New Orleans daily crescent., 1860-07-03
Nsb Orleans 1ailp Crescent.
FINANCIAL AND COMMERCIAL Department
,aeu ORLEANS 1flunsu fflarhtt.
cassczxr oysteE. 70. @ esnaie strsst,

Monday Evening, Jdly 4 1865. 5
The week opens with an active demand for the
needfnl The only bank discounting to-day was
the Ajax, and there the offerings or calls we're
heavy, very heavy for the season, say over two
handred thousand dollars against an income Of not
over threefourths of the amount: vet nearly the
entire amount offered was granted, which eyi1ced
great liberality, taking many contingencies into
consideration. Possibly the Ajax had to help some
parties out, or it might have an increase to its sag
pended paper for the nonce; only perhaps. Onl
the street there was very little doing. Brokers /
could not place paper in large sums, and with |
some dealers there did not appear the leasa inclina
ton to operate. There were active calls for the
interest due today on the City Consolidated and
other Bonds: on the Jackson Railroad Bonds, the
former amounting to $4,000 and the latter to
$4,000: that is, the amount called for here, the
balance being payable in New York, was provided
for at the agencies. All the various Gums were
paid at the fiscal agent Of the respective debtors,
the Citizens Bank yea. those little pieces Of paper
about two inches one way and three-qHarters Of an
inch the other, appeared to be incarnated today
with magical influences. The Merchants Mutual
| Insurance Company commenced paying ont to-day
40 get. of its scrip of 1858, and interest on out
standing scrip, which wond absorb about $50, 600
| The Gas Light Company also paid ont its G t4ct.
dividend, as called for, say 100000 The Canal
| Bank also commenced paying its dividend, say
s15s,000, of which about 100000 are payable to
city residents. It will, therefore, be perceived
that $540060 are being distributed in our imme-
diate community the greater part Of which will be
| for immediate re-investment. On Monday next
there will be paid by six Of the banks s2s8,0eo.
| Outside of the applications at the banks for dis
count and the calls for dividend or interest every
thing pertaining to finance moved along very
quietly. ALI parties connected with agricultural
pursuits are under good feeling at the auspcious
ness Of the growing cotton and cane. True, the
viessitudea and casualties Of three months Of the
season are to be undergone, yet all are more or
less joyful.
There was nothing done in bonds nor in stocks
to-day. We note some further sales of Louisiana
State Skies in New York last week at sol. The
interest is promptly paid at the several agencies
The half.yearly statement of the Merchants
Bank will be found annexed. All the doubtful and
bad debts have been charged up to profit and loss,
50 that the present balance sheet has flowing
Sheets and we trust may be attended with prosper
Gus gales. a surplus of sI9,4s2 makes the stock
worth on the books over s1024 per share. OF the
to-day Of any value there may be fifty thousand
dollars collected. Should this sum, or any part Of
it, be realized it WILL of course enhance the value
i of the stock hereafter and accrue to the stock
holders.
Our banks are all making highly satisfactory re-
turns to their stockholders, and it is with renewed
! pleasure and satisfaction that we repeat the
] superiority of banking system, the soundness
strength, and we may add, impregnability Of all Of
: our moneyed Institutions.
Semi Annual Statement of the Merchants, Bank Of
New Orleans the 3oth June, 1860.
City Bonds with Auditor. 600 900 %
Bills discounted. 500 1863 IL
Bulls recesabs. n VIZ 81
bonds and mortgages y teU "
I keai Estate At s5p d
Z 4 Local Bank Notes. % 5S9 70
i - 1873 .72s 2!
81 $50 ~ s.
K Capita Stock So 211 q
Z GiTcuf4otst 4Is 4ao "
Il Due defsssifors ASp 0Ia D
Z Unclaimed dividends t52 y
y bivdena of Tse, payable on The 9th inis sidss b
II Surplus. ~ 4s2 u
i 81 .ase.lls 5
Mt New Orleans, June 80, 1860.
= The Exchange market was quieseent to-day