New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-12-03
Aeu ORLEANS nlontv Mlarktt.
esEscEsr o.rles, No. 70 Camp Il

eREs'Esr o Fss, Ne, 70 ca%g a.. ssss,
The general Money market moved along very
quietly to-day. The calls on the banks for dis
count were heavy, and fully as much as they want
ed. Outside the supply of money continues free,
which is something of an anomaly. Buyers Of
paper are numerous at s@1o get. for choice and
good names maturing within the spring or at this
time twelve months hence. In short paper there
have been very few negotiations made public, and
good and sound names can be placed at the rate of
6@7 get. As for call loans, they are few and far
between, and not generally deemed of any note in
our market We quote this evening as follows:
Three and four months paper choice and good..6 Pct
ouf 70 x months choice to good @ fct
Twelve months S1slJi0 Pct
Mortgage securities, first-class, are very scarce
Money can be realized this kind of paper at the
rate of 500 get. On asecond-class mortgages,
which are not included in the table of fire-proof
brick stores under good rentals, we have to quote
901ll get. We have also to quote that the usual
tonsoria rates well supported, and that dealers
who disregard irstclass paper have full employ
ment for all their spare funds at the rate Of H. IL
az yet. V month. The banks, as usual at this
season, are not discounting anything worthy Of
note maturing beyond ninety days.
Inc ExCHduRe mATkeb was uc mOSC prominent
feature Of the day. The large operations yesterday
led to some further movements to-day, bringing
about stiffness in Northern sight funds, which re-
suited in small transactions at 4@l dis. Some Of
the banks purchased good sight bills on New York
and Boston at dis. Double AL drawers outside
sold at 7-lG@3 dis. The counter rate for checks
ranged from Hot dis with no great anxiety to sell
largely at these rates. There was reported sale
of bank checks to-day at 9-l6 dis One of the pro-
minent banks, however, would not look at any ex-
change above dis, and take the market all round
sight funds on New York and Boston were firmer
closing in favor of drawers, when compared with
the closing rates Of yesterday. In sixty days sight
on New York there were transactions at 1902 u
ct. dis. for choice and good names. The extreme
range, however, ruled at 1i@2 and "a get. dis.
Though there have been sales of sixty days date
on Boston and New York at l5@l1, these rates
were old established signatures. There were seye-
raj sales of sterling clear bills at 1osa@i0ss to
1881. London bank credits were freely offered at
l0s2@l09, which were extreme rates at the close
of business to-day for the general run of bills
nevertheless, we must not be too fast, and omit
noticing that remittance rates ruled from 1890
1904. However, the demand for remittance is very
trifiing and dealers and buyers had the call to-day
and they will maintain it tomorrow. In document
bills the transactions embraced some some sales at
l0s}@lOsa, though the extreme rates ranged from
| l074@10S4. In francs there were some transac.
tons at 5234(95.2l{ up to $40. Also some small
| sums on Paris direct at 5ls3 The market was
heavy, and closed altogether in favor of remtters
The movements in Stocks and Bonds this week
| have been on the infinitesjma1 nrder Wo note 1e
shares Bank of Louisiana at 1874 IS shares Unior
Bank at 1881; 43 shares Bank New Orleans at l04s
and so shares Southern Bank on private terms.
The following figures denote the value of Bank
Shares and such securities as offering: