New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-08-06
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Friday Evening, August s, isss
Nohin9 Of Importance trAnsprsd to-day In tho general
money market. There sales Of paper maturing next
rins the rae Of sk@s pet Good mortgage securities
b. placed Al es Vet for long dassd The calls the
banks very moderate they have, and ALL large
plus above the rsquremests Of the law. year a this
time money was drug 78 Hct for long dated and good
signatures, and short loans were effected at 6@7 pct
The late or present dry weather regarded
for the growing crops Showers OF rain have only been partial
In their good Effects yet there for complaint
this moment Cotton Of this years growth has been picked
dried gnnsd balcd and forwarded to market for eight days
past and next week larger parcels are expected.
The Exchange market to-day In good condition. The
rate for checks New York steady at PREM,
with good sight drafts outside being taken lli6 discount
and wanted at the figure Very little done In time
bills. round amount Of sixty days sight was placed at y
d Drawers Of exchange the North shy Of selling
large Time at the advanced rates Of ". A9s
dis for sixty days sight The balances Of exchange held BY
the banks growing less daily New York folks are expect
Ing that banks will hayp to lose some millions OF
h they that improbable before the close oil the sea-
New Orleans will have send forward several millions Of
Specie Several millions Of specie embraces broao range Oh
figures. Our banks could lose couple OF millions Of doars
the demand goes beyond that we should prefer that our
banks be excused fnrnshngt We are not aware that
oar community Is largely debt to Now York this moment
yet avalanche good fair and ordinary commercial paper
would forthwith appear on our market from the West our
banks would It, and allow their vaults to be depleted
provded they did not furnish exchange certain rates. 1t Is
highly at Junction that the specie
banks should maintained in tact Two or three millions Of
dollars Of Western paper could bs readily placed
he the proceeds which be placed in New York Phlade
pha Boston aid in reducing the great Of the
West East which has remained uncancesd .ince 1851
Tho drafts this point being based to this
market, which being gathered and operations are
often predcstsd without produce basis will appear BY
Messs A. B. Co. in the West drawing at 60 90 days
connection post here and the connection post here At the
maturity the amount drawing 80 days Northern post
making four to six months Of funds but whether
these operations will have effect discount or paper
market, is TO be dvulged.
There were transactions to-day In Sterling bills at 0
llO l6 clear These figures paid by Dealers and
Of course they dispose OF their sight New York at l69
prem tho operation pays. Remittance rates on London
range 01lOX We did not learn Of transactions
In document bs They presumed to take broad range
say from l08 lO9009 There nothing Of note done In
francs We quote fer drafts Paris direct, and
payable in Paris and 6N5 on other points. Bank drafi
are held at 6.lO@e6.06A. np7 @5s
Thsee have been movements In stocks. We to the
sales Of 500 State Bank $780, dividend
l4g shares Ga. Light Company at m 30 shares Southern
Bank 1O rs shares Union Insurance Company at ?
was refused for 50 shares Cilzens' Bank to-day.
We uuotc follows;