New Orleans daily crescent., 1859-10-18
Nefu Orleans 4aitp Crescent.
TUESDAY MORNING, OCTOBER Is Is.a
Ntm Orltans Atontp Nlarktt.

Monday. Oct. II, fsse
In general money matters the week opens very
quiet, SO far as bank movements are concerned.
The calls on the banks for discount to-day were
large, compared to the same day for weeks past,
and the offerings for tomorrow we're pouring in
freely up to o'clock to-day This is manifest that
business is resulnng the course of the season, yet
there are very few country traders and dealers in
the city. As for the bone and sinew Of our great
bnsness-the cotton and sugar growers-they cam
not be expected to appear on the flags for some
weeks; they are assiduousy engaged at home
watching their crops-many of them after trips and
jaunts Northward. The receipts of cotton are
large, which are placing many factors in a strong
position in their pecuniary resources-in many in
stances far ahead of their obligations and it may
not be assuming too much for us to remark that
they are far ahead of the maturity of their obiga-
tions, and in situation to discount or anticipate
ttaer issues. On the street to-day there very
few offerings Of paper; in fact, it appeared like
holiday with note brokers'
Some time last season we had occasion to call
into question the propriety of many remarks in re-
gard to our insurance companies, coming from
different sources of the country, more particularly
the course of our companies in regard to risks
on Red river the subject of comment. We, in
brief remark, explained that the insurance compa-
nies Of New Orleans had never made dollar by
taking risks subject to the navigation of Red river
that they had paid more losses than ever received
IN premiums. Our remarks were rather tarty and
in our opinion unjustly criticised by some of the
Journals published in Shreveport. And in one of
the journals Of that place it was suggested that
planters and others should discard the "extortion.
lists " of New Orleans, and give their patronage to
| the local insurance company organized at Shreve-
port which was then apparently in course of sue
cessful results. We were aware there was sufficient
business for all the insurance associations organic
ed in Louisiana, including those of our city; but
the sharp reproof and animadversion we received
for calling into question the charges against our in
surance companies, we deemed unmerted, though
at the same time we expressed ourselves strongly
and adversely to the course pursued and the rules
and regulations of the Board of Underwriters of
| New Orleans. We also intmated to country nsur-
ance companies that their porte feuie ~ must be
| strong with liberal cash balances to condnct sue
cessfu business. As sequel to our remarks, we
merely have to note the following, taken from the
| Shreveport Southwestern of the 9TH inst
| The Shreveport Insurance Company was dis.
solved last Monday (the Sd of October it is pre-
sumedo and commissioners were appointed to
| hquidate its affairs.
The Exchange market to-day openedwith a large
demand for sight funds on New York On Satur-
day at eight of the banks the demand for checks
was light, with sales at an ath@4 prem. At two of
the other banks the demand was heavy, and con-
siderable sums were taken at / premium To-
day outside drawers sold freely at par@1-l6 prem.
with double Al being under very brisk demand,
and taken freely at an sth prem The counter rate
at the banks was t@4 PREM We learn that on
Saturday last there were sales of Al sight at Mo-
bile at a Rct. dis. We quote our rates to-day at
par01-l6 and prem. Three days sight at dis :;
ten days sight 4@a dis; thirty days sight sal dis:
sixty days sight from aGl2 to 1902 get discount
and fraction lower in many cases. ~
There was also sale of $300 900 seven DAYS sight
on New York at dis. In Sterling there were
sales of clear bills at 1O9@1O9a and lOs 9-l6-deal
| ers' buying rates. Document bills are plenty but
| take very broad range, say from l074Q1lOs up to
lOs4. In Francs there was very little doing-we
continue our rates for various grades,
| and 5.ls2@5.l6l for good bills on Paris direct.
There was some desire to move in stocks and
bonds to-day: we have to note the sale Of
Sska of State bonds issued to the jackson Railroad
satU in favor of the Old Nashville
hailroau .96.
Of the State has to foot the old Nashville
delinquences, which it does by paying abe interest
promptly, and will pay the principal when due, in
1870 In Bank shares, we learn of the sale of 20
shares Crescent City Bank at lOl4 rs shares of the
same at lO2 and another lot, Is shares of the same
at l02, and so shares Merchants Bank at lO1
The Canada's letters were received to-day; that
is, the private correspondence do not read hope
fully in regard to cotton There is large quantity
of low grade cotton in Liverpool wholly unstable,
and which bids fair to play the mischief with the
importers, or holders thereof, in more respects
than one 4d is talked of cotton that cost, laid
down, Cd. in the Liverpool warehouses We give
below circulars received, which exhibit a decline
in the weekly consumption of all kinds, as com.
pared with last wear