New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-04-19
Ueh Orleans pailg Crestent.
FIEANClAL AND COMNk2CIAL DEpARTmETT
GIN OrIeans 1tIonep ItIarhst.

Thurs lay evening April is iesi
The money and paper market opened quietly
this morning. Some light negotiations in pape,
were carried through at the rate of 933lO Pct
| The movements 10 and about the banks denoted
something of peace establishment that is there
were no pressing offerings. Some cashiers we're
reading the papers Of the day, others had their pc
| da eXtrernities at angle Of f9rty,five degrees
over a corner of their desk; two or three were
| figuring away ; one Or two were waiting the tele-
graphic dispatches, and to sum up our bank cash
ers appeared to be taking things calmly and
| coolly. In and about the Citizens Bank, though
| the crowd was not so large as yesterday, yet the
subscriptions to the loan of che COnfedera ted States
were kept up with vigor. We shall publish the
names OF al subscribers over certain amount as
soon as the books are closed. The Bank of Loui-
sana and the State Bank each took S250000. The
Mechanics ana Traders Bank $50 600. This will
do very we'll. The Crescent City Bank took So
600 The Union Bank, it is supposed, will take an
additional $4,000, making the tota! amount $780,
900. This is the sum expected of this bank. The
stockholders of come of She banks have taken
Hberal!y individually, while directors, they lave
advocated subscriptions on the part Of their re-
spective institutions. For instance, we observe
that Benost, Shaw & Co. have taken $4,000,
while the bank of which Mr.. Shaw is director
has taken s250000, which is equal to SO, $50. The
State Bank also is liable to be called on for $780,
900, rendered last autumn to the State, the same as
the Southern Bank, which rendered SO 600 on the
first movement of secession. Most of all the n2anda
tors of the respective banks have responded TO the
call promptly. We hope to see several houses
and other parties subscribe tomorrow and the day
after. To cut a long story short, we expect to
boz ,l,aA,, 81
tons to this loan as regards some parties. Though
every dollar of the fifteen millions called for will
be taken. we do not believe the patriotic cotton
planters of Mississippi and Louisiana will tamely
submit to an insult (for such we call it) on the
part of their agents and factors in this city but
anon. Though the subscriptions may not be
wanted, that will not suffice
There was nothing done in stocks to-day. Some
scrip and shares were advertised for sale by public
cutlery, but the war fever carried all before it.
There was some movement in Exchange The
counter rate for checks on New York was reduced
to par. Outside drawers sold at the same figure
Sales of sixty days non est. No one will trust
New York for that length of time. Three days
sight I03 discount. Sterling fiat. Good bills were
sold at l0i5 We quote from l0401lO5. Nothing
doing in documents; too light stocks of cotton on
uduu. FEduGS were quiet we ulu not learn OF a
sale, but quote from 5.421M5.325 and after 2
O'Clock the furore and excitement on the flags re-
garding the action Of Virginia surpassed anything
or heard of in financial circles and we
have only to add that the day closed in blaze of
exultaton.
At a late hour this evening adyces were receiv-
ed from Montgomery to continue the lists of sub
scripton to the Confederated loan for the full
accepted time for capitalists to come forward |
The money is in the South and available nor is it
to be taken out of the country or the South. The
greater part will be disbursed here in New Orleans
The hostile attitude of the Lincoln Government
towards the South has induced the authorities at
Montgomery to appeal for the whole amount at
once. More than six millions were taken at the
several places on the first day. Come forward,
and all.
The New York stock jobbers are either parcel
of knaves set Of unauthorized supds. The
following extract from the monetary article of the
New York Courier and Enquirer of last Saturday.
just shows how much stress was placed on the re-
Enforcement OF Fort Sumter. If Fort Sumter had
been reinforced stocks were to jump up 5 i|at.
Well, as Fort Sumter was not reinforced, and the
old United States Government we'll beaten, it is
supposed it will try again, and come out with the
same result, defeat:
APRIr l3.-Ths has been n very quiet dav in |
Wall street, the excitement regarding the eXped- |
ton to reinforce Sumter has been in measure |
allaycd, and people are awaiting with intense |
interest of its arrva! at its destination and its
fortunes after its arrival. There is now no longer |
any doubt as to the destination of the eXpeditiOn
and the fear of war, which was very prevalent a |
short time since, seems to have vanished. War |
seems now to be accepted fixed fact but it is |
upon the success Or failure of the Government to |
carry out its measures that the interest chiefly |
hangs The expressions of confidence in the Ad- |
mniStratlOn are numerous and hearty, and there |
seems to be little doubt in the minds Of men as to |
the result. The specuatons in stocks for decline
have been very heavy, and there symptoms to- |
day of some uneasness on the part of the Sellers
They did not stop to calculate on the chances of
the success of the Governments they looked upon |
the sum Of all human ills, and were sure |
that its breaking out would be followed by desire |
to sell and large decline in prices. To-day, how
ever people seem to have recovered from their
fright, and the market looks if it would be more
apt to jump up f}ct. on the announcement that |
Sumter had been reinforced than to decline, should |
the news be to the contrary. If the Government |
is beaten it try again, but defeat at the Dl esent
moment would be to the rebel troops q disaster
from which there would be no recovery. The news
will be eagerly looked for by all stock operators
and in the event of successful performance Of the
mission on which the fleet from this port was sent,
we may prepare to see the market rapidly recover
from the late decline.
The bids of the new Treasury notes of the old
concern were parcelled out among the following
Black Republican banks and firms in New York:
The bill of the Bank of Commerce for 50 500 ,OuO
of the Treasury notes awarded yesterday was made |
up as follows:
Ifrn, of r,un!.or,. in Now Yoll.......... S,OUrGo
;I4ne4,m Exchange Iin'S ........ 1900
M'l""i'iI h@"N'' 331W1