New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-05-02
The changes in the active movements for the week
ire decrease in each and all items as follows:
The following figures show the variation for the
corresponding week last year:

The law passed at the last session of the IepisIa
ture regarding the settlement of exchanges and
balances between the different banks went into opera
ton to-day. 1t acted like charm among the banks.
though some bank officers and clerks did not under
stand the workings, they will comprehend its require
ments and appreciate its benefits after two or three
weeks, and thank the projectors of the measure for
the same. The public at large is also more or less
interested, as the settling day between the banks
falling on Saturday the day of the closing up
the weeks business, and the general departure of
steamboats,, as well as being day of regular depar-
ture by the railroads has caused and will hereafter
cause i'll the active season immense press of bust
ness at the counters of the several banks therefore
the law will be more fully appreciated as its merits
are exhibited in its progress answering all the pur-
poses OF Clearing House, and in one important
point allows bank clerks to give more attention to
the ordinary business with their patrons. For two or
three years past on Saturday the counters and desks
of the paying and receiving teers of the banks have
been so crowded with the boxes and bags of coin and
attendants that patrons and customers having oldi-
nary business with the bank have been obliged TO put
up with more or less detention. This is now in a
great measure obyiated by the new arrangement
moreover, it will give bank officers and clerks an on
portunity to close up early Saturday and take a
WV VI upNli VII InereOt.
will require during the summer. While abiding to
the settlements of the banks on Saturday why can.
not the day Of settlement be changed to Monday?
This will give great relief to Saturdays business at
the banks as Saturday is as before remarked the
the day of general demands and closing up This
suggestion is VIC think, worthy of the attention of
the Board of Currency, though the original law
establishing the Board of Currency indicates Satur
day as the day of settlement yet for many years the
day of settlement on Monday, and subsequent
legislation authorizes once Il week. not designating
the day.
The Exchange market was firmer to-day for sight
funds on New York. The bank returns show de-
crease for the week of over half million of dollars,
after having reached the highest amount ever before
attained. The counter rate for checks was par Out
side par0l! dis five days sight dis. Several round
sums-that is, sl5 O00@s2O 600 each, were taken at
this rate III time bills there ISLES of sixty days
sight at 0la dis, the range of the market closing
at l9la dis, and some offers ut Il, which were not
accepted In foreign there were some few tlansac-
tions drawers are high in their petensions say lO9
@l095 The New York rates were high on Monday
last, and specie is going to England very freely by
every steamer from New York. There was very lit
tie done to-day in bills of lading drafts. 1854 1OS3
@l09 are the rates. Francs quiet. We note small
sales at j.l5, 5.l2995ll l-extreme rates from 5lSa
oslo.
The following is the comparative amount of ex.
change held by the banks for five years past on the
last Saturday Of April;