New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-11-08
Ne6 Orleans DULY Grested.
TUESDAY MORNING, NOVEMBER s, 1859.
ash 0rltans Hlonev Nlarkst.
CRESCENT OFFICE, No. 20 Camp street.

CRESCENT Orrcg No. 70 Camp street. !
Monday Evening. Nov. Z, 1850
Inc week commences under remarkable quiet
ness. In some circles the general election going
on was talked of; in other circles it was merely
ainded to incidentally, but take it all round. it was
not much talked Of. Some merchants went and
Voted as usual, and returned to business: others
completed their operations and then voted. In
summing up, however, the operations of the dav
nothing transpired in warrantng us to auote anv
change from Saturday, The offerings for discount
with the banks were moderate. On tho s4r.at
there was some indication Of rather higher ra,es
being considered, but the quantity Of pauer offer.
ing through brokers is 80 restricted that borrowaro
can dictate their own rates when attended by hiah
grade securities. The banks are increasing their
exchange balances from day to day, which ex-
change is just as good as gold, though not recog.
nized by the bank laws. The increase in exchange
balances Of s617 900 over last week is more than
equivalent to the decrease in coin. Exchange is
becoming daily more abundant, and no interrup
ton for the present to regular discounts at the
banks need be apprehended. Exchange will, Of
course, go down, and possibly now and then the
managers of a bank may deem it more polite to
take freely of exchange and assist in moving the
produce of the country than to the discounting Of
paper Of which, by-the-bye, there has not been any
intimaton Of restriction or curtailment as all bust
ness paper rendered has met with favor, with now
and then an exception to parties who may have
been the recipients of large favors through the
son. 1t will not answer for our banks to make
money too plenty. It might let to undue invest
ments, which would not result in any good what
ever.
The Exchange market opened torpidly this
morning. The counter rate for checks on New
| York receded to yet. dis, though some two or
three banks were ready to draw at ] dis. We quote
the ruling rate of the day at l@a dis. double Al
sight drafts at figures, and other good to fair
sight from 2@3 dis sixty days sight at II, II, "a
u dis The market was weak at these figures
There was no variation in foreign bills from the
closing rates of Saturday, still the market moved
strongly in favor of buyers. We quote clear sterl
ing from 1os3@l09 and 1881. Bank drafts are hel,
higher, say from 1O93@110, according to sums re
CURED. Francs dull and tending downward. Tn
transactions with the Empire are liable to muc
comment, the present political position of Franc
and Europe being carefully weighed by dealer
and buyers. We continue our quotations of Satul
day, say from 5.2595.17s and heavy.
We did not learn of any sales in Stocks to-day.
The mail to-day brought us dates from NewYor
to the I'd inst, from which we gather the following
remarks of the money market in Wall street:
The supply of capital continues ample, with al
active business at our quotations. 1t is difficult 70
the banks to obtain selections Of paper as high a
Get. and most of the prime short bills offerin
can be readily placed at the note brokers at 6@s
get. We quote:
pct a annun
Loans call stock securities. .............5 a 81
other good securities ................... $40 6
Prime endorsed bills 6O@SgO ys.,.........,., 5IaG s.
Frstclass single signatures .................. g
A>aules tesh QslO
Foreign Exchange has been quite active for II
morrow's mail, but the largest sales were mad
yesterday. One or two leading drawers of Sterlin
decline to go on at no. having ssld largely at tha
rate, but we learn of no sales of Importance abov
that figure. We quote bills at go days on Londo
l0ss@l09l for commercial, l09s@ll0 for bankers
do at short sight ll0a@llos Paris at so day
5.l515l23; do. at short sight 5.l14@5.lO; An
werp 5.l23@5.l14; Swiss 5.12a@5.1lf; Hambur
363@37t; Amsterdam 4li@42; Frankfort 42s