New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-01-10
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TUESDAY MoRNISGs JANUARY 10, 1860.
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The Money market opens with considerable
briskheas The offerings for discount we're large,
twice All 1nuch as could be granted and thu offer
ings for tomorrow were heavy. The most imper-
tant feature IN the general financial market was
the jump up fiji sight funds on New York. In our
last We infimated that discount was talked Of az
the counter rate for checks. Under the influence
Of Geographic accounts from New York and large
inquiry FOR checks towards Ill o'clock to-day, the
figure Of was the rate at most Of the banks. III
time bills there very little doing and for good
and negotiable names an advance was realized. a.
We have to quote sixty days sight at 2l02a dis,
and good 10 fair from 2s93 dis, which Il an adj
vance Of 4 quarter. There were gaIes of sight at
I3-160z dis five days sight Lille tis. These rates
check the orders for coin. Some orders forwarded
10 n EN- York last week for coin have been counter
nianded, and all the coin known I'd be on the way
shitter il $500 900 for The Citizens Bank part d.
rect, and balance through Treasury warrants.
This il in addition to what We have before noticed
II is therefore, probIematicaI IN regard to further
receipts of coin.
In Foreign Exchange there were transactions to-
day in clear bills at 1915 IO7. Io7 9-IstaI67s up
TO 1071, showing an improvement. Several thou
sands Of pounds were taken af LOTT DIg7a. Tn dce-
nnlert bills there we're sales at 1868 BI06S -ex-
treme rates 1864 gIOaE, closing with an upward
tendency. In francs there were three amounts of
100, 600 each placed DIT 5.asl, and other SIMS at
5S0655.25 On Paris direct, making the extreme
range Of the market from 5.3505,25, showing de-
cided improvement.
The adyiees from NeWYork regarding money are
unfavorabie. Possibly under the expectation that
some three four millions Of dollars in gold would
be called for to send South the banks Of that me
| tropolis may have become alarmed and given d
| turn to the screws AS the advance in exchange
here has knocked oil views Of importations of gold
into three-cornered INIT, it only selves that We
| must try and get along without III and make the
most Of what il now in the vaults Of the banks.
| The annual election for Directors Of the Mer-
| chants Bank was held to-day. The following
gentlemen were returned to serve for the current
\ year: N
/ hlessrs. r. N. Wood. President
Walter cox, Of w, coS 4 Co. cotton factors.
i Ben Grunlr, of Green i Ctuaip, cotton factors.
4 Bol,n; q 4 Ieseene g., commission and export
4 The regular semannual dividend Of i Get, de-
clared out of the earnings for the lastsix months,
was also paid to-day. The business and general
exchange operations Of the bank are on the in
crease, as will appear By reference TO the state
nent furnished the stockholders. IA
The annual election for the management Of the
Bank of New Orleans was also held to-day, and
the following ticket was unanimously returned In
has
4 at any election for nandators Of cur public inan-
eial institutions this season.
y, u; Horrei q IIorreI, Gale O., Western commits
II ]; r Hanenan, retired merchant.
l. d Jurey, of Farley, Jarey d o., cotton factors
n Adam Giasn CITY Treasurer. and Of Gines snedes 4
Je4R Walls, Western $ IT pretaess
IA Joseph Mepards of MenRfd figileaud, cot and snga
Win u rHsas fsaa e.
James H. Doneean, pf scrnggs Donsgan, cot factors
The aboye-named are all closely identified witt
the general interests Of our city, being propert,
holders owners Of real estate, and prepared II
sink Or swim with the destinies Of our city.
So intimately and closely connected with thu
welfare and prosperity of Tennessee u our city
commercially financially, and in fact socially, tina
we have frequently alluded to the condition AMI
movements of the prominent banks of that State
For fifty years have the connections between Ten
nessee and Louisiana been extending, and yearl,
growing stronger, the community OF general inter
ess enlarging, and it is hoped strengthened. II
fact Tennessee, in the patriotic gathering and cele
bration yesterday, was duly remembered; there
fore, we have financial interests Of great import
ance with that State. We, therefore, publish TIL
last statement Of one Of the most important banks
The item Of specie funds is presumed to cover ex
change balances on New Orleans and Easter
cities, and notes Of specie paying banks, Of sum
that can be drawn for at once, as there appears i
be large exchange balance Of sI.274, 1888 ]; bn
when banks make out their annual statements, til
+ amount of capital stock ought to be eonsidere
direct as one of the liabilities. Those conYersar
with figures will however, understand the annexe
statement
State of the Panfers' Bank Of Tennessee and Branohe
81 on the 31st of December, 1852