New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-08-28
THE COMMERCIAL DEPARTMENT.
g1eb ORLEANS Mlonsg MImket.

cnEscErr OFFICE, Moro Camp street,


E.I .- Wednesday Evening" August II, lso1>
Summer ueness holds supreme sway. The demand for
money was almost next to nothing in article drug
and is soaking Investment at Bank rate Of interest," say per
with tenders Of loans at per cent on good
securities realizeable within four and five months although
elean from New York OF Yesterdays date quote
dfclt 10 negotiate good 60 ays paper at per followed
nv the r,yae corespondence from liverpool brought by the
Africa Of ts 9th inst which came 10 hand this morning quot
ing money at AZ per cent No change whatever has been
eectod II or market In fact those who have money loan
or who are investing in paper from day day to
he iuaueuced nv what Is going on in London PaI Wall
street Our good city is kind world itseftis neither
moved NOR yayed y what transpres in other places Money
an short sny 40 das is worth III the great financial centre
New York; Of this continent 7s per cent The charac
fer of pape in our market ia READILY tken would be taken
if offered at per cent There Bank IN city but
what can discount all the good paper Offering having beyond
on DAYS rim If adyices arc 10 be credited days and
months commercial paper in NewYor negotiated less
ttnn e0ner cent We often observe loans in NewYork,
termed call loans which are made at less than legal Of
interest on pledges of ocks such stocks United
States ST., per cents New York and Massachusetts
STOOLS Rut II ia se,o that Iona 6e holder or owner Of
bep ocks liz II, want of money consequently many of these
call loans do no, amount to much and afford no what
ever s tIe value or worth of money Long dated paper having
IN and 10 months tn run of the highest character cannot
day he negotiated in New York Boston, or Philadelphia,
beer rates tian 125 Der cent and we doubt very
conld he negotiated at ALL The same description paper
h, The came lime 10 run cond he placed here olay
Tho amount NJ ,ndrels Of thousands of dollars hut approach
ipo IN milonE at & to o per cent '@F
Tho Exchange market is very firm at our rates yesterday
rrness tere IL change far the better in New York should
nt he srnrsed that further advance in sight funds on
York shoud take place within days. and although tine
. o' "a, N fN -, a.. -, -, a .n;,or n ~
Banks i'll Inc aggregate hoe touaf nea'iS oh' i'' " '
change year this time the amount OF actual cash
~; Northern ,pds is very low The
=. ~ 49, gov u, c,tor for cbeclss nm New York Sixty
at "a per cent over Inc counter lof ciieehn vi Wv ~
days sight is held by private bankers at l per cent us
nee ~ i~ 's i =. aooont ~ 1,r,o, ra tes
dis The amount, however, is too small to make
ot,t;on Int te market tending in favor Of drawers and
"H y, , -. ~ - 7 U.s.
| Will lot some time longer.
Sterling sales Of clear bills at ga. Adces from
New yor If yesterdv,A date ouote rates a9 The
:. 80, y. -, >. o1IIa,as< for .,oa to At hills
OF our market may VIC paFeu u. '[f9s'Is AZ $50 n
There have been sales this week in small sums 10 dealers at
nor Na.I,nt- doing in Pills Iadnp-tere
r. - a;at ten ro,o. ,on,;,, frn,,, e o. <G5f15
| me- fifles 4uie', WIN 'nte' 'si7
There drafts drawn in sen Francisco on ne" o
rjn in the market to-day Of the omission
| - f,,c,.,;o ~ arnta,
| Phst'eht W 'he osss - ..,',. = -, =. -, c..
the Bonds of that State, with other IN Inc
ca transactions is difficult place drafts
/ na,;,,, fro,, CaIirorr;a in This rerion 555
| .e $50 -. - ~. - ..:4, r1,a .o1os +o
The Stock market maintains its firm attitude Ihe sales 10
day were fifty shares Of Louisiana at S50 1t is
,so o - ;s Jorhu, If t,ar. arc anv arpe narccls oil,
ie' s ~-' ~ y -, -. M, n, .t.-an ,roo,,,-,o