New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-04-17

I
would have taken as much as any other office, bnt
having resolved some weeks since. that ia previops
to the troubles, to redeem its scrip on the LIST of
May, that resolution has to be carried ont. other
wise the Louisiana Mutual would have gladly come
up to the other companies.
The banks have come forward promptly. The
only doubt relates to the Canal Bank: now WE
want it to toe the mark tomorrow with $3.50 900
The Southern Bank takes sl0O GOO, say $50 oOO pay
able in coin and $4,000 payable in city conso
dated bonds, or in exchange for the same amount
OF Contederated bonds, allowing los. or five per
cent. premium for Confederated bonds This makes
100000, or onetenth of the capital of the bank
which the mandators offer to the glorious and
holy cause of the South, and, possibly. it would
have offered more, but the banking law under
which the bank acts, is restrictive. Further,
this bank last autumn rendered the loan of $50 600
to the State, which may be called for. The mana
gers of the Union Bank say they have more than
half their capital locked up in bonds now laying in
Baton Rouge. They think S5O,O0G-on close in
spection of the resources of the Bank, we think
they can take 500 OOo if necessary. At any rate,
the capital of the Bank being 81 100000, three
times the amount agreed on would hardly inter-
tere with the duties it owes to the commercial
wards the loan, it is not probable that the banks
will be called on for further supplies, as large sums
will be taken outside.
There was very little done in the paner market
to-day In fact there has been very little paper is
sued compared to last season. The political status
was considered in a | t bearings and everything
denotes GOODNESS and calmness no fuss at all Oh
serVable. The banks discounted the same as
thOuph there IN such individuals in ax-;,+o,oo
as Abraham Lincoln and VIM. H. Seward, and the
City of Washington. In fine. good humor prevail.
ed, and the great movement at Memphis cheered
the people on.
1t is hardly necessary to allude to sales of bank
shares Holders have got over their flight and do
not desire to sell at a sacrifice
The exchange market was in some respccts act
i've. A brisk demand prevailed at the counters of
the banks for checks on New York at premium,
Outside sales ranged from and premium down
to par. One days sight sold q BIG dis, decline
We can only remark that good commercial sight
was heavy at par. In time bills there was nothing
done-no demand. We can only say it is doubtful
if sixty days on New York and Boston could be
placed at 10 4 cent dis. Sterling was dull; clear
bills we quote at lO50lOG, and only two or three
buyers in the market. We did not learn of any
buyers irrespective of Mr.. Seward threat to re-
take Fort Sumter. Francs heavy, of course. We
quote sales on Paris direct, first class at $50 cx-
tremc rates range from j.40Q1 81 for the average
run Of good bills.
On the 10th instant capitalists in New York were
extremely dubious about responding to the propo-
sails for the 5000 eco of Treasury notes offered bv
the Treasury of the old concern having two ycals
tn win l.
the llth We have not heard of the result. The
following extract, from the New York Herald Of
the llth indicates that Mr.. Secretary Chase could
not have realized the amount, though meeting of |
bank managers had resolved to 90 into it pretty |
deep. This meeting had not heard from Fort |
Sumter at that time. Money was cheap in New |
York up to the llth. We must wait dav or two
to see how Wall street felt on the recent of ad
vices from Fort Sumter, say about the time of eating
Inner last Saturday. Quien $aJe:
By the most strenuous personal eyertons Of n
ew Individuals and ny appeals to the patriotism
Of wealthy men and bankers, the preliminary de-
)ostS at the Sub Treasury were raised by o'cloclS
his afternoon to S50,O00 or thereabouts, and
simultaneously meeting of bank managers re-
solved to take most of the amount to be awarded.
The negotiations. at par, may therefore be con
sidered as effected. But it has so nearly proved
allure that Mr. Chase had better not repeat the
experiment. He can probably appreciate himself
he damage which this strained success has inn,rt
I'd upon the public credit, and the prestige with
which the Administration would have begun if he |
lad simply accepted the highest bids of the S3l-
200 900 offered him week since.
There is no change in the money market The |
disturbed condition of the country has induced |
some capitalists to withdraw their funds from the
market for the time; but there is so little paper
making, and so light a demand for loans among
The brokers, that the withdrawal attracts no no.
a Wpl n DJly,, Ir,,titt