New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-10-22
Nep 0rleans lailp Gresffnt.
SATURDAY MORNING. )f,TogFp I.s % iasa
9letu ORLEANS Alonfu atlarktt.

ytres
Friday Evening Gel n, I5s |
There were no transactions in the money and |
paper market to-day of sufficient amount to receive
notice. Even the calls on the banks for discount
were on an extreme paucty, as though there WAS
no business doing. In fact, outside of cotton,
operations, with some daily sales of Western pro-
duce, stagnancy and dullncss in general mar
ket, were the prominent features. 1t is hardly
necessary to give table of quotations of the rates
Of discount paper, for short paper, or short
loans can be realized at the rate Of SOC i2ct and
choice to good commercial paper maturing inside Of
% to 100 days can be placed at from 6lD73 Get,
ana the general run of business paper at from s(09
get, having even four months to run. There is
very little paper coming under the scale of bust
ness maturing inside Of 80 days but what meets
with favor at most of the banks. 1t can hardly be
expected, however, that our banks should coun-
tenance Messrs. Dick, Smith Co.'s drafts, made
away up in the West in some small village. saw
Messrs Tom, Dick Smith 4 Co., predicated on fat
boat load of hay onions and potatoes or on droyes
of horses or mules, which, however are all-import
ant when estimated in the right place. Our banks.
however, do facilitate this kind of paper when sus
tanned by city NAME There is very little demand
for mortgage loans. These can be effected on as
low terms as ever before KNOWN say from 8, 90l0
get. for choice to good, and l001l2 for good to
fair. The usual tonsorial transactions in second
third and fourth class names take place every week
at from l29l5 and 1920 get. u annum These
negotiations or grades of paper to be paid
at maturity. At the same time, as we have before
remarked parties who invest in these second and
third class securities would not look at the very
best Of paper unless at these figures though such
paper would be readily taken by large capitalists
and dealers at the rate Of 6@7 get. SO the money
market wags, and will continue to wag SO long as
people make notes for it to wag on.
The Exchange market opened dull this morning
though the brokers were out at early hour, some
with few bills in their hats some with memoran-
dums of what they would and could do and others
with bills actually drawn Buyers seem disposed
to hang back, and the market moved along tor
pidly, sluggshly, and closed dull as the greatest
bear could desire. Drawers Of Sterling were hold
ing their drafts at ITO; though there were some
who would accept of 1921 and 109z. Buyers did
not in no way appear in q mood to yield to these
figures, and very few transactions are to be re-
corded in this days operatons-we quote the rates
buyers are willing to pay at from lOos @109a0 l1O9a
In document bills we have change to quote, and
place the rates at from los@l0s4, l0sa and l0ss,
For remittance in small or ordinary sums we quote
from l1Ot@ll0s, bank drafts. Francs are scarce
yet, there were more offering. or more to be had
| to-day than yesterday; good and choice bills on
Paris direct we quote from 5.l74@5.l33, and the
general range from 5 .204512s. In domestic funds
the demand was fiat and symptoms of decline
were strong. The counter rate for checks at the
banks was uniform at prem, with very light
inquiry. Outside double AL drafts were taken at
an prem, and other good names at 1-16 PREM
we quote from parrot prem. The impression pre-
walls that quarter prem. cannot be sustained for
many more days. In sixty days sight the offerings
were moderate, the rates ranging from 1t@14 and
ls@la dis. Very few satisfactory bills to be had
better than 1{@li. yet we have to place the ex-
IRENE range-from 1t, 14@l4 get. dis.
We have noted from day to day the sales of
stocks and bonds, and have only to quote this
evening: