New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-11-19

Construction bonds
Opcousas Railroad Bonds transtracons
There have been no transactions in Insurance
Stocks this week. The late fires seem to check the
desr: to invest at this moment Scrip of the seve-
raj companies has also felt the effects The as
sets of all our companies are sufficient for all
claims in fact the losses by the recent fires have
been special not general; many thousands of dol
lars value destroyed not having been covered by
insurance.
The offerings of uncurreht money have been very
moderate this week. In times gone by it was a
very great feat for many of the banks in South
Carolina and Georgia (and the practice prevailed
till last year, of making large discounts at long
date, either for notes payable at the counter for
drafts called exchange on New York, or payable
there the proceeds of negotiation were stipulated
to be circulated in different localities at distance
from the place of issue. For instance, discounts
would be granted that the proceeds of the same
should be taken in the notes of such banks (grant
ing the dscounD to be paid out in Texas, Louisiana
and North Mississippi. Very often, however, the
notes, without being changed or the packages
opened, would appear before our brokers and
dealers, fresh and glossy, right from the cashiers
hand, nicely done up in packages, and perhaps not
of the bank. They were purchased by our dealers,
and by the next mail thereafter were forwarded
home for redemption or the amount to be placed
in New York. This mode of fnanccering did not
pay; therefore, there have been very few parcels
of South Carolina and Georgia bank notes appear
ing in nicely done up packages this season.
We learn that in st. Louis there is very little gold
in circulation. The banks in that city sell it at
prem, and what is taken in pay for it, is presumed
to be the issues of the banks of Ohio, Kentucky
Indiana and Tennessee. This may be called real
unadulterated shaving. 1t is to be inferred that the
standard of Missouri currency is paper money, or
what is termed money. Gold is sold by the banks
at premium but we are not informed whether |
they allow premium for it when paid to them for
debts and obligations 1t may well be inquired,
/" where is all the gold that has been paid out and
distributed in the State of Missouri particularly ST.
Louis, by the General Government alone during the
past three years?" Is the real currency of gold
and silver merely an ignus tat,uts-a humbug-that
the issues of thousand and one banks (the pretty
pictures they may be called) are constituted cur
rency of the great Western center, st. Louis?
There have not been any receipts of silver or
gold, either in coin or bullion, this week. Mexican
dollars would command 1861, but they are non est,
and arc likely to be scarce until the General Gov
eminent, particularly that Secretary of tie War
Department at Washington Called by courtesy
clear the Rio Grande frontier of the
brgands which nfest it. There are two millions of
dollars awaiting shipment within q short dis
lance of Matamoras and Brownsville. In American
silver coinage an advance has taken place. The
Branch Mint is turning out very limited sums, owing
to the want of the needfu to be deposited; more
over, buyers outside are rather better and more
fully posted up than the Treasury Department at
Washington, and avail themselves of their informa-
ton to the detriment of the public at large. We
suppose it is all right. American half dollars have
and are now purchased at I DISCOUNT by
dealers, with weekly diminishing supply Land
have been in more request, without any
material advance in prices. The changes are
quoted in the figures below:
We append usual weekly quotations of coin
md uncurrent bank notes, being those Of John
Wood g. Co., Camp street: |