New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-11-16
0eb OrIsans Duly Cresttst.
FINANCIAL AND COMMERCIAL DEPARTMENT.
Nt@ 0rleaHs HToatr NIarhst.
CRxsCEsT OFFICE, No. 10 Camp atsest,
Tht1ra-tar e nnr.I-sS Ea-r Il LEI

y
Thursday Evening, Nov. IS, 1885, !
A miniature storm of rain came up this morning,
which continued through business hours, checking
all desire for large transactions other than those
which were peremptoriy to be carried through.
The bank movements to-day were not large, that
IL, so far as exchange transactions were to be
| taken into consideration The calls for discounts
At the banks were large, and abont one-hslf was
granted. Tits will do very we'll, The Ajax, ne
learn, toed the mark and disbursed literally keep
ing in view, as the old foges do their own interest
and shat OF their depositors, who have entrusted
large sums Of cash to their keeping and who. de-
apairing of realizing q get. per month, feel CON
tent to allow their credits to remain idle On the
street there were very light transactions. stray
piece of paper was passed, as it weYe at IL S8ct
and an extra stray piece, say at the rate Of Is get
Most parties are now looking to New York that ls
4 the effects Of the secession movement in Wall |
street Now this is all leather and prunea. Why |
should we be looking or waiting on NewYork when |
we, that is, the commercial community Of New Or
leans and the South, have the control of King Cot
TONI We have Wall street and more than three
fourths of the Black Republican banks, Cashiers,
Presidents and Directors in tight place; but the
berality and generosity of the South may let
them off.
In the meantime, the question Is propounded,
what connection has the Canal and Banking Com
pany otherwise the Canal Bank Of this city with
the Black Republican concern in New yorl, called
9 the Rank Of Commerce. TFna a. far a. onr ;neo,-
nation extends the Canal RAM. 5id +vro ~ tbraa
resrs aaa cbsnoa IT, arone,, f.ono ,ba oti,; /
z Rank If f,om,nerca II Massrs Naraan v sars
p,t mi. i not sne5ciant Tbaro othar o,ar,,as
bro,ol,. for,rara r,ara
n noc.;ons ,,a tio,s ,to;,t, frxsr4 o,5 bo,,a
basn going IN which he n1hl;o Would ma n
Z know, We do not believe in these secret move.
z ments. We do mt heJieva in tba snnnreqsian of
information on the mart of officers ~ orr nubc in
< situations. We do not believe that an executive
I officer Of an old chartered bank Or any bank
Y should instruct the officials of his bank not to give
3 information that might be Of service to the public,
Z or intimate that the financial editor OF journal
Z not many miles from Camp street talked too much
Z We do not intend that the proud escutcheon of the
8 Crescent City, the pelican State, shall be compro
Z missed or furnished by the doings and acts Of one
z OF the presumed representatives of an important
n moneyed corporation the Canal Bank The Board
8 of Currency has lately made thorough investiga-
s tion-at least We presume and believe they have
= y of our banks The report cannot be made public
. until the meeting of the Legislature, in January
S next In the meantime, the public would like to
q know the procliyities of the bank in question
e whether is to be under the control and influence
- of cent per cent. gentlemen, or whether it will
q q confne its movements to regular and legitimate
~ transactions. We have merely to add, we hope
% we don't intrude on Camp street.
81 The Exchange market to-day was rather quiet.
a tendency to lower rates was one of the features.
The counter rate for checks on New York ruled at
get discount though large sums Is big licks y
conla he realized at A. There was very little doing
t;. J.; f+ H. +,-,,o o,;, 49, $3.50 h; =
OUTSIDE III iaoe uie lfaisa''ohs were soihe'pins
in unison with the weather, cloudy and obscure
and beyond something of an active counter de-
- -, Ala 1ao,, ~ o,,, 1o.,,o t.,,saot;on.
nlsnu " ~ ~ 49, = ~ =. RI
In sixty days sight on New \ ORR there were lew