New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-07-20
gYen Orleans SFloreu StIataet.
CRESCENT oFsIftE, No. 10 Camp 4

CRESCENT OFFICE. No. 10 Camp street
Friday Evening, July 10, 1851 {
Thereswas not transaction in the money mar
ket to-day worthy Of notice. The tonsorial gentle
men have been obliged to withdraw from the arena
Of finance. There are no calls for money within
tho range Of their patrons. We have, therefore,
merely 70 say, there is no demand for money on
the outside market. There was nothing doing in
and about the banks to-day. One of the Presidents
Of our banks left last week for Europe On what
business we are not informed, nor did we make in
quiry, because we were aware we should be i'm
porfuned for information in regard to his mission.
All we have TO say is, that the great South has a
true and responsible representative in the person
alluded to.
It il almost superfuous to remark on the Elk
change market The banks are selling sixty days
sight on London at ITO, and on Paris direct at TO-
As for Northern funds, we have no occasion to
alude to them, and if Would,he remitters have to
pay 10 et, premium for violation Of the statutes,
It is no business Of ours. The Confederate District
Attorney might, if he felt disposed, ind out many
violations Of the laws Of the Confederate Congress.
Adis, ainporse.
There were no sales of stocks fo.day-I40 was
offered for Louisiana State Bank. Shares Of the
free banks are not offered. The possessors of
shares in all banks, or the most Of them are able
TO hold, and will hold There is no necessity for
submitting to sacrifice
Inuncurrent money there have been no transac
tons this week. Land warrants are in sta,,t o,so-
none offering, and no demand. There have been no
receipts of coin this week, nor is there any ex.
pected. The first Importation of gold will in all
probability be from England to invest in cotton
but that IS question in the vista of futurity to
realize and its effects. Heretofore
the largest sums of gold were received from New
Y York. AS that course is now blocked, wiped cut
oil gold coming hither will be from foreign coun
tries. But what will be the necessity of forward
ing gold hither unless there is way to move cot
tony Cottonw will not be allowed to leave our leyee
only for those countries which have acknowledged
the independence Of the South.
The last return of the Bank Of Louisville does NOT
exhibit anything more than moderate strength.
The immediate cash liabilities, say sums due banks.
amounts due depositors and circulation are 40 ia
600 The geld and silver on hand amounts Ia oalv
{ S58T,41 On deposit in Philadelphia, New York,
and Baltimore, ss3o66l. This amount il extremelv
doubtful in revolutionary times. There is yery III.
tie confidence in this part of the country attached
to New York banks because they can be forced
into suspension by immediate action Of their depo.
sitofs, who are the real owners or holders Of the
large amount Of specie now in their vaults on de.
post. 4
Among the items of assets of the Bank of Louis,
vile, we find SECS, $50 in exchange on the South,
This coyers,it IS supposed, bills on New Orleans
and Mobile, which amount, it is thought, is to be
realized in New York or Northern funds. From
the present political status Of Kentucky, partcu-
larry the city Of louisville we can only class 1t, the
banks and all, as faYoring the cause of Lincoln,
Seward q Cos and they cannot be regarded in any
other Light than as enemies Our banks are, there
fore, forbidden from having any transactions with
them. In this eYentful crisis we must regard those
vho are not for the South to be against us, In