New Orleans daily crescent., 1859-11-10
carscTs1 ,ory1cz, No. 70 Camp street, ct,

y
Wednesday Evening, Nov. 9. 1850.
shefe was any change to-day in the Money and
faper market it was in favor of lenders of money
ana buyers Of paper. There were sales of spring |
paper 10 the extent Of $4,000 through two parties
a' the rate Of get There were also sales Of IL
hohths dated paper at the same rate through other
parues. 1t affords matter for comment that there
should De IL months dated paper appearing on the /
market al this time, following one Of the most pro
Inc years OF return on record. True there are /
planters and parties in the country who would in
vest in darkes, in land and other objects to an in
definite extent if our factors would ony use lit
tie red ink; possibly in many instances black or
cloudy ink might answer all the purposes.
There is a disposition to go in debt in most every
section Of country connected with our city, ire
spective of what the results may be on the returns
of the present or the next crop l86O) may be. 1t
is within the province Of cotton and sugar fact
ors to say how far or to what extent such assump-
tions and Indebtedness should go.
1t is hardly necessary for US to allude to the en-
barge of low water. All connected with cotton
and its dependencies are well posted up in regard
to natural distractions. There is a large quantity
of cotton prepared and ready for shipment at all
the depots and shipping points in the Southwest,
duty to allude to the course of many cultivators
sending half or part of their production to one
party or factor in our city, part to another, and
holding the balance for Interior disposition It is
not within the scope Of our avocations indulge in
the many diversions Of crops from what they were
intended. Our good readers cotton factors and ALL
must scrutinze all these movements, and not forget
that advancing on crops to grow is attended with
more or less hazard; yet, all may be deemed as
part and parcel Of the contingencies of the trade.
The Exchange market was freely and well sup
| Piled to-day. The counter rate at the banks for
checks on New York was from 3,ga dis. Outside
there were no changes from yesterday. The best
of sight drafts on New York were to be had at q
ct. dis that is double AL names were to be had at
| that figure to a large amount. But the general
street rates were limited and heavy. We do not
include in our quotations of double Al drafts or
choice drafts, the usual run of the market There
were more time bills offering to-day. The banks
were willing buyers at from ls@lz and Get. dis
for sixty days sight for good signatures; othel
grades ranged from 2@2l and "a get. dis. There
was downward tendency in Sterling perceivable
The best of clear bills AL that is were sold at 109
We have to place the range of the market from
l0s3@l09, and remittance rates from l094@lO94
and l09a. In extreme cases Ito may be realized
for remittance purposes The movements in docu
ment bills were somewhat restricted, from the fact
that with the aid of twenty steam cotton presses
cotton, the basis of the bills, cannot be shipped tt
meet the requirements of shippers. There are
presses in our market which in the aggregate cal
deliver 20 600 bales of cotton per day, which is
fast enough. Truly, may the remarks we published
some days since be confirmed, % that this is fas
age"
As regards French Exchange or Francs, we hav,
to note dull and dropping market at 5.223@5.l7.
for the best signatures Paris direct, and 5.264@
$40 for other good names on outside places.
The Stock market was quiet to-day. We onl,
heard of the sale of 20 shares Crescent City Banl
at lO3. Some few shares of Bank of New Orlean
at 1929 Thirty shares of Louisiana State Bank o.
PIT. The sale of Bank of Louisiana quoted o.
!, Monday at 1904 has turned up, or prove to be
bona tide one. There have been some sales c
Insurance Scrip. The recent demonstration of th
fire demon has created some little stir among scri
holders 1t is hoped there will be very few sufferer
in the end.
POSITION OF THE BANKS OF NEW ORLEANS o.
Saturday erery eeek, commencing rih the financial
Of