New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1861-01-03
ytth OrleaIs 1atLp Crescent.
FINANCIAL AND COMMERCIAL Department
Usb OrleaNs NEoutu nlarhet.

CREscEET OTFcE, No. 10 Camp strAet, !
Wednesday Evening, jan O. 1860. I
The last adYices from Europe, say to the 2tst
ult., have been duly considered, and the general
effect has been to sustain the cotton market and
strengthen the financial position of our commu-
nifty. The advance in the value of cotton within
the past thirty days will make difference in the
quantity now unsold and what is to come to mar
ket at this port this season of six million Of dollars
On the last day of November Middling cotton was
difficult of sale in our market at 0l093c. The
change during the month has acted like charm
on the great trade. True, its influence has not yet
extended to other branches of business other than
inspiring greater faith and confidence in the future.
There was very little doing in the outdoor paper
market to-day. The banks discounted to the ex-
tent of their income The restrictive course adopted
several weeks since has to be adhered to for some
time to come.
Most of the banks are engaged in making up
their haf-yeaTly accounts and declaring their dvi-
dends The Directors of the Mechanics and Ira
ders' Bank to-day declared their half-yearly div-
dend, say get, payable on and after Wednesday,
the 9th inst.
The Exchange market opened very languidly this
morning, moved torpidly, and closed adversely to
sellers and drawers. The counter rate for checks
on New York was steady and uniform at get.
dis. Outside, sight drafts ranged from 511 dis,
though some drawers held at dis. Three days
sight sold at 3 dis. There was no inquiry for
sixty days sight; quotations range from 3313f to
4@4l dis. Sterling was heavy at Mondays figures,
very heavy. We quote clear bills 1003@102, and
| 102I@lO3 for remittance. Some parties do obtain
more than 103 but the sales cannot be admitted
as quotable. Document bills range at all sorts OF
prices-from 98@lOO. Francs without any change.
They range from $40, 5.65@555. When the banks
sell they do at $780, but this is for remittance.
| The Bank of Louisiana received sixty thousand
sovereigns by two of the last steamers at NewYork
| from Liverpool which will probably be here in a
| few days. The presumption is that the Ajax will
make something profitable by this importation.
| The President and Directors of the Southern
Bank have made their regular halfyearly dividend
of get, payable on and after the 18th inst. to
resident stockholders, and in New York at the
| Chemical Bank on and after the 2lst.
We annex the half-yearly statement of the Bank
which shows prodigious strength and impreguabil.
ity. Its immediate liabilities say circulation and
deposits are $738, 701, which are covered by $s8S,
749 in coin. We should suppose this statement
would satisfy the most confirmed buliionsts. The
stock of the bank thus appears to be worth, after
| paying the dividend on the 14th inst, SIG pei
share, assuming the bonds lodged with the State
authorities at par, which was the cost. The sur
plus, it will be observed, is $200,22l:
| cere Annual Statement of the Sonthey1, Rank