unless
something unforeseen should turn up. Sixty DAYS
SIGHT was taken at 1a@1s dis. The banks, or some
Oh them, were buying at these rates freely. In
lorelgn pllls there were some transactions. Clear
Sterling was taken at losa@109 for the general run
OF Names the range of the market being from lOsa
gl09t. There is very little required for direct re-.
mlttance just at this moment, but 1O9i0l09a will
cover the demand. Document bills rule from lOsa
iOsa and fraction. No change in francs, and the
decline in the war feeling leads to the expectation Of
an improvement, though 5ls3@5I33, the present
asking rates, may be deemed tolerable high
The demand for bank shares continues undated
in fact the prices for some have advanced to fabulous
figures We note to-day the sale of 224 shares Bank Of
New Orleans at los; 40 shares Crescent City Bank
at los; 5 shares same LOG; so shares of Carroltop
Railroad s373 paid, at s25 This is the first sale Of
this stock we have had to record for long time
The receipts of the Company will be greatly aug
mented this season, if boats provided to run from
the terminus to the lake shore suburbs this summer
There were also sales of City Bonds, say SIP ,OoO
consolidated on yesterday at 944. To-day, 900 al
942 and s2l 600 at 95. They are steadily advancing
The sixty days time for receiving subscriptions to
increase of capital to the Merchants Bank having ex
pired, the books closed three DAYS since, The
unsubscribed balance has been taken or such mart
the increase as allowed to be taken by the origi
nal subscribers. The capital stock will now be let
up to one million of dollars as the instruments become
payable. The stock has now advanced to 1884 OF
the open market, but round amounts are not obtaina
BILE under los.
The new building of the Canal Bank is about com
pete' outside and inside. 1t adds greatly to the i'm
provements now going forward on Camp street, and
of oil
Camp and Graver Streets being on one of the great
thoroughfares (Graver stree) direct from the steam
boat landing to the center of the cotton trade Car
ondelet street. and highly convenient to the Western
trade-et alone the great advantages to be derived
by residents on Camp street and environs. The in.
side OF the building intended for banking purposes is
wen arranged, with single exception, though the
exception alluded to applies only to single desk,
and not OF very great importance yet the talk is it
Is rather IN too close proximity to the street, being
directly In front Of the most public DOORS SO that Gu
rloslty may be invited or drawn at times at GER
tam hours. OF two certain days in the week. Take
the building altogether is well and faithfully con.
structed-well adapted for the intended purposes,
and when Camp street is repaved with square block
stone which will be during the present season. and
the new hotel undertaken, the eminence and former
PeslSe oi tlls great thoroughfare will return, and
its temporary depression be one of the things that
were.
The following statement which we take from the
report of the Board of Currency to the Legislature
exhibits the magnitude of the business of New Or
leans.
One of the most important items of the business of
the banks appear to have been overlooked by the
committee. In calling for the various items, say dis
counts, collections, deposits and amount of checks
the important exchange transactions appear to have
been overlooked. This branch of business is one of
he fundaments of our gigantic commerce.
STATEMENT shoinq tie ta.a, or Collections and Dis
counts made by ne strtra Bands Of Nen Orleans and he
fosu' amounts deposited isih and checked duriun s
t@etee months, ending 5la December, 1855
Banks. COLE ctions. Discounts. nelosits Checks
,zen, Bank 81 1857 s23 495 s27f 500 54 Se73 SO lis
anal Bank. S,5IS90J 5,23iUO 81 $4,000 3l- nm
Sk Louisiana. 10 G29 Isl l3S5aJ4 9S UaS33 81 ss3
a. state Bank 2s 29 ls35l43 29495425 2l674I975
,. Trsds i, Rspk se5 81 $4,000 so2se4e 4aos7so
.ahk Of n o G9S6 S,433,520 la33l7,29l 5l,5627T
n4n hank. s69,n2S 7,355I4J 72,6l7,u72 7l370726
oh thern Bank. 3,96eS5 1856 3U67a2gi 2e9sS Sg5
ierchats Blk STA 5a4 lG4t24 .Ili74S ., s10 a. |
retceut City Bkl S6f, 1856 G54S65 3s3lu0l6 376SSia
'k. OF Amer 1871 3i4l23 25SiS 4t6 26 l36 $40
S9S,'NSls el472s6l LOSS, SIG l56 90, 423 9a4 |