New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1862-02-07
sNeu ORLEANS gtonev ytEarket.
CRESCENT OFFICE, No. 20 CamI

gr. CRESCENT OFFICE, No. 10 Camp strse., 4
..''rr @- Thursday Evening, Feb. 6, 1852. 5
very quiet state of affairs ruled to. day in the
general money and paper market. We have,
therefore, very few real transactions to comment
on. The general money market is strong, that is,
SO far as currency applies. There are very few
borrowers Retrenohment and economy are the
attending features of the course of finance and
commercial transactions at this time. There have
been remarks about the operation Of the act Of the
Legislature relating to the forfeitpres Of the char
ters Of the several banks, from following out the
recommendation of the Governor of the State, on
his proclamation proclaimed on the 18th Septem-
ber last. Some Of the banks, or the managers
thereof think that from the failure Of the cotton
relief bill, there will arise feelings to disturb the
general amnesty bill relieving the banks from suits
for following out the Recommendation Of Governor
Moore. We may as well state that the Governors
Recommendation should have come in the shape of
a peremptosy demand Or order to our banking in
stitutions 1t is too late to comment on the course
that should have been pursued. Three or four
banks are preparing to issue small notes--say 5s,
nos and 2Os. These notes can be clipped into
halves, and be made availablein all transactions,
received on deposit and paid out For the infor-
nation of all distant residents, we reterate that
our Dt3nKS feG6fye ua1l VI uiflaOu notos tS
figures on the face, that is ve ten Or twenty dol
lar notes clipped in two will be received as hall
demands against the issuers. 's+sf5s%
The most important feature in financial circles
to-day wss the announcement that the Jackson
RAILROAD Company was paying its coupons OF 10
tepest This was cheering intelligence to those ia
| terestsd. It affords MS much pleasure to reeort
this resumption, as it were, of the coupons: Hold
/ ers of bonds and coupons residing in ,Noather1
States will, Of course, understand at once that in
terest falling to them can only be paid at tae ofc
4 Of the company. and then the demand may be sui
i ieet to the interrogatories, whether tbs eoupoI
A and the bonds are not owned by alien enemie
and subject to the 'seqaestration act, 10 they Aas
not already been taken eareof by Mr.. Receive
Ward? In the meantime, we have RlrGh pieasul
in alluding to the attering statement Of the dree
ors Of tho jackson Railroad to thsstoc ckhoders 4
/ the last year. ~
. . The exchange market was very quiet to-day
!. | There were sales of small ssnns at l22s-the ms
Q ket all round was heavy. Our numerous hnancl
!. readers understand what heavy means. The pam
), : held at l25, l27 and 128, showing deciln
d Fsffshcs we quote from 49o@4.75 up TO A.6o.
e These ssare no movements in bank shares tod
Y to orr knowledge, and everything pertaining
T. T. 6pance and trade opened heavily, moved alo
IT slurpishly, and closed very quietly. There ha
y been sales of some GOO Of Insurance Sc
= within the past three days at prices highly ren
n neratiye to sellers. In fact the scrip market
d becoming 6xed institution,