New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-02-05
geh Orltaus Bully Crescent.
FINANCIAL AaD COMMERCIAL DEPARTMENT.
gen Orleans HEGutv SItarha.
CRkscEs4 OFFICE, No. 10 Can1n street. 2
Monday Evening, Feb. 4, 1881.


CREscEs4 OFFICE, No. 10 Gar1n street. .
Monday Evening, Feb 4, isea. s
The week opens with the most favorable weather
for business and it is being awaited Of It Is hardly
necessary to allude to the large receipts of pro-
duee, az furnishing the sinews of trade. Our ma
rine register will relieve any doubt on that point
AZ regards the general money and paper market,
we have TO note that considerable Of change has
come over the minds Of capitalists, which is con
frrned by the sales Of paper having ten, eleven and
twelve months to run, at the rate of IL get. per
annum, with some few transactions at 10tAl1 pct
One or two millions of dollars goes great way in
buying paper at this time, but this is not all there
are now FIVE millions Of dollars in New Orleans idle
as deposits in the several banks, with daily acep-
mutations What do owners of this money intend
to do with it? There is very little paper issued in
the way Of advances crops to grow. There
may be an increase as the season advances. Fact
ors, however, are very chary Of using red ink
crossways; consequently, the supply of CONNER
cial securities will run very low this season. No
complaints can be made against the banks; they
discount and renew all good securities, though
the question is asked, What do the banks, parti-
cularly some of the free banks, intend to do With
their con?" If cur Legislature would repeal the
general bankin law, and recognize our seven
banks now Wort g under that statute, pasi pdsslss
with the four ba, Is working under the act of 1872
it would be only I mple justice, and great reiieE
in financial and commercial circles.
The grand fulcrum of our trade, Exchange, was
in a quescent state. There was good deal offer
ing, particularly in time bills, which seemed to be
more in favor. The counter rate for checks on
New York was steady and uniform at discount
Outside drawers sold at s@4 discount down to 10
4 Ia DAYS sight sold z
oil discounts sixty days sight at discount, ana
good commercial sixty days at all sorts Of figures
from 2!325 down to 8 Get discount Sterling was
weak. Clear bills of repute were taken at los, ana
offered very freely at from that to I054. We note
sales, however, at l05sG1l05j, with some remit
lance operations at higher figure. Bills with doc
uments attached ranged broadly We note some
sales at l04. We also note other sales at 2a0l0o
and 1854. The supply is fully mp to the require
ments or Willingness of both banks and outside
buyers to buy. Francs were heavy. For remittance
the rate on Paris direct appears to be idy at
5.40@5. 37I, with other movements at from $500
$40.
There was some little inquiry for Stocks to-day.
We note the sales OF 60 shares Gas Light Company
at 100. The upward movement in bank shares stits
continues. In bonds there is very little doing.
The annual election of Directors of the Citizens
Bank was held to-day The following named gen
tlemen were returned to serve for the ensuing
year:
James D. Denegre, President.
Ex-Governor 4. B. Roman.
J. G. Gaines, Of Henderson Il Gaines.
Michael Musson, of John Wall s. Co., cot. factors.
P. Grand, general merchant.
Stephen Plassan, corn merchant.
A. C. Tremoulet, Of Darby & Tremoulet, sugar
factors.
GENERAL STATEMENT LOUISIANA STATE BASK, the
18Th January lSG the last Saturday OF the noSh and under
which the hall yearly divdcnt Off Get WAS declared
| u. LIAh1LIrEs. -
n6posit0rs..
Circulation
Due foreign and distant banks.. $50 5nss
Olhe cash liabilities. i5sshSS
| Surplus profit and loss account ssasoS
| ..a Y" s-."l.szta ....r. --o-.-- =.
|
| RESOURCES
| vault Jl
BjIls ecciY ,5lc due within ~ days. 3425,eD5
| :. :. beyond % days. 3l9,65i
Loans on Mo, trage ossnl
Exchange ttl inaad ..........-- ea59tI
Real Estate including Banking house...... 12l,7h5
| o her assets due beyond 90 days lS,l56
| Protested rnpnr--suspendeA debt ls9a1i
Bonds Of the City 5-etisv ., ~, -
.1ph "a 4i1l usFDa rffi