New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-12-28
Nem Orltaus 1ailu Grestert.
WEDNESDAY MORNING, DECEMBER IS, 1859.

1890 s~ssss..
WEDNESDAY MORNING DEfTMRER ~ 1870. /
Hfft1 03rffans flnnfW Mf1rkft
- e
csEscssr 0yyIcEs No 70 Camp stree. Il.
Tho Mora, ,,o~t.4 =; ,sora..1 ~. :. 80
near moved alone v.vv e..,r to.dav rho,,o,,
tbs entre co,,s =, a. - ~.
reanon6ed n IN fa.4 or,r, 49,. t,,f t...,,
granted that does ~ s;oni,, trot - AZ,
money market-tbongh n faclites ~ horro,;r.
are becoming restricted Il 4 IL ~
ceedino on The mart ~ No !,
ed institutions. Jtis wen ~ INV -,
he too greatly inflated. We bea, dolly t,,s $780,.
9. wbv don't onr banks do - and :, 49,.
.bev +ate the excbanoe basea ~ co..,,. -, =
ouest;on easily nronounded and might no :. ..s;lv
answered if some Of the mapy planters or Grover.
of cotton would not when thsv have 4 cbecE On
howl do,oord t1,a ooId A1.bnnob re bea, ! sraa.
aooI a,ont .ba reaI cold yalr,e ~ cotton 80 8.
hove 70 Learn Tho trat Instance ~ ! Manchester
.,,;,rar - a I;verroo, ;mnorter and snecn,ator
,,od ,;tbar - ~ Invested &, cotton direct
,a,..,.,e,,., - ~ Ran Nos ~ aont for,rord anu
1oro. a,,ant;.;as of sovera;ona ~ aven RANK Of
Ena,.nd notes bacanae The interest accru;no MIGHT
~ s.rono. mr. bova tho Nov yor,r so,ks mt anv
oo,a b;.,,ar ,o, tho No,v Enc,en5 r,ornsa ctnrera
anytbino eyond ,etters ~ credit and authorization
n drow. 10 hove a veru c,oae exchange ,na,ket
which NAV con,inne for some davs n the detr;ment
of,aroe c+;ons IN cotton Il nav rawer verv
we'll for nlanters and even he great and aovere;un
state Of Mississinni-no,r nnder nrotest and rem.
d;aton- Ia saw r. buyers q n Won want nv cottor
come for Il and Won shall have Il for gold n Hand .
These resolves look veil very vel, m naner. Int
notv outstanding thew have been reneated and pro-
claimed from wear to wear far 1 fftt of century
we have not heard Of 4 hundred Thousand dollars
no. nor half Of the sum-beinc brought to this
market to be invested in cotton for English and
New England accounts. There have been at times
sums in doubloons sent from Havana to be invested
in cotton for shipment to Spain, and some other
small sums Of both gold and silver to be laid out in
cotton for Mexico, Large exchange dealers have
imported coin, even banks have imported coin at
various times, but these sums were invested in ex
change. In fact banks OF our city, one year with
another, have received very poor and inadequate
returns for ordering their exchange balances home
| in coin. There ia nothing in the charters OF the
banks authorizing them to take paper, otherwise
called bills Of exchange, maturing beyond the
limits of the State or across the Atlantic ocean.
True, they might facilitate commerce and trade by
taking bills on the Fegee Islands or the Sultan Of
Turkey, payable in Constantinople, but these bills
would not bring legal gold Or coin into their vaults
j, wherewith to meet a factors check given to Q
planter for sales of his crop SO when there is
SO much said about gold, and SO many inquire:
: made and SO many opinions advanced, why dom
the banks import gold? it will be well enough tt
understand, though allowed to deal in gold ant
silver, they are not required to go beyond the
limits of the State to buy gold. But to curtal re
. marks and cut long story short, the importation
of gold will not pay until present rates of exchange
have ruled at least for ten days more.
7, the meantime we have tn state that the gene
r.1 Excb.noe market to-day onened 1anon;dly
orod o1onn +orn;d,v and c,osed dn,, With M yer
l. ,ro,a co,+rects mr. narot;ations haino closed nh
counter ratio for cheeks on Newyor,r was steady a
y sooa .oc+ d;s With fair ;nouirv (,nts;da aonh,
A. drafts sold at ! s9ct and GOOD Ia fair from II
1.1e to140a1l die The market beine veil sunnlie
lie a. these tignres In s;xtv davs scht te ofar;no
were not az free AZ on Yesterday thouph abundan
= We ,ota solos nc se,acted n.mas a. oi6a9a a;v
: o,a ,or,o Az no. ofarad ond ,ac,;nad ~ 81 a;
We ouote extreme rates from 81. "a. "a 2a6a3 5gc
- -, 80. ~ q, ", =;
/ 49,
II III ioreish, the uuh features houoeu si'ice rIiua
ias' prevahea' senuie honaon nanhefs oreui
S. - ,o,,l.,o-1 :.
to quote from lUb80lOi3 ana lOtS as extremes II
tho Ctarng h;lls now on the markat or lilrelv In
on the market this present week. There were n,
-
MANY oHerlhes ol uocuineht DIS. ne queue goo
drafts at from 1065. 1064(Ml07 with some bill
based on low qualities and controlled by other di
:. I'M 1ne,<a,ocI
advantages, ruling AZ irom Auo, lVo4@9Auo9.
Tn francs n marked decline has taken Mace an
~ AAAAes - ''.' nv" ~es ' '>.-. p.oS' -"
| quote several transactions at 5,Z64 Paris d
~ " 80 - >S-
rect Tor Al, and some OF lesser note at 5.364 mai
ing extreme rates to move at from 5374 (15.26{
Tho o,,oro, m 1,o;nr ~ oil baro 20 ,,ora,, q, II
-e " ~ " o' ~ =
made on this exchange at these figures; but VIII
$50. - 2 , = :.
-, W
s.,o,,, ho,,s na % ~, .,,o ,,or,,o. ,o,.;,,,,
" dnll and nan;m.te sliobt srror ha vino occ,rrs
v +ronsnos;,;on of tho fanres of tho annno, .,a,,
MONT of +ho Canal RarL va ;nsort a ooo;n w
,-.-, A. ,.,, ~ =,