New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-03-29
Ntfu 0rltans .4aiIp Cr.stent.
TUESDAY MORNING. NARcH 10 1a,a
Nsm 0rltans Munsu Mark.t.
CRESCENT oy,ro., No. 70 Camp street,

Monday Evening. March . iass |
In some respects the week opens quietly. Money
appears to be drug, and good paper scarce. The
offerings in bank for discount were moderate The
Exchange market was the most attractive feature Of
the day. Parties who have been making their ar |
rangements to place funds in New York at from la
l dis, are now suddenly met with t@} premium a
considerable of difference in large transactions.
However, the general market opens satisfactorily,
and though there is talk of combinations in regard TO
exchange, it has no foundation. Each bank, every
outside dealer in bills work separately and indie
pendently The chief transactions to-day were the
sequel Of the purchases of cotton last week and the
week previous. Under large demand for produce
the market was strong, and drawers of Northern
funds had it about their own way The counter rate
at the banks for checks on New York was 1 prem.
Some had good demand, others moderate. Double |
AL drawers outside sold at prern and largely. |
Other good sight bills at par. There were other sales
Of round sums at Lie. Short sight quiet. Sixty
days sight at L. lt@l4 discount for choice to good
names, with some transactions at which cannot be
called quotation. Sterling clear bills ruled from
1854, 109@109. Some few bills were sold at 1904,
while the banks ask lo9s@l09a The large dealers
took at l0sl@l09t, which was the rate at the close
Of the day. Document bills are in better favor since
the prospects for speedy dispatch of vessels loaded
with cotton have improved. Very little doing in
francs. We quote 5.174@5l5 for the best of names,
and 5.214G5.l5 as extreme rates. Take the exchange
movements of Saturday and to-day, they count up
very largely fully one million and half dollars.
The Stock market was rather quiet to-day. We
note sales of so shares Pontchartran Railroad TIL
20 do Bank of America at ia Is do Crescent City
Bank at l05 and the same price declined for other
parcels.
We had fine weather to-day, but the delay in the
receipt of later adviees from Europe, checked the
ardor of the last fifteen days. and the day waned to
close without ripple in the commercial and finan-
cial horizon.
We learn that the consgnees Of the contents Of the
iron chest of the Inflated steamer Princess have paid
224 yet. salvage the bank notes recovered. There
were some boxes Of specie board which, of course
not being in the chest not recovered. Of course
salvage on drafts which were identified was not ex
acted at the ratio. The total amount of drafts
bank notes and checks reached $4,000, but small
proportion paid salvage at the rate of 22s yet.
Savings institutions acknowledged in all parts
Of the world to have promoted thrift and economy
and in no part of the universe is daily labor and in
dustry better paid or compensated than in New Or
leans. By the benevolent efforts and exertions of
few citizens an institution of philanthropy and charity
has been successfully organized in midst devoted
to the good and welfare of all, particularly to
the laborer, mechanic, and those who obtain their
living in subordinate stations of life. The New Or
leans Savings Bank Institution was organized in
1866 for the benefit and advantage of the saving in
dustrous and economical Of all trades professions
and vacations. It has prospered from year to year.
steadily enhancing in credit and good, and is now
firmly and permanently established. 1t is managed
by Board of Trustees, comprised of some of our
most wealthy and solvent citizens, above want in
every respect and of COURSE they are only governed
by motives of benevoence and the desire of aiding
the prudent aud meritorious of those who are de-
pendent on their daily labor for a living.
1t is gratifying to observe that good share of de.
positors from that body of citizens known clerks
and mechanics. We observe only 1875 aborers among
the number. When it is known that this class of cti
zens, those who work by the day on the levee, dis
charging and loading the many ships and steamboats,
that visit our landings, counted by thousands,
and other laborers by the same ratio, and SO well
compensated and paid, l35 is very meagre number.
No wonder that our hospitals and the benevoence of
our citizens are yearly taxed to immense amount
when only few hundred of laborers and mechanics
take the precaution to husband their earnings and
guard against sickness.
We are grated to learn that the line of depositors
embraces much enlarged number of professions and
vacations than last year, and that it is steadily in
creasing. AT the same time, from the high compen-
sation paid to all labor, and the large paid out
from year to year. the amount of deposits ought now
to reach 81 900 900 instead of s265 900.
STATEMENT of the condition of he Neu Oryeaa. sarnos
Institution, on The 3lst January, 1859
Received from :, 496 depo,itors in IL, $40
, depesits SlS,417 IS
Paid in $40 draft s................... 1852 Il
Amour, credit of deposors $50 %
CERTIFICATES DEPOSIT
Amount outstanding Vi this date 1884 90
INTEREST ACCOUNT.
Amount at credit, after paying 7, h semi-annual
DIVIDEND. 9pS0 81
Surplus profits for three years, ending Both April,
1858 1856 %
s.65eo2 90
Expenses since LIST May, 1855. s246l 81
ORLEANS CITY STOCK.
On Si20,0 900, issued to the New brleats,
Jackson and Great Northern Rail
On 81 ssna uo isI"sd TO OPP vi wv W
Iausas and Great Western Railroad
On s;@ &C., Consolidated city Bonds i isSS g
On s4tOo, issued to New Orleans jackson aud
Great Northern Railroad Company 5000 90
LOANS BANK STOCK.
On CT shares State Bank Louisiana. $500 GO
LOANS AND MORTGAGE.
On proper y in the city If New oreaus worth dou.
bic th- amount loaned 6S10O 90
INVESTMENTS.
81 coo City Bonds owned by the Institution, cost
ing ................. 800. 2ol70 90
In Bank ou,na Observation-Disclosures 81
1850 As
SOS, COZ %
Whale number Of sccouns opened since
nltncc1tht 2,igo
Whole number Of accounts clio ed ........... l463
Remaining open at this date. ............... l,u33
SAMUEL JONES' Jr., Secretary.
8ebitlu Of tse A|arkets.
CRESCENT OFFICE, No. 10 Camp street,}
Tuesday Morning, March 20. 1859.
COTTON. Parties yesterday were generally wait
ing for the steamers news considerably past due and
the sales confined to about 5000 bales. Holders
claimed very full prices and the business was done
mostly at outside figures.
NEW ORLEANS CLASSIFICATION:
'as.'sr sssssss
Good 9t,!,tinary @ Miad'ins Fair. .Hsa@ls
STATEMENT OF COTTON.
stock on haud lst September bales. 44s
Received yesterday. BASIL l23