New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-08-17
afu NrIeans ,gflonep 5tlarket.
orxauxNr orEtoE, NO. "a Carr sTKEET,
rbnredax Evanine. August l6, 1866.

-
orreunxr orEcE, NO. "a Carr sTRHET
Thursday Evening, August 10. 1850.
The Gold market has been considerably exer-
cissd to-day by adYices of 8 rapid advance in
rates at New York, and holders have realized an
Improvement of fully / y cent. on yesterdays
uuotations, which, doubtless, would have been
much larger had the o'clock P. X. dispatch from
New York reached here before the close of bust
ness. The supply of cash Gold was very light
throughout, and the demand, as heretofore,
was Of decidedly restricted character,
In fact so many Of the Gold dealers in
Shis city have had their fingers burnt in
their operations of this year, that parties are
nov extremely shy in venturing on speculations
in the field. The sales fora the day have been
limited 90 tie following amounts. viz. $4,000 and
$4,000 in the morning at las, $4,000 and s450O at
14aa, $1,000 and $4,000 at l4s3 $1,000 and $4,000 at
100, $2eea at 1904 $4,000 at 1909, $1,000 and $1,000
at 1909, and $1,000 and $4,000 at 45I. Also. 1000
Mexican DonbIoons at l48 on the customhouse
rate Of SIS N. Sales Of Silver have been con
fined to dribIets in American and Mexican coin,
and We now quote Gold at l493@15O, American
Silver coin at l3s@14O, and Mexican Dollars at
l5l@I52.
FOREIGN ExcH A8SsE-T There has been no quota
BILE alteration Of any kind in the movement Of
Sterling and Francs since our last, and the market
may be reported very quietatpreyious quotations.
The sales to-day we're 1850 Sterling Clear Bills at
1861, 5000 and feoOO private DO. at 49, 100000.
private at 55f., and l16 ,0QOf Commercial do. at
S.8lsf. The ruling figures this evening are lGO@
l62 for Bank Sterling, l54Dl56 for Clear Bills ;
3.52af.D3.5Of. for Bank Francs, and 5.623f.@
S.5T2f. for outdoor Francs.
DOMESTIC EXCHANGE The movement under this
heading rules precisely as for several days past.
Offerings Of commercial are very light, and the
demand for remittance purposes continues re-
stricted. The purchases by banks and bankers
to-day have been confined to $3.50, 900 bank sight
in three checks, sold to banks at % cent. dis
count, $4,000 private do. at 5-l6 y cent. dis
count, and $4,000 do. at ! % cent discount
5000 Boston one days sight payable at New
York, at % cent. discount, $4,000 do. at q
cent. discount; $4,000 New York sight, ant
$4,000 FIVE days do, at % cent discount; ant
$4,000 Boston twenty days do. at u cent dis
count. The ruling quotations still continue a
par and i@{ 3 cent discount at bank and Ia
I % cent. discount on the street for sight check,
on the Northern cities.
UHouREEEr NOTES AND SECURITIES The move
nent in the former to-day has comprised $5OC
Louisiana State Notes at 8sc.; $4,000 and $4,000
U. S. 1905 at 10s and interest, and $l62 $50 do a
1874 and interest. Sales Of Stocks have included
2e shares Union Bank at ST. and some trifing lot,
Of other Securities within the range of our las
quotations sale of $4,000 Opelousas Railroad
Construction Bonds has been reported on prvat,
terms, but we have much dislike to publish report
Of which we can furnish no particulars.
BRoxERs' BoARD.-The very diminutve move
ment Of the Brokers' Board to-day will be fount
/. -. s-I-- II.
transcript Of the official record viz,
Shares Mechanics and Traders Bank Note Stock .
S1OO VI y. I-5l6... 10
TIE Tax ON SAVINGS BEEKs.-The commissions
Of internal revenue has written the following lei
ter in relation to the tax on savings banks:
TREASURY DEPARTMENT oEFreE or INTERNAL RsyExuE,
iSir-Your letter Of the 3ist nit is received
Section nine of the act Of the l4th ult provide
that every national banking association, Stat
bank, or State banking association, shall pay a ia
of ten per centum on the amount of notes of an
person, State bank or State banking association
used for circulation, and paid out by them afte
the LIST day of August instant. You inquire
savings banks are subject to the tax thus imposed
Ii the association in question a bank Or a bank
ing association! Ii il is, / see no reason why tn
tax does not lie. The purpose of the law as evi
denced by the amount Of tax, was unguestionabl
the suppression of State bank circulation; and a
savings banks are not specially excluded it is Jus
and in fact necessary to presume that they ar
included among the banks liable to tax. Bank
are fully defined in paragraph one Of sectio
seFenty-nlne OF the law. 1t IL there provided
that every incorporated or other bank and ever
person, firm, OF company, having place of busi
ness where credits are opened by the deposj
81 colls s 6. money or currency subject b
where money is advanced or loaned on stocks
bonds, bullion, bills Of exchange, or promissor
notes, etc., shall be regarded as bank or as
banker. twas necessary, it seems, in the opil
Ion Of Congress, that in the paragraph here cite
savings banks should be specially exempted /
name, In order to relieve them of the special t.
which takes the place Of license tax. But NO e
sumption In their favor is made In The 9th sectit
new in question. The grand provision of that se
ZION, therefore, must fall upon all banks, wheth
issue or savings. Very respectfully,
E. A ROLLINS,
ToHE McDuTFIE, ESD, Rochester N Il.
The Bank Of England returns for the wee
ent led 10th ultimo, are more satisfactory, but ii
imp movement IN itself not great yet is SO far in
pori ant as showing a favorable change hayir
conn nenced. The stock Of bullion is al els. 7l(
s2s, which is an increase OF Clio, 354; and the +
serve q notes y % &2,d3O ,aS5, being an increa
Of Sl3 l;5S0. The other securities have decreas,
as muy y as Sl,009,933. The government seem
ties hel, ay the bank have decreased by f2O0 UO
The pa QUO deposits have increased 1855 Ia
The priy rate deposits have decreased Fl 9T4 II
There is an increase in the rest Of s2s 963 nj
active cir sulation has decreased 9l5s 200
The Bar OF france returns for the week en-
ing 10th Ill SNOW a further increase In the hulli
All f7l2. 900 There is a decrease in the hills d
counted Of t sers6s decrease in advances
4z43 008. q decrease ia the private aenosiis
8A00; an incr sase ia the government deposits
Tbe bank Of France has reduced its rate of d
copnt from / TO 81 53 cent. and the Bank az Pr
Ma from too 81 cent. On some parts of I
Continent che va 'lie Of money is uncertain. 4
nearest rates in tis leading cities are Paris n
81: Vienna, SO Berlin, 80; frankfort III
Amsterdam, TT; Turiu, 8-9 Brussels, g.
MADRID. 80; Hamburg, O-5 st. Petersbul
53-6R.
The Bank prsi Magazine furnishes the returns
the clrealal ion IF the private and i9int sto
banks HI Fau eand and Wales for the foor wee
ending lhe 3, d June These returns, combn
with Tie Circuit Nion Of The Scotch and Irish ban
of ihe bank 81 ID gland for the four weeks eudl
the 20ih June, u Y nearest dates furnished
their returns ] rs o5 IMPAIRED with tho month en-
ing tho 28th Of June 1865 show an increase
8s a40g5s il the ciropl Ntlon Of notes in Englan
aud an Increase Of fs As 2s73 in the circulation
Que United Kingdom Oh comparing the abol
Wish ne fixed issues of the syeral banks, tho to