New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-01-29
Os6 OrIeans 4ailr Crescent.
FINANCIAL AND COMMERCIAL DEPARTMENT
Beb ORLEANS Htontv IIarket.
0REsoEs7 OFFICE. No. 70 Camp strset.
NnntHv r. vapiry los, "a 1891

OREsoEs4 0rFIoE. No 70 Camp street Z
...... honfey Evening" Jan. q. l86l.5
Atmospherically, the week commences most aus
piciousIy. On the great levee and landings bust
is active, in the strongest terms to be found
it ia universally active and lively. A large amount
of money will be brought into general circulation
this week. Whether the banks increase their dis
count line, or whether they contract, will make /
very little difference with the movements Of West |
ern produce, as well as the sale Of sugar and mo-
lasses The interchange of commodities is now /
fully carried out. The great West and Northwest |
want the sugar and molasses of Louisiana, and |
corn, wheat, pork and bacon, are coming by |
steamboat loads to exchange in return. 1t was |
also pretty active in and about the banks to-day;
though the discounts were light, they were nearly
up to the applications. On the street there was |
very little done in paper. Some dealers begin to
entertain ideas that their money will remain idle.
Have not these same buyers of paper, or would.be
buyers, been taking cotton paper for years? Then
why do they refuse to invest at this time2 Are
they in possession of any intelligence that there
will be cotton raised in the year 1851! 1t is ad-
mitted that there ought to be limit to the issu-
ance of paper given ont on crops to grow; but
dealers in paper capitalists, have been encourag-
ing the making of such paper for years past and led
many cultivators and growers of cotton and sugar
to make investments in negroes and lands, because
money could berealized on the usual yearly accept
ances of factors and planters drafts Now these
pseudo capitalists or dealers having, as it were,
drawn a large share of the planting community into
debt and perchance into their meshes, coolly say
that the political condition of the country is such
as to cause them to withdraw from market, and let
those out of whom they have been realizing large
sums and on whom they have been sabssting for
years do the best they can, with the remark that
the times are dangerous. We might say, take your
money, gentlemen, and go forthwith, our banks
don't want it on deposit, and the great public will
endeavor to get along without your Kindness and
cent. per cent. views.
The Exchange market to-day was $3.50. The
banks were steady and uniform in their rates at
discount for checks on New York over the counter.
Double Al outside sold at f@1 discount. The
banks, however, bought good and satisfactory
commercial signatures at from 3@5 discount. We
have, however to quote sight outside of bank at
| from l1s down to discount, with some parties
holding at {. Sixty days sight continues to in
crease in favor with choice bills being sold
at 2062 dis; other good bills at from 23t024 dis.
Sterling firm but the high views of Saturday, on
the part of sellers and drawers, were not respond
ed to with the promptness expected. Sales Of good
| clear sterling were made at l045@l053, and other
good names at from 1035@l04. Document bills
were taken at 102l@l03 up to lo4. Remittance
rates ruled at from l05!t9lo6I. Francs were dealt
| in at from 5.373 05321 -extreme rates ruling from
1906, 30-demand good and al drawers feeling
their oats.
There were no movements in stocks other than a
few shares of Gas Light Company at leo.
| The Directors of the Bank Of Louisiana declared
to-day dividend OF get out Of the earnings for
the last six months, payable to resident stock
holders on and after the LIST Monday in February.
The stockholders of the bank also convened for
the election of Directors to the current year.
The following ticket was returned: .5M
Ambrose Lanfear, planter and old merchant.
Edward Chapman, retired merchant.
u. S. Buckner, of Buckner, Stanton & Newman
cotton factors.
Christian Roseius, counsellor at-Iaw.
John Thornhill of Thornhill & Co., cot. factors
Felix Labutut, capitalist, retired.
Aug r. Montgomery, of Montgomery & White
sugar and cotton factors.
Cuthbert II. Slocomb, of Socomb & Co.
Armand Heine, of A. 4 NJ. Heine, general mer
| chants.
John D. Marsh, retired carriage merchant.
| L. de AVendano, OF Avendano u Brothers, com
mission merchants.
A. Ledoux, retired cotton and sugar factor.
Robert NJ. Davis, President.
The great dry goods and grocery interests appea
to have been overlooked in the selection. The Law
profession is well represented. The active cottol
interest also. There are three sellers of the stap
and two buyers.
Messrs. Hene and Marsh have served before
they, with Messrs. 7. de Avendano and A. Ledoul
take the places of Messrs. Jonathan Montgomery
L. F. Generes and Henry Shepherd, Jr, who e
out by rotation, and Edward Shift, deceased
The following is presumed to be the last state
ment of the Bank of the State of Indiana published
on the Goth instant. 1t shows prodigous circula
ton, which, it presumes, covers the issues of TIL
branches. According to the statutes of Louisiana
the bank should have on hand in coin 81 BAG 900
However, the report will do very well for an in
terror bank where the credit and paper system sc
strongly prevails:
Statement of the Bank of the State of Indiana on tn
| 18th November, 1850.
| MEANS
Bills md Notes discounted 100 3
Banking House and other Real Estate ......... 263 81
Eastern means 656. 45S