New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-01-21
gtn @rlsans stlalltu agathtt.

cHFSsssE o.,Is ss. No e &C. Cs@B ,; s
There change 10 the general Of the money
kst to-day Some negotiations Of long dated paper made
Of yesterday Generally speaking, everything
fagto cotton aud exchange very quiet Buyers Of cot
inclined factors views and there Is
Dip sdon on the part o. the banks TO invest LARGELY in ex
change based present prices The latest Quotations from
Liverpool are 9 o ldd. for Mtddlng.
For Instance bale Of eetn weighing 500 his. costing 10
this per exchange with freight
Va osts upo sell 10 Liverpool cost and chage
SOL OF COURSE with Aese figures hardly expect
very brisk market At This time
The general money market to-day eouesponded with the
opening Of tho week. Some further negotiations Of y months
paper were effected the or IL per Thsre
inan fes mortgage loans at iO@2 cent, precaed
good property.
IN Exchange the general market presented important
variation Some descriptions had hrper feeling The banks
were willing sellers par on New York Outside figures ruled
from 4QD< though banks bought per discount.
Three days sight sold discount thirty days sight iss9lA
discounts sixty days sight ~ cent discount for Al s4
3S and s discount for good fair though sales
reported per discount but it is hardly fair quotation.
Sterling with bills Of adng taken to the Of f5 0o
l0s0a and l06 clear bills from io6loTz Bank drafts
i0s1<99 Francs under senng aspect and quote rs
05 S. and 59O615 IS AT the time there Is hesl
taney from the that there bills returned from Have,
but whsihsr New Orleans speakeh
sosksodas only heard Or the sale Of so shares Loni
ssna Stale Bank At i3s In NewYork, the 18th inst
Of Louisiana State Bonds made At So.
Our dates from New York tho l2h ns which says Of
foreign There il only moderate business doing foreign
bla The magi still wide In good times the
charged BY bankers vary only x cent, but there
difference Of ~. showing that commercial
from being properly adjusted Europe the United
States We snnsx the curren rates for next Wednesdays
steamer
London. losl<eeii6% iiosSaiiiS
The money circular for Europe Of De Uoppet Co..
ssearasr reported as focwss
NEW gork, sIOudss, Jan II. Isss :
va A saseas z. ns Se INST announced inss recovery Of
then The news BY The from Liverpool 70 the nd and
decline i he as he various siiss Il Europe has sn
,ss ss e, ss n; s md we have e notice
and large In those State stocks that in de-
participated in his upward movement and several q ihe
s s q Fave more q Z % sSss station
Gay raaeiy aud Rsqaa Boas however they may BE-
which participate be spesusiivs move
mss ne sesssyy h sst seh Nevertheless they not .
- the sallary elects Of the resumption BY the bank Of b
10 dsis % ~ s Ss Ss g a saS porter
ss note has aa e s sss aY s
qies whose banks held then only s6sl6l 10 gold
"a sdaioS 70 lie specie shipments. aSani
y export and i may s Concluded a the country u.1fs
sfssg snsazea y paying e y forsign debt State Stocks
i Is fates ~ a t isr ho Ioans Ppsr eusde y banE
i''@ sssasa qsss'dis TO class and sHstH n,
II apoear iat The recent reyusou is likely 10 change tho
meds q anaetng buaess Indies and Eng
land Tho reformation suggested IN the following eoca.
lon which take from ms London Times Of sd nit,
the mode W which Ea share Of the shipped hence
has BEEN wAFaed TO uArkss for many years past
4 "siR--rhe Losses nov suained By many Arms being
ohEsd suspend As stated n their circulars,
bills held On other houses who have failed ought 10 teach
al lesspn, which, II duly taken heart wl be eheapy
4 bought a, The prize Of present diffeRilies. M 49,
The Hast India banks have since 1851 been endsavong 10
establish the aachmen Of documents bills exchange put-
NV uad -s,t.
adopted they much OF their personal immunity from ser
ohs losses Allow me, therefore, suggest as simple preeau
A tpp sgaias similar finfes hfuue that ali hills dr1wn from
abroad o. from ibis connsry foreign pisces be accom-
ponied BY the docunzniH securities which the bsa are sup
posed sPsu 70 be held for paysno acceptance as may
b. agreed. 4s.ss vs.
~Assruls. bora s bills represent bs or proluce and
shpad carry eis value tes backs and b doing
ieFss o. the drawers enorses aaa aecepors equally pro
tected while speculative and ACCOMMODATION paper even via
coed names tei,, q discouraged. ~
marginal essdlis from 6eoch and Liverpool banks as vel
slarse amounts Of similar credits" from private ns ant
pessous here whose standing means now see news
ened them TO any such ered under which The securities pro
perry applying DE dras sge en their banks have beel
the means Of laaang The foreign trade Of this country 10 Al
extent he danear Of which ianSw apparent and aordiag
lmprPe facilities 20 rms persons without equae capita
TO carry sreenlans in exchange produce Of akhds
attic k Of The banks hy tair bills and % the detrimen
who look for fair for the capita
and Keep within their means Of payment
The dates Of the Essi India bills six months sight I'M
known % other trades might be adsantageonsIy eure
20 four months sight by general between te bank
Tiers and bankers and money dealers hare aordng nnneces
sasy encouragement osetadng by persons VI inaieqaai
neanA with documents aud for speculative operations pu
chased open at the time throwing enormous amount
bills this market dangerous al concerned eid whic
could only be circulated With the endorsements banks
woad therefore, suggest that The time Is redus
these to four mouths sight say dae Eve months shipuel
Of cargo ard SLOWING ample time for the arrival goo,
!. Represented by the BILLS s- f.t55a f.ts5s4 4
No distinctions shoaa BE- made ID my view Of these som
oasnssa ras and great houses Hood the country
ts seeepaaeea ne h % ladng produce such b
a represent shoald b. staehed 10 them.
III AM Sit. ETC..