New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-12-24
ae6 0tIeans 9aiLr Crestent.
FRIDAY MORNING, DECEMBER q, 1853.
GLEN ORLEANS zftontr 3flarRft.

GRRsCBNT OFFICE No Cterrrt straaf
ThursdaY Evening, Dec z3 1883 g.
There were no changes in the general money mar
ket to-day. There is good demand for factors ac
ceptances at a q cent, and we'll there might be-
for there are no better securities at present in the
known world-that is, for every day investments,
than the drafts of cotton and sugar planters on their
agents or merchants, otherwise denounated factors
paper True many factors have, in years gone by,
accepted, the phrase is, gone too deep but the
success attending some old fogies has moderated the
disposition to issue paper amounting to hundreds Of
thousands Of dollars and from what comes under our
observation from day TO day, there are no safer in
Vestments for capitalists than the general run Of
planters drafts ACCEPTED this city. It is no use for
Some dealers or bankers to be prating on what is
termed strong. During the last twenty-five years the
banks and dealers in paper have lost more ty what
has been termed strong paper than on second aud
even thrdclass paper. However, there is very little
money or very little loss expected to arise from in
vestments in paper this season.
The most important intelligence to-day was the an
nouncement Of the arrival of the Louisiana Tehuan-
tepec Company's steamer from Minatitlan, with a
large number Of passengers from California The
successive trips of this steamer and all within the
allotted time has been duly considered and from the
success achieved it is reasonable to assume that the
Tehuantepec Association is a fixed institution and
the moneyed men, and even those without much
money are destined to reap the advantages. As for
a railroad to be built to California as is now debated
in Congress- it is folly to expect that it can be real
lied. The General Government has no money though
its credit is good but when hear talk Of a rail-
road over the Rocky Mountains to be built by the
bond system, is about time to pause and consider
that even the credit of the United States may be
compromised by such movement.
There We're some few transactions in paper to-day
within the range of a q cent for long dated
The offerings in bank were moderate though fully up
to the income of each. By-thebye, there are only
three banks which discount regularly on Thursdays.
But that does not make much difference as the chief
executive officers are authorized to take paper from
their regular patrons.
| The Exchange market all round was not so firm to-
day though some drawers Of Sterling asked higher
rates, they were not responded to promptly In bills
of ladng drafts note sales Of good signatures at
1915 q 1913 q 1854 In clear bills the transactions
| were moderate. Some sales were made at l0S5alOS&
to l0S5higher than this did not learn of trans
action though we are aware 100 and over was asked
| based quotations from New York and the ad-
vance in sight funds that point In francs we did
not learn of any large transactions and have only to
| quote 525 "a 5223 up to go q, 5I74. In domestic
funds there good inquiry, or rather the usual
| inquiry. The banks were selling checks at g. and
large sums were obtained at discount. Double Al
drawers outside sold at a discount and held their
sixty days sight at II discount which was equivalent
to desire not to draw time bills Other good bills
were to be had at l3 q u and Ii discount The
general range Of the market may be placed at u a
II and II a U cent discount, according to quality
as the phrase goes.
The Stock market was steady and firm to-day at
quotations We note the sale of so shares Citizens
Bank at POI, and refusal of l65 for Louisiana State
Bank. There are very few shares of the free banks
offering.
The annual report of the Director of the Mint of
the United States gives the statement of the coinage
of the United States including bars stamped which
has, it is supposed have all been exported. This
statement is for the fiscal year ending the Both June
1855: