New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-03-15
f.RxsesssT OryIcr, No. 10 Camp street !,
Wednesday Evening. Marcel, IA. 1sb


eaz.sssT orucE. M. 10 Camp sfrssts.
The tenor of the Money market II unchanged.
If anything Of variation Is observable; II - IN
favor Of owners of money and capitalists. Unfor-
tunatey for our good city, and the very profitable
uses which FIVE TO ten millions Of dollars could be
placed to assist in developing resources or the
couragement of Industrial and mechanical pursuits
and occupations; unfortunately, we have to say,
there are very few owners Of money, that is, real
and bona ide capitalists residing or living among
Us. True, we have several individuals, perhaps
many, who have City or hundred thousand dollars
over to invest. But unfortunately we have very
few, scarcely corporals guard, that would, or
could take loan Of 500 900 at thirty minutes no.
tice. Notwithstanding all this, a tolerabIy large
amount of money could be brought out in regular
business movements. II anything Of press or
panic was prevailing, everybody would be troubled
with the 4 shorts, Our Insurance Companies
which are generally very willing TO discount ronld
suddenly be calling in their short or call loans
and, with all our apparent resources, it is strange
that such securities as the construction bonds Of
the Opelousas Railroad, drawing get interest,"
and jackson Railroad construction bonds should
be hawking about on the streets seeking buyers
at from 1s@20 get. dis. OF course, the action Of
the Mississippi Legislature tends to the depression
Of the general securities and obligations Of the
Jackson Railroad Company and this depression
leads to untoward feeling in all railroad obliga
tons. They cannot be called securities, because
legislation is unstable in Mississippi in regard
to all contracts that capitalists dubious of any
thing emanating from that State, though one Of the
richest and most prolific States, and susceptible of
being one Of the most controlling influential mem
beers Of the Confederacy.
There were come negotiations in commercial
paper closed to-day. We note sales of $4,000 Of
Al long dated at pct, and some sales at 81, and
other movements at 9l@1O; also few tonsorial
transactions at 129l5 and ,s get. The surplus or
amount over at the several banks does not indicate
any great abundance of the dross. ~ 5
The offerings or calls for discounts at the banks
continue above their income, with no accession to
the specie reserves. AT this time last year, say
the middle of March, the banks had in vault ST.
600, 900 of COIN If we take this as criterion, and
estimate the yearly increase of business in en-
porium, we ought to have on hand to-day about
sls, 900, 900; but as we have not the amount. we
can console ourselves that we ought to have, and
50 long as we have not got IT. nor no probability
of having the amount this season, why We must en-
deavor to get along without it, and settle down for
a or 10 get. money market for this spring or
eight weeks Oft.
The Exchange market was $3.50 to-day The
counter rate for checks on New York was steady
at prem. Double AL sight outside sold freely at
1-16@t dis. good choice five days sight at an !
dis Favored signatures of time drafts were in
some request. We note sales Of two lots Of $4,000
each at the advance figure Of Oct. dis; also q
round amount of five days sight at 1 dis and one
day sight at par-extreme rates Of sixty days sight
ranged from 1It9l4 and II discount, with some
bills through the tiger at 1a@ll dis. In foreign
there were larger sums offering. Dealers were
supplying themselves by cords at 107i@l0s and
1854 for Clear bills, and Documents at from 1o7l
1919. In francs there were sales OF I25 900 on an
out port Every good bs) at $40, and 240, 600, in
two lots, on Paris Commercial bills) at 81 lex
IRENE rates ranged from 522s D5.l5, but If party
wanted only 5000 or 10000 he might have to take
it at from 5.l5 05. 10 if at sight or short sight.
The Stock market seems to be somewhat riled
We note sales to-day of 100 shares Louisiana State
Bank at ISIS, 100 shares of Crescent City Bank a
i l00 and few shares of Gaslight Company at $50
Il There have also been some sales of Insurance
scrip on private terms but scrip of our local III
surance Companies, under the present favorable
position of the several associations is deemed good
investments but it might not be so favorable if a
reduction in rates of insurance were to be consid
cred and adopted.
The Charleston Mercury, of the 10th inst, gives
the last monthly return of the banks of the State
4 of South Carolina. There are twenty banks re-
ported having capital to the amount Of s14 062
The circulation Of these banks is sl2,60s,6s7. The
/ largest amount of circulation by any particular
bank is that of the Bank Of the State, which re
ports circulation at 1892 1850; deposits, ssl9,osI
total immediate cash liabilities, 81, s12 .5s7. Ac
cording to the laws of Louisiana, this bank should
have in vault 1887 500 instead of that {by the loose
system of South Carolina) this sum is represented
4 by only s265 ,225 in COIN The Bank of Charleston
is reported to be the Ajax Of South Carolina. We
figure out from its last return the following figures
LIABILITIES.
| Capital STOCK tU. Gun
/ Circulation aI5,eSs