New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1860-05-10
ash OrIsans 4ailg Crestsnt.
FINANCIAL AND COMMERCIAL DEPARTMENT.
gsh NrIeaas 1lausg gtIarAst.
carscrsT or,lcr, 70. % Camp steer

CNTS NSV@sss'v~ rENyssS& CSbtSsttss
CO. 80 =. = !,
| wednesday evening Nay ,. 100 +
Nothing whatever Of an exciting character turn
ed up to-day In the general financial money market
The showers Of rain which fell after ;dn;ot ,era
s,,,x, !. -.,.a.t... !. !, :
'' s14'Ss' 'A' ''is
eoun'S, as 'iiougn sney nao Deen showers Of GOA
dnst; yet the change in the weather Is rather I'M
seasonabIe, but the rain has come. However. fhis
Is not the ,rst time that Tho ,,ott - ~ .o,,
atterded ,..,.,, H.. &
So =. 's'''p s'Asu'e
= anu apoai 'ne nanks there was nothing very
exciung gong on. The calls or offerings for dis
count we're not large; in fact, they were in the
aggregate moderate, compared to what they have
oeen. win tWo banks about equal to the income,
with others something above, but there was moth
ing in the amounts offered to disturb the equanim-
ity Of bank managers; that is, they were very far
from being alarmed, and the general money mar.
ket closed to-day under remarkable degree OF
quietness. The Bears and croakers must postpone
mat " alarming and hard pressure" for the pre-.
sent it won't come. At the same time there is no
relief ease or let up for spectators or those who
desire to borrow to go travelling, make dash and
cut splurge at Northern watering resorts, or to
support turnout in Paris. They who have money
can disburBe as they please, but when We see par.
ties who have been dealing in paper all the season
Investing at all sorts of figures or rates from s@15
act) now offering this same paper to our banks
for discount to take the proceeds out Of the State
70, in our view, making something Of q demand on
the liberality Of our bank managers when there is
a redundancy Of paper, or free calls for discounts
from our permanent and resident merchants and
traders who are pursuing real legitimate pursuits.
AS with the banks to-day, it was quiet, and SO it
Was on the street. Some small sums Of paper
changed hands at from SOLO Oct, and SO there
were sales at l2t0ls get, but these sales are not
confirmatory Of pressure, because paper Of the
same relative standing and Of the same time could
not be placed at lower rate in the great metropo
LIS, New York. True, we are advised that loans
aud discounts in New York are effected at soc U
Ct; but these loans are on United States Stocks,
New York State Stocks for ten, fifteen or twenty
days, but TO 50 into Wall street and offer long
dated paper, say factors or commission merchants
acceptances, having eight to twelve months to ma
lure, at the rate OF 9glO got, any such offerer
would be laughed at. Newfork has some influence
IN the general nnances Of the country, but money
To-Day is relauvely cheaper in New Orleans on
long commercial paper than IN New York. New
York is great and influential at times-nothing
more positive than that-as will appear by refer
ence 70 the troublesome times of October, 1867.
the Exchange market to-day was quiet than
nfharvviae The rafar Al tfa hantu far chac1-u ~,
NJ VII, - .,a -. --7.
- = p.en ~, "i.ii, 4" esef,
cotton have had some ;nanenca nonhI. IS III
Solson ~ iAaA soiuS iiauSlSc. Ooupic Al Jul
oo "'s ''J "A . soou uSnANuu a. 4VSs-sae
latter figure ruling. There was not much doing in
s;,t,, 49,, w. 1880, ,ar. So, .,yo, - 7,a1 so.4
:, y.
discount Tor cn0lce and good, with sales OF other
classes at from li(Dl4 ana IL. Tnefe are very lew
commercial bills offering. In Sterling there were
fransactiona at ID8(nlO61 to I()81NnIn2l for doc
s-' n ,@ $500
- - ~ 'sS- 49,, - . q, ~, g 80 i"
rales 1aneeu HoM iVs2e0ho94, ni'n Unnh oratts
held ut ll0. The market was very weak through
the day, which applies to New YORK yesterday,
4. 49,. ,,u..u,,,..-s.u - 5..,,.;.,, W. 5;a -.
41DsA, ssSAAt, s 80. c' 3 n - 49,
learn of sales in frances We quote from .l56l
~ mi 4 II !. IL, u -
aI0 ana Qua. Inc business IN cOttOn Win tne Fin
pire of the Nephew OF my Uncle is now about
-
are raonirad every weak fr remittance To mandate
az led - - - ,-s, --- - 1 as-N''e
rents and for travelling demands.
W., ia ,,ot laarr ~ ~ ,alap otoo1,s 20 1at,