New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-01-10
geto Ofleans 9aiIp Crtscent.
FISANcF4L AND G01TMERGE8L DEPARTMENT
gsR GrIe1ns xfIonty SilarAst,

The tone Of the money market this n11r1fing Was
OF The same ease and quietncs5 which attended the
close on Monday. Towards meridian the telegraph
a9 called into requisiaion to crsate an excitement,
bnt it proved stiil-bOrz. Psrsons of intellFsenee
and sense are beginning toregard the teltgrash as
medium of canards y and gensation para.
graphs. Oar bank mansgers take things calgaIy
and refectively. a.. 60. ..
The calls on the banks foy discounts to-day vera.
on the $3.50 order, which can be construed in more
ways than one. On the street there IL some few
small sums Of paper passed at Iff1lII per month.
Very little new paper making. Money is accanu-
iating daily, IN the meantime, our citizens will
realize how little money they car, move their bust
ness on, and bow little they can subsisa on We
learn with much pleasure that the orders for goods
and merchandise for the spring trade are very
light; in fact, it will take year at least to reduce
the stock now on hand. 1t is suggestive that our
dealers in dry goods, millinery and fancy things,
refrain from forwarding any orders. The less You
buy, Messeurs, the less you will have 20 pay for,
and though money will in all probability 30 abund-
ant and plenty in oar city this spring. it viii not be
come-at-able in the way of trade, unless very
great change comes over the minds Of owners
thereof and capitalists.
The Exchange market opened rather heaFy, and
did not change through the day. The counter rate
for checks on New York was steady at j Tct. dis.
Outside the rates ruled from 5G89 discount fos dou
BILE AL, and other good bills at 5G91 discount. One
days sight in round SUBS at Il discount ten days
sight llG9s dis In time bills, that is, sixty DAYS
sight, there was very little doing, very little in
quiry. We quote from 3@35 to get. discount,
with no great desire erinced on the part of remit
tiers to take freely at any price; in fact remtters
IL not
street, much more than taking sixty days ex-
change on even the best of drawees in that city.
In sterling, the upward feeling ruling on Monday
prevailed to-day. We note sales of clear bills at
lO2@l023, and for remittance some sales were
| effected at l03@lO35 and 1857. Bills with doc
uments were taken at l005-5GO bales at this figure
other transactions were carried through at l019
lOl4, but very good margin allowed. Francs well
| sustained, the range of the market being 5 GOA
5.52l up to 54T1. We learn of the sale of 20 600
English sovereigns at 4 80-less the seigniorage,
| it is supposed, or cost ofrecoining.
! There were some movements reported in bank
shares, but negotiations had not been confirmed
up to the close of business. The President and
trustees of the Home Mutual Insurance Company
| assembled this evening to give account of their
stewardship for the last year. We learn that the
tedi puSitesS HAS ueSu very successful, SO mucn
so that large part (three-quarters or Is 9ct.) of
scrip Of 1857 will be redeemed, and dividend in
scrip for the last years business of s. 40 3ct.
| Our bulwarks Of trade, commerce and safety from
fire-our several insurance companes-appear to
be all in good strength and position.
| We append below the half-yearly statement of
| the Merchants Bank. Though the profit and loss
| account does not sum up largely, the mandators
find that they very well declare a dividend of
81 yet. out of the nett earnings for the last six
months This bank last year, in common with
| some others, met with some drawbacks in the way
of.exchange. These have all been charged up to
profit and loss, that the institution closes the
years business with surplus after paying the
dividend declared. The immediate demand liabili.
| ties Of the bank are S740,00c, which are met by
S96e,o00 in coin, exchange and city bonds. Then
there is the porte-feuie of $66t,94l applicable to
the security of demands, which is fully ample TIC
meet contingencies:
| Semi-Annual Statement of the Merchants Bank O.
MaJ G-la 1-DY, No. n1n-