New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-01-15
Nen Otlla1s DaiIp Gresttlt.
FINANCIAL AND COMMERCIAL DEPARTMENT
SgeW 01Itans HEgnev gIIarkst.
cEEseEsr Orc. No. 70 osn.p .t.es.


CEz.cEar oYr1os. No. 70 Camp strest
Monday Evening" Jsn. u, lS6l.5 !
The week opens excessively quiet, ne may say,
m rnoneyed circles. 9he calls on the banks for
Discounts were moderate; they did little, as the
phrase is.- But some old managers think that they
have been helping for wspks past to very little
purpooe, aa the events of Last Saturday show. The
more they discount the morcis wanted 7 in fne, it
is more, more, and little more! There were
several tenders Of Al commercial papsV,or coz
2dered such, on the street at the rate Of IS =
Ct. per amman. This is very high figure. At the
same time, when the position of affairs is 0ay in
vestgated, the rate Is only double of last year
at this time, as the description Of paper in
January was negotiated at the rate Of gGl95 get.
There was something of a lull in the cotton mar
ket to-day, owing to the fact that the large sales
of last week were not all delivered and those buy~
ers who moved then must ship off before progress
ing to any extent. IN the meantime, the Exchange
market s well supported, though some gradsswere
rather slack, and a very light counter demand for
sight on New York was one of the features of tile
day. The cornter rate at all the banks steady
at ] discount. The demand was light. Outside
the sales were at I5 discount down to get, dis.
At this latter figure of the banks had as much
sales of three days sight at get dis: ten days
sight at lI111 dis. In sixty days sight we did not
learn Of any transactions, and quotations at 3G533
may be deemed as nominal. The banks are doing
next to nothing in sixty days bills. In sterling the
movements were on the Geverish order. We note
sales of clear bills for remittance at 1O4i@l044;
dealers buying rates at from lG3@l04. Document
bills ranging from 10lQ1lO2!. Francs rather
II,,t :, ybo lnrt rI raA
than for sterling. We note sales at SAY down to
$50, and then 55@5.60, making extreme ranges
from 5.60@545, the market closing with good
supply of all kinds.
The annual election for Directors of the Bank of
New Orleans was held to-day, when the following
ticket was unanimously returned to serve the cur
rent year:
Frank Williams retired merchant.
L. G. Jnrey, of Farley, Jurey Co., cot. factors.
B. NJ. Horrell, of Horrell, Gayle g. Co., Western
commission and produce merchants.
w. A. Violett grocer
John S. Wallis, Western produce merchant
n. NJ. Benachi, of Ralli, Benachi Co., foreign
and export merchants.
W. H. Cameron, of Payne & Harrison, cotton
factors.
Joseph Menard, Of Menard, Vignaud Il Co., sugar
aud cotton factors. ....
VIM. A. Gilmore, of Elmore & King, attorneys and
counsellors at law.
W.T.. Barley, of BARLEY johnson & Co, factors
j. P. Davis, of Davis, Jackson Co., factors.
| Ogden X. Dunning, of McStea, Value Co., dry
| goods.
| The various trades and branches Of commerce
are well represented in the above ticket, as near
| as circumstances admitted. One of the profess
| sions is also represented. The four last named
are new directors. The entire board, like the old
one. is closely identified with the prosperity and
| welfare of Louisiana. No come-to-day and go-to-
morrow gentlemen among them.
The stockholders of the Merchants Bank, in
| compliance with invitation, also assembled and
made choice of mandators for the year as follows
| P.N Wood, President.
| BENZ Crump, of Crump & Green, cotton factors
| A. Bohn, Of J. Lescene Co., COM merchants
Thos. Allen Clarke, counsellor and lawyer.
| j. NJ. Denman, retired carriage merchant.
Mr.. Denman takes the place of Mr.. Cox, which
is the only change in the Board.
The banks of Kentucky (to their honor have no
suspended coin payments, nor is there any proba
bility that they will. From the semi-annual return
they are in excellent condition. OF course, it
not expected that they are encased in gold an
silver as the banks of New Orleans; nor is it re
squiste that they should be. According to tn
Louisiana statutes the Bank of Kentucky would b
required to have on hand 81, l3l 900 in coin.
shows what is termed cash. exclusive of exchange
$l,3lO 1913, of which 1854 ,SGS are gold and silver
The item of bills of exchange is rather formidable
assuming that over ne-third of the amount is 0
the South.