New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-07-04
syen Orleans 5tloneg N(arAtt.

CRESCENT OFFICE No. 10 Camp street, I
Wednesday Evening, July 3, 1851.
Not movement to-day in the outside money
market Two days payments we're to be provided
for, and so far as the banks were concerned, they
yielded to all requests in the way of renewals of
maturing obligations, though there are many par
ties who do pay in full. The general feeling is very
strong in favor of our banking institutions they
are coming out as the phrase is, so much better
than anticipated that parties who have sold out
within the past three months say that they did it
from want Of the needful; but we know that there
have been sales based on the superstition that
stocks in Southern institutions were depreciating.
Some g,sdsi citizens, in fact they cannot be called
citizens have been selling out their shares. 1t is
extremely doubtful if some of these parties have
the right to transfer their property under the pre-
sent attitude Of affairs; they are only ostensible
citizens. We learn that resident of New York,
who il stockholder in the Mechanics and Trad
ers' Bank Of this city, and was not allowed to
transfer his stock has seized and attached the as
sets of the bank in not recognizing his power OF
attorney to transfer the stock standing in his name
on the books Of the bank We hope he may have
good time of it in his suit before the New York
courts, say for about three years.
There was very little done in Exchange teSlay.
The State Bank, selling checks for remittance to
Kentucky and Tennessee, has sold out its balance.
There is now no New York exchange held by~our
banking institutions Sterling exchange has ad-
vanced. The banks are selling on London at l07
@l0S, according to sums. 1t will advance, and
may go to ITO. Deducting the amount due by the
banks for collections, the entire balances of ex-
change held by the banks are equivalent to six
hundred thousand pounds. Francs have also ad-
yanced We quote 5.35@95.2O on Paris direct All
transactions with Northern cities being void, we
omit quoting Illegal transactions.
The half-yearly statement Of the Union Bank to
its stockholders, which will be found below, pre-
SCENTS the position in q favorable light The net
profits for the last six months are s9T937. After
paying the dividend on the 10th inst, there will be
surplus Of nearly quarter Of a million. The
bonds in the auditors hands Estate and City, cost
par. OF course, this Investment is solid one,
though compulsory one forced by the iron bank
ing law Of 1853.
The Directors Of the Mechanics and Traders
Bank to-day declared dividend of 4 get. for the
last six months, payable on and after the 10th inst
Northern stockholders cannot realize for the pre-
sent, 50 instead Of loaning and giving money to
subjugate the South, they had better tack about
and urge the despots at Washington to peace mea-
sures.
STATEMENT UNION loufsIAsA juno % 1861
LIABILITIES
Capital 81 5000 o On
Circulation 95Si6S %
Deposits s96855 an
Profit and Loss. 2sS6S0 &c
slgsss2s .
State and City Consolidated Bonds g 9sct1 with.
Bonds q tie Goniederated States Is Act. 5S
Banking House and Real Estate, 560H
Notes discounted within ninety days. .S5sl,T06 ~
beyond ninety days. $40, lST "a 800, 943 9
Exchange 63,l0l
Suspended Paper gl,l25
Goin...s.s aSiS2
s2,ss6,696
Balance Profit aud Loss sis5f42
-Four pct dividend. .....s,.......,.. 5000 90
5 s GEORGE A. FRERET, Cashier.
Monthly Statement of Bagging, Rope and Salt
NEW oRLEASs, July /, 1861
IsptA this day bales 49, SO
GNsaY BAGs-Sock this bales 203
hENtlckr pieces sos
sxh coils t,g4
Machine 60i5 coils Hand s64 coils
.sacks iU