New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-01-04
Ueb OrIeans 1ailg Crescent.
FINANCIAL AND COMMERCIAL DEPARTMENT
zIsW OrIeans ILGneu N!arRet.

ThHr8fay Evening. Jan. 3. 18f1y} |
The general money market was very quiet to-
day. The course Of events will result in thing
if nothing more, that is, how little money can our
community move on or operate on? Esetrenchment
is the order of the day, and with many is in pro-
cess of being carried out. There was very little
doing among the notebrokers to-day. Some to
months paper {good factorsD was negotiated at
II get per month and some mortgage securities
at the rate of l00l2 yet. Money the street is
gradually falling to living rates. The banks are all
in strong position and in about the present posi-
ton they must keep for three or four months at
least. Generally speaking, and taking very
comprehensive view Of the commercial and finan,
cial horizon, getting along remarkably
well. The great fourth of January comes along
within few hours. 1t can hardly be expected that
there will be any suspensions under the present
very ready sales Of cotton Unless there has been
some intentional deviation5 from faith and probity,
it hardly be anticipated that there will be any
lapses tomorrow, the eventfu fourth. There will,
of course, be some lutterng among the come-to-
day and go-to-morrow folks or traders. They
| have however, been restricted in their movements
this season. and will foot up with Flemish balances.
Notwithstanding the daily softening Of the money
market, with partial return of confidence, the
| cTEu1t ~ sletH ulUNt OHHdtA Dut wien are We
to realize the return of general confidence under
the present excited state of the political elements,
| is asked? As soon as the South turn the Northern
States out Of the Union, and set up on its own ac
count. The sooner this great question is settled
the better. The great staple is carrying all before
it. The recent advance in prices-on that portion
of the crop not in market and that unsold-will
amount to twenty millions of dollars, that is, the
value of the unsold portion has Increased within
the last twenty-five thirty days that amount,
and under the present feeling, regarding consump-
ton and production, the South will be in short
time in the highest niche Of financial strength and
sodity. It's moneyed Institutions, SO far New
Orleans is concerned are already so.
The Exchange Market taken all round to day,
had heavy appearance. True, some attempts
were made to enhance rates, but buyers appeared
to be moved by the don't care principle. The de-
mand at the banks for checks on New York was
light. The rate was steady and uniform at dis.
Outside there sales at sos and 5GDl Get dis.
The large transactions, including the purchases by
the banks, ruled at from 5@l aud L. dis. Double
Al drawers were asking 504. Sterling was offered
freely, and clear bills fell off to 10l@l0la banks
Z and dealers rates. There were sales for remit
r lance at 102l@lO3 and fraction over. The bulk
of the movements was from l0l0l02, with sales oil
bills of ading at 980Gl00. Strong documents were
sold at 100. Francs were reported firmer, but we
did not discover it, only in the way of asking Or
5 Paris direct the rates ranged at from 5.573@5.55
and on other points at 5.70t05.G0 There was one
: sale Of 100 GOO at 5.J34.
The stock market has a better feeling. Thrt.
+ shares of Bank of Louisiana were sold P. T., ant
J. so shares Southern Bank, cash. dividend off, at III
10 The President and Directors of the Merchants
Bank have declared half yearly dividend of 81 I
ct. out of the earnings for the last six months
= payable on and after Monday, the 2lst inst. Th
h Union Bank will declare to morrow half yearly
p dividend of pct, which closes the dividends Oh
the part of the banks working under the law o
lg 1853 until July next.
or The next benefit will be from the Bank Of Loui
siana on the 18th inst.
: The half yearly statement of the Bank of Ne'
= Orleans will be found annexed. 1t proves the il
Al, stitution to be in strong position, with coin in van
or to the amount Of 81 25u035, and exchange on han
to the amount of Sl02629 which more than cover
= the full amount of circulation and deposits. Tt
ng item of real estate embraces the banking hous
sr which has recently been greatly improved and G.
VI tended, which now renders it a very commodol
building, well adapted for the purposes intende
Semi Annual Statement of the Banl; of New orlean
. 31st December 1850