New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-11-23
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oREsoEgF OFFICE, No. 70 Camp street, :.


Monday Evening, November ri 1858 ;
lugenera money matters the week quietly. The
most important transactions to-day in the way paper
the sales Of Of Il Il commercial signatures
st the rate Of per The impression prevails THAI the out
side rates of interest for choice good signatures will not for
while go above these rates There are however, some names
which are without doubt ntriuscay good the but
hays reach the prestige me which cannot be placed
lower than ID per These descriptions OF scuiethatis
Of longer date than months at in the New
York market could disposed unless at great sacri
ices 1t hardly auda the discrimination
made by dealers aud bank directors paper managers
generally supposed well posted up in the general
standing aud olyency Of the makers paper which
before them aud Of give the that
comes under the Of strong paper many
stances rejecting paper which will promptly paid but with
out the prestige Of fame and high sounding We have heard
equ ny by in paper that they have
lost by paper called strong passed the bank parlor
they have in that had been rejected However, there
Is no app eation for these remarks moment while The
banks under great redundancy means But there nre
complaints that preferences have given in the case
Of bills OF exchange and this is the year when
many parties induced to into the purchases of sugar
ana moasses for shipment the Atlantic cities extended
liberaly sSuggesive ia the furtherance Of trade
The Exchange market neither brisk quiet to day
The rate Of checks at the banks New York q discount
Outside there was disposition eynced harden the
Pott OF drawers holding sight at M and sales days
sight being made per This an advance There II
however probability Of enhancing rates above
There too large basis for exchange to be carried
out for the present iii time bills sales osxy day
sight az lilo, "a Ia and discount some
commercial bills 25 2 discount There were also saies
Of seventy day date drafts Ia The market under full sup
ply In foreign acre clear Sterling I0T 1916
"a 0-beng for remittance higher were obtained than
being for dealers The market rather heavy Dnr former
quotations. say 07 = 1O7S cover the market Bits with
shipping documents Ice 1855 lO6{ and sig.
natures at l9 Frames 52& "a $50 remittance being
5@f5a th b26 The telegraph dispatches New York Of
Saturday evening quote Sterling heavy little demand
at lU9 9 l0g6 commercial bills los a 1857 The market
was well supplied In al probability the York market
rates will not decline Taueh below 86 per prem
forgood 70 bankers Serng though really we believe with
the documents of shipments produce bills many
bs denomin1ted bankers. The dmnutive shipments Of
Dfesdstuda and provisions Europe generally lessen the sup
ply of bills and cotton exchange will prove good request
There was nothing done in stocks to-day we nno
the sales OF 5000 city bonds in favor of railroads 49, which
denotes further advance,
We learn that for subscription to the eapta stock
Of the Louisiana Tehuanepee Company Will be opened
row. according to notice in advertising columns 1t is
hardly for dae Importance of this rous
and the object of the Company The advantages TO derived
from lbs success, hich has been fully established by the recent
communication with the Pacific through the Complny
steamship needs no ommeut at this time The impression e
lists that large subscriptions will follow the opening books
Rnd We shall soon have the privilege OF competing New
York Tor share Of the great California books for
subscription will be found the office the Company Caron
deet street. under the npeutendence of
fear Hilhenus Bogart George Urquha Geo NJ Pfnckard
j. T. Harrison and John Goodrich. would be sape luou to
remark on the high commercial and standing these com
misSpners enjoy
The Weekly Statement of the New York banks of the 18th
inst aud remarks by New York writer contained in the