New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-09-02

-
s.S..s.z.....-,.,. .....s....,...:..ss.s.s
| October and some pressure in November
| snd December, after which we may look
for permanent relaxation for the rest of the
year. In fact, these features represent the
normal condition of the market. The max
| ing upo Of acotton crop, and of sugar as well,
| involves a large outlay, which can not be
| refunded until the crop is sold. In the
| meantime planters strain their credit in
| every quarter to raise the means to carry
| them through, and are steady applicants
| for the largest advances possible on the an
| ticipated yield. Competition among factors
| on the other hand from the desire to in
crease their receipts, leads them often to
| extend accommodations to their country
| friends beyond the ability of the latter to
refund unless favored by bountiful crop
and remunerativs prices Not unfrequently
their liberality has extended far beyond
the limits of prudence, but IN the past year
they have pursued a more conservative
policy and are involved to diminished
extent IN the result of the maturing crop
Ihe demand for currency for the eoun-
try-especially to pay wages-has often
disturbing influence in our circles. The
presidents OF the several of our national
banks have addressed a memorial to the
Treasury Department at Washington in re-
lation to this matter, and if their judiciOus
suggestion be adopted it will obviate the
evil without any complication or risk to the
treasury.
The fluctuations in gold have generally
been in agreoment with the New York mar
ket but in some cases nave ruled propGr-
tionately higher when the supply was une-
quail to the demand The premium has ruled
higher than last year, and even higher than
the year before.
The Ban, of America declared dividend
of al mar cent on Dappmhar ri and roy,
per cent on June 80; the Germania National
Bank ten per cent on December 81 and ten
per cent on July |; the State National Bank
two and half per cent September % to stock
holders: three and half per cent to stock
holders and one per cent to deposit
ors December %, three and One.fourth
per cent to stockholders and three
ors March 90, three and quar-
ter per cent to stockholders and
three-fourths of one per cent to de-
positors June %; the Mutual Ma
tional Bank six and one-half per
cent to stockholders and one and
half per cent to depositors Decem-
Der 81, atd five and half per cent to
stockholders and one half per cent to depo.
sitors July ]; the Canal Bank five per
cent December "a and four per cent
June %; the New Orleans Nation
al Banking Association six per cent
December 81: the Louisiana National Bank
five per cent December 81 and five per cent
June 80; the Hibernia National Bank six per
cent Deem Der 80; the Louisiana Savings
Bank and Safe Deposit Company tive per
cent December 81; the Crescent City Ma
tional Bank five per cent June q; the
Peoples Bank five per cent December 81
/ and five per cent June %; the Metropolitan
Loan and Savings Bank seven per cent
| December and ten per cent June 2; the
| Carrollton Railroad Company three per
cent January 10 and five per cent July Z;
the Canal and Claiborne Street Railroad
| Company two per cent January 6; the
| Orleans Railroad 50 per share December 81
| and 50 per share July l; the New Orleans
| City Railroad Company four per cent March
| - and tour per cent June IL; the Crescent
| City Railroad Company thee per cent
February IA; the st. Charles Street Railroad
| Company two per cent January IA and
three per cent July 16; the Louisiana State
| Lottery Company six per cent January
and Six per cent July I; the New Orleans
| Gaslight Company six per cent December
! Is and six per cent June 20; the Louisiana
Sugar Shed Company 81 per share January
| 10 and 81 per share March l; and Stern
| Fertiliz;ng Company six per cent March l.
The following dividends were declared
| during the year by insurance companies
VIZ:
The New Orleans Mutual Insurance AS
ISOLATION, for the year ending December 81
| 1872, for the first quarter thirty-fve per
cent on preMlams and two and half per
cent on stOcko for the second quarter, thirty
| five per cent on premiums and two and
| half per cent on stock: for the third quar-
ter, fifty per cent on premiums and two and
| half per cent on stock, and for the fourth
quarter thirty-fve per cent on premiums
and two and a half per cent on stock. The
| Lafayette Fire Insurance Company, for the
year ending December 81, 1872, sixty-eight
per cent on the amount paid in, to be
credited to stock notes. The Sun Mutual
Insurance Company, for the year ending
December 81, 1872, cash dividend Of
thirty per cent on the net earned participant
ing premiums and ten per cent On the cap
ital stock. The Home Mutual Insurance
Company, for the year ending December
| 81, 1872, six per cent interest on all out
standing scrip. The Commercial Insur-
ance Company, for the year ending March
81, 1873, on the paid up stock $40 per share:
en- the unpaid stock $40 per share, to credit
OF final inguishment of stock notes, and
$40 in cash, and eight per cent interest on
all cash payments upon stock. The Louisi
ana Mutual Insurance Company, for the
| year ending February %, 1878, six per cent
| interest on the outstanding certificates of
| scrip, said scrip to be converted into CAPT
tai stock. The Salamander Fire Insurance
| Company, for the year ending December 81,
1872. four per cent on the capital paid in,
| and sixteen per cent ON the net earned par.
| ticipating premiums, to be placed to the
| credit OF the stock notes. The Merchants
Mutual Insurance Company for the year
ending May 81, 1873, fifteen per cent cash
| on the net earned participating premiums,
aud ten per cent interest on the stocks.
The Hibernia Insurance Company, for the
year ending April so, 1873, interest at ten
per cent, and a dividend of ten per
cent On paid in capital and forty
profits, the interest and dividends as
above placed to the credit of stock notes
The Crescent Mutual Insurance Company
for the year ending April 80, 1873, quar-
terly interest of two and half per cent on
stock and cash dividend of thirty three and
a half per cent on participating premiums.
The Factors and Traders Insurance Com
pany for the year ending April 30, 1873, ten
per cent interes: on stock and thirty-tive
per cent cash dividend to the stockholders
on the net earned participating premiums.
The Peoples Insurance Company for the
year ending June 80, 1873, ten per cent
placed to the creGit of stock notes, and
fifteen per cent cash dividend on the net
earned participating premiums for the Year
The Union Insurance Company for the year
ending April030, 1873, s. per share. The
New Orleans Mutual Insurance Association
for the year ending December 81, 1872
twenty per cent cash on net earned fire
premiums, fifty per cent cash on the river
premiums and ten per cent cash to stock
hCJ1 bn (.or IpS