New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1862-01-03
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The general money market was exceedingly
auaet to-day, which WI have repeated for days and
weeks past, 80 that ~ this time general
has rot ID bs somethinE of an old story Slhefe
was very liitle doing in ana about the banks.
There has been ssaa ba inquiry about the
cftrss pursued by TIE COME ddrate authorities in
reksgi III the shares uf ctr banks held BY North
sruloflizens oh slisn enenies, and whether or not
thess shares shsala BE at once transferred to the
Receivers Of tic Gonfed rate Goyernsaent under
The Representations aots The stock or shares are
trsnsferrable ana sssi gnable on the books Of the
respective banks The banks, Of course, are ac-
qnitted of an permitting the trans
fsrs. Our banks are new declaring dividends, but
WhS aFe " receive them WI have no decree of
I'M Confederate District Court before US author
izirg ur ordering these transfers. nor have we any
decrse ordering these stocks sold for account
ef alien enemies Or residents of the enemy's
coautfy Ills highly rtant that the proceed
ilEs md movements I'D regard to confscation
should she known, how the funds rsthe ihdemnif-
cation 81 Southern citizens who have suffered BY
\ captures and vandalism are progressing The
course to be pursued to place the stock under the
fun control Of the Confederate Government,
which enemies are known I'd be shareholders to be
made parties to the proceedings A large majority
d sosr bank officers have been prompt in render-
ng full details Of their connection with Northern
stockholders Or enemies, snd desire at once to be
rsiisHed hy decision Of the Court Of any further
trouble id the premises. We may also ask ifithe
time has not arrived for some defined course ~
which our public may defstand The position OF
corporated institutions, including banks, railroad
companies insnrance comp aIiss and private asso-
cisaions. lis about time nj nst know whether
TIL stsatiaa aos means something n nothing
There Nas very Iittle desire for transactions il
ths stpck ana share market To-day. The season Of
blossoms and flowers in bank circles, has arrived,
- 0nr several moneyed instltutions are paying to
h1Seh0lders consid erable more than hss been an
Hcipsted. The latest present y that Of the Presi
asnt and Directors Of the Bank Of NeW Orleans,
ehichi u pot and after the 10th inst.
Fhis Nh drst bank ganizsst under the general
hanking laH.s We present below the half yearly
abatement made mp to the 3lst December. The
profit and loss agcoant against s2Ts $50
ct TIE same time last rear. 10 is unnecessary to
asy that the bills receivable and assets are Of the
most unqnastionabie character. The item Of pro-
ested paper is bly, moderate fos - line OF
discounts which has averaged the last year one
million and a half Of dollars The line of deposits
show al icrease oTer the return last year Of over
30 Oct. 5sj
Our local securites are daily enhancing in value.
we quoted few days since the sale Of 800, 900
0pelousas Railroad mortgage bonds, good 10 get.
investment, atso. There haze been further sales
Of S 900 at the same rate, making $780, 900 within
tie past week. These bonds are Of the best class
Of securities now offering. They could have been
sold at any tame Less than 80. We again repeat
that there viii DO no faltering in the payment Of
the interest, say at s aRet. per annum. Monthly
deposits are made with the Louisiana State Bank
to meet the coupons. And let it not overlooked
BIZ our capitalists that ny investing in these bonds
they are aiding one of the most important systems
Of Internal improy ement one Of the greatest mn
dertakings and one which assure to be crowned
with success now before the public. tt 5'8ss Nh