New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-02-02
neiu Oneaus laiIp Crestslrt.
AND eoMMERaAI DEPARTMENT.
geu 0rIfalls Hlonfu Hlarhtt.


"Wednesday Might. Fsf /, 1850. )
There WAS no important change III the general
money market to-day. The offerings for discount
Ct the several banks were large * double the
amount 81 income. The discount line Of the sew
eral banks " now little over thirty millions of
dollars. This may be increased as the season ad-
saslees Thirty millions of dollars II now the maxi
mum our banks should have under discount This
sum y considerably In excess Of Iast wear. ana
corresponds with d sound and legitimate increase
q trade and Commerce.. Il j manifest that We
shall not receive any large sanls Of coin mr. tbe
balance of the season. The demand fron, H.
West for Northern funds continues without III
least abridgnent Jet our community does not
directly owe dime to the great West; Tie work
ings and the machinery of finance, however. eli.
| plains the laws Of supply and demand Whether
fifteen Or twenty millions Of dollars win pay for
the descendants Of Africa which have changed
hands this season. il question not yet fairly euci-
dated. In The meantime, all good As well as first
class commercial securities that's planters drafts
on factors meet with purchasers at from b, d to
10 Get. varying, Of course, from rates inside Of 9to
figures outside 81 10.
The committee from the Legislature are pro-
crossing in their examination, according 10 law
and precedence, into the condition Of the banks
in fact, all incorporated institutions and organiza-
tons specially authorized subject to the annual
inspection The Gas Light Company and tile Water
Works Company have been exempt for several
years and as gas and water are two great essen
tials in the community It is nat supposed they will
be subject to the yearly investigation. Az these
two corporations do not owe anybody, yery little
interest follows their movements outside Of Hn1e-
diate stockholders therefore. I. ipe II GU q DE
leau.''
The exchange market was freely supplied to-
day. The counter rate for checks On New York
ruled steady at dis. Outside, there were several
large transactions at dis for choice and selected
bills, and to for good. III time bills, WE note
sales pf sixty days sight OF New York and Boston
at I'LL 2, 52A dis. III sterling, there were trans
actions at lo75@1os for clear bill. neaisrs Of
large operators obtained all they Wanted ct l0fg,
| l07sGl0Tg. Fer remittance, there were sales bit
f0s@l0st, There were very few document bills
offering 30 few that We did not learn Of 4 trans
action worthy Of being recorded. We quote al
lC61 to 1g74, with tile remark that there ate very
| few bills of fepute with documents I'd be had be-
! low lo6aGDl01. VIE did not learn Of any move
/ meRt ii francs. Choice bills On Paris direct are
held al 5.264, 40 On other points, so
@5.25.
There has been some stir in jackson Railroad
1 stock; but i may be owing to speculative feel
ing, which il not safe, at all times, to be deemed
criterion. There we're six lots Of tile stock sold
to-day SAY two hundred shares-at III, fifty al
the same, one hundred at the same, fifty at Till
same MY at Id and one hundred at III. II
bank shares 1Fe tlld not learn 81 d sale.
\ Tbt directors Of the Louisiana State Bank a.
clarad dividend Of yet out Of the earnings fo
tle ast six months payable On ana after tac lttl
inst. TLs dividend, with f2ct. paid il August
1859, makes is SF9st. for the last twelve months
The division If profits foF the year. before Wer
u alet. This ii The seventy dividend et I'll
bank, and makes three millions one hundred thau
sand dollars paia stockholders sace til organiza
tim. He think time and TIE general YieissitAde
Of life lsaEe made great iflfoaas IA iie efigiaf
lulnbeF Of stockholders Of tile gear ISIS.