New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-11-13
Nsn 0rleans Daily Crescent.
FINANCIAL AND COMMERCIAL DEPARTMENT.
Gin @rIeaus 3noneg HIarAst.
caxsczs5 oyvIcT; No; 70 Camp , 4 |, &,

CsEscEsI OFFICE. No. 70 Camp street.
Monday Evening, EoT H. Issd.5
The week opens quietly in moneyed circles.
There were sales and negotiations Of paper on
much better terms than last week. though the rates
Of interest were rather above IL get, was highly
satisfactory to know there was something of mar
ket-a vent, as it were, for the disposal of paper.
We noticed on the flags and in private the appear
ance Of several dealers in paper. The contents of
their portefeuies, which they accumulated last
year, being relieved by the prompt payment Of
only to intimate to buyers of paper that they will
have very slim chances for purchasing commercial
securities after the LIST day Of January, 1861. If
do not mistake the signs of the times, there will be
very little paper issued after that date, and we are
very positive in asserting that there will be very
little issued before the LIST of January. 4 great
political issue has to be settled within three months,
or before the paper arising from the usual annual
advances in the way Of accepting planters drafts
will appear on our market. As prominent and
executive officer Of Of the old banks has fire.
| quently remarked within the past two months, in
something of joyial manner, that it would be dis
tressing to capitalists if they could not find
employment for their money. Many true thing
turns up from Jest. We, therefore, PROFOUND the
question 81 II the cotton factors OF New Orleans
should refuse and decline to accept, the phrase
is, advance on crops to grow, where or how would
!. the usual capital or money find employment RI
] Echo answers, g Where?" We can plainly say to
money lenders shavers, capitalists and all, you
have not the game in your hands, secession or
no secession. At this present moment we know
/ you have very light deposits that your balances
have run low, and if the cotton factors Of New Or
leans will follow and stand up to the implied re-
solve not to advance or accept on crops to grow
{ your occupation would be gone, and you would
Z have very light balances to take Northward next
Z spring..
4 The Ajax was the only bank discountIng to-day
Z The offerings were something over quarter of
million of dollars. The managers of the Ajax ar
e not however, alarmed by secession; they dis
+ counted freely though majority of them believ
4 that crisis is approaching, that majority has nj
g fears of the result, and they would mount TIL
q eockade tomorrow in defense Of the South thoug
3 their agents in Network are imbibed with stron
IS tincture of Black Republicanism. We say nothing
y about the Quaker agents in London.
IS Three hundred thousand dollars in gold were re
The further sum of two hundred thousand dollar
was ordered to-day by the Citizens Bank privat
20 parties have considerable sums on the way. TIL
M favorable advices from Europe to-day created
90 good feeling, and the South is growing stronge
Is and stronger every day. The gold must com
Ha from somewhere.
The Exchange market opened quietly, as it ha
for many Mondays heretofore. The counter raj
5 for checks on New York was steady at discount
though some banks held at !, it was not realize
only in small way. Outside the transactions We
light. Very few transactions. These were at "a
get. discount for AL aud good sight. Five al
x ten days sight 1C015 dis. As for time and six
10 day bills there was no demand. The time is pa
q ing away for Northern operators, Black Republic
y dealers and traders-like Governor Morgan
Is New York - to obtain the products of the grt
90 South by sixty days sight or seventy days d.
70 draft The remark will also apply to the great c
IS ton factories Of New England, who have been
set the practice Of obtaining their supplies of cot
through agents on time exchange !; they m
~ henceforth be prepared to pay at sight send
mi gold in advance. Therefore, we have merely
per say that time exchange the North at this I'll
possesses only nominal value or rate, thou
some sound and favorite signatures may be plae
IN at 2al2a and get. dis. but it will be more fig
g the standing and soundness of the drawers than
% responsibility and procyities of the drawees.
10 sterling there was better feeling to-day, W
x sales being effected at lo5a@lo6 and 1o6a for eli
bills. In documents there were sales at l054@lt
Is and even up to LOG for bills deemed equivalent
% clear. Though lo43@lo54 are the ruling rates
Is documents, there was press to-day on the m
ket. Francs were dull; the very best on Paris
AND rect ranging from 5.35@5.3o to 5.274, and on Q
ports at the difference in cost Of collection, VIII
by sne difference often rules from act. to soMETHl
[, to
1861 apoNe'
1 the
CONNER CIAL.