New Orleans daily crescent., 1860-07-10
Neb Orleans 4ailp Crescent.
FINAFCIAL ANp C0MMEn1AL nEpARrmrrT
gtu OrItans 3tlentv gf(ahet..
CRgscZHT oYTIeE, No. 10 Camp stTset. ]
Monday Evening Ifsis- n 1afn

Monday Eveatng, JHiy eg 1850.
The general money market opens under great
eoseness, SO very close that the Ajax to-day could
only discount twenty-five thousand dollars Or
was extremely liberal last week too liberal in
fact. for it was thrown out Of line on Saturday by
enlarged discounts. At the other banks there was
very little doing they have not the ability to dis
count one-fourth of the offerings. On the street
there was q fair amount of paper offered at all
sorts of rates, and of all grades, from choice TO
good and from good to fair, and tiger paper Of
every grade. The dividends Of six banks were
payable to-day. The recipients were prompt and
punctual in calling for the same. Those missives
signed by the delegated officers of the various in
stitutions, as dividend number this or number that
are very acceptable about this time, particularly
this fly or heated time. 1t was gratifying to OBJ
serve the cheerfulness and compIacency of the
several recipients. Tomorrow, the 10th inst, the
Union Bank commences to dispense its profits in
the way of division of Get.
/ The European correspondence to the 22d was
received to-day. II offers very little for remark.
The cotton accounts are altogether depressing,
but they will have very little influence on onr mar
ket at this late period, but these advices may be
used for adverse feeling for the future.
The Exchange market is under good supply for
the nonce, and though there has not been any real
breakdown, yet the market closed for good and
choice sixty days sight on New York at / discount
and other good to fair names were closed az 501
and dis. We quote Al sixty days from 5G1g and
get. discount. The counter rate at the banks
was steady at for some small sums, and round
I Sums at premium. Tie market had dull feeling
all round, and a@s premium may be considered a.
extreme rates for remittance purposes. A sale o
Georgia bank checks on New York at sight wa
made to-day at / prem. In sterling we did no
learn of any movements worthy of notice, thougl
there was some inquiry at the banks at 110t69ll0s
Outside rates range from IG9AG1l0a4. Francs ar
duh and inactive. We quote 5.0640 .05 for banl
drafts on Paris direct. The several drawees il
Paris and London of our banks are known to b
persons Of the greatest wealth and highest stand
ing. We quote commercial bills on tile seaports .
France at 5.15@5.ll4 and $40.
The stock market continues dull and inactive
! The transfer books of the free banks, or bank
working under the iron rule, will be opened agai
tomorrow, and possibly there may be some moy,
ment We note the sale today of 50 shares Lou
siana State Bank at lssl, and transfer to thre
4 certificates lin all 200 shares) of Bank of Anlerie
y was confirmed to-day at 146A, dividend off; but
appears to have been something of a speeulatil
!, operation.
We present the half-yearIy statement of IL
n Union Bank of Louisiana, as made at the close
| ~ Eve+ c5y tbc af ffa
figures there is handsome reserve fund, 50
s179,557, after paying the dividend Of Sact. II
Is banking house placed at its cost but it is wor
a. an advance to-day. We are not SO sure but
le might be for the interest of stockholders to te
down the present building and erect q bankil
house that would correspond with the age. II
present building was erected thirty years ago, al
occupied for many years as boarding-house, al
though well suited for that purpose at the time,
r. old Carrolton Bank folks thought in the fan
IL times of 1886 that it was most eligible buildi
for banking purposes. The ground is ample for
= more commodious building, but whether it will
sound policy to erect real banking house is
yu- question for the stockholders to decide. Aceol
n ing to the present valuation of property on
grand Boulevard Canal, the ground above mig
es command So 900 or $4,000.
: The general suspended debts of the hank-tl
= is, the Jockey Exchange with which the bank J
A. unfortunately caught in ls5I-haye been grea
: curtailed, or, in financial language, have b.
Ed mostly wiped out, which now leaves the bank
~ move onward under its full capital and a rese
SSf of sls0000, though this reserve embraces Sl06
l1t ,int of suspended account This suspended deb
7di considered as good for 45@50c. aR dollar
Use must, however, caution the managers against
aJ, liberal feeling in regard to Jockey Bills or
sa2 ssa2 change.
,Sdi Semi Annual Statement of the Union Bank OF
29i2 Orleans on the Goth June, 1861