New Orleans daily crescent., 1860-07-12

1t will be observed that the increase that is, |
Of both freight and passengers, ex
hibits the fact that the business and travelling on
the road are far exceeding many of the views.
The receiuts for the last month show an increase
over the corresponding month of 1860 to be 60 u
ct over the corresponding month of June, 1853.
The quantity of cotton brought over the road for
June, 1860, was 66l bales, which makes the total
receipts to foot up to 1s9,027 bales.
The Exchange market to-day was qssomewhat
inert with downward tendency forming pro
minent feature. The banks were selling checks
over the counter at at s@i prem. One bank was
selling at prem. The balances to be drawn for
are light. sale Of five days sight was closed at
par and some street operations were closed at
premium fer sight. There were sales of sixty days
sight at dis; good parties and sales at LOLA u
Ct dis In fact, there all sorts of prices rul-
ing for the limited offerings. Some of the banks
were not buying, which threw large sums on the
outside market. Sterling was taken at 109a@l0Sa.
The bank rates were at 110b@110s. Francs with
out change-5.l5@5.o7a.
| There was nothing doing in stocks. $4,000
| Opelousas Railroad Bonds were taken at $50, and
| some SIS 600 of Jackson Railroad s apct. Bonds at
| SS2a-a decline from last sales, but money is
wanted.
| The stockholders of the Star Insurance Company,
by vote of 1901 out Of 240o, cover twothirds) re-
solved to go into liquidation; consequently, the
STAR as Joint Stock Company, will cease to exist
from and after the s1st inst. A large number of
the stockholders have organized an association
under the style of the Star Mutual Insurance Com
pany, which will go into operation the 1st of
nI.. HAD feY,
$780, ,000-ampiy sufficient for an early organiza-
tion The great increase of commerce, and the
continued requirements for insurance, warrant the
belief that there will be suficiency Of business
for the Star, and from the high standing and ele
waited responsibility of the subscribers or stock
holders of the new association, warrant the suppo
sition that it will at once commend itself to the
confidence and business of our community.
| As we that is, our commercial community, are
closely connected with the good old State of Ken
tucky, not only commercially and financially, but
socially and geographically, We take somewhat Of
an interest in the finances; that is, the banks o
that State. We, therefore, publish the last state
ment of the Northern Bank of Kentucky, whicl
presents a remarkably strong position, promising
as we do, that the line of discounts is strong.
will be seen that large proportion Of the eS
. change is maturing South. South, throughout tn
great West, means nothing more nor less than thi
good city Of ours If one bank in Kentucky cal
charge up against New Orleans exchange to tn
amount of $l,359,577, how much can other banks
with the banks in st. Lonis, with the banks il
Indiana and with the banks in Tennessee, charg
| up against us as exchange running TO maturity
which will at all events be promptly and punctual
paid at maturity? Scan the financial hoYizol
closely, with local requirements and uses and tn
present stringencies of our money market can b.
solved.