New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-11-01
Ns@ Orkans DaiIp Cresttnt.
TUESDAY MORNING. NOVEMBER ! 1s5a
geu 0rlsaus Hlonep Mlarket.
CaLscEy7 OrrrcE. No. 70 Camp street.

m, Monday Evening" Oct 81, 1859. !
The week opens very quietly in moneyed circles. |
The calls on the banks for discount wore ,noder.,.
N hSchahge there were larger offerings, and as
the "eA'her moderated, with good receipts of cot
"n ana very respectable sales, the general money
iharhe' moved along as satisfactorily as could be
expected. Nothlng remarkable, therefore, trans
pred In general financial circles, and we have only
to note that sales of paper were made from sac
and 7tGs yet. y annum, running from 40 to lao
days. The recent fires, that is, those which have
occurred since the Dist inst. (Which includes the
hardware house, or house and contents) up to last
evening will require about $500 900 from our seve-
raj insurance companies and agencies, which, of
course, they abundantly able to meet on de-
mand without the usual stay of sixty days.
1t is not out of place for us to recommend to
every housekeeper, every individual that has any
thing insurabie, that insurance can be effected and
realized in case of loss for any sum down to $50 ;
therefore, there can be no excuse for people to
be unprotected when there are so many associa-
tons and agencies for protection and insurance in
our midst.
The English mails, by the Persia, to the 18th of
October, were received in part to-day The pri-
vate correspondence reads on the $3.50 order.
There was good supply of money available on
the London stock exchange at the rate of 24@2s
get per annum The bullion in the Bank of Eng
land had decreased for the week 81 $50, 0OO Some
correspondence say that money could be realized
at the rate of 2t@24 oct, which may be called
very cheap. The New York money market con-
tinues to be under free supply at quotations
| which will be found below
| Our exchange market opened sluggishly this
morning. The banks held over the counter for
| checks on New York at an prem; for round
sums par; outside the rates for choice and Al set
tied down to an dis, SO that figures above par
| may be considered as out of the question. We
have, therefore, to quote sight drafts and checks
from 1, 3-l6 and dis, and bank checks par to an
premium; one to three days sight 4@s dis.
thirty days sight E@l get dis. sixty days sight
14@lS and II and get dis. Ffty-five Thousand
dollars in two were taken at Ii dis. Sterling
was dull, decidedly fiat. Buyers were not inclined
to take largely at the closing rates of Saturday, say
l091. We quote clear bills from 1904 @1O95. Bills
of lading range broadly, and are, in some measure
controlled by the quality Of cotton on which they
are made. We quote extreme ranges from 1O73@lOs
and 10s and extreme rates for favorite signatures
l0sa up to 100. Francs quiet, extremely quiet; we
quote 5.2l4@5.164 and sis, with bank drafts at
5.l33 1t is new era in financial circles that ne.
gotiations of and selling of exchange should be
governed (as is daily required) by the quality Of
cotton, which is the foundation of the bills. This
is striking at the root of the evil of sandy ant
dusty cotton, and no buyer will touch the trash il
he is to be called on for an exposition of the seve
raj qualities of his investment This is striking
once and most forcibly at the fundamental error O
forcing dust and sand on the great trade.
In conformity to custom, we give below the
position of the banks On the last of every month
The figures annexed show the condition of oul
banks on the last Saturdays of October, 1850
We repudiate the last Saturday of October, 1857
as our citizens and the public were under the in
fuence of the panic of that year: