New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-04-12
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TUESDAY MORNING, APRIL Il, 1850.
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CREscEsf OFFICE, No. 10 Camp styess
The week opens soso-that is, neither brisk nor
active Last year about this time there was great
deal said about creyasses and overiows. The great
crevasse at the plantation of Mr. Bell occurred on the
18th Of April last year and although daily re-
called with dispatches Of high water, crevasaes,
breaks etc., the general condition Of the country,
the stage Of water in the Mississippi s altogether
in favor of this season compared with the last Our
dealers in paper, our money lenders capitalists
have not yet brought forth their charts of oYerows
and localities. There was, however, larger bust
ness to-day in paper, much beyond the daily average
transactions Of last week. amounting in all to $175-
QUO, at the rate of get % annum for paper matur
ing in January next Yet. for twelve months date
$4,000 in one lot being placed at this figure, another
lot Of $4,000 at u, and divers of S 600 to
$4,000 each. The calls on the banks were fully up
| to the income.
| The Canal and Banking Company opened at their
| new banking house to-day, on the corner of Camp
and Graver Streets The location is central and will
give tone and improvement to Camp street. which
have been long wanting. With the Merchants Bank
on the opposite side with the several private bank
ers exchange dealers, and the branch of the State
Bank, it is believed Camp street will hold it's own,
aided by four Of the strongest and most substantial
Insurance Companies known located on four differ.
ent corners, with the Daily Crescent as standard
bearer.
We learn that another bank is in the course of or
ganization, to be known as the Western Bank. We
have not been informed Of the amount Of capital con-
templated, neither Of its location nor when it s in
tended to go into operation. There may be room for
another bank, yet we cannot discern it at present.
Possibly some Of those connected with the great and
increasing Western trade, conceive there is an open
ing for institution to be specially devoted to West
ern interests The yearly expanding facilities Of in.
tercourse with the great West probably encourages
the expectation that Western capital may be induced
to seek our city for investment and gain. We shall
be prepared to express our views fully when we
are in possession Of the principal features Of the new
| incorporation.
| The Exchange market was tolerable strong to-day.
The banks were selling checks on NewYork over the
counter at par and / prem. They were buying freely
at from t9l dis. There were also transactions of,
say three and five days sight at dis. of upwards of
100000. Double AL drawers held and sold their
sight at par. The transactions in time bills covered
sixty days sight at l, lt@14 dis. No change since
Saturday. We, therefore, quote from E@ls dis
with the market closing in favor of drawers though
the basis Of exchange is daily decreasing. The
operations in Sterling were large mostly at 1O9l "a
| 1904. We quote extremes at from lOslM1O9s for
clear bills, and l0s4@l03a for bills of lading drafts
Francs were rather scarce, though the demand
is limited. The business with France is nearly
over for the season. Some small sums are however,
wanted to pay expenses of those embarking for the
Empire, and further sums to pay for the millinery
and gew-gaws imported this season. the payments
now approaching maturity. We quote 5.2O@5I5 and
5.l3l for sixty days, and short sight from 5.12s@
| 5.0s3 on Paris direct.
| The Stock and Bond market is quiet Some neeo-
tations, however, were astr. We only heard of the
sales of 100 shares Bank of America at 1851 There
is good inquiry for scrip at low figures compared
to those ranging previous to the late fires. We can
only say to holders of scrip don't be alarmed at the
Bear movements We remarked in our last that every
person having anything insurable ought to insure,
and that policies could be obtained for any small
amount. We learn that the Delaware Insurance
Company Of Philadelphia, the Insurnce Company of
the Valley of Virginia, both represented as solvent
and sound, issue policies at their agency on Camp
street for as small sums twenty-five and ffty dol
lars; therefore, there cannot be any excuse for
almost every person to be protected Every kind and
all descriptions of property have an insurable value
under these figures.
Some typographical errors having occurred in the
Bank Statement in our last ISSUE we re-insert it:
Statement of the Banks of this Citu fol, the ,,eek
ending Saturday, Apra 8, 1859.