New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-01-19
Ne(p Orlfans nailn Crescent.
PTEAECIAL AND COMMERCIAL DEpaRTNgyT
Ytm @rlsans 5flolltu HIarkst.
cREscEHr orFicg, No. 20 Camp direct.
Wedt4stfav EyeuIns,. Ian, II. 1870

9su @rlsaas Hl0utg HIarki.
Wea esdssS E zen Jas i, Il $50
! The payments to-day into bank were large not
in the aggregate so large rs on tie 4tl but with
three or four the I5-Is made an exceedingly good
show against the first and fourth. The offerings
| for discount were large. We embrace the pro
ceedngs Of those banks, the regular discount day
Of which is on Wednesday, bat a majority Of tile
boards meet on the evening preceding, which leads
to longer consultation and more thorough inves-
| tigation into the demands Of applicants II might
| be inferred by these evening conyocations that
majority OF our Bank Directors are not given to
/ post prandial enjoyments, and repudate the old
fogy system Of assembling at Or 10 o'clock in the
morning. Most Of our active bank mandators are
necessarily compelled to be at their countingro
early in the day, and as years business in our
community has to be transacted in eight or nine
months, these evening assemblages may be deemed
as conducive to the general good, yet it il hard to
bring the old folks to accede to any innovation Of
| old usages.
There was good deal Of paper offering on the
street to-day We note sales Of irst-class factors
acceptances, long date, at 9G9a4 Get, and even 10
! pct There were also transactions Of good, real
/ good, signatures having 90Ml00 and 100 days to
run at the rate Of - yet. These figures are too
high for regular quotations, but ii Is manifest that
the general out-ofdoor market for paper of good,
and in many respects rst-cIass is settling down to
10 get. Whether this figure will be Of long or
short duration, is question in the womb of futur-
ity. First-class mortgage paper can be placed at
| the rate of pct. The quantity or amount Of this
grade does not show itself only now and then
i The exchange market to-day corroberated the
views that the great advance last week in Northern
sight funds was based on what We may term
leather and prunella. The rates Of sight on New
York declined. The counter rate at MOST Of the
banks opened at parG6I dis, which was followed
by decline to s0i dis, closing very weak for
drawers in general; three days sight at a59l6 dis.
In sixty days sight choice and selected signatures
ruled at l562 F,et. dis. these however, only
for names which have been known as household
words or bankhold words for years. The general
run OF good and satisfactory names ranged from
2, 2t@24 dis, at which figures some Of the banks
were ready buyers; then, again, there sales
Of good and fair names ut from III, ~ 2lG53 get.
dis, In fact, though sights and short sights are
high, that is, from l@a dis, time bills do not par
] take of the firmness, unless they are drawn by
some of the old fogies, on regular and systematic
2 principles-say for manufacturers or factory ac-
! count. We have also to note an Improvement in
1 sterling. Clear bills were taken at 1914 to 1919
though some parties (Bears) say that 1914 to 1913
B were the current rates but they had not heard Of
\ the advance in the New York market yesterday Of
4A yet In document bills there was great steadi
il ness, and good bills were freely taken at 107,
u making extreme rates at from lO6l up to 1917. and
i clear bills at from 1914 up to 1913, fraction
Il over. Telegraph dispatches confirm the advance
il in that market. There has been some improve
II ment in francs, and have to advance quota
tons to $50, 523a for good drafts on Paris
IL direct, making extreme rates from 5.32a to 522a
al The stock market is well sustained. Holders
ii have desire to sell at any great decline from
~ last quototions. The only sale to-day, to our
q knowledge, was twenty-five shares Bank Of Louis
ID | lana at 1901.
" The report Of the Superintendent Of Banking in
az the State of New York has made his annual report
to the Legislature of that State in session. He
si5 says that the past year has furnished additional
~ evidence of the utility of banking. and comments
q highly the system adopted and pursued in thai
d4 State. According to his views, the New York sys
ii tenn is the plus ultra of banking, in other words
~ have to remark that il would in of another
a run or panic be blown sky high, as in 1867. The
ii banking laws Of New York may answer very wei
n for that meridian, but they not to be talked
y in the days with the laws of Louisiana. either
d as regards security to the bill holders involun
al tary creditors, the safety of depostors. The
a Superintendent says the banking laws of Newly orl
d give the people of that State currency unequaet
IL in the world. This is pretty broad assertion,
d not sustained by facts. Mr.. Cookie il calie
~ Superintendent and Comptroller-ought to hay
d cooked up better dish than this. He entirely fol
ds got that there is such State as Louisiana in eS
d. istence, with banking system challenging a
q others and commanding the admiration and wone
% Of the commercial world. Mr. Cooks own repor
ii exposes the fallacies of his views, as it winds
II with the report of thirteen broken or nsolver
a d banks within his jurisdiction for the last yeal
d3 Possibly this is an illustration of the unequale
u banking system of the great State of New York.
a. counts within the smallest fraction Of 50 Bet Of their capita
~ including loans and stocks and bonds and mortgage
ri e does no, sisss Y prudent and pnrtis,
d. ia,1. III 4, It'll tan tiip nrert r ninae i
t3 az ~ r,an, 49,, I'LL NM ,,n ,n.,er i'll n,,;,ai ~ I II,
d2 N., Nj nrgt iii la.an, th
do VII nn nj, dnr, III .,n. AZ ,ns, II NJ ,ro,,
Y III nar.s w can, hs nmre,as n NJ, tin cnn
id2 ~ is as unmnmt II ta ~ f,r,; is~
N this single cloud in the horizon of banking Indication
m safety and the prosperity and profit palpale,
III ordinary prudence is exercised.
ers The following table exhibits the aggregate
liabilities, and the banks
and individual bankers doing business
The 18th 1852 and 2iih September compile
~ quarterly reports this department; according
3d. f' " f " y - - " ~
DID, pEnrs AND LIABILITIES
id2 June " 10 San, u Is
ld2 Cauital. SIlO 6l5 ~ siI0 g1, i
int Circulation MT5eal5 yg-ne
int Profits 5pl ID5iI'5
puptn hanks