New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-02-24
1th 0rItans 9adp Grsstsut,
FINANCIAL AND coMmERCAL pHpapTmpsr
Nsu 0rIsans Nlcnsu Darhst.

! Wsm 0rleans Hlcneg NIMast.
Thalsdas i Es ssl S Feb :sss is5s.
The tenor Of the Money market was Of ease an
quietness. The calls for discounts at the regnIs
meeting Of directors were moderate. Outside.
on the street, the supply Of paper was also mod
rate. The regular offerings have been interrupte
by the Intervention of the holiday Of yesterda,
Two Of the Boards of Directors overlooked the dill
non, and did not assemble in advance. Neye
mind, the omission can be made up by dscountin
so much more at the next discounting day.
| There were some small sums Of paper place,
| through those called right bowers of the money
market. the discount brokers, or Bears to-day ana
Bulls tomorrow, and who are so very useful IN all
| negotiations 1t appears that there il no trausac-
ton Of any import, negotiation in paper, hardly
ever sale of bank shares or other stocks but what
one or more Of these useful and intelligent mem
bers Of the body financial are called on to promote
the views of parties either as buyers or sellers,
Bulls or Bears.
The Exchange market at the date of our last
closed in favor Of drawers and sellers ON tile
opening Of business this morning the firmness in
general faltered all kinds Of exchange excepting
checks and sight drafts on New York, for which
there was good demand The counter rate at the
banks was uniform and steady at prem. Outside
there were large transactions at from I-I605tI,
prem. Though some of the banks obtained some |
bills at par, there were other purchased at from
l-l69!. In three and five days sight there were |
some transactions at par; in sixty days sight there
were sales at Il, l1@ls discount, and two amounts
with documents were taken at Ii discount
treme rates ruled from II for double AL TO Ii. Iaa
u discount for good to fair. There were some |
transactions in Boston factory bills, which are as
good as the best at u when drawn by and on old /
established folks. When we say folks, we mean
parties Of bottom, perhaps they may be styled old
fogies. The upward tendencies of sterling today
were checked by lower rates in New York Early
in the day drawers, through their brokers, were
asking higher rates. the very highest of the season,
which was not responded to by dealers or large
buyers, though remittance rates were well main
tanned. There were several sales of All clear bills
at l0ss9l0ss, and some at 1854 05l0Ss aud though
there were sales in small sums at l0s301los5 they
are not auotable rates, being for remittance In
document bills there were sales of Al {deemed
good parties all round) at 1917. We quote l07la
1913, and possibly in puncto transaction n
fraction higher can be realized. In francs there
were no large transactions. The banks sold on
Paris direct at slot; other movements may be
quoted at from 5.25G15.20 and 5.l7S.
In stocks we did not learn of any sales except a
sale Of Crescent City Bank at 100. Bonds quiet.
The time for receiving proposals for the sale of
two hundred thousand dollars Of City Consolidated
Bonds, to be acted on by the commissioners of the
debt, will expire at noon on the 9th March Parties
iar and near, DESTROYS of selling cheap, will, Of
course, have in their tenders in conformity 10 TIL,
notice published in our columns
we alluded in our issue of Monday last to the
OF commercial house engaged in the
tobacco trade. AS usual in such cases, the amount
OF liabilities was counted up at fabulous figures:
First It was 81 100000 then they were reduced to
100000, then to 100000, then down another
figure. The full amount of the liabilities is $500 600
with assets to the amount Of SLIGO ,O00 The credit
ors of the firm in question are parties who can
meet the losses without Inconvenience. There NAV
be exceptions on this point of which we have moi /
been informed.
We have frequently alluded to the savings justi.
tutions or banks of the world. The good they have
since the organization in the year 1877 is
though out of the many there have
been three or four cases Of NEUTRALITY-SUSPICIOUS. and
fraud, 10 must not be overlooked that there are
BACK sheep IN all Hooks. In no city or State, in
act, in no place on the face of the globe il the av
ahorer, the mechanic and the clerk in fact all who
i've by the sweat OF their brow, better compensate
ID, or paid in soundef money, than in the state of
4onisiana: and yet in this State there is only one
1ank tor savings, which ought to have on deposit
from the many millions of dollars paid out yearly
Y least Two Or three millions Of dollars; in fact
compared with other places, with the vast sums
weekly paid out in this city for nine months in the
ear there ought to be five millions Of dollars in
ne savings bank Of this city, instead of that there
re not i've hundred Thousand dollars. 1t is. how !
yer, gratifying to find that the germ of economy
nd saving ID abroad; that the deposits with the /,
'ank on Canal street are weekly increasing.
here are, however, thousands and thousands Of \
aborers who come to our city and work during the
rinter-just the same az other professions. with
phemeral traders and operators-put the earnings 1
4 their pocket, and the advent of warm weather
% Northward and live the remainder Of the wear. q
perhaps in idleness) and place their money in
avings banks Nortllward. =
What is remarkable in our community ia that ! I
here are 50 very few clerks and employds-per. 9
lament residents-who keep bank account where i
nms are received on deposit at the savings banks /
.om one dollar up and at some of the regular 9
anks ten dsllars yet there is not one clerk in fifty
nat has q bank account
By recent statement made in November ,auf | .
iere were eighty-seyen banks for saving 1enosits
the State Of Massachusetts, in which there were
eposits to the enormous amount OF 1Hi,gJ.,,;ns
ti0ions Of Dollars Il. the city of boston the de-
osits were over sll 100000, or which two ana : \
narter millions were in the Five Cents Bank. that
bank where sums of five cents are received
it any wonder, with such evidences Of thrift and
'onomy, that some folks North are boasting of
eir wealth. riches and pecuniary great resources.
The following figures give some of the sums and ,
e location OF the banks:
In Boston, PropiIeui.. .......... Is .os s,s
iSsles, =. 2,6ls 70 -
~ NS'is- :. :. 2,2a5.07s
$li,2iT,sI !
IN DWELL, bank S30n