New Orleans daily crescent., 1860-11-09
Ue6 Orltans Dallp Crescent.
FINANCIAL AND COMMERCIAL DEpARTNIENT.
Hen Orleans 1lonev alarkst.
CRKscEp7 OFFICE. No. 10 Camp strses :.
Ihtrrl-lat- Eaat,ina. Nr.r q IaE

fJtrW UtttHHG lttulStU LktHlhLls /
cnnscrss o,scs. 10. 70 Camp street:
Thursday Evening" Nov 8. 1861.
The general paper market to day was something
Of blank. The negotiations were to3 trivial for
remark. At the banks the offerings were heavy,
com7sred to the income. The banks are all in
good position, the managers and executive officers
in good hnmor, good feeling, calm, cool and
serene. There may be exception, as we did
not fal ~ with all We paid orr respects to nine !
out OF The eleven, and was highly grataed to OBJ |
serve the good feeling ruling
There was more doing in cotton to-day in fact. |
the sales were free and largely nv excess of any
day since Thursday last a concession was made |
in favor of buyers, but that haaits origin in the t
rates of exchange and the daily accumulation Of
stock, though the concession Is on the sower grades
only. All qualises from Mdaling up are in good
request at good prices.
The Exchange market was toIerabIy active to.
day, though at low figures The sales did not
reach the extent Of yesterday. The counter rate
at the banks for cheeks ruled at h9 discoHnt. but
large transactions in checks have been made at
get. dis, and sight drafts to-day were offered very
freely at l.! dis The outdoor rate ruled from 19
II to Ii dis. AL five days sight was sold at dis.
AL sixty days sight at 2A052s dis. Good and fair
| commercial drafts, though they may be qnoted
from 2395 down to 81 discount, were almost
| saleabe. Some of the drawees Of the q get.
change cash them in New York at 6Gz get. yet,
when good sight can be had at dis. it is useless
expect any great inquiry for sixty days sight at
2l93 discount.
The supply of sterling keeps above the demand,
and large amount Of good bills continue to be
taken up at 1050l06-the latter for AL clear.
There were also sales of clear at 1861 remittance
4 rates rule at from l0G49lo8}. Balances or remit
tances for coffee can be placed in London at low
rates. The lowest rate for clear sterling during
the commercial year, ending the 3lst August last,
was in December, 1863, when it receded to loGa@
1915. The lowest rates in 1853 were in December,
!: 1858, at 1914, and in December, 1857, lo449lo4a
December, 1851, was following the panic and the
market did not recover till towards the close Of the
month of January.
In document bills to-day the transactions ruIet
Z at from 1O41@105 and lo5a. More done from To-
I up than from l05 down. We, however, have Il
I quote offers of lc4@l04i. The market range
3 broadly say from 104a8l055. Francs dull, and !
I / on Paris direct ranging from 5s5@5.274 TIL
j banks ask higher without making any large sales
3 Exchange having receded to rates admitting o
Z the importation of coin from New York. the Loui
4 5000 600; the Citizens Bank also ordered and re
Z ceived telegraphc dispatch yesterday of th
$ shipment of 100000 Other parties are expeetin
in all $3.50 900; but this is fash in the par
y y though it will prove Of great service. We ough
- to have two millions at once. 1t is not expecte
% much coin will be imported by the free banks-th
iron law under which they exist checks their utilit
fa in this respect.
The following are the latest regular quotation
of foreign exchange in New York:
The foreign exchange market continues dul
We quote frstciass bankers bills at lU8t1I I'd
sterling, and 5.iTl6DISa for francs. We hear {
large sales of francs at5.l8t; if any one wanted
large line of sterling some of the leading houst
would probably be willing to supply it at 107
Commercial bills go at 1070l071. The busne
done for to-morrow's packet has been small mo
people preferring to wait for the Cunard steam
on Wednesday next
In Stocks and Bonds the market is dull and
active. The only sales to our knowledge
a shares Bank of Louisiana at ITO for paper, and
5 shares Bank of New Orleans, cash, at 81 II mu
s less than its value, as the books show it to
p worth l0S@lG9.
The last returns of banks in st. Louis sho
Az them to be in the following position, far
III items Of exchange, circulation and coin 60. WI
per amount they owe depositors is not published,
the amount of loans and discounts. To keep VI
record of the banks in the West-so closely CT
IN nected as city is, commercially and fnancia
s with that section-we publish below the last
20 turns of the banks of st. Louis. The circulation
~ well protected, and more than covered by speei