New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-07-11


FURTHER F1NAYc1AL NEWS BY THE CUBA.-
Nessrs. satterthwates circular Of June 23d, in
reference to American securities, says:
The news from America bringing report of
fall in gold to 1894, and an advance in 5-2O bonds
to 1929 has caused some surprise here, as it was
scarcely expected that gold would tall and at the
same time 520's go up. 1t is curious to observe
the strength shown by the United States at this
particular period for not only has there been an
absence Of any reflex Of the panic which has
ruled here, but they have absol utey come to our
rescue at most critical time, by sending us in the
three weeks, ending the 18th of June, no less an
amount of gold than g 452 500.
During the week the market has been dull and
Inactive but on renewed demand to-day, gov
eminent bonds and railroad shares have shown a
marked improvement-U. S. $40 bonds closing
65I@553,
Wilmer & Smiths European Times, of sd June,
says;
The extraordinary general meeting Of share
holders in the Consolidated Bank passed off very
satisfactorily 1t was authoritatively stated that
the capital of the bank (f60O,000) is intact as is
also the reserve of fSi sos, and the balance of
gross profits of &93 ,l29. There is therefore, Fl
per share over and above the capital. Various
satisfactory explanations were given with refer
ence to the connection of the company with the
affairs of the Atlantic and Great Western railway
company. The report was received and adopted
unanimously, and even with reclamation, and it
was determined " that the bank be reopened as
soon as the directors are satisfied that no legal
difficulties exist" It is proposed to strengthen
the banks position by increasing its paid-up CAPT
tai to one Million by the addition of f4OO 600, one
half of which is TO be raised by issuing the balance
of 10000 shares of the authorized capital of the
bank, and calling "a per share upon them OF
this new issue, the directors have signifed their
readiness to take one-half amongst themselves
The Bank Of England statement return shows a
large Influx OF private deposits The reserve has
again risen fl ,22s $50, and has now reached
&4744,350 There IS an increase of f3G9,225 in the
and htl1H rlf a.,
coin from the provinces. That notes are also re,
turning is further proved by the diminution OF
1853, 555 in the active circulation. The aggre-
gates compare as follows with those of the previ,
GUS week:
Rest 935o416l Increase ESQ POI
Public deposits 37i IL InSTesss I6 "a
On the other side of the account;
Government securities ell l48 49, Increase 95DOOC
Other securities 2O962. Decrease. ellie
Notes unempoyed... O52e Increase 3S7, 99l
The amount of notes in circulationis H25, JOG 0OO
being a decrease of 9S59, sos and the stock OF
bullion in both Departments is GA, 85l 100 showing
an increase of &369, 225 when compared with the
preceding statement.
The Bank of France return for the week ending
June 2lst shows the following results as compared
with the previous accounts Increase-Cash, IA
100000; advances 700 900; notes, 1900, GOO
treasury Balance, 100000 Decrease-commer
cial bills, 100000; current account, ,2O0.OO0
The rates for loans are as follows: London, 10 :
Q; Paris 81; Vienna, So; Berlin, 80; Frank
fort II; Amsterdam, &c; Turin So; Brus
sells, 6-45 Madrid, nominal Hamburg, OF; St
Petersburg, 53-63.
New YORK MaRKET.-The Evening Post of the
9TH inst, has the following on the financial move
ment in that city -=-r ...... 5.=.o.
There has been noteworthy impulse given tt
the speculative feeling in Wall street, owing tc
the large disbursements of currency from the
treasury, and to the consequent expansion of the
volume of active currency. The general opinion
seems to be that Mr. McCulloch would do wen tC
embrace the present opportunity of putting out &
finding loan, so that it may be fairly aioat before
the aGtiye business season, which commences il
October shall find ample employment for all the
available currency in the channels OF the Circula
ton. r-za,. .,ry,a,
The loan market is inactive but easy and abun
dainty supplied with idle capital at u cent.
with exceptional transactions at lower rates oil
government securities. Commercial paper il
more plentiful and passes at 53GD73.
The stock market exhibits more ami uatlon
Governments are in active demand. Old i've
twenties are being bought up by the foreign
houses at advancing rates, Seven thirties axe
steady, but less strong than the gold bearing
bonds In consequence of the paying off of
thirty millions of certificates on or before the 18th
instant. when they. cease to bear interest, con-
siderable inquiry is sprnging up for all descrip-
tons of sound dividend paying securities.
A .WARNma FRQA TIE WEsT,-The Chicago