New Orleans daily crescent., 1856-10-31
Nelu OrIraus 5tlouep Alarktt.

The general features the paper money market to-day
did not any change Teegaphic advice frcn, New
York yesterdays date quotes there in good demand
of last Saturday There is reaction whatever on
from these repeated depressing accounts from
Northern cities There negotiations to-day OF fair second
cent The calls tho Banks were light though
there is only Bank the Bank of Louisiana that discounts
Thursday Some of tho other Banks have committee
through which discounts made almost day i'll the
week This great convenience and accommodation 10 mer.
chants in fact with good either notes OF
hand acceptances bills of exchange, who desires
banking facilities anticipate the maturity of paper will
disappointed the Banks grant what is desired
private dealers who will and far exchange
At the time it would be greatly the advantage
Of our city, trade, prospects,
discount houses. For general exchange
great competition but for discounts only private
banking house in midst that receives deposits discounts
paper and deals iu exchange. Most other exchange
houses branches of Northern and not
really and truly identified with city The house alluded to
the order of things by having main location in
city and its branches other important points, II requires but
little capital 10 conduct exchange business 10 conduct
discount house. of requires permanent efficient means
and responsibility and if private bankers could he
cougcd 10 locate in New Orleans would rebound to the
general welfare prosperity of the State and tho great South
Temporary aisucns cannot be expected receive
patronage receive anything Of productive character
return III fct is desirable that agencies should he
established with trading the ghy OF
New without having adequate representation of
capital other words do Want fictitious
midst commercial and financial
Nothing of character that be converted into gold
transported away i'll half perhaps thirty
minutes.
The exchange market hal heavy appearance The offerings
OF sterling rather light The important negotiation
OF this class Of credits Of Union London on
private terms, amounting GloH In bills Of adns
there some small sales Ss6GS$..
sales at 9G9 The market toward. the close of
hours became languid under the influence of adrces
York OF yesterdays date quoting first class sterling there
with sales at 526'4 and 55 Paris direct These
the range of tho market from fair good 53O5"5. In
Northern funds; the Banks checking SewYor pnr,
and buying 60 days sight At 2Ht2 per discount Their
destinations at e last figure were large sales of
30 days sight at "a dis The the general
run of sight bills from sGri discount The market
closes in favor of buyers hut sight funds sill, the call
which is owing to the continued New York
market
In stocks did not learn OF transaction Holders ask too
much and those having money this prefer invest
paper.
The United stacs branch San Francisco ns been idle
FOR some time, owing to The Of acid work
Since the partial suspension of direct with Cnl
forna via the sm1s Nicaragua there has been ht very
little gold dust received i'll city and mint hss
been deprived of its efficacy As gold bars all goes 10
the grand CENTER New Yorkso there just long enough he
entered at the Custom ose day next for
London Paris
The movements of gold and silver rccions metals they are
called but they do couer grea, good the world as
from in several the world have three years past
greatly puzzled nnnceS and political economists the re-
cent operations in London md the Europe arr
still more perpeXins The following figures English
calculation though lave altered 50 far as the
amount Of gold production in California is treated
Gold product in California to jan 1856; s35 345 ON
+auS'faal poducl 10 same 2j 52ODU
Total product. s5o7 765,oo
Retained in California. SCI 55 5CO
Leaving for distribution in other States
in fOy Sill
Substituted in The Uniyd States for SIiyyr... 5J0@5VUS
Added to circnlatioa of Great oo0t0Oo
To circulation Of United Stnes.. 129V4lW
To be accounted for 0UDUU0
The revolution in the precious Since 1915
the most remarkable feature i'll this question Ii not vet
wholly complete, though legislation Withholding Of
new the relative standard OF gold and silver have
able to Suy its progress. The Empire has Sl5Oo U0 in
silver and being rapidly and nconyrretly
lis silver change because of the stubborn retention Of the
trofy standard Of 1902 which made dollar in gold en to
Sl5 4Gls in silver the o gold l56i of silver The
inconreniences of this fixed and mixed standard for forty years
prior TO 1875 growing Of the frequent demand for
gold above silver nothing compared with
the evils now being felt BY its stubborn continuance
reversal OF the supply OF tue two metals Tho London journal
very properly tlht will enat have had by
the French Government to the example Of the United
1853 i" rnsnE the silver for ual coinage 6sacq
l25c. II is insisted that this celasenent Of
coinage Of cent. and the esrent Of metals per
in the English silver coinage will have . by further
changed if the demand silver further Saved
tho United States the eg" standard is virtually of gold
exclusively since silver change only legal tender the
amount of S. The the tcat Britain
where the silver change is limited ,hins
Sterling about $40. While France cotinues
mixed, and the silver change consequence iuae
nerchantnble commodity, to the gent Inconvenience Of the
people and The unsettling OF lhe exchanges.
The San Francisco pcc Current jas says in its
financial review, alludne to the Branch Mint;
II is announced that the manufacture of
col'nued lns VIII be mnlter Of very r9'Aternble 'port